Meeting House Lane Medical Practice Pc
- Assets
- $4.4m
- Revenue
- $19.4m
- Investments
- $0.0
- Employees
- 220
- Location
- Southampton, NY
- Founding
- 10/2012
- Data as of
- 12/2021
- EIN
- 20-8853938
Organization Overview
Meeting House Lane Medical Practice Pc, operating under the name Co Frederic I Weinbaum Md, is located in Southampton, NY. The organization was established in 2012. 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 12/2021, Co Frederic I Weinbaum MD employed 220 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Co Frederic I Weinbaum MD 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 12/2021, Co Frederic I Weinbaum MD generated $19.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.4% each year. All expenses for the organization totaled $19.7m during the year ending 12/2021. While expenses have increased by 7.1% per year over the past 7 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
MEETING HOUSE LANE MEDICAL PRACTICE, PC (THE PRACTICE) WAS INCORPORATED ON MARCH 30, 2007 AS A PROFESSIONAL CORPORATION UNDER NEW YORK STATE LAW, FOR THE PURPOSE OF PROVIDING MEDICAL SERVICES. THE PRACTICE PROVIDES MEDICAL SERVICES AS REQUESTED BY STONY BROOK SOUTHAMPTON HOSPITAL (HOSPITAL) AND ALSO TO PATIENTS IN THE BROADER COMMUNITY. HOSPITAL IDENTIFIED CERTAIN HEALTH CARE NEEDS IN THE COMMUNITY THAT WERE UNMET. HOSPITAL DETERMINED THAT THE BEST WAY TO FULFILL THESE HEALTH CARE NEEDS WAS FOR THE PRACTICE TO ASSUME DIRECT CONTROL OVER THE PROVISION OF THESE SERVICES. ADDITIONALLY, HOSPITAL AND THE PRACTICE RECONGNIZED THIS ARRANGEMENT WOULD FACILITATE BETTER, MORE EFFICIENT ARRANGEMENTS WITH THIRD PARTY PAYORS AND ALSO ALLOW FOR DEVELOPMENT OF A COMPREHENSIVE ELECTRONIC HEALTH RECORD. THE PRACTICE'S MEDICAL SERVICES ARE PROVIDED AT THE HOSPITAL AND AT PHYSICIAN PRACTICE LOCATIONS WITHIN HOSPITAL'S SERVICE AREA. HOSPITAL IS A NEW YORK NOT-FOR-PROFIT CORPORATION THAT HAS BEEN RECOGNIZE
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PRACTICE PROVIDED MEDICAL CARE TO THE SURROUNDING AREA IN SUPPORT OF THE HOSPITAL'S MISSION. THE PRACTICE HAS SPECIALTIES THAT ARE NOT AVAILABLE IN THE LOCAL AREA, INCLUDING BUT NOT LIMITED TO ALLERGY AND IMMUNOLOGY, BARIATRIC SURGERY, BREAST SURGERY, FAMILY PRACTICE, GASTROENTEROLOGY, GERIATRICS, GYNECOLOGY, INFECTIOUS DISEASE, INTERNAL MEDICINE, NEPHROLOGY, ORTHOPEDIC SURGERY, OSTEOPATHY, PELVIC HEALTH, PSYCHIATRY, PULMONOLOGY, RHEUMATOLOGY, GENERAL SURGERY, GENERAL VASCULAR SURGERY, AND WOMEN'S HEALTH.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles V Guida Employee | Officer | 40 | $349,658 |
Richard N Ashley Employee | Officer | 40 | $325,000 |
Howard Sklarek Employee | Officer | 32 | $286,000 |
Kashif Hussain Employee | Officer | 24 | $255,000 |
Nikolaos Hatzis Employee | Officer | 24 | $254,000 |
Jason Schwartz Employee | Officer | 40 | $231,731 |
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 | $19,402,698 |
| Investment income | $480 |
| 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 | $19,403,178 |
| 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 | $11,455,332 |
| Pension plan accruals and contributions | $208,762 |
| Other employee benefits | $1,247,390 |
| Payroll taxes | $843,223 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,128 |
| Fees for services: Accounting | $34,154 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $567,540 |
| Advertising and promotion | $2,991 |
| Office expenses | $184,441 |
| 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 | $34,016 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,428,273 |
| All other expenses | $421,096 |
| Total functional expenses | $19,734,058 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,204,758 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,827,706 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $339,286 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $9,777 |
| Other assets | $21,570 |
| Total assets | $4,403,097 |
| Accounts payable and accrued expenses | $0 |
| 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 | $4,039,822 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $16,589 |
| Total liabilities | $4,056,411 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $100 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $346,586 |
| Total liabilities and net assets/fund balances | $4,403,097 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Amboy Medical Practice Pc Staten Island, NY | $10,020,483 | $37,058,255 |
Bristol Hospital Multi-Specialty Group Bristol, CT | $6,063,010 | $37,683,739 |
Northeast Medical Practice Inc Beverly, MA | $9,391,030 | $29,044,634 |
Community Health Centers Of The Rutland Region Inc Bomoseen, VT | $43,165,841 | $55,593,071 |
Long Island Fqhc Inc Westbury, NY | $46,576,188 | $51,525,034 |
Great Lakes Physician Practice Pc Pittsburgh, PA | $14,269,559 | $33,003,744 |
Geisinger Community Health Services Danville, PA | $22,899,957 | $44,522,143 |
Arnot Medical Services Pllc Elmira, NY | $3,393,991 | $26,825,153 |
Indiana Healthcare Physician Services Inc Indiana, PA | $5,430,202 | $29,710,547 |
Wyckoff Professional Medical Services Pc Brooklyn, NY | $1,488,136 | $20,377,110 |
Harbor View Medical Services Pc Westbury, NY | $10,679,864 | $25,469,057 |
Damian Family Care Centers Inc Jamaica, NY | $14,422,707 | $34,630,881 |