Gastrointestinal Specialists Foundation Inc
- Assets
- $1.4m
- Revenue
- $7.8m
- Investments
- $0.0
- Employees
- 60
- Location
- Memphis, TN
- Founding
- 09/2014
- Data as of
- 09/2023
- EIN
- 35-2461541
Organization Overview
Gastrointestinal Specialists Foundation Inc is located in Memphis, TN. The organization was established in 2014. According to its NTEE Classification (E21) the organization is classified as: Community Health Systems, under the broad grouping of Health Care and related organizations. As of 09/2023, Gastrointestinal Specialists Foundation Inc employed 60 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gastrointestinal Specialists Foundation 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 09/2023, Gastrointestinal Specialists Foundation Inc generated $7.8m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.1% each year. All expenses for the organization totaled $11.5m during the year ending 09/2023. While expenses have increased by 3.4% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
GASTROINTESTINAL SPECIALISTS FOUNDATION, INC. IS A COMPREHENSIVE GASTROINTESTINAL MEDICAL PRACTICE AND OUR MISSION IS TO PROVIDE EXCEPTIONAL, UNPARALLELED QUALITY CARE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GASTROINTESTINAL SPECIALISTS FOUNDATION, INC. IS A COMPREHENSIVE GASTROINTESTINAL MEDICAL PRACTICE AND OUR MISSION IS TO PROVIDE EXCEPTIONAL, UNPARALLELED QUALITY CARE. OUR PROVIDERS ARE EXPERTS IN HELPING PREVENT, DIAGNOSE AND TREAT EVERYTHING FROM HEARTBURN, FOOD ALLERGIES AND HEMORRHOIDS, TO COLON AND PANCREATIC CANCERS. WE PERFORM PROCEDURES AT OUR FULLY EQUIPPED, STATE OF THE ART ENDOSCOPY CENTER WHICH IS OWNED AND OPERATED BY BAPTIST MEMORIAL HEALTH CARE CORPORATION. WE ALSO UTILIZE AMERICAN ESOTERIC LABORATORIES (AEL) CONVENIENTLY LOCATED IN OUR BUILDING AS A REFERENCE LAB. AS AN AFFILIATE OF BAPTIST MEMORIAL MEDICAL GROUP, INC., WE OFFER MEDICAL CARE THAT REFLECTS THE THREE-FOLD MINISTRY OF CHRIST-PREACHING, TEACHING AND HEALING. WE ARE ALSO VERY THANKFUL TO BE BLESSED WITH THE MANY RESOURCES PROVIDED BY BAPTIST MEMORIAL HEALTH CARE CORPORATION. OUR SIX GASTROENTEROLOGISTS, DR. PAUL S. BIERMAN, DR. KENNETH I. FIELDS, DR. EDWARD S. FRIEDMAN, DR. GAURAV KISTANGARI, DR. RANDELON D. SMITH, AND DR. ABDULLAH AL-RASHDAN, AND OUR PATHOLOGIST, DR. ANDRE THOMPSON ARE COMMITTED TO EDUCATION, TRAINING AND SUPPORT OF OTHER LOCAL HEALTH CARE PRACTITIONERS. THEY ATTEND A VARIETY OF SEMINARS, CONFERENCES AND OTHER EDUCATIONAL PROGRAMS IN ORDER TO INTERACT WITH COLLEAGUES AND STAY ABREAST OF NEW AND DEVELOPING TECHNOLOGIES. WE ARE ALSO FOCUSED ON A VARIETY OF QUALITY ASSURANCE INDICATORS INCLUDING BUT NOT LIMITED TO PRESS GANEY ASSOCIATES, LLC. WE HAVE OFFICE LOCATIONS IN MEMPHIS, TN, ARLINGTON, TN, COVINGTON, TN, COLLIERVILLE, TN, SOUTHAVEN, MS, AND MARION, AR, WHICH ALLOWS US TO EXPAND ACCESS TO CULTURALLY DIVERSE PATIENT POPULATIONS ACROSS THE GREATER MEMPHIS AREA. WE ALSO ACCEPT MOST HEALTH INSURANCE PROGRAMS INCLUDING TENNCARE AND MEDICAID, UNDERSTANDING THAT ALL PATIENTS DESERVE QUALITY CARE REGARDLESS OF THEIR ABILITY TO PAY. WE HAVE ALSO STRATEGICALLY POSITIONED OURSELVES FOR THE AFFORDABLE CARE ACT TO ENSURE THAT WE REACH PATIENTS WHO WERE PREVIOUSLY UNINSURED. ADDITIONALLY, WE PARTICIPATE IN SEVERAL OUTREACH PROGRAMS INCLUDING, BUT NOT LIMITED TO, THE FOLLOWING: - PROVIDING HEALTH SERVICES TO THE VETERANS ADMINISTRATION. - PROVIDING HEALTH SERVICES TO LOCAL INMATES. - SUPPORT FOR THE CROHN'S AND COLITIS FOUNDATION. - COMMUNITY HEALTH FAIRS AND COMMUNITY AWARENESS PROGRAMS. - PROVIDING PHYSICIANS FOR SPEAKING ENGAGEMENTS PERTAINING TO GASTROINTESTINAL ISSUES AND OTHER HEALTH-RELATED SUBJECT MATTERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul D Depriest MD Director (thru 08/23) | Trustee | 0.04 | $0 |
Kenneth Fields MD Vice President/director/physician | OfficerTrustee | 40 | $1,239,298 |
Paul S Bierman MD President/director/physician | OfficerTrustee | 40 | $1,033,898 |
Gary C Anderson Director (as Of 09/23) | Trustee | 0.04 | $0 |
Mark E Swanson MD Ceo/director | OfficerTrustee | 0.04 | $0 |
Edward S Friedman MD Physician/director | Trustee | 40 | $866,888 |
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 | $7,828,401 |
| 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 | $7,828,401 |
| 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. | $4,038,692 |
| Compensation of current officers, directors, key employees. | $403,869 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,084,599 |
| Pension plan accruals and contributions | $148,355 |
| Other employee benefits | $491,611 |
| Payroll taxes | $312,737 |
| 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 | $860,645 |
| Advertising and promotion | $3,792 |
| Office expenses | $98,444 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $461,913 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $16,944 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $103,201 |
| Insurance | $64,529 |
| All other expenses | $20,105 |
| Total functional expenses | $11,522,683 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $606 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $591,396 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $94,966 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $25,284 |
| Net Land, buildings, and equipment | $390,430 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $346,123 |
| Total assets | $1,448,805 |
| Accounts payable and accrued expenses | $1,363,023 |
| 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 | $22,390,345 |
| Total liabilities | $23,753,368 |
| Net assets without donor restrictions | -$22,304,563 |
| 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 | $1,448,805 |