Medserve Foundation Inc
- Assets
- $9.1m
- Revenue
- $733.8k
- Investments
- $8.8m
- Employees
- 0
- Location
- Rockville, MD
- Founding
- 10/1995
- Data as of
- 12/2021
- EIN
- 52-1934323
Organization Overview
Medserve Foundation Inc is located in Rockville, MD. The organization was established in 1995. According to its NTEE Classification (Q30) the organization is classified as: International Development, under the broad grouping of International, Foreign Affairs & National Security and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Medserve Foundation Inc 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, Medserve Foundation Inc generated $733.8k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 15.4% each year . All expenses for the organization totaled $420.0k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Medserve Foundation Inc has awarded 48 individual grants totaling $316,044. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Isfundyar Choudry President & CEO | 40 | $224,538 | |
Mubashar A Choudry Director | 1 | $0 | |
Minahill Meelu Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $35,000 |
| Interest on Savings | $223 |
| Dividends & Interest | $51,622 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $646,908 |
| Capital Gain Net Income | $646,908 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $733,753 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $224,538 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $14,974 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $423 |
| Printing and publications | $0 |
| Other expenses | $23,282 |
| Total operating and administrative expenses | $298,853 |
| Contributions, gifts, grants paid | $121,160 |
| Total expenses and disbursements | $420,013 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $225,355 |
| 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 | $20,655 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $8,844,871 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $9,090,881 |
| 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 | $271 |
| Total liabilities | $271 |
Grants Awarded
Over the last fiscal year, Medserve Foundation Inc has awarded $121,160 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
DISCOVER STUDENT LOANS PURPOSE: EDUCATION | $25,518 |
Farmington, CT PURPOSE: SOCIAL | $20,000 |
Westmont, IL PURPOSE: HEALTH AND MEDICAL | $17,000 |
JOHN HOPKINS UNIVERSITY MEDICINE PURPOSE: HEALTH & MEDICAL | $15,000 |
HUMANITY FIRST SERVING MANKIND PURPOSE: SOCIAL | $15,000 |
Silver Spring, MD PURPOSE: EDUCATIONAL, HEALTH AND MEDICAL, RELIGIOUS | $12,204 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
International Foundation For Electoral Systems Arlington, VA | $29,872,159 | $76,376,806 |
Kingsway Charities Inc Bristol, VA | $22,739,501 | $63,381,174 |
Operation Smile Inc Virginia Beach, VA | $94,902,554 | $85,245,515 |
Aga Khan Foundation Usa Washington, DC | $514,583,753 | $79,966,800 |
Internet Society Reston, VA | $66,935,347 | $44,092,152 |
Ashoka Arlington, VA | $82,475,010 | $42,522,077 |
New Israel Fund Washington, DC | $34,542,949 | $49,845,790 |
Handicap International Silver Spring, MD | $15,927,332 | $32,015,204 |
Rainforest Trust Warrenton, VA | $101,886,271 | $70,481,732 |
U S Dairy Export Council Inc Arlington, VA | $16,612,208 | $30,970,567 |
Hope International Lancaster, PA | $24,473,719 | $28,112,600 |
Inmed Partnerships For Children Inc Sterling, VA | $1,243,329 | $2,714,257 |