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Iu Medical Group Foundation Inc

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Educational Institutions and Related Activities / Single Organization Support (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$90.8M (2023)

Expenses
$26.7M (2023)

Total Assets
$340M (2023)

Total Liabilities
$85 (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending June
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$90,820,472
Expenses
$26,717,815
Net Income
$64,102,657
Net Assets
$340,332,940
Notable Sources of Revenue Percent of Total Revenue
Contributions $85,969,381
94.7%
Program Services $3,124,889
3.4%
Investment Income $9,403,934
10.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$7,677,732
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $340,333,025
Total Liabilities $85
Net Assets $340,332,940
Compensation
Key Employees and Officers Compensation Related Other
Jay Hess (Board Chairman) $0 $1,007,751 $335,652
Kevin B Gebke (Secretary) $0 $677,639 $113,045
Michael O Koch (Treasurer) $0 $1,009,146 $43,770
Wade D Clapp (Director) $0 $666,091 $69,184
Flora Hammond (Director) $0 $459,856 $63,901
Peter Pang (Director) $0 $645,482 $68,567
Himanshu Shah (Director) $0 $809,649 $180,909

Document Links

Fiscal Year Ending June
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$45,380,536
Expenses
$38,061,402
Net Income
$7,319,134
Net Assets
$253,895,754
Notable Sources of Revenue Percent of Total Revenue
Contributions $25,123,452
55.4%
Program Services $10,191,299
22.5%
Investment Income $9,121,022
20.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $944,763
2.1%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $256,189,183
Total Liabilities $2,293,429
Net Assets $253,895,754
Compensation
Key Employees and Officers Compensation Related Other
Jay Hess (Board Chairman) $0 $1,046,776 $333,880
Kevin B Gebke (Secretary) $0 $683,397 $47,278
Michael O Koch (Treasurer) $0 $994,845 $51,906
Wade D Clapp (Director) $0 $658,219 $74,174
Flora Hammond (Director) $0 $477,410 $68,526
Peter Pang (Director) $0 $652,380 $63,713
Himanshu Shah (Director) $0 $780,343 $96,509

Document Links

Fiscal Year Ending June
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$56,682,110
Expenses
$30,760,270
Net Income
$25,921,840
Net Assets
$289,019,740
Notable Sources of Revenue Percent of Total Revenue
Contributions $27,500,000
48.5%
Program Services $16,241,637
28.7%
Investment Income $5,619,915
9.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $7,320,558
12.9%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $289,144,740
Total Liabilities $125,000
Net Assets $289,019,740
Compensation
Key Employees and Officers Compensation Related Other
Jay Hess (Board Chairman) $0 $998,845 $282,973
Kevin B Gebke (Secretary) $0 $592,502 $51,896
Michael O Koch (Treasurer) $0 $987,136 $47,290
Wade D Clapp (Director) $0 $644,640 $73,689
Flora Hammond (Director) $0 $478,233 $68,072
Peter Pang (Director) $0 $432,389 $46,726
Himanshu Shah (Director) $0 $737,607 $41,508

Document Links

Fiscal Year Ending June
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$48,270,921
Expenses
$34,399,549
Net Income
$13,871,372
Net Assets
$224,164,697
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $14,619,897
30.3%
Investment Income $6,179,755
12.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $27,471,269
56.9%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $231,188,668
Total Liabilities $7,023,971
Net Assets $224,164,697
Compensation
Key Employees and Officers Compensation Related Other
Jay Hess (Board Chairman) $0 $977,237 $269,207
Kevin B Gebke (Secretary) $0 $533,251 $36,796
Michael O Koch (Treasurer) $0 $997,101 $28,764
Wade D Clapp (Director) $0 $603,522 $62,738
Flora Hammond (Director) $0 $538,939 $49,037
Cherri D Hobgood (Director) $0 $603,830 $40,181
David Ingram (Vice Chairman) $0 $839,659 $125,976

Document Links

Fiscal Year Ending June
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$22,913,233
Expenses
$19,725,678
Net Income
$3,187,555
Net Assets
$230,633,461
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $14,025,224
61.2%
Investment Income $6,497,513
28.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $2,390,496
10.4%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $230,633,461
Total Liabilities $0
Net Assets $230,633,461
Compensation
Key Employees and Officers Compensation Related Other
Jay Hess (Board Chairman) $0 $1,441,240 $167,742
Kevin B Gebke (Secretary) $0 $435,525 $38,668
Michael O Koch (Treasurer) $0 $998,655 $38,383
Wade D Clapp (Director) $0 $582,228 $59,500
Flora Hammond (Director) $0 $429,785 $51,823
Cherri D Hobgood (Director) $0 $603,956 $43,958
David Ingram (Vice Chairman) $0 $600,393 $128,929

Document Links

Fiscal Year Ending June
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$55,075,769
Expenses
$37,883,091
Net Income
$17,192,678
Net Assets
$222,053,233
Notable Sources of Revenue Percent of Total Revenue
Contributions $36,652,878
66.5%
Program Services $13,805,375
25.1%
Investment Income $5,222,793
9.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$605,277
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $222,053,233
Total Liabilities $0
Net Assets $222,053,233
Compensation
Key Employees and Officers Compensation Related Other
Jay Hess (Board Chairman) $0 $681,370 $35,784
Kevin Gebke (Secretary) $0 $428,487 $38,466
Michael Koch (Treasurer) $0 $1,016,191 $40,642
D Wade Clapp (Director) $0 $494,450 $57,847
Flora Hammond (Director) $0 $579,631 $46,750
Cherri Hobgood (Director) $0 $501,805 $47,038
David Ingram (Vice Chairman) $0 $459,864 $28,549
John Fitzgerald (Former Vice Chairman) $0 $723,812 $171,795

