Baltimore Medical System Inc
- Assets
- $50.1m
- Revenue
- $95.2m
- Investments
- $100.0
- Employees
- 556
- Location
- Baltimore, MD
- Founding
- 06/1985
- Data as of
- 12/2022
- EIN
- 52-1358241
Organization Overview
Baltimore Medical System Inc is located in Baltimore, MD. The organization was established in 1985. 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 12/2022, Baltimore Medical System Inc employed 556 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Baltimore Medical System 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 12/2022, Baltimore Medical System Inc generated $95.2m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 11.7% each year . All expenses for the organization totaled $95.6m during the year ending 12/2022. While expenses have increased by 11.8% per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
BALTIMORE MEDICAL SYSTEM IS A FEDERALLY QUALIFIED HEALTH CENTER. SEE SCHEDULE O.WE PROVIDE PRIMARY AND PREVENTATIVE HEALTH CARE TO DISADVANTAGED COMMUNITIES IN BALTIMORE CITY AND COUNTY THROUGH SIX COMMUNITY HEALTH CENTERS AND EIGHT SCHOOL HEALTH SITES. AS THE LARGEST "SAFETY NET" PROVIDER IN THE STATE, WE SERVE OVER 165,000 PEOPLE ANNUALLY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE PROVIDE PRIMARY AND PREVENTATIVE HEALTH CARE TO DISADVANTAGED COMMUNITIES IN BALTIMORE CITY AND COUNTY THROUGH SIX COMMUNITY HEALTH CENTERS AND EIGHT SCHOOL HEALTH SITES. AS THE LARGEST "SAFETY NET" PROVIDER IN THE STATE, WE SERVED 197,617 PEOPLE IN 2022.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christina Mcwilliams Chair | OfficerTrustee | 2 | $0 |
Selwyn Ray Secretary | OfficerTrustee | 2 | $0 |
Barbara Feege Treasurer | OfficerTrustee | 2 | $0 |
James Bobbitt 1st Vice Chair | OfficerTrustee | 2 | $0 |
Ayinde Stewart 2nd Vice Chair | OfficerTrustee | 2 | $0 |
Cheryl Bryant Trustee | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mcb Y56 Office 2 Llc Architure | 12/30/22 | $3,132,282 |
Broadway Services Inc Cleaning Services | 12/30/22 | $795,091 |
Obrecht Realty Service Inc Architure | 12/30/22 | $1,506,707 |
St Agnes Healthcare Inc Healthcare Providers | 12/30/22 | $674,820 |
Renaye James Healthcare Advisors Consulting | 12/30/22 | $1,074,848 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $59,094 |
| Related organizations | $0 |
| Government grants | $19,759,118 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,268,860 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $25,087,072 |
| Total Program Service Revenue | $70,066,630 |
| Investment income | $4,063 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$1,241 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $95,156,524 |
| 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. | $3,851,973 |
| Compensation of current officers, directors, key employees. | $1,436,146 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $34,041,587 |
| Pension plan accruals and contributions | $255,725 |
| Other employee benefits | $5,380,910 |
| Payroll taxes | $2,027,962 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $32,333 |
| Fees for services: Accounting | $199,896 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $9,713 |
| Fees for services: Other | $24,486,439 |
| Advertising and promotion | $432,216 |
| Office expenses | $12,497,489 |
| Information technology | $2,064,641 |
| Royalties | $0 |
| Occupancy | $5,340,965 |
| Travel | $22,432 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $128,649 |
| Interest | $215,323 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,221,833 |
| Insurance | $778,941 |
| All other expenses | $214,562 |
| Total functional expenses | $95,620,954 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $16,484,735 |
| Savings and temporary cash investments | $1,215,026 |
| Pledges and grants receivable | $2,901,558 |
| Accounts receivable, net | $11,635,028 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $356,474 |
| Prepaid expenses and deferred charges | $629,932 |
| Net Land, buildings, and equipment | $15,435,439 |
| Investments—publicly traded securities | $566,624 |
| Investments—other securities | $100 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $875,341 |
| Total assets | $50,100,257 |
| Accounts payable and accrued expenses | $13,599,942 |
| Grants payable | $0 |
| Deferred revenue | $740,693 |
| 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 | $2,476,271 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $606,309 |
| Total liabilities | $17,423,215 |
| Net assets without donor restrictions | $32,677,042 |
| 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 | $50,100,257 |