Pacmed Clinics in Seattle, Washington (WA)

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Pacmed Clinics
Employer Identification Number (EIN)562290878
Name of OrganizationPacmed Clinics
In Care of NameController
Address1200 12th Avenue South, Seattle, WA 98144-2712
SubsectionCharitable Organization
Ruling Date01/2003
DeductibilityContributions are deductible
FoundationOrganization that normally receives no more than one third of its support from gross investment income and unrelated business income and at the same time more than one third of its support from contributions, fees, and gross receipts related to exempt purposes
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2011
Assets$50,000,000 to greater
Income$50,000,000 to greater
Filing Requirement990 (all other) or 990EZ return
Asset Amount$121,913,241
Amount of Income$256,607,454
Form 990 Revenue Amount$194,044,177
National Taxonomy of Exempt Entities (NTEE)Health - General and Rehabilitative: Health Treatment Facilities, Primarily Outpatient


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Amount of income in 2011: $256,607,454
This organization: 

 $256,607,454
Other organizations performing similar types of work: 

 $468,599

Assets in 2011: $121,913,241
This organization: 

 $121,913,241
Other organizations performing similar types of work: 

 $320,814

Expenses in 2007: $141,761,378
Pacmed Clinics: 

 $141,761,378
Other organizations performing similar types of work: 

 $5,496,650

Income to expenses ratio in 2007: 1.1
Pacmed Clinics: 

 1.1
Other organizations performing similar types of work: 

 1.0

Expenses allocated to program services in 2007: 79.1%
Pacmed Clinics: 

 79.1%
Other organizations performing similar types of work: 

 84.7%

Grants share in income in 2007: 1.0%
Pacmed Clinics: 

 1.0%
Other organizations performing similar types of work: 

 1.0%

Financial snapshot ($)

Revenue for 2007

Assets at end of 2007

Expenses for 2007

Functional Expenses for 2007 ($)

