University Of Missouri Medical School Foundation Incorporated
- Assets
- $5.0m
- Revenue
- $139.6k
- Investments
- $3.0m
- Employees
- 0
- Location
- Columbia, MO
- Founding
- 05/1959
- Data as of
- 03/2023
- EIN
- 43-6036792
Organization Overview
University Of Missouri Medical School Foundation Incorporated is located in Columbia, MO. The organization was established in 1959. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. University Of Missouri Medical School Foundation Incorporated 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 03/2023, University Of Missouri Medical School Foundation Incorporated generated $139.6k 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 (8.1%) each year. All expenses for the organization totaled $112.5k during the year ending 03/2023. As we would expect to see with falling revenues, expenses have declined by (9.6%) per year over the past 8 years. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION PROMOTES AND FURTHERS MEDICAL EDUCATION AT THE UNIVERSITY OF MISSOURI-COLUMBIA MEDICAL SCHOOL AND PROVIDES SUPPORT IN THE FORM OF STUDENT LOANS, SCHOLARSHIPS AND OTHER RELATED ACTIVITES AND FUNCTIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE UNIVERSITY OF MISSOURI-COLUMBIA MEDICAL SCHOOL FOUNDATION, INC. PROMOTES AND FURTHERS MEDICAL EDUCATION AT THE UMC MEDICAL SCHOOL. THE FOUNDATION PROVIDES SUPPORT MAINLY THROUGH LOANS, SCHOLARSHIPS AND OTHER RELATED ACTIVITIES PERTAINING TO MEDICAL EDUCATION AND HEALTH CARE RELATED ACTIVITIES AND FUNCTIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ted Groshong MD President | OfficerTrustee | 0.5 | $0 |
Mary Dohrmann MD Secretary | OfficerTrustee | 0.1 | $0 |
Steve Daniels MD Vice President | OfficerTrustee | 0.1 | $0 |
R Wade Schondelmeyer MD Board Member | Trustee | 0.1 | $0 |
Angela R Stewart MD Board Member | Trustee | 0.1 | $0 |
John Duff MD Board Member | Trustee | 0.1 | $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 | $35,376 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $35,376 |
| Total Program Service Revenue | $6,545 |
| Investment income | $8,308 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $88,197 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $139,596 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $40,292 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| 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 | $15,015 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $36,328 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $654 |
| 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 | $2,145 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $112,457 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $899,054 |
| Savings and temporary cash investments | $815,134 |
| 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 | $0 |
| Investments—other securities | $3,046,726 |
| Investments—program-related | $267,273 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,028,187 |
| 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 | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $787,834 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $4,240,353 |
| Total liabilities and net assets/fund balances | $5,028,187 |