Gerimed Inc
- Assets
- $1.3m
- Revenue
- $681.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Omaha, NE
- Founding
- 05/1994
- Data as of
- 12/2021
- EIN
- 47-0727973
Organization Overview
Gerimed Inc is located in Omaha, NE. The organization was established in 1994. According to its NTEE Classification (E60) the organization is classified as: Health Support, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gerimed Inc 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, Gerimed Inc generated $681.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.3% each year. All expenses for the organization totaled $683.2k during the year ending 12/2021. While expenses have increased by 0.6% 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 QUALITY PHARMACY SERVICE TO THE RESIDENTS OF OUR HEALTHCARE FAMILY AND OTHER NONPROFIT CARE COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SALES OF PHARMACEUTICALS TO RESIDENTS AND PATIENTS OF AFFILIATED EXEMPT ENTITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Debra L Thacker CFO | OfficerTrustee | 2 | $0 |
Lois M Jordan President/ceo | OfficerTrustee | 2 | $0 |
Lyn Holley Secretary/treasurer | OfficerTrustee | 1 | $0 |
Stephanie O'keefe Chairman | OfficerTrustee | 1 | $0 |
Robert A Bloechle Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $80,000 |
| Government grants | $7,527 |
| 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 | $87,527 |
| Total Program Service Revenue | $37,473 |
| Investment income | $20,687 |
| 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 | $535,433 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $681,120 |
| 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 | $114,077 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $32,595 |
| Payroll taxes | $0 |
| Fees for services: Management | $443,054 |
| Fees for services: Legal | $1,878 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,094 |
| Fees for services: Other | $21,376 |
| Advertising and promotion | $0 |
| Office expenses | $2,636 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $28,620 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $774 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,893 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $683,195 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $200 |
| Savings and temporary cash investments | $83,440 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $39,649 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $580,462 |
| Inventories for sale or use | $128,896 |
| Prepaid expenses and deferred charges | $3,546 |
| Net Land, buildings, and equipment | $21,347 |
| Investments—publicly traded securities | $458,998 |
| Investments—other securities | $0 |
| Investments—program-related | $5,000 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,321,538 |
| Accounts payable and accrued expenses | $36,076 |
| 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 | $0 |
| Total liabilities | $36,076 |
| Net assets without donor restrictions | $1,285,462 |
| 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 | $1,321,538 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Gerimed Inc has recieved totaling $80,000.
| Awarding Organization | Amount |
|---|---|
Florence Home For The Aged Omaha, NE PURPOSE: TO ASSIST WITH ONGOING NEEDS OF THE ORGANIZATION | $80,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Njh-Sjh Inc Broomfield, CO | $0 | $54,840,420 |
Community Reach Center Inc Westminster, CO | $18,315,098 | $37,914,807 |
Seton Medical Group Inc St Louis, MO | $14,923,551 | $27,206,078 |
St Louis Regional Health Commission St Louis, MO | $9,267,214 | $27,779,913 |
Rx Outreach Inc Maryland Heights, MO | $3,894,109 | $16,595,377 |
Ascension Wisconsin Laboratories Inc St Louis, MO | $6,280,554 | $20,897,909 |
F-M Ambulance Service Inc Sioux Falls, SD | $6,709,124 | $18,663,310 |
Trailhead Institute Denver, CO | $6,610,100 | $14,567,385 |
Kvc Behavioral Healthcare Nebraska Inc Omaha, NE | $2,564,475 | $14,212,520 |
Wesleylife Johnston, IA | $18,059,987 | $10,517,468 |
Chn Nebraska Omaha, NE | $7,755,122 | $8,559,146 |
North Colorado Health Alliance Evans, CO | $8,807,533 | $9,193,017 |