Skip to content
Nonprofiteer
← MUSIC CITY PREP CLINIC

Form 990 for tax year 2024

Filed by MUSIC CITY PREP CLINIC.

Totals

Total revenue
$79,866,335
Total expenses
$76,445,196
Contributions and grants received
$24,365
Grants paid
$463,074
Program service revenue
$79,416,412
Investment income
$217,628
Other revenue
$207,930
Total assets, end of year
$34,016,157
Total liabilities, end of year
$12,560,124
Net assets or fund balances, end of year
$21,456,033
Program services expenses (Part IX)
$74,491,163
Management and general expenses
$1,954,033
Fundraising expenses
$0
Program service expenses (Part III)
$74,491,163

Program services were 97.4% 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.

  • 1f · All other contributions, gifts and grants

    $24,365

  • 2a · Program service revenue: INSURANCE REVENUE

    total $79,254,687 · related or exempt $79,254,687

  • 2b · Program service revenue: MANAGEMENT FEE REVENUE

    total $161,725 · related or exempt $161,725

  • 3 · Investment income

    total $217,628 · excluded $217,628

  • 6a · Gross rents

    real property $177,742

  • 6c · Rental income or loss

    real property $177,742

  • 6d · Net rental income or loss

    total $177,742 · unrelated business $177,742

  • 11a · Other revenue: INSURANCE REIMBURSEMENT

    total $12,061 · related or exempt $12,061

  • 11b · Other revenue: CREDIT CARD REBATES

    total $10,219 · excluded $10,219

  • 11c · Other revenue: REIMBURSEMENT

    total $7,908 · excluded $7,908

  • 11e · Other revenue, total

    $30,188

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $433,250 · program services $433,250

  • 2 · Grants to domestic individuals

    total $29,824 · program services $29,824

  • 7 · Other salaries and wages

    total $219,698 · program services $155,983 · management and general $63,715

  • 9 · Other employee benefits

    total $15,948 · program services $14,212 · management and general $1,736

  • 10 · Payroll taxes

    total $63,731 · program services $44,612 · management and general $19,119

  • 11a · Fees: management

    total $1,609,621 · program services $1,609,621

  • 11b · Fees: legal

    total $599,349 · program services $599,349

  • 11c · Fees: accounting

    total $30,526 · program services $30,526

  • 11g · Fees: other

    total $12,776,411 · program services $12,236,796 · management and general $539,615

  • 12 · Advertising and promotion

    total $3,374,895 · program services $2,738,822 · management and general $636,073

  • 13 · Office expenses

    total $465,522 · program services $310,597 · management and general $154,925

  • 14 · Information technology

    total $675,281 · program services $474,599 · management and general $200,682

  • 16 · Occupancy

    total $976,046 · program services $767,535 · management and general $208,511

  • 17 · Travel

    total $158,275 · program services $128,339 · management and general $29,936

  • 22 · Depreciation, depletion and amortization

    total $550,165 · program services $502,221 · management and general $47,944

  • 23 · Insurance

    total $1,187,952 · program services $1,186,596 · management and general $1,356

  • 24a · Other expenses: DISPENSED MEDICATION

    total $40,605,337 · program services $40,605,337

  • 24b · Other expenses: PHARMACY CONTRACT FEES

    total $10,960,793 · program services $10,960,793

  • 24c · Other expenses: PUBLIC EDUCATION

    total $1,115,392 · program services $1,065,138 · management and general $50,254

  • 24d · Other expenses: LABORATORY EXPENSES

    total $589,952 · program services $589,952

  • 24e · All other expenses

    total $7,228 · program services $7,061 · management and general $167

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,051,040 · end of year $1,879,399

