Research & Education Trust
- Assets
- $51.6k
- Revenue
- $215.7k
- Investments
- $0.0
- Employees
- 3
- Location
- Augusta, ME
- Founding
- 03/1973
- Data as of
- 09/2022
- EIN
- 23-7257058
Organization Overview
Research & Education Trust is located in Augusta, ME. The organization was established in 1973. According to its NTEE Classification (E21) the organization is classified as: Community Health Systems, under the broad grouping of Health Care and related organizations. As of 09/2022, Research & Education Trust employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Research & Education Trust 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 09/2022, Research & Education Trust generated $215.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.6% each year. All expenses for the organization totaled $210.7k during the year ending 09/2022. While expenses have increased by 1.6% per year over the past 7 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDING CONTINUING EDUCATION TO HOSPITALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE RESEARCH AND EDUCATION TRUST (RET) PROVIDES INFORMATION AND EDUCATION ON A CONTINUING BASIS ON HOSPITAL POLICYMAKING AND CURRENT HEALTH CARE ISSUES THROUGH EDUCATION PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steven Michaud President | OfficerTrustee | 1 | $0 |
Steve Diaz Vice Chair | OfficerTrustee | 1 | $0 |
John Ronan Chair | OfficerTrustee | 1 | $0 |
Mark Fourre Treasurer | OfficerTrustee | 1 | $0 |
Teresa Vieira Past Secretary | OfficerTrustee | 1 | $0 |
Shawn Anderson Director | Trustee | 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 | $28,679 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $28,679 |
| Total Program Service Revenue | $187,000 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $215,679 |
| 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 | $199,269 |
| 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 | $2,189 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $50 |
| Advertising and promotion | $0 |
| Office expenses | $845 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $6,480 |
| Travel | $107 |
| 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 | $1,741 |
| All other expenses | $0 |
| Total functional expenses | $210,681 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $22,964 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $28,679 |
| 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 | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $51,643 |
| Accounts payable and accrued expenses | $0 |
| 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 | $14,796 |
| Total liabilities | $14,796 |
| Net assets without donor restrictions | $36,847 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $51,643 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mass General Brigham Incorporated Dover, NH | $7,857,187 | $29,893,981 |
Central Maine Healthcare Corporation Lewiston, ME | $160,072,160 | $47,484,302 |
Medical Care Development Incorporated Hallowell, ME | $13,124,569 | $32,391,306 |
Exeter Health Resources Exeter, NH | $367,054,931 | $15,758,804 |
Capital Region Health Ventures Corporation Concord, NH | $12,519,772 | $11,897,231 |
St Marys Health System Lewiston, ME | $11,831,173 | $3,469,341 |
Valley Regional Healthcare Inc Claremont, NH | $13,445,921 | $2,270,265 |
New Hampshire Health Care Assoc Pembroke, NH | $545,867 | $1,117,026 |
Mass General Brigham Incorporated Dover, NH | $10,164,563 | $752,914 |
Capital Region Health Care Corp Concord, NH | $2,419,820 | $434,909 |
Dartmouth-Hitchcock Medical Center Lebanon, NH | $3,201,700 | $420,697 |
Exeter Health Resources Inc Self-Insurance Trust Exeter, NH | $5,115,421 | $95,469 |