Medisend College Of Biomedical Engineering Technology
- Assets
- $3.9m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 9
- Location
- Dallas, TX
- Founding
- 07/1990
- Data as of
- 12/2023
- EIN
- 75-2332074
Organization Overview
Medisend College Of Biomedical Engineering Technology is located in Dallas, TX. The organization was established in 1990. According to its NTEE Classification (Q33) the organization is classified as: International Relief, under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 12/2023, Medisend College Of Biomedical Engineering Technology employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Medisend College Of Biomedical Engineering Technology 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 12/2023, Medisend College Of Biomedical Engineering Technology generated $1.8m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.6% each year. All expenses for the organization totaled $1.6m during the year ending 12/2023. While expenses have increased by 1.0% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
MEDISEND COLLEGE OF BIOMEDICAL ENGINEERING TECHNOLOGY IS A 501(C)(3) NONPROFIT ORGANIZATION WHOSE MISSION INCLUDES HIGH QUALITY, INTENSIVE EDUCATION AND TRAINING OF US MILITARY VETERANS AND SELECT INDIVIDUALS FROM DEVELOPING COUNTRIES, AS WELL AS THE HUMANITARIAN DISTRIBUTION OF LIFE-SAVING MEDICAL SUPPLIES AND BIOMEDICAL EQUIPMENT TO UNDER RESOURCED HOSPITALS IN DEVELOPING COUNTRIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEDISEND COLLEGE OF BIOMEDICAL ENGINEERING TECHNOLOGY PROVIDES HIGH QUALITY INTENSIVE EDUCATION AND TRAINING AND OPPORTUNITIES FOR US VETERANS TO ELEVATE THEIR LIVES AND ACHIEVE FINANCIAL SECURITY AS WELL AS MEANINGFUL SERVICE IN THE HEALTHCARE INDUSTRY. IN ADDITION, MEDISEND COLLEGE OFFERS COMPREHENSIVE BIOMEDICAL ENGINEERING TECHNOLOGY PROGRAMS TO INDIVIDUALS FROM DEVELOPING COUNTRIES. THEY RETURN TO THEIR HOMES TO IMPROVE THE OVERALL HEALTHCARE IN THEIR HOSPITALS AND COMMUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nicholas Hallack President | OfficerTrustee | 50 | $205,517 |
Richard Myers Chairman | OfficerTrustee | 0.5 | $0 |
Clete D Madden Treasurer | OfficerTrustee | 0.5 | $0 |
Woodrow Gandy MD Trustee | Trustee | 0.5 | $0 |
Dan Butcher Trustee | Trustee | 0.5 | $0 |
Joyce Williams Trustee (left 06/23) | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $36,211 |
| All other contributions, gifts, grants, and similar amounts not included above | $251,615 |
| Noncash contributions included in lines 1a–1f | $93,965 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $287,826 |
| Total Program Service Revenue | $1,361,540 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $180,720 |
| 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 | $1,830,086 |
| 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. | $350,416 |
| Compensation of current officers, directors, key employees. | $175,208 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $465,319 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $19,644 |
| Payroll taxes | $54,777 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $23,831 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $52,799 |
| Advertising and promotion | $11,297 |
| Office expenses | $34,938 |
| Information technology | $38,455 |
| Royalties | $0 |
| Occupancy | $146,020 |
| Travel | $45,157 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $99,044 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $191,585 |
| Insurance | $0 |
| All other expenses | $1,227 |
| Total functional expenses | $1,592,581 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $868,221 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $632 |
| 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 | $3,069,126 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,000 |
| Total assets | $3,943,979 |
| Accounts payable and accrued expenses | $775,419 |
| Grants payable | $0 |
| Deferred revenue | $198,645 |
| 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 | $1,915,322 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,889,386 |
| Net assets without donor restrictions | $1,054,593 |
| 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 | $3,943,979 |