Drs R W & J A Love Memorial Clinic
- Assets
- $1.1m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 36
- Location
- Moorefield, WV
- Founding
- 02/1975
- Data as of
- 12/2021
- EIN
- 55-0518925
Organization Overview
Drs R W & J A Love Memorial Clinic is located in Moorefield, WV. The organization was established in 1975. 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 12/2021, Drs R W & J A Love Memorial Clinic employed 36 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Drs R W & J A Love Memorial Clinic 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, Drs R W & J A Love Memorial Clinic generated $2.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.1% each year. All expenses for the organization totaled $1.9m during the year ending 12/2021. While expenses have increased by 2.0% 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
NON-PROFIT COMMUNITY MEDICAL CLINIC THAT PROVIDES AFFORDABLE MEDICDAL SERVICES TO THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NON-PROFIT COMMUNITY MEDICAL CLINIC THAT PROVIDES AFFORDABLE MEDICAL SERVICES TO THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Riggleman Co-Treasurer | Trustee | 40 | $350,203 |
Andrew Funk Director | Officer | 0 | $0 |
Tom Mathias Co-Treasurer | Officer | 0 | $0 |
Sharon Bungard President | Officer | 0 | $0 |
Joe Dodd Vice-President | Officer | 0 | $0 |
Frances Welton Secretary | Officer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $215,527 |
| All other contributions, gifts, grants, and similar amounts not included above | $22,864 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $238,391 |
| Total Program Service Revenue | $1,626,837 |
| Investment income | $3,331 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $10,200 |
| 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 | $1,953,939 |
| 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. | $263,361 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $936,555 |
| Pension plan accruals and contributions | $10,303 |
| Other employee benefits | $84,238 |
| Payroll taxes | $98,447 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,520 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,914 |
| Office expenses | $112,251 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $27,019 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $12,080 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $42,367 |
| Insurance | $39,742 |
| All other expenses | $8,817 |
| Total functional expenses | $1,864,522 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $209,499 |
| Savings and temporary cash investments | $174,128 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $354,869 |
| 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 | $0 |
| Net Land, buildings, and equipment | $335,954 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,074,450 |
| Accounts payable and accrued expenses | $45,007 |
| 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 | $268,045 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $313,052 |
| Net assets without donor restrictions | $0 |
| 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 | $761,398 |
| Total liabilities and net assets/fund balances | $1,074,450 |
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