Sharp Memorial Hospital FY2021 filing

Tax-deductible

San Diego, CA501(c)(3)Since 1981HospitalsEIN 95-3782169

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501(c)(3) charity; gifts are tax-deductible.
92¢ of each $1 spent went to programs.
$1.7M paid to officers and key staff.
Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $207.4M a year · 14% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
92%
of spending
Looks good: 92% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$1.7M
to officers and key staff · 0.1% of spending
Looks good: pay to officers and key staff is 0% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Concern: 0.0 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $15.2M
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$516.5M
13% of total assets
Looks good: liabilities are 13% of assets; 50% or less.
Pt X · Ln 26
Independent board members
11
of 19 voting members
Looks good: 11 of 19 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.5B
+10% vs prior year
Spent
$1.2B
To programs
92%
Net assets
$3.4B
By yearFY2020–FY2024
Revenue
$1.5B
FY2021▲ +10%
Revenue by fiscal year
FY2020$1.4B
FY2021$1.5B
FY2022$1.4B
FY2023$1.5B
FY2024$1.6B
FY2024$1.7B
Expenses
$1.2B
FY2021▲ +6%
Expenses by fiscal year
FY2020$1.2B
FY2021$1.2B
FY2022$1.3B
FY2023$1.3B
FY2024$1.4B
FY2024$1.6B
Net assets
$3.4B
FY2021▲ +14%
Net assets by fiscal year
FY2020$3.0B
FY2021$3.4B
FY2022$3.2B
FY2023$3.5B
FY2024$4.0B
FY2024$4.2B

From the FY2021 Form 990 (year ending September 2021) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jan 1984.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

92 cents of each dollar spent went to programs.

Program services 92% · $1.1B Management & general 8% · $93.3M

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

36 people listed on the 990; $1.7M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Director - Part Year
$651,360Pt VII · Sec A
Pharmacist- Research
$305,322Pt VII · Sec A
Dir Pharmacy
$276,799Pt VII · Sec A
Dir Outpt Pavilion
$275,460Pt VII · Sec A
$100,000Pt VII · Sec A
$89,059Pt VII · Sec A
$31,575Pt VII · Sec A
$13,400Pt VII · Sec A

Emily Cole MD’s $72K as Director is at the 0th percentile of top reported officer pay among 1747 $100M+ health care nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2024FY2023FY2022FY2021FY2020
Paul Wozniak MD————$651,360$654,240
Michael Plopper—————$392,755
Matthew Geriak————$305,322—
Susan Davis———$299,955—$268,300
Julie Abraham———$288,545——
Randi Larsson———$283,614$275,460$270,770
Joshua McCabe———$280,620——
Thor Anderson———$210,592$276,799$256,935

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Sharp Memorial Hospital executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Provides comprehensive medical services to the San Diego community.

Provided by the organization

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1 program · $1.1B · in their own filed words · FY2020
01

Sharp Memorial Hospital provides inpatient and outpatient healthcare services to the community. For fiscal year 2021, patient days totaled 203,415 and outpatient visits totaled 328,832. See Community Benefits Report on Schedule O

$1.1Bprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 2 funders$15.2M
Grants paid · 45 grants · $4.3M · 2019–2024
Unitemized GrantFY2024$74,487
Alzheimers San DiegoCA · FY2024$31,500
Unitemized GrantFY2024$4,000
California Health Foundation & TrustFY2023$453,862
San Diego Family CareCA · FY2023$65,000
Life Rolls on FoundationCA · FY2023$12,000
Unitemized GrantFY2023$4,450
Unitemized GrantFY2023$3,885
Unitemized GrantFY2023$2,870
Unitemized GrantFY2023$2,445
Unitemized GrantFY2023$1,408
Unitemized GrantFY2023$958
Unitemized GrantFY2023$823
See all 45 grants →

