Jupiter Medical Center Inc
- Assets
- $410.0m
- Revenue
- $302.9m
- Investments
- $0.0
- Employees
- 2,076
- Location
- Jupiter, FL
- Founding
- 03/1975
- Data as of
- 09/2020
- EIN
- 59-1460239
Organization Overview
Jupiter Medical Center Inc is located in Jupiter, FL. The organization was established in 1975. According to its NTEE Classification (E22) the organization is classified as: General Hospitals, under the broad grouping of Health Care and related organizations. As of 09/2021, Jupiter Medical Center Inc employed 2,076 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Jupiter Medical Center Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 09/2020, Jupiter Medical Center Inc generated $302.9m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.5% each year. All expenses for the organization totaled $281.2m during the year ending 09/2020. While expenses have increased by 5.2% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Jupiter Medical Center Inc has awarded 20 individual grants totaling $7,826,945. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
JUPITER MEDICAL CENTER IS A NOT-FOR-PROFIT COMMUNITY MEDICAL CENTER OFFERING STATE-OF-THE-ART TECHNOLOGY AND WORLD-CLASS HEALTHCARE PROFESSIONALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
JUPITER MEDICAL CENTER, INC. OFFERS NUMEROUS SERVICES TO BENEFIT THE COMMUNITY, INCLUDING CARDIOPULMONARY REHABILITATION, THE CRISP CANCER CENTER (F/K/A THE ELLA MILBANK FOSHAY CANCER CENTER), GI LAB, SLEEP DISORDERS CENTER, OUTPATIENT LAB, HEALTH AND REHABILITATION CENTER, THE MARGARET W. NIEDLAND BREAST CENTER, OBSTETRICS, WOUND CARE, OUTPATIENT IMAGING, AND VASCULAR LAB. THE MEDICAL CENTER ALSO OFFERS A SURGICAL WEIGHT LOSS PROGRAM, CARDIOLOGY SERVICES, PEDIATRIC THERAPY, OUTPATIENT REHABILITATION, PAIN MANAGEMENT AND RESPIRATORY SERVICES. (CONTINUED ON SCHEDULE O)
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Trustee (until December 2020) | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Gilbane Building Company Construction & Real Estate Development | 9/29/21 | $30,588,631 |
Sodexo Inc & Affiliates Outsourced Support Services (Food) | 9/29/21 | $8,845,419 |
Blackdiamond Construction/bldg Renovations | 9/29/21 | $8,525,378 |
Cerner Corporation Health Information Technology Services | 9/29/21 | $6,259,138 |
Sodexho Inc & Affiliates (Evs) Environmental Services Environmental Services | 9/29/21 | $4,377,857 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $35,355,224 |
| Investment income | $443,306 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $127,653 |
| Net Gain/Loss on Asset Sales | -$22,029 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $302,880,567 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,257,670 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $106,966,878 |
| Pension plan accruals and contributions | $2,412,114 |
| Other employee benefits | $8,254,723 |
| Payroll taxes | $6,902,176 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,208,568 |
| Fees for services: Accounting | $305,425 |
| Fees for services: Lobbying | $84,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $18,267 |
| Fees for services: Other | $33,564,296 |
| Advertising and promotion | $890,653 |
| Office expenses | $2,518,295 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $6,129,345 |
| Travel | $160,861 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3,296,008 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $21,568,979 |
| Insurance | $3,696,590 |
| All other expenses | $0 |
| Total functional expenses | $281,169,079 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $61,988,186 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $32,884,524 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $7,575,641 |
| Prepaid expenses and deferred charges | $5,090,432 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $8,489,853 |
| Intangible assets | $0 |
| Other assets | $19,501,799 |
| Total assets | $409,985,360 |
| Accounts payable and accrued expenses | $37,559,092 |
| Grants payable | $0 |
| Deferred revenue | $11,193,223 |
| Tax-exempt bond liabilities | $92,812,757 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,364,271 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $77,962,624 |
| Total liabilities | $220,891,967 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $189,093,393 |
Grants Awarded
Over the last fiscal year, Jupiter Medical Center Inc has awarded $7,595,945 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
Jupiter, FL PURPOSE: GENERAL SUPPORT | $6,421,334 |
Jupiter, FL PURPOSE: GENERAL SUPPORT | $719,243 |
Jupiter, FL PURPOSE: GENERAL SUPPORT | $196,008 |
Palm Beach Gardens, FL PURPOSE: DONATION | $159,360 |
Dallas, TX PURPOSE: DONATION | $55,000 |
West Palm Beach, FL PURPOSE: DONATION | $25,000 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Jupiter Medical Center Inc has recieved totaling $37,000.
| Awarding Organization | Amount |
|---|---|
The Sambol Family Foundation Inc Juniper Inlet Colony, FL PURPOSE: PROGRAM AND PUBLIC SUPPORT | $20,000 |
Spinnaker Foundation Inc Jupiter, FL PURPOSE: CONTRIBUTION | $10,000 |
Georgescu Family Foundation Westport, CT PURPOSE: GENERAL BUSINESS | $3,000 |
Schein Family Foundation Palm Beach Gardens, FL PURPOSE: GENERAL USE | $2,000 |
Bess Family Foundation Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $1,000 |
Kavanewksy Family Foundation Inc Palm City, FL PURPOSE: CHARITABLE | $1,000 |
Endowment Analysis
| Beg. Balance | $12,694,499 |
| Earnings | $2,744,398 |
| Net Contributions | $2,077,774 |
| Other Expense | $88,137 |
| Ending Balance | $17,428,534 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University Community Hospital Inc Tampa, FL | $1,235,213,568 | $915,701,443 |
Morton Plant Hospital Association Inc Clearwater, FL | $1,389,589,934 | $934,836,650 |
Mount Sinai Medical Center Of Florida Inc Miami Beach, FL | $992,427,664 | $901,856,611 |
Shands Jacksonville Medical Center Inc Jacksonville, FL | $750,537,278 | $894,366,475 |
Lakeland Regional Medical Center Inc Lakeland, FL | $799,528,886 | $860,757,084 |
Tallahassee Memorial Healthcare Inc Tallahassee, FL | $1,130,180,703 | $783,859,263 |
Baptist Hospital Inc Pensacola, FL | $1,048,797,666 | $758,112,762 |
Medical Center Of Central Georgia Inc Macon, GA | $1,397,526,718 | $800,413,800 |
Holmes Regional Medical Center Rockledge, FL | $903,830,612 | $776,752,725 |
Phoebe Putney Memorial Hospital Inc Albany, GA | $729,879,818 | $712,342,689 |
Cobb Hospital Marietta, GA | $403,732,052 | $857,038,951 |
South Miami Hospital Inc Miami, FL | $413,367,432 | $763,720,505 |