Lancaster Medical Society Foundation
- Assets
- $185.4k
- Revenue
- $28.9k
- Investments
- $112.3k
- Employees
- 0
- Location
- Lancaster, PA
- Founding
- 06/1992
- Data as of
- 09/2024
- EIN
- 23-2633979
Organization Overview
Lancaster Medical Society Foundation is located in Lancaster, PA. The organization was established in 1992. According to its NTEE Classification (G11) the organization is classified as: Single Organization Support, 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. Lancaster Medical Society 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 09/2024, Lancaster Medical Society Foundation generated $28.9k in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (0.1%) each year. All expenses for the organization totaled $14.4k during the year ending 09/2024. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2024
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATIONAL SCHOLARSHIPS WERE AWARDED TO INDIVIDUAL STUDENTS ACCORDING TO THE RULES OF THE FOUNDATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sarah Eiser MD President | 0 | $0 | |
Robin M Hicks DO President El | 0 | $0 | |
Christopher R Scheid Vice Preside | 0 | $0 | |
James M Kelly Treasurer | 0 | $0 | |
Beth Gerber Executive Di | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $26,921 |
| Interest on Savings | $85 |
| Dividends & Interest | $2,505 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$581 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $28,930 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $2 |
| Taxes | $70 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $293 |
| Total operating and administrative expenses | $365 |
| Contributions, gifts, grants paid | $14,000 |
| Total expenses and disbursements | $14,365 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $73,183 |
| 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 | $185,441 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $14,000 |
| 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 | $14,000 |
Grants Awarded
Over the last fiscal year, Lancaster Medical Society Foundation has awarded $14,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
C VERONICA RUIZ PURPOSE: SCHOLARSHIP | $5,000 |
HANNAH RUBY PURPOSE: SCHOLARSHIP | $4,000 |
SAFITAJ SINDHAR PURPOSE: SCHOLARSHIP | $3,000 |
HANNAH DIETERLE PURPOSE: SCHOLARSHIP | $2,000 |