Amity Medical Group Inc
- Assets
- $3.3m
- Revenue
- $10.9m
- Investments
- $0.0
- Employees
- 49
- Location
- Charlotte, NC
- Founding
- 12/2014
- Data as of
- 12/2021
- EIN
- 47-1195624
Organization Overview
Amity Medical Group Inc is located in Charlotte, NC. The organization was established in 2014. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. As of 12/2021, Amity Medical Group Inc employed 49 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Amity Medical Group 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, Amity Medical Group Inc generated $10.9m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 42.6% each year . All expenses for the organization totaled $10.8m during the year ending 12/2021. While expenses have increased by 42.7% per year over the past 5 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 PATIENT-CENTERED TEAM-BASED CARE WITH EXCELLENCE IN QUALITY, SERVICES, AND ACCESS TO ALL DESPITE ANY BARRIERS, STIGMA, SOCIOECONOMIC OR HEALTH DISPARITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OUTPATIENT AMBULATORY MEDICAL CARE SERVICES - WE PROVIDE MEDICAL CARE AND TREATMENT TO PATIENTS. WE PROVIDE PRIMARY CARE, HIV SPECIALTY CARE, ADDICTION AND SUBSTANCE USE DISORDERS, CHRONIC CARE MANAGEMENT, REMOTE PATIENT MONITORING AND MORE. THESE SERVICES ARE BILLED TO THIRD PARTY INSURANCE COMPANIES, GRANT-FUNDED (IF APPROPRIATED), SELF-PAY PATIENT RESPONSBILITY OR THROUGH OUR SLIDING SCALE DISCOUNT PROGRAM. HOWEVER, A MAJORITY OF THE FUNDS FOR MEDICAL CARE COMES FROM THIRD PARTY INSURANCE BILLING.
GRANT-FUNDED PROGRAMS - WE HAD 3 GRANTS IN 2021: RYAN WHITE, MECKLENBURG COUNTY PREP PROGRAM, AND CARES ACT. RYAN WHITE GRANT IS FOR THE MEDICAL CARE AND TREATMENT OF HIV POSITIVE PATIENTS. PREP GRANT IS FOR THE MEDICAL CARE AND MEDICATIONS FOR THE PREVENTION OF HIV IN HIGH-RISK HIV-NEGATIVE PATIENTS. CARES ACT GRANT IS A COVID-19 RELATED GRANT TO HELP THE CLINIC AND THE PATIENTS GET THE PROPER PPE TO PREVENT THE SPREAD OF COVID-19 INFECTIONS.
340B PRESCRIPTION DRUG PROGRAM - AS A RYAN WHITE GRANT-FUNDED ENTITY, WE PROVIDE MEDICAL CARE SERVICES AND TREATMENT SUPPORT AT LITTLE TO NO COST TO UNDERSERVED, LOW-INCOME HIV POSITIVE INDIVIDUALS AND THEIR CAREGIVERS. ELIGIBLE 340B PRESCRIPTIONS ARE DISPENSED AT CONTRACTED PHARMACIES AND THE COST SAVINGS GENERATED BECOME OUR PROGRAM INCOME. THESE FUNDS ARE USED TO GENERATE MORE SERVICES AND PROGRAM TO CONTINUE TO SERVE THE UNDERSERVED COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard T Wynn Supervising Physician/pcp Dir | Officer | 40 | $351,596 |
Heather Manoes Physician | Officer | 40 | $221,397 |
Joel Wesley Thompson Hiv Director | Officer | 40 | $202,527 |
Jerry Saunders Phsyician | Officer | 40 | $186,827 |
Olivia S Bentley Executive Director | Officer | 40 | $148,900 |
Mandy Irvin Clinical Pharmacist | 40 | $128,294 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $553,800 |
| All other contributions, gifts, grants, and similar amounts not included above | $38,781 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $592,581 |
| Total Program Service Revenue | $10,318,610 |
| 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 | $10,911,191 |
| 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. | $1,336,200 |
| Compensation of current officers, directors, key employees. | $120,258 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,666,733 |
| Pension plan accruals and contributions | $31,018 |
| Other employee benefits | $48,578 |
| Payroll taxes | $185,336 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,052 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $357,580 |
| Advertising and promotion | $27,914 |
| Office expenses | $510,665 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $272,847 |
| 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 | $114,906 |
| Insurance | $36,755 |
| All other expenses | $9,136 |
| Total functional expenses | $10,825,347 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,600,106 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $75,239 |
| Accounts receivable, net | $1,084,825 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $62,215 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $464,634 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $13,209 |
| Total assets | $3,300,228 |
| Accounts payable and accrued expenses | $590,528 |
| 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 | $590,528 |
| Net assets without donor restrictions | $2,709,700 |
| 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 | $3,300,228 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Amity Medical Group Inc has recieved totaling $40.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $40 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Educational Foundation Inc Chapel Hill, NC | $193,854,804 | $63,834,996 |
Nc Student Aid Association Inc Raleigh, NC | $102,296,557 | $23,877,668 |
Virginia Student Aid Foundation Charlottesville, VA | $165,530,915 | $45,876,846 |
Georgia Goal Scholarship Program Inc Peachtree Corners, GA | $58,000,031 | $45,569,079 |
Meeting Street Schools Charleston, SC | $31,326,851 | $31,027,510 |
Georgia State University Athletic Association Inc Atlanta, GA | $12,025,331 | $28,251,593 |
The North Carolina A&t Real Estate Foundation Inc Greensboro, NC | $169,150,909 | $33,021,773 |
Horatio Alger Association Of Distinguished Americans Inc Alexandria, VA | $58,355,936 | $27,092,429 |
Hca Healthcare Foundation Nashville, TN | $97,582,102 | $44,453,527 |
James Madison University Foundation Inc Harrisonburg, VA | $191,139,680 | $18,508,438 |
Marine Corps Scholarship Foundation Inc Alexandria, VA | $149,128,193 | $34,285,716 |
Children Of Fallen Patriots Foundation Reston, VA | $18,264,760 | $13,060,746 |