Northeast Georgia Medical Center Inc
- Assets
- $1.9b
- Revenue
- $1.3b
- Investments
- $0.0
- Employees
- 10,849
- Location
- Gainesville, GA
- Founding
- 04/1991
- Data as of
- 09/2020
- EIN
- 58-1694098
Organization Overview
Northeast Georgia Medical Center Inc is located in Gainesville, GA. The organization was established in 1991. According to its NTEE Classification (E22) the organization is classified as: General Hospitals, under the broad grouping of Health Care and related organizations. As of 09/2021, Northeast Georgia Medical Center Inc employed 10,849 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Northeast Georgia Medical Center 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 09/2020, Northeast Georgia Medical Center Inc generated $1.3b in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.5% each year. All expenses for the organization totaled $1.2b during the year ending 09/2020. While expenses have increased by 5.3% per year over the past 6 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 2015, Northeast Georgia Medical Center Inc has awarded 25 individual grants totaling $12,749,411. 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
IMPROVING THE HEALTH OF THE COMMUNITY IN ALL WE DO.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NORTHEAST GEORGIA MEDICAL CENTER, INC. (NGMC) INCLUDES CAMPUSES IN GAINESVILLE AND BRASELTON, GEORGIA AND IS AFFILIATED WITH NGMC BARROW AND NGMC LUMPKIN. AS A PART OF NORTHEAST GEORGIA HEALTH SYSTEM, NGMC SERVES MORE THAN A MILLION PEOPLE ACROSS 19 COUNTIES IN OUR REGION. SEE SCHEDULE O FOR PROGRAM SERVICE ACCOMPLISHMENTS CONTINUATION. **SEE SCHEDULE O FOR PROGRAM SERVICE ACCOMPLISHMENTS CONTINUATION**
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carol Burrell President & CEO | Officer | 1 | $1,387,598 |
Niraj Parikh Ngmc Physician | 40 | $1,265,453 | |
James G Reeves Ngmc Physician | 40 | $1,259,087 | |
Brandon Bruce Ngmc Physician | 40 | $881,107 | |
Brian D Steines Chief Financial Officer | Officer | 1 | $836,593 |
Michael Covert Chief Operating Officer | OfficerTrustee | 40 | $785,050 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Medifis Inc Staffing Services | 9/29/21 | $15,308,777 |
Anesthesia Associates Of Gainesville Anesthesia Services | 9/29/21 | $8,068,473 |
Epic Systems Corporation Software License And Maintenance | 9/29/21 | $4,760,976 |
Ge Precision Healthcare Llc Biomedical Equipment Maintenance | 9/29/21 | $9,564,005 |
Novo Health Services Laundry Services | 9/29/21 | $3,734,531 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $40,295,200 |
| Investment income | $28,165,282 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $857,994 |
| Net Gain/Loss on Asset Sales | -$19,639,043 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,322,306,983 |
| Statement of Expenses | |
|---|---|
| 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. | $2,917,673 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $400,002,605 |
| Pension plan accruals and contributions | $14,050,315 |
| Other employee benefits | $42,646,513 |
| Payroll taxes | $28,084,269 |
| Fees for services: Management | $110,904,793 |
| Fees for services: Legal | $963,781 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,428,877 |
| Fees for services: Other | $91,945,034 |
| Advertising and promotion | $181,459 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $11,155,343 |
| Travel | $643,608 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $34,030,597 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $79,801,849 |
| Insurance | $4,795 |
| All other expenses | $0 |
| Total functional expenses | $1,244,230,434 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $67,439,139 |
| Savings and temporary cash investments | $154,136 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $98,741,342 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $384,909 |
| Inventories for sale or use | $16,735,235 |
| Prepaid expenses and deferred charges | $2,343,563 |
| Investments—publicly traded securities | $1,126,137,248 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $1,668,780 |
| Other assets | $3,644,843 |
| Total assets | $1,937,388,441 |
| Accounts payable and accrued expenses | $122,959,345 |
| Grants payable | $0 |
| Deferred revenue | $133,862,004 |
| Tax-exempt bond liabilities | $961,802,437 |
| 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 | $33,363,396 |
| Total liabilities | $1,251,987,182 |
| 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 |
| Total liabilities and net assets/fund balances | $685,401,259 |
Grants Awarded
Over the last fiscal year, Northeast Georgia Medical Center Inc has awarded $2,452,138 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Gainesville, GA PURPOSE: OPERATING SUPPORT | $1,952,138 |
Gainesville, GA PURPOSE: PLEDGE/DONATION FOR NEW CAMPUS | $500,000 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Northeast Georgia Medical Center Inc has recieved totaling $619,625.
| Awarding Organization | Amount |
|---|---|
Ionetix Ppe Foundation San Francisco, CA PURPOSE: HOSPITAL GOWNS AND MASKS | $486,000 |
Georgia Center For Oncology Research And Education Inc Atlanta, GA PURPOSE: NCI Community Oncology Research Program - Cancer control symptom mgmt & treatment trials, health-related quality of life trials. | $111,189 |
American Cancer Society Inc Kennesaw, GA PURPOSE: Patient Support | $22,436 |
Endowment Analysis
| Beg. Balance | $23,676,482 |
| Earnings | $507,097 |
| Admin Expense | $117,612 |
| Net Contributions | $4,433,267 |
| Other Expense | $3,276,227 |
| Ending Balance | $25,223,007 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
First Health Of The Carolinas Inc Pinehurst, NC | $1,544,188,654 | $986,400,718 |
University Community Hospital Inc Tampa, FL | $1,235,213,568 | $915,701,443 |
Morton Plant Hospital Association Inc Clearwater, FL | $1,389,589,934 | $934,836,650 |
Mount Sinai Medical Center Of Florida Inc Miami Beach, FL | $992,427,664 | $901,856,611 |
Shands Jacksonville Medical Center Inc Jacksonville, FL | $750,537,278 | $894,366,475 |
Lakeland Regional Medical Center Inc Lakeland, FL | $799,528,886 | $860,757,084 |
Tallahassee Memorial Healthcare Inc Tallahassee, FL | $1,130,180,703 | $783,859,263 |
Mountain States Health Alliance Johnson City, TN | $556,120,495 | $805,201,599 |
Baptist Hospital Inc Pensacola, FL | $1,048,797,666 | $758,112,762 |
Baptist Memorial Hospital Memphis, TN | $691,981,947 | $770,663,628 |
Medical Center Of Central Georgia Inc Macon, GA | $1,397,526,718 | $800,413,800 |
Mcleod Regional Medical Center Of The Pee Dee Inc Florence, SC | $2,090,467,381 | $796,571,278 |