Msu Health Care Inc
- Assets
- $41.7m
- Revenue
- $108.4m
- Investments
- $0.0
- Employees
- 0
- Location
- East Lansing, MI
- Founding
- 09/2019
- Data as of
- 06/2022
- EIN
- 83-2236308
Organization Overview
Msu Health Care Inc is located in East Lansing, MI. The organization was established in 2019. According to its NTEE Classification (E30) the organization is classified as: Ambulatory & Primary Health Care, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Msu Health Care 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, Msu Health Care Inc generated $108.4m in total revenue. All expenses for the organization totaled $112.6m during the year ending 06/2022.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO IMPROVE THE HEALTH OF ALL THE COMMUNITIES WE SERVE.MSU HEALTH CARE AS THE CLINICAL ENTERPRISE OF MICHIGAN STATE UNIVERSITY'S HUMAN HEALTH COLLEGES' FOCUS IS TO PROVIDE HEALING AND CARING, FORM JOINT VENTURES AND PARTNERSHIPS AND LEVERAGE OUR EXPANSIVE CLINICAL RESEARCH AND EXPERT EDUCATIONAL STRENGTHS FOR OUR PATIENTS.WE REMAIN DEDICATED TO THE LAND-GRANT MISSION AND VALUES OF MSU, A MEMBER OF THE ASSOCIATION OF AMERICAN UNIVERSITIES AND A TOP 100 RESEARCH INSTITUTION.MSU HEALTH CARE WAS FORMED TO: - FOCUS ON HEALING AND CARING - FORM JOINT VENTURES AND PARTNERSHIPS - LEVERAGE OUR CLINICAL, RESEARCH AND EDUCATION STRENGTHS
Describe the Organization's Program Activity:
Part 3 - Line 4a
MSU HEALTH CARE IS A 501(C)(3) NON-PROFIT CORPORATION CREATED TO BE THE CLINICAL ENTERPRISE OF MICHIGAN STATE UNIVERSITY'S COLLEGE OF HUMAN MEDICINE, COLLEGE OF NURSING AND COLLEGE OF OSTEOPATHIC MEDICINE. OUR FOCUS IS TO PROVIDE HEALING AND CARING, FORM JOINT VENTURES AND PARTNERSHIPS AND LEVERAGE OUR EXPANSIVE CLINICAL RESEARCH AND EXPERT EDUCATIONAL STRENGTHS FOR OUR PATIENTS. WE REMAIN DEDICATED TO THE LAND-GRANT MISSION AND VALUES OF MSU, A MEMBER OF THE ASSOCIATION OF AMERICAN UNIVERSITIES AND A TOP 100 RESEARCH INSTITUTION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anthony Avellino Director (part Year) | Trustee | 0.25 | $0 |
Norman Beauchamp Chair | OfficerTrustee | 0.25 | $0 |
Andrew Zwyghuizen Director | Trustee | 0.25 | $0 |
Andrea Amalfitano Vice Chair | OfficerTrustee | 0.25 | $0 |
Joel Greenberg Treasurer | OfficerTrustee | 0.25 | $0 |
Aron Sousa Director | Trustee | 0.25 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Athena Health Inc Ehr & Pract Mgmt Software | 6/29/22 | $2,895,541 |
George F Eyde Family Llc Rental Property | 6/29/22 | $1,997,799 |
Edward W Sparrow Hospital Association Rental Property | 6/29/22 | $960,825 |
The Chartis Group Strategic Planning | 6/29/22 | $498,750 |
Afia Inc Consulting | 6/29/22 | $261,744 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $1,782,523 |
| Government grants | $1,620,424 |
| All other contributions, gifts, grants, and similar amounts not included above | $67,387 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,470,334 |
| Total Program Service Revenue | $99,398,143 |
| Investment income | $78,732 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $39,588 |
| Net Gain/Loss on Asset Sales | $15,180 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $108,429,887 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $14,500 |
| 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. | $1,149,023 |
| Compensation of current officers, directors, key employees. | $1,149,023 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $27,365,302 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $267,918 |
| Fees for services: Accounting | $112,981 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,854,961 |
| Advertising and promotion | $497,120 |
| Office expenses | $551,672 |
| Information technology | $6,230,201 |
| Royalties | $0 |
| Occupancy | $584,448 |
| Travel | $41,682 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $26,037 |
| Interest | $122,866 |
| Payments to affiliates | $44,245,528 |
| Depreciation, depletion, and amortization | $2,977,313 |
| Insurance | $2,019,238 |
| All other expenses | $202,001 |
| Total functional expenses | $112,648,292 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $95,032 |
| Savings and temporary cash investments | $16,932,572 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $10,717,920 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $757,283 |
| Prepaid expenses and deferred charges | $412,566 |
| Net Land, buildings, and equipment | $8,082,641 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $3,646,060 |
| Intangible assets | $0 |
| Other assets | $1,029,230 |
| Total assets | $41,673,304 |
| Accounts payable and accrued expenses | $1,662,952 |
| 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 | $15,190,030 |
| Total liabilities | $16,852,982 |
| Net assets without donor restrictions | $24,820,322 |
| 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 | $41,673,304 |