Kentucky Medical Services Foundation Inc

Organization Overview

Kentucky Medical Services Foundation Inc is located in Lexington, KY. The organization was established in 1980. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. As of 06/2021, Kentucky Medical Services Foundation Inc employed 236 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kentucky Medical Services Foundation 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 06/2021, Kentucky Medical Services Foundation Inc generated $425.4m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.5% each year. All expenses for the organization totaled $425.0m during the year ending 06/2021. While expenses have increased by 4.6% 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.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

SUPPORTING THE UNIVERSITY OF KY SO IT MAY ACHIEVE ITS GOALS IN HEALTHCARE

Describe the Organization's Program Activity:

KMSF COLLECTS FEES FROM PROVISION OF PATIENT SERVICES PROVIDED BY THE UNIVERSITY OF KENTUCKY COLLEGE OF MEDICINE. BY PERFORMING THESE DUTIES KMSF SUPPORTS THE HOSPITAL AND HELPS THEM TO FULFILL THEIR EXEMPT PURPOSE. COLLECTIONS, AFTER PAYMENT OF DIRECT EXPENSES, ARE REMITTED TO THE COLLEGE WHICH USES THE FUNDS IN THE AREAS OF TEACHING, RESEARCH AND SERVICE.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Todd Hargett
Contractor Services
$1,572,342
Stoll Keenon Ogden Pllc
Professional Legal Services
$1,067,010
Harrodsburg Anesthesia
Professional Services
$314,417
Change Healthcare Solutions Llc
Professional Services
$332,159
Roi Holding Company Llc
Professional Services
$258,244
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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
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$0
Total Program Service Revenue$404,253,449
Investment income $204,017
Tax Exempt Bond Proceeds $0
Royalties $1,574
Net Rental Income -$197,733
Net Gain/Loss on Asset Sales $121,748
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $425,440,367

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