Medical Research Charities Inc
- Assets
- $494.2k
- Revenue
- $452.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Salem, MA
- Founding
- 03/1992
- Data as of
- 04/2022
- EIN
- 94-3148591
Organization Overview
Medical Research Charities Inc is located in Salem, MA. The organization was established in 1992. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Medical Research Charities 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 04/2022, Medical Research Charities Inc generated $452.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (19.3%) each year. All expenses for the organization totaled $463.7k during the year ending 04/2022. As we would expect to see with falling revenues, expenses have declined by (19.0%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Medical Research Charities Inc has awarded 159 individual grants totaling $7,037,246. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
MEDICAL RESEARCH CHARITIES RECEIVES FUNDS FROM WORKPLACE GIVING CAMPAIGNS FOR DISTRIBUTION TO ITS MEMBER AGENCIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEDICAL RESEARCH CHARITIES (MRC) IS A FEDERATION OF TAX-EXEMPT ORGANIZATIONS REPRESENTING NATIONAL AND INTERNATIONAL MEMBER AGENCIES. MRC PROVIDED FISCAL, MARKETING, AND CAMPAIGN APPLICATION SERVICES TO ITS MEMBER AGENCIES. THESE SERVICES INCLUDED ASSISTANCE IN ACCESSING WORKPLACE FUNDS THROUGH THE COMBINED FEDERAL CAMPAIGN. MRC RECEIVED FUNDS ON BEHALF OF ITS MEMBERS FROM THESE CAMPAIGNS AND DISTRIBUTED THE FUNDS, NET OF ITS OPERATING EXPENSES, TO THE MEMBER AGENCIES.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Judi Holley Treasurer | OfficerTrustee | 1 | $0 |
Mary Nokes Secretary | OfficerTrustee | 1 | $0 |
Michael Washburn President | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $387,282 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,809 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $390,091 |
| Total Program Service Revenue | $62,711 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $452,802 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $375,137 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $43,755 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $5 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,233 |
| All other expenses | $0 |
| Total functional expenses | $463,721 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $44,781 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $416,981 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $617 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $31,839 |
| Total assets | $494,218 |
| Accounts payable and accrued expenses | $5,325 |
| Grants payable | $393,035 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $398,360 |
| Net assets without donor restrictions | $95,858 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $494,218 |
Grants Awarded
Over the last fiscal year, Medical Research Charities Inc has awarded $364,056 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
New York, NY PURPOSE: TO ASSIST IN THE ORGANIZATION'S EXEMPT PURPOSES. | $95,684 |
Cary, NC PURPOSE: TO ASSIST IN THE ORGANIZATION'S EXEMPT PURPOSES. | $48,941 |
San Diego, CA PURPOSE: TO ASSIST IN THE ORGANIZATION'S EXEMPT PURPOSES. | $43,048 |
Irvine, CA PURPOSE: TO ASSIST IN THE ORGANIZATION'S EXEMPT PURPOSES. | $35,640 |
Watertown, MA PURPOSE: TO ASSIST IN THE ORGANIZATION'S EXEMPT PURPOSES. | $31,901 |
Santa Monica, CA PURPOSE: TO ASSIST IN THE ORGANIZATION'S EXEMPT PURPOSES. | $25,703 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Medical Research Charities Inc has recieved totaling $492,954.
| Awarding Organization | Amount |
|---|---|
Give Back Foundation Madison, WI PURPOSE: PROGRAM SUPPORT | $492,922 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $32 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Actblue Civics Inc Somerville, MA | $9,393,713 | $97,519,174 |
New York State Technology Enterprise Corporation Rome, NY | $60,981,617 | $75,235,119 |
Hamaskpik Of Rockland County Inc Monsey, NY | $63,578,748 | $60,740,286 |
Comunilife Inc New York, NY | $31,660,998 | $48,925,659 |
Julia Dyckman Andrus Memorial Inc Yonkers, NY | $77,963,384 | $42,844,151 |
Wildwood Programs Inc Latham, NY | $26,961,317 | $41,590,830 |
Dana-Farber Inc Boston, MA | $2,427,985,539 | $197,856,829 |
Green Chimneys Childrens Services Inc Brewster, NY | $40,286,634 | $28,138,217 |
Times Square District Management Association New York, NY | $18,451,564 | $28,017,921 |
52 Broadway Realty Corp New York, NY | $50,887,165 | $15,066,010 |
Benhaven Inc North Haven, CT | $15,268,980 | $23,482,851 |
Catalyst Inc New York, NY | $56,172,197 | $22,153,415 |