Mclennan County Medical Education And Research Foundation
- Assets
- $2.3m
- Revenue
- $3.5m
- Investments
- $0.0
- Employees
- 3
- Location
- Waco, TX
- Founding
- 08/1976
- Data as of
- 12/2021
- EIN
- 74-1873453
Organization Overview
Mclennan County Medical Education And Research Foundation, operating under the name Waco Family Medicine, is located in Waco, TX. The organization was established in 1976. According to its NTEE Classification (E31) the organization is classified as: Group Health Practices, under the broad grouping of Health Care and related organizations. As of 12/2021, Waco Family Medicine employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Waco Family Medicine 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, Waco Family Medicine generated $3.5m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.6%) each year. All expenses for the organization totaled $3.6m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (0.3%) per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTE AND/OR PROVIDE PRIMARY HEALTH EDUCATION AND PRIMARY HEALTH CARE PROGRAMS, INCLUDING RESEARCH, FOR THE VULNERABLE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESIDENCY TRAINING ORGANIZATION PROVIDES POST DOCTORATE MEDICAL EDUCATION TO PHYSICIANS SPECIALIZING IN FAMILY MEDICINE. SIMULTANEOUSLY PROVIDES PATIENT CARE & MEDICAL EDUCATION THROUGH A SUBCONTRACT WITH HEART OF TEXAS COMMUNITY HEALTH CENTER, INC (74-2867580)
TEXAS AHEC EAST: THIS ORGANIZATION PROMOTES HEALTH ACCESS & CAREERS AMONG PEOPLE IN AN 18-COUNTY REGION OF CENTRAL TEXAS.
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 |
|---|---|---|---|
Jackson Griggs MD Chair/pres/ceo | OfficerTrustee | 1 | $0 |
D Mike Hardinjr MD Residency Program Director | OfficerTrustee | 1 | $0 |
Ryan Laschober MD Interim Residency Program Director | Officer | 1 | $0 |
Annette Ballew Secretary/treasurer/exec V | Officer | 1 | $0 |
Jose Pena III DO Director-Chief Resident 1/21-6/21 | Trustee | 1 | $0 |
Ryan Trantham MD Director-Chief Resident 7/21-12/21 | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $567,419 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,920,628 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,488,047 |
| Total Program Service Revenue | $0 |
| Investment income | $16,230 |
| 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 | $3,504,277 |
| 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. | $72,583 |
| Compensation of current officers, directors, key employees. | $14,517 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $48,734 |
| Pension plan accruals and contributions | $3,110 |
| Other employee benefits | $14,970 |
| Payroll taxes | $11,173 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $125 |
| Fees for services: Accounting | $213 |
| 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 | $16,246 |
| Information technology | $5,180 |
| Royalties | $0 |
| Occupancy | $11,220 |
| Travel | $3,896 |
| 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 | $619 |
| All other expenses | $0 |
| Total functional expenses | $3,621,506 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,519,330 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $814,554 |
| 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 | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,333,884 |
| Accounts payable and accrued expenses | $2,116,681 |
| Grants payable | $0 |
| Deferred revenue | $208,096 |
| 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 | $2,324,777 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $9,107 |
| 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 | $2,333,884 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Mclennan County Medical Education And Research Foundation has recieved totaling $19.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $19 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Christus Pediatric Physician Group Irving, TX | $1,557,571 | $11,008,801 |
Arkansas Childrens Medical Group Pllc Little Rock, AR | $1,156,578 | $4,607,031 |
Oakbend Medical Group Richmond, TX | $1,150,694 | $8,079,659 |
Rapides Primary Health Care Center Inc Alexandria, LA | $9,968,797 | $5,149,204 |
Mclennan County Medical Education And Research Foundation Waco, TX | $2,333,884 | $3,504,277 |
Mission Doctors Group Mission, TX | $461,802 | $1,572,126 |
Childrens Medical Center Health Plan Dallas, TX | $46,883,176 | $4,939 |
Chandler Usa Inc Group Medical Plan Trust Chandler, OK | $369,032 | $2,669,298 |
Oklahoma Associaton Of Health Care Providers Oklahoma City, OK | $758,257 | $2,306,432 |
Umc El Paso Healthcare Inc El Paso, TX | $892,039 | $929,368 |
Texas Healthcare And Bioscience Institute Austin, TX | $521,960 | $1,210,276 |
Casa El Buen Samaritano Houston, TX | $1,504,564 | $1,090,639 |