Columbus Medical Association Foundation
- Assets
- $114.1m
- Revenue
- $935.3k
- Investments
- $110.9m
- Employees
- 21
- Location
- Columbus, OH
- Founding
- 07/1965
- Data as of
- 12/2021
- EIN
- 31-0679012
Organization Overview
Columbus Medical Association Foundation is located in Columbus, OH. The organization was established in 1965. According to its NTEE Classification (E03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Health Care and related organizations. As of 12/2021, Columbus Medical Association Foundation employed 21 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Columbus Medical Association Foundation 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 12/2021, Columbus Medical Association Foundation generated $935.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (11.6%) each year. All expenses for the organization totaled $3.3m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Columbus Medical Association Foundation has awarded 35 individual grants totaling $11,076,993. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THROUGH GRANT-MAKING, CMAF IMPROVES THE HEALTH OF RESIDENTS IN CENTRAL OHIO.
Describe the Organization's Program Activity:
THE COLUMBUS MEDICAL ASSOCIATION FOUNDATION EXISTS TO EFFECT CHANGE WITHIN SPECIFIC PRIORITY AREAS TO IMPROVE THE HEALTH OF ALL CENTRAL OHIO RESIDENTS.PRIORITIES: -TRANSFORMING CLINICAL HEALTHCARE DELIVERY -SUPPORTING AND IMPROVING HEALTHCARE SAFETY NET CLINICAL SERVICES TO UNINSURED AND UNDERINSURED POPULATIONS -SAVING AND IMPROVING LIVES THROUGH THE COORDINATION OF TRAUMA AND EMERGENCY HEALTHCARE RESOURCES -PROVIDING PHYSICIANS THE LEADERSHIP SKILLS TO FURTHER ENHANCE THE PATIENT/DOCTOR RELATIONSHIP
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert E Falcone MD CEO | Officer | 25 | $247,035 |
Laurie Hawkins Cfo/coo | Officer | 25 | $139,923 |
James L Nichols Secretary/treasurer | OfficerTrustee | 5 | $0 |
Marc L Parnes MD President | OfficerTrustee | 2 | $0 |
Karen King MD Vice President | OfficerTrustee | 1 | $0 |
Nedra Hadley Trustee | 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 | $47,055 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $47,055 |
| Total Program Service Revenue | $143,286 |
| Investment income | $681,957 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $48,616 |
| 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 | $935,267 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,708,500 |
| 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. | $407,983 |
| Compensation of current officers, directors, key employees. | $208,943 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $13,010 |
| Other employee benefits | $70,105 |
| Payroll taxes | $49,970 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,342 |
| Fees for services: Accounting | $44,302 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $345,441 |
| Fees for services: Other | $146,794 |
| Advertising and promotion | $0 |
| Office expenses | $62,314 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $250,867 |
| Travel | $3,780 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,396 |
| Interest | $4,624 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $182,627 |
| Insurance | $0 |
| All other expenses | $9,186 |
| Total functional expenses | $3,306,241 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $353,606 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $295,306 |
| 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 | $21,709 |
| Net Land, buildings, and equipment | $2,482,562 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $110,923,075 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $114,076,258 |
| Accounts payable and accrued expenses | $177,798 |
| 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 | $1,928,841 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $366,500 |
| Total liabilities | $2,473,139 |
| Net assets without donor restrictions | $110,176,263 |
| Net assets with donor restrictions | $1,426,856 |
| 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 | $114,076,258 |
Grants Awarded
Over the last fiscal year, Columbus Medical Association Foundation has awarded $1,650,500 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Columbus, OH PURPOSE: TO PROVIDE FREE PRIMARY & SPECIALTY MEDICAL CARE FOR THE UNINSURED AND UNDERSERVED | $761,500 |
Columbus, OH PURPOSE: TO SUPPORT ITS CORE SERVICES | $340,000 |
Columbus, OH PURPOSE: TO SUPPORT ITS CORE SERVICES | $300,000 |
Columbus, OH PURPOSE: TO EDUCATE PHYSICIANS THROUGH LEADERSHIP TRAINING | $249,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Columbus Medical Association Foundation has recieved totaling $14,000.
| Awarding Organization | Amount |
|---|---|
Community Foundations Inc Columbus, OH PURPOSE: HEALTH | $14,000 |
Endowment Analysis
| Beg. Balance | $2,296,037 |
| Earnings | -$31,754 |
| Admin Expense | $17,131 |
| Net Contributions | $35,813 |
| Grants | $21,961 |
| Ending Balance | $2,261,004 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hospital & Healthsystem Association Of Pennsylvania Inc Harrisburg, PA | $39,402,736 | $15,435,491 |
Indiana Hospital Association Inc Indianapolis, IN | $14,217,273 | $13,385,165 |
The Saturday Evening Post Society Inc Indianapolis, IN | $49,329,518 | $11,274,580 |
National Church Residences Columbus, OH | $6,772,830 | $11,332,666 |
Pennsylvania Medical Society Mechanicsburg, PA | $213,365,446 | $23,943,781 |
Greater Dayton Area Hospital Assoc Dayton, OH | $5,189,718 | $9,300,133 |
Rtog Foundation Inc Philadelphia, PA | $10,342,373 | $6,561,535 |
Michigan Nurses Association Okemos, MI | $27,717,414 | $8,418,016 |
Clinical And Laboratory Standards Institute Malvern, PA | $16,915,959 | $9,183,918 |
Michigan Dental Association Okemos, MI | $14,871,690 | $7,368,661 |
Michigan State Medical Society East Lansing, MI | $15,401,993 | $5,010,247 |
Ohio Nurses Association Hilliard, OH | $4,406,486 | $4,396,631 |