Missouri State Medical Foundation
- Assets
- $8.3m
- Revenue
- $401.6k
- Investments
- $7.3m
- Employees
- 0
- Location
- Jefferson City, MO
- Founding
- 01/1962
- Data as of
- 12/2021
- EIN
- 43-6033780
Organization Overview
Missouri State Medical Foundation is located in Jefferson City, MO. The organization was established in 1962. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Missouri State 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 12/2021, Missouri State Medical Foundation generated $401.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.6% each year. All expenses for the organization totaled $417.9k during the year ending 12/2021. While expenses have increased by 8.0% 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 2017, Missouri State Medical Foundation has awarded 37 individual grants totaling $1,234,184. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS: THE FOUNDATION GIVES SCHOLARSHIPS TO SIX MEDICAL SCHOOLS IN MISSOURI. THE PURPOSE IS TO ASSIST MISSOURI MEDICAL SCHOOL STUDENTS WITH FINANCIAL AID.
PRIOR TO 2017, THE FOUNDATION OFFERED LOWER COST LOANS TO MEDICAL STUDENTS TO ALLEVIATE SOME OF THE MEDICAL SCHOOL DEBT BURDEN. THE FOUNDATION CONTINUES TO COLLECT PRINCIPAL AND INTEREST PAYMENTS ON THE OUTSTANDING MEDICAL STUDENT LOANS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Deb Snyder Trustee | 1 | $0 | |
Stephen Halpin MD Trustee | 1 | $0 | |
Edmond Cabbabe MD Trustee | 1 | $0 | |
Chris Jung MD President | 1 | $0 | |
Ted Groshong MD Trustee | 1 | $0 | |
Ramona Behshad MD Vice President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $12,379 |
| Interest on Savings | $366 |
| Dividends & Interest | $156,387 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $190,703 |
| Capital Gain Net Income | $190,703 |
| Net ST Capital Gain | $190,703 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $41,758 |
| Total Revenue | $401,593 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,258 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $45 |
| Other expenses | $8,561 |
| Total operating and administrative expenses | $112,866 |
| Contributions, gifts, grants paid | $305,000 |
| Total expenses and disbursements | $417,866 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $369,349 |
| Savings and temporary cash investments | $0 |
| 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 | $524,275 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $88,362 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $45,017 |
| Total assets | $8,266,476 |
| 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 | $186,755 |
| Total liabilities | $186,755 |
Grants Awarded
Over the last fiscal year, Missouri State Medical Foundation has awarded $305,000 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
KCU SCHOOL OF MEDICINE PURPOSE: SCHOLARSHIP | $50,000 |
UMKC SCHOOL OF MEDICINE PURPOSE: SCHOLARSHIP | $50,000 |
UNIVERSITY OF MISSOURI SCHOOL OF ME PURPOSE: SCHOLARSHIP | $50,000 |
Kirksville, MO PURPOSE: SCHOLARSHIP | $50,000 |
WASHINGTON UNIVERSITY SCHOOL OF MED PURPOSE: SCHOLARSHIP | $50,000 |
ST LOUIS UNIVERSITY SCHOOL OF MEDIC PURPOSE: SCHOLARSHIP | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Equity Fund Inc Chicago, IL | $118,912,735 | $59,533,345 |
Education Loan Finance Inc Knoxville, TN | $2,281,627,256 | $227,234,757 |
Iowa Student Loan Liquidity Corp West Des Moines, IA | $1,230,053,718 | $45,688,659 |
Noble Research Institute Llc Ardmore, OK | $149,630,598 | $47,833,341 |
National Merit Scholarship Corporation Evanston, IL | $183,825,978 | $50,191,294 |
Evans Scholars Foundation Glenview, IL | $101,873,087 | $62,566,812 |
Folds Of Honor Foundation Owasso, OK | $73,033,715 | $51,158,137 |
Wichita Center For Graduate Medical Education Inc Wichita, KS | $5,382,351 | $22,892,628 |
Nebraska Student Loan Program Inc Lincoln, NE | $230,624,169 | $45,453,979 |
Hca Healthcare Foundation Nashville, TN | $97,582,102 | $44,453,527 |
Future Leaders Of Americafoundation Inc Chicago, IL | $0 | $13,517,008 |
Kansas City Scholars Inc Kansas City, MO | $5,810,030 | $12,156,402 |