Medi-Rec Foundation
- Assets
- $274.7k
- Revenue
- $26.3k
- Investments
- $260.0k
- Employees
- 0
- Location
- Apex, NC
- Founding
- 10/1975
- Data as of
- 09/2023
- EIN
- 06-6182480
Organization Overview
Medi-Rec Foundation is located in Apex, NC. The organization was established in 1975. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Medi-Rec 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 09/2023, Medi-Rec Foundation generated $26.3k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.3% each year. All expenses for the organization totaled $36.7k during the year ending 09/2023. While expenses have increased by 2.1% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Medi-Rec Foundation has awarded 104 individual grants totaling $175,192. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gina Cleary President | 5 | $6,000 | |
Carol Piccaro Vice Pres. | 5 | $0 | |
Michael Von Oehsen Secretary | 5 | $0 | |
Donna Von Oehsen Director | 5 | $0 | |
Janice Von Oehsen Director | 5 | $0 | |
David Von Oehsen Director | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $39 |
| Dividends & Interest | $15,250 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $10,994 |
| Capital Gain Net Income | $10,994 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $26,283 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $6,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $464 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $175 |
| Total operating and administrative expenses | $8,564 |
| Contributions, gifts, grants paid | $28,117 |
| Total expenses and disbursements | $36,681 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $14,762 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $274,724 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Medi-Rec Foundation has awarded $28,117 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN CANCER SOCIETY INC PURPOSE: ANNUAL DONATION (UNRESTRICTED) | $100 |
ALZHEIMER'S ASSOCIATION PURPOSE: ANNUAL DONATION (UNRESTRICTED) | $100 |
BISHOP'S ANNUAL CATHOLIC APPEAL PURPOSE: ANNUAL DONATION (UNRESTRICTED) | $200 |
NEW CANAAN LIBRARY PURPOSE: ANNUAL DONATION (UNRESTRICTED) | $200 |
DANA FARBER CANCER INSTITUTE PURPOSE: ANNUAL DONATION (UNRESTRICTED) | $300 |
SPECIAL OLYMPICS NC PURPOSE: ANNUAL DONATION (UNRESTRICTED) | $300 |