Hospice By The Sea Inc
- Assets
- $24.2m
- Revenue
- $53.7m
- Investments
- $0.0
- Employees
- 245
- Location
- West Palm Beach, FL
- Founding
- 09/1981
- Data as of
- 12/2021
- EIN
- 59-1952942
Organization Overview
Hospice By The Sea Inc is located in West Palm Beach, FL. The organization was established in 1981. According to its NTEE Classification (P74) the organization is classified as: Hospices, under the broad grouping of Human Services and related organizations. As of 12/2021, Hospice By The Sea Inc employed 245 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hospice By The Sea 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 12/2021, Hospice By The Sea Inc generated $53.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.8% each year. All expenses for the organization totaled $50.4m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION'S MISSION IS TO PROVIDE FAMILIES WITH ACCESS TO COMPASSIONATE, EXPERT AND PROFESSIONAL HEALTHCARE SERVICES IN THEIR TIME OF NEED, THROUGHOUT THEIR LIFESPAN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOSPICE IS OUR CORE PROGRAM IN WHICH INTERDISCIPLINARY TEAMS OF PHYSICIANS, NURSES, NURSE ASSISTANTS, SOCIAL WORKERS, CLERGY AND VOLUNTEERS PROVIDE INDIVIDUALIZED, HOLISTIC, QUALITY END-OF-LIFE HOSPICE CARE TO TERMINALLY ILL PATIENTS, MOST OF WHO ARE CARED FOR IN THEIR OWN HOMES. WE ALSO OPERATE TWO INPATIENT CARE CENTERS FOR PATIENTS WHO REQUIRE ACUTE, SHORT-TERM SKILLED CARE, SUCH AS PAIN CONTROL, SYMPTOM MANAGEMENT, ASSESSMENT AND INTERVENTION. OUR HOSPICE PROGRAM ALSO ADDRESSES THE PSYCHOSOCIAL AND SPIRITUAL NEEDS OF THE TERMINALLY ILL PATIENT'S FAMILY MEMBERS AND CAREGIVERS. AS PART OF THIS PROGRAM, PSYCHOSOCIAL AND SPIRITUAL COUNSELORS OFFER PREPARATION FOR DEATH ASSISTANCE AS WELL AS BEREAVEMENT SERVICES FOR THE FAMILY MEMBERS OF OUR PATIENTS FOR 13 MONTHS AFTER THE DEATH OF A LOVED ONE. DURING THE TWELVE MONTH PERIOD ENDED DECEMBER 31, 2021, HBTS ADMITTED AND SERVED 4,257 PATIENTS. THE ORGANIZATION ALSO PROVIDED APPROXIMATELY $737,000 OF CHARITY CARE DURING 2021.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Former Officer | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Trustbridge Inc Administrative Services | 12/30/14 | $5,768,764 |
Streamline Medical Software | 12/30/14 | $483,541 |
Memorial Healthcare System Room & Board | 12/30/14 | $549,842 |
Cwg Healthcare Solutions Medical Staffing | 12/30/14 | $367,713 |
Life Healthcare Services Medical Equipment | 12/30/14 | $374,660 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $1,195,469 |
| Government grants | $2,723,899 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,919,368 |
| Total Program Service Revenue | $49,761,104 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $53,733,577 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $29,373,618 |
| Pension plan accruals and contributions | $437,864 |
| Other employee benefits | $2,878,983 |
| Payroll taxes | $1,229,239 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $242,520 |
| Fees for services: Accounting | $77,603 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,045,279 |
| Advertising and promotion | $187,183 |
| Office expenses | $445,654 |
| Information technology | $1,232,062 |
| Royalties | $0 |
| Occupancy | $1,752,565 |
| Travel | $210,140 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,814 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $893,642 |
| Insurance | $63,538 |
| All other expenses | $295,596 |
| Total functional expenses | $50,359,647 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,040,996 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $10,968,411 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $8,229,395 |
| Total assets | $24,238,802 |
| Accounts payable and accrued expenses | $2,334,346 |
| Grants payable | $0 |
| Deferred revenue | $228,673 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,563,019 |
| Net assets without donor restrictions | $21,570,793 |
| Net assets with donor restrictions | $104,990 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $24,238,802 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Hospice By The Sea Inc has recieved totaling $1,198,469.
| Awarding Organization | Amount |
|---|---|
Trustbridge Foundation Inc West Palm Beach, FL PURPOSE: Program Support | $1,195,469 |
Ernst & Gertrude Ticho Charitable Foundation Tr Delray Beach, FL PURPOSE: PALLIATIVE CARE OFTERMINAL ILLNESS - STAFF TRAINING | $3,000 |
Endowment Analysis
| Beg. Balance | $3,196,762 |
| Earnings | $311,610 |
| Other Expense | $288,592 |
| Ending Balance | $3,219,780 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hospice Of The Florida Suncoast Inc Clearwater, FL | $60,700,898 | $121,632,647 |
Community Hospice Of Northeast Florida Inc Jacksonville, FL | $107,746,508 | $118,853,375 |
Tidewell Hospice Inc Sarasota, FL | $30,737,381 | $110,856,744 |
Hospice Of Palm Beach County Inc West Palm Beach, FL | $54,298,636 | $88,701,268 |
Covenant Hospice Inc Pensacola, FL | $77,009,702 | $64,777,172 |
Catholic Hospice Inc Miami Lakes, FL | $34,194,758 | $52,128,143 |
Hospice By The Sea Inc West Palm Beach, FL | $24,238,802 | $53,733,577 |
Hernando-Pasco Hospice Inc Temple Terrace, FL | $10,228,935 | $47,079,732 |
North Central Florida Hospice Inc Gainesville, FL | $59,524,924 | $43,858,318 |
Hospice Of Marion County Inc Ocala, FL | $45,083,771 | $42,336,001 |
Hospice Of The Comforter Inc Altamonte Springs, FL | $23,267,854 | $39,513,160 |
Hospice Of St Francis Inc Titusville, FL | $33,285,120 | $33,978,762 |