Delaware Medical Education Foundation Ltd
- Assets
- $399.1k
- Revenue
- $1.1m
- Investments
- $263.5k
- Employees
- 0
- Location
- Middletown, DE
- Founding
- 06/1996
- Data as of
- 12/2023
- EIN
- 51-0343625
Organization Overview
Delaware Medical Education Foundation Ltd is located in Middletown, DE. The organization was established in 1996. According to its NTEE Classification (E99) the organization is classified as: Health Care N.E.C., 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. Delaware Medical Education Foundation Ltd 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 12/2023, Delaware Medical Education Foundation Ltd generated $1.1m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 55.0% each year . All expenses for the organization totaled $1.1m during the year ending 12/2023. While expenses have increased by 43.5% per year over the past 9 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 2022, Delaware Medical Education Foundation Ltd has awarded 25 individual grants totaling $1,027,284. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO IMPROVE AND EXPAND THE CONTINUING MEDICAL EDUCATION PROGRAM, PROVIDING DELAWARE PHYSICIANS WITH UP-TO-THE-MINUTE CLINICAL INFORMATION IN THE EVER-CHANGING FIELD OF MEDICAL SCIENCE, TO SPONSOR PROGRAMS TO EDUCATE THE PUBLIC ON MEDICAL ISSUES, AND TO ADMINISTER THE PHYSICIAN'S HEALTH PROGRAM IN CONJUNCTION WITH THE DELAWARE BOARD OF MEDICAL PRACTICE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IMPROVING AND EXPANDING THE CONTINUING MEDICAL EDUCATION PROGRAM, PROVIDING DELAWARE PHYSICIANS WITH UP-TO-THE-MINUTE CLINICAL INFORMATION IN THE EVER-CHANGING FIELD OF MEDICAL SCIENCE, SPONSORING PROGRAMS TO EDUCATE THE PUBLIC ON MEDICAL ISSUES, AND ADMINISTERING THE PHYSICIAN'S HEALTH PROGRAM IN CONJUNCTION WITH THE DELAWARE BOARD OF MEDICAL PRACTICE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian Levine MD Chairman | OfficerTrustee | 5 | $0 |
Jeremy Axe MD Secretary | OfficerTrustee | 5 | $0 |
Michael Pushkarewicz MD Treasurer | OfficerTrustee | 5 | $0 |
Morgan Castiglione MD Board Member | Trustee | 5 | $0 |
Bryan Choi MD Board Member | Trustee | 5 | $0 |
Justin Connor MD Board Member | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $3,850 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,066,235 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,070,085 |
| Total Program Service Revenue | $0 |
| Investment income | $13,766 |
| 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 | $1,083,851 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,057,000 |
| 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. | $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 | $8,260 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,080 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $410 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,070,750 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $135,659 |
| 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 | $0 |
| Investments—other securities | $263,475 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $399,134 |
| Accounts payable and accrued expenses | $1,451 |
| 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 | $1,451 |
| Net assets without donor restrictions | $211,504 |
| Net assets with donor restrictions | $186,179 |
| 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 | $399,134 |
Grants Awarded
Over the last fiscal year, Delaware Medical Education Foundation Ltd has awarded $1,027,284 in support to 25 organizations.
| Grant Recipient | Amount |
|---|---|
FRIENDS & FAMILY PRACTICE PURPOSE: EDUCATIONAL PROGRAM REBOOT | $29,412 |
STONEY BATTER FAMILY MEDICINE ASSOCIATES PA PURPOSE: EDUCATIONAL PROGRAM REBOOT. | $47,059 |
GLASSNER FAMILY PRACTICE PURPOSE: EDUCATIONAL PROGRAM REBOOT | $29,412 |
WILLIAM FUNK MD PURPOSE: EDUCATIONAL PROGRAM REBOOT | $29,412 |
TOTAL CARE PHYSICIANS PURPOSE: EDUCATIONAL PROGRAM REBOOT | $47,059 |
NICHOLAS BIASOTTO MD PURPOSE: EDUCATIONAL PROGRAM REBOOT | $29,412 |