Cambridge Medical Care Foundation
- Assets
- $578.2k
- Revenue
- $94.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Cambridge, MA
- Founding
- 03/1983
- Data as of
- 09/2022
- EIN
- 04-2752962
Organization Overview
Cambridge Medical Care Foundation is located in Cambridge, MA. The organization was established in 1983. According to its NTEE Classification (E22) the organization is classified as: General Hospitals, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cambridge Medical Care Foundation 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 09/2022, Cambridge Medical Care Foundation generated $94.8k 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 (11.8%) each year. All expenses for the organization totaled $134.6k during the year ending 09/2022. As we would expect to see with falling revenues, expenses have declined by (10.4%) 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PLAN FOR THE PROVISION OF MEDICAL CARE AND OTHER HUMAN SERVICES FOR THE BENEFIT OF THE SICK AND INJURED AND OF ALL PERSONS SUFFERING FROM ILLNESS; TO ASSIST IN MEDICAL EDUCATION AND THE EDUCATION OF OTHER PERSONNEL ENGAGED IN HEALTH SERVICES; TO ADVANCE SCIENTIFIC KNOWLEDGE THROUGH RESEARCH; AND TO TAKE AN ACTIVE PART IN PLANNING FOR AND THE PROMOTION OF THE GENERAL MENTAL AND PHYSICAL HEALTH AND HUMAN NEEDS OF THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION PROVIDES EDUCATION, MEDICAL CARE, AND PERFORMS MEDICAL SERVICES IN CONJUNCTION WITH THE CAMBRIDGE HOSPITAL AND HARVARD MEDICAL SCHOOL TO BENEFIT THE COMMUNITY AT LARGE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard J Pels MD President | OfficerTrustee | $0 | |
David H Bor MD Vice Pres/tr | OfficerTrustee | $0 | |
Ira L Mintzer MD Secretary | OfficerTrustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $91,635 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $91,635 |
| Total Program Service Revenue | $3,200 |
| Investment income | $0 |
| 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 | $94,835 |
| 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 | $3,720 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,543 |
| Advertising and promotion | $0 |
| Office expenses | $887 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $42,956 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,623 |
| All other expenses | $404 |
| Total functional expenses | $134,628 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $117,214 |
| Savings and temporary cash investments | $460,951 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $578,165 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $578,165 |
| Net assets with donor restrictions | $0 |
| 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 | $578,165 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Cambridge Medical Care Foundation has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Cambridge Community Foundation Cambridge, MA PURPOSE: PROGRAM ASSISTANCE. | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Baystate Wing Hospital Corporation Palmer, MA | $104,408,982 | $97,206,592 |
Rome Memorial Hospital Inc Rome, NY | $72,806,706 | $103,415,729 |
Guthrie Cortland Medical Center Cortland, NY | $104,605,193 | $96,207,960 |
Brattleboro Memorial Hospital Brattleboro, VT | $104,110,921 | $94,984,604 |
North Country Hospital & Health Center,inc Newport, VT | $120,716,878 | $102,074,097 |
Porter Hospital Inc Hcsr Middlebury, VT | $83,460,872 | $99,708,457 |
Monadnock Community Hospital Peterborough, NH | $175,868,092 | $101,127,836 |
Copley Hospital Inc Morrisville, VT | $84,353,372 | $98,228,330 |
Aurelia Osborn Fox Memorial Hospital Society Oneonta, NY | $63,274,804 | $82,131,187 |
Clifton Springs Sanitarium Co Clifton Springs, NY | $86,331,119 | $88,748,447 |
Memorial Hospital North Conway, NH | $121,250,571 | $92,264,207 |
Johnson Memorial Hospital Inc Hartford, CT | $72,041,275 | $86,869,288 |