Montana Family Practice Residency
- Assets
- $2.5m
- Revenue
- $6.8m
- Investments
- $0.0
- Employees
- 0
- Location
- Billings, MT
- Founding
- 11/1995
- Data as of
- 06/2022
- EIN
- 81-0499616
Organization Overview
Montana Family Practice Residency is located in Billings, MT. The organization was established in 1995. According to its NTEE Classification (B50) the organization is classified as: Graduate & Professional Schools, under the broad grouping of Education and related organizations. This organization is the central organization for a national or regional group of organizations. Montana Family Practice Residency 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, Montana Family Practice Residency generated $6.8m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 4.6% each year. All expenses for the organization totaled $6.8m during the year ending 06/2022. While expenses have increased by 4.6% per year over the past 5 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 MAINTAIN A MEDICAL EDUCATIONAL RESIDENCY PROGRAM THAT FURTHERS THE EDUCATION OF PHYSICIANS IN THE PRACTICE OF FAMILY MEDICINE. MFMR PROVIDES RESIDENTS WITH THE EDUCATION AND TRAINING TO GRADUATE FROM THE PROGRAM AND BE ABLE TO COMPETENTLY PRACTICE FAMILY MEDICINE IN A RURAL, FRONTIER, OR UNDERSERVED COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEVEN RESIDENTS COMPLETED TRAINING JUNE 30, 2022 FOR ACADEMIC YEAR 2021-22. ONE GRADUATE WILL COMPLETE AN AIR FORCE COMMITMENT IN MINOT, ND; ONE GRADUATE WILL PRACTICE OUTPATIENT MEDICINE, OCCASIONAL INPATIENT CALL AND PUBLIC HEALTH WORK IN REEDSPORT, OR; ONE GRADUATE WILL PRACTICE OUTPATIENT MEDICINE IN BUTTE, MT; ONE GRADUATE WILL PRACTICE INPATIENT MEDICINE IN FT. WAYNE, IN; ONE GRADUATE WILL PRACTICE OUTPATIENT, FULL-SPECTRUM MEDICINE IN ANACONDA, MT; ONE GRADUATE WILL PRACTICE OUTPATIENT MEDICINE IN BILLINGS, MT; AND ONE GRADUATE WILL PRACTICE INPATIENT MEDICINE IN BILLINGS, MT.THE SPORTS MEDICINE FELLOW COMPLETED TRAINING JULY 31, 2022 AND JOINED A NONSURGICAL ORTHOPEDICS AND SPORTS MEDICINE PRACTICE IN TWIN FALLS, ID.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Garth Brand MD Program Director | OfficerTrustee | 32.37 | $0 |
John Felton CEO | OfficerTrustee | 2 | $0 |
Lionel Tapia MD Board Chairman | OfficerTrustee | 2 | $0 |
Virginia Mohl MD Board Member | Trustee | 2 | $0 |
Mike Bush MD Board Member | Trustee | 2 | $0 |
Mike Temporal MD Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $480,000 |
| 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 | $480,000 |
| Total Program Service Revenue | $6,250,902 |
| Investment income | $42,780 |
| 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 | $6,773,682 |
| 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. | $1,142,617 |
| Compensation of current officers, directors, key employees. | $57,131 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,975,772 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $1,287,464 |
| 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 | $0 |
| Fees for services: Other | $160,647 |
| Advertising and promotion | $0 |
| Office expenses | $28,382 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $118,942 |
| Travel | $109,362 |
| 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 | $5,712 |
| Insurance | $42,534 |
| All other expenses | $27,759 |
| Total functional expenses | $6,762,248 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,895 |
| Savings and temporary cash investments | $4,817 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,143,162 |
| 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 | $40,339 |
| Investments—publicly traded securities | $1,298,864 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,497,077 |
| Accounts payable and accrued expenses | $1,238,273 |
| 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 | $1,238,273 |
| Net assets without donor restrictions | $1,258,804 |
| 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 | $2,497,077 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Montana Family Practice Residency Billings, MT | $2,497,077 | $6,773,682 |
Heidelberg Theological Seminary Sioux Falls, SD | $136,649 | $417,954 |
Independent Electrical Contractors-Dakotas Inc Education Sioux Falls, SD | $165,705 | $407,559 |
John Witherspoon College Rapid City, SD | $0 | $232,722 |
Mountain States Institute For Graduate Medical Education And Res Meridian, ID | $995,264 | $750,000 |