Akron General Health System
- Assets
- $151.4m
- Revenue
- $5.5m
- Investments
- $0.0
- Employees
- 192
- Location
- Independence, OH
- Founding
- 10/1928
- Data as of
- 12/2015
- EIN
- 34-1546466
Organization Overview
Akron General Health System 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 Health System employed 192 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Akron General Health System 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 AND COMMUNITIES WE SERVE.
Describe the Organization's Program Activity:
PROVIDING ADMINISTRATIVE SERVICES FOR THE CHARITABLE TAX EXEMPT ORGANIZATIONS OF THE AKRON GENERAL HEALTH SYSTEM. SUCH SERVICES INCLUDE LONG RANGE PLANNING, BUDGET, LEGAL, COMPLIANCE, TREASURY, ENDOWMENT MANAGEMENT, FINANCIAL REPORTING, PAYROLL, ACCOUNTS PAYABLE SERVICES, HUMAN RESOURCES, MARKETING AND COMMUNICATIONS.FOR FINANCIAL REPORTING PURPOSES, THE MAJORITY OF EXPENSES FOR THESE PROGRAM SERVICES ARE CHARGED BACK TO THE SUPPORTED ORGANIZATIONS. IN 2015, THE TOTAL AMOUNT OF EXPENSES CHARGED BACK WAS $27,827,140.
WELLNESS SERVICES PROVIDED TO THE PUBLIC. WELLNESS SERVICES INCLUDE GLUCOSE AND CHOLESTEROL SCREENINGS, NUTRITION TRAINING AND CLASSES PROMOTING HEALTHY LIFESTYLES.
THE COMMUNITY HEALTH DEPARTMENT LEADS AKRON GENERAL HEALTH SYSTEM'S COMMUNITY BENEFIT AND MISSION OUTREACH ACTIVITIES. IT FACILITATES PARTNERSHIPS WITH COMMUNITY MEMBERS TO DEVELOP AND COORDINATE STRATEGIES AND PROGRAMS AIMED AT IMPROVING THE HEALTH AND LIVES OF THE PEOPLE AND COMMUNITIES SERVED BY AKRON GENERAL HEALTH SYSTEM.COMMUNITY HEALTH IS FOCUSED ON MEETING THE HEALTH NEEDS OF THE UNINSURED, UNDERINSURED, AS WELL AS THE UNDER SERVED, PARTICULARLY AMONG MINORITY, LOW INCOME, AND OTHER VULNERABLE AND AT-RISK POPULATIONS. PROGRAMS INCLUDE HEALTH SCREENINGS, HEALTH FAIRS, HEALTH EDUCATION PROGRAMS AS WELL AS THE AKRON GENERAL'S SPEAKERS BUREAU WHICH PROVIDE FREE TALKS BY OUR HEALTH PROFESSIONALS FOR COMMUNITY GROUPS AND ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
George Litman MD Director Thru 10/31 | Trustee | 5 | $0 |
Mark Horattas MD Director Thru 10/31 | Trustee | 5 | $0 |
Thomas Stover MD Ceo, Director Thru 10/31 | OfficerTrustee | 50 | $889,597 |
Thomas Thompson Director Thru 10/31 | Trustee | 5 | $0 |
Mark Clark Director Thru 10/31 | Trustee | 5 | $0 |
Brian Cherkala Director Thru 10/31 | Trustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Hitchcock Fleming & Associates Advertising Services | 12/30/15 | $1,325,314 |
Calfee Halter And Griswold Llp Legal Services | 12/30/15 | $418,142 |
The Advisory Board Consulting | 12/30/15 | $299,868 |
Roetzel And Andress Lpa Legal Services | 12/30/15 | $296,784 |
Hanna Campbell And Powell Legal Services | 12/30/15 | $329,656 |
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 | $406,355 |
| Investment income | $1,329,530 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,810,176 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,547,460 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $57,786 |
| 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. | $4,715,894 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $14,103,907 |
| Pension plan accruals and contributions | $7,739 |
| Other employee benefits | $3,632,809 |
| Payroll taxes | $1,197,121 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,864,561 |
| Fees for services: Accounting | $74,650 |
| Fees for services: Lobbying | $22,813 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $47,458 |
| Fees for services: Other | $1,299,890 |
| Advertising and promotion | $1,721,038 |
| Office expenses | $311,298 |
| Information technology | $716,285 |
| Royalties | $0 |
| Occupancy | $233,721 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $85,569 |
| Interest | $13,129 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $200,558 |
| Insurance | $50,817 |
| All other expenses | -$27,827,140 |
| Total functional expenses | $3,124,390 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $46,912,078 |
| Savings and temporary cash investments | $20,042,549 |
| 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 | $35,137,531 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $287,894 |
| Net Land, buildings, and equipment | $571,053 |
| Investments—publicly traded securities | $44,118,407 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,311,328 |
| Total assets | $151,380,840 |
| Accounts payable and accrued expenses | $5,814,450 |
| 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 | $2,148,226 |
| Total liabilities | $7,962,676 |
| Unrestricted restricted net Assets | $143,418,164 |
| 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 | $143,418,164 |
Grants Awarded
Over the last fiscal year, Akron General Health System has awarded $55,786 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
LEBRON JAMES FAMILY FOUNDATION PURPOSE: SPONSORSHIP OF 2015 LJ CLASSIC | $21,500 |
CITY OF AKRON PURPOSE: SPONSORSHIP - GENERAL SUPPORT OF SUMMER EVENTS AT PUBLIC PARK | $20,000 |
ARTHRITIS FOUNDATION PURPOSE: EVENT SPONSORSHIP - GENERAL SUPPORT | $14,286 |