Medi-Rec Foundation
- Assets
- $296.2k
- Revenue
- $23.5k
- Investments
- $268.4k
- Employees
- 0
- Location
- Apex, NC
- Founding
- 10/1975
- Data as of
- 09/2021
- 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 09/2021, Medi-Rec Foundation generated $23.5k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 0.7% each year. All expenses for the organization totaled $36.2k during the year ending 09/2021. While expenses have increased by 2.8% per year over the past 4 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 88 individual grants totaling $155,575. 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 | |
Donna Von Oehsen Director | 5 | $0 | |
Janice Von Oehsen Director | 5 | $0 | |
Michael Von Oehsen Secretary | 5 | $0 | |
David Von Oehsen Director | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $13,598 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $9,886 |
| Capital Gain Net Income | $9,886 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $23,484 |
| 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 | $354 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $230 |
| Total operating and administrative expenses | $8,534 |
| Contributions, gifts, grants paid | $27,650 |
| Total expenses and disbursements | $36,184 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $27,828 |
| 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 | $296,208 |
| Accounts payable and accrued expenses | $22,100 |
| 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 | $22,100 |
Grants Awarded
Over the last fiscal year, Medi-Rec Foundation has awarded $27,650 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
FORDHAM UNIVERSITY PURPOSE: ANNUAL DONATION (UNRESTRICTED) | $20,000 |
Bronx, NY PURPOSE: ANNUAL DONATION (UNRESTRICTED) | $5,000 |
AMERICAN CANCER SOCIETY INC PURPOSE: ANNUAL DONATION (UNRESTRICTED) | $300 |
NOVANT HEALTH PRESBYTERIAN MEDICAL PURPOSE: ANNUAL DONATION (UNRESTRICTED) | $300 |
CAROLINA BREAST FRIENDS INC PURPOSE: ANNUAL DONATION (UNRESTRICTED) | $300 |
SPECIAL OLYMPICS NC PURPOSE: ANNUAL DONATION (UNRESTRICTED) | $300 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Robins Foundation Richmond, VA | $182,936,779 | $19,761,890 |
Virginia Institute Of Autism Incorporated Charlottesville, VA | $13,400,970 | $11,731,710 |
Joe C Davis Foundation Nashville, TN | $101,782,891 | $6,182,733 |
Fraser-Parker Foundation Atlanta, GA | $226,420,772 | $14,099,479 |
Paces Foundation Inc Smyrna, GA | $85,397,872 | $9,603,919 |
Gambrell Foundation Charlotte, NC | $0 | $18,901,501 |
The Ma-Ran Foundation Atlanta, GA | $81,838,064 | $4,938,726 |
Day Foundation Memphis, TN | $0 | $13,711,953 |
Clayton Family Foundation Knoxville, TN | $90,913,195 | $17,391,150 |
Affordable Housing Opportunity Fund Inc Charlottesville, VA | $703,537 | $6,974,715 |
G Harbaugh Foundation Franklin, TN | $61,708,468 | $12,393,056 |
Robert H Smith Family Foundation Arlington, VA | $10,315,724 | -$3,599,936 |