The National Foundation For Alternative Medicine
- Assets
- $2.0m
- Revenue
- $357.8k
- Investments
- $1.5m
- Employees
- 0
- Location
- Loveland, CO
- Founding
- 11/1998
- Data as of
- 12/2023
- EIN
- 42-1471957
Organization Overview
The National Foundation For Alternative Medicine is located in Loveland, CO. The organization was established in 1998. According to its NTEE Classification (U50) the organization is classified as: Biological & Life Sciences, under the broad grouping of Science & Technology and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. National Foundation For Alternative Medicine 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, National Foundation For Alternative Medicine generated $357.8k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 26.3% each year . All expenses for the organization totaled $156.4k during the year ending 12/2023. While expenses have increased by 7.1% 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESEARCH - IDENTIFIES THE PROTOCOLS OF CLINICS THROUGHOUT THE WORLD WITH PRELIMINARY EVIDENCE OF EFFICACY & INITIATES CLINICAL RESEARCH TRIALS TO VERIFY THE CLINICS' CLAIMS
DEVELOPMENT - CREATES AN INTERNATIONAL NETWORK TO IDENTIFY PROMISING COMPLEMENTARY & ALTERNATIVE MEDICAL TREATMENTS FOR DISEASE & VALIDATE THE EFFECTIVENESS OF THESE PROTOCOLS.
FUNDRAISING - PROVIDE NECESSARY UPDATES TO EXISTING LITERATURE IN ORDER TO ALLOW THE ORGANIZATION TO SPREAD AWARENESS OF ITS MISSION IN AN EFFORT TO OBTAIN FINANCIAL SUPPORT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Berkley Bedell Chairman Of | 0 | $0 | |
Joanne Quinn Executive Di | 30 | $120,000 | |
Kenneth Bedell VP & Secreta | 0 | $0 | |
James Frost Treasurer | 0 | $0 | |
Phil Holstein Director | 0 | $0 | |
George Zabrecky Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $347,047 |
| Interest on Savings | $3,820 |
| Dividends & Interest | $58,685 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$51,719 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $357,833 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $120,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $10,643 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $18,490 |
| Total operating and administrative expenses | $156,443 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $156,443 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $146,563 |
| Savings and temporary cash investments | $320,365 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,955,586 |
| 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 |