Seacoast Affiliated Group Practice Inc
- Assets
- $3.2m
- Revenue
- $14.7m
- Investments
- $0.0
- Employees
- 149
- Location
- Newburyport, MA
- Founding
- 02/2002
- Data as of
- 09/2021
- 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 09/2021, Seacoast Affiliated Group Practice Inc employed 149 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 09/2021, Seacoast Affiliated Group Practice Inc generated $14.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (3.2%) each year. All expenses for the organization totaled $16.3m during the year ending 09/2021. As we would expect to see with falling revenues, expenses have declined by (3.3%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O.
Describe the Organization's Program Activity:
SEE SCHEDULE O.
SEE SCHEDULE O.
SEE SCHEDULE O.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Naseer-Ghiasuddin MD Saira Primary Care Physician | 55 | $1,135,091 | |
Kerstenkimberly Primary Care Physician | 55 | $483,167 | |
Zirinrichard A Gastroenterologist | 55 | $398,531 | |
Hartmannpeter A Surgeon Specializing In Breast Care | 55 | $398,260 | |
Thurlowjeffrey P General Surgeon | 55 | $349,505 | |
Tabb MD Kevin Chief Executive Officer | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Medicus Hospitalists Llc Locum Physician Coverage | 9/29/15 | $147,911 |
Newburyport Gastroenterology Llc Overhead For Employed Physician | 9/29/15 | $107,086 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,136,025 |
| 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 | $1,136,025 |
| Total Program Service Revenue | $13,434,019 |
| 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 | $14,669,644 |
| 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. | $2,764,554 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,804,071 |
| Pension plan accruals and contributions | $156,852 |
| Other employee benefits | $811,057 |
| Payroll taxes | $542,609 |
| 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 | $1,353,060 |
| Advertising and promotion | $1,723 |
| Office expenses | $1,254,910 |
| Information technology | $251,117 |
| Royalties | $0 |
| Occupancy | $1,392,675 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $21,046 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $95,212 |
| Insurance | $566,337 |
| All other expenses | $0 |
| Total functional expenses | $16,285,924 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $272,159 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,102,077 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $134,251 |
| Prepaid expenses and deferred charges | $1,184,035 |
| Net Land, buildings, and equipment | $527,418 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,219,940 |
| Accounts payable and accrued expenses | $1,764,474 |
| 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 | $3,054,679 |
| Total liabilities | $4,819,153 |
| Net assets without donor restrictions | -$1,599,213 |
| 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 | $3,219,940 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Seacoast Affiliated Group Practice Inc has recieved totaling $18,665.
| Awarding Organization | Amount |
|---|---|
Anna Jaques Community Health Foundation Inc Newburyport, MA PURPOSE: GENERAL SUPPORT | $18,665 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Seacoast Affiliated Group Practice Inc Newburyport, MA | $3,219,940 | $14,669,644 |
Coos County Family Health Services Inc Berlin, NH | $19,734,526 | $16,868,325 |
Economic Mobility Pathways Inc Boston, MA | $15,940,254 | $17,188,156 |
Northern Manhattan Perinatal Partnership New York, NY | $1,898,504 | $5,400,850 |
Gynuity Institute Inc New York, NY | $2,164,491 | $2,031,608 |
Crisis Pregnancy Services Inc Rochester, NY | $3,462,083 | $3,784,680 |
North Country Prenatal-Perinatal Council Inc Watertown, NY | $1,283,226 | $1,879,376 |
Clearway Clinic Inc Worcester, MA | $1,114,462 | $1,192,328 |
Women & Infants Development Foundation Providence, RI | $525,133 | $723,664 |
Care Net Pregnancy Center Of Central New York New Hartford, NY | $892,635 | $981,806 |
Feminist Health Center Of Greenland, NH | $641,601 | $799,039 |
Pregnancy Care Center Of The Merrimack Valley Inc Lowell, MA | $871,096 | $536,012 |