Idaho Medical Association Foundation Inc
- Assets
- $489.7k
- Revenue
- $28.7k
- Investments
- $473.7k
- Employees
- 0
- Location
- Boise, ID
- Founding
- 09/2014
- Data as of
- 12/2022
- EIN
- 27-3019789
Organization Overview
Idaho Medical Association Foundation Inc is located in Boise, ID. The organization was established in 2014. According to its NTEE Classification (E12) the organization is classified as: Fund Raising & Fund Distribution, 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. Idaho Medical Association Foundation 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, Idaho Medical Association Foundation Inc generated $28.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (25.3%) each year. All expenses for the organization totaled $34.2k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Idaho Medical Association Foundation Inc has awarded 48 individual grants totaling $215,782. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATIONS GOALS ARE TO:SUPPORT IDAHO MEDICAL EDUCATION AND RESIDENCY TRAINING THROUGH INDIVIDUAL SCHOLARSHIPS AND ORGANIZATIONAL CONTRIBUTIONS; SUPPORT LOAN REPAYMENT AND OTHER ACTIVITIES TO RECRUIT AND ENCOURAGE PHYSICIANS TO PRACTICE IN IDAHO; SUPPORT AND PROVIDE RESOURCES FOR PRACTICING PHYSICIANS TO IMPROVE THE QUALITY AND ACCESSIBILITY OF HEALTHCARE FOR IDAHO PATIENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION MADE EXPENDITURES FOR ITS PASS THROUGH ENTITY SUPPORTING THE PASS THROUGH ORGANIZATIONS STATED CHARITABLE PURPOSE. THE ENTITY CONTINUES TO DEVELOP FUNDING SOURCES AND STRATEGIES FOR SUPPORTING ITS OWN ORGANIZATIONAL OBJECTIVE WHICH IS TO ENHANCE THE AVAILABILITY AND QUALITY OF HEALTHCARE IN IDAHO.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Baringa MD Director | 1 | $0 | |
Crystal Pyrak MD Director | 1 | $0 | |
Beth Martin MD Director | 1 | $0 | |
Darby Justis MD Director | 1 | $0 | |
Susie P Keller Director | 1 | $0 | |
Keith Davis MD President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $15,950 |
| Interest on Savings | $8 |
| Dividends & Interest | $10,051 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,716 |
| Capital Gain Net Income | $2,716 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $28,725 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $762 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $141 |
| Total operating and administrative expenses | $3,178 |
| Contributions, gifts, grants paid | $31,000 |
| Total expenses and disbursements | $34,178 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $16,014 |
| 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 | $473,721 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $489,735 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| 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 | $0 |
Grants Awarded
Over the last fiscal year, Idaho Medical Association Foundation Inc has awarded $31,000 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
ADA COUNTY MEDICAL SOCIETY PURPOSE: SUPPORT MEDICAL PROFESSIONALS MENTAL HEALTH | $1,000 |
DEMSIE M BUTLER PURPOSE: AWARD- FUTURE PHYSICIAN OF IDAHO | $5,000 |
MEGAN PHELPS PURPOSE: AWARD- FUTURE PHYSICIAN OF IDAHO | $5,000 |
COLBY RAY BROWER PURPOSE: AWARD- FUTURE PHYSICIAN OF IDAHO | $5,000 |
JAKE R ARBON PURPOSE: AWARD- FUTURE PHYSICIAN OF IDAHO | $5,000 |
LOGAN R JONES PURPOSE: AWARD- FUTURE PHYSICIAN OF IDAHO | $5,000 |