Totals
- Total revenue
- $5,323,921
- Total expenses
- $8,281,349
- Contributions and grants received
- $4,804,085
- Grants paid
- $7,756,325
- Program service revenue
- $0
- Investment income
- $489,331
- Other revenue
- $30,505
- Total assets, end of year
- $38,411,505
- Total liabilities, end of year
- $1,638,147
- Net assets or fund balances, end of year
- $36,773,358
- Program services expenses (Part IX)
- $7,756,325
- Management and general expenses
- $256,890
- Fundraising expenses
- $268,134
- Program service expenses (Part III)
- $7,756,325
Program services were 93.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1a · Federated campaigns
$791,913
-
1c · Fundraising events
$145,950
-
1f · All other contributions, gifts and grants
$3,866,222
-
1g · Noncash contributions included above
$118,195
-
3 · Investment income
total $908,980 · excluded $908,980
-
7a · Gross sales of assets other than inventory
securities $16,876,838
-
7b · Less cost or other basis and sales expenses
securities $17,296,487
-
7c · Gain or loss
securities -$419,649
-
7d · Net gain or loss
total -$419,649 · excluded -$419,649
-
8a · Fundraising events: gross income
$80,872
-
8a · Fundraising events: contributions included on line 1c
$145,950
-
8b · Fundraising events: direct expenses
$50,367
-
8c · Net income from fundraising events
total $30,505 · excluded $30,505
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $7,560,130 · program services $7,560,130
-
2 · Grants to domestic individuals
total $196,195 · program services $196,195
-
11c · Fees: accounting
total $4,800 · management and general $4,800
-
11f · Fees: investment management
total $78,822 · management and general $78,822
-
11g · Fees: other
total $230,012 · management and general $100,638 · fundraising $129,374
-
12 · Advertising and promotion
total $76,931 · management and general $34,210 · fundraising $42,721
-
17 · Travel
total $1,062 · management and general $1,062
-
24a · Other expenses: RECOGNITION
total $96,803 · management and general $764 · fundraising $96,039
-
24b · Other expenses: UNCOLLECTIBLE PLEDGES
total $31,351 · management and general $31,351
-
24c · Other expenses: EDUCATIONAL SUPPLIES
total $2,946 · management and general $2,946
-
24d · Other expenses: EQUIPMENT RENTAL
total $1,246 · management and general $1,246
-
24e · All other expenses
total $1,051 · management and general $1,051
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $838,354 · end of year $1,307,505
-
2 · Savings and temporary cash investments
beginning of year $9,024,745 · end of year $8,420,654
-
3 · Pledges and grants receivable
beginning of year $902,638 · end of year $857,465
-
9 · Prepaid expenses and deferred charges
beginning of year $133,392 · end of year $201,841
-
10a · Land, buildings and equipment: cost or other basis
$66,067
-
10b · Land, buildings and equipment: accumulated depreciation
$66,067
-
10c · Land, buildings and equipment, net
beginning of year $0 · end of year $0
-
11 · Investments: publicly traded securities
beginning of year $22,711,867 · end of year $27,624,040
-
15 · Other assets
beginning of year $23,511 · end of year $0
-
17 · Accounts payable and accrued expenses
beginning of year $212,529 · end of year $318,373
-
25 · Other liabilities
beginning of year $999,587 · end of year $1,319,774
-
27 · Net assets without donor restrictions
beginning of year $10,986,060 · end of year $13,086,752
-
28 · Net assets with donor restrictions
beginning of year $21,436,331 · end of year $23,686,606
Mission and programs · 2023
Mission
TO UNDERWRITE THE COSTS OF EQUIPMENT, PROGRAMS, OR SERVICES PROVIDED BY SOUTH BROWARD HOSPITAL DISTRICT AND PROVIDE FUNDING FOR EDUCATIONAL, RECREATIONAL, AND THERAPEUTIC PROGRAMS FOR ITS PATIENTS AND FAMILIES.
Activities or mission (Part I)
MEMORIAL FOUNDATION WAS ESTABLISHED IN 1981 TO PROVIDE PHILANTHROPIC SUPPORT TO MEMORIAL HEALTHCARE SYSTEM WHOSE MISSION IS TO HEAL THE BODY, MIND, AND SPIRIT OF THOSE WE TOUCH. EVERY DONATION RECEIVED HELPS TO ENSURE THAT QUALITY, COST EFFECTIVE, PATIENT-AND-FAMILY FOCUSED HEALTH CARE IS PROVIDED TO ALL, REGARDLESS OF ABILITY TO PAY.DURING THE FISCAL YEAR, THE FOUNDATION FUNDED CAPITAL PROJECTS, VARIOUS PROGRAMS AND PROVIDED SUPPORT TO PATIENTS AND FAMILIES.
-
PROVIDE FUNDING TO SOUTH BROWARD HOSPITAL DISTRICT TO PURCHASE MEDICAL EQUIPMENT AND MAKE RENOVATIONS.
Expenses $5,582,500 · Grants $5,582,500
-
PROVIDE FUNDING FOR EDUCATIONAL, THERAPEUTIC AND RECREATIONAL ACTIVITIES TO PATIENTS OF SOUTH BROWARD HOSPITAL DISTRICT.
Expenses $1,859,905 · Grants $1,859,905
-
PROVIDE FUNDING FOR INDIGENT PATIENTS.
Expenses $196,195 · Grants $196,195
-
PROVIDE FUNDING FOR HEALTHCARE SERVICES FOR MEDICAL RESEARCH.
