Medical Ministries Inc
- Assets
- $126.2k
- Revenue
- $211.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Warwick, RI
- Founding
- 04/2015
- Data as of
- 05/2020
- EIN
- 47-2062464
Organization Overview
Medical Ministries Inc is located in Warwick, RI. The organization was established in 2015. According to its NTEE Classification (E32) the organization is classified as: Community Clinics, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Medical Ministries 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 05/2020, Medical Ministries Inc generated $211.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (4.9%) each year. All expenses for the organization totaled $270.7k during the year ending 05/2020. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
HEALTH CARE SERVICES PROVIDED TO THE UNDERSERVED POPULATIONS IN RURAL & ECONOMICALLY DEPRESSED AREAS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRIMARY & PREVENTATIVE HEALTH CARE SERVICES PROVIDED TO THE UNDERSERVED POPULATIONS IN RURAL & ECONOMICALLY DEPRESSED AREAS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rebecca Banks President | OfficerTrustee | 40 | $96,000 |
Scott Sauer Treasurer | OfficerTrustee | 40 | $69,231 |
Timothy J Bowman Director | OfficerTrustee | 1.5 | $0 |
Thomas J Bowman Director | OfficerTrustee | 1.5 | $0 |
Reverend Julius Mcdowell Vice President | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $198,711 |
| Investment income | $0 |
| 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 | $211,534 |
| Statement of Expenses | |
|---|---|
| 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. | $48,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $28,050 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $9,350 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $38,627 |
| 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 | $1,842 |
| Insurance | $1,437 |
| All other expenses | $4,783 |
| Total functional expenses | $270,728 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $125,091 |
| Savings and temporary cash investments | $0 |
| 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 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $126,231 |
| 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 | $192,563 |
| Other liabilities | $0 |
| Total liabilities | $192,563 |
| Net assets without donor restrictions | -$66,332 |
| 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 |
| Total liabilities and net assets/fund balances | -$66,332 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Medical Ministries Inc has recieved totaling $726,746.
| Awarding Organization | Amount |
|---|---|
Americares Foundation Inc Stamford, CT PURPOSE: ONGOING | $363,373 |
Americares Foundation Inc Stamford, CT PURPOSE: ONGOING | $363,373 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Riverbend Medical Group Inc Hartford, CT | $29,434,507 | $79,136,348 |
The Providence Community Health Centers Inc Providence, RI | $92,213,963 | $88,659,107 |
Signature Healthcare Medical Group Inc Brockton, MA | $35,048,796 | $73,463,169 |
Harbor Health Services Inc Mattapan, MA | $64,061,825 | $83,480,728 |
Greater Lawrence Family Health Center Inc Methuen, MA | $53,771,821 | $80,885,581 |
Cornell Scott Hill Health Corporation New Haven, CT | $53,591,940 | $82,156,450 |
Lynn Community Health Inc Lynn, MA | $37,031,099 | $77,579,888 |
Brockton Neighborhood Health Center Inc Brockton, MA | $39,658,697 | $59,119,729 |
Lowell Community Health Center Inc Lowell, MA | $88,154,778 | $59,766,224 |
Mhs Primary Care Inc Middletown, CT | $15,353,098 | $33,843,223 |
Codman Square Health Center Inc Dorchester, MA | $53,827,018 | $55,977,934 |
South-West Community Health Center Inc Bridgeport, CT | $31,905,699 | $50,188,617 |