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Nonprofiteer
← MEMPHIS LUNG PHYSICIANS FOUNDATION INC

Form 990 for tax year 2022

Filed by MEMPHIS LUNG PHYSICIANS FOUNDATION INC.

Totals

Total revenue
$14,816,791
Total expenses
$21,149,767
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$14,815,696
Investment income
$1,095
Other revenue
$0
Total assets, end of year
$8,518,999
Total liabilities, end of year
$36,420,469
Net assets or fund balances, end of year
-$27,901,470
Program services expenses (Part IX)
$19,850,463
Management and general expenses
$1,299,304
Fundraising expenses
$0
Program service expenses (Part III)
$19,850,463

Program services were 93.9% 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.

  • 2a · Program service revenue: PATIENT SERVICE REV.

    total $8,970,962 · related or exempt $8,970,962

  • 2b · Program service revenue: OTHER OPERATING REV.

    total $5,844,734 · related or exempt $5,844,734

  • 3 · Investment income

    total $1,095 · excluded $1,095

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $3,201,651 · program services $3,009,552 · management and general $192,099

  • 7 · Other salaries and wages

    total $13,145,056 · program services $12,356,353 · management and general $788,703

  • 8 · Pension plan contributions

    total $320,310 · program services $301,091 · management and general $19,219

  • 9 · Other employee benefits

    total $954,219 · program services $896,966 · management and general $57,253

  • 10 · Payroll taxes

    total $672,859 · program services $632,487 · management and general $40,372

  • 11b · Fees: legal

    total $3,545 · program services $3,332 · management and general $213

  • 11g · Fees: other

    total $216,337 · program services $203,356 · management and general $12,981

  • 12 · Advertising and promotion

    total $285 · program services $268 · management and general $17

  • 13 · Office expenses

    total $205,116 · program services $192,809 · management and general $12,307

  • 16 · Occupancy

    total $598,396 · program services $562,492 · management and general $35,904

  • 17 · Travel

    total $9,810 · program services $3,924 · management and general $5,886

  • 19 · Conferences, conventions and meetings

    total $44,281 · program services $17,712 · management and general $26,569

  • 20 · Interest

    total $730 · management and general $730

  • 22 · Depreciation, depletion and amortization

    total $193,221 · program services $181,628 · management and general $11,593

  • 23 · Insurance

    total $155,020 · program services $145,719 · management and general $9,301

  • 24a · Other expenses: CORPORATE MGMT FEE

    total $816,900 · program services $767,886 · management and general $49,014

  • 24b · Other expenses: REPAIRS AND MAINTENANCE

    total $355,275 · program services $333,959 · management and general $21,316

  • 24c · Other expenses: MEDICAL SUPPLIES

    total $202,293 · program services $202,293 · management and general $0

  • 24d · Other expenses: TAXES AND LICENSES

    total $29,392 · program services $27,628 · management and general $1,764

  • 24e · All other expenses

    total $25,071 · program services $11,008 · management and general $14,063

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $0 · end of year $200

  • 2 · Savings and temporary cash investments

    beginning of year $230,995 · end of year -$254,073

  • 4 · Accounts receivable

    beginning of year $1,490,689 · end of year $2,565,030

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $58

  • 9 · Prepaid expenses and deferred charges

    beginning of year $155,912 · end of year $216,945

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

    $2,320,342

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

    $846,380

  • 10c · Land, buildings and equipment, net

    beginning of year $1,501,218 · end of year $1,473,962

  • 15 · Other assets

    beginning of year $4,882,223 · end of year $4,516,877

  • 17 · Accounts payable and accrued expenses

    beginning of year $968,698 · end of year $971,628

  • 25 · Other liabilities

    beginning of year $28,860,833 · end of year $35,448,841

  • 27 · Net assets without donor restrictions

    beginning of year -$21,568,494 · end of year -$27,901,470

Mission and programs · 2022

Mission

MEMPHIS LUNG PHYSICIANS FOUNDATION, INC. PROVIDES QUALITY MEDICAL HEALTH CARE REGARDLESS OF RACE, CREED, SEX, NATIONAL ORIGIN, HANDICAP, OR AGE. MEMPHIS LUNG PHYSICIANS FOUNDATION, INC. SPECIALIZES IN PULMONARY, CRITICAL CARE AND SLEEP MEDICINE.

