Beebe Physician Network INC FY2022 filing

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Beebe Physician Network is a community healthcare provider that provides essential Physician services in eastern sussex county, a Physician under-served area since 1976.

501(c)(3) charity; gifts are tax-deductible.
75¢ of each $1 spent went to programs.
$6.6M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 6
filings with a surplus
Average deficit $36.2M a year · 64% of revenue · last 6 filings
Concern: a surplus in 0 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
75%
of spending
Fine: 75% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$6.6M
to officers and key staff · 7% of spending
Looks good: pay to officers and key staff is 7% of spending; 15% or less.
Pt VII · Sec A
1 mo
of spending, in cash
Fine: 1.0 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$305.7M
×17 of total assets
Concern: liabilities are 1700% of assets; over 80%.
Pt X · Ln 26
Independent board members
3
of 11 voting members
Worth a look: 3 of 11 voting members are independent, under half.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$57.6M
+16% vs prior year
Spent
$89.1M
To programs
75%
Net assets
−$286.3M
By yearFY2020–FY2025
Revenue
$57.6M
FY2022▲ +16%
Tap a bar for its year
Revenue by fiscal year
FY2020$45.2M
FY2021$49.8M
FY2022$57.6M
FY2023$63.0M
FY2024$62.2M
FY2025$62.1M
Expenses
$89.1M
FY2022▲ +9%
Tap a bar for its year
Expenses by fiscal year
FY2020$74.2M
FY2021$81.9M
FY2022$89.1M
FY2023$98.2M
FY2024$101.2M
FY2025$112.7M
Net assets
−$286.3M
FY2022▼ -12%
Tap a bar for its year
Net assets by fiscal year
FY2020−$222.6M
FY2021−$254.7M
FY2022−$286.3M
FY2023−$321.4M
FY2024−$360.4M
FY2025−$411.0M

From the FY2022 Form 990 (year ending June 2022) · figures checked against the IRS filing · see the original

990 PDF Claim
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Feb 2000.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

75 cents of each dollar spent went to programs.

Program services 75% · $66.7M Management & general 25% · $22.4M

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

21 people listed on the 990; $6.6M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
$771,256Pt VII · Sec A
Director/Physician
$762,728Pt VII · Sec A
$747,033Pt VII · Sec A
Former Physician
$652,967Pt VII · Sec A
$651,593Pt VII · Sec A
Physician
$645,678Pt VII · Sec A
$628,214Pt VII · Sec A
Director/Physician
$474,928Pt VII · Sec A

Tarek Waked’s $1.2M as Physician is at the 95th percentile of top reported officer pay among 2901 $10–100M health care nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Tarek Waked$1,227,782$1,455,511$1,290,727$645,678——
Erik D Stancofski$973,726$962,192$1,169,729$747,033$612,090$765,437
Kurt Wehberg———$652,967$1,038,021$956,737
Delbert Kwan$974,399$908,609$902,019$762,728$829,274$871,692
Stephen Marra$928,644$959,886————
Ramakrishna Tatineni$790,370$873,994$933,068$771,256$690,844—
Mark Wilkinson$898,786—————
Mark Facciolo——$888,219———

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Beebe Physician Network INC executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Provides essential physician services to an underserved community.

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3 programs · $16.1M · in their own filed words · FY2021
01

Beebe physician network provides continuous care for inpatient and unreffered patients through the BPN hospitalist program.

$10.3Mprogram expense
02

Beebe physician network has filled the community need with access of care to the community and filled the voids through beebe gastroenterology associates.

$5.6Mprogram expense
03

Beebe physician network has filled the community need with access of care to the community and filled the voids through beebe vascular.

