Sarasota Memorial Healthcare Foundation

Together We Strengthen Healthcare

Sarasota, FL | WWW.SMHF.ORG

Donate

GuideStar Charity Check

EIN: 51-0188568

Contributions tax deductible
as of March 2023

IRS BMF 509(a)(1)
as of March 13, 2023

View summary

Charity Check report

Mission

Sarasota Memorial Healthcare Foundation is the philanthropic partner that helps Sarasota Memorial Health Care System bring world-class healthcare to our community. Since 1976, our supporters have helped enhance patient care, facilities and technology, and to support ongoing clinical education and medical research.

Ruling year info

1978

President

Stacey Corley

Main address

1515 South Osprey Ave., Ste B4

Sarasota, FL 34239 USA

Show more contact info

EIN

51-0188568

Subject area info

Health

Community health care

Community mental health care

Population served info

Children and youth

Adults

Economically disadvantaged people

People with diseases and illnesses

NTEE code info

Fund Raising and/or Fund Distribution (E12)

IRS subsection

501(c)(3) Public Charity

IRS filing requirement

This organization is required to file an IRS Form 990 or 990-EZ.

Tax forms

Show Forms 990

Communication

Programs and results

Reports and documents

What we aim to solve

This profile needs more info.

If it is your nonprofit, add a problem overview.

Our programs

SOURCE: Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

Sarasota Memorial Health Care System

Sarasota Memorial Healthcare Foundation is proud to partner with Sarasota Memorial Health Care System. Grants made by the Healthcare Foundation support patient care, research, education, technology and facilities at Sarasota Memorial.

Through the support of our community, the Healthcare Foundation has helped to ensure that Sarasota Memorial ranks among the best health systems in the nation. Thanks to our generous donors, the Healthcare Foundation has recently provided grants for:
• Behavioral Health programs
• Breast Health diagnostics and patient resources
• Cancer Care programs
• Cardiac Nurse Navigator program
• Community Specialty Clinic
• Employee education, professional development, and health and wellness programs
• Facility upgrades and equipment
• Music Therapy program and other patient care
• RENEW community wellness program
• Women’s Cancer Care research

Population(s) Served

Adults

Children and youth

People with diseases and illnesses

Economically disadvantaged people

Emergency responders

Where we work

External reviews

Photos

Videos

Our results

SOURCE: Self-reported by organization

How does this organization measure their results? It's a hard question but an important one.

Total number of grants awarded

Totals By Year

Population(s) Served

People with diseases and illnesses, Adults, Children and youth, Economically disadvantaged people

Related Program

Sarasota Memorial Health Care System

Type of Metric

Output - describing our activities and reach

Direction of Success

Increasing

Context Notes

Average grant amount

Totals By Year

Population(s) Served

People with diseases and illnesses, Adults, Children and youth, Economically disadvantaged people

Related Program

Sarasota Memorial Health Care System

Type of Metric

Output - describing our activities and reach

Direction of Success

Increasing

Context Notes

Total dollar amount of grants awarded

Totals By Year

Population(s) Served

People with diseases and illnesses, Adults, Children and youth, Economically disadvantaged people

Related Program

Sarasota Memorial Health Care System

Type of Metric

Output - describing our activities and reach

Direction of Success

Increasing

Context Notes

Financials

Sarasota Memorial Healthcare Foundation

Fiscal year: Oct 01 - Sep 30

Financial documents

Yes, financials were audited by an independent accountant.

Revenue vs. expenses: breakdown

SOURCE: IRS Form 990

NET GAIN/LOSS: in

Note: When component data are not available, the graph displays the total Revenue and/or Expense values.

