Canton Medical Education Foundation Inc
- Assets
- $478.6k
- Revenue
- $4.8m
- Investments
- $0.0
- Employees
- 69
- Location
- Canton, OH
- Founding
- 06/1978
- Data as of
- 12/2021
- EIN
- 34-1243260
Organization Overview
Canton Medical Education Foundation Inc is located in Canton, OH. The organization was established in 1978. As of 12/2021, Canton Medical Education Foundation Inc employed 69 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Canton Medical Education 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 12/2021, Canton Medical Education Foundation Inc generated $4.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.6% each year. All expenses for the organization totaled $4.8m during the year ending 12/2021. While expenses have increased by 0.6% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
FOUNDATION CONDUCTS MEDICAL EDUCATION PROGRAMS FOR STUDENTS AND PHYSICIANS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOUNDATION CONDUCTS MEDICAL EDUCATION PROGRAMS FOR STUDENTS AND PHYSICIANS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Bolyard MD Representati | Officer | $257,570 | |
Rama Narayanan MD Representati | Officer | $226,744 | |
Asha Chakka MD Representati | Officer | $203,068 | |
Kevin Frey MD Representati | Officer | $202,369 | |
Lewis Humble MD Representati | Officer | $201,400 | |
David Gormsen DO Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $4,567,766 |
| 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 | $4,567,766 |
| Total Program Service Revenue | $70,974 |
| Investment income | $49 |
| 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 | $4,754,625 |
| 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. | $1,147,459 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,322,819 |
| Pension plan accruals and contributions | $122,347 |
| Other employee benefits | $255,657 |
| Payroll taxes | $181,469 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $16,678 |
| Fees for services: Accounting | $14,510 |
| 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 | $0 |
| 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 | $10,793 |
| All other expenses | $92,196 |
| Total functional expenses | $4,752,253 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $381,606 |
| Savings and temporary cash investments | $84,810 |
| 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 | $6,720 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $4,484 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,000 |
| Total assets | $478,620 |
| Accounts payable and accrued expenses | $381,350 |
| 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 | $381,350 |
| Net assets without donor restrictions | $97,270 |
| 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 | $478,620 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American College Of Sports Medicine Inc Indianapolis, IN | $12,221,630 | $9,481,341 |
Canton Medical Education Foundation Inc Canton, OH | $478,620 | $4,754,625 |
Northeast Ohio Medical University Foundation Rootstown, OH | $32,750,103 | $4,627,290 |
Graduate Medical Education Inc Lansing, MI | $1,920,359 | $3,149,441 |
University Medical Foundation Inc Louisville, KY | $12,425,544 | $1,582,627 |
Pennsylvania Academy Of Family Physicians Foundation Harrisburg, PA | $496,377 | $1,343,074 |
Southeast Michigan Center For Medical Education Detroit, MI | $1,288,870 | $913,591 |
American College Of Sports Medicine Indianapolis, IN | $2,135,970 | $586,582 |
American College Of Sports Medicine Foundation Incorporated Indianapolis, IN | $4,709,616 | $682,964 |
State University Of New York Downstate Medical Center Tr Alu Pittsburgh, PA | $2,952,778 | $195,965 |
Lexington Clinic Foundation For Medical Education And Research Inc Lexington, KY | $676,643 | $195,952 |
Bryan Univ Of Toledo College Of Medicine Area Health Education Cen Bryan, OH | $135,361 | $0 |