Boca Raton Regional Hospital Foundation Inc
93% goes to programs $11 to raise $100 Strong reserves Declining revenue
Boca Raton Regional Hospital Foundation Inc is a 501(c)(3) organization based in Boca Raton, Florida, registered in 2004, with $42,195,189 in FY2023 revenue. CharityIndex grades it C, and it directs about 93% of spending to programs.
800 Meadows Rd, Boca Raton, FL, 33486 EIN 59-2406425 Since 2004
Revenue (FY2023)
$42.2M
▼ 13.4% vs prior year
Community median: $184K
Expenses (FY2023)
$76.5M
Net assets
$403.9M
Employees
0
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C
★★★★
Rated on 4 of 4 criteria.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →AProgram efficiency40% of the rating93% to programs · $11 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Boca Raton Regional Hospital Foundation Inc: 93% to programs · $11 to raise $100 earns a A on this criterion. See the exact thresholds →
FFinancial health25% of the rating63 mo reserves · -81% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Boca Raton Regional Hospital Foundation Inc: 63 mo reserves · -81% margin earns a F on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Boca Raton Regional Hospital Foundation Inc: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Boca Raton Regional Hospital Foundation Inc: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
The foundation supports the hospital's mission of providing superior, compassionate health care through the cultivation & stewardship of philanthropic gifts & raising the public awareness of the hospital.
Contact & location
- Address
- 800 Meadows Rd, Boca Raton, FL, 33486
- City
- Boca Raton
- State
- Florida
- Subcategory
- Community & Neighborhood Development
- Phone
- …
- Website
- …
Financial trends
Revenue declined from $45.4M (FY2013) to $42.2M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $55.7MNet assets $403.9M
Operating margin
-81.2%
Spent more than it raised in the latest fiscal year.
Total assets
$459.6M
Total liabilities
$55.7M
Net assets
$403.9M
Salaries & benefits
$0
0% of expenses
Board members
37
37 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $42,195,189▼13.4% | $76,476,881▲38.2% | $403,865,884▲6.9% | $459,563,115▲20.8% | 990 |
| 2022 | $48,718,411▼9.2% | $55,337,495▲119% | $377,912,808▲8.0% | $380,469,748▲8.5% | 990 |
| 2021 | $53,674,288▼47.0% | $25,249,000▼34.1% | $349,833,761▼9.3% | $350,654,947▼9.2% | 990 |
| 2020 | $101,320,164▲62.4% | $38,290,304▲1.1% | $385,507,580▲22.3% | $386,346,010▲22.3% | 990 |
| 2019 | $62,390,415▲24.8% | $37,858,105▲81.4% | $315,091,504▲4.2% | $315,799,427▲4.2% | 990 |
| 2018 | $49,987,734▲58.6% | $20,867,105▲9.8% | $302,443,821▲12.9% | $303,118,882▲12.8% | 990 |
| 2017 | $31,518,210▼65.6% | $19,001,785▼14.1% | $267,899,578▲7.4% | $268,657,968▲7.5% | 990 |
| 2016 | $91,609,746▲108% | $22,113,041▼27.4% | $249,440,968▲37.3% | $249,961,833▲36.7% | 990 |
| 2015 | $43,963,631▲14.2% | $30,438,470▲7.3% | $181,616,446▲4.6% | $182,870,394▲1.9% | 990 |
| 2014 | $38,494,994▼15.2% | $28,372,902▼11.2% | $173,702,487▲11.2% | $179,537,136▲11.2% | 990 |
| 2013 | $45,386,236 | $31,934,690▲59.9% | $156,138,910▲10.5% | $161,444,189▲13.2% | 990 |
| 2012 | — | $19,971,118▲49.8% | $141,243,450▲5.8% | $142,620,835▲6.5% | 990 |
| 2011 | — | $13,333,925▲38.6% | $133,485,118▲8.1% | $133,862,644▲7.7% | 990 |
| 2010 | — | $9,617,372 | $123,504,321 | $124,329,552 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2023)
Highest-paid: Mark Larkin — $666,179 (0.87% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Mark Larkin | President of the Foundation | 50 | $666,179 |
| Amy Kazma | Director | 2 | — |
| Ana Maria Restrepo | Ex-officio Member - President, Drms | 2 | — |
| Anne Jacobson | Director | 2 | — |
| Ari Wirtschafter Md | Ex-officio Member - Vice President of Medical Staff | 2 | — |
| Brian Kessler | Director | 2 | — |
| Carrie Rubin | Director | 2 | — |
| Christine E Lynn | Ex-officio Member - Chair of the Hospital Board | 2 | — |
