Bio-Medical Institute
- Assets
- $73.8k
- Revenue
- $3.4k
- Investments
- $64.5k
- Employees
- 0
- Location
- Skowhegan, ME
- Founding
- 03/1973
- Data as of
- 12/2021
- EIN
- 23-7259889
Organization Overview
Bio-Medical Institute is located in Skowhegan, ME. The organization was established in 1973. According to its NTEE Classification (E31) the organization is classified as: Group Health Practices, 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. Bio-Medical Institute 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 12/2021, Bio-Medical Institute generated $3.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $2.2k during the year ending 12/2021. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIP PROGRAM APPROVED. ONE INDIVIDUAL BENEFITED THIS YEAR.
CHARITABLE GIVING PROGRAM APPROVED. NO ORGANIZATIONS BENEFITED.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
W Edward Jordan III MD President | 0 | $0 | |
Virginia E Jordan Secretary | 0 | $0 | |
John B Jordan CPA Treasurer | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2 |
| Dividends & Interest | $3,399 |
| 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 | $3,401 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $44 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $234 |
| Total operating and administrative expenses | $1,878 |
| Contributions, gifts, grants paid | $300 |
| Total expenses and disbursements | $2,178 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $9,227 |
| 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 | $0 |
| Total assets | $73,764 |
| 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 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Penobscot Bay Physicians & Assoc Belfast, ME | $0 | $9,876,122 |
Eastern Maine Healthcare Systems NB Norumbega Medical Specialists LTD NB Brewer, ME | $0 | $1,238,888 |
Wakefield Food Pantry Sanbornville, NH | $498,504 | $0 |
Consumers For Affordable Health Care Augusta, ME | $7,040 | $0 |
Bio-Medical Institute Skowhegan, ME | $73,764 | $3,401 |