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$1.5B
Ln 12
Fees for servicesLn 2g$1.4B
Investment incomeLn 3$110.4M
Gifts and grantsLn 1h$29.0M
Money outPt IX
$1.2B
Ln 25
Programscol B$1.1B
Managementcol C$93.3M
Owns and owesPt X
$3.4B
net assets · Ln 32
Cash and savingsLn 1–2$3.1M
Total assetsLn 16$3.9B
LiabilitiesLn 26$516.5M
PeoplePt VI, VII
36
listed · VII A
PaidVII A8
Voting boardVI 1a19
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$29.0M
Government grantsLn 1e$21.6M
Noncash giftsLn 1g$122K
Fees for servicesLn 2g$1.4B
Investment incomeLn 3$110.4M
Gains on assetsLn 7$78.8M
Total revenueLn 12$1.5B
Assets in detailPt X, end of year
CashLn 1$3.1M
Cash and savings togetherLn 1–2$3.1M
Land, buildings, equipmentLn 10c$422.2M
Other assetsLn 15$3.13B
Total assetsLn 16$3.9B
LiabilitiesLn 26$516.5M
Net assetsLn 32$3.4B
OperationsPt I, VI
EmployeesI 56,620
VolunteersI 6301
Fiscal year endsHeaderSeptember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$3.5M$3.1M
Land, buildings, equipmentLn 10c$403.1M$422.2M
Total assetsLn 16$3.48B$3.88B
LiabilitiesLn 26$530.3M$516.5M
Net assetsLn 32$2.95B$3.36B
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$617K$617K
Pay of current officers, directors and key staffLn 5$5.1M$2.4M$2.7M
Other salaries and wagesLn 7$477.2M$467.0M$10.2M
Pension plan contributionsLn 8$20.1M$19.6M$453K
Other employee benefitsLn 9$61.9M$60.3M$1.6M
Payroll taxesLn 10$34.5M$33.7M$774K
Management feesLn 11a$30.5M$28.9M$1.7M
Legal feesLn 11b$1.9M$239K$1.7M
Accounting feesLn 11c$12.7M$12.7M
Lobbying feesLn 11d$75K$75K
Investment management feesLn 11f$1.1M$1.1M
Other fees for servicesLn 11g$86.4M$82.6M$3.8M$0
Advertising and promotionLn 12$7.8M$93K$7.7M
Office expensesLn 13$33.9M$29.1M$4.8M
Information technologyLn 14$61.3M$53.9M$7.4M
OccupancyLn 16$17.6M$13.6M$4.0M
TravelLn 17$615K$610K$5K
Conferences, conventions and meetingsLn 19$1.6M$123K$1.5M
InterestLn 20$9.1M$7.6M$1.5M
Depreciation, depletion and amortizationLn 22$45.7M$42.9M$2.8M
InsuranceLn 23$6.0M$5.0M$993K
Other expenses (24a–d)Ln 24$312.5M$289.1M$23.4M
All other expensesLn 24e$4.4M$1.8M$2.5M$0
Total functional expensesLn 25$1.23B$1.14B$93.3M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $1.6B$1.4B$142.3M$4.0B 990 PDF
FY2023 $1.5B$1.3B$220.6M$3.5B 990 PDF
FY2022 $1.4B$1.3B$179.0M$3.2B 990 PDF
FY2021 Viewing $1.5B$1.2B$281.5M$3.4B 990 PDF
FY2020 $1.4B$1.2B$213.7M$3.0B 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2021 990 (4 parts)
Part VIII · Statement of revenue $1,514,036,093 across 9 lines filed
Lines not itemized here account for $558,350 of total revenue; see the IRS return.
VIII-1d Related organizations$7,404,244
VIII-1e Government grants$21,590,646
VIII-1g Noncash contributions (included above)$122,301
VIII-1h Total contributions, gifts and grants$28,994,890
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,375,669,729$1,375,669,729
VIII-3 Investment incomeExcluded from tax $31,625,109$31,625,109
VIII-7 Net gain or loss on sales of assetsExcluded from tax $78,752,096$78,752,096
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax −$1,564,081−$1,564,081
VIII-12 Total revenueRelated to mission $1,375,813,004 · Unrelated business $0 · Excluded from tax $109,228,199$1,514,036,093
Part IX · Statement of functional expenses $1,232,494,937 across 23 lines filed
IX-1 Grants to domestic organizationsPrograms $616,534$616,534
