Corporation For Advancement Of Medical Technologies
- Assets
- $930.2k
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 9
- Location
- Boston, MA
- Founding
- 08/1998
- Data as of
- 12/2021
- EIN
- 52-2079827
Organization Overview
Corporation For Advancement Of Medical Technologies is located in Boston, MA. The organization was established in 1998. As of 12/2021, Corporation For Advancement Of Medical Technologies employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Corporation For Advancement Of Medical Technologies 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, Corporation For Advancement Of Medical Technologies generated $1.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.4% each year. All expenses for the organization totaled $763.9k during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE LEADERSHIP IN EXPEDITING ADVANCES IN PROSTATE CANCER CARE THRU AWARENESS & RESEARCH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESEARCH- THE ORGANIZATION IDENTIFIES FUNDS AND ADMINISTERS RESEARCH & DEVELOPMENT PROJECTS CONDUCTED AT LEADING ACADEMIC AND INDUSTRIAL INSTITUTIONS TO EXPEDITE THE ADVANCEMENT OF TECHNOLOGIES THAT IMPROVE DIAGNOSIS AND TREATMENT OF LIFE THREATENING DISEASES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Faina Shtern MD President | OfficerTrustee | 40 | $177,884 |
Carolyn Reul Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $829,600 |
| All other contributions, gifts, grants, and similar amounts not included above | $12,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $841,600 |
| Total Program Service Revenue | $424,957 |
| Investment income | $0 |
| 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 | $1,270,027 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $177,884 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $157,616 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $26,405 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $25,000 |
| 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 | $19,136 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $46,179 |
| Travel | $17 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,665 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $682 |
| Insurance | $6,601 |
| All other expenses | $0 |
| Total functional expenses | $763,895 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $865,623 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $63,899 |
| 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 | $682 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $930,204 |
| Accounts payable and accrued expenses | $25,601 |
| 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 | $25,601 |
| Net assets without donor restrictions | $904,603 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $930,204 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Corporation For Advancement Of Medical Technologies has recieved totaling $200,000.
| Awarding Organization | Amount |
|---|---|
National Philanthropic Tr Jenkintown, PA PURPOSE: HEALTH | $100,000 |
National Philanthropic Tr Jenkintown, PA PURPOSE: HEALTH | $100,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Boston Va Research Institute Inc Boston, MA | $30,681,512 | $10,948,061 |
Ocean State Research Institute Inc Providence, RI | $2,864,500 | $5,112,381 |
Nassau Health Care Foundation Inc East Meadow, NY | $5,049,363 | $1,757,395 |
Veterans Health Research Institute Of Central New York Inc Syracuse, NY | $983,260 | $1,749,781 |
Reliant Foundation Inc Worcester, MA | $31,984,712 | $1,697,308 |
Corporation For Advancement Of Medical Technologies Boston, MA | $930,204 | $1,270,027 |
Carl J Shapiro Institute For Education & Research At Harvard Boston, MA | $3,890,734 | $298,980 |
Mcgrorty Foundation Inc Brewster, NY | $4,472,622 | $572,849 |
The Albert And Lin Bildner Foundation Inc New York, NY | $892,022 | $85,297 |
American Federation For Medical Research Foundation Beverly, MA | $162,209 | $0 |
Cancer Research Foundation Inc Chappaqua, NY | $128,337 | $0 |