Physician Enterprise Llc in Annapolis, Maryland (MD)

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Physician Enterprise Llc
Employer Identification Number (EIN)270263214
Name of OrganizationPhysician Enterprise Llc
In Care of NameSteve Clark
Address2001 Medical Pkwy, Annapolis, MD 21401-3280
SubsectionCharitable Organization
Ruling Date04/2012
DeductibilityContributions are deductible
FoundationHospital or medical research organization
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period06/2013
Assets$5,000,000 to $9,999,999
Income$50,000,000 to greater
Filing Requirement990 (all other) or 990EZ return
Asset Amount$6,776,337
Amount of Income$76,462,163
Form 990 Revenue Amount$76,305,102
National Taxonomy of Exempt Entities (NTEE)Health - General and Rehabilitative: Health Treatment Facilities, Primarily Outpatient


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Amount of income in 2013: $76,462,163 (it was $67,689,894 in 2012)
This organization: 

 $76,462,163
Other organizations performing similar types of work: 

 $502,277

Assets in 2013: $6,776,337 (it was $6,247,005 in 2012)
This organization: 

 $6,776,337
Other organizations performing similar types of work: 

 $342,333

Expenses in 2013: $82,647,804
This organization: 

 $82,647,804
Other organizations performing similar types of work: 

 $551,906

Income to expenses ratio in 2013: 0.9
Physician Enterprise Llc: 

 0.9
Other organizations performing similar types of work: 

 1.0

Number of employees in 2013: 235
Physician Enterprise Llc: 

 235
Other organizations performing similar types of work: 

 12

Employees paid over $100,000 in 2013: 45.5%
This organization: 

 45.5%
Other organizations performing similar types of work: 

 0.0%

Grants share in income in 2013: 14.7%
This organization: 

 14.7%
Other organizations performing similar types of work: 

 8.9%

Financial snapshot ($)