Income-Producing Activities for 2007

Revenue, Expenses, and Changes in Net Assets or Fund Balances
20062007
Total revenue$145,264,678$157,967,416
Contributions, gifts, grants, and similar amounts received$1,259,660$1,555,542
Contributions to donor advised funds$0$0
Direct public support$0$0
Indirect public support$1,259,660$1,555,542
Government contributions (grants)$0$0
Program service revenue including government fees and contracts$141,465,687$153,775,172
Membership dues and assessments$0$0
Interest on savings and temporary cash investments$1,438,658$1,911,318
Dividends and interest from securities$118,323$190,402
Net rental income or (loss)$0$315,649
Gross rents$0$417,241
Less: rental expenses$0$101,592
Other investment income$0$0
Gain or (loss) from sales of assets other than inventory$1,949$3,670
Gross amount from sales of assets other than inventory$119,987$3,670
Less: cost or other basis and sales expenses$118,038$0
Net income or (loss) from special events and activities$0$0
Gross revenue$0$0
Less: direct expenses other than fundraising expenses$0$0
Gross profit or (loss) from sales of inventory$0$0
Gross sales of inventory, less returns and allowances$0$0
Less: cost of goods sold$0$0
Other revenue$980,401$215,663
Total expenses$131,754,632$141,761,378
Program services$110,580,557$112,095,490
Management and general$21,174,075$29,665,888
Fundraising$0$0
Payments to affiliates$0$0
Net assets or fund balances at end of year$34,281,795$50,053,233
Excess or (deficit) for the year$13,510,046$16,206,038
Net assets or fund balances at beginning of year$20,801,431$34,281,795
Other changes in net assets or fund balances$-29,682$-434,600
Statement of Functional Expenses (for 2007)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$141,761,378$112,095,490$29,665,888$0
Grants paid from donor advised funds$0
Other grants and allocations$0
Specific assistance to individuals$40,291
Benefits paid to or for members$0
Compensation of current officers, directors, key employees, etc.$2,082,318$978,689$1,103,629$0
Compensation of former officers, directors, key employees, etc.$0$0$0$0
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0$0$0
Salaries and wages of employees not included above$39,848,823$32,041,643$7,807,180$0
Pension plan contributions not included above$0$0$0$0
Employee benefits not included above$10,341,941$7,576,770$2,765,171$0
Payroll taxes$0$0$0$0
Professional fundraising fees$0$0$0$0
Accounting fees$133,337$0$133,337$0
Legal fees$342,585$83,053$259,532$0
Supplies$19,142,553$18,654,159$488,394$0
Telephone$563,069$64,232$498,837$0
Postage and shipping$222,121$80,986$141,135$0
Occupancy$4,892,749$62,619$4,830,130$0
Equipment rental and maintenance$1,312,322$643,803$668,519$0
Printing and publications$0$0$0$0
Travel$186,562$79,495$107,067$0
Conferences, conventions, and meetings$158,862$45,224$113,638$0
Interest$86,384$12,705$73,679$0
Depreciation, depletion, etc.$3,420,268$981,868$2,438,400$0
Other expenses not covered above$58,987,193$50,749,953$8,237,240$0
Balance Sheets
20062007
Total assets$58,827,277$76,646,403
Cash - non-interest-bearing$0$0
Savings and temporary cash investments$15,336,669$10,841,074
Accounts receivable less allowance for doubtful accounts$2,991,737$3,977,995
Pledges receivable less allowance for doubtful accounts$0$0
Grants receivable$0$0
Receivables from current and former officers, directors, trustees, and key employees$0$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0
Other notes and loans receivable less allowance for doubtful accounts$0$0
Inventories for sale or use$61,329$0
Prepaid expenses and deferred charges$911,234$1,542,487
Investments - publicly-traded securities$19,947,914$3,839,673
Investments - other securities$0$0
Investments - land, buildings, and equipment less accumulated depreciation$0$0
Investments - other$0$30,094,221
Land, buildings, and equipment less accumulated depreciation$17,876,531$23,921,924
Other assets, including program-related investments$1,701,863$2,429,029
Total liabilities$24,545,482$26,593,170
Accounts payable and accrued expenses$19,048,547$18,376,996
Grants payable$0$0
Deferred revenue$472,842$670,475
Loans from officers, directors, trustees, and key employees$0$0
Tax-exempt bond liabilities$0$0
Mortgages and other notes payable$2,247,038$1,128,446
Other liabilities$2,777,055$6,417,253
Total liabilities and net assets/fund balances$58,827,277$76,646,403
Total net assets or fund balances$34,281,795$50,053,233
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
20062007
