Medical Education Resources Initiative For Teens Inc
- Assets
- $2.1m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 8
- Location
- Baltimore, MD
- Founding
- 10/2014
- Data as of
- 08/2021
- EIN
- 47-1139530
Organization Overview
Medical Education Resources Initiative For Teens Inc is located in Baltimore, MD. The organization was established in 2014. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. As of 08/2021, Medical Education Resources Initiative For Teens Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Medical Education Resources Initiative For Teens 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 08/2021, Medical Education Resources Initiative For Teens Inc generated $1.1m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 2.9% each year. All expenses for the organization totaled $795.4k during the year ending 08/2021. While expenses have increased by 12.0% per year over the past 5 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
MEDICAL EDUCATION RESOURCES INITIATIVE FOR TEENS (MERIT) AIMS TO ELIMINATE HEALTH CARE DISPARITIES BY TRANSFORMING UNDER-REPRESENTED HIGH SCHOOL STUDENTS INTO HEALTH CARE LEADERS. TO ACCOMPLISH THESE GOALS, MERIT PROVIDES SUPPORT AND OPPORTUNITIES TO STUDENTS THROUGH MIDDLE SCHOOL, HIGH SCHOOL, COLLEGE, AND BEYOND. THIS SUPPORT INCLUDES RIGOROUS ACADEMIC CLASSES, INTENSIVE MENTORSHIP, COLLEGE COUNSELING, HEALTH CAREER INTERNSHIPS, AND MORE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MERIT PROVIDES HOLISTIC SUPPORT FOR HIGH SCHOOL AND MIDDLE SCHOOL STUDENTS WHO ASPIRE TO BECOME HEALTH CARE PROFESSIONALS. 100% OF THE SCHOLARS IN THE HIGH SCHOOL PROGRAM LAST YEAR WERE ACCEPTED TO 4-YEAR UNIVERSITIES, SAT SCORES GREW, AND EVERY SCHOLAR REPORTED AN INCREASED DESIRE TO PURSUE A CAREER IN HEALTH CARE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jacob Weinfeld Edm Executive Director | Officer | 40 | $93,924 |
Brian Mcdonald Treasurer | OfficerTrustee | 2 | $0 |
Rudy Ruiz Vice Chair | OfficerTrustee | 2 | $0 |
Dr Sherita Golden Chair | OfficerTrustee | 2 | $0 |
Chitamawe Daka Mulwanda Member | Trustee | 1 | $0 |
Shyam Gadwal Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $568,671 |
| All other contributions, gifts, grants, and similar amounts not included above | $498,513 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,067,184 |
| Total Program Service Revenue | $0 |
| Investment income | $216 |
| 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 | $1,067,500 |
| 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. | $112,687 |
| Compensation of current officers, directors, key employees. | $19,010 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $189,113 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $61,493 |
| Payroll taxes | $21,454 |
| Fees for services: Management | $38,608 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $20,300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $224,780 |
| Advertising and promotion | $0 |
| Office expenses | $27,710 |
| Information technology | $11,467 |
| Royalties | $0 |
| Occupancy | $37,290 |
| Travel | $6,238 |
| 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 | $9,564 |
| Insurance | $2,506 |
| All other expenses | $2,852 |
| Total functional expenses | $795,380 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,539,564 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $239,038 |
| Accounts receivable, net | $234,310 |
| 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 | $10,925 |
| Net Land, buildings, and equipment | $75,137 |
| Investments—publicly traded securities | $15,366 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,400 |
| Total assets | $2,116,740 |
| Accounts payable and accrued expenses | $36,458 |
| 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 | $5,139 |
| Other liabilities | $31,249 |
| Total liabilities | $72,846 |
| Net assets without donor restrictions | $1,943,894 |
| Net assets with donor restrictions | $100,000 |
| 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 | $2,116,740 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Medical Education Resources Initiative For Teens Inc has recieved totaling $243,080.
| Awarding Organization | Amount |
|---|---|
The Harry & Jeanette Weinberg Foundation Inc Owings Mills, MD PURPOSE: TO SUPPORT A COMPREHENSIVE ACADEMIC AND CAREER MENTORSHIP PROGRAM SUPPORTING BALTIMORE CITY HIGH SCHOOL STUDENTS WHO ASPIRE TO CAREERS IN HEALTHCARE. | $150,000 |
Associated Jewish Charities Of Baltimore Baltimore, MD PURPOSE: GENERAL SUPPORT | $32,500 |
The United Way Of Central Maryland Inc Baltimore, MD PURPOSE: DESIGNATED AND OR GRANTED IN SUPPORT OF AGENCY PROGRAMS | $17,943 |
Henry And Ruth Blaustein Rosenberg Foundation Baltimore, MD PURPOSE: GENERAL SUPPORT | $15,000 |
David And Barbara B Hirschhorn Foundation Inc Baltimore, MD PURPOSE: GENERAL SUPPORT | $15,000 |
David And Barbara B Hirschhorn Foundation Inc Baltimore, MD PURPOSE: GENERAL SUPPORT | $12,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Aspira Inc Of Pennsylvania Philadelphia, PA | $16,896,454 | $35,689,519 |
Generation - You Employed Inc Washington, DC | $32,196,758 | $17,956,702 |
Young Americas Foundation Reston, VA | $108,030,545 | $39,445,693 |
Partnership For A Healthier America Inc Washington, DC | $8,156,675 | $7,675,528 |
Washington Nationals Philanthropies Washington, DC | $8,857,322 | $4,334,499 |
Peaceplayers International Washington, DC | $2,663,713 | $3,827,781 |
Impact Living Services Forest, VA | $3,151,473 | $6,118,517 |
Service Year Exchange Inc Washington, DC | $7,358,910 | $7,347,919 |
Richmond First Tee Richmond, VA | $10,036,196 | $3,399,029 |
Breakfree Education Columbia, MD | $2,710,082 | $3,378,734 |
Us Dream Academy Inc Silver Spring, MD | $1,470,975 | $3,095,850 |
Gwens Girls Incorporated Pittsburgh, PA | $4,688,036 | $4,701,406 |