Physician Associates Of Midmichigan Community Medical Foundation
- Assets
- $3.8m
- Revenue
- $1.1m
- Investments
- $3.6m
- Employees
- 0
- Location
- Laingsburg, MI
- Founding
- Data as of
- 12/2023
- EIN
- 86-1430875
Organization Overview
Physician Associates Of Midmichigan Community Medical Foundation is located in Laingsburg, MI. According to its NTEE Classification (E99) the organization is classified as: Health Care N.E.C., 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. Physician Associates Of Midmichigan Community 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 12/2023, Physician Associates Of Midmichigan Community Medical Foundation generated $1.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (29.6%) each year. All expenses for the organization totaled $162.4k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Physician Associates Of Midmichigan Community Medical Foundation has awarded 11 individual grants totaling $232,044. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas Johnson MD President | 1 | $0 | |
Mark Ostahowski MD Vice President | 0.5 | $0 | |
James Frye MD Treasurer | 0.5 | $0 | |
Robert Synder DO Secretary | 0.5 | $0 | |
Daniel Sorenson MD Director | 0.5 | $0 | |
Doak Stolz CFP Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $979,238 |
| Interest on Savings | $44 |
| Dividends & Interest | $62,658 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $8,569 |
| Capital Gain Net Income | $8,569 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,050,509 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,472 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $25,280 |
| Contributions, gifts, grants paid | $137,160 |
| Total expenses and disbursements | $162,440 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $119,597 |
| 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 | $3,632,556 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,752,153 |
| 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, Physician Associates Of Midmichigan Community Medical Foundation has awarded $137,160 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
COUNTY OF MIDLAND PURPOSE: LUCAS DEVICES | $106,726 |
BOARD OF EDUCATION OF MIDLAND COUNTY PURPOSE: STOP THE BLEED PROGRAM AT BULLOCK CREEK SCHOOL DISTRICT | $11,476 |
MCKAYLA CHURCH PURPOSE: TUITION REIMBURSEMENT FOR ROSS MEDICAL EDUCATION STUDENT MEDICAL ASSISTANT PROGRAM | $3,958 |
ALMA COLLEGE PURPOSE: SCHOLARSHIP FOR RYLEE KOUTZ, NURSING STUDENT | $5,000 |
NORTHEAST MI COMMUNITY SERVICE AGENCY PURPOSE: PURCHASE AND INSTALLATION OF 5 AEDS | $10,000 |