Nonprofit · EIN 54-1581185
MCV ASSOCIATED PHYSICIANS
Tax-exempt · RICHMOND, VA 23219
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2023 | 990 | $632,316,187 | $731,700,018 | -$99,383,831 | $1,741,033,119 | $1,900,743,534 | -$159,710,415 |
Financial details: 990 for the year ended June 30, 2023
Revenue
- Contributions, gifts and grants
- $46,830,155
- Program service revenue
- $585,483,106
- Investment income
- $2,759
- Net gain from sales of assets
- -$666,411
- Other revenue
- $167
Expenses
- Grants and similar amounts paid
- $16,939,121
- Compensation of officers, directors and key employees
- $7,226,066
- Other salaries and wages
- $430,786,484
- Salaries, compensation and benefits (total)
- $529,038,859
- Professional fundraising fees
- $0
- Legal fees
- $31,918
- Accounting fees
- $2,400
- Occupancy
- $3,745,703
- Travel
- $1,765,484
- Depreciation
- $4,077,164
- Program services (functional)
- $704,384,097
- Management and general (functional)
- $27,315,921
Balance sheet and other
- Total assets, start of year
- $913,688,645
- Total assets, end of year
- $1,741,033,119
- Total liabilities, end of year
- $1,900,743,534
- Net assets, end of year
- -$159,710,415
- Land, buildings and equipment
- $12,570,898
- Net assets without donor restrictions
- -$159,710,415
- Gross receipts
- $632,982,598
- Employees
- 3,230
- Volunteers
- 0
- Year formed
- 1991
- State of legal domicile
- VA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2023, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| VIGNESHWAR KASIRAJAN MD | DEPT. CHAIR Key employee | 43 | $811,433 | $312,669 | $105,160 |
| MICHAEL FELMAN MD | Plastic Surgeon Highest-paid employee | 60 | $1,097,249 | $51,483 | $46,621 |
| BRIAN CAMERON MD | NEUROSURGEON Highest-paid employee | 47 | $1,000,168 | $39,991 | $62,558 |
| MACK DRAKE MD | General Surgeon Highest-paid employee | 40 | $1,019,721 | $15,715 | $65,493 |
| KENNETH ELLENBOGEN MD | Cardiologist Highest-paid employee | 65 | $931,667 | $78,719 | $66,160 |
| ROBERT GRAHAM MD | NEUROSURGEON Highest-paid employee | 57 | $911,802 | $49,433 | $73,274 |
| ANN FULCHER MD | DIRECTOR Trustee or director | 55 | $770,850 | $107,492 | $65,493 |
| DAVID CHELMOW MD | DIRECTOR Trustee or director | 45 | $568,693 | $180,449 | $75,126 |
| RALPH CLARK MD | PRESIDENT/CHAIR (JUN) Trustee or director, Officer | 64 | $608,923 | $51,450 | $65,522 |
| HARINDER DHINDSA MD | DIRECTOR Trustee or director | 40 | $518,625 | $101,743 | $78,661 |
| STEPHEN KATES MD | DIRECTOR Trustee or director | 30 | $93,791 | $423,625 | $79,841 |
| AMELIA GROVER MD | DIRECTOR (JUNE) Trustee or director | 39 | $278,567 | $173,559 | $85,222 |
| DARRELL GRIFFITH | TREAS / SEC /COO Trustee or director, Officer | 60 | $482,846 | $0 | $40,291 |
| RAMANA FEESER MD | DIRECTOR Trustee or director | 55 | $374,532 | $40,671 | $69,611 |
| EVAN REITER MD | DIRECTOR Trustee or director | 40 | $409,768 | $0 | $41,150 |
2 more people on this return
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| MARIEKA HELOU MD | DIRECTOR Trustee or director | 39.5 | $186,580 | $61,232 | $49,012 |
| CLARK CLEVENGER MD | DIRECTOR Trustee or director | 36 | $220,783 | $0 | $26,864 |
Address and contacts
- Address (IRS master file)
- 830 E MAIN ST STE 2400, RICHMOND, VA 23219-2703
- Principal officer (990 for 2022)
- DARRELL GRIFFITH, BOX 980152, RICHMOND, VA 23298
- Signed the 990
- DARRELL GRIFFITH, COO TREASURER
- Phone
- (804) 827-8400
- Return prepared by
- ERNST & YOUNG US LLP
Mission
THE MISSION OF THE ORGANIZATION IS TO PROVIDE PHYSICIANS AND OTHER HEALTHCARE PROFESSIONALS TO SUPPORT THE NEEDS OF THE COMMUNITY, AS WELL AS THE ACADEMIC MISSION OF THE VCU SCHOOL OF MEDICINE.
