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Nonprofit · EIN 35-1536132

BEACON MEDICAL GROUP INC

Tax-exempt · SOUTH BEND, IN 46601

Financials

$187.6M$327.4M2023$219.6M$331.8M2024
Revenue Expenses · by fiscal year end
Financials of BEACON MEDICAL GROUP INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$219,621,077$331,755,878-$112,134,801$105,464,034$32,146,191$73,317,843
December 31, 2023990$187,582,958$327,372,668-$139,789,710$120,475,465$30,591,318$89,884,147
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$2,137,913
of which government grants
$51,664
Program service revenue
$217,541,060
Investment income
-$430,886
Net rental income
$372,528
Net gain from sales of assets
-$533,124
Other revenue
$372,990

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$868,500
Other salaries and wages
$220,254,701
Salaries, compensation and benefits (total)
$256,558,868
Professional fundraising fees
$0
Legal fees
$4,798
Accounting fees
$41,952
Occupancy
$4,379,547
Travel
$97,242
Depreciation
$5,742,451
Program services (functional)
$293,821,238
Management and general (functional)
$37,934,640

Balance sheet and other

Total assets, start of year
$120,475,465
Total assets, end of year
$105,464,034
Total liabilities, end of year
$32,146,191
Net assets, end of year
$73,317,843
Land, buildings and equipment
$68,444,354
Publicly traded securities
$21,385
Net assets without donor restrictions
$73,317,843
Gross unrelated business income
$2,814,793
Gross receipts
$220,865,601
Employees
1,881
Volunteers
0
Year formed
1981
State of legal domicile
IN

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
Matthew Koscielski MDEmployed Physician
Highest-paid employee
40$2,415,448$0$72,758
Kreg R GruberCEO
Officer
2$0$1,848,714$287,708
Neal B PatelEmployed Physician
Highest-paid employee
40$1,893,623$0$71,385
Charbel F Maskiny MDEmployed Physician
Highest-paid employee
40$1,770,820$0$77,779
Ismail Al Ani MDEmployed Physician
Highest-paid employee
40$1,618,661$0$78,779
Kasif A ShaikhEmployed Physician
Highest-paid employee
40$1,553,855$0$37,546
Jeffrey P CostelloCFO
Officer
2$0$1,077,612$188,598
Dale A PattersonPresident
Officer
40$695,150$0$169,710
Anita KnudstonSecretary
Trustee or director, Officer
2$1,220$0$0
Samir Patel MDDirector
Trustee or director
2$0$1,220$0
Thomas R Vidic MDDirector
Trustee or director
2$1,220$0$0
William Houston MDChair
Trustee or director, Officer
2$200$0$0
William Buckley MDDirector
Trustee or director
2$200$0$0
David A Campbell MDDirector
Trustee or director
2$200$0$0
Kevin M Casey DODirector
Trustee or director
2$200$0$0
3 more people on this return
NameTitleHours / weekCompensation
Debie M CobleDirector
Trustee or director
2$200
Kendra N KeyDirector
Trustee or director
2$200
Robert Bartels JrDirector thru 3/31/24
Trustee or director
2$0
990 for the year ended December 31, 2023: 18 people
NameTitleHours / weekCompensationFrom related orgsOther / benefits
Matthew Koscielski MDEmployed Physician
Highest-paid employee
40$2,052,799$0$35,575
Charbel F Maskiny MDEmployed Physician
Highest-paid employee
40$1,682,846$0$24,491
Ismail Al Ani MDEmployed Physician
Highest-paid employee
40$1,595,147$0$25,950
Neal B PatelEmployed Physician
Highest-paid employee
40$1,497,825$0$37,187
John GilbertEmployed Physician
Highest-paid employee
40$1,463,612$0$37,538
Kreg R GruberCEO
Officer
2$0$1,162,712$170,134
Jeffrey P CostelloCFO
Officer
2$0$744,234$118,036
Dale A PattersonPresident
Officer
40$456,471$0$95,673
Vincent C Henderson MDPresident thru 5/1/23
Officer
0$228,313$0$15,065
James Dan MDVice Chair thru 3/31/23
Trustee or director, Officer
2$0$5,975$0
Anita KnudstonSecretary
Trustee or director, Officer
2$1,220$0$0
Samir Patel MDDirector
Trustee or director
2$0$1,220$0
Thomas R Vidic MDDirector
Trustee or director
2$1,220$0$0
William Houston MDChair
Trustee or director, Officer
2$225$0$0
David A Campbell MDDirector
Trustee or director
2$225$0$0
Kevin M Casey DODirector
Trustee or director
2$225$0$0
Robert Bartels JrDirector
Trustee or director
2$225$0$0
William Buckley MDDirector
Trustee or director
2$225$0$0

