Gracemed Health Clinic Inc
- Assets
- $41.4m
- Revenue
- $36.2m
- Investments
- $1.6m
- Employees
- 454
- Location
- Wichita, KS
- Founding
- 05/1995
- Data as of
- 12/2021
- EIN
- 48-1159633
Organization Overview
Gracemed Health Clinic Inc is located in Wichita, KS. The organization was established in 1995. According to its NTEE Classification (E32) the organization is classified as: Community Clinics, under the broad grouping of Health Care and related organizations. As of 12/2021, Gracemed Health Clinic Inc employed 454 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gracemed Health Clinic 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 12/2021, Gracemed Health Clinic Inc generated $36.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.9% each year . All expenses for the organization totaled $29.7m during the year ending 12/2021. While expenses have increased by 12.6% 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.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO SHOW AND SHARE THE LOVE OF JESUS CHRIST BY PROVIDING COMPASSIONATE, ACCESSIBLE, HIGH-QUALITY HEALTH CARE FOR RESIDENTS IN THE COMMUNITIES WE SERVE.
Describe the Organization's Program Activity:
PROVIDING PRIMARY HEALTH AND DENTAL CARE TO KANSANS WITHOUT HEALTH INSURANCE OR ADEQUATE FINANCIAL RESOURCES TO SECURE TRADITIONAL HEALTH CARE SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Julie Elder Chief Medical Officer | Officer | 40 | $260,327 |
Billy Richardson Highest Compensated Employee | 40 | $217,010 | |
Venus Lee Chief Executive Officer | Officer | 40 | $214,599 |
Joyce Allen Highest Compensated Employee | 40 | $207,199 | |
Lance Jepson Highest Compensated Employee | 40 | $189,496 | |
Regan Dehart Highest Compensated Employee | 40 | $185,792 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Insight Direct Usa Inc Information Technology | 12/30/21 | $487,809 |
Hga Inc Architecture & Engineering | 12/30/21 | $483,617 |
Pearce Turk Dental Labs | 12/30/21 | $200,151 |
P&e Building Services Llc Janitorial Service | 12/30/21 | $171,863 |
My Home Care Llc Home Healthcare | 12/30/21 | $155,364 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $61,294 |
| Related organizations | $0 |
| Government grants | $13,964,829 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,848,239 |
| Noncash contributions included in lines 1a–1f | $2,244,068 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $16,874,362 |
| Total Program Service Revenue | $18,888,548 |
| Investment income | $313,161 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$16,194 |
| Net Income from Fundraising Events | $14,233 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $36,186,856 |
| 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. | $870,931 |
| Compensation of current officers, directors, key employees. | $158,858 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $16,114,481 |
| Pension plan accruals and contributions | $212,563 |
| Other employee benefits | $1,683,484 |
| Payroll taxes | $1,242,919 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,192 |
| Fees for services: Accounting | $118,437 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $103,576 |
| Fees for services: Other | $800,332 |
| Advertising and promotion | $524,366 |
| Office expenses | $324,679 |
| Information technology | $390,524 |
| Royalties | $0 |
| Occupancy | $691,605 |
| Travel | $76,612 |
| 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 | $1,090,502 |
| Insurance | $86,901 |
| All other expenses | $197,115 |
| Total functional expenses | $29,668,676 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $147,936 |
| Savings and temporary cash investments | $9,461,833 |
| Pledges and grants receivable | $87,227 |
| Accounts receivable, net | $981,257 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $22,417 |
| Prepaid expenses and deferred charges | $165,736 |
| Net Land, buildings, and equipment | $16,132,523 |
| Investments—publicly traded securities | $12,861,540 |
| Investments—other securities | $1,587,804 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $41,448,273 |
| Accounts payable and accrued expenses | $1,683,354 |
| Grants payable | $0 |
| Deferred revenue | $614,954 |
| 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 | $2,298,308 |
| Net assets without donor restrictions | $39,034,364 |
| Net assets with donor restrictions | $115,601 |
| 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 | $41,448,273 |
Grants Recieved
Over the last fiscal year, we have identified 9 grants that Gracemed Health Clinic Inc has recieved totaling $85,431.
| Awarding Organization | Amount |
|---|---|
Kansas Health Foundation Wichita, KS PURPOSE: Expand access to treatment and management of blood pressure for racial and ethnic minority patients in South Central KS by providing support in using self-measuring monitors and interacting virtually with health providers. | $25,000 |
Topeka Community Foundation Topeka, KS PURPOSE: HEALTH, GENERAL | $24,818 |
Greater Salina Community Foundation Salina, KS PURPOSE: Special Project | $10,000 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $10,000 |
Delta Dental Plan Of Kansas Inc Wichita, KS PURPOSE: Charitable Giving | $7,177 |
Kansas Area United Methodist Foundation Inc Hutchinson, KS PURPOSE: GENERAL SUPPORT | $5,364 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ascension Medical Group Michigan St Louis, MO | $49,266,771 | $75,124,562 |
Olathe Health Physicians Inc Olathe, KS | $62,649,906 | $78,349,515 |
Mercy Aco Clinical Services Inc Chesterfield, MO | $54,495,253 | $100,210,064 |
Peak Vista Community Health Centers Colorado Springs, CO | $101,706,738 | $110,168,435 |
Variety Care Inc Oklahoma City, OK | $68,235,522 | $80,451,700 |
Clinica Campesina Family Health Services Lafayette, CO | $54,834,686 | $74,832,192 |
Metro Community Provider Network Inc Denver, CO | $51,909,678 | $61,987,745 |
Childrens Physicians Omaha, NE | $24,211,934 | $53,758,964 |
Sunrise Community Health Evans, CO | $52,266,159 | $54,538,901 |
Central Oklahoma American Indian Health Council Inc Oklahoma City, OK | $34,134,466 | $49,159,437 |
Pueblo Community Health Center Inc Pueblo, CO | $55,236,903 | $40,314,401 |
Affinia Healthcare St Louis, MO | $34,572,214 | $40,367,020 |