Au Medical Associates Inc
- Assets
- $106.5m
- Revenue
- $181.8m
- Investments
- $23.4m
- Employees
- 669
- Location
- Augusta, GA
- Founding
- 03/1961
- Data as of
- 06/2022
- EIN
- 58-0705892
Organization Overview
Au Medical Associates Inc, operating under the name Georgia Regents Medical Associates, is located in Augusta, GA. The organization was established in 1961. According to its NTEE Classification (E80) the organization is classified as: Health (General & Financing), under the broad grouping of Health Care and related organizations. As of 06/2022, Georgia Regents Medical Associates employed 669 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Georgia Regents Medical Associates 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, Georgia Regents Medical Associates generated $181.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.0% each year. All expenses for the organization totaled $214.0m during the year ending 06/2022. While expenses have increased by 3.8% 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 CONDUCT PROGRAMS IN SUPPORT OF THE RESEARCH, CLINICAL AND EDUCATIONAL MISSIONS OF AUGUSTA UNIVERSITY (AU).
Describe the Organization's Program Activity:
Part 3 - Line 4a
THROUGH THE EFFORTS OF THE ORGANIZATION, PRIMARY CARE AS WELL AS SPECIALIZED TERTIARY AND QUATERNARY MEDICAL PROVIDERS HAVE BEEN RECRUITED AND RETAINED TO PROVIDE CARE TO THOUSANDS OF INSURED AND UNINSURED GEORGIA AND SOUTH CAROLINA CITIZENS. EXPANSION TO COMMUNITY PRACTICE SITES HAS PROVIDED THE ORGANIZATION'S MEMBERS AND EMPLOYED PHYSICIANS WITH ADDITIONAL VENUES TO CARE FOR PATIENTS AND GENERATE NEW REFERRALS TO THE SUB SPECIALTY EDUCATIONAL AND CLINICAL PROGRAMS OF AUGUSTA UNIVERSITY (AU). DURING THE FISCAL YEAR ENDING JUNE 30, 2022, THE ORGANIZATION'S MEMBERS AND EMPLOYED PHYSICIANS PROVIDED $22.5 MILLION IN MEDICAL CARE TO UNINSURED AND UNDERINSURED CITIZENS OF GEORGIA AND SOUTH CAROLINA. EXPANSION EFFORTS HAVE BROUGHT THE SERVICES OF AU TO SURROUNDING COMMUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brooks Keel PHD Ex-Officio | OfficerTrustee | 2 | $0 |
David Hess MD Chair, Ex-Officio | OfficerTrustee | 3 | $10,616 |
Michael Groves MD Delegate Director | Trustee | 2 | $4,097 |
Valerie Hudson MD Department Chair Director | Trustee | 1 | $7,331 |
Annette Johnson MD Department Chair Director | Trustee | 1 | $7,472 |
David Monte Hunter MD Department Chair Director | Trustee | 1 | $8,815 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Locum Tenens Physician Services | 6/29/22 | $2,435,572 |
Radar Healthcare Providers Physician Services | 6/29/22 | $502,521 |
Stevin Dubin Physician Services | 6/29/22 | $328,750 |
Eugene Quarshie Physician Services | 6/29/22 | $289,750 |
Debra J Ware Physician Services | 6/29/22 | $228,550 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,405,255 |
| 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 | $1,405,255 |
| Total Program Service Revenue | $179,078,539 |
| Investment income | $489,824 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $563,894 |
| 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 | $181,842,735 |
| 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 | $20,759,585 |
| Compensation of current officers, directors, key employees. | $4,174,222 |
| Compensation of current officers, directors, key employees. | $208,711 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $41,117,713 |
| Pension plan accruals and contributions | $1,941,575 |
| Other employee benefits | $2,359,555 |
| Payroll taxes | $7,131,728 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $202,752 |
| Fees for services: Accounting | $32,188 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $106,744 |
| Fees for services: Other | $9,814,349 |
| Advertising and promotion | $507,251 |
| Office expenses | $21,174,656 |
| Information technology | $1,364,515 |
| Royalties | $0 |
| Occupancy | $380,191 |
| Travel | $144,415 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $59,563 |
| Interest | $1,316,273 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,437,398 |
| Insurance | $1,307,466 |
| All other expenses | $124,686,401 |
| Total functional expenses | $213,991,491 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,889,989 |
| Savings and temporary cash investments | $1,475,945 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $21,126,364 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,183,558 |
| Prepaid expenses and deferred charges | $192,862 |
| Net Land, buildings, and equipment | $24,623,572 |
| Investments—publicly traded securities | $28,262,408 |
| Investments—other securities | $23,388,217 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,307,682 |
| Total assets | $106,450,597 |
| Accounts payable and accrued expenses | $9,985,603 |
| Grants payable | $0 |
| Deferred revenue | $6,425,676 |
| Tax-exempt bond liabilities | $35,375,382 |
| 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 | $140,262,599 |
| Total liabilities | $192,049,260 |
| Net assets without donor restrictions | -$85,838,601 |
| Net assets with donor restrictions | $239,938 |
| 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 | $106,450,597 |
Grants Awarded
Over the last fiscal year, Au Medical Associates Inc has awarded $27,122,579 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
AUGUSTA UNIVERSITY PURPOSE: Med School Scholarships | $1,870,574 |
AUGUSTA UNIVERSITY PURPOSE: Faculty Sponsored | $176,000 |
AUGUSTA UNIVERSITY PURPOSE: AU Medical Expansion | $25,076,005 |