Kennedy Medical Group Practice Pc
- Assets
- $27.0m
- Revenue
- $86.6m
- Investments
- $0.0
- Employees
- 874
- Location
- Philadelphia, PA
- Founding
- 10/2013
- Data as of
- 06/2021
- EIN
- 46-1420853
Organization Overview
Kennedy Medical Group Practice Pc, operating under the name Jefferson Medical Group, is located in Philadelphia, PA. The organization was established in 2013. According to its NTEE Classification (E20) the organization is classified as: Hospitals, under the broad grouping of Health Care and related organizations. As of 06/2021, Jefferson Medical Group employed 874 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Jefferson Medical Group 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 06/2021, Jefferson Medical Group generated $86.6m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 19.4% each year . All expenses for the organization totaled $120.6m during the year ending 06/2021. While expenses have increased by 26.4% per year over the past 6 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
TO OPERATE AS A NETWORK AND PROVIDE THE HIGHEST QUALITY PRIMARY AND SPECIALTY HEALTHCARE SERVICES THROUGHOUT SOUTH JERSEY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXPENSES INCURRED IN PROVIDING PHYSICIAN SERVICES, PRACTICING MEDICINE AND SURGERY THROUGH DULY LICENSED PHYSICIANS AND SURGEONS IN A MANNER BENEFICIAL TO THE COMMUNITY AND IN FURTHERANCE OF THE CHARITABLE AND EDUCATIONAL PURPOSES OF THOMAS JEFFERSON UNIVERSITY AND JEFFERSON HEALTH AFFILIATES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David W Goldstein DO Radiologist | 55 | $649,067 | |
Donald Mcmahon DO Gastroenterologist | 55 | $626,076 | |
Robert Principato DO Radiologist | 55 | $583,385 | |
Douglas B Tsai MD Radiologist | 55 | $582,327 | |
Ricardo Perez DO JD Facoi VP Jmg | 55 | $14,793 | |
Carman Ciervo DO Facofp Trustee-Exec Dir(termed 09/20) | OfficerTrustee | 55 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Medicentrix Llc Collection | 6/29/21 | $4,795,569 |
Jan-pro Cleaning Sys Cleaning | 6/29/21 | $472,551 |
Thomas Jefferson University Corporate Svcs | 6/29/21 | $1,934,136 |
Change Healthcare Technologies Llc It & Rev Cycle | 6/29/21 | $321,363 |
Specialty Care At Washington Llc Medical | 6/29/21 | $319,390 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,460,970 |
| All other contributions, gifts, grants, and similar amounts not included above | $310,540 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,771,510 |
| Total Program Service Revenue | $84,730,695 |
| Investment income | $586 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $50,325 |
| 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 | $86,553,116 |
| 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 | $81,772,337 |
| Pension plan accruals and contributions | $1,977,629 |
| Other employee benefits | $7,550,818 |
| Payroll taxes | $4,467,509 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $38,911 |
| Fees for services: Accounting | $5,243 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $12,099,488 |
| Advertising and promotion | $53,911 |
| Office expenses | $863,343 |
| Information technology | $233,651 |
| Royalties | $0 |
| Occupancy | $4,624,987 |
| Travel | $57,334 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $36,407 |
| Interest | $1,261 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $981,751 |
| Insurance | $1,580,140 |
| All other expenses | $0 |
| Total functional expenses | $120,645,599 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,362,430 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,657,010 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $366,579 |
| Prepaid expenses and deferred charges | $218,154 |
| Net Land, buildings, and equipment | $6,185,384 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $14,179,790 |
| Total assets | $26,969,347 |
| Accounts payable and accrued expenses | $9,963,028 |
| Grants payable | $0 |
| Deferred revenue | $623,500 |
| 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 | $64,347,313 |
| Total liabilities | $74,933,841 |
| Net assets without donor restrictions | -$47,964,494 |
| 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 | $26,969,347 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Kennedy Medical Group Practice Pc has recieved totaling $412,085.
| Awarding Organization | Amount |
|---|---|
Columbia University In The City Of New York New York, NY PURPOSE: Research | $135,695 |
Columbia University In The City Of New York New York, NY PURPOSE: Research | $135,695 |
Columbia University In The City Of New York New York, NY PURPOSE: Research | $135,695 |
Amga Foundation Inc Alexandria, VA PURPOSE: A.I. G3 LEARNING COLLABORATIVE EDUCATIONAL GRANT PART 2 | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Capital Health System Inc Trenton, NJ | $1,004,952,628 | $942,087,433 |
Physician Affiliate Group Of New York Pc New York, NY | $38,559,626 | $838,367,537 |
South Shore University Hospital Westbury, NY | $537,264,084 | $780,287,744 |
St Barnabas Hospital Bronx, NY | $509,709,936 | $489,229,934 |
Southern Ohio Medical Center Portsmouth, OH | $685,497,488 | $516,045,516 |
Barnabas Health Medical Group P C Oceanport, NJ | $150,195,711 | $412,355,034 |
Richmond Medical Center Staten Island, NY | $435,447,032 | $376,664,767 |
Virtua Medical Group Pa Marlton, NJ | $139,534,325 | $238,443,738 |
Upmc Western Maryland Corporation Cumberland, MD | $700,315,252 | $389,297,426 |
Trinitas Regional Medical Center A New Jersey Nonprofit Corporation Elizabeth, NJ | $505,269,561 | $345,999,545 |
St Lukes Hospital Anderson Campus Allentown, PA | $273,325,539 | $361,430,735 |
St Joseph Regional Health Network Reading, PA | $174,700,776 | $307,422,246 |