Sharp Memorial Hospital
- Assets
- $4.0b
- Revenue
- $1.5b
- Investments
- $698.3k
- Employees
- 0
- Location
- San Diego, CA
- Founding
- 01/1984
- Data as of
- 09/2023
- EIN
- 95-3782169
Organization Overview
Sharp Memorial Hospital is located in San Diego, CA. The organization was established in 1984. According to its NTEE Classification (E20) the organization is classified as: Hospitals, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sharp Memorial Hospital 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, Sharp Memorial Hospital generated $1.5b in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.9% each year. All expenses for the organization totaled $1.3b during the year ending 09/2023. While expenses have increased by 3.8% 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, Sharp Memorial Hospital has awarded 56 individual grants totaling $6,381,280. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
SHARP MEMORIAL HOSPITAL PROVIDES COMPREHENSIVE MEDICAL SERVICES TO THE SAN DIEGO COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SHARP MEMORIAL HOSPITAL PROVIDES INPATIENT AND OUTPATIENT HEALTHCARE SERVICES TO THE COMMUNITY. FOR FISCAL YEAR 2023, PATIENT DAYS TOTALED 194,775 AND OUTPATIENT VISITS TOTALED 330,423. SEE COMMUNITY BENEFITS REPORT ON SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed President & CEO Shc | OfficerTrustee | 1 | $0 |
Name Not Listed Secretary As Of 08/2023 | OfficerTrustee | 2 | $11,250 |
Name Not Listed Chair Thru 08/2023 | OfficerTrustee | 2 | $0 |
Name Not Listed Chair As Of 08/2023, Past Secretary | OfficerTrustee | 2 | $0 |
Name Not Listed Treasurer As Of 08/2023 | OfficerTrustee | 2 | $0 |
Name Not Listed SVP Market CEO As Of 10/30/2022 | OfficerTrustee | 50 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $11,652,947 |
| Government grants | $831,196 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $3,421 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $12,484,143 |
| Total Program Service Revenue | $1,451,086,908 |
| Investment income | $37,043,369 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $37,763,973 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,539,570,652 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $697,026 |
| Grants and other assistance to domestic individuals. | $56,828 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $3,813,180 |
| Compensation of current officers, directors, key employees. | $1,783,968 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $530,278,522 |
| Pension plan accruals and contributions | $20,594,995 |
| Other employee benefits | $63,623,354 |
| Payroll taxes | $38,674,289 |
| Fees for services: Management | $34,581,609 |
| Fees for services: Legal | $2,682,163 |
| Fees for services: Accounting | $13,657,810 |
| Fees for services: Lobbying | $131,741 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $977,593 |
| Fees for services: Other | $92,759,244 |
| Advertising and promotion | $9,178,990 |
| Office expenses | $36,953,927 |
| Information technology | $68,104,580 |
| Royalties | $0 |
| Occupancy | $26,450,472 |
| Travel | $324,848 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $863,513 |
| Interest | $4,376,204 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $42,948,241 |
| Insurance | $5,792,319 |
| All other expenses | $4,897,789 |
| Total functional expenses | $1,318,965,927 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,909,029 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $364,391,169 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $19,975,697 |
| Prepaid expenses and deferred charges | $8,086,687 |
| Net Land, buildings, and equipment | $517,791,926 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $698,290 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,044,471,353 |
| Total assets | $3,959,324,151 |
| Accounts payable and accrued expenses | $113,596,643 |
| 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 | $301,333,136 |
| Total liabilities | $414,929,779 |
| Net assets without donor restrictions | $3,544,394,372 |
| 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 | $3,959,324,151 |
Grants Awarded
Over the last fiscal year, Sharp Memorial Hospital has awarded $677,922 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
ALZHEIMER'S SAN DIEGO PURPOSE: 2023 Partnership | $31,500 |
LIFE ROLLS ON FOUNDATION PURPOSE: Annual Sponsorship | $12,000 |
SAN DIEGO CREW CLASSIC PURPOSE: Annual Sponsorship | $10,000 |
CALIFORNIA HEALTH FOUNDATION & TRUST PURPOSE: Medi-Cal Program | $599,422 |
AMERICAN HEART ASSOCIATION PURPOSE: Pledge Go Red for Women | $25,000 |