Nesbitt Medical Student Foundation
- Assets
- $906.6k
- Revenue
- $124.9k
- Investments
- $906.6k
- Employees
- 0
- Location
- Evansville, IN
- Founding
- 10/1975
- Data as of
- 12/2021
- EIN
- 51-0171682
Organization Overview
Nesbitt Medical Student Foundation is located in Evansville, IN. The organization was established in 1975. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, 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. Nesbitt Medical Student 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, Nesbitt Medical Student Foundation generated $124.9k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 24.6% each year . All expenses for the organization totaled $65.0k during the year ending 12/2021. While expenses have increased by 2.5% per year over the past 4 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.
Since 2020, Nesbitt Medical Student Foundation has awarded 25 individual grants totaling $135,425. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIP GRANTS TO MEDICAL SCHOOL STUDENTS
SCHOLARSHIP GRANTS TO MEDICAL SCHOOL STUDENTS
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $18,454 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $106,466 |
| Capital Gain Net Income | $106,466 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $124,920 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $14,607 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $573 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $89 |
| Total operating and administrative expenses | $16,144 |
| Contributions, gifts, grants paid | $48,825 |
| Total expenses and disbursements | $64,969 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $906,621 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $906,621 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Nesbitt Medical Student Foundation has awarded $48,825 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
CHICAGO MEDICAL SCHOOL AT ROSALIND PURPOSE: SCHOLARSHIPS | $7,500 |
UNIVERSITY OF MASSACHUSETTS PURPOSE: SCHOLARSHIPS | $6,800 |
Evanston, IL PURPOSE: SCHOLARSHIPS | $6,800 |
Madison, WI PURPOSE: SCHOLARSHIPS | $6,425 |
CHICAGO MEDICAL SCHOOL AT ROSALIND PURPOSE: SCHOLARSHIPS | $6,200 |
GEORGE WASHINGTON UNIVERSITY PURPOSE: SCHOLARSHIPS | $4,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ozarks Coca-Cola Dr Pepper Bottling Company Group Health Care Trust Springfield, MO | $7,831,308 | $12,060,028 |
Ascension St John Foundation St Louis, MO | $103,759,239 | $15,321,918 |
Local Unions No 19 & 127 Health And Welfare Fund Milwaukee, WI | $5,120,951 | $9,222,695 |
Truman Medical Center Charitable Foundation Kansas City, MO | $28,332,798 | $9,393,864 |
St John Health System Foundation Inc St Louis, MO | $83,967,930 | $10,002,573 |
Mercy Health Foundation Springfield Springfield, MO | $38,275,531 | $1,985,040 |
Northern Illinois & Iowa Laborers Health & Welfare Trust Rock Island, IL | $41,445,522 | $10,740,192 |
Lions Insurance Company Indianapolis, IN | $32,736,482 | $6,324,847 |
Carle Cancer Institute Normal Llc Urbana, IL | $1,112,312 | $5,871,210 |
Health And Welfare Trust Estate For Shopmens Union 473 Of Ia Of Bs Oak Brook, IL | $3,246,436 | $6,783,158 |
Rosalind Franklin University Health Clinics North Chicago, IL | $2,094,803 | $3,540,211 |
Plumbers & Steamfitters Local Union 452 Health & Welfare Tr Fund Lexington, KY | $4,191,560 | $5,844,535 |