Saint Michaels Clinics Inc
- Assets
- $13.1m
- Revenue
- $17.7m
- Investments
- $0.0
- Employees
- 0
- Location
- Newark, NJ
- Founding
- 05/2017
- Data as of
- 12/2022
- EIN
- 81-2927460
Organization Overview
Saint Michaels Clinics Inc is located in Newark, NJ. The organization was established in 2017. According to its NTEE Classification (G81) the organization is classified as: AIDS, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Saint Michaels Clinics 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 12/2022, Saint Michaels Clinics Inc generated $17.7m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 21.5% each year . All expenses for the organization totaled $16.7m during the year ending 12/2022. While expenses have increased by 21.1% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTION OF PUBLIC HEALTH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXPENSES INCURRED IN FURTHERING THE TAX-EXEMPT PURPOSE OF THE ORGANIZATION IN THE PROMOTION OF PUBLIC HEALTH. PLEASE REFER TO PART III, LINE 1 ABOVE FOR THE ORGANIZATION'S MISSION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Syed Kazmi Cmo And Secretary | OfficerTrustee | 1 | $0 |
Alan Sickles MD Executive Director | OfficerTrustee | 2.5 | $0 |
Jihad Slim MD Chairperson | OfficerTrustee | 1 | $0 |
Rajesh Mehta CFO And Treasurer | OfficerTrustee | 1 | $0 |
Edward Johnson MD Director | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Coordinated Care Network Consulting And It Services For 340b | 12/30/22 | $3,323,242 |
Saint Michaels Medical Center Staffing And Space Rental Services | 12/30/22 | $167,632 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,289,847 |
| 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 | $1,289,847 |
| Total Program Service Revenue | $16,423,409 |
| Investment income | $0 |
| 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 | $17,713,511 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $2,003,330 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $63,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,231,878 |
| Advertising and promotion | $70 |
| Office expenses | $10,172 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $334,764 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $16,693,970 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,883,574 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $892,748 |
| Accounts receivable, net | $1,320,396 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $13,096,718 |
| Accounts payable and accrued expenses | $2,726,019 |
| 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 | $220,255 |
| Total liabilities | $2,946,274 |
| Net assets without donor restrictions | $10,150,444 |
| 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 | $13,096,718 |