Core Physicians Llc is located in Exeter, NH. The organization was established in 2008. 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. As of 09/2021, Core Physicians Llc employed 811 individuals. This organization is an itermediate organization (such as a geographic headquarters) for a national or regional group of organizations. Core Physicians Llc 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 09/2021, Core Physicians Llc generated $100.3m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.7% each year. All expenses for the organization totaled $123.5m during the year ending 09/2021. While expenses have increased by 4.6% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF CORE PHYSICIANS IS TO IMPROVE THE HEALTH OF THE COMMUNITY. THIS MISSION IS PRINCIPALLY ACCOMPLISHED THROUGH THE PROVISION OF HEALTH SERVICES AND INFORMATION TO THE COMMUNITY WITHIN THE RESOURCES AVAILABLE. AS A MULTI-SPECIALTY GROUP PRACTICE CORE PHYSICIANS PROVIDES COMMUNITY ACCESS TO PRIMARY CARE PHYSICIANS, SPECIALTY PHYSICIAN SERVICES, PEDIATRIC DENTAL SERVICES, OFFICE BASED LABORATORY SERVICE, AS WELL AS CONTRACTED PHYSICIANS TO SUPPORT EXETER HOSPITAL'S 24/7 INTENSIVIST'S COVERAGE PROGRAM IN ITS ICU, AND INPATIENT HOSPITALIST PROGRAM. CORE PHYSICIANS SUPPORTS ACCESS TO ITS PHYSICIANS AND MEDICAL SERVICES THROUGH A ROBUST FINANCIAL ASSISTANCE PROGRAM THAT UNDERWRITES 100% OF THE COST OF MEDICAL CARE PROVIDED BY ITS PHYSICIANS BASED ON FAMILY SIZE AND INCOME FOR RESIDENTS OF OUR SERVICE AREA.
Describe the Organization's Program Activity:
CORE PHYSICIANS PROVIDES ACCESS TO PRIMARY CARE SERVICES TO MORE THAN 70,000 SEACOAST AREA RESIDENTS OF ALL AGES, AND ALL DEMOGRAPHIC AND SOCIO-ECONOMIC BACKGROUNDS REGARDLESS OF THEIR ABILITY TO PAY. CORE PHYSICIANS HAS OVER 180 PROVIDERS LOCATED IN 30 LOCATIONS ACROSS THE SEACOAST. IN 2021 CORE PHYSICIANS SUPPORTED ITS MISSION BY PROVIDING $3,541,915 IN COMMUNITY OUTREACH, BENEFITS AND FINANCIAL SUPPORT TO THE COMMUNITY EXCLUDING $29,237,298 IN UNCOVERED MEDICARE AND MEDICAID EXPENSES. CORE PHYSICIAN'S PRIMARY CARE SERVICES ARE BROKEN DOWN INTO THREE SPECIALTIES INCLUDING PEDIATRICS, FAMILY PRACTICE AND INTERNAL MEDICINE. ALL CORE PHYSICIANS PRIMARY CARE PRACTICES, WITH THE EXCEPTION OF EPPING PEDIATRICS, HAVE RECEIVED NATIONAL RECOGNITION FOR ITS PIONEERING WORK IN THE DEVELOPMENT OF THE PATIENT CENTERED MEDICAL HOME MODEL. CORE PHYSICIANS FINANCIAL ASSISTANCE PROGRAM IS AVAILABLE TO ALL INDIVIDUALS WHO MEET THE FINANCIAL ELIGIBILITY REQUIREMENTS AND WHO LIVE WITHIN CORE PHYSICIANS' SPECIFIED SERVICE AREA FOR MEDICALLY NECESSARY SERVICES. IN 2021, CORE PHYSICIANS INCURRED $94,557 IN COSTS TO PROVIDE CHARITY CARE TO ELIGIBLE PATIENTS.IN ORDER TO SUPPORT THE MORE COMPLEX MEDICAL NEEDS OF OUR PRIMARY CARE PATIENTS AND THOSE OF UNAFFILIATED PATIENTS FROM ACROSS OUR SERVICE AREA, CORE PHYSICIANS PROVIDES A FULL RANGE OF MEDICAL AND SURGICAL SPECIALTIES. OUR AREAS OF SPECIALIZATION INCLUDE THE FOLLOWING: DIABETES, PLASTIC SURGERY, GENERAL SURGERY, ORTHOPEDIC SURGERY, VASCULAR SURGERY, NEUROLOGY, PHYSIATRY, PODIATRY, GASTROENTEROLOGY, RHEUMATOLOGY, UROLOGY, WOMEN'S HEALTH, MEDICAL & INVASIVE CARDIOLOGY, PULMONOLOGY, ALLERGY, SLEEP MEDICINE, ACUPUNCTURE, INFECTIOUS DISEASE, COMPREHENSIVE OTOLARYNGOLOGY & AUDIOLOGY, ENDOCRINOLOGY, WOUND CARE, AND LGBTQ HEALTH.OUR SPECIALTY SERVICES CONTINUE TO EXPAND IN ORDER TO REFLECT THE CHANGING AND GROWING HEALTHCARE NEEDS OF OUR COMMUNITY. CORE PHYSICIANS' SPECIALISTS ARE BOARD CERTIFIED. CORE PHYSICIANS FINANCIAL ASSISTANCE PROGRAM ALSO EXTENDS TO COVER MEDICALLY NECESSARY SPECIALIST PROFESSIONAL SERVICES FOR INDIVIDUALS WHO MEET OUR ELIGIBILITY REQUIREMENTS.THE DENTAL PROGRAM WHICH IS CURRENTLY PART OF CORE PHYSICIANS WAS ORIGINALLY INITIATED AS A SEPARATE AFFILIATED ENTITY IN RESPONSE TO A DOCUMENTED GAP IN THE COMMUNITY RELATED TO THE AVAILABILITY OF DENTAL SERVICES FOR CHILDREN EITHER WITHOUT INSURANCE OR ON MEDICAID. THE DENTAL PROGRAM IS ONE OF SEVERAL "MISSION BASED" SPECIALTY MEDICAL SERVICES CORE PHYSICIANS PROVIDES IN THE GREATER SEACOAST COMMUNITY. CURRENTLY CORE PHYSICIANS HAS THREE DENTISTS AND EIGHT DENTAL HYGIENISTS WHO PROVIDE DENTAL CARE.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Avnish Clerk MD Physician | 40 | $1,203,398 | |
Thomas Mcgovern MD Physician | 40 | $1,004,122 | |
