Cause IQ organization profile

The Nemours Foundation

The Nemours Foundation is a specialty hospital based in Jacksonville, FL that was founded in 1936. As of 2019 they had $1.4 billion in revenue and $2.0 billion in assets.

The Nemours Foundation's mission is to provide leadership, institutions, and services to restore and improve the health of children through care and programs not readily available, with one high standard of quality and distinction.

EIN:

59-0634433

City:

Jacksonville

State:

Florida

Website:

nemours.org

Phone:

9046974100

Facebook:

facebook.com/Nemours

Founded:

1936

Type:

501(c)(3)

NTEE:

E24: Specialty hospitals

Revenue:

$1,437,770,463

Assets:

$2,074,345,798

Employees:

8,595

Fiscal year end:

December

Revenue trends:

Asset trends:

Program areas at The Nemours Foundation

See Schedule H, Part VI

Form 990s for The Nemours Foundation

Fiscal year ending	Date received by IRS	Form	PDF link
2018-12	Jan 27, 2020	990	View PDF
2017-12	Feb 21, 2019	990	View PDF
2016-12	Jan 18, 2018	990	View PDF
2015-12	Mar 2, 2017	990	View PDF
2014-12	Jan 20, 2016	990	View PDF
...and five more Form 990 PDFs

Financials for The Nemours Foundation

Field	2018	2017	% Change
Federated campaigns	$0	$0
Membership dues	$0	$0
Fundraising event contributions	$1,545,011	$1,062,749	45.4%
Related organizations	$176,751,889	$162,054,857	9.1%
Government grants (contributions)	$0	$0
Normal grants, contributions, etc.	$9,187,151	$5,531,769	66.1%
<em>Non-cash contributions included in above</em>	$115,472	$114,262	1.1%
Total grants, contributions, etc.	$187,484,051	$168,649,375	11.2%

Field	2018	2017	% Change
Total grants, contributions, etc.	$187,484,051	$168,649,375	11.2%
Program services	$1,183,856,816	$1,107,882,505	6.9%
Investment income and dividends	$11,431,861	$10,015,005	14.1%
Tax-exempt bond proceeds	$0	$0
Royalty revenue	$2,692,758	$2,491,197	8.1%
Net rental income	$476,142	$470,059	1.3%
Net gain from sale of non-inventory assets	$4,932,643	$18,862,422	-73.8%
Net income from fundraising events	$-259,551	$-267,945	3.1%
Net income from gaming activities	$0	$0
Net income from sales of inventory	$0	$0
Miscellaneous revenues	$47,155,743	$42,340,991	11.4%
Total revenues	$1,437,770,463	$1,350,443,609	6.5%

Field	2018	2017	% Change
Grants to govts. and orgs. in USA	$1,513,906	$1,222,644	23.8%
Grants to individuals in USA	$312,785	$276,963	12.9%
Grants to govts., orgs., and individuals outside USA	$0	$0
Benefits paid to or for members	$0	$0
Compensation of current officers, etc.	$18,019,110	$29,551,951	-39.0%
Compensation not included above, to disqualified persons	$232,542	$711,511	-67.3%
Non-officer salaries and wages	$673,390,729	$612,819,370	9.9%
Pension/retirement accruals and contributions	$40,463,673	$46,651,580	-13.3%
Other employee benefits	$83,430,240	$72,682,600	14.8%
Payroll taxes	$42,733,873	$40,229,184	6.2%
Management fees	$0	$0
Legal fees	$3,823,394	$3,503,934	9.1%
Accounting fees	$693,608	$508,957	36.3%
Lobbying fees	$504,252	$431,453	16.9%
Pro. fundraising fees	$0	$0
Investment mgmt fees	$0	$577,351	-100%
Other fee-for-service	$75,265,629	$76,300,017	-1.4%
Advertising and promotion	$8,578,956	$8,944,985	-4.1%
Office expenses	$144,024,678	$125,635,690	14.6%
Information tech. expenses	$26,616,768	$22,650,025	17.5%
Royalty expenses	$0	$0
Occupancy	$41,966,370	$39,612,765	5.9%
Travel	$7,898,634	$7,193,058	9.8%
Public official travel and entertainment	$0	$0
Conferences, meetings, etc.	$4,105,628	$3,617,869	13.5%
Interest	$12,112,816	$11,859,325	2.1%
Payments to affiliates	$0	$0
Depreciation, amortization, etc.	$82,163,454	$80,599,809	1.9%
Insurance	$15,272,079	$16,339,999	-6.5%
All other expenses	$67,086,859	$71,523,940	-6.2%
Total expenses	$1,350,209,983	$1,273,444,980	6.0%

Field	2018	2017	% Change
Cash (non-interest-bearing)	$355,241,396	$327,399,058	8.5%
Savings, short-term investments, etc.	$47,527,928	$56,691,934	-16.2%
Pledges and grants receivable	$11,458,615	$11,793,349	-2.8%
Accounts receivable	$163,569,121	$164,633,239	-0.6%
Loans receivable from officers, directors, etc.	$0	$0
Loans receivable from other disqualified persons	$0	$0
Notes and loans receivable	$0	$0
Inventories for use	$5,645,118	$5,284,620	6.8%
Prepaid expenses and deferred charges	$11,034,547	$10,408,384	6.0%
Buildings, equipment, etc. post-depreciation	$1,045,853,461	$1,014,826,803	3.1%
Investments, publicly traded securities	$297,819,381	$319,119,021	-6.7%
Investments, other securities	$119,889,790	$112,089,928	7.0%
Investments, program-related	$0	$0
Intangible assets	$4,189,972	$3,934,612	6.5%
Other assets	$12,116,469	$10,683,209	13.4%
Total assets	$2,074,345,798	$2,036,864,157	1.8%