Revenue for 2013

Assets at the end of 2013

Functional expenses for 2013

Checklist
20122013
Is the organization described in section 501(c)(3) or 4947(a)(1) (other than a private foundation)?YesYes
Is the organization required to complete Schedule B, Schedule of Contributors?YesYes
Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition to candidates for public office?NoNo
Did the organization engage in lobbying activities, or have a section 501(h) election in effect during the tax year?NoNo
Is the organization a section 501(c)(4), 501(c)(5), or 501(c)(6) organization that receives membership dues, assessments, or similar amounts as defined in Revenue Procedure 98-19?NoNo
Did the organization maintain any donor advised funds or any similar funds or accounts for which donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts?NoNo
Did the organization receive or hold a conservation easement, including easements to preserve open space, the environment, historic land areas, or historic structures?NoNo
Did the organization maintain collections of works of art, historical treasures, or other similar assets?NoNo
Did the organization report an amount for escrow or custodial account liability; serve as a custodian or provide credit counseling, debt management, credit repair, or debt negotiation services?NoNo
Did the organization, directly or through a related organization, hold assets in temporarily restricted endowments, permanent endowments, or quasi-endowments?NoNo
Did the organization report an amount for land, buildings, and equipment?NoNo
Did the organization report an amount for investments-other securities that is 5% or more of its total assets?NoNo
Did the organization report an amount for investments-program related that is 5% or more of its total assets?NoNo
Did the organization report an amount for other assets that is 5% or more of its total assets?NoNo
Did the organization report an amount for other liabilities?YesYes
Did the organization's separate or consolidated financial statements for the tax year include a footnote that addresses the organization's liability for uncertain tax positions under FIN 48 (ASC 740)?YesYes
Did the organization obtain separate, independent audited financial statements for the tax year?NoNo
Was the organization included in consolidated, independent audited financial statements for the tax year?YesYes
Is the organization a school described in section 170(b)(1)(A)(ii)?NoNo
Did the organization maintain an office, employees, or agents outside of the United States?NoNo
Did the organization have aggregate revenues or expenses of more than $10,000 from grantmaking, fundraising, business, investment, and program service activities outside the United States, or aggregate foreign investments valued at $100,000 or more?NoNo
Did the organization report more than $5,000 of grants or other assistance to or for any foreign organization?NoNo
Did the organization report more than $5,000 of aggregate grants or other assistance to or for foreign individuals?NoNo
Did the organization report a total of more than $15,000 of expenses for professional fundraising services?NoNo
Did the organization report more than $15,000 total of fundraising event gross income and contributions?NoNo
Did the organization report more than $15,000 of gross income from gaming activities?NoNo
Did the organization operate one or more hospital facilities?NoNo
Did the organization attach a copy of its audited financial statements?NoNo
Did the organization report more than $5,000 of grants or other assistance to any domestic organization or domestic government?NoNo
Did the organization report more than $5,000 of grants or other assistance to or for domestic individuals?NoNo
Did the organization answer 'Yes' about compensation of the organization's current and former officers, directors, trustees, key employees, and highest compensated employees?YesYes
Did the organization have a tax-exempt bond issue with an outstanding principal amount of more than $100,000 as of the last day of the year, that was issued after December 31, 2002?NoNo
Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception?NoNo
Did the organization maintain an escrow account other than a refunding escrow at any time during the year to defease any tax-exempt bonds?NoNo
Did the organization act as an 'on behalf of' issuer for bonds outstanding at any time during the year?NoNo
Did the organization engage in an excess benefit transaction with a disqualified person during the year?NoNo
Is the organization aware that it engaged in an excess benefit transaction with a disqualified person in a prior year, and that the transaction has not been reported on any of the organization's prior Forms 990 or 990-EZ?NoNo
Did the organization report any amount for receivables from or payables to any current or former officers, directors, trustees, key employees, highest compensated employees, or disqualified persons?NoNo
Did the organization provide a grant or other assistance to an officer, director, trustee, key employee, substantial contributor or employee thereof, a grant selection committee member, or to a 35% controlled entity or family member of any of these persons?NoNo
Was the organization a party to a business transaction with one of the following parties
A current or former officer, director, trustee, or key employee?NoNo
A family member of a current or former officer, director, trustee, or key employee?NoNo
An entity of which a current or former officer, director, trustee, or key employee (or a family member thereof) was an officer, director, trustee, or direct or indirect owner?NoNo
Did the organization receive more than $25,000 in non-cash contributions?NoNo
Did the organization receive contributions of art, historical treasures, or other similar assets, or qualified conservation contributions?NoNo
Did the organization liquidate, terminate, or dissolve and cease operations?NoNo
Did the organization sell, exchange, dispose of, or transfer more than 25% of its net assets?NoNo
Did the organization own 100% of an entity disregarded as separate from the organization under Regulations sections 301.7701-2 and 301.7701-3?YesYes
