Saadi And Salwa Medical Foundation
- Assets
- $197.0k
- Revenue
- $258.3k
- Investments
- $93.1k
- Employees
- 0
- Location
- Clinton, IA
- Founding
- 10/2018
- Data as of
- 12/2022
- EIN
- 82-5376087
Organization Overview
Saadi And Salwa Medical Foundation is located in Clinton, IA. The organization was established in 2018. According to its NTEE Classification (E12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Saadi And Salwa Medical Foundation 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, Saadi And Salwa Medical Foundation generated $258.3k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 2.4% each year. All expenses for the organization totaled $343.7k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
MANAGEMENT FEES PAID TO OVERSEE THE PROJECT
TRAVEL COSTS TO IRAQ TO MEET WITH MANGEMENT PEOPLE AND TO REVIEW THE OPERATION OF THE PROJECT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Saadi Albaghdadi President & | 0 | $0 | |
Salwa Albaghdadi Vice-Preside | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $200,000 |
| Interest on Savings | $165 |
| Dividends & Interest | $2,631 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $55,464 |
| Capital Gain Net Income | $11 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $258,260 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $352 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $22,864 |
| Printing and publications | $0 |
| Other expenses | $1,312 |
| Total operating and administrative expenses | $343,663 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $343,663 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $44,056 |
| Savings and temporary cash investments | $11,205 |
| 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 | $48,660 |
| Other assets | $0 |
| Total assets | $197,016 |
| 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 |