Kent Medical Foundation
- Assets
- $352.6k
- Revenue
- $19.3k
- Investments
- $321.7k
- Employees
- 0
- Location
- Grand Rapids, MI
- Founding
- 01/1967
- Data as of
- 12/2023
- EIN
- 38-6089794
Organization Overview
Kent Medical Foundation is located in Grand Rapids, MI. The organization was established in 1967. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, 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. Kent Medical Foundation 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 12/2023, Kent Medical Foundation generated $19.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (6.2%) each year. All expenses for the organization totaled $39.8k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (0.9%) per year over the past 6 years. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
CALVIN UNIVERSITY HEALTH CAMP
HAND2HAND - CHILD HUNGER RELIEF
GRAND RAPIDS CHILDRENS MUSEUM
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patricia Dalton Executive Director | 40 | $0 | |
Paul Nicholson Vice Chair | 1 | $0 | |
Brian Janssen Secretary Treasurer | 1 | $0 | |
Alexis Boyden Trustee | 1 | $0 | |
Jayne Courts MD President | 1 | $0 | |
Jennifer Porter Baguley Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $6,539 |
| Interest on Savings | $0 |
| Dividends & Interest | $8,512 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $4,226 |
| Capital Gain Net Income | $4,226 |
| Net ST Capital Gain | $4,226 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $19,277 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $32,958 |
| Total operating and administrative expenses | $39,820 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $39,820 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $19,708 |
| Savings and temporary cash investments | $11,246 |
| 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 | $352,632 |
| 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 |
Grants Awarded
Over the last fiscal year, Kent Medical Foundation has awarded $8,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CALVIN UNIVERSITY PURPOSE: SUPPORT OF HEALTH CAMP PROGRAM | $5,500 |
GRAND RAPIDS CHILDRENS MUSEUM PURPOSE: SUPPORT OF PROGRAM - NEURODIVERGENT PLAYTIME | $2,500 |