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Nonprofit · EIN 64-0834532

MEDICAL FOUNDATION INC NON PROFIT ORGANIZATION

Tax-exempt · MERIDIAN, MS 39302

Financials

$33.2M$52.7M2022$41.4M$59.3M2023$43.1M$60.3M2024
Revenue Expenses · by fiscal year end
Financials of MEDICAL FOUNDATION INC NON PROFIT ORGANIZATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$43,065,859$60,307,172-$17,241,313$10,244,791$65,621,791-$55,377,000
December 31, 2023990$41,409,964$59,309,331-$17,899,367$6,962,928$45,098,615-$38,135,687
December 31, 2022990$33,212,172$52,682,965-$19,470,793$1,447,906$21,684,226-$20,236,320
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$43,042,362
Investment income
$0
Other revenue
$23,497

Expenses

Grants and similar amounts paid
$0
Other salaries and wages
$37,192,344
Salaries, compensation and benefits (total)
$41,164,037
Professional fundraising fees
$0
Legal fees
$17,460
Occupancy
$1,468,123
Travel
$37,661
Depreciation
$154,442
Program services (functional)
$51,268,545
Management and general (functional)
$9,038,627

Balance sheet and other

Total assets, start of year
$6,962,928
Total assets, end of year
$10,244,791
Total liabilities, end of year
$65,621,791
Net assets, end of year
-$55,377,000
Land, buildings and equipment
$227,466
Net assets without donor restrictions
-$55,377,000
Gross unrelated business income
$948,175
Gross receipts
$43,065,859
Employees
0
Volunteers
0
Year formed
1993
State of legal domicile
MS

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 December 31, 2024, highest compensation first.

NameTitleHours / weekCompensationFrom related orgsOther / benefits
LANE RUSH MDFORMER HIGHEST COMP - PHYSICIAN
Former
0$0$1,246,610$32,251
BYRON TUCKERMDFORMER HIGHEST COMP - PHYSICIAN
Former
0$0$1,226,639$38,030
EDWARD SMITH MDFORMER HIGHEST COMP - PHYSICIAN
Former
0$0$1,080,253$31,823
URELAINE SIMON-HART MDFORMER HIGHEST COMP - PHYSICIAN
Former
0$0$877,644$23,103
LESLIE B GRAY MDFORMER HIGHEST COMP - PHYSICIAN
Former
0$0$786,035$32,951
D LARKIN KENNEDYOFFICER
Trustee or director, Officer
1$0$654,938$59,495
FREDERICK DUGGAN MDFORMER OFFICER
Former
0$0$438,009$32,089
J ALLEN TYRAOFFICER
Trustee or director, Officer
1$0$368,777$27,669
DAVID BUTLEROFFICER
Trustee or director, Officer
1$0$346,712$20,860
P LANCE BRENTBOARD MEMBER
Trustee or director
1$0$183,543$28,191
990 for the year ended December 31, 2023: 10 people
NameTitleHours / weekCompensationFrom related orgsOther / benefits
BYRON TUCKERMDFORMER HIGHEST COMP - PHYSICIAN
Former
0$0$1,259,429$33,529
EDWARD SMITH MDFORMER HIGHEST COMP - PHYSICIAN
Former
0$0$1,166,196$24,121
LANE RUSH MDFORMER HIGHEST COMP - PHYSICIAN
Former
0$0$1,113,911$27,545
URELAINE SIMON-HART MDFORMER HIGHEST COMP - PHYSICIAN
Former
0$0$909,952$24,189
LESLIE B GRAY MDFORMER HIGHEST COMP - PHYSICIAN
Former
0$0$872,228$25,849
FREDERICK DUGGAN MDFORMER OFFICER
Former
0$0$812,720$27,383
D LARKIN KENNEDYCEO - OCHSNER RUSH HEALTH
Trustee or director, Officer
1$0$615,803$54,090
J ALLEN TYRACEO - OCHSNER RUSH MEDICAL CENTER
Trustee or director, Officer
1$0$350,552$23,546
DAVID BUTLERCFO - OCHSNER RUSH HEALTH
Trustee or director, Officer
1$0$330,322$21,709
P LANCE BRENTBOARD MEMBER
Trustee or director
1$0$172,763$19,570
990 for the year ended December 31, 2022: 18 people
NameTitleHours / weekCompensationFrom related orgsOther / benefits
LANE RUSH MDPHYSICIAN
Highest-paid employee
49$641,921$394,108$37,891
BYRON TUCKERMDPHYSICIAN
Highest-paid employee
49$639,092$371,994$47,250
EDWARD SMITH MDPHYSICIAN
Highest-paid employee
49$629,708$361,535$36,729
URELAINE SIMON-HART MDPHYSICIAN
Highest-paid employee
49$628,101$317,418$42,239
LESLIE B GRAY MDPHYSICIAN
Highest-paid employee
49$566,574$333,488$41,304
FREDERICK DUGGAN MDPHYSICIAN
Officer
1$393,960$257,655$43,249
D LARKIN KENNEDYCEO - OCHSNER RUSH HEALTH
Officer
1$0$500,466$22,600
J ALLEN TYRACEO - OCHSNER RUSH MEDICAL CENTER
Officer
1$0$294,437$20,873
DARRELL WILDMANTREASURER
Officer
1$0$254,032$51,378
DAVID BUTLERCFO - OCHSNER RUSH HEALTH
Officer
1$0$280,801$17,464
P LANCE BRENTDIRECTOR - CLINIC OPERATIONS
Officer
1$0$156,091$32,097
J RICHARD BARRYSECRETARY
Officer
1$0$9,000$10,489
CHARLES ALDERMANBOARD MEMBER
Trustee or director
1$0$0$0
JUDY DOORENBOSBOARD MEMBER
Trustee or director
1$0$0$0
CATHY ROBINSONBOARD MEMBER
Trustee or director
1$0$0$0
DONNIE SMITHBOARD MEMBER
Trustee or director
1$0$0$0
DAVID MALLOY MDBOARD MEMBER
Trustee or director
1$0$0$0
WALT WILLISBOARD MEMBER
Trustee or director
1$0$0$0