Liquidity in 2020

SOURCE: IRS Form 990

5.15

Average of 4.47 over 10 years

Months of cash in 2020

SOURCE: IRS Form 990

10

Average of 5.9 over 10 years

Fringe rate in 2020

SOURCE: IRS Form 990

13%

Average of 16% over 10 years

Funding sources

Source: IRS Form 990

Assets & liabilities

Source: IRS Form 990

Financial data

Source: IRS Form 990

Digitizing IRS form 990 data

Sarasota Memorial Healthcare Foundation

Revenue & expenses

Fiscal Year: Oct 01 - Sep 30

SOURCE: IRS Form 990

Fiscal year ending: Download Data

Revenue
Contributions	$1,400,498
Government Grants	$0
Program Services	$0
Investments	($3,082,847)
Special Events	$18,830
Sales	$0
Other	$5,533
Total Revenue	($1,657,986)

Expenses
Program Services	$2,354,617
Administration	$622,984
Fundraising	$754,747
Total Expenses	$3,732,348
Net Gain/Loss	($5,390,334)

Functional expenses
Accounting Fees	$10,305
Advertising & Promotion	$98,131
Information Technology Expenses	$0
Insurance Expenses	$0
Interest Expenses	$0
Investment Management Fees	$25,202
Legal Fees	$4,189
Pension Plan Contributions	$0
Professional Fundraising Expenses	$0

Revenue
Contributions	$7,047,594
Government Grants	$0
Program Services	$0
Investments	$800,378
Special Events	$66,882
Sales	$0
Other	$4,676
Total Revenue	$7,919,530

Expenses
Program Services	$3,856,324
Administration	$635,684
Fundraising	$773,874
Total Expenses	$5,265,882
Net Gain/Loss	$2,653,648

Functional expenses
Accounting Fees	$19,455
Advertising & Promotion	$71,708
Information Technology Expenses	$0
Insurance Expenses	$10,016
Interest Expenses	$0
Investment Management Fees	$10,312
Legal Fees	$7,348
Pension Plan Contributions	$0
Professional Fundraising Expenses	$0

Revenue
Contributions	$6,387,290
Government Grants	$0
Program Services	$0
Investments	$463,246
Special Events	$43,319
Sales	$0
Other	$4,231
Total Revenue	$6,898,086

Expenses
Program Services	$4,937,039
Administration	$666,559
Fundraising	$866,699
Total Expenses	$6,470,297
Net Gain/Loss	$427,789

Functional expenses
Accounting Fees	$19,430
Advertising & Promotion	$86,753
Information Technology Expenses	$0
Insurance Expenses	$9,145
Interest Expenses	$0
Investment Management Fees	$11,762
Legal Fees	$7,197
Pension Plan Contributions	$0
Professional Fundraising Expenses	$0

Revenue
Contributions	$3,114,426
Government Grants	$0
Program Services	$0
Investments	$1,324,182
Special Events	$8,186
Sales	$0
Other	$16
Total Revenue	$4,446,810

Expenses
Program Services	$4,375,333
Administration	$703,937
Fundraising	$825,029
Total Expenses	$5,904,299
Net Gain/Loss	($1,457,489)

Functional expenses
Accounting Fees	$20,070
Advertising & Promotion	$85,596
Information Technology Expenses	$0
Insurance Expenses	$9,946
Interest Expenses	$0
Investment Management Fees	$11,434
Legal Fees	$12,280
Pension Plan Contributions	$0
Professional Fundraising Expenses	$0

Revenue
Contributions	$3,584,695
Government Grants	$0
Program Services	$0
Investments	$1,131,904
Special Events	$49,436
Sales	$0
Other	$13,235
Total Revenue	$4,779,270

Expenses
Program Services	$1,720,413
Administration	$725,377
Fundraising	$952,792
Total Expenses	$3,398,582
Net Gain/Loss	$1,380,688

Functional expenses
Accounting Fees	$19,465
Advertising & Promotion	$81,049
Information Technology Expenses	$0
Insurance Expenses	$9,472
Interest Expenses	$0
Investment Management Fees	$13,572
Legal Fees	$11,771
Pension Plan Contributions	$0
Professional Fundraising Expenses	$0

