Grand Rapids Medical Education Partners Inc
- Assets
- $0.0
- Revenue
- $17.1m
- Investments
- $0.0
- Employees
- 330
- Location
- Grand Rapids, MI
- Founding
- Data as of
- 06/2018
- EIN
- 23-7270669
Organization Overview
Grand Rapids Medical Education Partners Inc is located in Grand Rapids, MI. As of 06/2018, Grand Rapids Medical Education Partners Inc employed 330 individuals. Grand Rapids Medical Education 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.
For the year ending 06/2018, Grand Rapids Medical Education Partners Inc generated $17.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (18.5%) each year. All expenses for the organization totaled $17.1m during the year ending 06/2018. As we would expect to see with falling revenues, expenses have declined by (18.6%) per year over the past 3 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
2018
Describe the Organization's Mission:
Part 3 - Line 1
SPONSORS MEDICAL RESIDENT PROGRAMS, COORDINATES ROTATIONS FOR PROGRAM, AND PROVIDES CONTINUING MEDICAL EDUCATION OPPORTUNITIES FOR COMMUNITY PHYSICIANS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRADUATE MEDICAL EDUCATION, COORDINATION OF PHYSICIAN RESIDENT TRAINING AT LOCAL AREA HOSPITALS AND PHYSICIAN OFFICES, WITH APPROX. 560 TOTAL LEARNERS AND 328 LEARNERS EMPLOYED BY GRMEP.
UNDERGRADUATE MEDICAL EDUCATION, COORDINATION OF MEDICAL STUDENTS: 394 MEDICAL STUDENTS (241 MSU CHM STUDENTS), 140 PA STUDENTS (92 GVSU PA STUDENTS), AND 195 NURSE PRACTITIONER STUDENTS (70 GVSU NP STUDENTS).
GENERAL RESEARCH CONSULTATION AND PARTICIPATION FOCUSING ON COMMUNITY HEALTH ISSUES. ALSO INCLUDES CONTINUING MEDICAL EDUCATION AND OTHERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Seth Wolk Secretary/ Treasurer | OfficerTrustee | 1 | $0 |
David Krhovsky Chair | OfficerTrustee | 1 | $0 |
Daryl Hern President & CEO | Officer | 40 | $175,912 |
Nancy J Bolthouse Director Of Hr | Officer | 40 | $136,255 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Spectrum Health Hospitals Resident Program Admin/teaching Faculty | 6/29/18 | $457,987 |
Emergency Care Specialists Pc Resident Program Admin/teaching Faculty | 6/29/18 | $237,883 |
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 | $17,064,168 |
| 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 | $17,092,217 |
| 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. | $353,067 |
| Compensation of current officers, directors, key employees. | $353,067 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $10,378,065 |
| Pension plan accruals and contributions | $100,546 |
| Other employee benefits | $1,548,289 |
| Payroll taxes | $698,946 |
| 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 | $181,930 |
| Advertising and promotion | $0 |
| Office expenses | $149,603 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $315,792 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $109,157 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $82,015 |
| All other expenses | $591,116 |
| Total functional expenses | $17,144,052 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| 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 | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $0 |
| 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 | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Unrestricted restricted net Assets | $0 |
| 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 | $0 |