Maine Medical Education Trust Association Dr
- Assets
- $489.1k
- Revenue
- $138.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Manchester, ME
- Founding
- 04/1994
- Data as of
- 12/2021
- EIN
- 01-0443926
Organization Overview
Maine Medical Education Trust Association Dr is located in Manchester, ME. The organization was established in 1994. According to its NTEE Classification (G90) the organization is classified as: Medical Disciplines, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Maine Medical Education Trust Association Dr is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Maine Medical Education Trust Association Dr generated $138.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.5%) each year. All expenses for the organization totaled $138.4k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (2.3%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
MAINE MEDICAL EDUCATION TRUST (THE ORGANIZATION) IS A MAINE NONPROFIT CORPORATION, ORGANIZED TO PROMOTE, SPONSOR, ORGANIZE, AND CONDUCT PROJECTS, PROGRAMS, AND RELATED ORGANIZATIONAL UNDERTAKINGS WHOSE PRIMARY PURPOSE AND OBJECTIVES ARE THE IMPROVEMENT AND UPGRADING OF MEDICAL PRACTICE THROUGH EDUCATION AND TRAINING; TO ASSIST AND ENCOURAGE INDIVIDUALS IN THEIR PURSUIT OF EDUCATION IN THE FIELD OF HEALTH CARE; TO PROMOTE, ENCOURAGE, SPONSOR, ORGANIZE AND CONDUCT PROGRAMS AND PROJECTS FOR PHYSICIANS AND OTHER HEALTH PROVIDERS; TO PROMOTE, SPONSOR, ORGANIZE, AND CONDUCT PROJECTS THAT PROMOTE AND PROTECT THE PUBLIC HEALTH; TO PUBLISH AND DISTRIBUTE GENERAL HEALTH INFORMATION TO INTERESTED PARTIES AND THE GENERAL PUBLIC; TO SUPPORT MEDICAL SCHOOLS; AND TO SUPPORT THE REHABILITATION OF IMPAIRED PHYSICIANS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONDUCTED CONTINUING MEDICAL EDUCATION SEMINARS AND PROVIDED GRANTS AND CONTRIBUTIONS TO ORGANIZATIONS THAT CONTRIBUTED TO MEDICAL EDUCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Erik Steele DO President El | OfficerTrustee | 3 | $0 |
Dieter Kreckel MD Treasurer/fi | OfficerTrustee | 3 | $0 |
Jeffrey Barkin MD President | OfficerTrustee | 3 | $0 |
Lisa Letourneau Director | Trustee | 1 | $0 |
Jo Linder MD Director | Trustee | 1 | $0 |
Karen Saylor MD Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $12,493 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $93,064 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $105,557 |
| Total Program Service Revenue | $32,200 |
| Investment income | $501 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $138,258 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,150 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $20,998 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $17 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,500 |
| All other expenses | $0 |
| Total functional expenses | $138,406 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $478,198 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,219 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $6,700 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $489,117 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $95,625 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $25,231 |
| Total liabilities | $120,856 |
| Net assets without donor restrictions | $222,536 |
| Net assets with donor restrictions | $145,725 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $489,117 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Maine Medical Education Trust Association Dr has recieved totaling $196,883.
| Awarding Organization | Amount |
|---|---|
Maine Cancer Foundation Falmouth, ME PURPOSE: Improve HPV vaccination education and vaccination rates in Maine. | $190,948 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HEALTH | $5,935 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
New Hampshire Medical Society Concord, NH | $574,906 | $1,307,703 |
Maine Dental Association Manchester, ME | $1,291,057 | $567,102 |
Maine Osteopathic Association Manchester, ME | $454,237 | $308,002 |
Maine Medical Education Trust Association Dr Manchester, ME | $489,117 | $138,258 |
Maine Association Of Physician Assistants Westbrook, ME | $75,659 | $0 |
Maine Dental Hygienists Assoc Inc Turner, ME | $90,614 | $0 |
School Nutrition Association Of New Hampshire Barrington, NH | $133,446 | $0 |
New Hampshire Podiatric Medical Association Inc Glen, NH | $86,601 | $0 |