Graduate Medical Education Inc
- Assets
- $1.9m
- Revenue
- $3.6m
- Investments
- $0.0
- Employees
- 52
- Location
- Lansing, MI
- Founding
- 02/1972
- Data as of
- 06/2023
- EIN
- 38-1969044
Organization Overview
Graduate Medical Education Inc is located in Lansing, MI. The organization was established in 1972. As of 06/2023, Graduate Medical Education Inc employed 52 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Graduate Medical Education 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 06/2023, Graduate Medical Education Inc generated $3.6m 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 (14.2%) each year. All expenses for the organization totaled $3.6m during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (14.0%) per year over the past 8 years. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION IS A PARTNERSHIP BETWEEN MEMBER HOSPITALS AND INSTITUTIONS SEEKING TO ENSURE QUALITY EDUCATIONAL EXPERIENCES FOR RESIDENTS TRAINING IN CENTRAL MICHIGAN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COORDINATION OF MEDICAL RESIDENCY PROGRAMS FOR DOCTORS AND PARTICIPATING HOSPITALS APPROXIMATELY 75,000 PEOPLE BENEFIT FROM THESE SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Glynn Dr Ted Pres./sec. | OfficerTrustee | 2 | $0 |
Tolchinsky Anatol Director | Trustee | 1 | $0 |
Pearson Dr Randy Director | Trustee | 1 | $0 |
Rohrer Dr John Director | Trustee | 1 | $0 |
Olsen Dr Jim Director | Trustee | 1 | $0 |
Peterson Linda Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $3,423,329 |
| Investment income | $4,591 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,567,937 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $20,960 |
| Compensation of current officers, directors, key employees. | $20,960 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,447,120 |
| Pension plan accruals and contributions | $27,579 |
| Other employee benefits | $478,922 |
| Payroll taxes | $183,427 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $27,825 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $132,010 |
| Advertising and promotion | $3,785 |
| Office expenses | $0 |
| Information technology | $120 |
| 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 | $147,772 |
| All other expenses | $0 |
| Total functional expenses | $3,586,834 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,368,392 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $372,548 |
| 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 | $159,018 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,899,958 |
| Accounts payable and accrued expenses | $132,686 |
| 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 | $132,686 |
| Net assets without donor restrictions | $1,767,272 |
| 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 | $1,899,958 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American College Of Sports Medicine Inc Indianapolis, IN | $13,054,300 | $11,193,683 |
Canton Medical Education Foundation Inc Canton, OH | $346,033 | $5,316,895 |
Graduate Medical Education Inc Lansing, MI | $1,899,958 | $3,567,937 |
Northeast Ohio Medical University Foundation Rootstown, OH | $28,522,645 | $5,634,927 |
Wisconsin School Of Professional Psychology Inc Milwaukee, WI | $3,235,177 | $1,966,806 |
American College Of Sports Medicine Indianapolis, IN | $2,078,333 | $889,570 |
Southeast Michigan Center For Medical Education Detroit, MI | $1,288,870 | $913,591 |
American College Of Sports Medicine Foundation Incorporated Indianapolis, IN | $4,709,616 | $682,964 |
Bryan Univ Of Toledo College Of Medicine Area Health Education Cen Bryan, OH | $129,933 | $0 |
Friends Of The Medical College Of Wisconsin Inc Milwaukee, WI | $915,394 | $60,176 |
University Affiliated Hospitals Of Flint Inc Flint, MI | $0 | $0 |