Bako Medical Education Foundation Inc
- Assets
- $158.1k
- Revenue
- $200.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Alpharetta, GA
- Founding
- 12/2016
- Data as of
- 12/2022
- EIN
- 81-3095283
Organization Overview
Bako Medical Education Foundation Inc is located in Alpharetta, GA. The organization was established in 2016. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Bako Medical Education 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.
Since 2018, Bako Medical Education Foundation Inc has awarded 28 individual grants totaling $700,000. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
ESTABLISHED AND FUNDED ANNUAL ENDOWMENT SCHOLORSHIPS FUNDS AT FIVE SEPARATE UNIVERSITIES FOR STUDENTS PURSUING EDUCATION IN THE FIELD OF PODIATRIC MEDICINE.
THE FOUNDATION PROVIDES LODGING AND TRAVEL REIMBURSEMENTS FOR MEDICAL STUDENTS PARTICIPATING IN A MEDICAL RESIDENCY PROGRAM IN PODIATRIC DERMATOLOGY AND DERMATOPATHOLOGY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Suzanne E Maccormack Chair/treas. | 1.5 | $13,500 | |
J David Jacobs ESQ Gencoun/sec. | 1 | $13,490 | |
Steven J Berlin DPM Director | 0.1 | $3,500 | |
John P Nelson DPM Director | 0.1 | $3,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $200,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $200,000 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $33,990 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $47,236 |
| Total operating and administrative expenses | $83,241 |
| Contributions, gifts, grants paid | $125,000 |
| Total expenses and disbursements | $208,241 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $158,112 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $158,112 |
| 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 | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Bako Medical Education Foundation Inc has awarded $125,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
TEMPLE UNIVERSITY SCH OF PODIATRICS PURPOSE: ENDOWMENT SCHOLARSHIP FUND | $25,000 |
DES MOINES UNIVERSITY PURPOSE: ENDOWMENT SCHOLARSHIP FUND | $25,000 |
KENT STATE UNIVERSITY PURPOSE: ENDOWMENT SCHOLARSHIP FUND | $25,000 |
MIDWESTERN UNIVERSITY PURPOSE: ENDOWMENT SCHOLARSHIP FUND | $25,000 |
Oakland, CA PURPOSE: ENDOWMENT SCHOLARSHIP FUND | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Trousdale Foundation Inc Cleveland, TN | $157,578,588 | $76,137,385 |
The United Methodist Retirement Homes Inc Durham, NC | $351,992,425 | $85,120,969 |
The Murray & Sydell Rosenberg Foundation Inc Atlanta, GA | $5,561,714 | $74,985,544 |
Joseph B Whitehead Foundation Atlanta, GA | $148,285,590 | $58,163,845 |
Emergency Assistance Foundation Inc West Palm Beach, FL | $75,784,415 | $87,494,207 |
Winshape Foundation Inc Atlanta, GA | $1,733,664,901 | $22,099,572 |
A Good Name Foundation Inc Atlanta, GA | $709,299,721 | $33,917,740 |
Jane Woodruff Foundation Inc Atlanta, GA | $0 | $54,999,988 |
Truist Foundation Inc Orlando, FL | $535,253,915 | $119,578,224 |
Ups Foundation Inc Atlanta, GA | $8,317,427 | $54,799,163 |
Leslie L Alexander Foundation Delray Beach, FL | $372,501,228 | $8,282,313 |
Dogwood Health Trust Asheville, NC | $1,386,374,836 | $630,200,598 |