Medical Education Resources Inc
- Assets
- $3.4m
- Revenue
- $26.9m
- Investments
- $0.0
- Employees
- 12
- Location
- Englewood, CO
- Founding
- 10/1984
- Data as of
- 12/2022
- EIN
- 74-2320999
Organization Overview
Medical Education Resources Inc is located in Englewood, CO. The organization was established in 1984. According to its NTEE Classification (E70) the organization is classified as: Public Health, under the broad grouping of Health Care and related organizations. As of 12/2022, Medical Education Resources Inc employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Medical Education Resources 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 12/2022, Medical Education Resources Inc generated $26.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.9% each year. All expenses for the organization totaled $26.3m during the year ending 12/2022. While expenses have increased by 7.0% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
MEDICAL EDUCATION RESOURCES PROVIDES POSTGRADUATE MEDICAL EDUCATION TO PHYSICIANS AND OTHER ALLIED HEALTH PERSONNEL WHICH WILL ENHANCE PATIENT CARE
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEDICAL EDUCATION RESOURCES IS ACCREDITED BY THE AMERICAN MEDICAL ASSOCIATION, AMERICAN NURSING ASSOCIATION AND BY THE AMERICAN PHARMACEUTICAL ASSOCIATION TO PROVIDE POST-GRADUATE MEDICAL EDUCATION TO MEMBERS OF THE MEDICAL COMMUNITY IN ORDER TO ENHANCE PATIENT CARE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rob Mabary Officer/bd Member | OfficerTrustee | 40 | $60,000 |
Patrice Mabary Officer/bd Member | OfficerTrustee | 40 | $60,000 |
Andrew Jeanjaquet Officer/bd Member | OfficerTrustee | 40 | $60,000 |
Brian Jeanjaquet Board Member | Trustee | 1 | $0 |
Lauren Light Board Member | Trustee | 1 | $0 |
Ryne Hammons Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Novus Medical Education Llc Service Expenses | 12/30/22 | $1,461,018 |
Efficient Llc Service Expenses | 12/30/22 | $1,129,740 |
Chronic Liver Disease Foundation Inc Service Expenses | 12/30/22 | $627,645 |
Fabday Llc Service Expenses | 12/30/22 | $1,207,306 |
Xmedica Llc Service Expenses | 12/30/22 | $1,161,037 |
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 | $8,163,305 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,163,305 |
| Total Program Service Revenue | $18,759,064 |
| Investment income | $21,371 |
| 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 | $26,943,740 |
| 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. | $180,000 |
| Compensation of current officers, directors, key employees. | $180,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $620,226 |
| Pension plan accruals and contributions | $4,000 |
| Other employee benefits | $32,479 |
| Payroll taxes | $73,246 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $230,735 |
| Office expenses | $40,554 |
| Information technology | $701,910 |
| Royalties | $0 |
| Occupancy | $164,280 |
| Travel | $2,052,925 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,936,692 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $16,502 |
| Insurance | $61,895 |
| All other expenses | $158,318 |
| Total functional expenses | $26,332,028 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,309,214 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $51,030 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $19,200 |
| Other assets | $0 |
| Total assets | $3,379,444 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $3,379,444 |
| 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 | $3,379,444 |