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Nonprofiteer
← GASTROINTESTINAL SPECIALISTS FOUNDATION INC

Form 990 for tax year 2024

Filed by GASTROINTESTINAL SPECIALISTS FOUNDATION INC.

Totals

Total revenue
$10,561,636
Total expenses
$16,529,566
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$10,561,636
Investment income
$0
Other revenue
$0
Total assets, end of year
$5,200,984
Total liabilities, end of year
$38,215,276
Net assets or fund balances, end of year
-$33,014,292
Program services expenses (Part IX)
$14,856,607
Management and general expenses
$1,672,959
Fundraising expenses
$0
Program service expenses (Part III)
$14,856,607

Program services were 89.9% 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 $10,561,636 · related or exempt $10,561,636

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $4,641,682 · program services $4,177,514 · management and general $464,168

  • 7 · Other salaries and wages

    total $8,134,599 · program services $7,321,139 · management and general $813,460

  • 8 · Pension plan contributions

    total $200,792 · program services $180,713 · management and general $20,079

  • 9 · Other employee benefits

    total $641,506 · program services $577,355 · management and general $64,151

  • 10 · Payroll taxes

    total $466,831 · program services $420,148 · management and general $46,683

  • 11g · Fees: other

    total $855,002 · program services $769,502 · management and general $85,500

  • 12 · Advertising and promotion

    total $2,400 · program services $2,160 · management and general $240

  • 13 · Office expenses

    total $127,286 · program services $114,557 · management and general $12,729

  • 16 · Occupancy

    total $486,862 · program services $438,176 · management and general $48,686

  • 17 · Travel

    total $5,205 · program services $2,082 · management and general $3,123

  • 19 · Conferences, conventions and meetings

    total $21,838 · program services $8,735 · management and general $13,103

  • 22 · Depreciation, depletion and amortization

    total $99,749 · program services $89,774 · management and general $9,975

  • 23 · Insurance

    total $67,493 · program services $60,744 · management and general $6,749

  • 24a · Other expenses: CORPORATE MGMT FEE

    total $524,988 · program services $472,489 · management and general $52,499

  • 24b · Other expenses: REPAIRS AND MAINTENANCE

    total $142,109 · program services $127,898 · management and general $14,211

  • 24c · Other expenses: MEDICAL SUPPLIES

    total $70,195 · program services $70,195 · management and general $0

  • 24d · Other expenses: DUES AND SUBSCRIPTIONS

    total $22,027 · program services $8,811 · management and general $13,216

  • 24e · All other expenses

    total $19,002 · program services $14,615 · management and general $4,387

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $345 · end of year $345

  • 4 · Accounts receivable

    beginning of year $955,188 · end of year $1,424,844

  • 7 · Other notes and loans receivable

    beginning of year $83,689 · end of year $120,414

  • 9 · Prepaid expenses and deferred charges

    beginning of year $42,829 · end of year $36,233

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

    $1,279,692

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

    $1,089,724

  • 10c · Land, buildings and equipment, net

    beginning of year $289,718 · end of year $189,968

  • 15 · Other assets

    beginning of year $803,936 · end of year $3,429,180

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,848,416 · end of year $1,076,588

  • 25 · Other liabilities

    beginning of year $27,373,651 · end of year $37,138,688

  • 27 · Net assets without donor restrictions

    beginning of year -$27,046,362 · end of year -$33,014,292

Mission and programs · 2024

Mission

GASTROINTESTINAL SPECIALISTS FOUNDATION, INC. IS A COMPREHENSIVE GASTROINTESTINAL MEDICAL PRACTICE AND OUR MISSION IS TO PROVIDE EXCEPTIONAL, UNPARALLELED QUALITY CARE.

  • Withheld by Nonprofiteer: this text may name a private individual.

    Expenses $14,856,607 · Revenue $10,561,636

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here. A text marked withheld matched a screen for wording that may name a private individual, such as an honorific or "in memory of". Most of what it withholds names no one; it is withheld so that what does is never shown.

