Semmes-Murphey Foundation
- Assets
- $3.5m
- Revenue
- $2.2m
- Investments
- $0.0
- Employees
- 29
- Location
- Memphis, TN
- Founding
- 07/2010
- Data as of
- 12/2022
- EIN
- 38-3790195
Organization Overview
Semmes-Murphey Foundation is located in Memphis, TN. The organization was established in 2010. According to its NTEE Classification (B50) the organization is classified as: Graduate & Professional Schools, under the broad grouping of Education and related organizations. As of 12/2022, Semmes-Murphey Foundation employed 29 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Semmes-Murphey Foundation 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 12/2022, Semmes-Murphey Foundation generated $2.2m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 12.9% each year . All expenses for the organization totaled $1.9m during the year ending 12/2022. While expenses have increased by 9.5% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
(1) TO ADVANCE THE ART AND SCIENCE OF NEUROSURGERY, NEUROLOGY AND RELATED DISCIPLINES THROUGH THE PRACTICE OF CLINICAL MEDICINE, THE PROVISION OF SURGICAL CARE, AND THE DEVELOPMENT OF IMPROVED METHODS, SYSTEMS, TECHNIQUES, AND RESOURCES IN FURTHERANCE THEREOF. (2) TO ESTABLISH AND PROMOTE OPPORTUNITIES FOR GRADUATE AND POSTGRADUATE MEDICAL EDUCATION IN COORDINATION AND COOPERATION WITH COLLEGES AND MEDICINE, SCIENCE AND HEALTH PROFESSIONS, HOSPITALS, PUBLIC AND PRIVATE AGENCIES AND OTHERS. (3) TO ENGAGE IN CLINICAL AND SCIENTIFIC RESEARCH IN CONJUCTION WITH THE PROFESSIONAL PRACTICE OF MEDICINE AND SURGERY. (4) TO PROVIDE PROFESSIONAL MEDICAL AND SURGICAL PATIENT CARE, HEALTH EDUCATION AND GUIDANCE, AND OTHER THERAPEUTIC HEALTH SERVICES FOR INDIVIDUALS AND FAMILIES WITHOUT REGARD TO RACE, CREED, COLOR, SEX, AGE, RELIGION, NATIONAL ORIGIN, DISABILITY, HEALTH STATUS, VETERAN STATUS OR (WITHIN THE ECONOMIC RESOURCES AVAILABLE TO THE CORPORATION) ABILITY TO PAY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATED A FELLOWSHIP PROGRAM TO TRAIN PHYSICIANS IN THE ART AND SCIENCE OF ENDOVASCULAR NEUROSURGERY.
COMPILED DATA FOR VARIOUS CLINICAL RESEARCH STUDIES AND OTHER REGISTRIES, INCLUDING THE NATIONAL NEUROSURGERY OUTCOMES DATABASE (QOD).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Clarence Watridge MD Chairman | OfficerTrustee | 0.2 | $0 |
Kevin Foley MD Vice-Chairman | OfficerTrustee | 0.2 | $0 |
Jon Robertson MD Secretary | OfficerTrustee | 0.2 | $0 |
Adam Arthur MD Director | Trustee | 0.2 | $0 |
Lucas Elijovich MD Medical Officer | Trustee | 0.2 | $0 |
Todd Fountain MD Director | Trustee | 0.2 | $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 | $922,827 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $922,827 |
| Total Program Service Revenue | $1,276,509 |
| 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 | $2,199,336 |
| 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. | $94,148 |
| Compensation of current officers, directors, key employees. | $81,519 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,083,419 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $180,718 |
| Payroll taxes | $88,167 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $93,227 |
| Fees for services: Accounting | $20,603 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $236,421 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,704 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,148 |
| Insurance | $58,109 |
| All other expenses | $0 |
| Total functional expenses | $1,890,956 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,056,934 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $345,863 |
| 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 | $59,943 |
| Net Land, buildings, and equipment | $55,223 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,517,963 |
| Accounts payable and accrued expenses | $2,177,072 |
| 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 | $2,177,072 |
| Net assets without donor restrictions | $1,286,418 |
| Net assets with donor restrictions | $54,473 |
| 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 | $3,517,963 |