Was the organization related to any tax-exempt or taxable entity?YesYes
Did the organization have a controlled entity within the meaning of section 512(b)(13)?NoNo
Did the organization make any transfers to an exempt non-charitable related organization?NoNo
Did the organization conduct more than 5% of its activities through an entity that is not a related organization and that is treated as a partnership for federal income tax purposes?NoNo
Statements Regarding Other IRS Filings and Tax Compliance
201120122013
The number reported in Box 3 of Form 109600
The number of Forms W-2G00
Did the organization comply with backup withholding rules for reportable payments to vendors and reportable gaming (gambling) winnings to prize winners?NoNo
The number of employees reported on Form W-3, Transmittal of Wage and Tax Statements, filed for the calendar year ending with or within the year covered by this return191235
Did the organization file all required federal employment tax returns?YesYes
Did the organization have unrelated business gross income of $1,000 or more during the year?NoNoNo
Has it filed a Form 990-T for this year?NoNo
At any time during the calendar year, did the organization have an interest in, or a signature or other authority over, a financial account in a foreign country (such as a bank account, securities account, or other financial account)?NoNo
Was the organization a party to a prohibited tax shelter transaction at any time during the tax year?NoNo
Did any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction?NoNo
Did the organization file Form 8886-T?NoNo
Does the organization have annual gross receipts that are normally greater than $100,000, and did the organization solicit any contributions that were not tax deductible as charitable contributions?NoNo
Did the organization include with every solicitation an express statement that such contributions or gifts were not tax deductible?NoNo
Did the organization receive a payment in excess of $75 made partly as a contribution and partly for goods and services provided to the payor?NoNo
Did the organization notify the donor of the value of the goods or services provided?NoNo
Did the organization sell, exchange, or otherwise dispose of tangible personal property for which it was required to file Form 8282?NoNo
Did the organization receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?NoNo
Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract?NoNo
If the organization received a contribution of qualified intellectual property, did the organization file Form 8899 as required?NoNo
If the organization received a contribution of cars, boats, airplanes, or other vehicles, did the organization file a Form 1098-C?NoNo
Did a donor advised fund maintained by the sponsoring organization have excess business holdings at any time during the year?NoNo
Did the sponsoring organization make any taxable distributions under section 4966?NoNo
Did the sponsoring organization make a distribution to a donor, donor advisor, or related person?NoNo
Initiation fees and capital contributions$0$0$0
Gross receipts for public use of club facilities $0$0$0
Gross income from members or shareholders$0$0$0
Gross income from other sources$0$0$0
Is the organization filing Form 990 in lieu of Form 1041?NoNo
The amount of tax-exempt interest received or accrued during the year$0$0
Is the organization licensed to issue qualified health plans in more than one state?NoNo
The amount of reserves the organization is required to maintain by the states in which the organization is licensed to issue qualified health plans$0$0
The amount of reserves on hand$0$0
Did the organization receive any payments for indoor tanning services during the tax year?NoNo
Has it filed a Form 720 to report these payments?NoNo
Compensation of Officers, Directors, Trustees, Key Employees, Highest Compensated Employees, and Independent Contractors
20122013
Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees
Total reportable compensation from the organization$5,661,234$5,703,191
Total reportable compensation from related organizations$1,337,760$1,441,383
Total estimated amount of other compensation from the organization and related organizations$211,702$353,850
Total number of individuals who received more than $100,000 of reportable compensation from the organization94107
Total number of independent contractors who received more than $100,000 of compensation from the organization00
Statement of Revenue
201120122013
Total revenue$54,566,683$67,593,895$76,305,102
Contributions, Gifts, Grants and Other Similar Amounts$6,969,376$10,952,751$11,234,985
Program Service Revenue$47,203,370$56,004,562$63,548,109
621110$52,585,346$59,520,847
812900$2,870,514$3,673,048
812900$488,484$282,229
Pharmacies and Drug Stores $60,218$71,985
All other program service revenue$0$0
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$0$0$0
Income from investment of tax-exempt bond proceeds$0$0$0
Royalties$0$0$0
Net rental loss$-7,860$-8,247$-4,119
Gross rents (Real / Personal)$100,072 / $100,073$43,876 / $43,876$76,471 / $76,471
Less: rental expenses (Real / Personal)$100,072 / $107,933$43,876 / $52,123$76,471 / $80,590
Rental income or (loss) (Real / Personal)$0 / $-7,860$0 / $-8,247$0 / $-4,119
Net gain/loss from sales of assets other than inventory$0$0$0
Net income/loss from fundraising events$0$0$0
Net income/loss from gaming activities$0$0$0
Net income/loss from sales of inventory$0$0$0
Miscellaneous Revenue$401,797$644,829$1,526,127
900099$422,237$1,294,260
900099$119,891$164,186
900099$58,393$49,757
All other revenue$44,308$17,924
Statement of Functional Expenses
201120122013
Total functional expenses$61,768,939$70,587,339$82,647,804
Grants and other assistance to domestic organizations and domestic governments$0$0
Grants and other assistance to domestic individuals$0$0
Grants and other assistance to foreign organizations, foreign governments, and foreign individuals$0$0
Benefits paid to or for members$0$0
