Salem Physician Practices Pc
- Assets
- $20.4m
- Revenue
- $2.9m
- Investments
- $0.0
- Employees
- 34
- Location
- Salem, NJ
- Founding
- 11/2018
- Data as of
- 12/2022
- EIN
- 83-1552401
Organization Overview
Salem Physician Practices Pc is located in Salem, NJ. The organization was established in 2018. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. As of 12/2022, Salem Physician Practices Pc employed 34 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Salem Physician Practices Pc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE PRIMARY CARE AND SPECIALTY MEDICAL SERVICES IN FURTHERANCE OF THE CHARITABLE TAX-EXEMPT PURPOSES OF SALEM COUNTY HOSPITAL CORP; AN IRC 501(C)(3) TAX-EXEMPT ORG.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXPENSES INCURRED TO PROVIDE PRIMARY CARE AND SPECIALTY MEDICAL SERVICES IN FURTHERANCE OF THE CHARITABLE TAX-EXEMPT PURPOSES OF SALEM MEDICAL CENTER; AN INTERNAL REVENUE CODE SECTION 501(C)(3) TAX-EXEMPT HOSPITAL ORGANIZATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Wagner MD MBA Pres - Trustee (eff 12/15/22) | OfficerTrustee | 55 | $0 |
Daniel S Timmerman DO MPH Pres - Trustee (term 12/14/22) | OfficerTrustee | 55 | $513,235 |
Mitchell C Bober DO Physician - Primary Care | 55 | $500,854 | |
Harish Kakkilaya MD Bariatric Surgeon | 55 | $476,888 | |
Michael Levy MD Orthopedic Surgeon | 55 | $384,889 | |
Henry C Ho MD Gastroenterologist | 55 | $350,641 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Med-link Computer Sciences Llc It | 12/30/22 | $130,000 |
Sierra Health Group Billing/rev Cycle | 12/30/22 | $265,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| 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 | $0 |
| Total Program Service Revenue | $2,811,411 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $118,305 |
| 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 | $2,929,716 |
| 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. | $535,121 |
| Compensation of current officers, directors, key employees. | $53,512 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,922,856 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $393,951 |
| Payroll taxes | $289,640 |
| Fees for services: Management | $513,837 |
| Fees for services: Legal | $125 |
| 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 | $1,364,162 |
| Advertising and promotion | $0 |
| Office expenses | $45,751 |
| Information technology | $375,849 |
| Royalties | $0 |
| Occupancy | $652,083 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,266 |
| Interest | $10 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,762 |
| Insurance | $192,454 |
| All other expenses | $0 |
| Total functional expenses | $8,771,470 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $18,504 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $566,518 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $98,183 |
| Prepaid expenses and deferred charges | $36,177 |
| Net Land, buildings, and equipment | $19,886 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $19,620,001 |
| Other assets | $63,399 |
| Total assets | $20,422,668 |
| Accounts payable and accrued expenses | $1,606,780 |
| 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 | $18,895,429 |
| Total liabilities | $20,502,209 |
| Net assets without donor restrictions | -$79,541 |
| 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 | $20,422,668 |