H Lee Moffitt Cancer Center And Research Institute Hospital Inc
- Assets
- $307.0m
- Revenue
- $1.5b
- Investments
- $11.8m
- Employees
- 4,762
- Location
- Tampa, FL
- Founding
- 07/1994
- Data as of
- 06/2021
- EIN
- 59-3238634
Organization Overview
H Lee Moffitt Cancer Center And Research Institute Hospital Inc is located in Tampa, FL. The organization was established in 1994. According to its NTEE Classification (E24) the organization is classified as: Specialty Hospitals, under the broad grouping of Health Care and related organizations. As of 06/2021, H Lee Moffitt Cancer Center And Research Institute Hospital Inc employed 4,762 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. H Lee Moffitt Cancer Center And Research Institute Hospital 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, H Lee Moffitt Cancer Center And Research Institute Hospital Inc generated $1.5b in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 11.0% each year . All expenses for the organization totaled $1.2b during the year ending 06/2021. While expenses have increased by 9.9% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO CONTRIBUTE TO THE PREVENTION AND CURE OF CANCER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
H. LEE MOFFITT CANCER CENTER & RESEARCH INSTITUTE HOSPITAL, INC. (THE "HOSPITAL") IS LOCATED ON THE CAMPUS OF THE UNIVERSITY OF SOUTH FLORIDA IN TAMPA, FL. SINCE OPENING IN 1986, THE HOSPITAL HAS BEEN GUIDED BY ONE MISSION, "TO CONTRIBUTE TO THE PREVENTION AND CURE OF CANCER." MOFFITT IS A LEADING NATIONAL CANCER INSTITUTE (NCI) COMPREHENSIVE CANCER CENTER - ONE OF ONLY 49 IN THE NATION TO HOLD THIS DISTINCTION. MOFFITT IS A TOP 10 CANCER HOSPITAL AND HAS BEEN NATIONALLY RANKED BY U.S. NEWS & WORLD REPORT SINCE 1999. WITH MORE THAN 5,700 EMPLOYEES, MOFFITT HAS AN ECONOMIC IMPACT ON FLORIDA OF $2.1 BILLION.RESEARCH IS CRITICAL TO MOFFITT'S MISSION. MUCH OF OUR CLINICAL TRIALS AND STUDIES ARE DONE THROUGH COLLABORATION BETWEEN MOFFITT RESEARCHERS AND PHYSICIANS WHO FOCUS ON COMPREHENSIVE CANCER TREATMENT. THE CLINICAL TRIALS AND STUDIES EXPLORE NEW MEDICAL DISCOVERIES OR NEW WAYS TO USE EXISTING TREATMENTS TO IMPROVE PATIENT CARE. EVERY PARTICIPANT HELPS TAKE US ONE STEP CLOSER TO THAT NEXT BIG BREAKTHROUGH IN CANCER TREATMENT.REIMBURSEMENT IS ALSO CRITICAL TO THE HOSPITAL'S OPERATIONS; HOWEVER, MOFFITT RECOGNIZES ITS RESPONSIBILITY TO PROVIDE SERVICES AND EDUCATION TO THOSE NEEDING SPECIALIZED RESEARCH CAPABILITIES. PATIENTS WHO MEET MOFFITT'S MEDICAL AND SURGICAL PROTOCOLS AND DO NOT HAVE THE ABILITY TO PAY WILL BE TREATED, IF SUCH PROTOCOLS ARE NOT AVAILIABLE IN THEIR COMMUNITY.IT IS THIS COMMITTMENT THAT GUIDES THE HOSPITAL TO:1) PROVIDE CARE FOR PATIENTS COVERED BY GOVERNMENTAL PROGRAMS BELOW COST2) PROVIDE FREE CHARITY CARE FOR THOSE WHO CANNOT PAY3) PROVIDE ONCOLOGY SPECIALIZATION TO THE STATE OF FLORIDA THROUGH INVOLVEMENT IN INVESTIGATIONAL PROTOCOLS, EDUCATION OF FUTURE PHYSICIANS AND CONTINUING PROFESSIONAL EDUCATION FOR PHYSICIANS AND OTHER ALLIED HEALTH CARE PROFESSIONALS4) TAKE A LEADERSHIP ROLE IN CANCER PREVENTION AND SCREENING ACTIVITIES THE HOSPITAL IS A CRITICAL RESOURCE FOR THE STATE OF FLORIDA, WHICH RANKS SECOND IN THE NATION IN BOTH CANCER INCIDENCE AND MORTALITY. MOFFITT IS LICENSED FOR 218 BEDS AND DEVOTES MORE THAN 2 MILLION SQUARE FEET TO RESEARCH AND PATIENT CARE. ADDITIONALLY, MOFFITT PROVIDES A WIDE ARRAY OF OUTREACH AND EDUCATIONAL ACTIVITIES FOR THE GENERAL PUBLIC AND SELECT UNDERSERVED POPULATIONS. IN FISCAL YEAR 2021, THE HOSPITAL RECORDED 563,097 OUTPATIENT VISITS AND 10,268 ADMISSIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
G Douglas Letson Evp-Phys In Chief | Officer | 15 | $1,011,339 |
Robert Keenan Vp-Quality/cmo | Officer | 55 | $976,677 |
Jane Fusilero Vp-Patient Care Svs/cno | Officer | 55 | $613,629 |
Sachin Apte Assoc Chief Medical Officer | 50 | $610,681 | |
Bryan Mciver Deputy Physician In Chief | 50 | $606,354 | |
Cynthia Terrano VP Payer Strategies | Officer | 35 | $468,352 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
National Marrow Donor Program Donor Search Services | 6/29/21 | $8,301,663 |
University Diagnostic Inst Mri Services | 6/29/21 | $3,906,821 |
Barr & Barr Inc Professional Services | 6/29/21 | $2,169,691 |
Ernst & Young Llp Professional Services | 6/29/21 | $1,878,448 |
