Baptist Physician Network
- Assets
- $1.1m
- Revenue
- $7.3m
- Investments
- $0.0
- Employees
- 11
- Location
- Beaumont, TX
- Founding
- 08/2009
- Data as of
- 06/2021
- EIN
- 76-0453250
Organization Overview
Baptist Physician Network is located in Beaumont, TX. The organization was established in 2009. 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 06/2021, Baptist Physician Network employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Baptist Physician Network 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, Baptist Physician Network generated $7.3m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 29.0% each year . All expenses for the organization totaled $14.8m during the year ending 06/2021. While expenses have increased by 23.1% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE MEDICAL CARE TO THE COMMUNITIES OF BEAUMONT AND ORANGE, TX AND SURROUNDING AREA BY RECRUITING, ENGAGING AND OVERSEEING PRIMARY CARE AND SPECIALIST PHYSICIANS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BAPTIST PHYSICIAN NETWORK PROVIDES MEDICAL CARE TO THE COMMUNITIES OF BEAUMONT AND ORANGE, TEXAS AND THE SURROUNDING AREA BY RECRUITING, ENGAGING AND OVERSEEING PRIMARY CARE AND SPECIALIST PHYSICIANS, AS WELL AS OTHER HEALTHCARE PRACTITIONERS, WHO PROVIDE MEDICAL AND HEALTHCARE SERVICES TO THOSE IN NEED OF SUCH SERVICES, WITHOUT REGARD TO THE ABILITY TO PAY, CONSISTENT WITH THE PHILOSOPHY OF BAPTIST HOSPITALS OF SOUTHEAST TEXAS, A NON PROFIT, TAX EXEMPT ORGANIZATION, WHICH IS THE SOLE CORPORATE MEMBER OF BAPTIST PHYSICIAN NETWORK. PATIENT VISITS FOR THE REPORTING PERIOD WERE 123,772.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mohamed Vadva Physician | 40 | $560,068 | |
Sharad Sharma MD Physician | 40 | $381,314 | |
Wayne Margolis Physician | 40 | $354,105 | |
Michael Gillespie Physician | 40 | $308,935 | |
Mary Olsen Physician | 40 | $286,608 | |
David Parmer President/ceo (until 5/2021) | Officer | 3 | $0 |
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 | $7,284,873 |
| Investment income | $0 |
| 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 | $7,284,873 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,835,141 |
| Pension plan accruals and contributions | $87,513 |
| Other employee benefits | -$35,749 |
| Payroll taxes | $406,835 |
| Fees for services: Management | $10,226 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $723,844 |
| Advertising and promotion | $690 |
| Office expenses | $249,364 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $21,123 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $14,193 |
| Insurance | $56,515 |
| All other expenses | $0 |
| Total functional expenses | $14,830,677 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $693,369 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $423,632 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $9,695 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $20,218 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,146,914 |
| Accounts payable and accrued expenses | $1,077,187 |
| 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 | $0 |
| Other liabilities | $40,812,338 |
| Total liabilities | $41,889,525 |
| Net assets without donor restrictions | -$40,742,611 |
| 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 | $1,146,914 |
Peer Organizations
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|---|---|---|
Access Health Louisiana Luling, LA | $26,180,190 | $46,157,276 |
Stigler Health And Wellness Center Inc Stigler, OK | $52,785,536 | $51,384,295 |
Lone Star Community Health Center Inc Conroe, TX | $22,264,475 | $32,249,676 |
Louisiana Public Health Institute New Orleans, LA | $6,216,562 | $25,183,564 |
Los Barrios Unidos Community Clinic Inc Dallas, TX | $25,417,458 | $25,138,054 |
Methodist-Cdi Dallas, TX | $3,210,545 | $23,341,447 |
East Arkansas Family Health Center Inc West Memphis, AR | $23,111,035 | $26,046,335 |
Childrens Hospital Medical Practice Corp New Orleans, LA | $7,563,902 | $14,130,142 |
Huguley Medical Associates Inc Burleson, TX | $8,864,339 | $15,663,707 |
1st Choice Healthcare Inc Corning, AR | $30,108,246 | $26,466,307 |
Mercy Hospital Berryville Berryville, AR | $4,645,616 | $18,449,108 |
Tyler Family Circle Of Care Tyler, TX | $23,015,653 | $18,767,550 |