Revenue
Contributions	$4,073,382
Government Grants	$0
Program Services	$0
Investments	$2,051,902
Special Events	$142,076
Sales	$0
Other	$66
Total Revenue	$6,267,426

Expenses
Program Services	$4,780,946
Administration	$808,343
Fundraising	$996,979
Total Expenses	$6,586,268
Net Gain/Loss	($318,842)

Functional expenses
Accounting Fees	$20,475
Advertising & Promotion	$80,902
Information Technology Expenses	$0
Insurance Expenses	$9,609
Interest Expenses	$0
Investment Management Fees	$14,769
Legal Fees	$10,808
Pension Plan Contributions	$0
Professional Fundraising Expenses	$0

Revenue
Contributions	$8,906,006
Government Grants	$0
Program Services	$0
Investments	$2,649,743
Special Events	($66,495)
Sales	$0
Other	$91
Total Revenue	$11,489,345

Expenses
Program Services	$7,333,848
Administration	$897,399
Fundraising	$963,792
Total Expenses	$9,195,039
Net Gain/Loss	$2,294,306

Functional expenses
Accounting Fees	$21,110
Advertising & Promotion	$115,056
Information Technology Expenses	$0
Insurance Expenses	$10,196
Interest Expenses	$0
Investment Management Fees	$15,161
Legal Fees	$18,454
Pension Plan Contributions	$0
Professional Fundraising Expenses	$0

Revenue
Contributions	$3,577,471
Government Grants	$0
Program Services	$0
Investments	$573,680
Special Events	($30,177)
Sales	$0
Other	$1,576
Total Revenue	$4,122,550

Expenses
Program Services	$2,106,947
Administration	$1,097,166
Fundraising	$1,165,247
Total Expenses	$4,369,360
Net Gain/Loss	($246,810)

Functional expenses
Accounting Fees	$21,720
Advertising & Promotion	$114,523
Information Technology Expenses	$0
Insurance Expenses	$10,693
Interest Expenses	$0
Investment Management Fees	$13,478
Legal Fees	$89,947
Pension Plan Contributions	$0
Professional Fundraising Expenses	$0

Revenue
Contributions	$3,470,963
Government Grants	$0
Program Services	$0
Investments	$1,392,235
Special Events	$16,481
Sales	$0
Other	$8,914
Total Revenue	$4,888,593

Expenses
Program Services	$2,462,719
Administration	$1,050,932
Fundraising	$1,073,637
Total Expenses	$4,587,288
Net Gain/Loss	$301,305

Functional expenses
Accounting Fees	$22,365
Advertising & Promotion	$105,963
Information Technology Expenses	$0
Insurance Expenses	$11,101
Interest Expenses	$0
Investment Management Fees	$13,355
Legal Fees	$16,085
Pension Plan Contributions	$0
Professional Fundraising Expenses	$85,949

Revenue
Contributions	$10,074,172
Government Grants	$0
Program Services	$0
Investments	$2,515,236
Special Events	($77,522)
Sales	$0
Other	$28,791
Total Revenue	$12,540,677

Expenses
Program Services	$5,572,226
Administration	$986,919
Fundraising	$1,834,933
Total Expenses	$8,394,078
Net Gain/Loss	$4,146,599

Functional expenses
Accounting Fees	$23,035
Advertising & Promotion	$170,728
Information Technology Expenses	$0
Insurance Expenses	$12,625
Interest Expenses	$0
Investment Management Fees	$13,347
Legal Fees	$18,925
Pension Plan Contributions	$0
Professional Fundraising Expenses	$180,931

Revenue
Contributions	$14,336,477
Government Grants	$0
Program Services	$0
Investments	$2,045,658
Special Events	($202,381)
Sales	$0
Other	$137,448
Total Revenue	$16,317,202