Document Links

Fiscal Year Ending June
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$50,030,212
Expenses
$9,317,553
Net Income
$40,712,659
Net Assets
$199,610,754
Notable Sources of Revenue Percent of Total Revenue
Contributions $34,000,000
68.0%
Program Services $12,330,002
24.6%
Investment Income $4,801,619
9.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$1,107,971
Net Inventory Sales $0
Other Revenue $6,562
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $199,610,754
Total Liabilities $0
Net Assets $199,610,754
Compensation
Key Employees and Officers Compensation Related Other
Jay Hess (Board Chairman) $0 $650,383 $141,179
John Fitzgerald (Vice Chairman) $0 $605,250 $160,414
Kevin Gebke (Secretary) $0 $426,052 $32,544
Michael Koch (Treasurer) $0 $912,485 $27,525
D Wade Clapp (Director) $0 $457,739 $47,924
Flora Hammond (Director) $0 $518,637 $41,120
Cherri Hobgood (Director) $0 $474,577 $32,317

Document Links

Fiscal Year Ending June
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$23,367,416
Expenses
$24,752,872
Net Income
-$1,385,456
Net Assets
$150,645,296
Notable Sources of Revenue Percent of Total Revenue
Contributions $9,535,550
40.8%
Program Services $11,721,572
50.2%
Investment Income $4,051,710
17.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$1,741,416
Net Inventory Sales $0
Other Revenue -$200,000
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $165,686,246
Total Liabilities $15,040,950
Net Assets $150,645,296
Compensation
Key Employees and Officers Compensation Related Other
Jay Hess (Board Chairman) $0 $638,995 $165,309
John Fitzgerald (Vice Chairman) $0 $809,744 $37,164
Kevin Gebke (Secretary) $0 $398,271 $32,069
Michael Koch (Treasurer) $0 $974,268 $25,921
D Wade Clapp (Director) $0 $440,689 $41,344
Flora Hammond (Director) $0 $525,587 $39,803
Cherri Hobgood (Director) $0 $433,281 $33,707

Document Links

Fiscal Year Ending June
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$71,509,240
Expenses
$42,423,524
Net Income
$29,085,716
Net Assets
$150,658,449
Notable Sources of Revenue Percent of Total Revenue
Contributions $57,400,000
80.3%
Program Services $11,509,050
16.1%
Investment Income $2,938,149
4.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$167,206
Net Inventory Sales $0
Other Revenue -$170,753
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $169,747,626
Total Liabilities $19,089,177
Net Assets $150,658,449
Compensation
Key Employees and Officers Compensation Related Other
Jay Hess (Board Chairman) $0 $631,235 $39,021
John Fitzgerald (Vice Chairman) $0 $1,274,342 $16,443
Kevin Gebke (Secretary) $0 $350,976 $24,706
Michael Koch (Treasurer) $0 $899,837 $14,487
D Wade Clapp (Director) $0 $367,567 $40,563
Flora Hammond (Director) $0 $509,645 $33,301
Cherri Hobgood (Director) $0 $399,175 $31,227

Document Links

Fiscal Year Ending June
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$104,210,562
Expenses
$60,574,078
Net Income
$43,636,484
Net Assets
$102,122,441
Notable Sources of Revenue Percent of Total Revenue
Contributions $102,700,000
98.6%
Program Services $0
Investment Income $992,527
1.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $545,724
0.5%
Net Inventory Sales $0
Other Revenue -$27,689
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $128,673,261
Total Liabilities $26,550,820
Net Assets $102,122,441
Compensation
Key Employees and Officers Compensation Related Other
Jay Hess (Board Chairman) $0 $600,000 $0
John Fitzgerald (Board Vice Chair) $0 $466,549 $0
D Wade Clapp (Director) $0 $425,000 $0
Michael Koch (Secretary) $0 $975,935 $0
Flora Hammond (Director) $0 $479,752 $0
Kevin Gebke (Treasurer) $0 $405,157 $0
Cherri Hobgood (Director) $0 $417,495 $0

Document Links

Fiscal Year Ending June
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$107,968,711
Expenses
$121,640,213
Net Income
-$13,671,502
Net Assets
$67,897,638
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $105,802,595
98.0%
Investment Income $2,162,667
2.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $3,449
0.0%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $84,467,354
Total Liabilities $16,569,716
Net Assets $67,897,638

Document Links

Fiscal Year Ending June
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$80,246,748
Expenses
$67,296,149
Net Income
$12,950,599
Net Assets
$81,799,395
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $78,946,656
98.4%
Investment Income $1,300,092
1.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $92,723,986
Total Liabilities $10,924,591
Net Assets $81,799,395

Document Links

Fiscal Year Ending June
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$77,328,636
Expenses
$82,232,321
Net Income
-$4,903,685
Net Assets
$68,721,920
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $76,052,785
98.4%
Investment Income $1,275,851
1.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $75,879,863
Total Liabilities $7,157,943
Net Assets $68,721,920

Document Links

Fiscal Year Ending June
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

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Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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  • Raw filing data. Includes EINs and summary financials as structured data.
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