Sentara Louise Obici Memorial Hospital in Norfolk, Virginia (VA)

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Sentara Louise Obici Memorial Hospital
Employer Identification Number (EIN)540485186
Name of OrganizationSentara Louise Obici Memorial Hospital
Address6015 Poplar Hall Dr, Norfolk, VA 23502-3819
ActivitiesHospital
SubsectionCharitable Organization
Ruling Date05/1953
DeductibilityContributions are deductible
FoundationHospital or medical research organization
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2008
Assets$0
Income$50,000,000 to greater
Filing Requirement990 (all other) or 990EZ return
Asset Amount$78,790,086
Amount of Income$137,832,499
Form 990 Revenue Amount$137,695,027
National Taxonomy of Exempt Entities (NTEE)Health - General and Rehabilitative: Hospital, General


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Amount of income in 2008: $137,832,499
Sentara Louise Obici Memorial Hospital: 

 $137,832,499
Other organizations performing similar types of work: 

 $129,251,994

Assets in 2008: $78,790,086
Sentara Louise Obici Memorial Hospital: 

 $78,790,086
Other organizations performing similar types of work: 

 $122,242,322

Expenses in 2007: $131,759,641
Sentara Louise Obici Memorial Hospital: 

 $131,759,641
Other organizations performing similar types of work: 

 $119,720,646

Income to expenses ratio in 2007: 1.0
Sentara Louise Obici Memorial Hospital: 

 1.0
Other organizations performing similar types of work: 

 1.1

Expenses allocated to program services in 2007: 86.9%
Sentara Louise Obici Memorial Hospital: 

 86.9%
Other organizations performing similar types of work: 

 85.7%

Number of employees in 2007: 1,062
Sentara Louise Obici Memorial Hospital: 

 1,062
Other organizations performing similar types of work: 

 1,105

Employees paid over $50,000 in 2007: 33.1%
This organization: 

 33.1%
Other organizations performing similar types of work: 

 28.8%

Grants share in income in 2007: 0.1%
Sentara Louise Obici Memorial Hospital: 

 0.1%
Other organizations performing similar types of work: 

 0.2%

Financial snapshot ($)

Revenue for 2007

Assets at end of 2007

Expenses for 2007

Functional Expenses for 2007 ($)