Expenses
Program Services	$5,342,854
Administration	$1,169,001
Fundraising	$1,782,782
Total Expenses	$8,294,637
Net Gain/Loss	$8,022,565

Functional expenses
Accounting Fees	$23,775
Advertising & Promotion	$187,797
Information Technology Expenses	$0
Insurance Expenses	$16,423
Interest Expenses	$0
Investment Management Fees	$23,405
Legal Fees	$33,026
Pension Plan Contributions	$7,317
Professional Fundraising Expenses	$146,153

Revenue
Contributions	$40,908,480
Government Grants	$0
Program Services	$0
Investments	$6,449,632
Special Events	($10,857)
Sales	$0
Other	$66,129
Total Revenue	$47,413,384

Expenses
Program Services	$5,831,233
Administration	$1,263,063
Fundraising	$1,834,134
Total Expenses	$8,928,430
Net Gain/Loss	$38,484,954

Functional expenses
Accounting Fees	$26,000
Advertising & Promotion	$170,011
Information Technology Expenses	$0
Insurance Expenses	$16,607
Interest Expenses	$0
Investment Management Fees	$16,211
Legal Fees	$49,152
Pension Plan Contributions	$44,568
Professional Fundraising Expenses	$142,351

Sarasota Memorial Healthcare Foundation

Balance sheet

Fiscal Year: Oct 01 - Sep 30

SOURCE: IRS Form 990

The balance sheet gives a snapshot of the financial health of an organization at a particular point in time. An organization's total assets should generally exceed its total liabilities, or it cannot survive long, but the types of assets and liabilities must also be considered. For instance, an organization's current assets (cash, receivables, securities, etc.) should be sufficient to cover its current liabilities (payables, deferred revenue, current year loan, and note payments). Otherwise, the organization may face solvency problems. On the other hand, an organization whose cash and equivalents greatly exceed its current liabilities might not be putting its money to best use.

Fiscal year ending: Download Data

Assets	Oct 01, 2008	Sep 30, 2009	Change
Contributions	$1,400,498
Cash & Equivalents	$1,283,520	$1,529,819	$246,299
Accounts Receivable	$0	$0	$0
Pledges & Grants Receivable	$586,472	$445,849	($140,623)
Receivable, Other	$0	$0	$0
Inventories for Sale or Use	$0	$0	$0
Investment, Securities	$24,148,457	$21,748,505	($2,399,952)
Investment, Other	$0	$0	$0
Fixed Assets (LBE - Depreciation)	$128,857	$117,852	($11,005)
Other	$3,661,809	$3,461,903	($199,906)
Total Assets	$29,809,115	$27,303,928	($2,505,187)

Liabilities	Oct 01, 2008	Sep 30, 2009	Change
Accounts Payable	$40,569	$37,942	($2,627)
Grants Payable	$1,935,388	$2,402,758	$467,370
Deferred Revenue	$0	$0	$0
Loans and Notes	$0	$0	$0
Tax-Exempt Bond Liabilities	$0	$0	$0
Other	$616,987	$582,220	($34,767)
Total Liabilities	$2,592,944	$3,022,920	$429,976

Fund balance	Oct 01, 2008	Sep 30, 2009	Change
Temporarily Restricted Net Assets	$5,979,316	$4,956,118	($1,023,198)
Permanently Restricted Net Assets	$6,205,071	$6,217,940	$12,869
Total Restricted Net Assets	$12,184,387	$11,174,058	($1,010,329)
Unrestricted Net Assets	$15,031,784	$13,106,950	($1,924,834)
Net Assets	$27,216,171	$24,281,008	($2,935,163)

