Optimal Medical Foundation Inc
- Assets
- $5.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Sault Sainte Marie, MI
- Founding
- 06/2000
- Data as of
- 12/2022
- EIN
- 31-1697776
Organization Overview
Optimal Medical Foundation Inc is located in Sault Sainte Marie, MI. The organization was established in 2000. According to its NTEE Classification (H81) the organization is classified as: AIDS Research, under the broad grouping of Medical Research and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Optimal 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, Optimal Medical Foundation Inc generated $103.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (47.6%) each year. All expenses for the organization totaled $123.4k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (45.3%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTES AND FUNDS REASEARCH AND EDUCATION PROGRAMS AS WELL AS PROVIDESMEDICAL SUPPLIES FOR DISEASES THAT ATTACK CHILDREN AND THEIR FAMILIES
Describe the Organization's Program Activity:
Part 3
PROVIDED MEDICAL SUPPLIES TO CHILDREN AND THEIR FAMILIES IN IMPOVERISHED COUNTRIES IN AN EFFORT TOWORK TOWARDS ERRADICATING THE DISEASES THEY FACE ON A DAILY BASIS
OTHER EXPENSES APPLIED TO PROGRAM SERVICES - POSTAGE $3,006, REGISTRATIONS $1,026
PROVIDED MEDICAL SUPPLIES TO CHILDREN AND THEIR FAMILIES IN IMPOVERISHED COUNTRIES IN AN EFFORT TO WORK TOWARDS ERRADICATING THE DISEASES THEY FACE ON A DAILY BASIS. DEWORMING MEDICATIONS VALUED AT $2,620,845 SHIPPED TO IMPOVERISHED COUNTRIES.
OTHER EXPENSES APPLIED TO PROGRAM SERVICES - POSTAGE $3,006, REGISTRATIONS $1,026, METAD CONTRIBUTION $3,000
PROMOTE EDUCATIONAL PROGRAMS FOR DISEASES THAT ATTACK CHILDREN AND THEIR FAMILIES
PROMOTE EDUCATIONAL PROGRAMS FOR DISEASES THAT ATTACK CHILDREN AND THEIR FAMILIES
THE DEVELOPMENT OF A NUTRITIONAL EDUCATION PROGRAM FOR AMERICAN PUBLIC SCHOOL AGE CHILDREN AND THEIRFAMILIES
THE DEVELOPMENT OF A NUTRITIONAL EDUCATION PROGRAM FOR AMERICAN PUBLIC SCHOOL AGE CHILDREN AND THEIRFAMILIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Janet Eland-Greenhalgh President | 20 | $0 | |
Luanna Armstrong Treasurer | 5 | $0 | |
Michael Andronikou Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $103,000 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $61 |
| Total Revenue | $103,061 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $3,060 |
| Occupancy, rent, utilities, and maintenance | $1,195 |
| Printing, publications, postage, and shipping | $316 |
| Other expenses | $107,287 |
| Total expenses | $123,358 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $4,514 |
| Other assets | $0 |
| Total assets | $5,184 |
| Total liabilities | $100,500 |
| Net assets or fund balances | -$95,316 |