Mad-Id Incorporated
- Assets
- $1.1m
- Revenue
- $542.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Troy, MI
- Founding
- 11/2006
- Data as of
- 08/2023
- EIN
- 20-5591983
Organization Overview
Mad-Id Incorporated is located in Troy, MI. The organization was established in 2006. According to its NTEE Classification (G03) the organization is classified as: Professional Societies & Associations, 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. Mad-Id Incorporated 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 08/2023, Mad-Id Incorporated generated $542.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (6.9%) each year. All expenses for the organization totaled $483.0k during the year ending 08/2023. As we would expect to see with falling revenues, expenses have declined by (4.7%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Mad-Id Incorporated has awarded 19 individual grants totaling $216,434. 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE MEDICAL EDUCATION VIA MEETINGS, CONFERENCES AND SYMPOSIUMS IN THE FORM OF TRADITIONAL INTERACTION AMONG PROFESSIONALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ANNUAL MAD-ID CONFERENCE IS WHERE PHARMACISTS AND PHYSICIANS ARE GIVEN THE OPPORTUNITY TO PARTICIPATE IN A 3-DAY EDUCATIONAL SYMPOSIUM SPECIFICALLY DESIGNATED TO APPLY RECENT RESEARCH TO PATIENT CARE AND ANTIMCROBIAL STEWARDSHIP.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kerry Laplante Pharmd Vice Preside | Officer | 2 | $20,000 |
Michael J Rybak Pharmd President | Officer | 15 | $20,000 |
Susan Davis Pharmd Vice Preside | Officer | 1 | $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 | $59,380 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $59,380 |
| Total Program Service Revenue | $455,112 |
| Investment income | $28,782 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$653 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $542,621 |
| 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. | $40,000 |
| Compensation of current officers, directors, key employees. | $40,000 |
| 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 | $3,337 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $5,799 |
| Fees for services: Other | $222,646 |
| Advertising and promotion | $1,131 |
| Office expenses | $1,305 |
| Information technology | $10,395 |
| 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 | $195,494 |
| Interest | $193 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,699 |
| All other expenses | $0 |
| Total functional expenses | $482,999 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $306,949 |
| Savings and temporary cash investments | $25,088 |
| 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 | $813,474 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,145,511 |
| Accounts payable and accrued expenses | $43,625 |
| 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 | $43,625 |
| Net assets without donor restrictions | $0 |
| 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 | $1,101,886 |
| Total liabilities and net assets/fund balances | $1,145,511 |
Grants Awarded
Over the last fiscal year, Mad-Id Incorporated has awarded $31,434 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF MISSISSIPPI PURPOSE: RESEARCH GRANT | $18,980 |
SUMMA HEALTH PURPOSE: RESEARCH GRANT | $7,701 |
UNIVERSITY OF MICHIGAN PURPOSE: RESEARCH GRANT | $4,753 |