Kentucky Foundation For Medical Care Inc
- Assets
- $2.1m
- Revenue
- $48.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Louisville, KY
- Founding
- 04/1972
- Data as of
- 12/2022
- EIN
- 23-7181728
Organization Overview
Kentucky Foundation For Medical Care Inc is located in Louisville, KY. The organization was established in 1972. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, 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. Kentucky Foundation For Medical Care Inc 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 12/2022, Kentucky Foundation For Medical Care Inc generated $48.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (12.7%) each year. All expenses for the organization totaled $116.9k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (13.7%) per year over the past 6 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
THE FOUNDATION IS COMMITTED TO PHYSICIAN LEADERSHIP EDUCATION AS WELL AS IMPROVING THE HEALTH OF ALL KENTUCKIANS THROUGH MEDICAL EDUCATION AND PUBLIC HEALTH INITIATIVES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
KENTUCKY PHYSICIANS LEADERSHIP INSTITUTE (WHICH INCLUDES THE KENTUCKY PHYSICIANS LEADERSHIP ACADEMY):A FOUR WEEKEND PROGRAM PROMOTING PHYSICIAN LEADERSHIP THROUGH ENHANCEMENT OF PERSONAL LEADERSHIP SKILLS, HEALTH CARE BUSINESS AND ORGANIZATIONAL SKILLS, AND HEALTH CARE POLICY AND ADVOCACY SKILLS. MEDICAL STUDENT OUTREACH LEADERSHIP PROGRAM (MSOL):PROGRAMS TO PROMOTE MEDICAL STUDENT LEADERSHIP THROUGH COMMUNITY INVOLVEMENT, AND EDUCATION ON THE POLITICAL, SOCIAL, AND ECONOMIC ISSUES OF THE HEALTH CARE SYSTEM.
RURAL PHYSICIAN BURNOUT PROGRAM: THIS PROGRAM PROVIDES UP TO SIX THERAPY SESSIONS TO A KMA MEMBER WHO RESIDES IN A RURAL AREA OF KENTUCKY TO ADDRESS THE EFFECTS OF BURNOUT. THE PROGRAM IS TOTALLY CONFIDENTIAL AND PROVIDES PHYSICIANS A WAY TO SEEK TREATMENT OUTSIDE THEIR OWN PRACTICE SETTING WITHOUT HAVING TO WORRY ABOUT PRIVACY CONCERNS.RURAL PHYSICIAN LEADERSHIP PROGRAM:THIS PROGRAM PROVIDES SCHOLARSHIPS TO KMA MEMBERS WHO RESIDE IN RURAL AREAS OF KENTUCKY TO ATTEND THE KENTUCKY PHYSICIANS LEADERSHIP INSTITUTE.
"BREATHE BETTER KENTUCKY" PUBLIC HEALTH CAMPAIGN, FUNDED BY A GRANT FROM THE ANTHEM FOUNDATION. THE CAMPAIGN'S PURPOSE WAS TO EDUCATE ALL KENTUCKIANS, WITH A PARTICULAR EMPHASIS ON THE AFRICAN AMERICAN, HISPANIC AND RURAL COMMUNITIES OF THE STATE, ON LUNG HEALTH ISSUES AND ENCOURAGE VISITING WITH A PHYSICIAN TO DISCUSS SPECIFIC CONCERNS. THE CAMPAIGN ALSO BROUGHT AWARENESS TO THE UNIQUE CHALLENGES AND INEQUITIES THAT EXIST WITHIN THESE ISSUES FOR CERTAIN POPULATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amanda M Evans MD Director | Trustee | 0.01 | $0 |
Angela T Dearinger MD Director | Trustee | 0.01 | $0 |
Casey L Miles MD Director | Trustee | 0.01 | $0 |
Fred A Williams Jr MD Director | Trustee | 0.01 | $0 |
Gordon R Tobin MD Director | Trustee | 0.01 | $0 |
Lesley A Kellie DO Director | Trustee | 0.01 | $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 | $9,880 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,880 |
| Total Program Service Revenue | $20,964 |
| Investment income | $21,555 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$4,060 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $48,339 |
| 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 | $28,578 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,906 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $807 |
| 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 | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $116,866 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $124,518 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,025 |
| 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 | $504 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,946,382 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,072,429 |
| Accounts payable and accrued expenses | $22,996 |
| 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 | $22,996 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $2,049,433 |
| 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 | $2,072,429 |