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Nonprofiteer
← SOUTH FLORIDA BAPTIST HOSPITAL FOUNDATION INC

Form 990 for tax year 2024

Filed by SOUTH FLORIDA BAPTIST HOSPITAL FOUNDATION INC.

Totals

Total revenue
$2,988,461
Total expenses
$522,818
Contributions and grants received
$682,783
Grants paid
$194,842
Program service revenue
$0
Investment income
$2,283,618
Other revenue
$22,060
Total assets, end of year
$16,709,393
Total liabilities, end of year
$147,883
Net assets or fund balances, end of year
$16,561,510
Program services expenses (Part IX)
$244,651
Management and general expenses
$126,817
Fundraising expenses
$151,350
Program service expenses (Part III)
$244,651

Program services were 46.8% 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.

  • 1c · Fundraising events

    $233,436

  • 1d · Related organizations

    $76,500

  • 1f · All other contributions, gifts and grants

    $372,847

  • 1g · Noncash contributions included above

    $51,782

  • 2f · All other program service revenue

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

  • 3 · Investment income

    total $401,800 · excluded $401,800

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    securities $1,881,818

  • 7c · Gain or loss

    securities $1,881,818 · other assets $0

  • 7d · Net gain or loss

    total $1,881,818 · excluded $1,881,818

  • 8a · Fundraising events: gross income

    $51,025

  • 8a · Fundraising events: contributions included on line 1c

    $233,436

  • 8b · Fundraising events: direct expenses

    $30,965

  • 8c · Net income from fundraising events

    total $20,060 · excluded $20,060

  • 9a · Gaming: gross income

    $2,000

  • 9c · Net income from gaming

    total $2,000 · excluded $2,000

  • 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 $194,842 · program services $194,842

  • 5 · Compensation of officers, directors and key employees

    total $165,286 · program services $33,057 · management and general $49,586 · fundraising $82,643

  • 7 · Other salaries and wages

    total $21,482 · program services $554 · management and general $7,848 · fundraising $13,080

  • 8 · Pension plan contributions

    total $3,716 · program services $743 · management and general $1,115 · fundraising $1,858

  • 9 · Other employee benefits

    total $4,678 · program services $4,678

  • 10 · Payroll taxes

    total $10,194 · program services $2,039 · management and general $3,058 · fundraising $5,097

  • 11f · Fees: investment management

    total $29,764 · management and general $29,764

  • 11g · Fees: other

    total $48,747 · program services $0 · management and general $27,813 · fundraising $20,934

  • 13 · Office expenses

    total $34,740 · program services $6,697 · management and general $4,276 · fundraising $23,767

  • 16 · Occupancy

    total $7,313 · program services $1,463 · management and general $2,194 · fundraising $3,656

  • 24a · Other expenses: DONOR RELATIONS

    total $2,056 · program services $578 · management and general $1,163 · fundraising $315

  • 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 $1,940,883 · end of year $814,774

  • 3 · Pledges and grants receivable

    beginning of year $2,199,651 · end of year $1,565,825

  • 4 · Accounts receivable

    beginning of year $0 · end of year $8,574

  • 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

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,500 · end of year $1,500

  • 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

  • 11 · Investments: publicly traded securities

    beginning of year $9,624,716 · end of year $12,679,679

  • 12 · Investments: other securities

    beginning of year $1,376,000 · end of year $1,564,000

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $75,041

  • 17 · Accounts payable and accrued expenses

    beginning of year $16,492 · end of year $38,516

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $40,066 · end of year $109,367

  • 27 · Net assets without donor restrictions

    beginning of year $8,504,837 · end of year $12,156,516

  • 28 · Net assets with donor restrictions

    beginning of year $6,581,355 · end of year $4,404,994

Mission and programs · 2024

Mission

South Florida Baptist Hospital Foundation, Inc. supports South Florida Baptist Hospital in carrying out its community mission by promoting and procuring philanthropic support, practicing prudent fiscal management, and continually assessing the hospital's short term and long range capital needs.

Activities or mission (Part I)

South Florida Baptist Hospital Foundation, Inc. supports South Florida Baptist Hospital ("SFBH") in carrying out its community mission.

  • In 2024, South Florida Baptist Hospital (SFBH) and the South Florida Baptist Hospital Foundation (SFBHF) truly had one priority, to open a brand-new hospital to replace our existing legacy hospital. The existing hospital had served the community for the last 70 years, but the need for expansion had outgrown the original location. So, BayCare Health System approved a $326M new hospital to be built in the Plant City Community. We broke ground in 2021 and opened August 10, 2024. Even though the entire capital expense was the responsibility of BayCare the SFBHF raised over $5,000,000 (2022 - 2024) to support the hospital's departments and to provide innovative new medical equipment. Continued on Schedule O

    Expenses $208,888 · Grants $166,360

  • The Foundation Board of Directors approved $7,832 in scholarship programs to support education and training awards for deserving high school students and hospital team members. These awards are used to pursue college degrees in health-related fields, nursing degrees and to attend conferences to advance skill sets. Additionally, the Foundation continued to provide support to team members in need through the Team Member Emergency Assistance fund. In 2024, $4,208 in grants were made on behalf of team members in financial need.

    Expenses $15,118 · Grants $12,040

  • In 2024, the Foundation Board of Directors continued to support the Wellness on Wheels program with a $10,000 grant. This program, which is funded by the Foundation's annual Children's Classic Golf Tournament, brings medical care to the community, serving communities that are most at risk and in need. Additionally, another $1,805 was used to purchase furniture and accessories for the Cancer Resource Center.

    Expenses $14,823 · Grants $11,805

  • Withheld by Nonprofiteer: this text may name a private individual.

