Grafton Medical Foundation Inc
- Assets
- $98.3k
- Revenue
- $1.2k
- Investments
- $96.4k
- Employees
- 0
- Location
- Grafton, WI
- Founding
- 02/1970
- Data as of
- 12/2022
- EIN
- 23-7054743
Organization Overview
Grafton Medical Foundation Inc is located in Grafton, WI. The organization was established in 1970. 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. Grafton 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 12/2022, Grafton Medical Foundation Inc generated $1.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (11.3%) each year. All expenses for the organization totaled $301.0 during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (32.5%) per year over the past 8 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
SCHOLARSHIP TO HIGH SCHOOL STUDENT PURSUING A MEDICAL DEGREE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Gassert President | 2 | $0 | |
Paul Malloy Secretary | 2 | $0 | |
Susan Putterman Treasurer | 2 | $0 | |
Tom Freed Dir | 2 | $0 | |
Jackie Krueger Dir | 2 | $0 | |
Stephen Rossmeissl Dir | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,203 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,203 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $26 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $301 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $301 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,961 |
| 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 | $74,581 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $98,337 |
| Accounts payable and accrued expenses | $8,000 |
| Grants payable | $0 |
| Deferred revenue | $5,269 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $13,269 |
Grants Awarded
Over the last fiscal year, Grafton Medical Foundation Inc has awarded $8,000 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
CONCORDIA UNIVERSITY PURPOSE: SCHOLARSHIP | $1,000 |
HANNAH HACKER PURPOSE: SCHOLARSHIP | $1,000 |
SAMARA GRIES PURPOSE: SCHOLARSHIP | $1,000 |
JULIA MARTI PURPOSE: SCHOLARSHIP | $1,000 |
KIRSTEN VAN RYZIN PURPOSE: SCHOLARSHIP | $1,000 |
ABIGAIL PROEFROCK PURPOSE: SCHOLARSHIP | $1,000 |