Maryland Hospital Education And Research Foundation Incorporated
- Assets
- $970.7k
- Revenue
- $999.2k
- Investments
- $312.8k
- Employees
- 4
- Location
- Elkridge, MD
- Founding
- 10/1968
- Data as of
- 12/2020
- EIN
- 52-0901664
Organization Overview
Maryland Hospital Education And Research Foundation Incorporated is located in Elkridge, MD. The organization was established in 1968. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. As of 12/2021, Maryland Hospital Education And Research Foundation Incorporated employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Maryland Hospital Education And Research Foundation Incorporated 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 12/2020, Maryland Hospital Education And Research Foundation Incorporated generated $999.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (6.6%) each year. All expenses for the organization totaled $954.6k during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (15.4%) 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE SEMINARS & PUBLICATIONS FOR MEMBER HOSPITAL PERSONNEL & OTHER HEALTHCARE ORGANIZATIONS TO PROMOTE OPERATIONAL IMPROVEMENT IN HOSPITALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEMINARS, CONSULTING AND PUBLICATIONS FOR MEMBER HOSPITAL PERSONNEL AND OTHER HEALTHCARE ORGANIZATIONS PERTAINING TO THE HEALTHCARE FIELD, PROMOTING OPERATIONAL IMPROVEMENTS IN HOSPITALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark S Rulle Edd President | Officer | 37.5 | $215,766 |
Lyndley O'dell Program Consultant | 37.5 | $102,178 | |
Jill Donaldson Board Chair | OfficerTrustee | 5 | $0 |
Ibrahim Hanna MD Facs Vice Chair/secretary | OfficerTrustee | 5 | $0 |
Sunil Madan MD Cpe Facep Director | Trustee | 1 | $0 |
Terry Lovell Mas Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $273,803 |
| Investment income | $11,360 |
| 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 | $999,175 |
| Statement of Expenses | |
|---|---|
| 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. | $256,140 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $239,144 |
| Pension plan accruals and contributions | $14,277 |
| Other employee benefits | $60,014 |
| Payroll taxes | $32,877 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| 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 | $706 |
| Information technology | $14,022 |
| Royalties | $0 |
| Occupancy | $54,348 |
| Travel | $3,204 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $690 |
| Interest | $669 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,460 |
| Insurance | $3,512 |
| All other expenses | $0 |
| Total functional expenses | $954,586 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $254,337 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $51,250 |
| 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 | $9,097 |
| Investments—publicly traded securities | $328,484 |
| Investments—other securities | $312,763 |
| Investments—program-related | $0 |
| Intangible assets | $7,443 |
| Other assets | $4,494 |
| Total assets | $970,746 |
| Accounts payable and accrued expenses | $61,784 |
| Grants payable | $0 |
| Deferred revenue | $75,926 |
| 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 | $27,584 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $165,294 |
| 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 |
| Total liabilities and net assets/fund balances | $805,452 |
Grants Awarded
Over the last fiscal year, Maryland Hospital Education And Research Foundation Incorporated has awarded $1,832,358 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
MARYLAND ORGANIZATION OF NURSE LEADERS PURPOSE: SUPPORT EXPANSION OF THE MONL PILOT PROGRAM TO ALL MD HOSPITALS INTERESTED IN PARTICIPATING. | $1,808,491 |
Towson, MD PURPOSE: INCREASE NUMBER OF GRADUATING NURSES IN MARYLAND | $28,453 |
Salisbury, MD PURPOSE: INCREASE NUMBER OF GRADUATING NURSES IN MARYLAND - RETURN OF UNSPENT FUNDS | -$2,041 |
Bowie, MD PURPOSE: RETURN OF UNSPENT FUNDSINCREASE NUMBER OF GRADUATING NURSES IN MARYLAND - RETURN OF UNSPENT FUNDS | -$2,545 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Maryland Hospital Education And Research Foundation Incorporated has recieved totaling $300,000.
| Awarding Organization | Amount |
|---|---|
Adventist Healthcare Inc Gaithersburg, MD PURPOSE: NINTH SEMI-ANNUAL PAYMENT OF $150,000; TENTH SEMI-ANNUAL PAYMENT OF $150,000 - INITIATIVES THAT FOSTER COLLABORATIONS, PROMOTES HEALTHCARE CAREERS AND POLICY ADVOCACY | $300,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Via Affiliates Doylestown, PA | $20,467,499 | $60,672,147 |
Dorothy Rider Pool Health Care Tr Uw L P Pool No 8 76431 Pittsburgh, PA | $33,435 | $17,533,563 |
West Virginia University Hospitals East Inc Martinsburg, WV | $676,755 | $63,515,006 |
Bricklayers And Allied Craftworkers International Health Fund Washington, DC | $54,125,903 | $67,880,287 |
Corvesta Inc Roanoke, VA | $82,180,783 | -$1,235,003 |
Ufcw Local 1776 & Participating Employers Health & Welfare Fund Plymouth Meeting, PA | $60,321,476 | $63,078,058 |
Inova Health System Foundation Fairfax, VA | $6,680,265,525 | $824,217,139 |
Five Pointe Professional Liability Insurance Company Wilmington, DE | $241,906,004 | $45,761,537 |
Childrens Hospital Pittsburgh Foundation Pittsburgh, PA | $343,464,938 | $65,119,589 |
Steamfitters Local 449 Medical & Benefit Fund Harmony, PA | $89,351,885 | $44,512,937 |
Childrens Health System Inc Norfolk, VA | $122,433,385 | $34,959,405 |
The Erm Group Health & Welfare Trust Malvern, PA | $0 | $29,217,705 |