Aaron Colman MD Physician | 40 | $907,217 | |
E William Johnson MD MPH Physician | 40 | $796,019 | |
Kimberly Marble MD Physician | 40 | $757,578 | |
Jessica Peelman MD Clinician Manager | Trustee | 41 | $717,613 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Exeter Health Resources Inc Administrative Management Fees | 9/29/21 | $3,824,021 |
Exeter Hospital Inc Support Services | 9/29/21 | $2,074,189 |
Massachusetts General Hospital Physician Services | 9/29/21 | $1,749,392 |
Seacoast Pathology Laboratory Testing Services | 9/29/21 | $1,537,341 |
Nextgen Healthcare Inc Billing Software And Support | 9/29/21 | $1,389,664 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $7,353,215 |
All other contributions, gifts, grants, and similar amounts not included above | $13,620 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $7,366,835 |
Total Program Service Revenue | $92,908,406 |
Investment income | $5,638 |
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 | $100,280,879 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $8,000 |
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. | $5,175,667 |
Compensation of current officers, directors, key employees. | $858,282 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $69,051,799 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $9,168,035 |
Payroll taxes | $3,929,241 |
Fees for services: Management | $0 |
Fees for services: Legal | $15,240 |
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 | $16,710,643 |
Advertising and promotion | $489,929 |
Office expenses | $1,276,749 |
Information technology | $146,381 |
Royalties | $0 |
Occupancy | $7,289,480 |
Travel | $250,786 |
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 | $1,222,539 |
Insurance | $2,262,220 |
All other expenses | $6,477,009 |
Total functional expenses | $123,473,718 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $193,807 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $7,769,640 |
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 | $1,745,645 |
Net Land, buildings, and equipment | $3,641,363 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $358,066 |
Other assets | $5,663,239 |
Total assets | $19,371,760 |
Accounts payable and accrued expenses | $12,958,958 |
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 | $12,221,935 |
Total liabilities | $25,180,893 |
Net assets without donor restrictions | -$6,001,633 |
Net assets with donor restrictions | $192,500 |
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 | $19,371,760 |
Over the last fiscal year, Core Physicians Llc has awarded $14,000 in support to 2 organizations.
Grant Recipient | Amount |
---|---|
Exeter, NH PURPOSE: Sponsors the organization's primary purpose which is to develop good sportsmanship among all players for the betterment of their emotional and social well-being. | $8,000 |
HAMPTON ATTACK SOCCER CLUB PURPOSE: Sponsors the organization's objective to promote, foster and perpetuate the game of soccer by providing the opportunity to experience the game, learn and develop skills. | $6,000 |
Over the last fiscal year, we have identified 1 grants that Core Physicians Llc has recieved totaling $8,000.
Awarding Organization | Amount |
---|---|
Cerullo Family Foundation Albany, NY PURPOSE: GENERAL CHARITABLE PURPOSES | $8,000 |
Beg. Balance | $127,691 |
Net Contributions | $268,800 |
Other Expense | $203,991 |
Ending Balance | $192,500 |
Organization Name | Assets | Revenue |
---|---|---|
Harvard Medical Faculty Phys At Beth Israel Deaconess Med Ctr Inc Boston, MA | $333,623,970 | $615,180,366 |
Lahey Clinic Inc Burlington, MA | $218,926,928 | $291,194,396 |
Core Physicians Llc Exeter, NH | $19,371,760 | $100,280,879 |
Fenway Community Health Center Inc Boston, MA | $98,106,829 | $102,495,347 |
South Shore Medical Center Norwell, MA | $68,415,013 | $83,043,739 |
Covenant Health Inc Tewksbury, MA | $176,504,110 | $66,693,555 |
Northeast Medical Practice Inc Beverly, MA | $9,391,030 | $29,044,634 |
Community Health Centers Of The Rutland Region Inc Bomoseen, VT | $43,165,841 | $55,593,071 |
Elliot Physicians Network Inc Manchester, NH | $1,816,267 | $35,254,410 |
Joslin Clinic Inc Boston, MA | $1,449,450 | $30,901,455 |
Dothouse Health Inc Dorchester, MA | $42,479,171 | $32,671,176 |
Childrens Hospital Opthalmology Foundation Inc Boston, MA | $74,480,259 | $29,831,177 |