Assoc Regional & Univ Path Laboratory Services | 6/29/21 | $1,756,536 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $2,114,711 |
| Government grants | $89,316 |
| All other contributions, gifts, grants, and similar amounts not included above | $16,073,015 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $18,277,042 |
| Total Program Service Revenue | $1,509,241,139 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $261,642 |
| Net Gain/Loss on Asset Sales | -$46,629 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,529,253,212 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $10,578,432 |
| 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. | $4,026,214 |
| Compensation of current officers, directors, key employees. | $281,835 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $333,851,280 |
| Pension plan accruals and contributions | $14,207,533 |
| Other employee benefits | $45,116,913 |
| Payroll taxes | $22,798,754 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,604,646 |
| Fees for services: Accounting | $222,739 |
| Fees for services: Lobbying | $448,397 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $60,621,162 |
| Advertising and promotion | $8,082,912 |
| Office expenses | $76,637,741 |
| Information technology | $28,261,877 |
| Royalties | $0 |
| Occupancy | $18,891,118 |
| Travel | $83,967 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $7,079,554 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $39,713,090 |
| Insurance | $1,192,903 |
| All other expenses | $8,292,413 |
| Total functional expenses | $1,233,194,674 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,750 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $23,873,574 |
| Accounts receivable, net | $167,634,234 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $27,365,921 |
| Prepaid expenses and deferred charges | $6,637,989 |
| Net Land, buildings, and equipment | $58,000,111 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $11,848,182 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $11,599,202 |
| Total assets | $306,961,963 |
| Accounts payable and accrued expenses | $70,254,606 |
| 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 | $47,387,999 |
| Total liabilities | $117,642,605 |
| Net assets without donor restrictions | $184,077,537 |
| Net assets with donor restrictions | $5,241,821 |
| 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 | $306,961,963 |
Grants Awarded
Over the last fiscal year, H Lee Moffitt Cancer Center And Research Institute Hospital Inc has awarded $10,589,432 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Tampa, FL PURPOSE: INTERCOMPANY SUPPORT | $10,576,932 |
Highland Park, IL PURPOSE: SPONSORSHIP | $12,500 |
Grants Recieved
Over the last fiscal year, we have identified 10 grants that H Lee Moffitt Cancer Center And Research Institute Hospital Inc has recieved totaling $215,839.
| Awarding Organization | Amount |
|---|---|
Leukemia & Lymphoma Society Inc Rye Brook, NY PURPOSE: RESEARCH GRANT | $61,919 |
Fred Hutchinson Cancer Research Center Seattle, WA PURPOSE: VACCINE AND INFECTIOUS DISEASE | $41,850 |
The Multiple Myeloma Research Foundation Inc Norwalk, CT PURPOSE: FELLOW | $37,500 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HEALTH | $28,275 |
Fred Hutchinson Cancer Research Center Seattle, WA PURPOSE: CLINICAL RESEARCH | $15,033 |
Health Research And Educational Trust Chicago, IL PURPOSE: SUPPORT PAYMENT | $11,202 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Shriners Hospitals For Children Tampa, FL | $10,877,290,799 | $896,169,390 |
Childrens Hospital Of Alabama Birmingham, AL | $847,897,331 | $804,255,338 |
Variety Childrens Hospital Miami, FL | $1,508,530,392 | $776,970,014 |
Brooks Rehabilitation Hospital Jacksonville, FL | $156,540,953 | $127,892,982 |
The Shriners Hospital For Children Tampa, FL | $587,730,249 | $83,244,690 |
Lifestream Behavioral Center Inc Leesburg, FL | $60,011,568 | $62,613,825 |
Florida Proton Therapy Institute Inc Jacksonville, FL | $150,447,220 | $41,049,374 |
Baycare Alliant Hospital Inc Dunedin, FL | $10,505,745 | $19,943,014 |
Southern Crescent Hospital For Specialty Care Inc Riverdale, GA | $4,410,694 | $7,739,688 |
Florida Elks Childrens Therapy Services Inc Umatilla, FL | $461,628 | $3,806,118 |
Georgia Mountains Hospice Inc Jasper, GA | $1,571,072 | $2,350,267 |
Childrens Cancer Center Inc Tampa, FL | $3,487,210 | $2,609,619 |