Activities or mission (Part I)

MEMPHIS LUNG PHYSICIANS FOUNDATION, INC. PROVIDES QUALITY MEDICAL HEALTH CARE REGARDLESS OF RACE, CREED, SEX, NATIONAL ORIGIN, HANDICAP, OR AGE.

  • MEMPHIS LUNG PHYSICIANS FOUNDATION, INC. PROVIDES QUALITY MEDICAL HEALTH CARE REGARDLESS OF RACE, CREED, SEX, NATIONAL ORIGIN, HANDICAP, OR AGE. MEMPHIS LUNG PHYSICIANS FOUNDATION, INC. SPECIALIZES IN PULMONARY, CRITICAL CARE AND SLEEP MEDICINE. IN ADDITION TO CRITICAL CARE, WE FOCUS ON THE DIAGNOSIS AND TREATMENT OF ACUTE RESPIRATORY DISTRESS, CHRONIC OBSTRUCTIVE PULMONARY DISEASE, ASTHMA, CYSTIC FIBROSIS, LUNG CANCER, OBSTRUCTIVE SLEEP APNEA AND OTHER PULMONARY DISEASES AND CONDITIONS. ALTHOUGH REIMBURSEMENT FOR SERVICES IS CRITICAL TO THE OPERATION AND STABILITY OF MEMPHIS LUNG PHYSICIANS FOUNDATION, INC., IT IS RECOGNIZED THAT NOT ALL INDIVIDUALS POSSESS THE ABILITY TO PURCHASE HEALTH CARE SERVICES AND HEALTH CARE EDUCATION. THEREFORE, IN KEEPING WITH ITS COMMITMENT TO SERVE ALL MEMBERS OF ITS COMMUNITY, MEMPHIS LUNG PHYSICIANS FOUNDATION, INC. PROVIDES THE FOLLOWING: - FREE CARE AND/OR SUBSIDIZED CARE WHERE THE NEED AND/OR AN INDIVIDUAL'S INABILITY TO PAY COEXIST, - CARE PROVIDED TO PERSONS COVERED BY GOVERNMENTAL PROGRAMS AT BELOW COST, AND - HEALTH ACTIVITIES AND PROGRAMS TO SUPPORT THE COMMUNITY. MEMPHIS LUNG PHYSICIANS FOUNDATION, INC. HAS HAD A LONG HISTORY OF WORKING WITH BAPTIST MEMORIAL HEALTH CARE CORPORATION AND RELATED ENTITIES. MEMPHIS LUNG PHYSICIANS FOUNDATION, INC. HAS PLAYED A MAJOR ROLE IN DEVELOPING NATIONALLY RECOGNIZED INTENSIVE CARE SERVICES AT THE BAPTIST MEMORIAL HOSPITALS AND DEVELOPING SLEEP MEDICINE SERVICES THAT ARE OFFERED BY THE HOSPITALS. PHYSICIANS AT MEMPHIS LUNG PHYSICIANS FOUNDATION, INC. HAVE WORKED TO IMPROVE THE OUTCOMES OF PATIENTS IN THE BAPTIST MEMORIAL HOSPITALS' INTENSIVE CARE UNITS BY DECREASING HOSPITAL ACQUIRED INFECTIONS COMMON TO INTENSIVE CARE PATIENTS.