Compensation of current officers, directors, trustees, and key employees$1,201,941$1,474,797$1,521,037
Compensation not included above, to disqualified persons$0$0
Other salaries and wages$40,687,510$44,166,111$54,132,456
Pension plan accruals and contributions$0$0
Other employee benefits$2,285,576$3,473,183
Payroll taxes$1,776,010$2,968,426$2,000,919
Fees for services (non-employees)
Management$2,218,319$2,914,925
Legal$11,947$448
Accounting$0$0
Lobbying$0$0
Professional fundraising services$0$0$0
Investment management fees$0$0
Other$366,684$1,064,682
Advertising and promotion$101,954$179,657
Office expenses$4,682,119$5,813,077
Information technology$237,376$336,502
Royalties$0$0
Occupancy$3,990,645$5,166,248
Travel$183,364$237,103
Payments of travel or entertainment expenses for any federal, state, or local public officials$0$0
Conferences, conventions, and meetings$0$0
Interest$0$0
Payments to affiliates$0$0
Depreciation, depletion, and amortization$0$0
Insurance$2,227,836$2,118,824
Other expenses$2,889,761$2,597,098
Other expenses$1,933,743$777,395
Other expenses$582,092$125,121
Other expenses$86,557$81,527
Other expenses$180,032$107,602
Balance Sheet
201120122013
Total assets$5,288,993$6,247,005$6,776,337
Cash - non-interest-bearing$447,227$200,883
Savings and temporary cash investments$0$0
Pledges and grants receivable, net$0$0
Accounts receivable, net$4,313,061$5,350,611
Loans and other receivables from current and former officers, directors, trustees, key employees, and highest compensated employees$0$0
Loans and other receivables from other disqualified persons, persons described in section 4958(c)(3)(B), and contributing employers and sponsoring organizations of section 501(c)(9) voluntary employees' beneficiary organizations$0$0
Notes and loans receivable, net$0$0
Inventories for sale or use$0$0
Prepaid expenses and deferred charges$262,315$441
Land, buildings, and equipment: cost or other basis$0$0
Investments - publicly traded securities$0$0
Investments - other securities$0$0
Investments - program-related$0$0
Intangible assets$1,224,402$1,224,402
Other assets$0$0
Total liabilities$17,957,715$21,909,171$28,781,205
Accounts payable and accrued expenses$4,369,908$5,482,005
Grants payable$0$0
Deferred revenue$0$0
Tax-exempt bond liabilities$0$0$0
Escrow or custodial account liability$0$0
Loans and other payables to current and former officers, directors, trustees, key employees, highest compensated employees, and disqualified persons$0$0
Secured mortgages and notes payable to unrelated third parties$0$0$0
Unsecured notes and loans payable to unrelated third parties$0$0$0
Other liabilities (including federal income tax, payables to related third parties, and other liabilities)$17,539,263$23,299,200
Total net assets or fund balances$-12,668,722$-15,662,166$-22,004,868
Unrestricted net assets$-15,662,166$-22,004,868
Temporarily restricted net assets$0$0
Permanently restricted net assets$0$0
Capital stock or trust principal, or current funds$0$0
Paid-in or capital surplus, or land, building, or equipment fund$0$0
Retained earnings, endowment, accumulated income, or other funds$0$0$0
Reason for Public Charity Status (for 2013)
The organization is not a private foundation because it is:A hospital or a cooperative hospital service organization described in section 170(b)(1)(A)(iii)
Number of organizations supported0
Sum of amounts of support$0
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Physician Enterprise Llc2001 Medical Pkwy, Annapolis, MD 21401-3280MD2012-04$76,462,163
2University Of Maryland Otorhino Laryngology-Head & Neck Surgery Pa16 S Eutaw St Ste 500, Baltimore, MD 21201-1619MD2007-03$4,054,631
3Mercy Health Clinic Inc7 Metropolitan Ct Ste 1, Gaithersburg, MD 20878-4016MD2000-05$1,930,628
4Eastern Shore Area Health Education Center Inc814 Chesapeake Dr, Cambridge, MD 21613-9408MD1996-10$1,378,080
5Renaissance Medical Group Inc525 Eastern Ave, Fairmount Hgt, MD 20743-1677MD1996-02$963,397
6Out Came The Sun Foundation IncC/O Csc Corporation 7 St Paul Street, Baltimore, MD 21202MD2008-07$587,433
7Roberto Clemente-Santa Ana Health Clinic Inc105 W Monument St, Baltimore, MD 21201-4701MD2003-11$365,252
8Maryland Dental Action Coalition Inc6410 Dobbin Rd Ste G, Columbia, MD 21045-4774MD2012-04$311,737
9Forward Motion Inc2920 Glenmore Ave, Baltimore, MD 21214-1708MD1996-10$290,306
10Park Heights Community Health Alliance Inc4151 Park Heights Ave, Baltimore, MD 21215-6730MD2000-12$212,167
11Community Dentistry On Wheels Inc4601 Presidents Drive, Lanham, MD 20706-4365MD2008-08$190,882
12Terry L Tipton Foundation IncPO BOX 115, Churchton, MD 20733-0115MD2002-06$81,617
13Carefree Foundation Inc5530 Wisconsin Avenue Suite 914, Chevy Chase, MD 20815-4330MD2005-01$0
14Community Health Center And Health Services Of Hyattsville Limited2504 Heatherwood Ct, Adelphi, MD 20783-1429MD2003-04$0
15K A Streete Foundation For Healthcare Advancement Inc4407 Windflower Way, Bowie, MD 20720-6200MD2011-03$0
16Monocacy Health Partners Llc, Thomas Kleinhanzl Sole Mbr400 W 7th St, Frederick, MD 21701-4506MD2013-03$0
17Odenton Health Association Incorporated509 Timber Woods Court, Gambrills, MD 21054MD1968-04$0
18Spring Of Life Wellness Center Inc6201 Riverdale Rd, Riverdale, MD 20737-2150MD2005-03$0
19Tooth Fairy On Wheels Inc6701 Democracy Blvd Ste 600, Bethesda, MD 20817-7520MD2001-03$0
20Vedanta Medical Clinic Inc3001 Bel Pre Road, Silver Spring, MD 20906MD2014-07$0
Number of organizations performing similar types of work
Alaska3
Alabama25
Arkansas18
Arizona28
California144
Colorado36
Connecticut14
District of Columbia4
Delaware5
Florida83
Georgia52
Hawaii9
Iowa13
Idaho9
Illinois42
Indiana35
Kansas14
Kentucky20
Louisiana26
Massachusetts26
Maryland22
Maine20
Michigan55
Minnesota30
Missouri35
Mississippi13
Montana5
North Carolina58
North Dakota3
Nebraska7
New Hampshire15
New Jersey35
New Mexico14
Nevada16
New York106
Ohio34
Oklahoma15
Oregon21
Pennsylvania67
Rhode Island5
South Carolina29
Tennessee35
Texas119
Utah11
Virginia26
Vermont12
Washington27
Wisconsin37
West Virginia7
Wyoming2
International3
Total1,490

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