Skip to content
Nonprofiteer
← SOUTHEASTERN HEALTHCARE FOUNDATION

Form 990 for tax year 2022

Filed by SOUTHEASTERN HEALTHCARE FOUNDATION.

Totals

Total revenue
$6,490,771
Total expenses
$6,218,055
Contributions and grants received
$0
Grants paid
$783,460
Program service revenue
$6,226,052
Investment income
$264,719
Other revenue
$0
Total assets, end of year
$17,751,659
Total liabilities, end of year
$14,382,239
Net assets or fund balances, end of year
$3,369,420
Program services expenses (Part IX)
$6,218,055
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$6,218,055

Program services were 100.0% 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.

  • 2a · Program service revenue: REIMBURSEMENTS RECEIVED FROM AFFILIATES

    total $6,226,052 · related or exempt $6,226,052

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $264,719 · excluded $264,719

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $783,460 · program services $783,460

  • 11g · Fees: other

    total $779,094 · program services $779,094 · management and general $0 · fundraising $0

  • 13 · Office expenses

    total $74,546 · program services $74,546

  • 16 · Occupancy

    total $118,346 · program services $118,346

  • 19 · Conferences, conventions and meetings

    total $9,395 · program services $9,395

  • 24a · Other expenses: Expenses paid on behalf of affiliates

    total $4,397,445 · program services $4,397,445

  • 24b · Other expenses: MEDICAL SUPPLIES

    total $55,019 · program services $55,019

  • 24c · Other expenses: Dues/Subscriptions/Memberships

    total $750 · program services $750

  • 24e · All other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $16,482,720 · end of year $17,657,609

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 10a · Land, buildings and equipment: cost or other basis

    $0

  • 10b · Land, buildings and equipment: accumulated depreciation

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $27,751 · end of year $94,050

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,104,048 · end of year $3,000,000

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $11,309,719 · end of year $11,382,239

  • 27 · Net assets without donor restrictions

    beginning of year $3,096,704 · end of year $3,369,420

Mission and programs · 2022

Mission

SOUTHEASTERN HEALTHCARE FOUNDATION, INC. SUPPORTS THE MISSION OF SHANDS TEACHING HOSPITAL AND CLINICS, INC. AND THE UNIVERSITY OF FLORIDA COLLEGE OF MEDICINE.

Activities or mission (Part I)

SOUTHEASTERN HEALTHCARE FOUNDATION, INC. SUPPORTS THE MISSION OF SHANDS TEACHING HOSPITAL AND CLINICS, INC ("STHC") AND THE UNIVERSITY OF FLORIDA COLLEGE OF MEDICINE.

  • SOUTHEASTERN HEALTHCARE FOUNDATION, INC. PROVIDES AID AND SUPPORT TO SHANDS TEACHING HOSPITAL AND CLINICS, INC ("STHC"), A RELATED TAX-EXEMPT ORGANIZATION, TO HELP STHC FURTHER ITS MISSION OF IMPROVING INDIVIDUAL AND COMMUNITY HEALTH THROUGH DISCOVERY, CLINICAL AND TRANSLATIONAL SCIENCE AND TECHNOLOGY, EXCEPTIONAL EDUCATION, AND PATIENT-CENTERED, INNOVATIVE, HIGH-QUALITY HEALTH CARE.

    Expenses $6,218,055 · Grants $783,460 · Revenue $6,226,052

As filed on the 2022 return.

Listed in Part VII

  • Bradley Pollitt

    Secretary/Director/STHC VP Facilities Development

    Total calculated
    $459,612
    From this org
    $0
    From related orgs
    $411,042
    Other
    $48,570
    Hours/week
    0.5 + 49.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $318,543 related
    Bonus
    $0 + $62,000 related
    Other
    $0 + $30,499 related
    Deferred
    $0 + $24,400 related
    Nontaxable benefits
    $0 + $24,170 related
    Filer's total
    $0 + $459,612 related

  • David Nelson MD

    President/Director/UF SVP Health Affairs

    Total calculated
    $1,617,963
    From this org
    $0
    From related orgs
    $1,566,779
    Other
    $51,184
    Hours/week
    0.5 + 49.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,201,967 related
    Bonus
    $0 + $360,000 related
    Other
    $0 + $4,812 related
    Deferred
    $0 + $28,609 related
    Nontaxable benefits
    $0 + $22,575 related
    Filer's total
    $0 + $1,617,963 related

