Bmg Family Physicians Group Foundation Inc

Organization Overview

Bmg Family Physicians Group Foundation Inc is located in Memphis, TN. The organization was established in 2015. 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 09/2023, Bmg Family Physicians Group Foundation Inc employed 199 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bmg Family Physicians Group 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 09/2022, Bmg Family Physicians Group Foundation Inc generated $12.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.6% each year. All expenses for the organization totaled $18.4m during the year ending 09/2022. While expenses have increased by 2.0% per year over the past 7 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

BMG FAMILY PHYSICIANS GROUP FOUNDATION, INC.'S MISSION IS TO SERVE THE COMMUNITY WITH COMPASSION AND TO PROVIDE QUALITY HEALTH CARE SERVICES AND HEALTH CARE EDUCATION.

Describe the Organization's Program Activity:

Part 3 - Line 4a

BMG FAMILY PHYSICIANS GROUP FOUNDATION, INC. PROVIDES QUALITY MEDICAL HEALTH CARE REGARDLESS OF RACE, CREED, SEX, NATIONAL ORIGIN, HANDICAP, OR AGE. PATIENTS OF EVERY RACE, CREED AND SOCIOECONOMIC GROUP COME TO THE PRACTICE FROM SEVERAL STATES WITH MOST OF ITS PATIENTS FROM THE METRO MEMPHIS AREA, EASTERN ARKANSAS AND NORTHERN MISSISSIPPI. ALTHOUGH REIMBURSEMENT FOR SERVICES RENDERED IS CRITICAL TO THE OPERATION AND STABILITY OF BMG FAMILY PHYSICIANS GROUP FOUNDATION, INC., IT IS RECOGNIZED THAT NOT ALL INDIVIDUALS POSSESS THE ABILITY TO PURCHASE ESSENTIAL MEDICAL SERVICES, AND FURTHER, THAT OUR MISSION IS TO SERVE THE COMMUNITY WITH RESPECT TO PROVIDING HEALTH CARE SERVICES AND HEALTH CARE EDUCATION. THEREFORE, IN KEEPING WITH ITS COMMITMENT TO SERVE ALL MEMBERS OF ITS COMMUNITY, BMG FAMILY PHYSICIANS GROUP FOUNDATION, INC. PROVIDES THE FOLLOWING:- WE PARTICIPATE IN MEMPHIS PLAN, A HEALTH CARE PROGRAM PROVIDING SERVICES TO SMALL BUSINESSES THAT CANNOT OTHERWISE AFFORD HEALTH CARE FOR THEIR EMPLOYEES. WE HAVE 38,177 PATIENTS ASSIGNED TO OUR FOUNDATION.- FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2023, WE PROVIDED CARE FOR 71,951 ENCOUNTERS. THESE INDIVIDUALS WOULD HAVE A DIFFICULT TIME FINDING ADEQUATE HEALTH CARE COVERAGE.- SOME OF OUR PROVIDERS VOLUNTEER OUTSIDE REGULAR BUSINESS HOURS AT THE CHURCH HEALTH CENTER PROVIDING MEDICAL SERVICES TO THE NEEDY IN OUR COMMUNITY.BMG FAMILY PHYSICIANS GROUP FOUNDATION, INC. HAS ALIGNED WITH BAPTIST MEMORIAL HEALTH CARE CORPORATION AND NOW HAS 15 PRIMARY CARE PHYSICIANS AND 6 NURSE PRACTITIONERS. WE ALSO HAVE A PHYSICAL THERAPIST AND A NONSURGICAL ORTHOPEDIC PHYSICIAN AT OUR 7685 WINCHESTER LOCATION. OUR OFFICES ARE LOCATED WITHIN THE MEMPHIS METRO AREA TO CONVENIENTLY SERVE THE COMMUNITY. WE ARE KNOWN AS ONE OF THE LARGEST PRIMARY CARE GROUPS WITHIN THE WEST TENNESSEE AREA.AMBULATORY SERVICES PROVIDED INCLUDE THE FOLLOWING: WELLNESS SCREENING EXAMS, COMPANY ACCOUNTS, WORKMEN'S COMPENSATION SERVICES, IMMUNIZATIONS AND FLU SHOTS, LAB SERVICES, DIGITAL X-RAYS, EKG, DEXA, ULTRASOUNDS, SPIROMETRY AND AUDIOMETRY, AND ABI'S. THESE SERVICES ARE PERFORMED WITHIN OUR FACILITIES IN AN EFFORT TO TREAT THE PATIENT AT ONE PRIMARY FACILITY.BMG FAMILY PHYSICIANS GROUP FOUNDATION, INC. HAS OVER 40,000 ACTIVE PATIENT RECORDS. OUR SEVEN OFFICE LOCATIONS ARE CONVENIENTLY LOCATED AND ARE OPEN MONDAY - FRIDAY 8:00AM UNTIL 5:30PM. ALL OF THIS IS DONE TO MEET THE GROWING NEEDS FOR HEALTH CARE IN OUR COMMUNITY.


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Board, Officers & Key Employees

Name (title)Compensation
Paul D Depriest MD
Director (thru 08/23)
$0
Gary C Anderson
Director (as Of 09/23)
$0
Mark E Swanson MD
Director
$0
Michael C Wallace MD
Director/physician
$490,365
J Kenneth Wong MD
Director/physician
$450,980
Jay D Smith MD
Director/physician
$397,570

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Medtemps
Contract Labor
$625,974
Quest Lab Diagnostics
Lab Services
$257,864
Marathon Management
Management Services
$189,190
View All Vendors

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$12,596,502
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 $12,784,970

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