Listed in Part VII

  • Gary C Anderson

    DIRECTOR

    Total calculated
    $1,759,886
    From this org
    $0
    From related orgs
    $1,674,623
    Other
    $85,263
    Hours/week
    0.04 + 39.96 related

    Schedule J breakdown matched by us

    Base
    $0 + $714,853 related
    Bonus
    $0 + $708,499 related
    Other
    $0 + $251,271 related
    Deferred
    $0 + $68,170 related
    Nontaxable benefits
    $0 + $17,093 related
    Filer's total
    $0 + $1,759,886 related

  • Kenneth Fields MD

    VICE PRESIDENT/DIRECTOR/PHYSICIAN

    Total calculated
    $1,693,359
    From this org
    $1,590,762
    From related orgs
    $0
    Other
    $102,597
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $1,546,074
    Bonus
    $44,265
    Other
    $423
    Deferred
    $70,750
    Nontaxable benefits
    $31,847
    Filer's total
    $1,693,359

  • Paul S Bierman MD

    PRESIDENT/DIRECTOR/PHYSICIAN

    Total calculated
    $1,289,536
    From this org
    $1,191,229
    From related orgs
    $0
    Other
    $98,307
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $1,151,280
    Bonus
    $39,543
    Other
    $406
    Deferred
    $70,750
    Nontaxable benefits
    $27,557
    Filer's total
    $1,289,536

  • Edward S Friedman MD

    PHYSICIAN/DIRECTOR

    Total calculated
    $1,116,587
    From this org
    $1,018,019
    From related orgs
    $0
    Other
    $98,568
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $973,760
    Bonus
    $43,851
    Other
    $408
    Deferred
    $70,750
    Nontaxable benefits
    $27,818
    Filer's total
    $1,116,587

  • Justin Rhodes

    DIRECTOR

    Total calculated
    $621,092
    From this org
    $0
    From related orgs
    $534,587
    Other
    $86,505
    Hours/week
    0.04 + 39.96 related

    Schedule J breakdown matched by us

    Base
    $0 + $308,896 related
    Bonus
    $0 + $94,310 related
    Other
    $0 + $131,381 related
    Deferred
    $0 + $62,439 related
    Nontaxable benefits
    $0 + $24,066 related
    Filer's total
    $0 + $621,092 related

  • Gregory M Duckett

    SECRETARY

    Total calculated
    $1,760,131
    From this org
    $0
    From related orgs
    $1,667,844
    Other
    $92,287
    Hours/week
    0.04 + 39.96 related

    Schedule J breakdown matched by us

    Base
    $0 + $518,957 related
    Bonus
    $0 + $500,750 related
    Other
    $0 + $648,137 related
    Deferred
    $0 + $52,833 related
    Nontaxable benefits
    $0 + $39,454 related
    Filer's total
    $0 + $1,760,131 related

  • William F Thompson

    CFO (AS OF 06/25)

    Total calculated
    $475,728
    From this org
    $0
    From related orgs
    $412,511
    Other
    $63,217
    Hours/week
    0.5 + 39.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $275,649 related
    Bonus
    $0 + $35,183 related
    Other
    $0 + $101,679 related
    Deferred
    $0 + $40,352 related
    Nontaxable benefits
    $0 + $22,865 related
    Filer's total
    $0 + $475,728 related

  • Andrew D Jeter

    CFO (THRU 01/25)

    Total calculated
    $242,698
    From this org
    $0
    From related orgs
    $199,215
    Other
    $43,483
    Hours/week
    0.5 + 39.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $180,716 related
    Bonus
    $0 + $18,341 related
    Other
    $0 + $158 related
    Deferred
    $0 + $19,913 related
    Nontaxable benefits
    $0 + $23,570 related
    Filer's total
    $0 + $242,698 related

  • Gaurav Kistangari MD

    PHYSICIAN

    Total calculated
    $1,239,412
    From this org
    $1,183,291
    From related orgs
    $0
    Other
    $56,121
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $1,166,487
    Bonus
    $16,721
    Other
    $83
    Deferred
    $54,625
    Nontaxable benefits
    $1,496
    Filer's total
    $1,239,412

  • Abdullah Al-Rashdan MD

    PHYSICIAN

    Total calculated
    $1,184,422
    From this org
    $1,090,759
    From related orgs
    $0
    Other
    $93,663
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $1,070,773
    Bonus
    $0
    Other
    $19,986
    Deferred
    $61,514
    Nontaxable benefits
    $32,149
    Filer's total
    $1,184,422

