Temple Faculty Practice Plan Inc
- Assets
- $109.9m
- Revenue
- $361.0m
- Investments
- $0.0
- Employees
- 717
- Location
- Philadelphia, PA
- Founding
- 05/2019
- Data as of
- 06/2022
- EIN
- 83-1002191
Organization Overview
Temple Faculty Practice Plan Inc is located in Philadelphia, PA. The organization was established in 2019. According to its NTEE Classification (E60) the organization is classified as: Health Support, under the broad grouping of Health Care and related organizations. As of 06/2022, Temple Faculty Practice Plan Inc employed 717 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Temple Faculty Practice Plan 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, Temple Faculty Practice Plan Inc generated $361.0m in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 4.0% each year. All expenses for the organization totaled $371.9m during the year ending 06/2022. While expenses have increased by 5.4% per year over the past 3 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
THE MISSION OF TEMPLE FACULTY PRACTICE PLAN, INC. IS TO PROVIDE ACCESS TO THE HIGHEST QUALITY OF CLINICAL CARE TO THE PATIENTS OF NORTH AND NORTHEAST PHILADELPHIA AND SURROUNDING AREAS, AND TO SUPPORT THE CLINICAL, ADMINISTRATIVE, AND CORPORATE ACTIVITIES OF TEMPLE UNIVERSITY HEALTH SYSTEM WHILE CONTINUING TO SUPPORT THE ACADEMIC AND RESEARCH MISSION OF TEMPLE UNIVERSITY'S LEWIS KATZ SCHOOL OF MEDICINE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TEMPLE FACULTY PRACTICE PLAN, INC. (TFPP) IS A NETWORK OF PRIMARY CARE AND SPECIALTY ACADEMIC PHYSICIANS WHO ARE DUALLY EMPLOYED BY TFPP AND THE LEWIS KATZ SCHOOL OF MEDICINE, WHICH IS PART OF TEMPLE UNIVERSITY. TFPP OFFERS PRIMARY CARE SERVICES AS WELL AS SPECIALTY SERVICES TO PATIENTS IN NORTH AND NORTHEAST PHILADELPHIA AND SURROUNDING AREAS, MANY OF WHICH ARE LOCATED IN AREAS DESIGNATED BY THE US DEPARTMENT OF HEALTH AND HUMAN SERVICES AS MEDICALLY UNDERSERVED AREAS / POPULATIONS FOR MEDICAL CARE PROFESSIONALS. TFPP EMPLOYS OR OTHERWISE CONTRACTS WITH APPROXIMATELY 600 PHYSICIANS TO PROVIDE HEALTHCARE SERVICES TO ITS PATIENTS, INCLUDING BOTH INPATIENT AND OUTPATIENT SERVICES OF THE AFFILIATED HOSPITALS OF TEMPLE UNIVERSITY HEALTH SYSTEM (TUHS).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Curtis Miyamoto MD Chair | OfficerTrustee | 48 | $618,865 |
Ellen M Tedaldi MD Vice Chair | OfficerTrustee | 50 | $260,542 |
Claire Raab CEO (from 11/02/21) | OfficerTrustee | 49 | $584,292 |
Thomas Kupp Interim CEO & Treasurer (until 11/02/21) | OfficerTrustee | 48 | $121,603 |
Chip W Marshall Director | Trustee | 2 | $0 |
Michael Young Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Change Healthcare Llc Technology Services | 6/29/22 | $2,532,415 |
Temple Physicians Inc Physician Services | 6/29/22 | $1,991,458 |
Fccc Medical Group Inc Physician Services | 6/29/22 | $2,463,779 |
Temple University Hospital Inc Management Services | 6/29/22 | $19,802,954 |
Inhospital Physicians Corp Physician Services | 6/29/22 | $2,140,200 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $1,470,000 |
| 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 | $1,470,000 |
| Total Program Service Revenue | $358,895,588 |
| Investment income | $570,681 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $18,227 |
| 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 | $360,954,496 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,105 |
| 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. | $4,055,436 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $220,223,698 |
| Pension plan accruals and contributions | $2,743,730 |
| Other employee benefits | $38,127,446 |
| Payroll taxes | $0 |
| Fees for services: Management | $13,540,609 |
| Fees for services: Legal | $9,356 |
| 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 | $42,549,209 |
| Advertising and promotion | $138,394 |
| Office expenses | $6,887,592 |
| Information technology | $3,696,755 |
| Royalties | $0 |
| Occupancy | $4,670,164 |
| Travel | $377,325 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $267,590 |
| Interest | $1,262 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $258,726 |
| Insurance | $30,241,989 |
| All other expenses | $0 |
| Total functional expenses | $371,860,911 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $50,334,953 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $30,447,775 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $20,462,115 |
| Inventories for sale or use | $122,009 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,078,852 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,474,029 |
| Total assets | $109,919,733 |
| Accounts payable and accrued expenses | $21,587,704 |
| 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 | $30,997 |
| Other liabilities | $103,417,396 |
| Total liabilities | $125,036,097 |
| Net assets without donor restrictions | -$15,116,364 |
| 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 | $109,919,733 |