Friends Of The Medical College Of Wisconsin Inc
- Assets
- $887.9k
- Revenue
- $119.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Milwaukee, WI
- Founding
- 10/1970
- Data as of
- 06/2022
- EIN
- 23-7070280
Organization Overview
Friends Of The Medical College Of Wisconsin Inc is located in Milwaukee, WI. The organization was established in 1970. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Friends Of The Medical College Of Wisconsin 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 06/2022, Friends Of The Medical College Of Wisconsin Inc generated $119.9k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 27.5% each year . All expenses for the organization totaled $44.1k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROJECT SUPPORT FOR MEDICAL COLLEGE OF WISCONSIN
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROJECT SUPPORT FOR MEDICAL COLLEGE OF WISCONSIN
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Margaret Haagensen President | OfficerTrustee | 0 | $0 |
Jan Lennon Vice President | OfficerTrustee | 0 | $0 |
Martha Lennon Secretary | OfficerTrustee | 0 | $0 |
Gail Schemberger Secretary | OfficerTrustee | 0 | $0 |
Juliane H Lee MD Board Member | Trustee | 0 | $0 |
Karen Mackinnon Rph Board Member | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $400 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $400 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $800 |
| Total Program Service Revenue | $0 |
| Investment income | $26,821 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $92,282 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $119,903 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $40,000 |
| 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 | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,633 |
| Fees for services: Other | $26 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| 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 | $0 |
| All other expenses | $0 |
| Total functional expenses | $44,101 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,809 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $875,127 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $887,936 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $887,936 |
| 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 | $887,936 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Friends Of The Medical College Of Wisconsin Inc has recieved totaling $40,000.
| Awarding Organization | Amount |
|---|---|
Mend A Heart Foundation Clarendon Hills, IL PURPOSE: RESEARCH PEDIATRIC CARDIOLOGY | $40,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Graduate Medical Education Inc Lansing, MI | $1,920,359 | $3,149,441 |
Wisconsin School Of Professional Psychology Inc Milwaukee, WI | $2,955,587 | $1,856,092 |
Council Of Medical Specialty Societies Chicago, IL | $3,906,097 | $1,843,688 |
Southeast Michigan Center For Medical Education Detroit, MI | $1,288,870 | $913,591 |
Sarah C Upham Clinic Tr 2 P10303009 Chicago, IL | $7,388,989 | $410,128 |
American College Of Medical Quality Lombard, IL | $201,349 | $238,231 |
Chicago Committee On Trauma Of The American College Of Surgeons Bolingbrook, IL | $129,114 | $391,129 |
Cedar Rapids Medical Education Foundation Cedar Rapids, IA | $89,049 | $206,062 |
American Pediatric Surgical Association Foundation Inc East Dundee, IL | $1,062,024 | $175,885 |
Friends Of The Medical College Of Wisconsin Inc Milwaukee, WI | $887,936 | $119,903 |
University Affiliated Hospitals Of Flint Inc Flint, MI | $0 | $0 |