Medical Care & Research Foundation
- Assets
- $909.6k
- Revenue
- $45.2k
- Investments
- $875.9k
- Employees
- 0
- Location
- Greenwood Village, CO
- Founding
- 11/1954
- Data as of
- 12/2023
- EIN
- 84-0516585
Organization Overview
Medical Care & Research Foundation is located in Greenwood Village, CO. The organization was established in 1954. According to its NTEE Classification (E32) the organization is classified as: Community Clinics, 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. Medical Care & Research 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 12/2023, Medical Care & Research Foundation generated $45.2k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 9.4% each year. All expenses for the organization totaled $88.6k during the year ending 12/2023. While expenses have increased by 14.4% per year over the past 9 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
W Anderson Bishop CPA Director | 0 | $0 | |
Robert D Showalter Chairman,secretary/treas | 0 | $0 | |
Dr Ray Jenkins Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,890 |
| Dividends & Interest | $27,487 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $15,871 |
| Capital Gain Net Income | $15,871 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $45,248 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| 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 | $0 |
| Total operating and administrative expenses | $13,589 |
| Contributions, gifts, grants paid | $75,000 |
| Total expenses and disbursements | $88,589 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,991 |
| Savings and temporary cash investments | $30,269 |
| Net Accounts receivable | $431 |
| 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 | $909,633 |
| 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, Medical Care & Research Foundation has awarded $70,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF COLORADO SCHOOL OF MEDICINE -FRANK B MCGLONE SCHOLARSHIP FUND PURPOSE: EDUCATIONAL, MEDICAL | $25,000 |
UNIVERSITY OF COLORADO SCHOOL OF MEDICINE -SCHOLARSHIP FUND PURPOSE: EDUCATIONAL | $45,000 |