Professional Medical Education Association Inc
- Assets
- $173.6k
- Revenue
- $544.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Marathon Shores, FL
- Founding
- 08/1981
- Data as of
- 06/2022
- EIN
- 31-1014446
Organization Overview
Professional Medical Education Association Inc is located in Marathon Shores, FL. The organization was established in 1981. According to its NTEE Classification (B03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Professional Medical Education Association 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, Professional Medical Education Association Inc generated $544.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.2% each year. All expenses for the organization totaled $500.0k during the year ending 06/2022. While expenses have increased by 0.6% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
CONSULTING ON SURGICAL/MEDICAL TECHNOLOGY QUESTIONS AND CONDUCT SURGICAL/LASER TRAINING ONSITE FOR HOSPITALS AND IN DEVELOPING LASER SURGERY PROGRAMS TO PROMOTE THE EDUCATIONAL PURPOSE OF THE ASSOCIATION AND TO SUPPORT MODERN SCIENCE IN MEDICINE.
HONORARIA DERIVED FROM PUBLIC/PROFESSIONAL SPEAKING ARE ALL RELATED TO THE TEACHING ASPECTS OF VARIOUS SURGICAL TECHNOLOGIES AND MEDICINE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gregory Absten President | 20 | $8,000 | |
Lisa Absten Manager | 40 | $75,125 | |
Dan Little Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $25,065 |
| Interest on Savings | $0 |
| 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 | $519,240 |
| Total Revenue | $544,305 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $103,365 |
| Other employee salaries and wages | $35,056 |
| Pension plans, employee benefits | $4,303 |
| Interest | $404 |
| Taxes | $10,446 |
| Depreciation | $14,548 |
| Occupancy | $67,041 |
| Travel, conferences, and meetings | $38,034 |
| Printing and publications | $5,472 |
| Other expenses | $213,286 |
| Total operating and administrative expenses | $499,402 |
| Contributions, gifts, grants paid | $639 |
| Total expenses and disbursements | $500,041 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $115,718 |
| 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 | $57,834 |
| Other assets | $0 |
| Total assets | $173,552 |
| 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 | $72,100 |
| Other liabilities | $15,376 |
| Total liabilities | $87,476 |
Grants Awarded
Over the last fiscal year, Professional Medical Education Association Inc has awarded $639 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
USA FOR UNHCR PURPOSE: CHARITY DONATION | $589 |
ELKS PURPOSE: CHARITY DONATION | $50 |