Program accomplishments
- MCV ASSOCIATED PHYSICIANS D/B/A MCV PHYSICIANS (MCVP) IS ORGANIZED AND OPERATED EXCLUSIVELY FOR THE BENEFIT OF VIRGINIA COMMONWEALTH UNIVERSITY (VCU), A TAX-EXEMPT ORGANIZATION AS DESCRIBED UNDER INTERNAL REVENUE CODE (IRC) SECTION 170(C)(1). ON JULY 1, 2000, MCVP BECAME PART OF THE VCU HEALTH SYSTEM ALONG WITH THE MCV HOSPITAL AUTHORITY. MCVP SERVES AS THE ONLY BURN CENTER AND FULL RANGE CANCER CENTER IN THE AREA. IN SUPPORT OF THE MEDICAL SCHOOL, MCVP PROVIDES ESSENTIAL SERVICES TO AND WORKS CLOSELY WITH THE VCU HEALTH SYSTEM - MCV HOSPITAL; A DIVISION OF MCV/VCU AND AFFILIATED AMBULATORY CARE CENTERS.Expenses $704,384,097 · grants $16,939,121 · revenue $585,483,106
What it must file and when
IRS records say it files Not required (state instrumentality). Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | Not on file |
| 2023 | June 30, 2024 | November 15, 2024 | Not on file |
IRS record
- EIN
- 54-1581185
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2024
- Accounting year ends
- June
- Files
- Not required (state instrumentality)
- Category (NTEE)
- Health care (E30)
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-T | June 2025 | – | – | – | IRS |
| 990-T | June 2024 | – | – | – | IRS |
| 990 | June 2023 | $632,316,187 | $731,700,018 | $1,741,033,119 | XML |
| 990-T | June 2023 | – | – | – | IRS |
| 990 | June 2022 | $572,404,350 | $696,730,850 | $913,688,645 | IRS |
| 990-T | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990-T | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 54-1581185).
Questions about MCV ASSOCIATED PHYSICIANS
- What is the EIN of MCV ASSOCIATED PHYSICIANS?
- The employer identification number (EIN) of MCV ASSOCIATED PHYSICIANS is 54-1581185.
- Is MCV ASSOCIATED PHYSICIANS tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2024.
- Are donations to MCV ASSOCIATED PHYSICIANS tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does MCV ASSOCIATED PHYSICIANS file?
- Form Not required (state instrumentality).
- When is the next return of MCV ASSOCIATED PHYSICIANS due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MCV ASSOCIATED PHYSICIANS last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2023.
- Who is the principal officer of MCV ASSOCIATED PHYSICIANS?
- The 990 for the year ended June 30, 2023 names DARRELL GRIFFITH.
- Who are the officers and directors of MCV ASSOCIATED PHYSICIANS?
- The 990 for the year ended June 30, 2023 lists 17 people; 17 received compensation from the organization, the highest $811,433 (VIGNESHWAR KASIRAJAN MD, DEPT. CHAIR).
- How much revenue does MCV ASSOCIATED PHYSICIANS have?
- On its 990 for the year ended June 30, 2023 it reported revenue of $632,316,187, expenses of $731,700,018 and total assets of $1,741,033,119 at year end.
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