Overview
What is H Lee Moffitt Cancer Center And Research Institute Hospital Inc?
The H. Lee Moffitt Cancer Center and Research Institute Hospital Inc, located in Tampa, Florida, is a prominent nonprofit organization dedicated to the prevention and cure of cancer. Established in 1986, this comprehensive cancer center, one of only 49 in the nation with NCI designation, has been nationally ranked by U.S. News & World Report since 1999. With over 5,700 employees, it boasts an impressive economic impact of $2.1 billion on Florida. The hospital's mission is to provide innovative research, collaborating between researchers and physicians, as well as comprehensive cancer treatment. Research trials and studies are crucial for new medical discoveries and improved patient care. Moffitt is committed to providing services and education to those in need, offering free charity care to those unable to pay and specialized oncology care to the state of Florida. Despite the importance of reimbursement, Moffitt's dedication to its mission includes providing care for patients covered by governmental programs, leadership in cancer prevention and screening activities, and a wide array of outreach and educational programs for the general public and underserved populations. In FY 2022, the hospital recorded 598,326 outpatient visits and 10,364 admissions.
Official website here: www.moffitt.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
H Lee Moffitt Cancer Center and Research Institute Hospital Inc has achieved an impressive Four-Star rating from Charity Navigator, reflecting a high level of accountability and financial health. The rating is based solely on the charity's strong performance in the Accountability & Finance category, achieving a score of 96. This indicates a robust commitment to transparent operations and responsible financial management.
The organization excels in various aspects, including having a fully independent board and a comprehensive audit and oversight committee. It demonstrates prudent financial practices with a low liabilities-to-assets ratio of 26.99% and an impressive program expense ratio of 87.12%, indicating that a significant portion of its funds is directed toward its mission rather than administrative costs.
There are no noted limitations in the available data, and the charity's policies, including conflict of interest and whistleblower policies, are well-documented and easily accessible. Overall, H Lee Moffitt Cancer Center and Research Institute presents itself as a reliable and financially sound organization dedicated to its purpose in cancer research and treatment.
This AI summary has been generated from information found on Charity Navigator.
Is H Lee Moffitt Cancer Center And Research Institute Hospital Inc legitimate?
H Lee Moffitt Cancer Center And Research Institute Hospital Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. H Lee Moffitt Cancer Center And Research Institute Hospital Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $3,729,491
Professional Fundraising Fees: $0
Other Salaries and Wages: $390,133,492
For more financial information, click here
Official website here: www.moffitt.org
What is the mission statement of H Lee Moffitt Cancer Center And Research Institute Hospital Inc?
The H. Lee Moffitt Cancer Center and Research Institute Hospital Inc is dedicated to contributing to the prevention and cure of cancer. Since its establishment, it has been driven by the mission to make a difference in cancer care. As a leading Comprehensive Cancer Center, it collaborates between researchers and physicians to conduct clinical trials and studies, exploring new ways to improve patient care through medical discoveries. The hospital recognizes the importance of providing essential services to those in need, offering care to patients covered by governmental programs at a reduced cost, and providing free charity care for those unable to pay. The institution takes a leadership role in cancer prevention and screening activities, making it a critical resource for the community. Despite the significance of reimbursement for its operations, the hospital remains committed to providing services and education to those who need it most.
Official website here: www.moffitt.org
Who is the CEO of H Lee Moffitt Cancer Center And Research Institute Hospital Inc?
Sarabdeep Singh is the Hospital President As Of 11/1/21 of H Lee Moffitt Cancer Center And Research Institute Hospital Inc.
Official website here: www.moffitt.org
What is the revenue of H Lee Moffitt Cancer Center And Research Institute Hospital Inc?
H Lee Moffitt Cancer Center And Research Institute Hospital Inc's revenue in 2022 was $1,753,776,154.
Official website here: www.moffitt.org
Who are the executives of H Lee Moffitt Cancer Center And Research Institute Hospital Inc and what are their salaries?
The average compensation at H Lee Moffitt Cancer Center And Research Institute Hospital Inc during 2022 was $75,772. There are 5198 employees and 629 volunteers at H Lee Moffitt Cancer Center And Research Institute Hospital Inc.
Here are 38 key members and their salaries:
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- Related: $729,922
- Other: $308,074
Official website here: www.moffitt.org
Where can I find the form 990 for H Lee Moffitt Cancer Center And Research Institute Hospital Inc?
