Sharp Healthcare
- Assets
- $5.3b
- Revenue
- $1.7b
- Investments
- $18.8m
- Employees
- 14,265
- Location
- San Diego, CA
- Founding
- 03/1957
- Data as of
- 09/2021
- EIN
- 95-6077327
Organization Overview
Sharp Healthcare is located in San Diego, CA. The organization was established in 1957. 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 09/2021, Sharp Healthcare employed 14,265 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sharp Healthcare 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 09/2021, Sharp Healthcare generated $1.7b in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.7% each year. All expenses for the organization totaled $1.9b during the year ending 09/2021. While expenses have increased by 4.7% 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.
Since 2015, Sharp Healthcare has awarded 54 individual grants totaling $1,197,959. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION'S PRIMARY EXEMPT PURPOSE IS TO PROVIDE ADMINISTRATIVE SUPPORT TO ITS TAX-EXEMPT SUBSIDIARIES. IN ADDITION, OUTPATIENT SERVICES ARE PROVIDED TO PATIENTS WITHIN THE GREATER SAN DIEGO AREA THROUGH MULTISPECIALTY MEDICAL GROUP PRACTICES. COMMUNITY MEMBERS ARE OFFERED A NUMBER OF BENEFIT SERVICES TO ASSIST THEM IN OBTAINING TREATMENT, AND INFORMATION IS PROVIDED ON TOPICS RANGING FROM DISEASE PREVENTION TO IMPROVEMENT OF HEALTH STATUS.
Describe the Organization's Program Activity:
SHARP HEALTHCARE OPERATES A NUMBER OF OUTPATIENT CLINICS THROUGHOUT SAN DIEGO COUNTY WHICH PROVIDE OUTPATIENT AND URGENT CARE SERVICES TO THE COMMUNITY. TOTAL PATIENT VISITS WERE 1,994,368 FOR THE TWELVE MONTHS ENDED 9/30/2021.
SHARP HEALTHCARE PROVIDES ADMINISTRATIVE SUPPORT TO ITS SUBSIDIARIES. ITS GENERAL PURPOSE IS TO PROMOTE HEALTHCARE THROUGH SUPPORTING AND/OR OPERATING ITS SUBSIDIARIES.
SEE COMMUNITY BENEFIT REPORT ON SCHEDULE O.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Director As Of 6/1/2021 | Trustee | 4 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sharp Rees-stealy Medical Group Medical Services | 9/29/21 | $47,807,296 |
Sodexho & Affiliates Management/catering | 9/29/21 | $72,633,596 |
Dpr Construction Construction | 9/29/21 | $31,947,960 |
Mccarthy Building Companies Medical Services | 9/29/21 | $31,166,581 |
Emergency & Acute Care Medical Services | 9/29/21 | $29,245,453 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $3,011,163 |
| Government grants | $7,045,547 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $7,800 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,056,710 |
| Total Program Service Revenue | $1,468,788,495 |
| Investment income | $56,234,460 |
| Tax Exempt Bond Proceeds | $39 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $139,650,542 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,723,734,140 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $155,087 |
| 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. | $7,151,434 |
| Compensation of current officers, directors, key employees. | $7,151,434 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $454,634,501 |
| Pension plan accruals and contributions | $19,065,123 |
| Other employee benefits | $67,646,103 |
| Payroll taxes | $32,230,128 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,668,472 |
| Fees for services: Accounting | $735,779 |
| Fees for services: Lobbying | $16,500 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,866,966 |
| Fees for services: Other | $552,048,154 |
| Advertising and promotion | $4,701,724 |
| Office expenses | $33,916,908 |
| Information technology | $97,914,642 |
| Royalties | $0 |
| Occupancy | $33,214,573 |
| Travel | $170,316 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $8,122,849 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $35,550,514 |
| Insurance | $4,080,182 |
| All other expenses | $6,138,867 |
| Total functional expenses | $1,879,739,547 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $358,203 |
| Savings and temporary cash investments | $352,951,444 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $60,309,190 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $2,253,234 |
| Inventories for sale or use | $18,858,234 |
| Prepaid expenses and deferred charges | $54,498,625 |
| Net Land, buildings, and equipment | $484,018,379 |
| Investments—publicly traded securities | $3,137,204,076 |
| Investments—other securities | $18,812,344 |
| Investments—program-related | $103,641,426 |
| Intangible assets | $0 |
| Other assets | $1,092,712,132 |
| Total assets | $5,325,617,287 |
| Accounts payable and accrued expenses | $289,275,575 |
| Grants payable | $0 |
| Deferred revenue | $1,245,194 |
| Tax-exempt bond liabilities | $1,201,700,303 |
| 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 | $3,647,756,268 |
| Total liabilities | $5,139,977,340 |
| Net assets without donor restrictions | $100,685,052 |
| Net assets with donor restrictions | $84,954,895 |
| 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 | $5,325,617,287 |
Grants Awarded
Over the last fiscal year, Sharp Healthcare has awarded $114,637 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
San Diego, CA PURPOSE: Corp work study program sponsorship | $32,600 |
Sacramento, CA PURPOSE: 2021 Sustaining Supporter Donation | $25,000 |
San Diego, CA PURPOSE: Future of Nursing Scholarships | $16,667 |
San Diego, CA PURPOSE: Challenge Match - Power to Thrive Campaign 2021 Sponsorship | $15,000 |
San Diego, CA PURPOSE: Sponsorship | $10,000 |
San Diego, CA PURPOSE: Director of the Year 2020/2021 sponsorship | $9,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Sharp Healthcare has recieved totaling $10,700.
| Awarding Organization | Amount |
|---|---|
Nellie T Perkins Foundation Phoenix, AZ PURPOSE: CHARITABLE | $10,700 |
Endowment Analysis
| Beg. Balance | $13,157,329 |
| Earnings | $593,918 |
| Net Contributions | $682,346 |
| Other Expense | $8,000 |
| Grants | $117,331 |
| Ending Balance | $14,308,262 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Adventist Health System-West Roseville, CA | $3,327,906,475 | $789,421,387 |
Loma Linda Mercantile Loma Linda, CA | $5,623,174 | $892,472,678 |
Northbay Healthcare Group Fairfield, CA | $886,687,386 | $685,543,580 |
Health Care La Ipa Thousand Oaks, CA | $137,239,241 | $468,769,852 |
Legacy Health Portland, OR | $2,251,797,785 | $316,347,594 |
Banner-University Care Advantage Phoenix, AZ | $98,937,833 | $318,721,179 |
Community Hospitals Of Central California Fresno, CA | $153,264,006 | $240,202,775 |
Scottsdale Healthcare Corp Scottsdale, AZ | $207,971,546 | $191,671,427 |
Renown Health Reno, NV | $1,033,752,208 | $203,266,795 |
Hawaii Pacific Health Honolulu, HI | $964,668,065 | $186,549,374 |
Pacific Central Coast Health Centers San Francisco, CA | $98,611,320 | $151,805,152 |
Arch Health Partners Inc Poway, CA | $55,148,296 | $114,017,124 |