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 09/2021, Bmg Family Physicians Group Foundation Inc employed 239 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 09/2021, Bmg Family Physicians Group Foundation Inc generated $14.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.4% each year. All expenses for the organization totaled $18.1m during the year ending 09/2021. While expenses have increased by 2.1% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
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:
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 35,952 PATIENTS ASSIGNED TO OUR FOUNDATION. - FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2021, WE PROVIDED CARE FOR 70,365 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 12 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 FIVE OFFICE LOCATIONS ARE CONVENIENTLY LOCATED AND ARE OPEN MONDAY - FRIDAY 8:00AM UNTIL 5:30PM. WE ALSO PROVIDE SERVICES ON SATURDAY AT OUR CORDOVA OFFICE WHICH IS OPEN FROM 8:00AM UNTIL NOON. ALL OF THIS IS DONE TO MEET THE GROWING NEEDS FOR HEALTH CARE IN OUR COMMUNITY.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
J Kenneth Wong MD Director/physician | Trustee | 40 | $453,251 |
Michael C Wallace MD Director/physician | Trustee | 40 | $417,463 |
Charles Woodall MD President/director | OfficerTrustee | 39.77 | $365,838 |
Melanie L Woodall MD Director/physician | Trustee | 40 | $335,205 |
Jay D Smith MD Director/physician | Trustee | 40 | $329,372 |
Ramune M Filipcic MD Director/physician | Trustee | 40 | $323,561 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Quest Lab Diagnostics Lab Services | 9/29/21 | $227,585 |
S Webster Haining & Co Renovation Services | 9/29/21 | $136,632 |
Medtemps Contract Labor | 9/29/21 | $216,297 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $1,333,555 |
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 | $1,333,555 |
Total Program Service Revenue | $12,689,042 |
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 | $14,210,561 |
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. | $2,882,847 |
Compensation of current officers, directors, key employees. | $288,285 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $7,406,103 |
Pension plan accruals and contributions | $289,627 |
Other employee benefits | $1,244,497 |
Payroll taxes | $602,659 |
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 | $908,084 |
Advertising and promotion | $4,073 |
Office expenses | $500,724 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $759,436 |
Travel | $2,461 |
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 | $59,444 |
Insurance | $100,803 |
All other expenses | $66,067 |
Total functional expenses | $18,107,819 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $236,213 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $551,747 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $21,671 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $326,813 |
Net Land, buildings, and equipment | $92,693 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $1,433,231 |
Total assets | $2,662,368 |
Accounts payable and accrued expenses | $1,241,000 |
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 | $249,074 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $36,717,927 |
Total liabilities | $38,208,001 |
Net assets without donor restrictions | -$35,545,633 |
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 | $2,662,368 |
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St Marys Medical Group Inc Athens, GA | $9,650,726 | $33,044,302 |
Appalachian Regional Medicalassociates Inc Boone, NC | $6,464,399 | $27,609,573 |
Cahaba Medical Care Foundation Centreville, AL | $18,005,567 | $49,779,023 |
Medlink Georgia Inc Colbert, GA | $35,403,477 | $50,106,041 |
Big Sandy Health Care Inc Prestonsburg, KY | $26,374,341 | $40,449,494 |
Rural Health Services Consortium Inc Rogersville, TN | $62,835,076 | $42,021,848 |
Health Services Inc Montgomery, AL | $33,082,379 | $31,965,223 |
Piedmont Access To Health Services Inc Danville, VA | $37,906,542 | $38,343,160 |
Coastal Family Health Center Inc Biloxi, MS | $22,123,495 | $31,619,752 |
Tri County Community Health Council Inc Four Oaks, NC | $27,703,568 | $27,323,166 |