Assets	Oct 01, 2009	Sep 30, 2010	Change
Contributions	$7,047,594
Cash & Equivalents	$1,529,819	$717,444	($812,375)
Accounts Receivable	$0	$0	$0
Pledges & Grants Receivable	$445,849	$2,521,109	$2,075,260
Receivable, Other	$0	$0	$0
Inventories for Sale or Use	$0	$0	$0
Investment, Securities	$21,748,505	$23,873,317	$2,124,812
Investment, Other	$0	$0	$0
Fixed Assets (LBE - Depreciation)	$117,852	$107,980	($9,872)
Other	$3,461,903	$6,635,468	$3,173,565
Total Assets	$27,303,928	$33,855,318	$6,551,390

Liabilities	Oct 01, 2009	Sep 30, 2010	Change
Accounts Payable	$37,942	$31,289	($6,653)
Grants Payable	$2,402,758	$5,011,537	$2,608,779
Deferred Revenue	$0	$0	$0
Loans and Notes	$0	$0	$0
Tax-Exempt Bond Liabilities	$0	$0	$0
Other	$582,220	$3,178,387	$2,596,167
Total Liabilities	$3,022,920	$8,221,213	$5,198,293

Fund balance	Oct 01, 2009	Sep 30, 2010	Change
Temporarily Restricted Net Assets	$4,956,118	$3,391,853	($1,564,265)
Permanently Restricted Net Assets	$6,217,940	$6,656,533	$438,593
Total Restricted Net Assets	$11,174,058	$10,048,386	($1,125,672)
Unrestricted Net Assets	$13,106,950	$15,585,719	$2,478,769
Net Assets	$24,281,008	$25,634,105	$1,353,097

Assets	Oct 01, 2010	Sep 30, 2011	Change
Contributions	$6,387,290
Cash & Equivalents	$717,444	$3,316,812	$2,599,368
Accounts Receivable	$0	$0	$0
Pledges & Grants Receivable	$2,521,109	$2,684,675	$163,566
Receivable, Other	$0	$0	$0
Inventories for Sale or Use	$0	$0	$0
Investment, Securities	$23,873,317	$23,560,610	($312,707)
Investment, Other	$0	$0	$0
Fixed Assets (LBE - Depreciation)	$107,980	$91,435	($16,545)
Other	$6,635,468	$5,929,246	($706,222)
Total Assets	$33,855,318	$35,582,778	$1,727,460

Liabilities	Oct 01, 2010	Sep 30, 2011	Change
Accounts Payable	$31,289	$39,648	$8,359
Grants Payable	$5,011,537	$7,604,300	$2,592,763
Deferred Revenue	$0	$0	$0
Loans and Notes	$0	$0	$0
Tax-Exempt Bond Liabilities	$0	$0	$0
Other	$3,178,387	$2,641,371	($537,016)
Total Liabilities	$8,221,213	$10,285,319	$2,064,106

Fund balance	Oct 01, 2010	Sep 30, 2011	Change
Temporarily Restricted Net Assets	$3,391,853	$3,124,603	($267,250)
Permanently Restricted Net Assets	$6,656,533	$6,896,254	$239,721
Total Restricted Net Assets	$10,048,386	$10,020,857	($27,529)
Unrestricted Net Assets	$15,585,719	$15,276,602	($309,117)
Net Assets	$25,634,105	$25,297,459	($336,646)

Assets	Oct 01, 2011	Sep 30, 2012	Change
Contributions	$3,114,426
Cash & Equivalents	$3,316,812	$1,388,546	($1,928,266)
Accounts Receivable	$0	$0	$0
Pledges & Grants Receivable	$2,684,675	$2,567,433	($117,242)
Receivable, Other	$0	$0	$0
Inventories for Sale or Use	$0	$0	$0
Investment, Securities	$23,560,610	$25,639,183	$2,078,573
Investment, Other	$0	$0	$0
Fixed Assets (LBE - Depreciation)	$91,435	$78,324	($13,111)
Other	$5,929,246	$6,085,568	$156,322
Total Assets	$35,582,778	$35,759,054	$176,276

