Akron General Partners Inc
- Assets
- $5.1m
- Revenue
- $50.5m
- Investments
- $0.0
- Employees
- 1,338
- Location
- Independence, OH
- Founding
- 10/1928
- Data as of
- 12/2015
- EIN
- 20-1801493
Organization Overview
Akron General Partners Inc is located in Independence, OH. The organization was established in 1928. 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 12/2022, Akron General Partners Inc employed 1,338 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Akron General Partners Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2015
Describe the Organization's Mission:
Part 3 - Line 1
TO IMPROVE THE HEALTH AND LIVES OF THE PEOPLE & COMMUNITIES WE SERVE.
Describe the Organization's Program Activity:
AKRON GENERAL PARTERS, INC. (AGP) IS AN OHIO NONPROFIT, PUBLIC BENEFIT CORPORATION. AGP WAS CREATED IN CONJUNCTION WITH A CORPORATE AND GOVERNANCE RESTRUCTURING UNDERTAKEN BY AGP'S SOLE MEMBER, AKRON GENERAL HEALTH SYSTEM (AGHS). AGP WAS CREATED TO BE THE ENTITY WITHIN AGHS RESPONSIBLE FOR THE CONDUCT OF A VARIETY OF OUTPATIENT ACTIVITIES INCLUDING AFFILIATE SERVICE ARRANGEMENTS, OPERATION OF A VARIETY OF SATELLITE OUTPATIENT CENTERS, JOINT VENTURE ARRANGEMENTS AND OTHER ACTIVITIES CONSISTENT WITH AGHS'S MISSION AND STRATEGIC PLAN.BY CONCENTRATING THE LEADERSHIP ON OFF CAMPUS OUTPATIENT SERVICES IN AGP, AGHS IS BETTER ABLE TO DELIVER OUTPATIENT SERVICES THAT ARE MORE RESPONSIVE TO THE NEEDS OF THE COMMUNITY IT SERVES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas Stover MD President, Director | OfficerTrustee | 5 | $0 |
Ken Babby Director | Trustee | 5 | $0 |
John Coyne Director | Trustee | 5 | $0 |
Jeffrey Floyd Director | Trustee | 5 | $0 |
John Pedersen MD Director | Trustee | 5 | $0 |
Bret Treier Director, Vice Chairman | OfficerTrustee | 5 | $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 | $51,203,590 |
| Investment income | $1,375 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$286,048 |
| 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 | $50,468,917 |
| 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. | $314,823 |
| Compensation of current officers, directors, key employees. | $314,823 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $39,010,197 |
| Pension plan accruals and contributions | $736,377 |
| Other employee benefits | $5,343,371 |
| Payroll taxes | $2,704,414 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $46,983 |
| Fees for services: Accounting | $6,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $16,249 |
| Advertising and promotion | $860,510 |
| Office expenses | $17,175 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $100,001 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $53,838 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,368 |
| Insurance | $5,770 |
| All other expenses | $0 |
| Total functional expenses | $49,438,125 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $171,179 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,335 |
| 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 | $5,011 |
| Net Land, buildings, and equipment | $1,843,208 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,089,247 |
| Total assets | $5,109,980 |
| Accounts payable and accrued expenses | $2,763,016 |
| 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 | $60,466 |
| Total liabilities | $2,823,482 |
| Unrestricted restricted net Assets | $2,286,498 |
| Temporarily restricted net Assets | $0 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $2,286,498 |