Income-Producing Activities for 2007

Revenue, Expenses, and Changes in Net Assets or Fund Balances
2000200120022003200420052007
Total revenue$80,689,860$87,502,834$89,261,521$103,545,552$114,272,260$121,367,295$136,486,312
Contributions, gifts, grants, and similar amounts received$12,683,400$14,512,283$4,654,966$4,490,024$3,884,054$1,950,940$68,649
Contributions to donor advised funds$0
Direct public support$0$0$0$0$0$168,284$68,649
Indirect public support$12,683,400$14,512,283$4,654,966$4,490,024$3,884,054$1,782,656$0
Government contributions (grants)$0$0$0$0$0$0$0
Program service revenue including government fees and contracts$65,732,872$70,418,596$81,295,906$95,591,121$103,953,505$116,675,970$133,291,328
Membership dues and assessments$0$0$0$0$0$0$0
Interest on savings and temporary cash investments$0$0$0$0$0$0$960,031
Dividends and interest from securities$0$0$0$0$0$610,910$0
Net rental income or (loss)$408,537$386,921$433,281$457,274$464,538$474,577$466,738
Gross rents$408,537$386,921$433,281$457,274$464,538$474,577$466,738
Less: rental expenses$0$0$0$0$0$0$0
Other investment income$-87,727$-393,934$317,447$77,553$370,116$0$0
Gain or (loss) from sales of assets other than inventory$119,386$28,876$92,839$480,215$2,931,429$-43,619$753,469
Gross amount from sales of assets other than inventory$119,386$362,620$92,839$480,215$2,931,429$13,510$755,957
Less: cost or other basis and sales expenses$0$333,744$0$0$0$57,129$2,488
Net income or (loss) from special events and activities$0$0$0$0$0$0$0
Gross revenue$0$0$0$0$0$0$0
Less: direct expenses other than fundraising expenses$0$0$0$0$0$0$0
Gross profit or (loss) from sales of inventory$0$0$0$0$0$0$0
Gross sales of inventory, less returns and allowances$0$0$0$0$0$0$0
Less: cost of goods sold$0$0$0$0$0$0$0
Other revenue$1,833,392$2,550,092$2,467,082$2,449,365$2,668,618$1,698,517$946,097
Total expenses$72,413,760$77,699,802$88,947,916$100,309,439$121,337,596$112,551,606$131,759,641
Program services$62,999,971$67,598,828$77,384,686$85,780,521$106,728,293$97,364,617$114,445,095
Management and general$9,413,789$10,100,974$11,563,230$14,528,918$14,609,303$15,186,989$17,314,546
Fundraising$0$0$0$0$0$0$0
Payments to affiliates$0$0$0$0$0$0$0
Net assets or fund balances at end of year$47,253,520$55,166,598$49,520,503$56,683,670$44,226,407$73,220,482$78,790,086
Excess or (deficit) for the year$8,276,100$9,803,032$313,605$3,236,113$-7,065,336$8,815,689$4,726,671
Net assets or fund balances at beginning of year$45,039,465$47,253,520$55,166,598$49,520,503$56,683,670$44,226,407$73,641,675
Other changes in net assets or fund balances$-6,062,045$-1,889,954$-5,959,700$3,927,054$-5,391,927$20,178,386$421,740
Statement of Functional Expenses (for 2007)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$131,759,641$114,445,095$17,314,546$0
Grants paid from donor advised funds$0
Other grants and allocations$2,020,486
Specific assistance to individuals$0
Benefits paid to or for members$0
Compensation of current officers, directors, key employees, etc.$294,526$254,765$39,761$0
Compensation of former officers, directors, key employees, etc.$193,145$167,070$26,075$0
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0$0$0
Salaries and wages of employees not included above$47,819,957$41,364,263$6,455,694$0
Pension plan contributions not included above$1,427,361$1,234,667$192,694$0
Employee benefits not included above$4,075,611$3,525,404$550,207$0
Payroll taxes$3,503,204$3,030,271$472,933$0
Professional fundraising fees$0$0$0$0
Accounting fees$34$29$5$0
Legal fees$298,896$258,545$40,351$0
Supplies$25,403,955$21,974,421$3,429,534$0
Telephone$191,409$165,569$25,840$0
Postage and shipping$86,497$74,820$11,677$0
Occupancy$2,183,260$1,888,520$294,740$0
Equipment rental and maintenance$3,549,041$3,069,920$479,121$0
Printing and publications$0$0$0$0
Travel$0$0$0$0
Conferences, conventions, and meetings$0$0$0$0
Interest$3,619,771$3,131,102$488,669$0
Depreciation, depletion, etc.$9,172,537$7,934,245$1,238,292$0
Other expenses not covered above$27,919,951$24,350,998$3,568,953$0
Balance Sheets
2000200120022003200420052007
Total assets$128,854,070$138,905,703$140,702,424$143,058,971$128,170,369$143,271,496$175,351,805
Cash - non-interest-bearing$0$0$0$0$0$15,851,738$26,696,688
Savings and temporary cash investments$10,770,309$464,637$2,503,001$1,737,001$9,255,247$0$0
Accounts receivable less allowance for doubtful accounts$8,744,907$11,042,929$13,577,499$21,281,359$15,052,494$17,940,194$16,807,787
Pledges receivable less allowance for doubtful accounts$3,365,446$2,920,146$3,164,291$3,292,445$3,404,918$0$0
Grants receivable$0$0$0$0$0$0$0
Receivables from current and former officers, directors, trustees, and key employees$0$0$0$0$0$46,438$39,800
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0
Other notes and loans receivable less allowance for doubtful accounts$0$247,456$2,354,782$644,010$3,000,000$10,223$82,014
Inventories for sale or use$1,698,755$2,119,947$2,817,555$2,749,758$3,255,841$2,529,767$2,383,813
Prepaid expenses and deferred charges$832,083$1,417,654$1,366,692$1,049,959$1,319,296$95,105$811,854
Investments - publicly-traded securities$0
Investments - other securities$0$0$0$0$0$0$0
Investments - land, buildings, and equipment less accumulated depreciation$0$0$0$95,986,706$87,025,437$0$0
Investments - other$10,019,277$59,071$0$0$0$0$4,047,983
Land, buildings, and equipment less accumulated depreciation$81,538,226$108,242,605$101,884,199$0$0$95,828,686$105,191,473
