Morehouse Healthcare Inc
- Assets
- $4.7m
- Revenue
- $18.5m
- Investments
- $0.0
- Employees
- 93
- Location
- Atlanta, GA
- Founding
- 06/1990
- Data as of
- 06/2022
- EIN
- 58-1627802
Organization Overview
Morehouse Healthcare Inc is located in Atlanta, GA. The organization was established in 1990. According to its NTEE Classification (E03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Health Care and related organizations. As of 06/2022, Morehouse Healthcare Inc employed 93 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Morehouse Healthcare 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 06/2022, Morehouse Healthcare Inc generated $18.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.7% each year . All expenses for the organization totaled $20.2m during the year ending 06/2022. While expenses have increased by 12.2% 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
MOREHOUSE HEALTHCARE'S MISSION IS TO BECOME A LEADING PROVIDER OF EXCELLENCE IN CLINICAL SERVICES AND PROGRAMS WITH EMPHASIS ON PATIENT CARE AND HEALTH PROMOTIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MOREHOUSE HEALTHCARE PROVIDES A MEANS FOR THE MOREHOUSE SCHOOL OF MEDICINE TO TREAT THE SICK AND INJURED, ENGAGE IN MEDICAL RESEARCH AND MAINTAIN AND DEVELOP THE PRACTICAL SKILLS NECESSARY TO PROVIDE CLINICAL INSTRUCTION TO MEDICAL STUDENTS. OUR DEPARTMENT OF COMMUNITY HEALTH AND PREVENTIVE MEDICINE SUPPORTS THE MISSION IN WORKING TO PROVIDE PRIMARY CARE SERVICES TO THE MEDICALLY UNDERSERVED. SINCE 1997, WE HAVE PARTNERED WITH THE FULTON COUNTY DEPARTMENT OF HEALTH AND WELLNESS AND GRADY HEALTH SYSTEMS TO PROVIDE PRIMARY HEALTHCARE TO THE UNDERSERVED IN NORTHEAST ATLANTA. WE STAFF TWO GRADY HEALTH SYSTEM NEIGHBORHOOD HEALTH CENTERS AND PROVIDE CARE AT OTHER SITES AFFILIATED WITH MOREHOUSE SCHOOL OF MEDICINE. OUR COMPREHENSIVE FAMILY HEALTHCARE CENTER PHYSICIANS AND STAFF USE A HIGHLY EFFECTIVE TEAM APPROACH TO DELIVER COMPREHENSIVE PATIENT CARE THAT HELPS TO ENSURE TOTAL WELLNESS FOR PATIENTS OF ALL AGES. PATIENT SERVICES AT OUR CENTER EXTEND BEYOND THOSE TYPICALLY OFFERED BY OTHER CLINICS. SOME OF THE SERVICES WE PROVIDE ARE DOCTOR VISITS TO PATIENT HOMES, WEIGHT CONTROL AND STRESS MANAGEMENT COUNSELING, WOMEN'S WELLNESS PROGRAMS, INDIVIDUALIZED OR GROUP NUTRITIONAL COUNSELING AND A WIDE RANGE OF SOCIAL SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Valerie Montgomery Rice MD President | OfficerTrustee | 0 | $0 |
Roland Matthews MD Chair/prof Clinic Ob/gyn | Officer | 0 | $0 |
Kahdi Udobi Chair, Professor Clinic Surg | Officer | 0 | $0 |
Chinedu Ivonye Chair/prof Clinic Medicine | Officer | 0 | $0 |
Folashade Omole MD Chair/prof Clinic Family Med | Officer | 0 | $0 |
Gail Mattox Mccoy MD Chair/prof Clinci Psychiatry | Officer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| 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 | $0 |
| Total Program Service Revenue | $18,487,552 |
| Investment income | $14 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $18,506,489 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $640,503 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $10,254,201 |
| Pension plan accruals and contributions | $711,709 |
| Other employee benefits | $1,000,669 |
| Payroll taxes | $777,797 |
| Fees for services: Management | $386,172 |
| 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 | $0 |
| Fees for services: Other | $2,673,482 |
| Advertising and promotion | $0 |
| Office expenses | $1,045,617 |
| Information technology | $69,209 |
| Royalties | $0 |
| Occupancy | $2,453,754 |
| Travel | $460 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,176 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $135,472 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $20,154,221 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $442,154 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,474,358 |
| 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 | $801,197 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,717,709 |
| Accounts payable and accrued expenses | $873,118 |
| 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 | $0 |
| Total liabilities | $873,118 |
| Net assets without donor restrictions | $0 |
| 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 | $4,717,709 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Florida Association Of Rehabilitation Facilities Inc Tallahassee, FL | $15,047,962 | $48,154,772 |
Morehouse Healthcare Inc Atlanta, GA | $4,717,709 | $18,506,489 |
National Commission On Certification Of Physicians Assist Johns Creek, GA | $51,725,554 | $24,098,126 |
Tennessee Hospital Association Brentwood, TN | $59,191,608 | $16,937,384 |
International Society For Pharmaceutical Engineering Inc Tampa, FL | $11,781,437 | $10,779,198 |
Georgia Hospital Association Inc Atlanta, GA | $28,490,811 | $11,382,782 |
Alabama Hospital Association Inc Montgomery, AL | $12,106,181 | $10,432,234 |
Florida Medical Association Inc Tallahassee, FL | $13,317,089 | $7,201,125 |
South Carolina Hospital Association Columbia, SC | $28,488,134 | $7,448,077 |
Charles Henderson Memorial Association Troy, AL | $113,144,232 | $4,786,354 |
Medical Association Of The State Of Alabama Montgomery, AL | $7,781,804 | $4,117,229 |
Tennessee Medical Association Nashville, TN | $7,798,843 | $4,705,353 |