Address and contacts

Address (IRS master file)
615 N MICHIGAN ST, SOUTH BEND, IN 46601-1033
In care of
% JEFFREY COSTELLO
Principal officer (990 for 2024)
Kreg Gruber, 615 N Michigan Street, South Bend, IN 46601
Signed the 990
Jeffrey Costello, CFO
Phone
(574) 647-3549
Return prepared by
RSM US LLP

Mission

We deliver outstanding care, inspire health, and connect with heart.

990 for the year ended December 31, 2024

Program accomplishments

  • Beacon Medical Group, Inc. (BMG) operates a multi-specialty care network of physicians and also includes the med-point immediate care centers. In addition to the physician practices, BMG operates a high complexity core laboratory for the support of its employed physicians. BMG also operates Med-point Urgent Care centers to supplement the services of the Medical Group. In addition to the Corporation's primary care network, BMG manages the operation of several hospital-based practices for the hospitalists, trauma orthopedic surgeons, and pediatric intensivists.
    Expenses $293,737,522 · revenue $217,420,024
  • Beacon Medical Group, Inc. (BMG) operates a multi-specialty care network, and also operates the Beacon Medical Group Clinical Research Institute ("Clinical Research"). Clinical Research is currently focused on pharmacology studies. The pharmacology studies involve patients with specific conditions or diseases. Clinical Research has brought the following positive benefits to BMG: improved patient care - brings BMG physicians and nurses closer to leading-edge medicine. Corporate positioning - clinical research can enhance BMG's identity and brand, it can provide a means to meet physicians' academic needs and enhance physician recruitment.
    Expenses $83,716 · revenue $121,498

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
35-1536132
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
1983
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Health care (E21)
Assets (IRS master file)
$105,464,034
Income (IRS master file)
$220,865,601

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$219,621,077$331,755,878$105,464,034IRS
990-TDecember 2024–––IRS
990December 2023$187,582,958$327,372,668$120,475,465XML
990-TDecember 2023–––IRS
990December 2022$186,390,453$304,195,207$117,701,782IRS
990-TDecember 2022–––IRS
990December 2021–––IRS
990-TDecember 2021–––IRS
990December 2020–––IRS
990-TDecember 2020–––IRS
990December 2018–––IRS
990December 2017–––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 35-1536132).

Questions about BEACON MEDICAL GROUP INC

What is the EIN of BEACON MEDICAL GROUP INC?
The employer identification number (EIN) of BEACON MEDICAL GROUP INC is 35-1536132.
Is BEACON MEDICAL GROUP INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1983.
Are donations to BEACON MEDICAL GROUP INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does BEACON MEDICAL GROUP INC 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 BEACON MEDICAL GROUP INC 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 BEACON MEDICAL GROUP INC 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 BEACON MEDICAL GROUP INC?
The 990 for the year ended December 31, 2024 names Kreg Gruber.
Who are the officers and directors of BEACON MEDICAL GROUP INC?
The 990 for the year ended December 31, 2024 lists 18 people; 14 received compensation from the organization, the highest $2,415,448 (Matthew Koscielski MD, Employed Physician).
How much revenue does BEACON MEDICAL GROUP INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $219,621,077, expenses of $331,755,878 and total assets of $105,464,034 at year end.

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