Ma-Aua Education Fund Inc
- Assets
- $2.4m
- Revenue
- $721.2k
- Investments
- $0.0
- Employees
- 0
- Location
- East Dundee, IL
- Founding
- 09/2008
- Data as of
- 12/2023
- EIN
- 26-1352307
Organization Overview
Ma-Aua Education Fund Inc is located in East Dundee, IL. The organization was established in 2008. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ma-Aua Education Fund 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 12/2023, Ma-Aua Education Fund Inc generated $721.2k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.6% each year. All expenses for the organization totaled $586.8k during the year ending 12/2023. While expenses have increased by 6.3% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO BENEFIT THE GENERAL PUBLIC IN THE REGION BY ENCOURAGING THE STUDY OF UROLOGICAL MEDICINE, AND MAINTAINING THE HIGHEST POSSIBLE STANDARDS FOR UROLOGICAL EDUCATION, PRACTICE AND RESEARCH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MA-AUA EDUCATION FUND (MAEF) BENEFITS THE GENERAL PUBLIC BY ENCOURAGING THE STUDY OF UROLOGICAL MEDICINE, AND BY MAINTAINING THE HIGHEST STANDARDS FOR UROLOGICAL EDUCATION, PRACTICE AND RESEARCH. MAEF ENCOURAGES CONTRIBUTIONS TO MEDICAL AND SCIENTIFIC LITERATURE PERTAINING TO UROLOGY AND PROMOTES FELLOWSHIP AND PROFESSIONAL COOPERATION AMONG MID-ATLANTIC SECTION MEMBERS TO ADVANCE THEIR LEGITIMATE PROFESSIONAL INTERESTS. MAEF COMMITTEES MEET DURING THE YEAR TO PLAN PROGRAMS, TO MONITOR NEW TECHNOLOGIES AND OTHER MEDICAL RELATED MATTERS. REGULAR E-NEW COMMUNICATIONS ARE SENT AND OTHER HELPFUL INFORMATION TO MEMBERS IS MAINTAINED ON THE ORGANIZATION'S WEBSITE. THE ORGANIZATION PROVIDES RESEARCH GRANTS TO YOUNG INVESTIGATORS AND GRANTS TO UROLOGY TRAINING PROGRAMS TO HELP OFFSET THEIR COSTS IN SENDING RESIDENTS TO MAEF SCIENTIFIC MEETINGS.
THE ANNUAL FALL MEETING HOSTS MORE THAN 200 PROFESSIONALS, FEATURING CLINICAL PRESENTATIONS AND FORUMS RELATED TO CUTTING EDGE TOPICS IN UROLOGY. THE SPRING MEETING FOCUSES ON THE BUSINESS SIDE OF UROLOGY, FEATURING PRIMARILY PUBLIC POLICY AND PRACTICE MANAGEMENT TOPICS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
B Mayer Grob MD President | OfficerTrustee | 1 | $0 |
Thomas J Guzzo MD President-El | OfficerTrustee | 1 | $0 |
Matthew G Kaag MD Treasurer | OfficerTrustee | 1 | $0 |
Marisa Clifton MD Secretary | Trustee | 1 | $0 |
Lambros Stamatakis MD Historian | OfficerTrustee | 1 | $0 |
Costas D Lallas MD Past Preside | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $169,125 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $169,125 |
| Total Program Service Revenue | $468,935 |
| Investment income | $60,545 |
| 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 | $721,208 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $37,500 |
| 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 | $139,920 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,010 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,500 |
| Advertising and promotion | $0 |
| Office expenses | $13,086 |
| Information technology | $7,538 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $24,448 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $325,539 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $5,707 |
| All other expenses | $5,834 |
| Total functional expenses | $586,781 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $408,650 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $30,650 |
| 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 | $59,019 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,899,727 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,398,046 |
| Accounts payable and accrued expenses | $22,211 |
| Grants payable | $0 |
| Deferred revenue | $44,575 |
| 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 | $66,786 |
| Net assets without donor restrictions | $2,237,543 |
| Net assets with donor restrictions | $93,717 |
| 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 | $2,398,046 |