Nebraska Medical Education Fund Inc
- Assets
- $1.0m
- Revenue
- $61.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Tabor, IA
- Founding
- 01/1961
- Data as of
- 01/2021
- EIN
- 47-6033773
Organization Overview
Nebraska Medical Education Fund Inc is located in Tabor, IA. The organization was established in 1961. According to its NTEE Classification (W60) the organization is classified as: Financial Institutions, under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nebraska Medical Education Fund 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 01/2021, Nebraska Medical Education Fund Inc generated $61.4k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.2%) each year. All expenses for the organization totaled $54.6k during the year ending 01/2021. As we would expect to see with falling revenues, expenses have declined by (16.0%) per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE SCHOLARSHIPS TO ASSIST WORTHY AND NEEDY STUDENTS IN THE MEDICAL PROFESSION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS TO ASSIST WORTHY AND NEEDY STUDENTS WERE GIVEN TO THE UNIVERSITY OF NEBRASKA COLLEGE OF MEDICINE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Paige Berryman Vice President | OfficerTrustee | 2 | $0 |
Dr Timothy Wahl President | OfficerTrustee | 2 | $0 |
Dr Andrew Wahl Secretay/treasurer | OfficerTrustee | 2 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $48,484 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $12,872 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $61,356 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $50,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $3,000 |
| 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 | $1,475 |
| 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 | $27 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $101 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $54,603 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $42,899 |
| 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 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $973,158 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,016,057 |
| 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 | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $1,016,057 |
| Total liabilities and net assets/fund balances | $1,016,057 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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American Association Of Individual Investors Chicago, IL | $3,907,493 | $7,934,060 |
Midwestern University Foundation Downers Grove, IL | $61,061,640 | $1,129,249 |
Iowa Independent Bankers Des Moines, IA | $1,000,484 | $761,605 |
Akiptan Eagle Butte, SD | $12,395,517 | $6,864,410 |
Necog Development Corporation Aberdeen, SD | $6,194,288 | $1,010,155 |
Henry Strong Educational Foundation Po Box Chicago, IL | $14,214,951 | $483,093 |
Illinois Ventures For Community Action Springfield, IL | $7,084,723 | $38,041 |
Northwest Wisconsin Business Development Corporation Spooner, WI | $4,387,654 | $89,093 |
Beyond Housing Nhs Community Lending Corporation St Louis, MO | $1,585,039 | $74,753 |
Contractor Loan Fund Inc Saint Louis, MO | $0 | $5,146 |
Nebraska Medical Education Fund Inc Tabor, IA | $1,016,057 | $61,356 |