Volunteers In Medicine Clinic
- Assets
- $12.3m
- Revenue
- $8.5m
- Investments
- $376.4k
- Employees
- 44
- Location
- Hilton Head Island, SC
- Founding
- 09/1992
- Data as of
- 06/2022
- EIN
- 57-0959206
Organization Overview
Volunteers In Medicine Clinic is located in Hilton Head Island, SC. The organization was established in 1992. 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 06/2022, Volunteers In Medicine Clinic employed 44 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Volunteers In Medicine Clinic 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, Volunteers In Medicine Clinic generated $8.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.7% each year. All expenses for the organization totaled $7.1m during the year ending 06/2022. While expenses have increased by 8.1% 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
TO SERVE THE FAMILIES OF THE MEDICALLY INDIGENT WHO LIVE AND/OR WORK ON HILTON HEAD AND DAUFUSKIE ISLANDS IN SOUTH CAROLINA
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN FISCAL YEAR 2021, VOLUNTEERS IN MEDICINE HILTON HEAD ISLAND PROVIDED CARE THROUGH MORE THAN 25,000 PATIENT VISITS ACROSS 23 MEDICAL SPECIALTIES AND FIVE DISEASE MANAGMENT CLINICS. THIS WAS ALL ACCOMPLISHED THROUGH THE WORK OF MORE THAN 500 VOLUNTEERS INCLUDING PHYSICIANS, NURSES, DENTISTS, HYGIENISTS, MENTAL HEALTH PROFESSIONALS AND LAY VOLUNTEERS. COLLECTIVELY, THESE VOLUNTEERS GAVE MORE THAN 35,000 HOURS OF SERVICE TO ENABLE THE CLINIC TO SUCCESSFULLY MEET ITS MISSION TO PROVIDE HEALTHCARE TO THE MEDICALLY UNDERSERVED LIVING AND/OR WORKING ON HILTON HEAD AND DAUFUSKIE ISLANDS.VIM CONTINUES TO PERMEATE A MESSAGE OF WELLNESS THROUGHOUT THE CLINIC. ALTHOUGH VIM WILL ALWAYS BE THERE TO TREAT OUR PATIENTS' CRITICAL NEEDS. WE ARE CURRENTLY IMPLEMENTING A COMPREHENSIVE WELLNESS AND PREVENTATIVE CARE PROGRAM FOR VIM PATIENTS.RESEARCH CONFIRMS THAT THE BURDEN OF CHRONIC DISEASE IS CONCENTRATED WITHIN LOW INCOME PATIENTS SUCH AS THOSE WHO RELY ON VIM FOR THEIR HEALTHCARE NEEDS. FURTHERMORE, CHRONIC DISEASE AND POVERTY OFTEN INITIATE A VICIOUS CYCLE AS THE COMBINATION OF BOTH INSTIGATES A DOWNWARD SPIRAL OF WORSENING POVERTY AND DISEASE. ALTHOUGH VIM'S PATIENTS DO EXPERIENCE HIGHER RATES OF CHRONIC DISEASE AND RISK FACTORS FOR DEVELOPING SUCH, SIMPLE BEHAVIOR MODIFICATION AND LIFESTYLE CHANGES CAN SIGNIFICANTLY REDUCE COMPLICATIONS ASSOCIATED WITH CHRONIC DISEASE AND DECREASE INHERENT RISK.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kaye Black Director | Trustee | 2 | $0 |
Coleman Peterson Director | Trustee | 2 | $0 |
Marion Johnson Payne Board Secretary | OfficerTrustee | 2 | $0 |
Morris Campbell Director | Trustee | 2 | $0 |
John Anderson Director | Trustee | 2 | $0 |
Lynn Jennings-Taylor Board Chairman | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $3,023,026 |
| Membership dues | $0 |
| Fundraising events | $338,730 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,500,725 |
| Noncash contributions included in lines 1a–1f | $4,343,670 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,862,481 |
| Total Program Service Revenue | $0 |
| Investment income | $226,257 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $320,278 |
| Net Income from Fundraising Events | $73,286 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,489,079 |
| 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. | $278,097 |
| Compensation of current officers, directors, key employees. | $27,810 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,185,184 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $7,126 |
| Payroll taxes | $114,497 |
| 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 | $36,568 |
| Fees for services: Other | $28,853 |
| Advertising and promotion | $21,298 |
| Office expenses | $39,485 |
| Information technology | $95,118 |
| Royalties | $0 |
| Occupancy | $183,263 |
| Travel | $4,944 |
| 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 | $152,055 |
| Insurance | $67,730 |
| All other expenses | $5,972 |
| Total functional expenses | $7,144,038 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $817,679 |
| Savings and temporary cash investments | $1,175,487 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,129 |
| 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 | $81,042 |
| Net Land, buildings, and equipment | $1,977,168 |
| Investments—publicly traded securities | $7,804,875 |
| Investments—other securities | $376,387 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $19,629 |
| Total assets | $12,253,396 |
| Accounts payable and accrued expenses | $63,125 |
| Grants payable | $0 |
| Deferred revenue | $82,350 |
| 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 | $99,955 |
| Total liabilities | $245,430 |
| Net assets without donor restrictions | $7,515,768 |
| Net assets with donor restrictions | $4,492,198 |
| 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 | $12,253,396 |