    Expenses $19,850,463 · Revenue $14,815,696

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Paul D Depriest MD

    DIRECTOR (THRU 08/23)

    Total calculated
    $1,495,416
    From this org
    $0
    From related orgs
    $1,407,602
    Other
    $87,814
    Hours/week
    0.04 + 39.96 related

    Schedule J breakdown matched by us

    Base
    $0 + $802,180 related
    Bonus
    $0 + $343,970 related
    Other
    $0 + $261,452 related
    Deferred
    $0 + $58,938 related
    Nontaxable benefits
    $0 + $28,876 related
    Filer's total
    $0 + $1,495,416 related

  • Gary C Anderson

    DIRECTOR (AS OF 09/23)

    Total calculated
    $1,146,758
    From this org
    $0
    From related orgs
    $1,062,887
    Other
    $83,871
    Hours/week
    0.04 + 39.96 related

    Schedule J breakdown matched by us

    Base
    $0 + $531,848 related
    Bonus
    $0 + $213,044 related
    Other
    $0 + $317,995 related
    Deferred
    $0 + $58,938 related
    Nontaxable benefits
    $0 + $24,933 related
    Filer's total
    $0 + $1,146,758 related

  • Mark E Swanson MD

    DIRECTOR

    Total calculated
    $1,022,465
    From this org
    $0
    From related orgs
    $1,000,668
    Other
    $21,797
    Hours/week
    0.04 + 39.96 related

    Schedule J breakdown matched by us

    Base
    $0 + $629,027 related
    Bonus
    $0 + $231,183 related
    Other
    $0 + $140,458 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $21,797 related
    Filer's total
    $0 + $1,022,465 related

  • Todd M Henderson MD

    PHYSICIAN/DIRECTOR

    Total calculated
    $862,351
    From this org
    $785,496
    From related orgs
    $0
    Other
    $76,855
    Hours/week
    39.77 + 0.23 related

    Schedule J breakdown matched by us

    Base
    $785,183
    Bonus
    $0
    Other
    $313
    Deferred
    $42,250
    Nontaxable benefits
    $34,605
    Filer's total
    $862,351

  • Kenneth A Okpor MD

    PHYSICIAN/DIRECTOR

    Total calculated
    $787,856
    From this org
    $694,429
    From related orgs
    $0
    Other
    $93,427
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $694,266
    Bonus
    $0
    Other
    $163
    Deferred
    $62,496
    Nontaxable benefits
    $30,931
    Filer's total
    $787,856

  • Muhammad Sheikh MD

    PHYSICIAN/DIRECTOR

    Total calculated
    $731,372
    From this org
    $679,972
    From related orgs
    $0
    Other
    $51,400
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $679,893
    Bonus
    $0
    Other
    $79
    Deferred
    $26,231
    Nontaxable benefits
    $25,169
    Filer's total
    $731,372

  • Jeffrey Wright MD

    PRESIDENT/DIRECTOR

    Total calculated
    $702,965
    From this org
    $622,870
    From related orgs
    $0
    Other
    $80,095
    Hours/week
    39.77 + 0.23 related

    Schedule J breakdown matched by us

    Base
    $622,587
    Bonus
    $0
    Other
    $283
    Deferred
    $42,250
    Nontaxable benefits
    $37,845
    Filer's total
    $702,965

  • Michael D Wilons MD

    VICE PRESIDENT/DIRECTOR

    Total calculated
    $325,556
    From this org
    $245,703
    From related orgs
    $0
    Other
    $79,853
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $245,060
    Bonus
    $0
    Other
    $643
    Deferred
    $69,061
    Nontaxable benefits
    $10,792
    Filer's total
    $325,556

  • Gregory M Duckett

    SECRETARY

    Total calculated
    $1,202,849
    From this org
    $0
    From related orgs
    $1,120,752
    Other
    $82,097
    Hours/week
    0.04 + 39.96 related

    Schedule J breakdown matched by us

    Base
    $0 + $487,324 related
    Bonus
    $0 + $191,182 related
    Other
    $0 + $442,246 related
    Deferred
    $0 + $48,172 related
    Nontaxable benefits
    $0 + $33,925 related
    Filer's total
    $0 + $1,202,849 related

  • Andrew D Jeter

    CFO

    Total calculated
    $235,214
    From this org
    $0
    From related orgs
    $193,723
    Other
    $41,491
    Hours/week
    0.5 + 39.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $171,119 related
    Bonus
    $0 + $21,896 related
    Other
    $0 + $708 related
    Deferred
    $0 + $18,836 related
    Nontaxable benefits
    $0 + $22,655 related
    Filer's total
    $0 + $235,214 related

