Kings Physician Services Pc
- Assets
- $47.5m
- Revenue
- $152.2m
- Investments
- $0.0
- Employees
- 307
- Location
- Brooklyn, NY
- Founding
- 08/2014
- Data as of
- 12/2021
- EIN
- 46-2333282
Organization Overview
Kings Physician Services Pc, operating under the name Newyork-Presbyterian Medical Group, is located in Brooklyn, NY. The organization was established in 2014. According to its NTEE Classification (E20) the organization is classified as: Hospitals, under the broad grouping of Health Care and related organizations. As of 12/2021, Newyork-Presbyterian Medical Group employed 307 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Newyork-Presbyterian 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE EXCELLENT MEDICAL HEALTH CARE SERVICES TO PATIENTS WITHOUT REGARD TO AGE, SEX, RACE, CREED, NATIONAL ORIGIN OR DISABILITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE EXCELLENT MEDICAL HEALTH CARE SERVICES TO PATIENTS WITHOUT REGARD TO AGE, SEX, RACE, CREED, NATIONAL ORIGIN OR DISABILITY IN THE AREAS OF INTERNAL MEDICINE, NEURO PSYCH, CARDIOLOGY, OB/GYN, PEDIATICS, FAMILY HEALTH, SURGERY, UROLOGY, PODIATRY AND OTHER MEDICAL AREAS. DURING 2021, THE TOTAL PATIENT VISITS WERE 899,329. THIS INCLUDES ALL PAYER TYPES AS WELL AS 250,978 MEDICAID AND MEDICAID HMO PATIENTS AND 328,033 MEDICARE AND MEDICARE HMO PATIENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed President | OfficerTrustee | 29.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Weill Cornell Medicine Leased Physicians | 12/30/21 | $44,654,954 |
Mtbc Health Inc Billing Services | 12/30/21 | $1,147,300 |
Columbia University Leased Physicians | 12/30/21 | $3,473,639 |
J & S Stark Billing And Consulting Inc Billing Services | 12/30/21 | $4,344,967 |
Diagnostic Cardiology Associates Medical Services | 12/30/21 | $1,531,008 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $17,000 |
| 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 | $17,000 |
| Total Program Service Revenue | $103,037,673 |
| 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 | $152,167,067 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $6,275,118 |
| 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. | $689,866 |
| Compensation of current officers, directors, key employees. | $689,866 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $102,801,318 |
| Pension plan accruals and contributions | $1,262,176 |
| Other employee benefits | $12,558,349 |
| Payroll taxes | $6,818,468 |
| 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 | $51,267,028 |
| Advertising and promotion | $0 |
| Office expenses | $7,555,060 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $11,879,899 |
| Travel | $4,273 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $44,476 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,221,578 |
| Insurance | $16,102,723 |
| All other expenses | $0 |
| Total functional expenses | $222,913,007 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,646,340 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,581,720 |
| 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 | $3,041,457 |
| Net Land, buildings, and equipment | $21,876,195 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,395,868 |
| Total assets | $47,541,580 |
| Accounts payable and accrued expenses | $22,453,989 |
| 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 | $263,914 |
| Total liabilities | $22,717,903 |
| Net assets without donor restrictions | $24,823,677 |
| 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 | $47,541,580 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Capital Health System Inc Trenton, NJ | $1,004,952,628 | $942,087,433 |
Southcoast Hospitals Group Inc New Bedford, MA | $1,265,624,200 | $959,620,935 |
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 |
Svmc Holdings Inc Bridgeport, CT | $272,750,174 | $429,886,007 |
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 |
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 |