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Nonprofiteer
← FACULTY CLINIC INC

Form 990 for tax year 2022

Filed by FACULTY CLINIC INC.

Totals

Total revenue
$1,624,219
Total expenses
$1,497,914
Contributions and grants received
$329,498
Grants paid
$0
Program service revenue
$1,292,309
Investment income
$2,412
Other revenue
$0
Total assets, end of year
$10,429,089
Total liabilities, end of year
$8,014,395
Net assets or fund balances, end of year
$2,414,694
Program services expenses (Part IX)
$1,497,914
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$1,497,914

Program services were 100.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $329,498

  • 2a · Program service revenue: OFFICE LEASE REVENUE

    total $1,046,251 · related or exempt $1,046,251

  • 2b · Program service revenue: LEASE INTEREST INCOME

    total $246,058 · related or exempt $246,058

  • 3 · Investment income

    total $2,412 · excluded $2,412

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $313,382 · program services $313,382

  • 11c · Fees: accounting

    total $26,004 · program services $26,004

  • 11g · Fees: other

    total $55,265 · program services $55,265

  • 13 · Office expenses

    total $83,217 · program services $83,217

  • 16 · Occupancy

    total $348,015 · program services $348,015

  • 22 · Depreciation, depletion and amortization

    total $152,691 · program services $152,691

  • 23 · Insurance

    total $3,090 · program services $3,090

  • 24a · Other expenses: REPAIRS

    total $490,709 · program services $490,709

  • 24b · Other expenses: SECURITY

    total $12,435 · program services $12,435

  • 24c · Other expenses: SUBSCRIPTIONS

    total $4,569 · program services $4,569

  • 24d · Other expenses: EQUIPMENT RENTAL

    total $4,140 · program services $4,140

  • 24e · All other expenses

    total $4,397 · program services $4,397

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $686,606 · end of year $686,608

  • 2 · Savings and temporary cash investments

    beginning of year $761,445 · end of year $587,179

  • 4 · Accounts receivable

    beginning of year $947,002 · end of year $974,832

  • 9 · Prepaid expenses and deferred charges

    beginning of year $7,165 · end of year $3,962

  • 10a · Land, buildings and equipment: cost or other basis

    $15,064,161

  • 10b · Land, buildings and equipment: accumulated depreciation

    $14,025,114

  • 10c · Land, buildings and equipment, net

    beginning of year $854,772 · end of year $1,039,047

  • 15 · Other assets

    beginning of year $8,070,196 · end of year $7,137,461

  • 17 · Accounts payable and accrued expenses

    beginning of year $82,008 · end of year $89,040

  • 19 · Deferred revenue

    beginning of year $8,893,135 · end of year $7,846,883

  • 25 · Other liabilities

    beginning of year $63,654 · end of year $78,472

  • 27 · Net assets without donor restrictions

    beginning of year $2,288,389 · end of year $2,414,694

Mission and programs · 2022

Mission

TO PROVIDE HEALTHCARE SUPPORT BY OPERATING AS A FACILITIES MANAGEMENT COMPANY AND LEASE SPACE TO BOTH UNIVERSITY OF FLORIDA JACKSONVILLE PHYSICIANS AND SHANDS JACKSONVILLE MEDICAL CENTER.

Activities or mission (Part I)

SEE SCHEDULE O

  • THE FACULTY CLINIC, INC. OPERATES PRIMARILY AS A FACILITIES MANAGEMENT COMPANY AND LEASES SPACE TO THE UNIVERSITY OF FLORIDA JACKSONVILLE PHYSICIANS, INC. AND SHANDS JACKSONVILLE MEDICAL CENTER, INC.

    Expenses $1,497,914 · Revenue $1,292,309

As filed on the 2022 return.

Listed in Part VII

  • Dean Cocchi

    TRUSTEE

    Total calculated
    $613,114
    From this org
    $0
    From related orgs
    $592,173
    Other
    $20,941
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $479,769 related
    Bonus
    $0 + $65,450 related
    Other
    $0 + $46,954 related
    Deferred
    $0 + $3,634 related
    Nontaxable benefits
    $0 + $17,307 related
    Filer's total
    $0 + $613,114 related

  • Jon Debardeleben

    TRUSTEE

    Total calculated
    $336,216
    From this org
    $0
    From related orgs
    $312,106
    Other
    $24,110
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $259,153 related
    Bonus
    $0 + $28,270 related
    Other
    $0 + $24,683 related
    Deferred
    $0 + $12,877 related
    Nontaxable benefits
    $0 + $11,233 related
    Filer's total
    $0 + $336,216 related

  • Pradeep Kadambi MD

    CEO

    Total calculated
    $565,804
    From this org
    $0
    From related orgs
    $530,177
    Other
    $35,627
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $530,177 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $15,695 related
    Nontaxable benefits
    $0 + $19,932 related
    Filer's total
    $0 + $565,804 related

  • Greg Miller

    VICE CHAIR

    Total calculated
    $723,119
    From this org
    $0
    From related orgs
    $698,082
    Other
    $25,037
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $562,577 related
    Bonus
    $0 + $76,725 related
    Other
    $0 + $58,780 related
    Deferred
    $0 + $13,477 related
    Nontaxable benefits
    $0 + $11,560 related
    Filer's total
    $0 + $723,119 related

  • Christopher Cowen

    TRUSTEE

    Total calculated
    $851,765
    From this org
    $0
    From related orgs
    $750,991
    Other
    $100,774
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $723,127 related
    Bonus
    $0 + $20,720 related
    Other
    $0 + $7,144 related
    Deferred
    $0 + $90,945 related
    Nontaxable benefits
    $0 + $9,829 related
    Filer's total
    $0 + $851,765 related

  • Linda Edwards MD

    CHAIR

    Total calculated
    $683,815
    From this org
    $0
    From related orgs
    $626,227
    Other
    $57,588
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $626,227 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $42,264 related
    Nontaxable benefits
    $0 + $15,324 related
    Filer's total
    $0 + $683,815 related

  • Russ Armistead

    TRUSTEE

    Total calculated
    $1,030,851
    From this org
    $0
    From related orgs
    $1,026,063
    Other
    $4,788
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $850,000 related
    Bonus
    $0 + $163,625 related
    Other
    $0 + $12,438 related
    Deferred
    $0 + $3,185 related
    Nontaxable benefits
    $0 + $1,603 related
    Filer's total
    $0 + $1,030,851 related

  • Andy Godwin MD

    TRUSTEE

    Total calculated
    $630,081
    From this org
    $0
    From related orgs
    $581,690
    Other
    $48,391
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $556,702 related
    Bonus
    $0 + $11,513 related
    Other
    $0 + $13,475 related
    Deferred
    $0 + $28,459 related
    Nontaxable benefits
    $0 + $19,932 related
    Filer's total
    $0 + $630,081 related

  • Timothy Reinschmidt

    SECRETARY/TREASURER

    Total calculated
    $243,202
    From this org
    $0
    From related orgs
    $230,569
    Other
    $12,633
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $217,964 related
    Bonus
    $0
    Other
    $0 + $12,605 related
    Deferred
    $0 + $6,795 related
    Nontaxable benefits
    $0 + $5,838 related
    Filer's total
    $0 + $243,202 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
CEO COMPENSATION IS DETERMINED AND PAID BY A RELATED ORGANIZATION.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
7 May 2024
IRS schema version
2022v5.0
Source object
202401289349301505

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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