SARASOTA MEMORIAL HEALTHCARE FOUNDATION INC Charity Report

Public IRS 990 nonprofit record

SARASOTA MEMORIAL HEALTHCARE FOUNDATION INC

EIN 51-0188568 · Health Care (E22I)

What they do

SARASOTA MEMORIAL HEALTHCARE FOUNDATION, INC. is AN INDEPENDENT FUNDRAISING ORGANIZATION WORKING WITH SARASOTA MEMORIAL HEALTH CARE SYSTEM and OTHERS to ENSURE THE HIGHEST QUALITY HEALTHCARE is ACCESSIBLE and MEETS THE NEEDS of OUR COMMUNITY.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $70.70 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2023The report may be old. Ask for a newer one.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders26 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

26.20%of revenue went to mission work70.7% of expenses · Program services

6.12%of revenue went to fundraising16.5% of expenses

$36.45spent for every $100 of revenueRevenue covered expenses this year.

4.72%of revenue went to management and office costs12.8% of expenses

$14.22in assets for every $1 spent this yearSome assets cannot be spent right away.

82.2%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $364,535 for STACEY CORLEY (PRESIDENT). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2023

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$35,433,550

Mission workProgram services$9,282,32226.20% of revenue70.7% of expenses

ManagementOffice and general costs$1,674,1724.72% of revenue12.8% of expenses

FundraisingAsking for donations$2,168,7176.12% of revenue16.5% of expenses

Revenue left after expensesReported annual surplus$22,308,33962.96% of revenueShown in gray on the chart

Total expenses$13,125,21137.04% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2023CurrentExpense mix: 70.7% mission · 12.8% management · 16.5% fundraisingTotal expenses: 37.04% of revenue

2022Expense mix: 66.2% mission · 15.6% management · 18.2% fundraisingTotal expenses: 51.12% of revenue

2021Expense mix: 86.8% mission · 5.8% management · 7.4% fundraisingTotal expenses: 46.96% of revenue

2020Expense mix: 75.6% mission · 9.7% management · 14.7% fundraisingTotal expenses: 44.38% of revenue

2019Expense mix: 65.3% mission · 14.1% management · 20.5% fundraisingTotal expenses: 18.83% of revenue

2018Expense mix: 64.4% mission · 14.1% management · 21.5% fundraisingTotal expenses: 50.83% of revenue

2017Expense mix: 66.4% mission · 11.8% management · 21.9% fundraisingTotal expenses: 66.93% of revenue

2016Expense mix: 53.7% mission · 22.9% management · 23.4% fundraisingTotal expenses: 93.84% of revenue

Money in and money out

Revenue$36,006,342

Expenses$13,125,211

Annual surplus $22,881,131 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$9,282,322 · 70.7% of expenses

Management and office costs$1,674,172 · 12.8% of expenses

Fundraising$2,168,717 · 16.5% of expenses

See all reported dollar amounts

Revenue$36,006,342

Expenses$13,125,211

Assets$186,617,988

Income$94,320,852

Contributions$29,586,330

Mission work (program services)$9,282,322

Fundraising$2,168,717

Grants given$57,090,332

Average grant$1,359,294

Management and general$1,674,172

Executive compensation (total)$674,883

Stocks and bonds$113,481,038

Accounting fees$29,460

Investing fees$202,856

People

Leadership and board

Tax year 2023

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

STACEY CORLEYPRESIDENT · 50 hrs/week $364,535Base $323,606 · Other $40,929

CRAIG A MORANDIR. OF DEVELOPMENT · 50 hrs/week $201,830Base $175,776 · Other $26,054

PATRICK J MCQUILLANDIR. OF DEVELOPMENT · 50 hrs/week $201,344Base $166,005 · Other $35,339

MICHELLE BUTLERDIR. OF DEVELOPMENT · 50 hrs/week $196,090Base $160,423 · Other $35,667

SALLY A SCHULEDIRECTOR OF COMMUNITY ENGAGEMENT · 50 hrs/week $196,058Base $174,003 · Other $22,055

PATRICIA MAHLERDIR. OF COMMUNICATIONS · 50 hrs/week $182,933Base $166,419 · Other $16,514

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (26)

STACEY CORLEYPRESIDENT

CRAIG A MORANDIR. OF DEVELOPMENT

PATRICK J MCQUILLANDIR. OF DEVELOPMENT

MICHELLE BUTLERDIR. OF DEVELOPMENT

SALLY A SCHULEDIRECTOR OF COMMUNITY ENGAGEMENT

PATRICIA MAHLERDIR. OF COMMUNICATIONS

THOMAS F KELLY MDTRUSTEE

BARBARA RODKINTRUSTEE

TERRY LUNDGRENTRUSTEE

SANDRA STUARTTRUSTEE

SAM SCOTTTRUSTEE

ROBERT LEE WOODVICE CHAIR

ROBERT G BARTNERTRUSTEE

ROBERT ESSNERTRUSTEE

PHILIP A DELANEY JRIMMEDIATE PAST CHAIR

KIRK VOELKER MDTRUSTEE

JONATHAN E MITCHELLTRUSTEE

JON SODERBERGTRUSTEE

JOEL MORGANROTH MDSECRETARY

GWEN MACKENZIETRUSTEE

GARY DORNBUSHTRUSTEE

ERIC SPIEGELTREASURER

DIANE MAYERTRUSTEE

DEBORAH KABINOFFCHAIR

DAVID VERINDERTRUSTEE

CARL W BATTLETRUSTEE

About this charity

Recognized since: January 1978
Location: 1515 S OSPREY AVE STE B4, SARASOTA, FL 34239-2918
County: Sarasota
In care of: STACEY CORLEY
Primary officer: STACEY CORLEY, PRESIDENT

How to reach them

WebsiteVisit the charity’s website EmailHealthcareFoundation@smh.com Phone(941) 917-1286

Filing and classification

Latest tax year: 2023
Tax period began: October 1, 2023
Return type: 990
Tax preparer: KERKERING BARBERIO & CO
NTEE classification: Health Care (E22I)
IRS tax category: Other Grantmaking and Giving Services
Grant-giving organization: Yes