Liabilities	Oct 01, 2011	Sep 30, 2012	Change
Accounts Payable	$39,648	$41,112	$1,464
Grants Payable	$7,604,300	$4,011,094	($3,593,206)
Deferred Revenue	$0	$0	$0
Loans and Notes	$0	$0	$0
Tax-Exempt Bond Liabilities	$0	$0	$0
Other	$2,641,371	$2,866,550	$225,179
Total Liabilities	$10,285,319	$6,918,756	($3,366,563)

Fund balance	Oct 01, 2011	Sep 30, 2012	Change
Temporarily Restricted Net Assets	$3,124,603	$4,674,987	$1,550,384
Permanently Restricted Net Assets	$6,896,254	$7,013,748	$117,494
Total Restricted Net Assets	$10,020,857	$11,688,735	$1,667,878
Unrestricted Net Assets	$15,276,602	$17,151,563	$1,874,961
Net Assets	$25,297,459	$28,840,298	$3,542,839

Assets	Oct 01, 2012	Sep 30, 2013	Change
Contributions	$3,584,695
Cash & Equivalents	$1,388,546	$2,063,391	$674,845
Accounts Receivable	$0	$0	$0
Pledges & Grants Receivable	$2,567,433	$2,626,620	$59,187
Receivable, Other	$0	$0	$0
Inventories for Sale or Use	$0	$0	$0
Investment, Securities	$25,639,183	$27,761,574	$2,122,391
Investment, Other	$0	$0	$0
Fixed Assets (LBE - Depreciation)	$78,324	$263,457	$185,133
Other	$6,085,568	$3,673,679	($2,411,889)
Total Assets	$35,759,054	$36,388,721	$629,667

Liabilities	Oct 01, 2012	Sep 30, 2013	Change
Accounts Payable	$41,112	$40,397	($715)
Grants Payable	$4,011,094	$3,565,679	($445,415)
Deferred Revenue	$0	$0	$0
Loans and Notes	$0	$0	$0
Tax-Exempt Bond Liabilities	$0	$0	$0
Other	$2,866,550	$338,542	($2,528,008)
Total Liabilities	$6,918,756	$3,944,618	($2,974,138)

Sarasota Memorial Healthcare Foundation

Financial trends analysis Glossary & formula definitions

Fiscal Year: Oct 01 - Sep 30

SOURCE: IRS Form 990

This snapshot of Sarasota Memorial Healthcare Foundation’s financial trends applies Nonprofit Finance Fund® analysis to data hosted by GuideStar. While it highlights the data that matter most, remember that context is key – numbers only tell part of any story.

Created in partnership with

Fiscal year: Oct 01 - Sep 30 View full report Download data

Business model indicators

Profitability	2016	2017	2018	2019	2020
Unrestricted surplus (deficit) before depreciation	-$114,302	$1,494,234	-$799,205	-$1,706,514	-$2,115,493
As % of expenses	-2.7%	33.2%	-9.6%	-20.7%	-23.8%
Unrestricted surplus (deficit) after depreciation	-$201,148	$1,402,317	-$873,493	-$1,758,634	-$2,166,556
As % of expenses	-4.6%	30.6%	-10.4%	-21.2%	-24.3%

Revenue composition
Total revenue (unrestricted & restricted)	$4,122,550	$4,888,593	$12,540,677	$16,317,202	$47,413,384
Total revenue, % change over prior year	-64.1%	18.6%	156.5%	30.1%	190.6%
Program services revenue	0.0%	0.0%	0.0%	0.0%	0.0%
Membership dues	0.0%	0.0%	0.0%	0.0%	0.0%
Investment income	17.2%	9.1%	5.8%	7.4%	1.5%
Government grants	0.0%	0.0%	0.0%	0.0%	0.0%
All other grants and contributions	86.0%	71.3%	79.7%	86.6%	86.3%
Other revenue	-3.3%	19.5%	14.5%	6.0%	12.2%