Total revenue$145,264,678$157,967,416
Total revenue, gains, and other support per audited financial statements$145,136,221$154,444,604
Other expenses$0$669,432
Net unrealized gains on investments$0$0
Donated services and use of facilities$0$0
Recoveries of prior year grants$0$0
Other$0$669,432
Other revenue$128,457$4,192,244
Investment expenses$0$0
Other$128,457$4,192,244
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
20062007
Total expenses$131,754,632$141,761,378
Total expenses and losses per audited financial statements$131,626,175$141,761,378
Other revenue$0$0
Donated services and use of facilities$0$0
Prior year adjustments$0$0
Losses$0$0
Other$0$0
Other expenses$128,457$0
Investment expenses$0$0
Other$128,457$0
Current Officers, Directors, Trustees, and Key Employees
Average hours per week devoted to positionCompensationContributions to employee benefit plans & deferred compensation plansExpense account and other allowances
40$473,389$243,783$0
40$207,017$41,521$0
40$301,257$55,161$0
40$243,080$40,958$0
40$157,029$15,388$0
40$193,816$34,254$0
40$308,075$29,191$0
40$198,655$36,353$0
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings9
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?No
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?No
Does the organization have a written conflict of interest policy?Yes
Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?No
Was there a liquidation, dissolution, termination, or substantial contraction during the year?No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?Yes
Direct and indirect political expenditures$0
Did the organization file Form 1120-POL for this year?No
Were substantially all dues nondeductible by members?
Did the organization make only in-house lobbying expenditures of $2,000 or less?
Dues, assessments, and similar amounts from members$0
Section 162(e) lobbying and political expenditures$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices$0
Taxable amount of lobbying and political expenditures$0
Does the organization elect to pay the section 6033(e) tax on the amount above?
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?No
Amount of tax imposed on the organization during the year under: section 4911$0
Amount of tax imposed on the organization during the year under: section 4912$0
Amount of tax imposed on the organization during the year under: section 4955$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?No
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958$0
Amount of tax above, reimbursed by the organization$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?No
Did the organization acquire a direct or indirect interest in any applicable insurance contract?No
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?No
Number of employees employed in the pay period that includes March 12, 20060
Analysis of Income-Producing Activities (for 2007)
Unrelated business incomeExcluded by section 512, 513, or 514Related or exempt function income
Business codeAmountExclusion codeAmount
Total$0$2,636,702$153,775,172
Program service revenue
Program service revenue 1000000$000$0$147,681,180
Program service revenue 2000000$000$0$0
Program service revenue 3000000$000$0$0
Program service revenue 4000000$000$0$0
Program service revenue 5000000$000$0$0
Medicare/Medicaid payments000000$000$0$6,093,992
Fees and contracts from government agencies000000$000$0$0
Membership dues and assessments000000$000$0$0
Interest on savings and temporary cash investments000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$1,911,318$0
Dividends and interest from securities000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$190,402$0
Net rental income or (loss) from real estate
debt-financed property000000$000$0$0
not debt-financed property000000$0Real property rental income that does not depend on the income or profits derived by the person leasing the property and is excluded by section 512(b)(3)$315,649$0
Net rental income or (loss) from personal property000000$000$0$0
Other investment income000000$000$0$0
Gain or (loss) from sales of assets other than inventory000000$0Gain (or loss, to the extent allowed) from the sale of investments and other non-inventory property and from certain property acquired from financial institutions that are in conservatorship or receivership (sections 512(b)(5) and 512(b)(16)(A))$3,670$0
Net income or (loss) from special events000000$000$0$0
Gross profit or (loss) from sales of inventory000000$000$0$0