| Christopher Wheeler | Director | 2 | — |
| David A Kirschner | Director | 2 | — |
| Debbie Leising | Director | 2 | — |
| Evan Goldestein Md | Ex-officio Member - President of Medical Staff | 2 | — |
| Gail Rubin-kwal Md | Director | 2 | — |
| Gary Rubin | Director | 2 | — |
| Gerald Robinson Md | Director | 2 | — |
| Jack Pechter | Director Emeritus | 2 | — |
| James Carr | Director | 2 | — |
| Jerry Glassman | Director (begin 10/01/23) | 2 | — |
| Jo Ann Procacci | Director | 2 | — |
| Joan Wargo | Director Emeritus | 2 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Boca Owner LLC DBA the Boca Raton | Purchased Services | $634,990 |
| Sme Entertainment Group LLC | Purchased Services | $406,903 |
| Boca West Country Club | Purchased Services | $339,947 |
| Premiere Multimedia Services | Purchased Services | $324,985 |
| The Gobel Group LLC | Purchased Services and Consultants | $163,734 |
Grants received · $18.2M total
120 grants to Boca Raton Regional Hospital Foundation Inc totaling $18.2M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Raymond James Charitable Endowment Fund | General support | 2024 | $1,118,500 |
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2024 | $220,000 |
| Greater Washington Community Foundation | General support | 2024 | $202,000 |
| Jewish Communal Fund | In furtherance of grantee's tax-exempt purpose | 2024 | $199,550 |
| Fjc | General operating support | 2024 | $193,000 |
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2024 | $135,000 |
| Gs Donor Advised Philanthropy Fund For Wealth Management Inc | Medical / public services | 2024 | $76,000 |
| American Gift Fund | Operations | 2024 | $58,000 |
| American Endowment Foundation | Health, general | 2024 | $41,000 |
| Charities Aid Foundation America | Charitable donation | 2024 | $10,500 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $1,302,390 |
| Raymond James Charitable Endowment Fund | General support | 2023 | $1,004,250 |
| Donor Advised Charitable Giving | Public, societal benefit | 2023 | $427,644 |
| Vanguard Charitable Endowment Program | For recipient's exempt purpose | 2023 | $278,450 |
| Goldman Sachs Charitable Gift Fund | Medical/scientific research & programs | 2023 | $175,000 |
Grants made · $70.3M in FY2023
2 grants totaling $70.3M in FY2023. All grants made by Boca Raton Regional Hospital Foundation Inc →
| Recipient | Purpose | Amount |
|---|---|---|
| Boca Raton Regional Hospital Inc | Support hospital needs | $70,282,799 |
| Peaceful Mind Peaceful Life Inc | Community support | $48,346 |
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Frequently asked questions
- Is Boca Raton Regional Hospital Foundation Inc a legitimate nonprofit?
- Yes. Boca Raton Regional Hospital Foundation Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 59-2406425, based in Boca Raton, Florida. Donations are tax-deductible.
- What is Boca Raton Regional Hospital Foundation Inc's EIN?
- Boca Raton Regional Hospital Foundation Inc's Employer Identification Number (EIN) is 59-2406425.
- How much revenue does Boca Raton Regional Hospital Foundation Inc report?
- Boca Raton Regional Hospital Foundation Inc reported $42,195,189 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Boca Raton Regional Hospital Foundation Inc's spending goes to programs?
- Boca Raton Regional Hospital Foundation Inc spends about 93% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Boca Raton Regional Hospital Foundation Inc have?
- CharityIndex grades Boca Raton Regional Hospital Foundation Inc C, based on program efficiency and fundraising cost.
- How much does Boca Raton Regional Hospital Foundation Inc's highest-paid employee make?
- The highest reported compensation on Boca Raton Regional Hospital Foundation Inc's latest Form 990 is $666,179, paid to Mark Larkin (President of the Foundation).
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Data for Boca Raton Regional Hospital Foundation Inc (EIN 59-2406425) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.