  • 2 · Savings and temporary cash investments

    beginning of year $5,082,867 · end of year $5,020,297

  • 4 · Accounts receivable

    beginning of year $5,441,102 · end of year $7,697,194

  • 7 · Other notes and loans receivable

    end of year $300,000

  • 8 · Inventories for sale or use

    beginning of year $3,128 · end of year $4,629

  • 9 · Prepaid expenses and deferred charges

    beginning of year $111,987 · end of year $285,481

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

    $17,270,115

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

    $1,653,402

  • 10c · Land, buildings and equipment, net

    beginning of year $13,517,302 · end of year $15,616,713

  • 11 · Investments: publicly traded securities

    beginning of year $163,053 · end of year $178,710

  • 12 · Investments: other securities

    end of year $3,022,644

  • 15 · Other assets

    beginning of year $6,130 · end of year $11,090

  • 17 · Accounts payable and accrued expenses

    beginning of year $4,472,514 · end of year $5,977,868

  • 19 · Deferred revenue

    beginning of year $27,500

  • 23 · Secured mortgages and notes payable

    beginning of year $4,880,366 · end of year $6,582,256

  • 25 · Other liabilities

    beginning of year $9,337

  • 27 · Net assets without donor restrictions

    beginning of year $17,986,892 · end of year $21,456,033

Mission and programs · 2024

Mission

TO EMPOWER TENNESSEANS AND KENTUCKIANS TO LIVE AN HIV-FREE LIFE THROUGH PREP MEDICATION, EDUCATION, ANTI-STIGMA CAMPAIGNS, AND SUPPORT.

  • EMPOWERING TENNESSEANS AND KENTUCKIANS TO LIVE HIV-FREE BY PROVIDING DISCRETE, NO-COST HIV & STD/STI TESTING AND TREATMENT. PRESCRIPTIONS FOR PREP MEDICATION ARE PROVIDED TO PATIENTS WHO ARE INSURED, UNDERINSURED OR UNINSURED. WITH 135 STAFF MEMBERS AND 97 VOLUNTEERS SERVING APPROXIMATELY 7,000 PATIENTS, OVER 43,000 PRESCRIPTIONS WERE PROVIDED DURING THE 2024- 2025 FISCAL YEAR. AS PART OF THIS PROGRAM, MCPC PROVIDES BENEVOLENT ASSISTANCE TO LOW-INCOME INDIVIDUALS TO COVER THE COSTS OF THE MEDICATION AS WELL AS THE REQUIRED LAB WORK. PRIMARY FUNDING COMES FROM INSURANCE PROCEEDS.

    Expenses $74,491,163 · Grants $463,074 · Revenue $79,424,320

  • GRANTS ARE AWARDED BASED ON THE ORGANIZATION'S ALIGNMENT WITH THE MISSION OF MCPC, DECIDED UPON BY THE MCPC BOARD OF DIRECTORS. FOR THE 2024-2025 FISCAL YEAR WE HAVE GIVEN GRANTS TO OTHER NON-PROFIT ORGANIZATIONS IN THE AMOUNT OF 433,250 AND TO INDIVIDUALS IN THE AMOUNT OF 29,824. WE BUDGETED 1,700,000 FOR GRANTS TO NON-PROFIT ORGANIZATIONS FOR THE 2025- 2026 FISCAL YEAR.

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Richard C MacKinnon

    PRESIDENT

    Total calculated
    $232,881
    From this org
    $219,699
    From related orgs
    $0
    Other
    $13,182
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $213,077
    Bonus
    $6,622
    Other
    not reported
    Deferred
    $13,182
    Nontaxable benefits
    not reported
    Filer's total
    $232,881

  • Steve B Golab

    PRESIDENT (I

    Total calculated
    $0
    Hours/week
    36

  • Kevin W Teets Jr

    DIRECTOR AT

    Total calculated
    $0
    Hours/week
    1

  • Edward Kleine

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Alan Stevenson

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Phil Suiter

    DIRECTOR AT

    Total calculated
    $0
    Hours/week
    1

  • Joseph G Taylor

    VICE PRESIDE

    Total calculated
    $0
    Hours/week
    1

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

  • 3 · Approval by the board or compensation committee

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

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

Provenance

Return type
form_990
Tax year
2024
Filed
9 January 2025
IRS schema version
2024v5.0
Source object
202620139349302097

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

The source document this was parsed from is served over the API, which is where bulk and document access live.