Expense composition
Total expenses before depreciation	$4,282,514	$4,495,371	$8,319,790	$8,242,517	$8,877,367
Total expenses, % change over prior year	-53.0%	5.0%	85.1%	-0.9%	7.7%
Personnel	30.9%	28.2%	20.9%	22.4%	22.1%
Professional fees	2.9%	3.1%	2.8%	2.7%	2.6%
Occupancy	1.1%	1.1%	0.6%	0.6%	0.6%
Interest	0.0%	0.0%	0.0%	0.0%	0.0%
Pass-through	44.7%	51.8%	65.9%	64.1%	65.7%
All other expenses	20.3%	15.9%	9.8%	10.2%	9.1%

Full cost components (estimated)	2016	2017	2018	2019	2020
Total expenses (after depreciation)	$4,369,360	$4,587,288	$8,394,078	$8,294,637	$8,928,430
One month of savings	$356,876	$374,614	$693,316	$686,876	$739,781
Debt principal payment	$0	$0	$0	$0	$0
Fixed asset additions	$0	$0	$93,761	$0	$58,344
Total full costs (estimated)	$4,726,236	$4,961,902	$9,181,155	$8,981,513	$9,726,555

Capital structure indicators

Liquidity	2016	2017	2018	2019	2020
Months of cash	7.5	6.8	5.9	8.9	10.0
Months of cash and investments	85.0	93.4	56.2	63.3	71.1
Months of estimated liquid unrestricted net assets	39.9	41.9	21.4	19.0	14.7

Balance sheet composition	2016	2017	2018	2019	2020
Cash	$2,683,822	$2,545,951	$4,101,450	$6,101,703	$7,420,255
Investments	$27,644,239	$32,459,416	$34,877,596	$37,352,204	$45,200,763
Receivables	$7,142,648	$4,390,593	$6,996,576	$6,378,614	$30,840,565
Gross land, buildings, equipment (LBE)	$711,071	$738,111	$831,873	$861,624	$919,968
Accumulated depreciation (as a % of LBE)	71.6%	81.4%	81.2%	84.4%	84.6%
Liabilities (as a % of assets)	19.9%	16.7%	19.7%	15.5%	11.2%
Unrestricted net assets	$14,432,326	$15,834,643	$14,961,150	$13,202,516	$11,035,960
Temporarily restricted net assets	$10,198,258	$11,410,339	$16,443,172	$25,974,769	N/A
Permanently restricted net assets	$8,466,064	$8,619,590	$8,740,671	$8,841,795	N/A
Total restricted net assets	$18,664,322	$20,029,929	$25,183,843	$34,816,564	$70,057,347
Total net assets	$33,096,648	$35,864,572	$40,144,993	$48,019,080	$81,093,307

Key data checks

Key data checks	2016	2017	2018	2019	2020
Material data errors	No	No	No	No	No

Operations

The people, governance practices, and partners that make the organization tick.

Documents

Letter of Determination

Form 1023/1024 is not available for this organization

President

Stacey Corley

LinkedIn profile

Stacey Corley joined Sarasota Memorial Healthcare Foundation as president in September 2022. Prior to joining the Healthcare Foundation, Ms. Corley served as Vice President for Advancement at Ringling College of Art and Design. She originally joined that organization in 2012 as a Senior Development Officer, becoming Assistant Vice President for Strategic Philanthropy in 2014. Previously, Stacey served as Associate Director for Development for Florida State University Foundation/The John and Mable Ringling Museum of Art. She also worked 10 years for Bristol-Myers Squibb in various roles including Senior Hospital Business Manager. In the community, she has held leadership positions with multiple local and national organizations including Ringling College Library Association, Association of Fundraising Professionals and Junior League of Sarasota, and is a member of Sarasota Women’s Alliance.

