Montage Medical Group
- Assets
- $6.2m
- Revenue
- $54.9m
- Investments
- $0.0
- Employees
- 319
- Location
- Monterey, CA
- Founding
- 02/2010
- Data as of
- 12/2021
- EIN
- 26-4826604
Organization Overview
Montage Medical Group is located in Monterey, CA. The organization was established in 2010. According to its NTEE Classification (E30) the organization is classified as: Ambulatory & Primary Health Care, under the broad grouping of Health Care and related organizations. As of 12/2021, Montage Medical Group employed 319 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Montage Medical Group is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Montage Medical Group generated $54.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 22.9% each year . All expenses for the organization totaled $58.4m during the year ending 12/2021. While expenses have increased by 20.4% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE HEALTH CARE FOR THE GENERAL PUBLIC, CARRY ON ANY EDUCATIONAL ACTIVITIES RELATED TO RENDERING CARE TO THE SICK OR INJURED, AND TO PARTICIPATE IN SCIENTIFIC HEALTHCARE-RELATED RESEARCH TO PROMOTE THE GENERAL HEALTH OF THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DIRECT CLINICAL SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steven J Fowler Physician | 50 | $1,124,586 | |
Gregory Scott Spowart Physician | 50 | $852,579 | |
Ambreen Laeeq Physician | 50 | $821,000 | |
Nupur Sinha Physician | 50 | $792,318 | |
Larry Berte Physician | 50 | $676,973 | |
Thomas Cunningham MD Director | Trustee | 4 | $339,909 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Community Health Innovations Health Services | 12/30/21 | $152,985 |
Spotless Facility Services Janitorial Services | 12/30/21 | $198,429 |
Sonia Barkat Consulting Services | 12/30/21 | $168,798 |
Cypress Healthcare Partners Management Services | 12/30/21 | $2,841,590 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $18,481,600 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $18,481,600 |
| Total Program Service Revenue | $32,286,089 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $54,870,218 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $708,400 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $32,323,473 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $5,278,852 |
| Payroll taxes | $1,616,224 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,216,499 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $3,051,337 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $535,283 |
| Insurance | $0 |
| All other expenses | $941,028 |
| Total functional expenses | $58,412,705 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,452,251 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,543,694 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $109,298 |
| Net Land, buildings, and equipment | $1,219,853 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $920,978 |
| Total assets | $6,246,074 |
| Accounts payable and accrued expenses | $4,831,526 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $51,241,993 |
| Total liabilities | $56,073,519 |
| Net assets without donor restrictions | -$49,827,445 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $6,246,074 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Montage Medical Group has recieved totaling $18,481,600.
| Awarding Organization | Amount |
|---|---|
Montage Health Monterey, CA PURPOSE: GENERAL OPERATIONS | $16,030,000 |
Montage Health Foundation Monterey, CA PURPOSE: PHYSICIAN RECRUITMENT AND TRAINING, OUTPATIENT IMMUNOLOGY SERVICES | $2,451,600 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
La Clinica De La Raza Inc Oakland, CA | $148,316,145 | $121,956,055 |
Community Medical Centers Inc Stockton, CA | $80,924,319 | $108,026,875 |
Marana Health Center Inc Marana, AZ | $64,740,218 | $80,721,822 |
Clinicas De Salud Del Pueblo Inc El Centro, CA | $60,406,470 | $80,859,824 |
Gardner Family Health Network Inc Alviso, CA | $42,029,978 | $73,924,368 |
Kauai Medical Clinic Honolulu, HI | $25,849,919 | $63,113,020 |
Asian Health Services Oakland, CA | $107,043,316 | $75,776,909 |
Montage Medical Group Monterey, CA | $6,246,074 | $54,870,218 |
Centennial Medical Group Inc Roseburg, OR | $20,539,880 | $40,787,906 |
Sun Life Family Health Center Inc Case Grande, AZ | $50,187,289 | $64,448,701 |
Riverside-San Bernardino County Indian Health Inc Grand Terrace, CA | $159,947,139 | $92,692,738 |
Nevada Health Centers Inc Carson City, NV | $41,549,855 | $55,310,099 |