IX-5 Pay of current officers, directors and key staffPrograms $2,383,639 · Management $2,689,257$5,072,896
IX-7 Other salaries and wagesPrograms $466,958,565 · Management $10,242,579$477,201,144
IX-8 Pension plan contributionsPrograms $19,638,241 · Management $452,804$20,091,045
IX-9 Other employee benefitsPrograms $60,280,042 · Management $1,618,620$61,898,662
IX-10 Payroll taxesPrograms $33,738,942 · Management $774,339$34,513,281
IX-11a Management feesPrograms $28,853,909 · Management $1,687,519$30,541,428
IX-11b Legal feesPrograms $239,012 · Management $1,692,678$1,931,690
IX-11c Accounting feesManagement $12,722,292$12,722,292
IX-11d Lobbying feesManagement $74,779$74,779
IX-11f Investment management feesManagement $1,050,753$1,050,753
IX-11g Other fees for servicesPrograms $82,590,699 · Management $3,799,362 · Fundraising $0$86,390,061
IX-12 Advertising and promotionPrograms $92,707 · Management $7,709,096$7,801,803
IX-13 Office expensesPrograms $29,081,814 · Management $4,829,594$33,911,408
IX-14 Information technologyPrograms $53,911,642 · Management $7,351,588$61,263,230
IX-16 OccupancyPrograms $13,617,705 · Management $3,963,680$17,581,385
IX-17 TravelPrograms $610,063 · Management $5,294$615,357
IX-19 Conferences, conventions and meetingsPrograms $123,097 · Management $1,460,060$1,583,157
IX-20 InterestPrograms $7,571,623 · Management $1,501,326$9,072,949
IX-22 Depreciation, depletion and amortizationPrograms $42,949,774 · Management $2,753,612$45,703,386
IX-23 InsurancePrograms $4,985,856 · Management $992,532$5,978,388
IX-24 Other expenses (24a–d)Programs $289,085,771 · Management $23,437,826$312,523,597
IX-24e All other expensesPrograms $1,826,157 · Management $2,529,555 · Fundraising $0$4,355,712
IX-25 Total functional expensesPrograms $1,139,155,792 · Management $93,339,145 · Fundraising $0$1,232,494,937
Part X · Balance sheet $3,875,566,851 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $3,482,491$3,141,031
X-4 Accounts receivableStart of year $238,771,105$292,548,413
X-8 Inventories for sale or useStart of year $18,638,568$19,597,679
X-9 Prepaid expenses and deferred chargesStart of year $6,805,886$7,866,488
X-10c Land, buildings and equipment, netStart of year $403,070,296$422,232,596
X-15 Other assetsStart of year $2,811,329,834$3,130,180,644
X-16 Total assetsStart of year $3,482,350,019$3,875,566,851
X-17 Accounts payable and accrued expensesStart of year $147,476,529$160,451,948
X-19 Deferred revenueStart of year $165,317$41,329
X-25 Other liabilitiesStart of year $382,623,389$355,975,619
X-26 Total liabilitiesStart of year $530,265,235$516,468,896
X-27 Net assets without donor restrictionsStart of year $2,952,084,784$3,359,097,955
X-32 Total net assets or fund balancesStart of year $2,952,084,784$3,359,097,955
X-33 Total liabilities and net assetsStart of year $3,482,350,019$3,875,566,851
Part XI · Reconciliation of net assets $3,359,097,955 net assets at year end
XI-1 Total revenue$1,514,036,093
XI-2 Total expenses$1,232,494,937
XI-3 Revenue less expenses$281,541,156
XI-4 Net assets at start of year$2,952,084,784
XI-5 Net unrealized gains (losses) on investments$106,501,512
XI-9 Other changes in net assets$18,970,503
XI-10 Net assets at end of year$3,359,097,955

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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