Wichita Medical Research & Education Foundation
- Assets
- $7.9m
- Revenue
- $603.1k
- Investments
- $0.0
- Employees
- 2
- Location
- Wichita, KS
- Founding
- 06/1962
- Data as of
- 12/2021
- EIN
- 48-6117407
Organization Overview
Wichita Medical Research & Education Foundation is located in Wichita, KS. The organization was established in 1962. According to its NTEE Classification (H99) the organization is classified as: Medical Research N.E.C., under the broad grouping of Medical Research and related organizations. As of 12/2021, Wichita Medical Research & Education Foundation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wichita Medical Research & Education Foundation 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 12/2021, Wichita Medical Research & Education Foundation generated $603.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (7.3%) each year. All expenses for the organization totaled $403.3k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (8.6%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Wichita Medical Research & Education Foundation has awarded 22 individual grants totaling $157,150. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE RESEARCH, EDUCATION AND COMMUNITY EFFORTS DESIGNED TO IMPROVE THE HEALTH OF KANSANS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ETHICS CONFERENCE - ANNUAL ONE DAY CONFERENCE TO PROVIDE EDUCATION ON ETHICAL ISSUES AND DECISIONS IN THE HEALTHCARE ARENA.
GORE FARHA ENDOWED NURSING EDUCATION - AN ANNUAL 2 DAY SYMPOSIUM THAT PROVIDES EDUCATION IN THE LATEST CRITICAL CARE NURSING THRU A DYNAMIC & DIVERSE PROGRAM OF GUEST SPEAKERS IN KANSAS AND THE SURROUNDING REGION.
TOWNSEND SYMPOSIUM - ANNUAL NURSING CONFERENCE TO PROVIDE ADVANCED SPECIAL & CONTINUING EDUCATION FOR CORONARY CARE NURSES. A ONE DAY SYMPOSIUM EXPLORES STATE-OF-THE-ART TECHNOLOGIES FOR CARDIOVASCULAR PATIENTS.
VARIOUS OTHER PROGRAMS FOR THE PURPOSE OF MEDICAL RESEARCH AND EDUCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peggy Johnson Executive Director/coo | Officer | 40 | $83,373 |
Teresa Carter CFO | Officer | 40 | $57,299 |
Paula Delmore Rnc Msn Scientific Director | OfficerTrustee | 1 | $32,382 |
Alan Fearey MD President | OfficerTrustee | 1 | $0 |
Jason Barb CPA Fhfma Secretary/treasurer | OfficerTrustee | 1 | $0 |
James Delmore MD Medical Director | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $41,666 |
| All other contributions, gifts, grants, and similar amounts not included above | $32,234 |
| Noncash contributions included in lines 1a–1f | $3,600 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $73,900 |
| Total Program Service Revenue | $59,672 |
| Investment income | $150,855 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $318,671 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $603,098 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $10,000 |
| Grants and other assistance to domestic individuals. | $5,375 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $183,302 |
| Compensation of current officers, directors, key employees. | $89,335 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $13,025 |
| Other employee benefits | $22,497 |
| Payroll taxes | $11,068 |
| Fees for services: Management | $1,644 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,073 |
| Advertising and promotion | $3,462 |
| Office expenses | $19,662 |
| Information technology | $8,272 |
| Royalties | $0 |
| Occupancy | $12,222 |
| Travel | $499 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $51,105 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,224 |
| Insurance | $25,224 |
| All other expenses | $0 |
| Total functional expenses | $403,310 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,887 |
| Savings and temporary cash investments | $87,342 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $25,269 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $600 |
| Prepaid expenses and deferred charges | $6,835 |
| Net Land, buildings, and equipment | $80,273 |
| Investments—publicly traded securities | $7,658,123 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,867,329 |
| Accounts payable and accrued expenses | $102,446 |
| 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 | $102,446 |
| Net assets without donor restrictions | $3,373,325 |
| Net assets with donor restrictions | $4,391,558 |
| 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 | $7,867,329 |
Grants Awarded
Over the last fiscal year, Wichita Medical Research & Education Foundation has awarded $15,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Wichita, KS PURPOSE: MEDICAL RESEARCH AND ENVIRONMENTAL RESEARCH WITH HEALTH CONCERNS | $7,500 |
KANSAS UNIVERSITY ENDOWMENT PURPOSE: MEDICAL RESEARCH AND ENVIRONMENTAL RESEARCH WITH HEALTH CONCERNS | $7,500 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Wichita Medical Research & Education Foundation has recieved totaling $500.
| Awarding Organization | Amount |
|---|---|
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: EDUCATION | $500 |
Endowment Analysis
| Beg. Balance | $6,382,196 |
| Earnings | $763,458 |
| Admin Expense | $30,253 |
| Other Expense | $145,617 |
| Ending Balance | $6,969,784 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
International Association Of Assessing Officers Kansas City, MO | $8,352,276 | $4,892,120 |
Fractionation Research Inc Stillwater, OK | $7,018,117 | $4,169,009 |
Colorado Wheat Research Foundation Inc Fort Collins, CO | $552,396 | $3,293,864 |
Midwest Veterans Biomedical Research Foundation Kansas City, MO | $3,199,382 | $2,142,096 |
Saint Paul Vi Institute For The Study Of Human Reproduction Inc Omaha, NE | $6,177,216 | $2,457,723 |
Association Of Records Managers & Administrators Lees Summit, MO | $1,165,887 | $1,993,906 |
Realm Of Caring Foundation Inc Colorado Springs, CO | $636,138 | $1,085,312 |
Thomas N Lynn Institute For Healthcare Research Inc Oklahoma City, OK | $12,004,114 | $988,065 |
North American Primary Care Research Group Leawood, KS | $1,456,317 | $666,170 |
Interventional Orthopedics Foundation Denver, CO | $902,096 | $364,758 |
Veterans Research And Education Fou Ndation Oklahoma City, OK | $321,663 | $292,026 |
Wichita Medical Research & Education Foundation Wichita, KS | $7,867,329 | $603,098 |