Address and contacts

Address (IRS master file)
PO BOX 5183, MERIDIAN, MS 39302-5183
In care of
% DARRELL WILDMAN
Principal officer (990 for 2024)
D LARKIN KENNEDY, PO BOX 5183, MERIDIAN, MS 393025183
Signed the 990
JIM MOLLOY, OCF EVP, CFO, TREASURER
Phone
(601) 703-9992
Return prepared by
CRI ADVISORS LLC

Mission

PROVIDE HEALTH CARE SERVICES

990 for the year ended December 31, 2024

Program accomplishments

  • PROVIDE MEDICAL SERVICES AND HEALTH CARE AWARENESS TO THE COMMUNITY, INCLUDING GENERAL PUBLIC, INDIGENT, MEDICARE AND MEDICAID PATIENTS.
    Expenses $51,268,545 · revenue $42,028,727

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
64-0834532
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Hospital or medical research organization
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1996
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Health care (E320)
Assets (IRS master file)
$10,244,791
Income (IRS master file)
$43,065,859

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$43,065,859$60,307,172$10,244,791XML
990-TDecember 2024–––IRS
990December 2023$41,409,964$59,309,331$6,962,928XML
990-TDecember 2023–––IRS
990December 2022$33,212,172$52,682,965$1,447,906XML
990December 2021–––IRS
990December 2020–––IRS
990December 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 64-0834532).

Questions about MEDICAL FOUNDATION INC NON PROFIT ORGANIZATION

What is the EIN of MEDICAL FOUNDATION INC NON PROFIT ORGANIZATION?
The employer identification number (EIN) of MEDICAL FOUNDATION INC NON PROFIT ORGANIZATION is 64-0834532.
Is MEDICAL FOUNDATION INC NON PROFIT ORGANIZATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1996.
Are donations to MEDICAL FOUNDATION INC NON PROFIT ORGANIZATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does MEDICAL FOUNDATION INC NON PROFIT ORGANIZATION file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of MEDICAL FOUNDATION INC NON PROFIT ORGANIZATION due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did MEDICAL FOUNDATION INC NON PROFIT ORGANIZATION last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of MEDICAL FOUNDATION INC NON PROFIT ORGANIZATION?
The 990 for the year ended December 31, 2024 names D LARKIN KENNEDY.
Who are the officers and directors of MEDICAL FOUNDATION INC NON PROFIT ORGANIZATION?
The 990 for the year ended December 31, 2024 lists 10 people; 0 received compensation from the organization.
How much revenue does MEDICAL FOUNDATION INC NON PROFIT ORGANIZATION have?
On its 990 for the year ended December 31, 2024 it reported revenue of $43,065,859, expenses of $60,307,172 and total assets of $10,244,791 at year end.

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