H Lee Moffitt Cancer Center And Research Institute Hospital Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.moffitt.org
Learn more at the official website: www.moffitt.org
Mission Statement of H Lee Moffitt Cancer Center And Research Institute Hospital Inc
The H. Lee Moffitt Cancer Center and Research Institute Hospital Inc is a leading institution dedicated to the prevention and cure of cancer. With a mission to contribute to this noble cause, the organization has been a trailblazer in cancer research since its inception in 1986. As a Comprehensive Cancer Center affiliated with the National Cancer Institute, the Hospital is one of only 49 in the nation to hold this prestigious distinction. It is consistently ranked among the top 10 cancer hospitals in the country by U.S. News & World Report, and its team of over 5,700 employees boasts an impressive economic impact of $2.1 billion on Florida.
At the heart of the H. Lee Moffitt Cancer Center and Research Institute Hospital Inc lies its commitment to research. The organization's clinical trials and studies often involve collaborations between its researchers and physicians, who work together to explore new medical discoveries and improve patient care. Each participant plays a crucial role in bringing the next breakthrough in cancer treatment one step closer to reality.
In addition to its research efforts, the Hospital recognizes its responsibility to provide services and education to those in need of specialized research capabilities. Patients who meet the hospital's medical and surgical protocols but cannot pay for their care will be treated. The Hospital's mission is not limited to providing affordable care for those covered by governmental programs but also extends to offering free charity care to those who cannot pay. Moreover, the organization plays a pivotal role in oncology specialization in Florida by involvement in investigational protocols, education of future physicians, and continuing professional education for physicians and other healthcare professionals.
The H. Lee Moffitt Cancer Center and Research Institute Hospital Inc is a critical resource for the state of Florida, which ranks second in the nation in both cancer incidence and mortality. With a license for 218 beds and over 2 million square feet dedicated to research and patient care, the organization provides a wide array of outreach and educational activities for the general public and select underserved populations. In Fiscal Year 2022, the Hospital recorded 598,326 outpatient visits and 10,364 admissions.
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Impact
October, 2024
H. Lee Moffitt Cancer Center and Research Institute Hospital Inc. plays a pivotal role in advancing cancer treatment, prevention, and research. Established in 1986 and situated on the University of South Florida campus in Tampa, it has emerged as a leading facility dedicated to combating cancer. Recognized as one of the 49 National Cancer Institute Comprehensive Cancer Centers, Moffitt has consistently been ranked among the top 10 cancer hospitals in the U.S. by U.S. News & World Report since 1999.
The institute's economic impact on Florida is notable, contributing approximately $2.1 billion to the state's economy and employing over 5,700 individuals. Moffitt is dedicated to innovative research, with numerous clinical trials designed to test new treatments and enhance current therapies. These trials are essential for fostering breakthroughs in cancer care, directly benefiting patients and advancing medical knowledge.
In addition to research, Moffitt is committed to providing essential services to patients regardless of their ability to pay. This includes offering care at below cost for those on governmental programs, providing free charity care, and ensuring that specialized oncology services are accessible to underserved populations.
Moffitt also plays a crucial role in public health by engaging in cancer prevention and screening initiatives. Through extensive outreach and educational programs, the center aims to improve cancer awareness and access to care within the community, particularly in Florida, where cancer incidence and mortality rates are among the highest in the nation.
With a licensed capacity of 218 beds and over 2 million square feet dedicated to research and patient care, Moffitt is an invaluable resource for both patients and the medical community, reaffirming its mission to contribute to the prevention and cure of cancer. In the fiscal year 2022 alone, the hospital recorded nearly 600,000 outpatient visits and over 10,000 admissions, underscoring its critical role in patient care and cancer treatment.
This information is meant to be a general summary of H Lee Moffitt Cancer Center And Research Institute Hospital Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: -$231,668
- Program Service Revenue: $1,735,806,498
- Gross Receipts: $1,754,115,227
Assets and Liabilities:
- Total Assets: $351,948,718
- Total Liabilities: $104,682,698
- Net Assets: $247,266,020
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
NET PATIENT SERVICE REVENUE
Revenue
$1,682,018,107
SPECIALTY PHARMACY
Revenue
$52,541,081
OUTPATIENT PHARMACY
Revenue
$800,000
EDUCATION CONFERENCES
Revenue
$246,041
BMT-NMDP PROGRAM
Revenue
$136,185
Organization Details
Founding Year
1994
Phone
(813) 745-4673Principal Officer
Sarabdeep Singh
Main Address
12902 MAGNOLIA DRIVE, TAMPA, FL, 33612
Website
www.moffitt.orgNTEE Category
Code: E240 - Health
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