Mcv Associated Physicians

Organization Overview

Mcv Associated Physicians, operating under the name Mcv Physicians, is located in Richmond, VA. The organization was established in 1991. According to its NTEE Classification (E30) the organization is classified as: Ambulatory & Primary Health Care, under the broad grouping of Health Care and related organizations. As of 06/2022, Mcv Physicians employed 2,741 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mcv Physicians 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, Mcv Physicians generated $540.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.6% each year. All expenses for the organization totaled $600.6m during the year ending 06/2021. While expenses have increased by 7.6% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

SUPPORTING THE HEALTHCARE NEEDS OF THE COMMUNITY & THE MISSION OF THE VCU SCHOOL OF MEDICINE.

Describe the Organization's Program Activity:

Part 3 - Line 4a

MCV ASSOCIATED PHYSICIANS D/B/A MCV PHYSICIANS (MCVP) IS ORGANIZED AND OPERATED EXCLUSIVELY FOR THE BENEFIT OF VIRGINIA COMMONWEALTH UNIVERSITY (VCU), A TAX-EXEMPT ORGANIZATION AS DESCRIBED UNDER INTERNAL REVENUE CODE (IRC) SECTION 170(C)(1). ON JULY 1, 2000, MCVP BECAME PART OF THE VCU HEALTH SYSTEM ALONG WITH THE MCV HOSPITAL AUTHORITY. MCVP SERVES THE ONLY BURN CENTER AND FULL RANGE CANCER CENTER IN THE AREA. IN SUPPORT OF THE MEDICAL SCHOOL, MCVP PROVIDES ESSENTIAL SERVICES TO AND WORKS CLOSELY WITH THE VCU HEALTH SYSTEM - MCV HOSPITAL; A DIVISION OF MCV/VCU AND AFFILIATED AMBULATORY CARE CENTERS.


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Board, Officers & Key Employees

Name (title)Compensation
Name Not Listed
Treas / Sec /coo
$522,299
Name Not Listed
President/chair
$564,234
Name Not Listed
Director
$749,644
Name Not Listed
Director
$259,157
Name Not Listed
Dir (jan-June)
$601,965
Name Not Listed
Director
$418,368

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Virtual Radiologic Corp
Radiology Services
$2,080,119
Press Ganey Inc
Consulting Services
$901,781
Hayes Locums Llc
Physician Staffing Services
$859,194
Virginia Commonwealth University
Physician Service
$714,630
Ernst And Young
Consulting Services
$257,625
View All Vendors

Financial Statements

Statement of Revenue
Total Revenue from Contributions, Gifts, Grants & Similar$49,516,196
Investment income $894,456
Tax Exempt Bond Proceeds $0
Royalties $22,459
Net Rental Income $0
Net Gain/Loss on Asset Sales $816,644
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $539,983,630

Grants Awarded

Over the last fiscal year, Mcv Associated Physicians has awarded $7,696,891 in support to 2 organizations.

Grant RecipientAmount

VCU SCHOOL OF MEDICINE

PURPOSE: To support academic mission

$7,611,891

MCV FOUNDATION

PURPOSE: To support mission

$85,000
View Grant Profile

Peer Organizations

Organization NameAssets
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Louisville, KY
$800,561,133
Community Medical Associates Inc
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$751,571,554
Dialysis Clinic Inc
Nashville, TN
$727,825,569
Mcv Associated Physicians
Richmond, VA
$539,983,630
Medical Faculty Associates Inc
Washington, DC
$438,379,822
University Of Louisville Physicians Inc
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$299,110,536
Physician Enterprise Llc
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$225,688,914
Duke University Affiliated Physicans Inc
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$188,533,176
Moses Cone Physician Services Inc
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$84,578,401
Wellmont Medical Associates Inc
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$129,451,708
Novant Medical Group Inc
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$105,546,529
Kings Daughters Medical Specialties Inc
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Ut Le Bonheur Pediatric Specialists Inc
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$58,178,288
Pediatric Physicians Services Inc
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$103,870,453
Frederick Health Medical Group Llc
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$76,324,506
Ut Medical Group Inc
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$85,555,164
Maryland Family Care Inc
Baltimore, MD
$84,169,773
Pediatric Specialists Of Virginia Llc
Fairfax, VA
$39,475,850
Baptist Health Deaconess Medical Group Inc
Madisonville, KY
$42,077,589
Wellmont Cardiology Services
Johnson City, TN
$55,508,640
University Of Maryland Surgical Associates P A
Baltimore, MD
$47,618,547
United Physicians Care Inc
Shinnston, WV
$47,936,670
Appalachian Regional Medicalassociates Inc
Boone, NC
$31,162,009
Big Sandy Health Care Inc
Prestonsburg, KY
$51,726,887
Piedmont Access To Health Services Inc
Danville, VA
$42,544,214

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