Iowa Medical Society Foundation
- Assets
- $2.2m
- Revenue
- $285.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Des Moines, IA
- Founding
- 02/1954
- Data as of
- 12/2021
- EIN
- 42-6078626
Organization Overview
Iowa Medical Society Foundation is located in Des Moines, IA. The organization was established in 1954. According to its NTEE Classification (H99) the organization is classified as: Medical Research N.E.C., 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. Iowa Medical Society 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 12/2021, Iowa Medical Society Foundation generated $285.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.3% each year. All expenses for the organization totaled $183.0k during the year ending 12/2021. While expenses have increased by 7.2% 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.
Since 2015, Iowa Medical Society Foundation has awarded 35 individual grants totaling $822,844. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORT OF MEDICAL EDUCATION AND COMMUNICATION OF PUBLIC HEALTH ISSUES IN THE STATE OF IOWA
Describe the Organization's Program Activity:
Part 3 - Line 4a
FINANCIAL SUPPORT FOR PROGRAMS AND ACTIVITIES WHICH ENHANCE THE IMAGE OF PHYSICIANS AND PROMOTE THE PUBLIC HEALTH OF IOWANS.
FUNDING OF MEDICAL STUDENT SCHOLARSHIPS AND STUDY GRANTS. CONTRIBUTIONS ARE MADE TO DES MOINES UNIVERSITY WHICH ADMINISTERS A SCHOLARSHIP PROGRAM FOR ITS STUDENTS, AND STUDY GRANTS AWARDED TO INDIVIDUAL MEDICAL STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian Privett MD Chair | OfficerTrustee | 2 | $0 |
Tiffani Milless Vice Chair | OfficerTrustee | 1 | $0 |
Michael Flesher Secretary/tr | OfficerTrustee | 3.75 | $0 |
Dennis Tibben Secretary/tr | Officer | $0 | |
Steven Churchill CEO | Officer | $0 | |
Marygrace Elson 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 | $63,967 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $63,967 |
| Total Program Service Revenue | $0 |
| Investment income | $63,926 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $157,587 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $285,480 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $127,677 |
| Grants and other assistance to domestic individuals. | $6,688 |
| 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 | $30,000 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,580 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $10,874 |
| Fees for services: Other | $0 |
| Advertising and promotion | $107 |
| Office expenses | $99 |
| 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 | $0 |
| Total functional expenses | $183,025 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $51,655 |
| Savings and temporary cash investments | $0 |
| 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 | $2,132,841 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,184,496 |
| 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 | $0 |
| 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 | $2,184,496 |
| Total liabilities and net assets/fund balances | $2,184,496 |
Grants Awarded
Over the last fiscal year, Iowa Medical Society Foundation has awarded $117,300 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
Des Moines, IA PURPOSE: BURNOUT PROGRAM | $30,000 |
Des Moines, IA PURPOSE: TELEHEALTH WORK | $24,800 |
Des Moines, IA PURPOSE: COVID ASSISTANCE | $20,000 |
Des Moines, IA PURPOSE: DIVERSITY/EQUITY/INC | $15,000 |
Des Moines, IA PURPOSE: CANDOR CONFERENCE | $10,000 |
Des Moines, IA PURPOSE: VACCINATIONS | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Iowa Medical Society Foundation has recieved totaling $49,600.
| Awarding Organization | Amount |
|---|---|
The Physicians Foundation Inc Austin, TX PURPOSE: TO SUPPORT TELEHEALTH IN RURAL AMERICA | $49,600 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Trilogy Inc Chicago, IL | $15,390,124 | $38,855,480 |
Family Institute Evanston, IL | $24,399,945 | $35,971,873 |
Hektoen Institute For Medical Research Chicago, IL | $65,726,936 | $31,693,206 |
Usona Institute Inc Madison, WI | $38,737,266 | $18,840,870 |
Advanced Textiles Association Roseville, MN | $7,913,490 | $8,259,339 |
Center For Veterans Research And Education Minneapolis, MN | $6,193,088 | $7,313,382 |
Harvey W Peters Research Foundation Sioux Falls, SD | $130,706,719 | $7,428,166 |
Chicago Association For Research And Education In Science Hines, IL | $11,790,723 | $5,694,956 |
International Association Of Assessing Officers Kansas City, MO | $8,352,276 | $4,892,120 |
Michael Reese Research And Education Foundation Chicago, IL | $25,901,146 | $3,650,987 |
International Society For Stem Cell Research Skokie, IL | $8,137,846 | $3,959,599 |
Well Resource Center Pella, IA | $3,360,975 | $3,363,505 |