Boca Raton Regional Hospital Foundation Inc
- Assets
- $315.8m
- Revenue
- $62.4m
- Investments
- $53.3m
- Employees
- 0
- Location
- Boca Raton, FL
- Founding
- 12/2004
- Data as of
- 09/2020
- EIN
- 59-2406425
Organization Overview
Boca Raton Regional Hospital Foundation Inc is located in Boca Raton, FL. The organization was established in 2004. According to its NTEE Classification (S21) the organization is classified as: Community Coalitions, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Boca Raton Regional Hospital 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 09/2020, Boca Raton Regional Hospital Foundation Inc generated $62.4m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.0% each year. All expenses for the organization totaled $37.9m during the year ending 09/2020. While expenses have increased by 3.7% 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 2015, Boca Raton Regional Hospital Foundation Inc has awarded 67 individual grants totaling $139,907,558. 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
THE FOUNDATION SUPPORTS THE HOSPITAL'S MISSION OF PROVIDING SUPERIOR, COMPASSIONATE HEALTH CARE THROUGH THE CULTIVATION & STEWARDSHIP OF PHILANTHROPIC GIFTS & RAISING THE PUBLIC AWARENESS OF THE HOSPITAL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BOCA RATON REGIONAL HOSPITAL FOUNDATION (THE FOUNDATION) WAS ESTABLISHED TO RAISE FUNDS FOR THE BENEFIT AND SUPPORT OF THE BOCA RATON REGIONAL HOSPITAL (BRRH) AND ITS AFFILIATE COMPANIES IN ITS MISSION TO PROVIDE HIGH QUALITY HEALTH CARE SERVICES TO THE BOCA RATON COMMUNITY. THE FOUNDATION'S PURPOSE IS TO SUPPORT BRRH THROUGH THE PROVISION OF FUNDING FOR VARIOUS PROGRAMS OF THE HOSPITAL AND IN BUILDING COMMUNITY SUPPORT FOR THE HOSPITAL AND ITS AFFILIATES. AS OF JULY 1, 2019, THE FOUNDATION BECAME AN INDEPENDENT, SELF-GOVERNING ORGANIZATION SUPPORTING BOCA RATON REGIONAL HOSPITAL AND THE BRRH AFFILIATES AND THE COMMUNITIES THEY SERVE IN ACCORDANCE WITH FOUNDATION'S PURPOSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Ex-Officio Member - Vice Chair Of The Hospital Board | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ghiorsi & Sorrenti Inc Capital Campaign Services | 9/29/21 | $288,279 |
Boca Raton Resort And Club(baton) Catering And Events | 9/29/21 | $404,078 |
Premiere Multimedia Services Audio Visual Services | 9/29/21 | $171,921 |
Sei Investments Company Investment Services | 9/29/21 | $131,012 |
St Andrews Country Club Banquet Services | 9/29/21 | $106,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $59,446,160 |
| Investment income | $4,787,518 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $92,673 |
| Net Income from Fundraising Events | -$1,996,247 |
| Net Income from Gaming Activities | $41,335 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $62,390,415 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $20,000 |
| 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 to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $676,305 |
| Fees for services: Legal | $4,072 |
| Fees for services: Accounting | $59,270 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $302,424 |
| Fees for services: Investment Management | $875,005 |
| Fees for services: Other | $206,513 |
| Advertising and promotion | $53,769 |
| Office expenses | $161,005 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $65,800 |
| Travel | $20,781 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $20,198 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $39,140 |
| All other expenses | $0 |
| Total functional expenses | $37,858,105 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $19,450,972 |
| Pledges and grants receivable | $61,557,298 |
| Accounts receivable, net | $0 |
| 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 | $150,738 |
| Investments—publicly traded securities | $181,262,118 |
| Investments—other securities | $53,299,813 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $78,488 |
| Total assets | $315,799,427 |
| Accounts payable and accrued expenses | $506,646 |
| 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 | $201,277 |
| Total liabilities | $707,923 |
| 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 | $315,091,504 |
Grants Awarded
Over the last fiscal year, Boca Raton Regional Hospital Foundation Inc has awarded $32,524,383 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
Boca Raton, FL PURPOSE: Support Hospital Needs | $32,209,229 |
Boca Raton, FL PURPOSE: Community Support | $95,500 |
Boca Raton, FL PURPOSE: Community Support | $54,500 |
Boca Raton, FL PURPOSE: Community Support | $30,500 |
Boca Raton, FL PURPOSE: Community Support | $27,000 |
Boca Raton, FL PURPOSE: Community Support | $25,054 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Boca Raton Regional Hospital Foundation Inc has recieved totaling $5,190,852.
| Awarding Organization | Amount |
|---|---|
Bay Branch Foundation Boca Raton, FL PURPOSE: TO FINANCE OPERATIONS OF DONEE ORGANIZATION, CAPITAL PROJECTS AND FUNDRAISING EVENTS | $5,172,852 |
Irvin L Siegel Family Foundation Inc Sarasota, FL PURPOSE: GENERAL | $10,000 |
Roron Foundation Inc Boca Raton, FL PURPOSE: PROGRAM SERVICES | $5,000 |
Charna And Alan B Larkin Philanthropic Fund Inc Boca Raton, FL PURPOSE: GENERAL SUPPORT | $3,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Boca Raton Regional Hospital Foundation Inc Boca Raton, FL | $315,799,427 | $62,390,415 |
Catalyst Miami Inc Miami, FL | $6,303,962 | $5,374,874 |
Alabama Bankers Association Inc Montgomery, AL | $3,505,775 | $3,822,540 |
Georgia Rural Water Association Incorporated Barnesville, GA | $3,435,226 | $4,117,604 |
Florida Association Of Centers For Independent Living Inc Facil Tallahassee, FL | $7,894,913 | $3,870,768 |
Alabama Rural Water Association Montgomery, AL | $2,377,857 | $3,170,318 |
Macon-Russell Community Action Agency Incorporated Tuskegee, AL | $785,450 | $2,551,458 |
New Town Macon Inc Macon, GA | $28,447,383 | $5,896,499 |
Faith In Florida Inc Orlando, FL | $1,660,314 | $1,913,731 |
Palm Beach Civic Association Inc Palm Beach, FL | $3,106,965 | $1,972,810 |
Federal Alliance For Safe Homes -Flash Inc Tallahassee, FL | $1,877,404 | $1,813,662 |
Quality Life Center Of Southwest Florida Inc Fort Myers, FL | $3,568,924 | $1,373,755 |