    Expenses $5,822 · Grants $4,637

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here. A text marked withheld matched a screen for wording that may name a private individual, such as an honorific or "in memory of". Most of what it withholds names no one; it is withheld so that what does is never shown.

Listed in Part VII

  • Jack Peacock

    TRUSTEE/VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Jana Butler

    EX-OFFICIO/EXECUTIVE DIRECTOR FOUNDATION-SFB

    Total calculated
    $165,286
    From this org
    $128,317
    From related orgs
    $0
    Other
    $36,969
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $111,192
    Bonus
    $9,823
    Other
    $7,302
    Deferred
    $6,496
    Nontaxable benefits
    $30,473
    Filer's total
    $165,286

  • Sherrie Mueller

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    1

  • William Morrow

    TRUSTEE/PRESIDENT

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Al Whitaker

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Brian West

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Bruce Rodwell

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Buffy Astin

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Carmen Brownlee

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Coleman Davis

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Diane Brewington

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Dub McGinnes

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • George Banning

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Gulab Sher

    TRUSTEE

    Total calculated
    $10,500
    From this org
    $0
    From related orgs
    $10,500
    Other
    $0
    Hours/week
    1

  • James Bartlett

    EX-OFFICIO/MEDICAL STAFF PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Jim Scott

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • John Dicks

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • Judy Martin

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Karen Kerr

    EX-OFFICIO/PRESIDENT SFBH

    Total calculated
    $584,572
    From this org
    $0
    From related orgs
    $513,382
    Other
    $71,190
    Hours/week
    1 + 46 related

    Schedule J breakdown matched by us

    Base
    $0 + $294,129 related
    Bonus
    $0 + $106,982 related
    Other
    $0 + $112,271 related
    Deferred
    $0 + $36,985 related
    Nontaxable benefits
    $0 + $34,205 related
    Filer's total
    $0 + $584,572 related

  • Kim McElveen

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Ray Wood

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Raymond Cliburn

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Rhett Rollyson

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Ronald Wetherington

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Steve Howard

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Sylvia Knox

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Walter McDonald

    EX-OFFICIO/AUXILIAN PRESIDENT

    Total calculated
    $0
    Hours/week
    1

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

  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 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
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation
The filing organization does not use any of the options listed in Schedule J, Part I, line 3 to establish the compensation of the Executive Director. However, the affiliated organization, BayCare Health System Inc., uses a compensation committee, independent compensation consultant, written employment contract, compensation survey or study, and approval by the board or compensation committee as a means to establish the compensation of the Executive Director of the filing organization.
Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan
BayCare Health System provides two nonqualified deferred compensation plans to executive level employees: Executive Nonqualified Defined Contribution Plan The plan provides for annual credits of a specified percentage of an eligible participant's eligible compensation paid in a plan year and interest credits. Plan participants vest in increasing percentages based on years of service. Further, a participant shall become fully vested upon the participant's death, total and permanent disability or due to involuntary separation of employment other than for cause, or upon reaching retirement age. Payments made during employment are made for required tax withholding and reduce the participant's account balance. Distribution of the vested account balance occurs upon termination of employment. The plan is frozen for the participants hired after 1.1.2018. Supplemental Executive Retirement Plan The plan provides for annual credits to the participant's company contribution account of a specified percentage of an eligible participant's eligible compensation paid in a plan year and investment income credits. Plan participants vest on January 1 of the fifth Plan Year following the Plan Year for which the contribution was made. Further, a participant shall become fully vested upon the participant's death, total and permanent disability or due to involuntary separation of employment other than for cause, or upon reaching retirement age. Distribution of the vested amounts shall be made no later than the earlier of 90 days following the date the amounts become vested or the March 15th following the Plan Year in which the participant became vested. Amounts accrued, vested and distributed for plan participants are provided below. KAREN KERR - PARTICIPATED IN A SUPPLEMENTAL NONQUALIFIED DEFERRED COMPENSATION PLAN. SHE HAD $55,788 IN BENEFITS VEST IN 2024. THIS AMOUNT IS INCLUDED IN PART II (B)(III) OTHER COMPENSATION. THE PLAN MADE CASH DISTRIBUTION OF $21,953 IN 2024.

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.

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.

  • CARILLON SURGERY CENTER

    N/A · Surgery Center · FL

    Directly controlled by NA

  • BayCare Purchasing Partners LLC

    N/A · Group Purchasing · FL

    Directly controlled by NA

  • BayCare Surgery Center LLC

    N/A · Surgery Center · FL

    Directly controlled by NA

  • Tampa Minimally Invasive Spine Surgery Center LLC

    N/A · Surgery Center · FL

    Directly controlled by NA

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • Bay Linen Inc

    C Corporation · Laundry Services · FL

    Directly controlled by NA

  • BCHS Insurance Ltd

    C Corporation · Insurance Captive · CJ

    Directly controlled by NA

  • GLOBAL HEALTH CARE INC

    C Corporation · HEALTH SERVICES · FL

    Directly controlled by NA

  • HEALTHPOINT MEDICAL GROUP INC

    C Corporation · Holding Company · FL

    Directly controlled by NA

  • Medspecialists Inc

    C Corporation · Payroll Services · FL

    Directly controlled by NA

  • MFP INC

    C Corporation · COLLECTIONS · FL

    Directly controlled by NA

  • MORTON PLANT HEALTH VENTURES INC

    C Corporation · HEALTH SERVICES · FL

    Directly controlled by NA

Provenance

Return type
form_990
Tax year
2024
Filed
15 November 2025
IRS schema version
2024v5.1
Source object
202523199349302857

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