Evms Academic Physicians And Surgeons Health Services Foundatio
- Assets
- $38.0m
- Revenue
- $80.5m
- Investments
- $0.0
- Employees
- 622
- Location
- Norfolk, VA
- Founding
- 11/1988
- Data as of
- 06/2022
- EIN
- 52-1576648
Organization Overview
Evms Academic Physicians And Surgeons Health Services Foundatio, operating under the name EVMS Medical Group, is located in Norfolk, VA. The organization was established in 1988. According to its NTEE Classification (E31) the organization is classified as: Group Health Practices, under the broad grouping of Health Care and related organizations. As of 06/2022, EVMS Medical Group employed 622 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. EVMS 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 06/2022, EVMS Medical Group generated $80.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.9% each year. All expenses for the organization totaled $73.2m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, EVMS Medical Group has awarded 20 individual grants totaling $28,232,770. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORTS CLINICAL PRACTICE AND RESEARCH AT EVMS IN CONJUNCTION WITH PROVIDING (CONTINUED ON SCH. O) FACULTY THE OPPORTUNITY TO TEACH IN A PHYSICIAN GROUP SETTING WITHIN AN ACADEMIC ENVIRONMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OVER 150 PHYSICIANS AND OTHER PROVIDERS PRESENT 19 SPECIALTIES IN PRIMARY CARE, MEDICAL AND SURGICAL CARE, AND RADIATION ONCOLOGY WITH FULL-TIME CLINICAL PRACTICES. OUR OFFICES ARE LOCATED THROUGHOUT THE GREATER HAMPTON ROADS REGION, WITH MOST SPECIALTIES AVAILABLE ON THE CAMPUS OF EVMS.FOUNDATION PHYSICIANS AND OTHER PROVIDERS SUPPORT PATIENTS THROUGH COMPREHENSIVE SERVICES, AWARD-WINNING MEDICAL RESEARCH, SPECIALIZED PATIENT CARE PROGRAMS IN CANCER, DIABETES, GERIATRICS, TRAUMA AND WOMEN'S HEALTH, AND COLLABORATION WITH NATIONAL AND INTERNATIONAL PARTNERS DEVELOPING MEDICAL TECHNOLOGIES FOR THE FUTURE.(CONTINUED ON SCH. O)WE PRIDE OURSELVES ON STAYING UP TO DATE ON THE LATEST AND SAFEST THERAPIES, TREATMENTS AND TECHNOLOGY. OUR PRACTICES USE AN ELECTRONIC HEALTH RECORD, OR EHR, THAT ALLOWS US TO SERVE OUR PATIENTS FASTER AND BETTER. THE EHR REPLACES THE OLD PAPER MEDICAL CHART WITH SECURE COMPUTERIZED RECORDS WITH ADDED BENEFITS SUCH AS ELECTRONIC PRESCRIBING AND REMOTE ACCESS TO PATIENT MEDICAL INFORMATION. OUR PHYSICIANS CAN VIEW SECURE MEDICAL RECORDS ANYTIME FROM ANYWHERE TO SAFELY PROVIDE AFTER-HOURS OR EMERGENCY CARE. OUR VALUES OF EXCELLENCE, INTEGRITY, TEAMWORK AND SERVICE DRIVE US TO PROVIDE PATIENT-CENTERED QUALITY HEALTHCARE TO THE PATIENTS THAT WE SERVE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Barry Strasnick MD Medical Director | Trustee | 60 | $1,163,509 |
Alfred Abuhamad Board Chairman | Trustee | 60 | $991,694 |
L D Britt MD Director | Trustee | 60 | $904,825 |
Richard V Homan MD Board Chairman (until 08/21) | OfficerTrustee | 10 | $882,563 |
Mark Sinesi MD Director (until 09/21) | Trustee | 60 | $842,569 |
Scott Williams MD Director | Trustee | 60 | $841,517 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Language Line Services Inc Translation Services | 6/29/22 | $179,815 |
Medical Temporaries Inc Temp Staff Services | 6/29/22 | $265,346 |
Reproductive Biology Resources Inc Consulting Services | 6/29/22 | $184,184 |
Aerotekaston Carteractalent Temp Staff Services | 6/29/22 | $724,998 |
Kpmg Llp Audit And Tax Svcs | 6/29/22 | $145,100 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $130,774 |
| 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 | $130,774 |
