Bethesda Hospital Foundation Inc

Organization Overview

Bethesda Hospital Foundation Inc is located in Boynton Beach, FL. The organization was established in 1962. According to its NTEE Classification (E22) the organization is classified as: General Hospitals, under the broad grouping of Health Care and related organizations. As of 03/2021, Bethesda Hospital Foundation Inc employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bethesda 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 03/2021, Bethesda Hospital Foundation Inc generated $15.7m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 22.2% each year . All expenses for the organization totaled $13.1m during the year ending 03/2021. While expenses have increased by 27.1% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

BETHESDA HOSPITAL FOUNDATION IS A NOT-FOR-PROFIT ORGANIZATION ESTABLISHED FOR THE BENEFIT AND SUPPORT OF BETHESDA HOSPITAL. ITS PURPOSE IS TO ASSIST THE HOSPITAL IN ACCOMPLISHING ITS MISSION THROUGH THE ACQUISITION, MANAGEMENT AND DISBURSEMENT OF PHILANTHROPIC ASSETS AND BY BUILDING SUPPORT OF THE HOSPITAL WITHIN THE COMMUNITY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE BETHESDA HOSPITAL FOUNDATION, CELEBRATING OVER 65 YEARS OF SERVICE RAISES FUNDS TO PROVIDE WORLD-CLASS HEALTHCARE IN OUR COMMUNITY. WITH BETHESDA'S EXPANDING ROLE AS A LEADER IN REGIONAL HEALTHCARE AND THE DRAMATIC GROWTH IN THE COMMUNITY WE SERVE, BETHESDA'S PLANS HAVE RAPIDLY PROGRESSED WITH THE OPENING OF PALM BEACH COUNTY'S NEWEST HOSPITAL IN JANUARY 2013. WITH COMMUNITY SUPPORT, BETHESDA WILL PREPARE FOR THE FUTURE AND ENSURE QUALITY CARE FOR EACH AND EVERY RESIDENT IN OUR COMMUNITY.


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Board, Officers & Key Employees

Name (title)Compensation
Name Not Listed
Former President
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$736,203
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$11,766,228
Noncash contributions included in lines 1a–1f $714,677
Total Revenue from Contributions, Gifts, Grants & Similar$12,502,431
Total Program Service Revenue$0
Investment income $547,021
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $29,115
Net Gain/Loss on Asset Sales $2,692,464
Net Income from Fundraising Events -$81,015
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $15,727,989

Grants Awarded

Over the last fiscal year, Bethesda Hospital Foundation Inc has awarded $3,010,446 in support to 2 organizations.

Grant RecipientAmount

BETHESDA HOSPITAL INC

Org PageRecipient Profile

Boynton Beach, FL

PURPOSE: TO MEET THE HEALTHCARE NEEDS OF THE COMMUNITY.

$2,562,724

BETHESDA HEALTH COMPREHENSIVE IMAGING SERVICES INC

Org PageRecipient Profile

Boynton Beach, FL

PURPOSE: TO MEET THE HEALTHCARE NEEDS OF THE COMMUNITY.

$447,722
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Bethesda Hospital Foundation Inc has recieved totaling $23,392.

Awarding OrganizationAmount
George T & Joan M Beck Foundation Inc

Ocean Ridge, FL

PURPOSE: GENERAL

$18,392
Ponagansett Foundation Inc

Harrison, NY

PURPOSE: GENERAL SUPPORT

$5,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$26,826,958
Earnings$5,366,289
Other Expense$284,466
Ending Balance$31,908,781

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