Baycare Health Systems Inc
- Assets
- $8.7b
- Revenue
- $1.1b
- Investments
- $4.2b
- Employees
- 7,122
- Location
- Clearwater, FL
- Founding
- 06/1987
- Data as of
- 12/2021
- EIN
- 59-2796965
Organization Overview
Baycare Health Systems Inc is located in Clearwater, FL. The organization was established in 1987. According to its NTEE Classification (E21) the organization is classified as: Community Health Systems, under the broad grouping of Health Care and related organizations. As of 12/2022, Baycare Health Systems Inc employed 7,122 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Baycare Health Systems 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, Baycare Health Systems Inc generated $1.1b in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.5% each year . All expenses for the organization totaled $649.8m during the year ending 12/2021. While expenses have increased by 8.3% per year over the past 7 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 2014, Baycare Health Systems Inc has awarded 107 individual grants totaling $12,326,131. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
BAYCARE HEALTH SYSTEM, INC. WILL IMPROVE THE HEALTH OF ALL WE SERVE THROUGH COMMUNITY-OWNED HEALTH CARE SERVICES THAT SET THE STANDARD FOR HIGH-QUALITY, COMPASSIONATE CARE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BAYCARE HEALTH SYSTEM, HEADQUARTERED IN CLEARWATER, FLORIDA, IS THE LEADING, NOT-FOR-PROFIT HEALTH CARE SYSTEM THAT CONNECTS INDIVIDUALS AND FAMILIES TO A WIDE RANGE OF SERVICES AT 16 HOSPITALS AND HUNDREDS OF OTHER CONVENIENT LOCATIONS THROUGHOUT THE TAMPA BAY AND WEST CENTRAL FLORIDA REGIONS. INPATIENT AND OUTPATIENT SERVICES INCLUDE ACUTE CARE, PRIMARY CARE, IMAGING, LABORATORY, SURGERY CENTERS, WELLNESS CENTERS, BEHAVIORAL HEALTH, HOME CARE AND URGENT CARE. BAYCARE'S 2022 REPORT TO THE COMMUNITY CAN BE VIEWED AT BAYCARE.ORG/ANNUAL-REPORT. CONTINUED ON SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Trustee/secretary/treasurer | OfficerTrustee | 1 | $0 |
Name Not Listed Trustee/vice Chair | OfficerTrustee | 1 | $0 |
Name Not Listed Trustee/chair | OfficerTrustee | 1 | $0 |
Name Not Listed Trustee/pres/ceo Baycare (eff Dec 2022) | OfficerTrustee | 45 | $378,191 |
Name Not Listed Trustee/pres/outgoing CEO Baycare | OfficerTrustee | 45 | $4,332,716 |
Name Not Listed Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Robins & Morton Group Construction Services | 12/30/22 | $47,440,641 |
Cerner Corporation Software Support | 12/30/22 | $39,597,081 |
3m Health Information Systems Software Support | 12/30/22 | $6,768,010 |
Pivot Technology Services Corp Software Support | 12/30/22 | $8,000,027 |
Cisco Systems Capital Corp Software Support | 12/30/22 | $3,026,169 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $30,000 |
| Government grants | $881,410 |
| All other contributions, gifts, grants, and similar amounts not included above | $136,694 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,048,104 |
| Total Program Service Revenue | $592,749,929 |
| Investment income | $179,337,015 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $5,506,479 |
| Net Gain/Loss on Asset Sales | $285,116,343 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,143,303,420 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,061,249 |
| 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. | $11,397,650 |
| Compensation of current officers, directors, key employees. | $11,397,650 |
| Compensation to disqualified persons | $358,745 |
| Other salaries and wages | $282,374,150 |
| Pension plan accruals and contributions | $15,417,570 |
| Other employee benefits | $39,242,926 |
| Payroll taxes | $21,015,709 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,388,967 |
| Fees for services: Accounting | $1,323,199 |
| Fees for services: Lobbying | $344,686 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $14,697,895 |
| Fees for services: Other | $40,213,186 |
| Advertising and promotion | $13,387,954 |
| Office expenses | $27,365,597 |
| Information technology | $98,145,336 |
| Royalties | $0 |
| Occupancy | $16,821,180 |
| Travel | $1,642,263 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,024,507 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $44,170,012 |
| Insurance | $668,349 |
| All other expenses | $6,719,778 |
| Total functional expenses | $649,817,463 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $44,508,226 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,939,749 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $21,944,315 |
| Inventories for sale or use | $46,668,921 |
| Prepaid expenses and deferred charges | $40,946,819 |
| Net Land, buildings, and equipment | $494,020,144 |
| Investments—publicly traded securities | $3,510,416,751 |
| Investments—other securities | $4,186,659,893 |
| Investments—program-related | $321,147,233 |
| Intangible assets | $2,101,539 |
| Other assets | $56,959,023 |
| Total assets | $8,728,312,613 |
| Accounts payable and accrued expenses | $460,364,966 |
| Grants payable | $0 |
| Deferred revenue | $3,779,248 |
| Tax-exempt bond liabilities | $958,689,255 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $95,584,424 |
| Unsecured mortgages and notes payable | $542,833,380 |
| Other liabilities | $5,393,256,694 |
| Total liabilities | $7,454,507,967 |
| Net assets without donor restrictions | $1,273,804,646 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $8,728,312,613 |
Grants Awarded
Over the last fiscal year, Baycare Health Systems Inc has awarded $1,892,509 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
ALZHEIMER'S ASSOCIATION PURPOSE: Access to Healthcare | $15,000 |
AMERICAN CANCER SOCIETY PURPOSE: Access to Healthcare | $79,000 |
FEEDING AMERICA TAMPA BAY PURPOSE: Exercise Nutrition and Weight | $100,000 |
FLORIDA RECOVERY SCHOOLS OF TAMPA BAY INC PURPOSE: Behavioral Health | $7,500 |
GOODWILL INDUSTRIES-SUNCOAST INC PURPOSE: Access to Healthcare | $10,000 |
MORTON PLANT MEASE FOUNDATION PURPOSE: Access to Healthcare | $16,500 |