Medical Group Foundation Inc
- Assets
- $683.9k
- Revenue
- $31.0k
- Investments
- $630.1k
- Employees
- 0
- Location
- Highland, MD
- Founding
- 01/1964
- Data as of
- 09/2023
- EIN
- 54-0566601
Organization Overview
Medical Group Foundation Inc is located in Highland, MD. The organization was established in 1964. According to its NTEE Classification (T21) the organization is classified as: Corporate Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Medical Group 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 09/2023, Medical Group Foundation Inc generated $31.0k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.1%) each year. All expenses for the organization totaled $97.3k during the year ending 09/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Medical Group Foundation Inc has awarded 33 individual grants totaling $397,448. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David P Malin Trustee | 0 | $0 | |
Charlotte M Record Sec/treas | 0 | $26,520 | |
George W Reid Trustee | 0 | $0 | |
Douglas L Malin President | 0 | $5,500 | |
M Leroy Haas Trustee | 0 | $0 | |
Wesley S Malin Ttustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $133 |
| Dividends & Interest | $23,750 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $7,005 |
| Capital Gain Net Income | $4,678 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $129 |
| Total Revenue | $31,017 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $32,020 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $5,339 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $743 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $5,941 |
| Total operating and administrative expenses | $50,238 |
| Contributions, gifts, grants paid | $47,050 |
| Total expenses and disbursements | $97,288 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $42,760 |
| 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 | $8,750 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $2,354 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $683,919 |
| 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 | $851 |
| Total liabilities | $851 |
Grants Awarded
Over the last fiscal year, Medical Group Foundation Inc has awarded $47,050 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
WASHINGTON ADVENTIST UNIV PURPOSE: EDUCATIONAL | $24,000 |
TAKOMA ACADEMY PURPOSE: EDUCATIONAL | $11,500 |
BELTSVILLE ADVENTIST SCHO PURPOSE: EDUCATIONAL | $11,500 |
FIFTH DISTRICT VOLUNTEER FIRE DEPT PURPOSE: FIRE PREVENTION | $50 |