Seacoast Affiliated Group Practice Inc
- Assets
- $2.6m
- Revenue
- $12.9m
- Investments
- $0.0
- Employees
- 116
- Location
- Newburyport, MA
- Founding
- 02/2002
- Data as of
- 09/2022
- EIN
- 04-3485648
Organization Overview
Seacoast Affiliated Group Practice Inc is located in Newburyport, MA. The organization was established in 2002. According to its NTEE Classification (E40) the organization is classified as: Reproductive Health Care, under the broad grouping of Health Care and related organizations. As of 09/2023, Seacoast Affiliated Group Practice Inc employed 116 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Seacoast Affiliated Group Practice 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 09/2022, Seacoast Affiliated Group Practice Inc generated $12.9m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.5%) each year. All expenses for the organization totaled $16.6m during the year ending 09/2022. As we would expect to see with falling revenues, expenses have declined by (2.6%) per year over the past 7 years. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRIMARY CARESEE SCHEDULE O
SPECIALITY CARESEE SCHEDULE O
INPATIENT CARE AT ANNA JAQUES HOSPITALSEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rowan Michael Trustee (ceo Designee) | Trustee | 1 | $0 |
Naseer-Ghiasuddin MD Saira Ttee; Physician, Internal Medicine | Trustee | 55 | $959,390 |
Nesto MD Richard Trustee | Trustee | 1 | $0 |
Pursley MD Dewayne M Trustee | Trustee | 1 | $0 |
Goldstein Mark President And Trustee | OfficerTrustee | 1 | $0 |
Fung MD Claire Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Asd Healthcare Pharmaceutical Distribution Services | 9/29/23 | $311,610 |
Associated Physicians Of Harvard Medical Medicine And Surgery Services | 9/29/23 | $2,190,211 |
Cardinal Health Pharmaceutical Distribution Services | 9/29/23 | $222,141 |
Zha Llc Consulting Services | 9/29/23 | $273,995 |
Henry Schein Healthcare Services | 9/29/23 | $177,087 |
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 | $12,775,388 |
| 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 | $12,850,088 |
| 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 | $9,587,521 |
| Pension plan accruals and contributions | $149,949 |
| Other employee benefits | $904,064 |
| Payroll taxes | $565,729 |
| Fees for services: Management | $0 |
| 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 | $1,948,239 |
| Advertising and promotion | $0 |
| Office expenses | $1,156,839 |
| Information technology | $212,912 |
| Royalties | $0 |
| Occupancy | $1,397,001 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $13,902 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $99,693 |
| Insurance | $382,774 |
| All other expenses | $0 |
| Total functional expenses | $16,618,994 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | -$20,214 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,577,412 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $130,217 |
| Prepaid expenses and deferred charges | $473,932 |
| Net Land, buildings, and equipment | $432,050 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,593,397 |
| Accounts payable and accrued expenses | $1,149,496 |
| 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 | $6,812,020 |
| Total liabilities | $7,961,516 |
| Net assets without donor restrictions | -$5,368,119 |
| 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 | $2,593,397 |