Waldo Medical Foundation
- Assets
- $75.4k
- Revenue
- $113.8k
- Investments
- $17.5k
- Employees
- 0
- Location
- Brier, WA
- Founding
- 08/1999
- Data as of
- 12/2022
- EIN
- 91-0590143
Organization Overview
Waldo Medical Foundation is located in Brier, WA. The organization was established in 1999. 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. Waldo 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, Waldo Medical Foundation generated $113.8k in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (2.0%) each year. All expenses for the organization totaled $224.0k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (1.1%) per year over the past 4 years. 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
CONTRIBUTION TO YUKATAN CRIPPLED CHILDREN'S PROJECT FOR EDUCATIONAL PURPOSES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rex Nilson President/dir | 5 | $25,000 | |
Stanley Herschberg Vice Pres/dir | 5 | $20,000 | |
Lance Hulbert Treasurer/dir | 1 | $3,500 | |
Byron Hutchinson Secretary/dir | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $10,751 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $18,194 |
| Capital Gain Net Income | $18,245 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $84,817 |
| Total Revenue | $113,762 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $48,500 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $189 |
| Taxes | $1,483 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $172,102 |
| Total operating and administrative expenses | $223,976 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $223,976 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $57,854 |
| 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 | $1 |
| Total assets | $75,371 |
| Accounts payable and accrued expenses | $3,925 |
| 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 | $3,925 |