Nesbitt Medical Student Foundation
- Assets
- $787.2k
- Revenue
- $41.7k
- Investments
- $787.2k
- Employees
- 0
- Location
- Evansville, IN
- Founding
- 10/1975
- Data as of
- 12/2023
- EIN
- 51-0171682
Organization Overview
Nesbitt Medical Student Foundation is located in Evansville, IN. The organization was established in 1975. 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. Nesbitt Medical Student 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, Nesbitt Medical Student Foundation generated $41.7k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 8.1% each year. All expenses for the organization totaled $57.8k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Nesbitt Medical Student Foundation has awarded 29 individual grants totaling $189,625. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIP GRANTS TO MEDICAL SCHOOL STUDENTS
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $19,234 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $21,129 |
| Capital Gain Net Income | $21,129 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,300 |
| Total Revenue | $41,663 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $12,579 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $70 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $118 |
| Total operating and administrative expenses | $13,767 |
| Contributions, gifts, grants paid | $44,000 |
| Total expenses and disbursements | $57,767 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| 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 | $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 | $787,188 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $787,188 |
| 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, Nesbitt Medical Student Foundation has awarded $44,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
GEORGE WASHINGTON UNIVERSITY PURPOSE: SCHOLARSHIP | $10,000 |
MIDWESTERN UNIVERSITY PURPOSE: SCHOLARSHIP | $8,000 |
LAKE ERIE COLLEGE OF OSTEOPATHIC PURPOSE: SCHOLARSHIP | $7,000 |
NORTHWESTERN UNIVERSITY FEINBERG PURPOSE: SCHOLARSHIP | $12,000 |
UNIVERSITY OF ILLINOIS PURPOSE: SCHOLARSHIP | $7,000 |