Other assets, including program-related investments$11,885,067$12,391,258$13,034,405$16,317,733$5,857,136$10,969,345$19,290,393
Total liabilities$81,600,550$83,739,105$91,181,921$86,375,301$83,943,962$70,051,014$96,561,719
Accounts payable and accrued expenses$12,175,401$12,057,049$20,221,653$16,555,578$20,591,966$8,265,278$561,442
Grants payable$0$0$0$0$0$0$0
Deferred revenue$0$0$0$0$0$15,224$14,548
Loans from officers, directors, trustees, and key employees$0$0$0$0$0$0$0
Tax-exempt bond liabilities$66,726,833$61,137,624$53,625,670$48,309,216$45,274,273$42,679,999$19,933,334
Mortgages and other notes payable$0$0$11,400,000$14,983,090$14,239,539$12,063,761$1,942,118
Other liabilities$2,698,316$10,544,432$5,934,598$6,527,417$3,838,184$7,026,752$74,110,277
Total liabilities and net assets/fund balances$128,854,070$138,905,703$140,702,424$143,058,971$128,170,369$143,271,496$175,351,805
Total net assets or fund balances$47,253,520$55,166,598$49,520,503$56,683,670$44,226,407$73,220,482$78,790,086
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
2000200120022003200420052007
Total revenue$80,689,860$87,502,834$89,261,521$103,545,552$114,272,260$0$136,486,312
Total revenue, gains, and other support per audited financial statements$68,564,648$73,435,851$84,362,410$99,183,682$110,500,679$0$135,887,550
Other expenses$558,188$445,300$0$128,154$112,473$0$78,039
Net unrealized gains on investments$0$0$0$0$0$0$0
Donated services and use of facilities$0$0$0$0$0$0$0
Recoveries of prior year grants$0$0$0$0$0$0$0
Other$558,188$445,300$0$128,154$112,473$0$78,039
Other revenue$12,683,400$14,512,283$4,899,111$4,490,024$3,884,054$0$676,801
Investment expenses$0$0$0$0$0$0$0
Other$12,683,400$14,512,283$4,899,111$4,490,024$3,884,054$0$676,801
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
2000200120022003200420052007
Total expenses$72,413,760$77,699,802$88,947,916$100,309,439$121,337,596$0$131,759,641
Total expenses and losses per audited financial statements$67,212,072$77,699,802$88,947,916$100,309,439$108,217,057$0$129,835,624
Other revenue$0$0$0$0$0$0$78,039
Donated services and use of facilities$0$0$0$0$0$0$0
Prior year adjustments$0$0$0$0$0$0$0
Losses$0$0$0$0$0$0$0
Other$0$0$0$0$0$0$78,039
Other expenses$5,201,688$0$0$0$13,120,539$0$2,002,056
Investment expenses$0$0$0$0$0$0$0
Other$5,201,688$0$0$0$13,120,539$0$2,002,056
Current Officers, Directors, Trustees, and Key Employees
Average hours per week devoted to positionCompensationContributions to employee benefit plans & deferred compensation plansExpense account and other allowances
40$233,139$53,569$7,818
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings3
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?No
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?Yes
Does the organization have a written conflict of interest policy?Yes
Former Officers, Directors, Trustees, and Key Employees That Received Compensation or Other Benefits
Loans and AdvancesCompensationContributions to employee benefit plans & deferred compensation plansExpense account and other allowances
$0$163,738$29,407$0
Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?Yes
Was there a liquidation, dissolution, termination, or substantial contraction during the year?No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?Yes
Direct and indirect political expenditures$0
Did the organization file Form 1120-POL for this year?No
Were substantially all dues nondeductible by members?
Did the organization make only in-house lobbying expenditures of $2,000 or less?
Dues, assessments, and similar amounts from members$0
Section 162(e) lobbying and political expenditures$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices$0
Taxable amount of lobbying and political expenditures$0
Does the organization elect to pay the section 6033(e) tax on the amount above?
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?Yes
Amount of tax imposed on the organization during the year under: section 4911$0
Amount of tax imposed on the organization during the year under: section 4912$0
Amount of tax imposed on the organization during the year under: section 4955$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?No
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958$0
Amount of tax above, reimbursed by the organization$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?No
Did the organization acquire a direct or indirect interest in any applicable insurance contract?No
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?No
Number of employees employed in the pay period that includes March 12, 20061,062
Analysis of Income-Producing Activities (for 2007)
Unrelated business incomeExcluded by section 512, 513, or 514Related or exempt function income
Business codeAmountExclusion codeAmount
Total$101,362$2,963,903$133,352,398
Program service revenue
Program service revenue 1000000$000$0$130,989,968
Program service revenue 2000000$000$0$2,301,360
Program service revenue 3000000$000$0$0
Program service revenue 4000000$000$0$0
Program service revenue 5000000$000$0$0
Medicare/Medicaid payments000000$000$0$0
Fees and contracts from government agencies000000$000$0$0
Membership dues and assessments000000$000$0$0
Interest on savings and temporary cash investments000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$960,031$0
Dividends and interest from securities000000$000$0$0
Net rental income or (loss) from real estate
debt-financed property000000$000$0$0
