Rush Medical Foundation
- Assets
- $412.4m
- Revenue
- $192.2m
- Investments
- $4.9m
- Employees
- 1,192
- Location
- Meridian, MS
- Founding
- 01/1950
- Data as of
- 12/2021
- EIN
- 64-0345119
Organization Overview
Rush Medical Foundation, operating under the name Ochsner Rush Medical Center, is located in Meridian, MS. The organization was established in 1950. 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 12/2022, Ochsner Rush Medical Center employed 1,192 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ochsner Rush Medical Center 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, Ochsner Rush Medical Center generated $192.2m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.5%) each year. All expenses for the organization totaled $192.7m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (0.2%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Ochsner Rush Medical Center has awarded 20 individual grants totaling $189,593,244. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE HEALTH CARE
Describe the Organization's Program Activity:
Part 3 - Line 4a
RUSH FOUNDATION HOSPITAL IS A 215-BED TERTIARY CARE FACILITY LOCATED IN MERIDIAN, MS IN LAUDERDALE COUNTY AND IS THE FLAGSHIP HOSPITAL FOR RUSH HEALTH SYSTEMS. WITH A 107-YEAR LEGACY OF MEDICAL INNOVATION, QUALITY CARE AND SERVICE TO OTHERS, RUSH HEALTH SYSTEMS IS COMPRISED OF 7 CARE HOSPITALS AND MORE THAN 30 CLINICS. WITH 250 STAFF AND CONTRACTED PHYSICIANS AND 95 ADVANCED-PRACTICE PROVIDERS, RUSH IS THE LARGEST NON-GOVERNMENTAL EMPLOYER IN THE REGION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ann Alexander Board Member | Trustee | 1 | $0 |
Billy Pierce Board Member | Trustee | 1 | $0 |
James K Purvis Board Member | Trustee | 1 | $0 |
Fred Blackledge Board Member | Trustee | 1 | $0 |
James Granger Board Member | Trustee | 1 | $0 |
Carol Smith Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Hhs Ltd Housekeeping | 12/30/22 | $1,284,665 |
Cura Hospitality Dietary Services | 12/30/22 | $1,175,298 |
Allscripts Healthcare Solutions It | 12/30/22 | $797,831 |
Healthcare Security Services Inc Security Services | 12/30/22 | $569,500 |
Gifted Nurses Rfh Contrace Nurse Services | 12/30/22 | $299,078 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $4,911,391 |
| All other contributions, gifts, grants, and similar amounts not included above | $87,796 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,999,187 |
| Total Program Service Revenue | $165,566,023 |
| Investment income | $2,005,106 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $16,463,917 |
| Net Gain/Loss on Asset Sales | -$2,797 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $192,199,853 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $18,075,443 |
| 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 | $52,103,542 |
| Pension plan accruals and contributions | $617,934 |
| Other employee benefits | $5,938,565 |
| Payroll taxes | $3,589,949 |
| Fees for services: Management | $16,084,847 |
| 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 | $1,090 |
| Fees for services: Other | $2,892,006 |
| Advertising and promotion | $494 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $4,713,740 |
| Travel | $19,370 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $4,343,921 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $10,005,497 |
| Insurance | $1,047,213 |
| All other expenses | $3,652,716 |
| Total functional expenses | $192,656,079 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $25,918,748 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $16,769,467 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $4,837,076 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $51,661,470 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $4,851,448 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $308,367,269 |
| Total assets | $412,405,478 |
| Accounts payable and accrued expenses | $19,631,178 |
| Grants payable | $0 |
| Deferred revenue | $7,971,260 |
| 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 | $128,421,600 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $232,055,608 |
| Total liabilities | $388,079,646 |
| Net assets without donor restrictions | $24,325,832 |
| 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 | $412,405,478 |
Grants Awarded
Over the last fiscal year, Rush Medical Foundation has awarded $15,948,433 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
RUSH HEALTH SYSTEMS INC PURPOSE: AFFILIATE SUPPORT | $2,545,547 |
MEDICAL FOUNDATION INC PURPOSE: AFFILIATE SUPPORT | $13,402,886 |