Number of employees

Source: IRS Form 990

Sarasota Memorial Healthcare Foundation

Officers, directors, trustees, and key employees

SOURCE: IRS Form 990

Compensation

Other

Show data for fiscal year

Compensation data

Download up to 5 most recent years of officer and director compensation data for this organization

Sarasota Memorial Healthcare Foundation

Highest paid employees

SOURCE: IRS Form 990

Compensation

Other

Show data for fiscal year

Compensation data

Download up to 5 most recent years of highest paid employee data for this organization

Sarasota Memorial Healthcare Foundation

Board of directors
as of 01/25/2023

SOURCE: Self-reported by organization

Board of directors data

Download the most recent year of board of directors data for this organization

Board co-chair

Deborah Kabinoff

Board co-chair

Gwen MacKenzie

Philip A. Delaney, Jr.

Immediate-Past Chair

Joel Morganroth, M.D.

Treasurer

Sandra Stuart

Secretary

Robert G. Bartner

Carl W. Battle

Gary Dornbush

Mary Evelyn Guyton

Thomas F. Kelly, M.D.

Robert P. Martin

Diane M. Mayer

Jonathan E. Mitchell

Barbara Rodkin

Jon Soderberg

Eric Spiegel

David Verinder

Kirk G. Voelker, M.D.

Robert L. Wood

Organizational demographics

SOURCE: Self-reported; last updated 1/24/2023

Candid has made improvements to the race and ethnicity options.

Who works and leads organizations that serve our diverse communities? Candid partnered with CHANGE Philanthropy on this demographic section.

Leadership

No data

Race & ethnicity

No data

Gender identity

No data

Sexual orientation

No data

Disability

No data

Equity strategies

Last updated: 01/24/2023

GuideStar partnered with Equity in the Center - an organization that works to shift mindsets, practices, and systems to increase racial equity - to create this section. Learn more

Policies and processes

We seek individuals from various race backgrounds for board and executive director/CEO positions within our organization.
We help senior leadership understand how to be inclusive leaders with learning approaches that emphasize reflection, iteration, and adaptability.

Contractors

Fiscal year ending

Professional fundraisers

Fiscal year ending

SOURCE: IRS Form 990 Schedule G

Solicitation activities

Gross receipts from fundraising

Retained by organization

Paid to fundraiser

Sarasota Memorial Healthcare Foundation

Together We Strengthen Healthcare

Mission

Is this your nonprofit?

Programs and results

Reports and documents

What we aim to solve

This profile needs more info.

Our programs

Sarasota Memorial Health Care System

Where we work

Our results

Evaluation documents

Total number of grants awarded

Totals By Year

Population(s) Served

Related Program

Type of Metric

Direction of Success

Context Notes

Average grant amount

Totals By Year

Population(s) Served

Related Program

Type of Metric

Direction of Success

Context Notes

Total dollar amount of grants awarded

Totals By Year

Population(s) Served

Related Program

Type of Metric

Direction of Success

Context Notes

Financials

Financial documents

Revenue vs. expenses: breakdown

Liquidity in 2020 info

5.15

Months of cash in 2020 info

10

Fringe rate in 2020 info

13%

Funding sources info

Assets & liabilities info

Financial data

Digitizing IRS form 990 data

Sarasota Memorial Healthcare Foundation

Sarasota Memorial Healthcare Foundation

Sarasota Memorial Healthcare Foundation

Business model indicators

Capital structure indicators

Key data checks

Operations

Documents

President

Stacey Corley

Number of employees

Sarasota Memorial Healthcare Foundation

Compensation data

Sarasota Memorial Healthcare Foundation

Compensation data

Sarasota Memorial Healthcare Foundation

Board of directors data

Deborah Kabinoff

Gwen MacKenzie

Organizational demographics

Leadership

Race & ethnicity

Gender identity

Sexual orientation

Disability

Equity strategies

Contractors

Professional fundraisers

Solicitation activities

Liquidity in 2020

Months of cash in 2020

Fringe rate in 2020

Funding sources

Assets & liabilities