  • Jacqueline Ryan

    CEO (AS OF 10/22)

    Total calculated
    $230,293
    From this org
    $0
    From related orgs
    $171,714
    Other
    $58,579
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $150,877 related
    Bonus
    $0 + $20,425 related
    Other
    $0 + $412 related
    Deferred
    $0 + $29,500 related
    Nontaxable benefits
    $0 + $29,079 related
    Filer's total
    $0 + $230,293 related

  • Istvan Wollak MD

    PHYSICIAN

    Total calculated
    $750,092
    From this org
    $665,722
    From related orgs
    $0
    Other
    $84,370
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $665,407
    Bonus
    $0
    Other
    $315
    Deferred
    $56,250
    Nontaxable benefits
    $28,120
    Filer's total
    $750,092

  • Anurag Mehrotra MD

    PHYSICIAN

    Total calculated
    $740,765
    From this org
    $714,292
    From related orgs
    $0
    Other
    $26,473
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $714,262
    Bonus
    $0
    Other
    $30
    Deferred
    $22,875
    Nontaxable benefits
    $3,598
    Filer's total
    $740,765

  • George Williams MD

    PHYSICIAN

    Total calculated
    $726,606
    From this org
    $689,753
    From related orgs
    $0
    Other
    $36,853
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $689,728
    Bonus
    $0
    Other
    $25
    Deferred
    $24,744
    Nontaxable benefits
    $12,109
    Filer's total
    $726,606

  • Obaid U Awan MD

    PHYSICIAN

    Total calculated
    $699,527
    From this org
    $658,361
    From related orgs
    $0
    Other
    $41,166
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $654,938
    Bonus
    $0
    Other
    $3,423
    Deferred
    $28,125
    Nontaxable benefits
    $13,041
    Filer's total
    $699,527

  • George M Hinnant MD

    PHYSICIAN

    Total calculated
    $687,288
    From this org
    $654,693
    From related orgs
    $0
    Other
    $32,595
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $643,853
    Bonus
    $0
    Other
    $10,840
    Deferred
    $16,247
    Nontaxable benefits
    $16,348
    Filer's total
    $687,288

  • Kimberly O Young

    FORMER CFO

    Total calculated
    $514,269
    From this org
    $0
    From related orgs
    $470,223
    Other
    $44,046
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $302,241 related
    Bonus
    $0 + $96,867 related
    Other
    $0 + $71,115 related
    Deferred
    $0 + $38,125 related
    Nontaxable benefits
    $0 + $5,921 related
    Filer's total
    $0 + $514,269 related

  • Jui Lock

    FORMER CEO

    Total calculated
    $140,611
    From this org
    $118,678
    From related orgs
    $0
    Other
    $21,933
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $111,666
    Bonus
    $0
    Other
    $7,012
    Deferred
    $21,869
    Nontaxable benefits
    $64
    Filer's total
    $140,611

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

  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 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
BAPTIST MEMORIAL HEALTH CARE CORPORATION, A RELATED ORGANIZATION OF MEMPHIS LUNG PHYSICIANS FOUNDATION, INC., USES THE FOLLOWING TO ESTABLISH THE COMPENSATION OF THE ORGANIZATION'S TOP MANAGEMENT OFFICIAL: - COMPENSATION COMMITTEE - INDEPENDENT COMPENSATION CONSULTANT - COMPENSATION SURVEY OR STUDY - APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE
PART I, LINE 4B
ELIGIBLE EXECUTIVES PARTICIPATE IN VARIOUS NON-QUALIFIED DEFERRED COMPENSATION PLANS ORGANIZED UNDER CODE SECTION 457(F). THE EXACT PURPOSE OF EACH PLAN VARIES BUT THEY INCLUDE: COMPENSATION LIMITATION MAKE-UP PLANS, VOLUNTARY DEFERRAL PLANS, DEFERRAL OF A PORTION OF INCENTIVE BONUS TYPE PLANS, ETC. ANY AMOUNT ULTIMATELY PAID UNDER THE PROGRAM TO THE EXECUTIVE IS REPORTED AS COMPENSATION ON FORM 990, SCHEDULE J, PART II, COLUMN B IN THE YEAR PAID. THE FOLLOWING INDIVIDUAL(S) LISTED ON PART VII RECEIVED SUPPLEMENTAL NON-QUALIFIED PLAN PAYMENTS DURING THE CALENDAR YEAR: GARY C. ANDERSON - $216,372 PAUL D. DEPRIEST, MD - $84,690 GREGORY M. DUCKETT - $344,125

