Sanford School Of Medicine Of The Usd Residency Corporation
- Assets
- $1.2m
- Revenue
- $11.9m
- Investments
- $0.0
- Employees
- 154
- Location
- Sioux Falls, SD
- Founding
- 02/1993
- Data as of
- 06/2023
- EIN
- 46-0418678
Organization Overview
Sanford School Of Medicine Of The Usd Residency Corporation is located in Sioux Falls, SD. The organization was established in 1993. As of 06/2023, Sanford School Of Medicine Of The Usd Residency Corporation employed 154 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sanford School Of Medicine Of The Usd Residency Corporation 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 06/2023, Sanford School Of Medicine Of The Usd Residency Corporation generated $11.9m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.6% each year. All expenses for the organization totaled $11.8m during the year ending 06/2023. While expenses have increased by 3.6% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
COMMON PAYMASTER FOR UNIVERSITY OF SOUTH DAKOTA SANFORD SCHOOL OF MEDICINE RESIDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMON PAYMASTER FOR UNIVERSITY OF SOUTH DAKOTA SANFORD SCHOOL OF MEDICINE RESIDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph Fanciullo MD Vice President | OfficerTrustee | 28 | $0 |
Nedd Brown Edd President | OfficerTrustee | 40 | $0 |
Thavam Thambi-Pillai MD Secretary/treasurer | OfficerTrustee | 1 | $0 |
Amy Bialas Edd Director | Trustee | 1 | $0 |
Michael Elliot MD Director | Trustee | 1 | $0 |
Mark Vortherms Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| 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 | $0 |
| Total Program Service Revenue | $11,931,930 |
| Investment income | $1,027 |
| 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 | $11,932,957 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $8,850,750 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,924,595 |
| Payroll taxes | $556,736 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $24,000 |
| Fees for services: Accounting | $12,264 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $18,251 |
| Advertising and promotion | $0 |
| Office expenses | $13,705 |
| Information technology | $34,883 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $18,628 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $14,148 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,369 |
| Insurance | $126,714 |
| All other expenses | $3,176 |
| Total functional expenses | $11,847,511 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $869,165 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $115,561 |
| 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 | $186,349 |
| Net Land, buildings, and equipment | $4,410 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,175,485 |
| Accounts payable and accrued expenses | $169,367 |
| Grants payable | $0 |
| Deferred revenue | $81,781 |
| 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 | $0 |
| Total liabilities | $251,148 |
| Net assets without donor restrictions | $924,337 |
| 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 | $1,175,485 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Sanford School Of Medicine Of The Usd Residency Corporation Sioux Falls, SD | $1,175,485 | $11,932,957 |
Center For Family Medicine Sioux Falls, SD | $8,046,066 | $4,859,625 |
Cedar Rapids Medical Education Foundation Cedar Rapids, IA | $61,754 | $266,885 |
Nebraska Academy Of Physician Assistants Inc Lincoln, NE | $1,096,435 | $198,150 |
South Dakota State Medical Association Foundation Sioux Falls, SD | $6,379,643 | $489,988 |