Other revenue000000$0Income from an activity that is not regularly carried on (section 512(a)(1))$215,663$0
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2007)
EIN of corporation, partnership, or disregarded entityPercentage of ownership interestTotal incomeEnd-of-year assets
0000000000%$0$0
0000000000%$0$0
0000000000%$0$0
0000000000%$0$0
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2007)
CompensationContributions to employee benefit plans & deferred compensationExpense account and other allowances
$685,158$72,719$0
$367,202$56,390$0
$307,551$100,900$0
$353,580$42,781$0
$319,755$36,000$0
Total number of other employees paid over $50,000205
Statements About Activities (for 2007)
Expenses paid or incurred in connection with the lobbying activities$42,303
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?No
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?No
Did the organization maintain any donor advised funds?No
Did the organization make any taxable distributions under section 4966?No
Did the organization make a distribution to a donor, donor advisor, or related person?No
Enter the total number of donor advised funds owned at the end of the tax year$0
Enter the aggregate value of assets held in all donor advised funds owned at the end of the tax year$0
Enter the total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts$0
Enter the aggregate value of assets held in all funds or accounts included above at the end of the tax year$0
Reason for Non-Private Foundation Status
The organization is not a private foundation because it isOrganization that normally receives: less than 1/3 of its support from gross investment income and unrelated taxable business income and more than 1/3 of its support from contribution, membership fees
Support Schedule
20052006
Total$131,129,792$144,143,566
Gifts, grants, and contributions received$943,821$1,259,660
Membership fees received$0$0
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose$128,964,436$140,803,833
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975$551,232$1,519,811
Net income from unrelated business activities not included above$0$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf$0$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge$0$0
Other income$670,303$560,262
Lobbying Expenditures by Electing Public Charities (for 2007)
Total exempt purpose expenditures$0
Total lobbying expenditures$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)$0
Total lobbying expenditures to influence a legislative body (direct lobbying)$0
Other exempt purpose expenditures$0
Lobbying nontaxable amount$0
Grassroots nontaxable amount$0
Statements Regarding Other IRS Filings and Tax Compliance (for 2011)
Did the organization have unrelated business gross income of $1,000 or more during the year?No
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities $0
Gross income from members or shareholders$0
Gross income from other sources$0
Statement of Revenue (for 2011)
Total revenue$194,044,177
Contributions, Gifts, Grants and Other Similar Amounts$1,156,093
Program Service Revenue$190,637,742
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$1,831,239
Income from investment of tax-exempt bond proceeds$0
Royalties$0
Net rental income$249,498
Gross rents (Real / Personal)$351,090 / $0
Less: rental expenses (Real / Personal)$101,592 / $0
Rental income or (loss) (Real / Personal)$249,498 / $0
Net gain from sales of assets other than inventory$169,605
Gross amount from sales of assets other than inventory (Securities / Other)$61,741,681 / $889,609
Less: cost or other basis and sales expenses (Securities / Other)$61,577,444 / $884,241
Gain or (loss) (Securities / Other)$164,237 / $5,368
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous Revenue$0
Statement of Functional Expenses (for 2011)
Total functional expenses$185,765,304
Compensation of current officers, directors, trustees, and key employees$3,010,425
Other salaries and wages$58,439,337
Payroll taxes$3,286,843
Professional fundraising services$0
Other$121,028,699
Balance Sheet (for 2011)
Total assets$121,913,241
Total liabilities$38,010,310
Tax-exempt bond liabilities$0
Secured mortgages and notes payable to unrelated third parties$0
Unsecured notes and loans payable to unrelated third parties$0
Other$38,010,310
Total net assets or fund balances$83,902,931
Retained earnings, endowment, accumulated income, or other funds$0
Reason for Public Charity Status (for 2011)
