Allenmore Medical Foundation Inc
- Assets
- $665.0k
- Revenue
- $45.3k
- Investments
- $608.6k
- Employees
- 0
- Location
- Bremerton, WA
- Founding
- 08/1951
- Data as of
- 12/2023
- EIN
- 91-0554412
Organization Overview
Allenmore Medical Foundation Inc is located in Bremerton, WA. The organization was established in 1951. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, 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. Allenmore Medical 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.
For the year ending 12/2023, Allenmore Medical Foundation Inc generated $45.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (4.0%) each year. All expenses for the organization totaled $65.2k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (3.8%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Allenmore Medical Foundation Inc has awarded 40 individual grants totaling $455,000. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED SCHOLARSHIP FUNDING FOR FOUR LOCAL COLLEGES TO BE USED TO HELP STUDENTS PURSUING MEDICAL PROFESSIONS AT ALL LEVELS. SEE THE STATEMENT ON GRANTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bertil F Johnson President | 0 | $0 | |
Stephen F Finnigan Vice-President | 0 | $0 | |
Richard Benedeti Secretary | 0 | $0 | |
Joseph D Manjarrez Treasurer | 0 | $0 | |
John H Rowlands MD Trustee | 0 | $0 | |
David Schweinler Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $23,663 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $19,345 |
| Capital Gain Net Income | $19,345 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $283 |
| Total Revenue | $45,291 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $350 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $25,373 |
| Contributions, gifts, grants paid | $39,800 |
| Total expenses and disbursements | $65,173 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$2 |
| Savings and temporary cash investments | $56,407 |
| 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 | $608,601 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $665,006 |
| 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, Allenmore Medical Foundation Inc has awarded $39,800 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF WASHINGTON TACOMA PURPOSE: PROVIDING SCHOLARSHIP FUNDS FOR THE FURTHERANCE OF MEDICAL EDUCATION IN LOCAL COLLEGES. | $4,000 |
PACIFIC LUTHERAN UNIVERSITY PURPOSE: PROVIDING SCHOLARSHIP FUNDS FOR THE FURTHERANCE OF MEDICAL EDUCATION IN LOCAL COLLEGES. | $12,800 |
TACOMA COMMUNITY COLLEGE PURPOSE: PROVIDING SCHOLARSHIP FUNDS FOR THE FURTHERANCE OF MEDICAL EDUCATION IN LOCAL COLLEGES. | $18,000 |
UNIVERSITY OF PUGET SOUND PURPOSE: PROVIDING SCHOLARSHIP FUNDS FOR THE FURTHERANCE OF MEDICAL EDUCATION IN LOCAL COLLEGES. | $5,000 |