Field	2018	2017	% Change
Accounts payable and accrued expenses	$139,553,264	$134,266,608	3.9%
Grants payable	$0	$0
Deferred revenue	$4,312,825	$4,292,565	0.5%
Tax-exempt bond liabilities	$274,420,902	$289,622,613	-5.2%
Escrow or custodial account liability	$0	$0
Loans payable to officers and disqualified persons	$0	$0
Secured mortgages and notes payable to unrelated third parties	$95,815,000	$97,040,000	-1.3%
Unsecured notes and loans payable to unrelated third parties	$0	$0
Other liabilities	$284,354,334	$312,651,579	-9.1%
Total liabilities	$798,456,325	$837,873,365	-4.7%

Field	2018	2017	% Change
Unrestricted net assets	$1,052,983,925	$958,256,653	9.9%
Temporarily restricted net assets	$213,867,468	$233,303,816	-8.3%
Permanently restricted net assets	$9,038,080	$7,430,323	21.6%

Vendors for The Nemours Foundation

Vendor	Services	Amount paid	Date
KPMG LLP	Tax accounting; Audit accounting; Accounting (including auditing)	$70,000	2019-11-11
██████	Fundraising software		2019-10-21
███████ ███ ████	Fundraising software; Payment processing		2019-10-21
████████ ██████████ ███	Housekeeping and Laundry SV	$8,088,722	2018-12-01
███ ████████ ███ ████████████ ███████	Building and Construction	$42,282,432	2018-12-01
██████ ███ ███████ ███	Building and Construction	$5,364,559	2018-12-01
██ ████████ ███	Building and Construction	$9,454,956	2018-12-01
██████ █████████ ██████████	Residency Program Expense	$6,919,754	2018-12-01
...and 122 more vendors

Personnel at The Nemours Foundation

Name	Title	Compensation	Most recent data
David J Bailey	President and Chief Executive Officer	$2.4 million	Dec. 31, 2018
Diane C Goin	Secretary To the President Chief Executive Officer	$84,408	Dec. 31, 2017
█ ████████ ████	President and Chief Executive Officer	$374,448	Dec. 31, 2018
███████ █ █████	Oper Vice President Chief Operating Officer Physician Network de	$359,496	Dec. 31, 2018
███████ █ ███████	Oper Vice President Chief Operating Officer NCH	$477,744	Dec. 31, 2018
██████ █████████	Senior Vice President and Chief Financial Officer	$681,959	Aug. 17, 2019
██████ ████	Chief Information Officer , Enterprise Vice President	-	Aug. 30, 2017
█████ █████	Chief Medical Officer NCH	$1.0 million	Dec. 31, 2018
████ █ ████████	Dept of Orthopaedics , Divison Chief , NCCJ	$641,331	Dec. 31, 2017
█████ █ ████	Oper Vice President Chief Nursing Officer NCH	$354,355	Dec. 31, 2018
...and 36 more key personnel

Peer specialty hospitals

	Name	Type	Revenue	Location
1	Children's Minnesota	501(c)(3)	$909 million	Minneapolis, MN
2	Children's Hospital / The Northern Trust Co	501(c)(3)	$1.1 billion	Washington, DC
3	Good Samaritan Hospital of Cincinnati Ohio	501(c)(3)	$649 million	Cincinnati, OH
4	Loma Linda University Children's Hospital	501(c)(3)	$613 million	Loma Linda, CA
5	Newark Beth Israel Medical Center	501(c)(3)	$644 million	Newark, NJ
6	Cincinnati Children's Hospital Medical Center (CCHMC)	501(c)(3)	$2.4 billion	Cincinnati, OH
7	Children's Hospital of the King's Daughters (CHKD)	501(c)(3)	$442 million	Norfolk, VA
8	Boston Children's Hospital / Children's Hospital Corporation	501(c)(3)	$2.0 billion	Boston, MA
9	Ann and Robert H Lurie Children's Hospital of Chicago	501(c)(3)	$1.0 billion	Chicago, IL
10	Hennepin County Medical Center (HCMC)	501(c)(3)	$1.0 billion	Minneapolis, MN
11	Valley Children's Hospital	501(c)(3)	$693 million	Madera, CA
12	Moffitt Cancer Center	501(c)(3)	$1.0 billion	Tampa, FL
13	Baptist Hospital of Miami	501(c)(3)	$1.4 billion	Miami, FL
14	Shriners Hospitals for Children	501(c)(3)	$951 million	Tampa, FL
15	Nicklaus Children's Hospital	501(c)(3)	$674 million	Miami, FL
16	Winter Haven Hospital	501(c)(3)	$379 million	Winter Haven, FL
17	Mayo Clinic Jacksonville	501(c)(3)	$657 million	Jacksonville, FL
18	Hosp of the Fox Chase Cancer Center	501(c)(3)	$379 million	Philadelphia, PA
19	Cook Children's Medical Center	501(c)(3)	$1.0 billion	Fort Worth, TX
20	Lucile Packard Children's Hospital Stanford	501(c)(3)	$1.5 billion	Palo Alto, CA
21	Seattle Children's Hospital	501(c)(3)	$1.7 billion	Seattle, WA
22	Grandview Hospital and Medical Center	501(c)(3)	$505 million	Miamisburg, OH
23	Johns Hopkins All Children's Hospital (ACH)	501(c)(3)	$496 million	Baltimore, MD
24	Children's Healthcare of Atlanta Group Return (CHOA)	501(c)(3)	$1.6 billion	Atlanta, GA
25	Nationwide Children's Hospital	501(c)(3)	$2.0 billion	Columbus, OH

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