University Of Virginia Physicians Group
- Assets
- $487.4m
- Revenue
- $581.0m
- Investments
- $154.4m
- Employees
- 2,149
- Location
- Charlottesville, VA
- Founding
- 12/1980
- Data as of
- 06/2021
- EIN
- 54-1124769
Organization Overview
University Of Virginia Physicians Group is located in Charlottesville, VA. The organization was established in 1980. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. As of 06/2021, University Of Virginia Physicians Group employed 2,149 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. University Of Virginia Physicians 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 06/2021, University Of Virginia Physicians Group generated $581.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.9% each year. All expenses for the organization totaled $574.5m during the year ending 06/2021. While expenses have increased by 2.5% per year over the past 6 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.
Since 2015, University Of Virginia Physicians Group has awarded 28 individual grants totaling $291,325,574. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PATIENT CARE, TEACHING AND MEDICAL RESEARCH
Describe the Organization's Program Activity:
SEE SCHEDULE O.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Abhinav B Chhabra MD Physician Dir./upg President | OfficerTrustee | 37.8 | $1,015,240 |
Philip C Smith Physician/professor | 50 | $981,017 | |
James M Larner Physician/professor | 45.3 | $931,927 | |
Stephen S Park Physician/professor | 41.1 | $899,770 | |
Hamid Hassanzadeh Physician/professor | Officer | 45.2 | $849,797 |
James Gangemi Physician/professor | 33.7 | $821,045 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Dab Investments Llc Rent | 6/29/21 | $358,649 |
Your Hearing Network Llc Rent | 6/29/21 | $470,968 |
Jefferson Realty Partners Llc Rent | 6/29/21 | $531,537 |
Standard Insurance Company Insurance | 6/29/21 | $1,071,379 |
Bdo Usa Auditing | 6/29/21 | $376,267 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $2,883,761 |
| Government grants | $281,418 |
| 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 | $3,165,179 |
| Total Program Service Revenue | $563,757,576 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$100,840 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $580,982,808 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $33,520,687 |
| 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. | $4,411,583 |
| Compensation of current officers, directors, key employees. | $1,169,055 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $328,607,655 |
| Pension plan accruals and contributions | $37,548,920 |
| Other employee benefits | $38,882,449 |
| Payroll taxes | $11,129,222 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $237,788 |
| Fees for services: Accounting | $313,053 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $31,683,671 |
| Advertising and promotion | $1,770,407 |
| Office expenses | $7,720,419 |
| Information technology | $2,307,261 |
| Royalties | $0 |
| Occupancy | $8,844,323 |
| Travel | $603,008 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $451,726 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,830,189 |
| Insurance | $6,384,380 |
| All other expenses | $0 |
| Total functional expenses | $574,505,365 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $95,471,492 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $67,080,184 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,246,007 |
| Prepaid expenses and deferred charges | $572,673 |
| Net Land, buildings, and equipment | $36,370,932 |
| Investments—publicly traded securities | $116,109,187 |
| Investments—other securities | $154,423,403 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $16,165,342 |
| Total assets | $487,439,220 |
| Accounts payable and accrued expenses | $218,127,636 |
| 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 | $8,030,703 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $29,534,186 |
| Total liabilities | $255,692,525 |
| Net assets without donor restrictions | $231,746,695 |
| 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 | $487,439,220 |
Grants Awarded
Over the last fiscal year, University Of Virginia Physicians Group has awarded $33,520,687 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Charlottesville, VA PURPOSE: SEE PART IV | $33,140,187 |
Middlebrook, VA | | $355,500 |
Rosemont, IL PURPOSE: SEE PART IV | $25,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that University Of Virginia Physicians Group has recieved totaling $25,000.
| Awarding Organization | Amount |
|---|---|
Amyotrophic Lateral Sclerosis Assn Arlington, VA PURPOSE: ANNUAL GRANT PAYMENT FY22 CENTER OF EXCELLENCE/RESEARCH | $25,000 |
Endowment Analysis
| Beg. Balance | $10,009,322 |
| Earnings | $4,815,733 |
| Other Expense | $458,160 |
| Ending Balance | $14,366,895 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Gothic Hsp Corporation Durham, NC | $2,537,177,274 | $1,194,394,332 |
University Of Virginia Physicians Group Charlottesville, VA | $487,439,220 | $580,982,808 |
University Health Systems Of Eastern Carolina Inc Greenville, NC | $305,100,320 | $334,615,086 |
Caromont Medical Group Inc Gastonia, NC | $43,858,251 | $131,069,416 |
Moses H Cone Memorial Hospital Greensboro, NC | $1,808,997,657 | $191,496,344 |
Intrahealth International Inc Chapel Hill, NC | $25,698,138 | $95,131,742 |
Moses Cone Medical Services Inc Greensboro, NC | $66,450,127 | $85,429,043 |
Norton Properties Inc Louisville, KY | $374,509,086 | $60,233,665 |
West Virginia University Hospitals East Inc Martinsburg, WV | $676,755 | $63,515,006 |
Bricklayers And Allied Craftworkers International Health Fund Washington, DC | $54,125,903 | $67,880,287 |
Sheet Metal Workers National Health Fund Goodlettsville, TN | $59,855,607 | $61,652,205 |
Corvesta Inc Roanoke, VA | $82,180,783 | -$1,235,003 |