Shands Jacksonville Foundation Inc
- Assets
- $27.0m
- Revenue
- $942.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Jacksonville, FL
- Founding
- 09/1986
- Data as of
- 06/2021
- EIN
- 59-2622323
Organization Overview
Shands Jacksonville Foundation Inc is located in Jacksonville, FL. The organization was established in 1986. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Shands Jacksonville 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 06/2021, Shands Jacksonville Foundation Inc generated $942.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (12.1%) each year. All expenses for the organization totaled $896.6k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (19.4%) per year over the past 6 years. 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 SHANDS JACKSONVILLE MEDICAL CENTER, INC. (SJMC), AN AFFILIATED NON-PROFIT SUPPORTED ORGANIZATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION RAISES CONTRIBUTIONS AND DONATIONS ON BEHALF OF SHANDS JACKSONVILLE MEDICAL CENTER, AN AFFILIATED NON-PROFIT SUPPORTED ORGANIZATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Chairman / Dean Of Univ Of Fl College Of Medicine | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $3,077 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $230,099 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $595,005 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $828,181 |
| Total Program Service Revenue | $0 |
| Investment income | $2 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $114,555 |
| 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 | $942,738 |
| 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 | $0 |
| 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 | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,210 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $560,758 |
| Insurance | $248 |
| All other expenses | $0 |
| Total functional expenses | $896,575 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,864,632 |
| Savings and temporary cash investments | $4,300 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $85,000 |
| 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 | $18,342,917 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,714,713 |
| Total assets | $27,011,562 |
| Accounts payable and accrued expenses | $2,780 |
| 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 | $27,622,167 |
| Total liabilities | $27,624,947 |
| Net assets without donor restrictions | -$866,830 |
| Net assets with donor restrictions | $253,445 |
| 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 | $27,011,562 |
Grants Awarded
Over the last fiscal year, Shands Jacksonville Foundation Inc has awarded $1,649,486 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Jacksonville, FL PURPOSE: GENERAL PROGRAM SUPPORT | $1,095,494 |
Jacksonville, FL PURPOSE: General Program Support | $553,992 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Shands Jacksonville Foundation Inc has recieved totaling $90,000.
| Awarding Organization | Amount |
|---|---|
Shands Jacksonville Medical Center Inc Jacksonville, FL PURPOSE: General Support | $85,000 |
Jacksonville Jaguars Foundation Inc Jacksonville, FL PURPOSE: CMN SPONSORSHIP | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Georgia Tech Foundation Inc Atlanta, GA | $3,057,656,645 | $246,304,114 |
Florida Charter Educational Foundation Inc Ft Lauderdale, FL | $156,543,730 | $97,506,587 |
Union University Jackson, TN | $193,669,100 | $103,290,604 |
Independent Colleges & Universities Benefits Association Inc Orlando, FL | $55,882,543 | $98,817,940 |
Orange County School Readiness Coalition Orlando, FL | $11,104,395 | $96,605,427 |
Early Learning Coalition Of Duval Inc Jacksonville, FL | $11,680,730 | $96,132,351 |
Lenoir-Rhyne University Hickory, NC | $251,750,614 | $101,403,823 |
Gardner-Webb University Boiling Springs, NC | $163,499,840 | $100,956,877 |
Pine Crest Preparatory School Inc Fort Lauderdale, FL | $333,237,666 | $117,032,606 |
Aaa Scholarship Foundation Inc Tampa, FL | $113,422,809 | $128,005,629 |
Meredith College Raleigh, NC | $208,277,395 | $93,593,801 |
Georgia Tech Athletic Association Atlanta, GA | $397,031,896 | $79,492,257 |