  • Edward Jimenez

    Chairman/Director/CEO Shands Teaching Hospital & Clinics (thru July 2022)

    Total calculated
    $2,938,115
    From this org
    $0
    From related orgs
    $2,899,973
    Other
    $38,142
    Hours/week
    0.5 + 49.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $623,811 related
    Bonus
    $0 + $363,242 related
    Other
    $0 + $1,912,920 related
    Deferred
    $0 + $24,400 related
    Nontaxable benefits
    $0 + $13,742 related
    Filer's total
    $0 + $2,938,115 related

  • James J Kelly Jr

    INTERIM CEO (BEG AUG 2022); SVP/CFO/TREASURER/Director

    Total calculated
    $977,638
    From this org
    $0
    From related orgs
    $939,771
    Other
    $37,867
    Hours/week
    0.5 + 49.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $710,988 related
    Bonus
    $0 + $146,900 related
    Other
    $0 + $81,883 related
    Deferred
    $0 + $21,350 related
    Nontaxable benefits
    $0 + $16,517 related
    Filer's total
    $0 + $977,638 related

  • Christopher Cowen

    Director/UF SVP and CFO (Partial Year)

    Total calculated
    $851,749
    From this org
    $0
    From related orgs
    $748,858
    Other
    $102,891
    Hours/week
    0.5 + 49.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $728,138 related
    Bonus
    $0 + $20,720 related
    Other
    $0
    Deferred
    $0 + $90,945 related
    Nontaxable benefits
    $0 + $11,946 related
    Filer's total
    $0 + $851,749 related

  • Colleen Koch MD

    Director/UF College of Medicine Dean

    Total calculated
    $1,080,301
    From this org
    $0
    From related orgs
    $1,041,689
    Other
    $38,612
    Hours/week
    0.5 + 49.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $862,166 related
    Bonus
    $0 + $173,400 related
    Other
    $0 + $6,123 related
    Deferred
    $0 + $16,099 related
    Nontaxable benefits
    $0 + $22,513 related
    Filer's total
    $0 + $1,080,301 related

  • Scott Sumner

    Director (Beg Feb 2023)/ UF CHIEF OF FINANCE AND ADMIN

    Total calculated
    $420,074
    From this org
    $0
    From related orgs
    $364,302
    Other
    $55,772
    Hours/week
    0.5 + 49.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $336,683 related
    Bonus
    $0 + $25,000 related
    Other
    $0 + $2,619 related
    Deferred
    $0 + $32,120 related
    Nontaxable benefits
    $0 + $23,652 related
    Filer's total
    $0 + $420,074 related

  • Thomas William Young ESQ

    Director/ STHC CLO

    Total calculated
    $478,609
    From this org
    $0
    From related orgs
    $418,420
    Other
    $60,189
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    $0 + $332,533 related
    Bonus
    $0 + $83,125 related
    Other
    $0 + $2,762 related
    Deferred
    $0 + $32,157 related
    Nontaxable benefits
    $0 + $28,032 related
    Filer's total
    $0 + $478,609 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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 4a · Severance or change-of-control payment

Answered no

  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings

The filer's explanations (Part III)

Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation
The organization's Top Management Officials are Edward Jimenez and James Kelly. COMPENSATION OF THE ORGANIZATION'S TOP MANAGEMENT OFFICIALs IS DETERMINED AND PAID BY SHANDS TEACHING HOSPITAL AND CLINICS, INC. ("STHC"), A RELATED TAX-EXEMPT ORGANIZATION. STHC UTILIZED THE FOLLOWING METHODS TO ESTABLISH COMPENSATION OF THE TOP MANAGEMENT OFFICIAL: -Compensation committee -Independent compensation consultant -Form 990 of other organizations -Compensation survey or study -Approval by the board or compensation committee
Schedule J, Part I, Line 4a Severance or change-of-control payment
THE FOLLOWING INDIVIDUALS RECEIVED SEVERANCE PAYMENTS FROM A RELATED ORGANIZATION DURING CALENDAR YEAR 2022: EDWARD JIMENEZ - $1,638,750

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

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.

Provenance

Return type
form_990
Tax year
2022
Filed
15 May 2024
IRS schema version
2022v5.0
Source object
202421369349310847

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.