The organization is not a private foundation because it is:An organization that normally receives: (1) more than 33 1/3 % of its support from contributions, membership fees, and gross receipts from activities related to its exempt functions - subject to certain exceptions, and (2) no more than 33 1/3 % of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975
Support Schedule for Organizations Described in Section 509(a)(2) (for 2011)
2007 - 2011 Total
Total support$886,702,808
Gifts, grants, contributions, and membership fees received$7,533,257
Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose$867,247,372
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf$0
The value of services or facilities furnished by a governmental unit to the organization without charge$0
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources and Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975$9,414,078
Other$2,508,101
Organizations performing similar types of work
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1Delta Dental Of California100 First Street, San Francisco, CA 94105-2634CA1961-11$4,118,807,189
2Delta Dental Plan Of MichiganPO BOX 30416, Lansing, MI 48909-7916MI1968-01$1,412,588,764
3Pacmed Clinics1200 12th Avenue South, Seattle, WA 98144-2712WA2003-01$256,607,454
4University Medical Associates Of The Medical Univ Of South Carolina, Dba Musc Physicians1180 S Rittenbrg Blvd Ste 210, Charleston, SC 29407-0001SC1991-12$249,764,684
5Mayo Clinic Health System-Eau Claire Clinic Inc733 W Clairemont Ave, Eau Claire, WI 54701-6101WI2006-02$221,910,496
6Ohsu Medical Group2241 Lloyd Ctr, Portland, OR 97232-1315OR1999-05$210,475,013
7Dedham Medical Associates Inc1 Lyons St, Dedham, MA 02026-5599MA2004-10$146,750,297
8Baptist Outpatient Services Inc6855 Red Road, Coral Gables, FL 33143FL2003-06$119,717,465
9Stillwater Medical GroupPO BOX 1309, Minneapolis, MN 55440-1309MN2005-01$34,706,350
10Elliot Physicians Network Inc1070 Holt Ave Unit 1 Ste 2100, Manchester, NH 03109-5603NH2002-04$30,904,566
11Ch-Dhc Inc250 Pleasant St, Concord, NH 03301-7539NH2001-06$28,517,111
12Palisades General Care Inc7600 River Rd, North Bergen, NJ 07047-6217NJ1986-11$26,494,699
13Nmg Services Inc2085 Frntis Plz Blvd, Winston Salem, NC 27103-5614NC1998-09$26,022,185
14Southeast Alabama Rural Health Associates1414 Elba Hwy, Troy, AL 36079-6020AL1997-01$13,805,875
15Jewish Renaissance Medical Center Inc275 Hobart Street, Perth Amboy, NJ 08861-3396NJ2001-05$13,546,590
16Kenosha Community Health Center Inc625 57th St Ste 700, Kenosha, WI 53140-4146WI1994-10$12,561,570
17Stigler Health And Wellness Center Inc1505 East Main, Stigler, OK 74462-2913OK2004-06$10,595,621
18Gun Hill Mri P C200 E Gun Hill Rd, Bronx, NY 10467-2159NY2007-06$10,036,754
19Bonita Community Health Center3501 Health Center Blvd, Bonita Springs, FL 34135-8127FL1999-10$9,683,602
20Conway Hospital Community Services300 Singleton Ridge Rd, Conway, SC 29526-9142SC2002-06$9,665,857
21Ralph Lauren Center For Cancer Care And Prevention1919 Madison Avenue, New York, NY 10035-2745NY2003-09$6,075,618
22Community Health Centers Alliance Inc140 Fountain Parkway, St Petersburg, FL 33716-1285FL2000-11$5,856,963
23Douglas County Public Health Services Group Inc, Missouri Ozarks Community HealthPO BOX 1359, Ava, MO 65608-1359MO1996-08$4,391,297
24Franciscan Medical Group1313 Broadway Plz, Tacoma, WA 98402-3400WA2001-05$196,151,843
25Ptso Of Washington2101 4th Ave Ste 320, Seattle, WA 98121-2368WA2005-10$3,507,571
26Kin On Community Health Care815 S Weller St Ste 212, Seattle, WA 98104-3050WA1985-08$2,191,267
27Dungeness Valley Health AndPO BOX 3434, Sequim, WA 98382-5028WA2001-09$353,680
28Childrens Community ResourcesPO BOX 1765, Longview, WA 98632-8091WA2000-08$77,045
29Kitsap Dental Missions Support OrganizationPO BOX 752, Silverdale, WA 98383-0752WA2003-03$2,800
30Kind Care Dentistry19921 Se 34th Street Ste 106, Camas, WA 98607WA2009-11$0
Number of organizations performing similar types of work
Alaska2
Alabama22
Arkansas18
Arizona25
California131
Colorado36
Connecticut12
District of Columbia3
Delaware5
Florida77
Georgia51
Hawaii7
Iowa13
Idaho8
Illinois42
Indiana33
Kansas14
Kentucky19
Louisiana25
Massachusetts22
Maryland20
Maine18
Michigan53
Minnesota28
Missouri31
Mississippi13
Montana5
North Carolina56
North Dakota2
Nebraska6
New Hampshire14
New Jersey29
New Mexico14
Nevada16
New York88
Ohio33
Oklahoma14
Oregon20
Pennsylvania65
Rhode Island5
South Carolina27
Tennessee33
Texas115
Utah12
Virginia25
Vermont11
Washington26
Wisconsin34
West Virginia8
Wyoming3
International3
Total1,392

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