Kateri Medical Services Inc
- Assets
- $1.2m
- Revenue
- $741.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Tariffville, CT
- Founding
- 08/2010
- Data as of
- 12/2022
- EIN
- 27-1601433
Organization Overview
Kateri Medical Services Inc is located in Tariffville, CT. The organization was established in 2010. According to its NTEE Classification (E21) the organization is classified as: Community Health Systems, 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. Kateri Medical Services 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, Kateri Medical Services Inc generated $741.9k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 32.3% each year . All expenses for the organization totaled $170.9k during the year ending 12/2022. While expenses have increased by 6.2% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE SIMPLE, DECENT MEDICAL CARE FOR POOR, DISTRESSED, AND UNDERPRIVILEGED NIGERIANS OF ALL FAITHS, WHO OTHERWISE HAVE NO ACCESS TO BASIC MEDICAL CARE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION OPERATES SIX MEDICAL CLINICS IN NIGERIA. THE CLINICS ARE LOCATED IN KATERI, IBURU, GIDAN WAYA (KAFANCHAN), GUSAU, PORT HARCOURT, IKARA AND KEBBI. THE POPULATIONS IN THESE AREAS OF NIGERIA LIVE IN SMALL VILLAGES AND OFTEN TIMES HAVE TO TRAVEL IN EXCESS OF 50 MILES TO GET TO A HOSPITAL. THE CLINICS ARE STAFFED WITH DOCTORS, NURSE PRACTICTIONERS AND LAB TECHNICIANS. THE CLINICS ARE OPEN 24 HOURS A DAY AND OPERATE A MOBILE VAN WHICH PROVIDES MEDICAL SERVICES TO REMOTE AREAS ON CERTAIN DAYS OF THE WEEK. THESE CLINICS ARE OWNED AND OPERATED BY THE ANGLICAN DIOCESES IN NIGERIA, WITH EXCEPTION OF PORT HARCOURT. KATERI MEDICAL SERVICES, INC. PROVIDES FINANCIAL SUPPORT TO THE DIOCESES TO PAY FOR PAYROLL EXPENSES, MEDICAL SUPPLIES, EQUIPMENT AND CONSTRUCTION COSTS OF THE CLINICS. THE CLINICS SERVED OVER 29,000 PATIENTS IN 2022.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Denise Sailor Director | Trustee | 1 | $0 |
Tundy Green Director | Trustee | 1 | $0 |
Paul Williams Director | Trustee | 1 | $0 |
Tioluwa Olokunde Owen Director | Trustee | 1 | $0 |
John Folsom Director | Trustee | 1 | $0 |
Larlie Alvaranga 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 | $724,335 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $724,335 |
| Total Program Service Revenue | $0 |
| Investment income | $17,571 |
| 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 | $741,906 |
| 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 | $159,482 |
| 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 | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $440 |
| 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 | $5,338 |
| Information technology | $0 |
| 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 | $170,898 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $170,736 |
| Savings and temporary cash investments | $0 |
| 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 | $1,018,293 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,189,029 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $127,318 |
| Net assets with donor restrictions | $1,061,711 |
| 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 | $1,189,029 |