  • Randelon Smith MD

    PHYSICIAN

    Total calculated
    $1,179,840
    From this org
    $1,077,638
    From related orgs
    $0
    Other
    $102,202
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $1,031,206
    Bonus
    $46,274
    Other
    $158
    Deferred
    $70,750
    Nontaxable benefits
    $31,452
    Filer's total
    $1,179,840

  • Joseph Feltman

    CRNA

    Total calculated
    $277,496
    From this org
    $219,335
    From related orgs
    $0
    Other
    $58,161
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $219,252
    Bonus
    $0
    Other
    $83
    Deferred
    $33,477
    Nontaxable benefits
    $24,684
    Filer's total
    $277,496

  • Walter H Stuart IV

    CRNA

    Total calculated
    $247,515
    From this org
    $238,533
    From related orgs
    $0
    Other
    $8,982
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $238,450
    Bonus
    $0
    Other
    $83
    Deferred
    $0
    Nontaxable benefits
    $8,982
    Filer's total
    $247,515

  • Mark E Swanson MD

    FORMER CEO

    Total calculated
    $1,317,610
    From this org
    $0
    From related orgs
    $1,297,719
    Other
    $19,891
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0 + $505,774 related
    Bonus
    $0 + $600,933 related
    Other
    $0 + $191,012 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $19,891 related
    Filer's total
    $0 + $1,317,610 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

  • 4b · Supplemental nonqualified retirement plan
  • 7 · Other non-fixed payments

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
  • 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 GASTROINTESTINAL SPECIALISTS 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: GREGORY M. DUCKETT - $490,265 GARY C. ANDERSON - $99,462 JUSTIN RHODES - $65,986 ADDITIONALLY, MISSISSIPPI BAPTIST HEALTH SYSTEMS, INC. ESTABLISHED A SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN, A NON-QUALIFIED, UNFUNDED DEFERRED COMPENSATION PLAN EFFECTIVE JULY 1, 2010, FOR THE BENEFIT OF CERTAIN MANAGEMENT OR HIGHLY COMPENSATED EMPLOYEES OF THE SYSTEM. THE PURPOSE OF THE PLAN IS TO ENHANCE THE ABILITY OF THE SYSTEM TO ATTRACT AND RETAIN QUALIFIED MANAGEMENT PERSONNEL WITH A MARKET-COMPETITIVE SUPPLEMENTAL RETIREMENT BENEFIT ON A TAX-DEFERRED BASIS. THE FOLLOWING INDIVIDUAL(S) LISTED ON PART VII RECEIVED SUPPLEMENTAL NON-QUALIFIED PLAN PAYMENTS DURING THE CALENDAR YEAR: WILLIAM F. THOMPSON - $91,759
PART I, LINE 7
THE BAPTIST MEMORIAL HEALTH CARE SYSTEM HAS ESTABLISHED A MANAGEMENT ACCOUNTABILITY AND FINANCIAL INCENTIVE PLAN THAT ENCOURAGES MANAGEMENT PARTICIPATION IN THE SIGNIFICANT IMPROVEMENTS OF THE QUALITY, FINANCIAL, GROWTH, AND HUMAN RESOURCE RELATED OPERATIONS OF THE ORGANIZATION. AN INCENTIVE BONUS MAY BE PAID TO APPROVED MEMBERS OF MANAGEMENT BASED ON ATTAINMENT OF GOALS IN THE AREAS OF 1) PATIENT SATISFACTION; 2) EMPLOYEE SATISFACTION; 3) PHYSICIAN SATISFACTION; 4) QUALITY AND SAFETY; 5) OPERATIONAL PERFORMANCE METRICS; AND 6) OPERATING INCOME MARGIN. PARTICIPANTS RECEIVE POINTS UNDER A PLAN SCORING SYSTEM FOR MEETING THEIR PREDETERMINED GOALS. THE POINTS ARE THEN ENTERED INTO THE PLAN FORMULA TO DETERMINE THE INCENTIVE COMPENSATION.

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 · general or managing partner

  • 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

  • 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

    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
2024
Filed
13 August 2026
IRS schema version
2024v5.5
Source object
202632269349300208

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