Florida International University Academic Health Center Health Care
- Assets
- $12.7m
- Revenue
- $11.7m
- Investments
- $0.0
- Employees
- 0
- Location
- Miami, FL
- Founding
- 07/2010
- Data as of
- 06/2022
- EIN
- 80-0151379
Organization Overview
Florida International University Academic Health Center Health Care is located in Miami, FL. The organization was established in 2010. According to its NTEE Classification (B50) the organization is classified as: Graduate & Professional Schools, under the broad grouping of Education and related organizations. This organization is an itermediate organization (such as a geographic headquarters) for a national or regional group of organizations. Florida International University Academic Health Center Health Care 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 06/2022, Florida International University Academic Health Center Health Care generated $11.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.2% each year . All expenses for the organization totaled $9.2m during the year ending 06/2022. While expenses have increased by 15.1% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE EDUCATIONALLY ORIENTED CLINICAL PRACTICE SETTINGS AND OPPORTUNITIES FOR THE BENEFIT OF THE FLORIDA INTERNATIONAL UNIVERSITY (FIU) AND THE FIU HERBERT WERTHEIM COLLEGE OF MEDICINE (HWCOM) AS AN INTEGRAL PART OF FACULTY CLINICAL PRACTICE, MEDICAL EDUCATION, AND STUDENT CLINICAL SERVICES. ACTIVITIES FOR THE YEAR INCLUDE BUT ARE NOT LIMITED TO PAYOR CONTRACTING, BILLING AND COLLECTIONS, CLINICAL CREDENTIALING, FINANCIAL REPORTING, AND PROCESS IMPROVEMENT ACTIVITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN ADDITION TO MANAGEMENT SERVICE OVERSIGHT, THE CLINICS PROVIDED OVER 16,563 SERVICE VISITS DURING THE FISCAL YEAR ENDING JUNE 2022.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Armando Guerra Fiu Bot Designee | OfficerTrustee | 1 | $0 |
Betsy Atkins Director | OfficerTrustee | 1 | $0 |
Divina Grossman Director | Trustee | 1 | $0 |
Frederick Anderson Director | Trustee | 1 | $0 |
Elizabeth Bejar Director | Trustee | 1 | $0 |
Aime Martinez Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Luis Del Prado Md Pa Clinical Rotations | 6/29/22 | $275,000 |
Virtual Officeware De Llc Clinical Software Vendor | 6/29/22 | $301,533 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| 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 | $0 |
| Total Program Service Revenue | $10,897,186 |
| Investment income | $197,152 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $597,296 |
| 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 | $11,691,634 |
| 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 | $41,293 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,230 |
| Fees for services: Other | $5,209,546 |
| Advertising and promotion | $16,130 |
| Office expenses | $14,249 |
| Information technology | $376,521 |
| Royalties | $0 |
| Occupancy | $89,946 |
| Travel | $11,614 |
| 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 | $3,292,098 |
| Depreciation, depletion, and amortization | $5,000 |
| Insurance | $315 |
| All other expenses | $0 |
| Total functional expenses | $9,244,508 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,518,272 |
| Savings and temporary cash investments | $975,231 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $992,907 |
| 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 | $14,224 |
| Net Land, buildings, and equipment | $26,232 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,168,994 |
| Total assets | $12,695,860 |
| Accounts payable and accrued expenses | $370,450 |
| Grants payable | $0 |
| Deferred revenue | $540,985 |
| 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 | $6,710,993 |
| Total liabilities | $7,622,428 |
| Net assets without donor restrictions | $0 |
| 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 | $5,073,432 |
| Total liabilities and net assets/fund balances | $12,695,860 |