Expenses $117,725 · Grants $117,725
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Brett RoseBRETT ROSE
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 3 + 3 related
-
Andrew J GreenfieldANDREW J GREENFIELD
IMMEDIATE PAST CHAIRMAN
- Total calculated
- $0
- Hours/week
- 2 + 2 related
-
Beth-Ann KrimskyBETH-ANN KRIMSKY
1ST VICE CHAIRMAN
- Total calculated
- $0
- Hours/week
- 2 + 2 related
-
Allan BudelmanALLAN BUDELMAN
2ND VICE CHAIRMAN
- Total calculated
- $0
- Hours/week
- 2 + 2 related
-
Elden LegauxELDEN LEGAUX
TREASURER
- Total calculated
- $0
- Hours/week
- 2 + 2 related
-
Susanne Cornfeld HurowitzSUSANNE CORNFELD HUROWITZ
SECRETARY
- Total calculated
- $0
- Hours/week
- 2 + 2 related
-
R Doug GawrychR DOUG GAWRYCH
AT LARGE MEMBER
- Total calculated
- $0
- Hours/week
- 2 + 2 related
-
Sean DevineySEAN DEVINEY
AT LARGE MEMBER
- Total calculated
- $0
- Hours/week
- 2 + 2 related
-
M Richard AuberbachM RICHARD AUBERBACH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Nina BeauchesneNINA BEAUCHESNE
EX-OFFICIO
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Steven BeckerSTEVEN BECKER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Kenneth B BiermanKENNETH B BIERMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Adam BlombergADAM BLOMBERG
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Amy Share BrennanAMY SHARE BRENNAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Amaury CifuentesAMAURY CIFUENTES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Douglas J CollierDOUGLAS J COLLIER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Linda CookeLINDA COOKE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Joseph EpsteinJOSEPH EPSTEIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Mitchell EisenbergMITCHELL EISENBERG
DIRECTOR EMERITUS
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Alberto FernandezALBERTO FERNANDEZ
DIRECTOR UNTIL 3/23
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Benjamin J FreedmanBENJAMIN J FREEDMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Toby GrayTOBY GRAY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Gregory GreeneGREGORY GREENE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Atif HusseinATIF HUSSEIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Elizabeth JustenELIZABETH JUSTEN
EX-OFFICIO
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Dara K LevanDARA K LEVAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Christopher McFarlaneCHRISTOPHER MCFARLANE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Matthew MuhartMATTHEW MUHART
EX-OFFICIO
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Holly NevilleHOLLY NEVILLE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Thomas R OliveriTHOMAS R OLIVERI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Tiffany PancieraTIFFANY PANCIERA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Alberto PeisachALBERTO PEISACH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Karen PrangeKAREN PRANGE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Frank SchollFRANK SCHOLL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Seth SiegelSETH SIEGEL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Stuart SiegelSTUART SIEGEL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Caitlin StellaCAITLIN STELLA
EX-OFFICIO
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Marcia TabatchnickMARCIA TABATCHNICK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Benjamin A TobiasBENJAMIN A TOBIAS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Richard TorenRICHARD TOREN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
K Scott WesterK SCOTT WESTER
EX-OFFICIO
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Kevin JanserKEVIN JANSER
PRESIDENT
- Total calculated
- $0
- Hours/week
- 20 + 20 related
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
-
GENERAL SUPPORT
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
FLORIDA COMMUNITY HEALTH NETWORK CORP
501(C)(3) · SUPPORT CHARITABLE ACTIVITIES OF MEMORIAL FOUNDATION, INC. · FL · controlled entity
Directly controlled by MEMORIAL FOUNDATION INC
-
ATLANTIC COAST ASC HOLDING COMPANY INC
501(C)(3) · SUPPORT CHARITABLE ACTIVITIES OF FLORIDA COMMUNITY HEALTH NETWORK CORP · FL · controlled entity
Directly controlled by FLORIDA COMMUNITY HEALTH NETWORK CORP
-
501(C)(3) · MAJORITY GENERAL PARTNER IN AMBULATORY SURGICAL CENTER · FL · controlled entity
Directly controlled by ATLANTIC COAST ASC HOLDING COMPANY INC
-
JOE DIMAGGIO CHILDREN'S HOSPITAL FOUNDATION
501(C)(3) · SUPPORT CHARITABLE ACTIVITIES OF JOE DIMAGGIO CHILDREN'S HOSPITAL · FL · controlled entity
Directly controlled by MEMORIAL FOUNDATION INC
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Related partnerships
Part III: related organizations taxable as a partnership, with the filer's share.
-
AMBULATORY SURGICAL FACILITY OF SOUTH FLORIDA LLP
OPERATING AND/OR MANAGING AMBULATORY SURGICAL · FL · general or managing partner
-
SBE HOLDINGS LLC
MEMBER OF SOUTH BROWARD ENDOSCOPY, LLC · FL · general or managing partner
-
COHEN MEDICAL ASSOCIATES LLC
PRIMARY CARE MEDICAL PRACTICE · FL · general or managing partner
-
HALLANDALE OUTPATIENT SURGICAL CENTER LTD
OPERATE AMBULATORY SURGERY CENTER · FL · general or managing partner
-
CYPRESS CREEK OUTPATIENT SURGICAL CENTER HOLDING COMPANY LLC
HOLDING COMPANY · FL · general or managing partner
-
AMSURG FCHN ASC VENTURES LLC
HOLDING COMPANY · FL · general or managing partner
-
COHEN MEDICAL RESEARCH ASSOCIATES LLC
CLINICAL TRIALS RESEARCH · FL · general or managing partner
-
MHS STAFFING RESOURCES LLC
TEMPORARY STAFFING SERVICES · FL · general or managing partner
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
ATLANTIC COAST HOLDINGS INC
C · INVESTMENT IN HEALTH CARE VENTURES · FL · controlled entity
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 16 August 2024
- IRS schema version
- 2023v5.1
- Source object
- 202402399349301315
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