Baptist Health Of South Florida Inc
- Assets
- $7.6b
- Revenue
- $1.1b
- Investments
- $0.0
- Employees
- 5,715
- Location
- Coral Gables, FL
- Founding
- 01/1992
- Data as of
- 09/2023
- EIN
- 65-0267668
Organization Overview
Baptist Health Of South Florida Inc is located in Coral Gables, FL. The organization was established in 1992. 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 09/2023, Baptist Health Of South Florida Inc employed 5,715 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Baptist Health Of South Florida 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 09/2023, Baptist Health Of South Florida Inc generated $1.1b in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.8% each year. All expenses for the organization totaled $1.5b during the year ending 09/2023. While expenses have increased by 11.0% per year over the past 8 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, Baptist Health Of South Florida Inc has awarded 819 individual grants totaling $1,514,241,730. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
SEE FORM 990, PART III, LINE 1
Describe the Organization's Program Activity:
SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Trustee | Trustee | 2 | $0 |
Name Not Listed Trustee | Trustee | 2 | $7,167 |
Name Not Listed Trustee | Trustee | 2 | $35 |
Name Not Listed Former CEO & President, Trustee - Beg 10/2022 | Trustee | 2 | $4,854,289 |
Name Not Listed Trustee | Trustee | 2 | $0 |
Name Not Listed Trustee | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cerner Corporation Software Support | 9/29/23 | $25,702,696 |
Microsoft Corporation Software Support | 9/29/23 | $19,238,219 |
Republica Havas Llc Marketing Services | 9/29/23 | $13,929,565 |
Capgemini America Inc Software Support | 9/29/23 | $11,480,525 |
Prosys Information Systems Inc Software Support | 9/29/23 | $11,303,080 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $4,462,870 |
| Government grants | $14,718 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,477,588 |
| Total Program Service Revenue | $977,249,736 |
| Investment income | $67,042,806 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $10,217,655 |
| Net Gain/Loss on Asset Sales | $30,685,119 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,102,432,278 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $295,771,622 |
| 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. | $14,050,228 |
| Compensation of current officers, directors, key employees. | $14,050,228 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $467,604,085 |
| Pension plan accruals and contributions | $17,711,809 |
| Other employee benefits | $57,140,908 |
| Payroll taxes | $31,364,683 |
| Fees for services: Management | $4,151,299 |
| Fees for services: Legal | $8,349,402 |
| Fees for services: Accounting | $1,952,200 |
| Fees for services: Lobbying | $569,902 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $10,982,987 |
| Fees for services: Other | $77,299,298 |
| Advertising and promotion | $47,961,504 |
| Office expenses | $5,068,651 |
| Information technology | $223,907,373 |
| Royalties | $0 |
| Occupancy | $20,375,493 |
| Travel | $2,040,072 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $54,744 |
| Interest | $13,581,595 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $48,004,510 |
| Insurance | $98,441,705 |
| All other expenses | $2,357,146 |
| Total functional expenses | $1,478,455,923 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $74,989,643 |
| Savings and temporary cash investments | $3,490,244 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $383,494 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $56,196,376 |
| Inventories for sale or use | $25,366,984 |
| Prepaid expenses and deferred charges | $69,878,816 |
| Net Land, buildings, and equipment | $438,212,505 |
| Investments—publicly traded securities | $3,379,583,080 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $112,156 |
| Other assets | $3,552,413,620 |
| Total assets | $7,600,626,918 |
| Accounts payable and accrued expenses | $331,378,399 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $1,018,994 |
| 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 | $1,475,051,986 |
| Total liabilities | $1,807,449,379 |
| Net assets without donor restrictions | $5,621,849,636 |
| Net assets with donor restrictions | $171,327,903 |
| 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 | $7,600,626,918 |
Grants Awarded
Over the last fiscal year, Baptist Health Of South Florida Inc has awarded $295,514,994 in support to 129 organizations.
| Grant Recipient | Amount |
|---|---|
211 PALM BEACH TREASURE COAST INC PURPOSE: Funding for Help Me Grow and Special Needs programs | $30,000 |
305 PINK PACK INC PURPOSE: Transportation for women and childcare assistance to address barriers to accessing care. | $25,000 |
AGAPE NETWORK PURPOSE: Funding for support of behavioral health. | $150,000 |
AMERICAN CANCER SOCIETY PURPOSE: Sponsorship for Making Strides Against Breast Cancer events. | $25,000 |
AUTISM SOCIETY OF THE KEYS PURPOSE: Autism support for Monroe County | $20,000 |
BE THE MATCH FOUNDATION PURPOSE: Support for Bounce Back from Cancer event. | $10,000 |