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • BAPTIST - DESOTO SURGERY CENTER LP

    AMBULATORY SURGERY · MS · general or managing partner

  • BAPTIST - EMSC LP

    AMBULATORY SURGERY · TN · general or managing partner

  • BAPTIST - UT INSTITUTE FOR ACADEMIC EXCELLENCE LLC

    MEDICAL MANAGEMENT · TN · general or managing partner

  • BAPTIST-GERMANTOWN SURGERY CENTER LLC

    AMBULATORY SURGERY · TN · general or managing partner

  • BAPTIST MEMORIAL REHABILITATION HOSPITAL GP

    REHABILITATION SERVICES · TN · general or managing partner

  • BAPTIST MEMORIAL REHABILITATION HOSPITAL - MADISON LLC

    REHABILITATION SERVICES · MS · general or managing partner

  • BMH NORTH MISSISSIPPI IMAGING SERVICES LLC

    DIAGNOSTIC SERVICES · MS

  • BAPTIST AND PHYSICIANS' OUTPATIENT SURGERY CENTER OF N MISSISSIPPI LP

    AMBULATORY SURGERY · MS

  • BAPTIST STERN CARDIOVASCULAR CO-MANAGEMENT LLC

    MEDICAL MANAGEMENT · TN · general or managing partner

  • BMHSIAEL MICROBIOLOGY LABORATORY GP

    LABORATORY SERVICES · TX · general or managing partner

  • BRAIN AND SPINE NETWORK BAPTIST SEMMES-MURPHEY LLC

    MEDICAL MANAGEMENT · TN · general or managing partner

  • DOWNTOWN FITNESS LLC

    FITNESS CENTER · MS

  • EAST MEMPHIS UROLOGY CENTER LP

    AMBULATORY UROLOGICAL SERVICES · TN · general or managing partner

  • MADISON HEALTHPLEX PERFORMANCE TRAINING CENTER LLC

    FITNESS CENTER · MS · general or managing partner

  • MAIN STREET FAMILY MEDICAL LLC

    MEDICAL SERVICES · MS · general or managing partner

  • MAYS & SCHNAPP PAIN CLINIC

    PAIN MANAGEMENT SERVICES · TN · general or managing partner

  • MEDICAL ALTERNATIVES

    PROVIDE HOME INFUSION PRODUCTS AND SERVICES TO PATIENTS · TN · general or managing partner

  • MID-SOUTH IMAGING CENTER LLC

    DIAGNOSTIC SERVICES · MS · general or managing partner

  • WEST TENNESSEE IMAGING LLC

    MEDICAL SERVICES · TN

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • BAPTIST HEALTH SERVICES GROUP OF THE MID-SOUTH INC

    C · HEALTH INSURANCE CONTRACTING · TN · controlled entity

  • GERMANTOWN BUSINESS PARK OWNERS ASSOCIATION

    C · BOOKKEEPING & DATA PROCESSING GERMANTOWN BUS. PARK · TN · controlled entity

  • HEALTH TECH AFFILIATES INC

    C · BUYING & LEASING REAL & PERSONAL PROPERTY · TN · controlled entity

  • MISSISSIPPI BAPTIST MEDICAL ENTERPRISES INC AND SUBS

    C · INVESTMENTS · MS · controlled entity

  • SOUTHCREST PROPERTY OWNERS ASSOCIATION INC

    C · BOOKKEEPING & DATA PROCESSING FOR THE SOUTHCREST DEVELOPMENT · MS · controlled entity

Provenance

Return type
form_990
Tax year
2022
Filed
13 August 2024
IRS schema version
2022v5.0
Source object
202422279349303772

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