Florida Hospital Waterman Foundation Inc
- Assets
- $37.3m
- Revenue
- $6.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Tavares, FL
- Founding
- 07/1984
- Data as of
- 12/2021
- EIN
- 59-2330166
Organization Overview
Florida Hospital Waterman Foundation Inc is located in Tavares, FL. The organization was established in 1984. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Florida Hospital Waterman Foundation 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, Florida Hospital Waterman Foundation Inc generated $6.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.4% each year. All expenses for the organization totaled $3.9m 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
TO SUPPORT FLORIDA HOSPITAL WATERMAN IN HEALTHCARE EXCELLENCE THROUGH CHARITABLE GIVING
Describe the Organization's Program Activity:
Part 3 - Line 4a
FLORIDA HOSPITAL WATERMAN FOUNDATION SEEKS DONOR CONTRIBUTIONS AND GRANT FUNDS TO SUPPORT AND ENHANCE HEALTHCARE PROGRAMS AND SERVICES AVAILABLE TO OUR COMMUNITY THROUGH FLORIDA HOSPITAL WATERMAN, INC, A 501(C)(3) HOSPITAL IN LAKE COUNTY, FLORIDA. MAJOR AREAS OF FOCUS INCLUDE THE FHW HEART CENTER, EMERGENCY SERVICES, THE FHW COMMUNITY PRIMARY HEALTH CLINIC, FHW CANCER CENTER, AND SCHOLARSHIP PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tracy Belton Vice Chair | OfficerTrustee | 2 | $0 |
Todd Mazenko Chair | OfficerTrustee | 2 | $0 |
Frank Munroe Secretary | OfficerTrustee | 2 | $0 |
Matt Hackler Treasurer | OfficerTrustee | 2 | $0 |
Colleen Van Fleet Trustee | Trustee | 1 | $0 |
Mike Rogers Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $186,601 |
| Government grants | $103,362 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,852,004 |
| Noncash contributions included in lines 1a–1f | $1,831,316 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,141,967 |
| Total Program Service Revenue | $0 |
| Investment income | $668,619 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,160,798 |
| Net Income from Fundraising Events | $79,648 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $53,365 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,104,397 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,221,311 |
| 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 | $364,778 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $27,791 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $197,766 |
| Fees for services: Other | $12,000 |
| Advertising and promotion | $14,549 |
| Office expenses | $5,259 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $5,496 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,820 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $8,549 |
| Total functional expenses | $3,880,583 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $91,912 |
| Savings and temporary cash investments | $2,546,131 |
| Pledges and grants receivable | $2,490,160 |
| Accounts receivable, net | $186,601 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $91,778 |
| Prepaid expenses and deferred charges | $10,517 |
| Net Land, buildings, and equipment | $90,000 |
| Investments—publicly traded securities | $31,839,577 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $37,346,676 |
| Accounts payable and accrued expenses | $89,297 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $61,307 |
| Total liabilities | $150,604 |
| Net assets without donor restrictions | $31,804,615 |
| Net assets with donor restrictions | $5,391,457 |
| 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 | $37,346,676 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Florida Hospital Waterman Foundation Inc has recieved totaling $36,665.
| Awarding Organization | Amount |
|---|---|
Mount Dora Community Trust Mount Dora, FL PURPOSE: GIVING WEEK | $26,578 |
Adventist Health System Sunbelt Healthcare Corporation Altamonte Springs, FL PURPOSE: General Support | $10,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $87 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Houston Healthcare System Inc Warner Robins, GA | $2,831,389 | $10,479,781 |
Montgomery Baptist Outreach Services Corporation Montgomery, AL | $20,272,262 | $12,064,663 |
West Florida Health Home Care Inc Temple Terrace, FL | $9,306,071 | $17,546,584 |
West Georgia Health Foundation Inc Marietta, GA | $8,141,093 | $4,609,093 |
Mount Sinai Medical Center Foundation Inc Miami Beach, FL | $381,873,831 | $56,255,268 |
Baptist Health System Foundation Inc Jacksonville, FL | $315,907,780 | $49,455,199 |
Harry-Anna Investment Fund Inc Umatilla, FL | $366,026,272 | $19,311,670 |
Morton Plant Mease Health Care Foundation Inc Clearwater, FL | $126,171,724 | $8,632,525 |
Ufcw & Employers Health & Welfare T Rust Fund Pembroke Pines, FL | $22,540,829 | $18,806,803 |
Lakeland Regional Medical Center Foundation Inc Lakeland, FL | $42,454,148 | $10,633,675 |
Alabama Childrens Hospital Foundation Birmingham, AL | $1,336,728,368 | $67,689,862 |
Plumbers & Pipefitters Local 421 Health & Welfare Fund Pembroke Pines, FL | $21,305,656 | $12,681,000 |