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← SOUTHEASTERN HEALTHCARE FOUNDATION

Form 990 for tax year 2023

Filed by SOUTHEASTERN HEALTHCARE FOUNDATION.

Totals

Total revenue
$7,071,193
Total expenses
$6,788,928
Contributions and grants received
$0
Grants paid
$2,329,076
Program service revenue
$6,802,330
Investment income
$268,863
Other revenue
$0
Total assets, end of year
$8,853,714
Total liabilities, end of year
$5,202,029
Net assets or fund balances, end of year
$3,651,685
Program services expenses (Part IX)
$6,788,928
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$6,788,928

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 $6,802,330 · related or exempt $6,802,330

  • 2f · All other program service revenue

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

  • 3 · Investment income

    total $268,863 · excluded $268,863

  • 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 $2,329,076 · program services $2,329,076

  • 11g · Fees: other

    total $1,254,159 · program services $1,254,159 · management and general $0 · fundraising $0

  • 12 · Advertising and promotion

    total $2,608 · program services $2,608

  • 13 · Office expenses

    total $105,119 · program services $105,119

  • 16 · Occupancy

    total $139,747 · program services $139,747

  • 19 · Conferences, conventions and meetings

    total $27,127 · program services $27,127

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

    total $2,890,866 · program services $2,890,866

  • 24b · Other expenses: MEDICAL SUPPLIES

    total $39,729 · program services $39,729

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

    total $497 · program services $497

  • 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 $17,657,609 · end of year $8,520,772

  • 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 $94,050 · end of year $332,942

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,000,000 · end of year $3,007,759

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $11,382,239 · end of year $2,194,270

  • 27 · Net assets without donor restrictions

    beginning of year $3,369,420 · end of year $3,651,685

Mission and programs · 2023

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 $6,788,928 · Grants $2,329,076 · Revenue $6,802,330

As filed on the 2023 return.

Listed in Part VII

  • Bradley Pollitt

    Secretary/Director (Thru Feb 2024)/STHC VP Facilities Development

    Total calculated
    $451,311
    From this org
    $0
    From related orgs
    $406,322
    Other
    $44,989
    Hours/week
    0.5 + 49.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $264,710 related
    Bonus
    $0 + $67,200 related
    Other
    $0 + $74,412 related
    Deferred
    $0 + $25,020 related
    Nontaxable benefits
    $0 + $19,969 related
    Filer's total
    $0 + $451,311 related

  • David Nelson MD

    President/Director/UF SVP Health Affairs

    Total calculated
    $1,291,515
    From this org
    $0
    From related orgs
    $1,233,849
    Other
    $57,666
    Hours/week
    0.5 + 50.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,229,037 related
    Bonus
    $0
    Other
    $0 + $4,812 related
    Deferred
    $0 + $32,769 related
    Nontaxable benefits
    $0 + $24,897 related
    Filer's total
    $0 + $1,291,515 related

  • James J Kelly Jr

    INTERIM STHC CEO (THRU MARCH 2024) / Director

    Total calculated
    $1,341,262
    From this org
    $0
    From related orgs
    $1,297,368
    Other
    $43,894
    Hours/week
    0.5 + 50.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $847,811 related
    Bonus
    $0 + $295,100 related
    Other
    $0 + $154,457 related
    Deferred
    $0 + $26,400 related
    Nontaxable benefits
    $0 + $17,494 related
    Filer's total
    $0 + $1,341,262 related

  • Kent Bailey

    Treasurer/Director (Beg April 2024)/ VP Finance STHC

    Total calculated
    $0
    Hours/week
    0.5 + 49.5 related

  • Stephen Motew MD

    Chairman & President/CEO UF Health (beg April 2024)

    Total calculated
    $0
    Hours/week
    0.5 + 47 related

  • Colleen Koch MD

    Director/UF College of Medicine Dean (THRU JAN 2024)

    Total calculated
    $1,083,309
    From this org
    $0
    From related orgs
    $1,041,815
    Other
    $41,494
    Hours/week
    0.5 + 49.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $862,292 related
    Bonus
    $0 + $173,400 related
    Other
    $0 + $6,123 related
    Deferred
    $0 + $17,439 related
    Nontaxable benefits
    $0 + $24,055 related
    Filer's total
    $0 + $1,083,309 related

  • Jennifer Hunt MD

    DIRECTOR (Beg Jan 2024)/Interim Dean, UF College of Medicine

    Total calculated
    $744,891
    From this org
    $0
    From related orgs
    $699,726
    Other
    $45,165
    Hours/week
    0.5 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $641,154 related
    Bonus
    $0 + $54,900 related
    Other
    $0 + $3,672 related
    Deferred
    $0 + $16,264 related
    Nontaxable benefits
    $0 + $28,901 related
    Filer's total
    $0 + $744,891 related

  • Scott Sumner

    Director (thru Feb 2024)/ UF College of Medicine CFO

    Total calculated
    $396,087
    From this org
    $0
    From related orgs
    $339,201
    Other
    $56,886
    Hours/week
    0.5 + 49.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $336,582 related
    Bonus
    $0
    Other
    $0 + $2,619 related
    Deferred
    $0 + $33,133 related
    Nontaxable benefits
    $0 + $23,753 related
    Filer's total
    $0 + $396,087 related

  • Thomas William Young ESQ

    Director/ STHC CLO

    Total calculated
    $510,722
    From this org
    $0
    From related orgs
    $453,991
    Other
    $56,731
    Hours/week
    1 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $355,290 related
    Bonus
    $0 + $95,800 related
    Other
    $0 + $2,901 related
    Deferred
    $0 + $29,109 related
    Nontaxable benefits
    $0 + $27,622 related
    Filer's total
    $0 + $510,722 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

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 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 COMPENSATION OF THE ORGANIZATION'S TOP MANAGEMENT OFFICIAL 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 -Compensation survey or study -Approval by the board or compensation committee

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.

  • CF MANAGEMENT ADMINISTRATIVE COMPANY LLC

    N/A · Healthcare · FL

    Directly controlled by NA

  • CARE DELIVERY ALLIANCE LLC

    N/A · PHYSICIAN-HOSPITAL ORGANIZATION · FL

    Directly controlled by NA

  • UF HEALTH SOUTH CENTRAL LLC

    N/A · Health Services Joint Venture · FL

    Directly controlled by NA

  • FLORIDA GLOBAL FIXED INCOME FUND LLC

    N/A · Investments · FL

    Directly controlled by NA

  • CENTRAL FLORIDA CARDIOVASCULAR CO-MANAGEMENT COMPANY LLC

    N/A · HEALTHCARE · FL

    Directly controlled by NA

Related corporations and trusts

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

  • FLAGLER HEALTH SERVICES INC

    C Corporation · REAL ESTATE LEASING · FL

    Directly controlled by NA

  • HEALTH PARK OWNERS ASSOCIATION

    C Corporation · PROPERTY MANAGEMENT · FL

    Directly controlled by NA

  • ANDERSON GIBBS CONDOMINIUM ASSOCIATION

    C Corporation · PROPERTY MANAGEMENT · FL

    Directly controlled by NA

  • FLAGLER PROFESSIONAL HEALTH CARE SERVICES

    C Corporation · HEALTHCARE · FL

    Directly controlled by NA

Provenance

Return type
form_990
Tax year
2023
Filed
15 May 2025
IRS schema version
2023v6.0
Source object
202511359349306116

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