not debt-financed property000000$0Real property rental income that does not depend on the income or profits derived by the person leasing the property and is excluded by section 512(b)(3)$466,738$0
Net rental income or (loss) from personal property000000$000$0$0
Other investment income000000$000$0$0
Gain or (loss) from sales of assets other than inventory000000$0Gain (or loss, to the extent allowed) from the sale of investments and other non-inventory property and from certain property acquired from financial institutions that are in conservatorship or receivership (sections 512(b)(5) and 512(b)(16)(A))$753,469$0
Net income or (loss) from special events000000$000$0$0
Gross profit or (loss) from sales of inventory000000$000$0$0
Other revenueAll other ambulatory health care services$101,362Section 501(c)(3) organization - Income from an activity carried on primarily for the convenience of the organization's members, students, patients, visitors, officers, or employees (hospital parking lot or museum cafeteria, for example) (section 513(a)(2))$783,665$61,070
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2007)
EIN of corporation, partnership, or disregarded entityPercentage of ownership interestTotal incomeEnd-of-year assets
208256631100%$-312,146$3,335,337
260144898100%$0$0
0000000000%$0$0
0000000000%$0$0
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2007)
CompensationContributions to employee benefit plans & deferred compensationExpense account and other allowances
$196,546$46,739$0
$181,691$32,034$0
$189,896$17,231$0
$155,505$45,745$0
$157,635$40,809$0
Total number of other employees paid over $50,000345
Statements About Activities (for 2007)
Expenses paid or incurred in connection with the lobbying activities$0
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?No
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?No
Did the organization maintain any donor advised funds?No
Did the organization make any taxable distributions under section 4966?No
Did the organization make a distribution to a donor, donor advisor, or related person?No
The total number of donor advised funds owned at the end of the tax year$0
The aggregate value of assets held in all donor advised funds owned at the end of the tax year$0
The total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts$0
The aggregate value of assets held in all funds or accounts included above at the end of the tax year$0
Reason for Non-Private Foundation Status
The organization is not a private foundation because it isHospital, or a cooperative hospital service organization
Support Schedule
1999200020012002200320042006
Total$0$0$0$0$0$0$0
Gifts, grants, and contributions received$0$0$0$0$0$0$0
Membership fees received$0$0$0$0$0$0$0
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose$0$0$0$0$0$0$0
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975$0$0$0$0$0$0$0
Net income from unrelated business activities not included above$0$0$0$0$0$0$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf$0$0$0$0$0$0$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge$0$0$0$0$0$0$0
Other income$0$0$0$0$0$0$0
Lobbying Expenditures by Electing Public Charities (for 2007)
Total exempt purpose expenditures$0
Total lobbying expenditures$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)$0
Total lobbying expenditures to influence a legislative body (direct lobbying)$0
Other exempt purpose expenditures$0
Lobbying nontaxable amount$0
Grassroots nontaxable amount$0
Unrelated Trade or Business Income (for 2008)
IncomeExpensesNet
Total$129,908$0$129,908
Gross receipts or sales less returns and allowances$0$0$0
Cost of goods sold$0$0$0
Gross profit$0$0$0
Capital gain net income$0$0$0
Net gain$-160$0$-160
Capital loss deduction for trusts$0$0$0
Income (loss) from partnerships and S corporations$130,068$0$130,068
Rent income$0$0$0
Unrelated debt-financed income$0$0$0
Interest, annuities, royalties, and rents from controlled organizations$0$0$0
Investment income of a section 501(c)(7), (9), or (17) organization$0$0$0
Exploited exempt activity income$0$0$0
Advertising income$0$0$0
Other income$0$0$0
Deductions Not Taken Elsewhere (for 2008)
Total deductions$19,306
Compensation of officers, directors, and trustees$0
Salaries and wages$0
Repairs and maintenance$0
Bad debts$0
Interest$0
Taxes and licenses$7,128
Charitable contributions$12,178
Depreciation$0
Depletion$0
Contributions to deferred compensation plans$0
Employee benefit programs$0
Excess exempt expenses$0
Excess readership costs$0
Other deductions$0
Unrelated business taxable income$109,602
Unrelated business taxable income before net operating loss deduction$110,602
Net operating loss deduction$0
Unrelated business taxable income before specific deduction$110,602
Specific deduction$1,000
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Number of organizations performing similar types of work
Alaska3
Alabama19
Arkansas22
Arizona15
California112
Colorado25
Connecticut29
District of Columbia2
Delaware6
Florida53
Georgia52
Hawaii5
Iowa27
Idaho9
Illinois104
Indiana48
Kansas25
Kentucky32
Louisiana22
Massachusetts44
Maryland41
Maine19
Michigan58
Minnesota34
Missouri50
Mississippi19
Montana11
North Carolina47
North Dakota12
Nebraska20
New Hampshire21
New Jersey50
New Mexico7
Nevada4
New York130
Ohio96
Oklahoma17
Oregon24
Pennsylvania131
Rhode Island10
South Carolina15
South Dakota9
Tennessee25
Texas57
Virginia37
Vermont8
Washington22
Wisconsin67
West Virginia24
International10
Total1,729

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