$226Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$57.6M
Ln 12
Fees for servicesLn 2g$48.1M
Other incomeLn 4–11$8.9M
Gifts and grantsLn 1h$556K
Money outPt IX
$89.1M
Ln 25
Programscol B$66.7M
Managementcol C$22.4M
Owns and owesPt X
−$286.3M
net assets · Ln 32
Cash and savingsLn 1–2$7.1M
Total assetsLn 16$19.4M
LiabilitiesLn 26$305.7M
PeoplePt VI, VII
21
listed · VII A
PaidVII A12
Voting boardVI 1a11
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$556K
Government grantsLn 1e$556K
Fees for servicesLn 2g$48.1M
Other incomeLn 4–11$8.9M
Total revenueLn 12$57.6M
Assets in detailPt X, end of year
CashLn 1$7.1M
Cash and savings togetherLn 1–2$7.1M
Land, buildings, equipmentLn 10c$9.4M
Other assetsLn 15$566K
Total assetsLn 16$19.4M
LiabilitiesLn 26$305.7M
Net assetsLn 32−$286.3M
OperationsPt I, VI
EmployeesI 5673
VolunteersI 68
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$2.4M$7.1M
Land, buildings, equipmentLn 10c$8.5M$9.4M
Total assetsLn 16$13.5M$19.4M
LiabilitiesLn 26$268.2M$305.7M
Net assetsLn 32−$254.7M−$286.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$1.7M$1.7M
Pay of disqualified personsLn 6$223K$223K
Other salaries and wagesLn 7$62.9M$45.8M$17.1M
Pension plan contributionsLn 8$839K$623K$215K
Other employee benefitsLn 9$5.1M$3.9M$1.2M
Payroll taxesLn 10$3.3M$2.5M$795K
Legal feesLn 11b$66K$66K
Accounting feesLn 11c$25K$14K$11K
Other fees for servicesLn 11g$5.4M$3.7M$1.7M
Advertising and promotionLn 12$192$192
Office expensesLn 13$2.9M$2.6M$320K
Information technologyLn 14$73K$6K$67K
OccupancyLn 16$4.5M$3.8M$708K
TravelLn 17$9K$8K$390
Conferences, conventions and meetingsLn 19$11K$2K$9K
Depreciation, depletion and amortizationLn 22$616K$524K$92K
InsuranceLn 23$404K$312K$92K
Other expenses (24a–d)Ln 24$985K$934K$51K
Total functional expensesLn 25$89.1M$66.7M$22.4M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS May 14, 2026 $62.1M$112.7M−$50.5M−$411.0M 990 PDF
FY2024Filed with the IRS May 13, 2025 $62.2M$101.2M−$39.0M−$360.4M 990 PDF
FY2023Filed with the IRS May 15, 2024 $63.0M$98.2M−$35.2M−$321.4M 990 PDF
FY2022 ViewingFiled with the IRS May 15, 2023 $57.6M$89.1M−$31.5M−$286.3M 990 PDF
FY2021Filed with the IRS May 13, 2022 $49.8M$81.9M−$32.1M−$254.7M 990 PDF
FY2020Filed with the IRS May 17, 2021 $45.2M$74.2M−$29.0M−$222.6M 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support J · Pay O · Explanations
See the full FY2022 990 (6 parts)
Part I · Summary $57,619,619 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,028,807$556,216
I-9 Program service revenuePrior year $40,791,248$48,133,225
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $7,943,659$8,930,178
I-12 Total revenuePrior year $49,763,714$57,619,619
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $67,821,700$74,047,535
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $14,049,094$15,078,310
I-18 Total expensesPrior year $81,870,794$89,125,845
I-19 Revenue less expensesPrior year −$32,107,080−$31,506,226
Part VI · Governance 3 of 11 board members independent, 1 to look at
VI-1a Voting members of the governing body11
VI-1b Independent voting members3
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $57,619,619 across 6 lines filed
VIII-1e Government grants$556,216
VIII-1h Total contributions, gifts and grants$556,216
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $48,133,225$48,133,225
VIII-6 Net rental income or lossExcluded from tax $100,326$100,326
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $8,829,852$8,829,852
VIII-12 Total revenueRelated to mission $56,963,077 · Unrelated business $0 · Excluded from tax $100,326$57,619,619
Part IX · Statement of functional expenses $89,125,845 across 18 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $1,692,108$1,692,108
IX-6 Pay of disqualified personsPrograms $222,838$222,838
IX-7 Other salaries and wagesPrograms $45,817,140 · Management $17,065,155$62,882,295
IX-8 Pension plan contributionsPrograms $623,270 · Management $215,347$838,617
IX-9 Other employee benefitsPrograms $3,914,079 · Management $1,230,722$5,144,801
IX-10 Payroll taxesPrograms $2,472,207 · Management $794,669$3,266,876
IX-11b Legal feesManagement $65,520$65,520
IX-11c Accounting feesPrograms $13,824 · Management $11,172$24,996
IX-11g Other fees for servicesPrograms $3,714,718 · Management $1,721,828$5,436,546
IX-12 Advertising and promotionPrograms $192$192
IX-13 Office expensesPrograms $2,621,700 · Management $319,763$2,941,463
IX-14 Information technologyPrograms $6,292 · Management $67,134$73,426
IX-16 OccupancyPrograms $3,802,683 · Management $708,323$4,511,006
IX-17 TravelPrograms $8,457 · Management $390$8,847
IX-19 Conferences, conventions and meetingsPrograms $2,372 · Management $9,053$11,425
IX-22 Depreciation, depletion and amortizationPrograms $523,610 · Management $92,233$615,843
IX-23 InsurancePrograms $312,443 · Management $91,624$404,067
IX-24 Other expenses (24a–d)Programs $933,705 · Management $51,274$984,979
IX-25 Total functional expensesPrograms $66,681,638 · Management $22,444,207 · Fundraising $0$89,125,845
Part X · Balance sheet $19,418,937 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $2,355,817$7,086,607
X-4 Accounts receivableStart of year $2,518,940$2,378,230
X-9 Prepaid expenses and deferred chargesStart of year $0$0
X-10c Land, buildings and equipment, netStart of year $8,498,622$9,387,744
X-15 Other assetsStart of year $126,039$566,356
X-16 Total assetsStart of year $13,499,418$19,418,937
X-17 Accounts payable and accrued expensesStart of year $14,847,525$15,050,234
X-19 Deferred revenueStart of year $0$0
X-20 Tax-exempt bond liabilitiesStart of year $0$0
X-24 Unsecured notes and loans payableStart of year $0$0
X-25 Other liabilitiesStart of year $253,400,073$290,623,109
X-26 Total liabilitiesStart of year $268,247,598$305,673,343
X-27 Net assets without donor restrictionsStart of year −$254,748,180−$286,254,406
X-28 Net assets with donor restrictionsStart of year $0$0
X-32 Total net assets or fund balancesStart of year −$254,748,180−$286,254,406
X-33 Total liabilities and net assetsStart of year $13,499,418$19,418,937
Part XI · Reconciliation of net assets −$286,254,406 net assets at year end
XI-1 Total revenue$57,619,619
XI-2 Total expenses$89,125,845
XI-3 Revenue less expenses−$31,506,226
XI-4 Net assets at start of year−$254,748,180
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$286,254,406

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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