| Total Program Service Revenue | $75,847,264 |
| Investment income | $159,950 |
| 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 | $80,545,238 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,790,034 |
| 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. | $4,041,116 |
| Compensation of current officers, directors, key employees. | $531,062 |
| Compensation to disqualified persons | $117,779 |
| Other salaries and wages | $39,453,554 |
| Pension plan accruals and contributions | $1,229,360 |
| Other employee benefits | $3,556,066 |
| Payroll taxes | $2,477,172 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $68,428 |
| Fees for services: Accounting | $110,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,628,020 |
| Advertising and promotion | $32,476 |
| Office expenses | $5,110,131 |
| Information technology | $2,142,136 |
| Royalties | $0 |
| Occupancy | $2,491,785 |
| Travel | $78,935 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $32,477 |
| Interest | $24,879 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $972,434 |
| Insurance | $1,273,693 |
| All other expenses | $985,629 |
| Total functional expenses | $73,185,528 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,010 |
| Savings and temporary cash investments | $18,932,271 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $12,578,878 |
| 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 | $645,453 |
| Net Land, buildings, and equipment | $1,771,045 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,119,126 |
| Total assets | $38,048,783 |
| Accounts payable and accrued expenses | $4,009,435 |
| 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 | $300,000 |
| Other liabilities | $15,873,979 |
| Total liabilities | $20,183,414 |
| Net assets without donor restrictions | $75,297 |
| Net assets with donor restrictions | $17,790,072 |
| 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 | $38,048,783 |
Grants Awarded
Over the last fiscal year, Evms Academic Physicians And Surgeons Health Services Foundatio has awarded $4,790,034 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Norfolk, VA PURPOSE: DEAN'S FUND | $3,193,356 |
Norfolk, VA PURPOSE: CHAIRMAN'S FUND | $1,596,678 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Evms Academic Physicians And Surgeons Health Services Foundatio has recieved totaling $44,428.
| Awarding Organization | Amount |
|---|---|
Eastern Virginia Medical School Foundation Norfolk, VA PURPOSE: RESEARCH AND EDUCATION APPROPRIATIONS, SCHOLARSHIPS | $44,428 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
St Paul Place Specialists Inc Baltimore, MD | $16,847,824 | $118,131,477 |
Upper Chesapeake Medical Services Inc Bel Air, MD | $8,746,734 | $70,856,263 |
National Committee For Quality Assurance Washington, DC | $157,584,366 | $98,616,924 |
Evms Academic Physicians And Surgeons Health Services Foundatio Norfolk, VA | $38,048,783 | $80,545,238 |
Mercy Health Services Inc Baltimore, MD | $50,989,055 | $61,018,770 |
University Of Maryland Physicians Pa Baltimore, MD | $12,108,833 | $55,990,140 |
Univ Of Md Pathology Associates P A Baltimore, MD | $30,576,725 | $62,462,999 |
Medical Education Assistance Corporation Mountain Home, TN | $46,494,527 | $58,785,837 |
Total Health Care Inc Baltimore, MD | $37,031,323 | $48,696,719 |
University Of Maryland Diagnostic Imaging Specialists P A Baltimore, MD | $14,549,519 | $34,682,952 |
Wake Forest Emergency Providers Winstonsalem, NC | $15,326,741 | $25,615,957 |
University Of Maryland Anesthesiology Associates P A Baltimore, MD | $15,602,905 | $24,321,294 |