Wichita Medical Research & Education Foundation
- Assets
- $6.5m
- Revenue
- $293.0k
- Investments
- $0.0
- Employees
- 2
- Location
- Wichita, KS
- Founding
- 06/1962
- Data as of
- 12/2022
- 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 12/2022, 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 12/2022, Wichita Medical Research & Education Foundation generated $293.0k 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 (14.5%) each year. All expenses for the organization totaled $414.0k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (7.2%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Wichita Medical Research & Education Foundation has awarded 24 individual grants totaling $178,650. 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
2022
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.
VARIOUS OTHER PROGRAMS FOR THE PURPOSE OF MEDICAL RESEARCH AND EDUCATION.
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alan Fearey MD President | OfficerTrustee | 1 | $0 |
Jason Barb CPA Fhfma Secretary/treasurer | OfficerTrustee | 1 | $0 |
Paula Delmore Rnc Msn Scientific Director | OfficerTrustee | 1 | $0 |
James Delmore MD Medical Director | OfficerTrustee | 1 | $0 |
Richard Muma PHD MPH Board Member | Trustee | 1 | $0 |
Bill Hendry PHD Board Member | Trustee | 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 | $50,692 |
| Noncash contributions included in lines 1a–1f | $3,600 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $50,692 |
| Total Program Service Revenue | $74,095 |
| Investment income | $82,657 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $85,519 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $292,963 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $37,800 |
| Grants and other assistance to domestic individuals. | $17,912 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $155,925 |
| Compensation of current officers, directors, key employees. | $111,858 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $13,747 |
| Other employee benefits | $24,712 |
| Payroll taxes | $11,371 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,050 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,067 |
| Advertising and promotion | $0 |
| Office expenses | $15,668 |
| Information technology | $7,534 |
| Royalties | $0 |
| Occupancy | $11,718 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $73,903 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,165 |
| Insurance | $18,720 |
| All other expenses | $0 |
| Total functional expenses | $413,989 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,690 |
| Savings and temporary cash investments | $70,403 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,768 |
| 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 | $6,453 |
| Net Land, buildings, and equipment | $86,200 |
| Investments—publicly traded securities | $6,332,934 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,512,048 |
| Accounts payable and accrued expenses | $98,494 |
| 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 | $98,494 |
| Net assets without donor restrictions | $2,027,539 |
| Net assets with donor restrictions | $4,386,015 |
| 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 | $6,512,048 |
Grants Awarded
Over the last fiscal year, Wichita Medical Research & Education Foundation has awarded $21,500 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
KS UNIVERSITY SCHOOL OF MEDICINE WICHITA PURPOSE: EDUCATIOANL SYMPSOIUM SPONSORSHIP AND MEDICAL RESEARCH GRANT | $13,500 |
MASONIC CANCER ALLIANCE KU ENDOWMENT PURPOSE: EDUCATIOANL SYMPSOIUM SPONSORSHIP | $8,000 |