West Virginia University Medical Corporation

Organization Overview

West Virginia University Medical Corporation, operating under the name West Virginia University Physicians of Charleston, is located in Morgantown, WV. The organization was established in 2002. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 12/2021, West Virginia University Physicians of Charleston employed 275 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. West Virginia University Physicians of Charleston 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, West Virginia University Physicians of Charleston generated $59.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.3% each year. All expenses for the organization totaled $57.0m during the year ending 12/2021. While expenses have increased by 2.5% 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.

Since 2014, West Virginia University Physicians of Charleston has awarded 14 individual grants totaling $10,440,017. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO SUPPORT THE WEST VIRGINIA UNIVERSITY SCHOOL OF MEDICINE - CHARLESTON DIVISION.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE CORPORATION SUPPORTED THE FACULTY PHYSICIANS OF THE WEST VIRGINIA UNIVERSITY SCHOOL OF MEDICINE IN THEIR PROVISION OF MEDICAL SERVICES WITH APPROXIMATELY 21,034 PATIENT VISITS AND 95,174 PROCEDURES DURING 2021. THE CORPORATION INCURRED EXPENDITURES FOR SALARIES, WAGES AND EMPLOYEE BENEFITS ON BEHALF OF THE SCHOOL OF MEDICINE FOR FACULTY PHYSICIANS AND STAFF.


THE CORPORATION CONTINUOUSLY MEETS ITS EXEMPT PURPOSE BY PROVIDING FUNDS TO THE STATE-SUPPORTED WEST VIRGINIA UNIVERSITY SCHOOL OF MEDICINE. BY PROVIDING THESE FUNDS, THE CORPORATION HAS BOTH LESSENED THE BURDENS OF GOVERNMENT AND ADVANCED GRADUATE MEDICAL EDUCATION IN WEST VIRGINIA. AS PART OF ITS MISSION TO SUPPORT THE SCHOOL OF MEDICINE, THE CORPORATION INCURRED EXPENDITURES FOR PROFESSIONAL LIABILITY PREMIUMS ON BEHALF OF THE FACULTY PHYSICIANS OF THE SCHOOL OF MEDICINE OF APPROXIMATELY 1,044,204 FOR THE YEAR ENDED DECEMBER 31, 2021.


THE CORPORATION HAS ALSO LESSENED THE BURDENS OF GOVERNMENT BY RELIEVING POVERTY IN WEST VIRGINIA BY SUPPORTING THE FACULTY PHYSICIANS IN THEIR PROVISION OF CHARITY CARE. IN ADDITION, THE CORPORATION HAS PROMOTED HEALTH FOR THE BENEFIT OF THE COMMUNITY, WEST VIRGINIA BOTH RURAL AND METROPOLITAN AREAS AND SURROUNDING STATES. FOR EXAMPLE, THE CORPORATION HAS SUPPORTED THE FACULTY PHYSICIANS IN THEIR NON-REVENUE PRODUCING ENDEAVORS SUCH AS PRACTICING IN FREE CARE CLINICS, PROVIDING HEALTH-RELATED INFORMATION VIA TELEMEDICINE AND PRINTED MATERIALS, AND PROVIDING PHONE ACCESS TO THE FACULTY PHYSICIANS FOR THE STATES RURAL PHYSICIANS.


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Board, Officers & Key Employees

Name (title)Compensation
Stephen H Bush MD
Director
$652,735
Brian Richmond MD
Director
$613,521
Benjamin Dyer MD
Physician
$608,152
Aravinda Nanjundappa MD
Physician
$538,265
Michael Elmore MD
Physician
$512,968
Emily Battle MD
Physician
$496,828

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Locumtenenscom Llc
Healthcare Staffing
$253,189
Morgan Stanley Smith Barney Holding
Consulting And Investment Advisory
$100,000
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $3,733,912
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$3,733,912
Total Program Service Revenue$54,932,112
Investment income $526,800
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $12,520
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $59,205,918

Grants Awarded

Over the last fiscal year, West Virginia University Medical Corporation has awarded $1,395,184 in support to 2 organizations.

Grant RecipientAmount

WVU SCHOOL OF MEDICINE - CHARLESTON DIVISION

Org PageRecipient Profile

Morgantown, WV

PURPOSE: Support

$1,387,184

CAMC HEALTH EDUCATION AND RESEARCH INSTITUE INC

Org PageRecipient Profile

Charleston, WV

PURPOSE: Support

$8,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 1 grants that West Virginia University Medical Corporation has recieved totaling $16,705.

Awarding OrganizationAmount
Camc Foundation Inc

Charleston, WV

PURPOSE: General Support

$16,705
View Grant Recipient Profile

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