Beebe Physican Network Inc
- Assets
- $19.4m
- Revenue
- $57.6m
- Investments
- $0.0
- Employees
- 644
- Location
- Lewes, DE
- Founding
- 02/2000
- Data as of
- 06/2022
- EIN
- 52-2011066
Organization Overview
Beebe Physican Network Inc, operating under the name Beebe Medical Group, is located in Lewes, DE. The organization was established in 2000. 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 06/2022, Beebe Medical Group employed 644 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Beebe 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.
For the year ending 06/2022, Beebe Medical Group generated $57.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.3% each year . All expenses for the organization totaled $89.1m during the year ending 06/2022. While expenses have increased by 9.6% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE OBEEBE PHYSICIAN NETWORK IS A COMMUNITY HEALTHCARE PROVIDER THAT PROVIDES ESSENTIAL PHYSICIAN SERVICES IN EASTERN SUSSEX COUNTY, A PHYSICIAN UNDER-SERVED AREA SINCE 1976.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BEEBE PHYSICIAN NETWORK PROVIDES CONTINUOUS CARE FOR INPATIENT AND UNREFFERED PATIENTS THROUGH THE BPN HOSPITALIST PROGRAM.
BEEBE PHYSICIAN NETWORK OPERATES A PHYSICIAN NETWORK WHICH ASSISTS IN MEETING THE HEALTH NEEDS AND GOALS OF ALL PERSONS IN ITS SERVICE AREA WITHOUT DISCRIMINATION, AS AN INTEGRAL PART OF THE COMMUNITY OF SUSSEX COUNTY.
BEEBE PHYSICIAN NETWORK HAS FILLED THE COMMUNITY NEED WITH ACCESS OF CARE TO THE COMMUNITY AND FILLED THE VOIDS THROUGH BEEBE GASTROENTEROLOGY ASSOCIATES.
BEEBE PHYSICIAN NETWORK HAS FILLED THE COMMUNITY NEED WITH ACCESS OF CARE TO THE COMMUNITY AND FILLED THE VOIDS THROUGH BEEBE VASCULAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Tam MD Director/bmc CEO | OfficerTrustee | 2 | $0 |
Delbert Kwan Director/physician | Trustee | 40 | $762,728 |
Paul Pernice Treasurer/bmc CFO | OfficerTrustee | 4 | $0 |
Daniel Cuozzo Term Thru Sep 2021 Chairperson/physician | OfficerTrustee | 40 | $628,214 |
William Chasanov Director | Trustee | 1 | $0 |
Ercilia Arias Director/physician | Trustee | 40 | $474,928 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Blue Shore Inc Cleaning Services | 6/29/22 | $343,214 |
Bravo Building Services Llc Cleaning Services | 6/29/22 | $242,854 |
Dover Behavioral Health System Contract Labor | 6/29/22 | $148,423 |
Coker Consulting Llc Consulting Services | 6/29/22 | $129,150 |
Staff Care Inc Contract Labor | 6/29/22 | $199,928 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $556,216 |
| 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 | $556,216 |
| Total Program Service Revenue | $48,133,225 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $100,326 |
| 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 | $57,619,619 |
| 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. | $1,692,108 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $222,838 |
| Other salaries and wages | $62,882,295 |
| Pension plan accruals and contributions | $838,617 |
| Other employee benefits | $5,144,801 |
| Payroll taxes | $3,266,876 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $65,520 |
| Fees for services: Accounting | $24,996 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,436,546 |
| Advertising and promotion | $192 |
| Office expenses | $2,941,463 |
| Information technology | $73,426 |
| Royalties | $0 |
| Occupancy | $4,511,006 |
| Travel | $8,847 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $11,425 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $615,843 |
| Insurance | $404,067 |
| All other expenses | $0 |
| Total functional expenses | $89,125,845 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,086,607 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,378,230 |
| 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 | $0 |
| Net Land, buildings, and equipment | $9,387,744 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $566,356 |
| Total assets | $19,418,937 |
| Accounts payable and accrued expenses | $15,050,234 |
| 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 | $290,623,109 |
| Total liabilities | $305,673,343 |
| Net assets without donor restrictions | -$286,254,406 |
| 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 | $19,418,937 |