Cedar Rapids Medical Education Foundation
- Assets
- $89.0k
- Revenue
- $206.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Cedar Rapids, IA
- Founding
- 03/1998
- Data as of
- 06/2022
- EIN
- 39-1894395
Organization Overview
Cedar Rapids Medical Education Foundation is located in Cedar Rapids, IA. The organization was established in 1998. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cedar Rapids Medical Education 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 06/2022, Cedar Rapids Medical Education Foundation generated $206.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (37.1%) each year. All expenses for the organization totaled $207.7k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (36.5%) per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
MEDICAL EDUCATION PROGRAM TO TRAIN RESIDENTS FROM UNIVERSITY OF IOWA AT UNITY POINT - ST LUKES HOSPITAL
Describe the Organization's Program Activity:
Part 3 - Line 4a
CEDAR RAPIDS MEDICAL EDUCATION FOUNDATION OPERATED A FAMILY PRACTICE RESIDENCY PROGRAM IN CEDAR RAPIDS, IA WHICH WAS CLOSED JUNE 30, 2020PROGRAM CONTINUES TO ROTATE RESIDENTS FROM UNIVERSITY OF IOWA RESIDENT PROGRAMS TO UNITY POINT - ST LUKES HOSPITAL
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tim Quinn Chair | OfficerTrustee | 2 | $0 |
Michelle Niermann Director | OfficerTrustee | 2 | $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 | $206,026 |
| Investment income | $36 |
| 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 | $206,062 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| 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 | $0 |
| All other expenses | $205,760 |
| Total functional expenses | $207,669 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $89,049 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| 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 | $89,049 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $89,049 |
| 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 | $89,049 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Cedar Rapids Medical Education Foundation has recieved totaling $237,632.
| Awarding Organization | Amount |
|---|---|
St Lukes Methodist Hospital Cedar Rapids, IA PURPOSE: PROGRAM SUPPORT | $237,632 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Center For Family Medicine Sioux Falls, SD | $2,083,617 | $4,668,420 |
Sanford School Of Medicine Of The Usd Residency Corporation Sioux Falls, SD | $1,111,381 | $11,036,067 |
Musser-Davis Land Company Kansas City, MO | $17,498,776 | $1,666,095 |
Wisconsin School Of Professional Psychology Inc Milwaukee, WI | $2,955,587 | $1,856,092 |
Council Of Medical Specialty Societies Chicago, IL | $3,906,097 | $1,843,688 |
Sarah C Upham Clinic Tr 2 P10303009 Chicago, IL | $7,388,989 | $410,128 |
American College Of Medical Quality Lombard, IL | $201,349 | $238,231 |
Chicago Committee On Trauma Of The American College Of Surgeons Bolingbrook, IL | $129,114 | $391,129 |
Cedar Rapids Medical Education Foundation Cedar Rapids, IA | $89,049 | $206,062 |
Nebraska Academy Of Physician Assistants Inc Lincoln, NE | $973,011 | $174,956 |
South Dakota State Medical Association Foundation Sioux Falls, SD | $6,493,597 | $635,168 |
American Pediatric Surgical Association Foundation Inc East Dundee, IL | $1,062,024 | $175,885 |