Tennessee Medical Education Fund Inc
- Assets
- $3.1m
- Revenue
- -$23.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Nashville, TN
- Founding
- 07/1965
- Data as of
- 12/2023
- EIN
- 62-6049920
Organization Overview
Tennessee Medical Education Fund Inc is located in Nashville, TN. The organization was established in 1965. According to its NTEE Classification (W60) the organization is classified as: Financial Institutions, under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tennessee Medical Education Fund Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2019, Tennessee Medical Education Fund Inc has awarded 22 individual grants totaling $853,300. 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
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE TENNESSEE MEDICAL EDUCATION FUND, INC. IS ORGANIZED FOR THE PURPOSE OF PROVIDING SCHOLARSHIPS TO QUALIFIED MEDICAL STUDENTS.
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 |
|---|---|---|---|
Neal Beckford Director | Trustee | 1 | $0 |
Melanie Blake Director | Trustee | 1 | $0 |
John Ingram Director | Trustee | 1 | $0 |
Mitch Mutter Director | Trustee | 1 | $0 |
Maysoon Ali Secretary | OfficerTrustee | 2 | $0 |
Dennis Higdon President | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $45,593 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $45,593 |
| Total Program Service Revenue | $0 |
| Investment income | $35,151 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$103,909 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | -$23,165 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $122,000 |
| 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 | $7,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,000 |
| Fees for services: Other | $10,221 |
| Advertising and promotion | $0 |
| Office expenses | $47 |
| Information technology | $2,000 |
| 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 | $1,142 |
| All other expenses | $32 |
| Total functional expenses | $176,477 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,983 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $16,512 |
| 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 | $3,101,109 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,130,604 |
| Accounts payable and accrued expenses | $2,245 |
| 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 | $2,245 |
| Net assets without donor restrictions | $3,128,359 |
| 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 | $3,130,604 |
Grants Awarded
Over the last fiscal year, Tennessee Medical Education Fund Inc has awarded $119,500 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
DEBUSK COLLEGE OF OSTEOPATHIC MED | | | $10,000 |
U OF T HEALTH SCIENCE CENTER | | | $59,000 |
ETSU QUILLEN COLLEGE OF MEDICINE | | | $31,500 |
MEHARRY MEDICAL COLLEGE | | | $19,000 |