Maryland Hospital Education And Research Foundation Incorporated
- Assets
- $1.3m
- Revenue
- $988.2k
- Investments
- $289.0k
- Employees
- 4
- Location
- Elkridge, MD
- Founding
- 10/1968
- Data as of
- 12/2023
- EIN
- 52-0901664
Organization Overview
Maryland Hospital Education And Research Foundation Incorporated is located in Elkridge, MD. The organization was established in 1968. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. As of 12/2023, Maryland Hospital Education And Research Foundation Incorporated employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Maryland Hospital Education And Research Foundation Incorporated 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, Maryland Hospital Education And Research Foundation Incorporated generated $988.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (4.6%) each year. All expenses for the organization totaled $1.0m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (9.9%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE SEMINARS & PUBLICATIONS FOR MEMBER HOSPITAL PERSONNEL & OTHER HEALTHCARE ORGANIZATIONS TO PROMOTE OPERATIONAL IMPROVEMENT IN HOSPITALS.
Describe the Organization's Program Activity:
SEMINARS, CONSULTING AND PUBLICATIONS FOR MEMBER HOSPITAL PERSONNEL AND OTHER HEALTHCARE ORGANIZATIONS PERTAINING TO THE HEALTHCARE FIELD, PROMOTING OPERATIONAL IMPROVEMENTS IN HOSPITALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sunil Madan MD Cpe Facep Vice Chair/secretary | OfficerTrustee | 5 | $0 |
Terry Lovell Mas Director | Trustee | 1 | $0 |
Mitchell Schwartz MD Director | Trustee | 1 | $0 |
Linda Jones Mha CPCU Director | Trustee | 1 | $0 |
Nicole Rochester MD Board Chair | OfficerTrustee | 5 | $0 |
Mshafeeq Ahmed MD MBA Facog Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $126,199 |
| Fundraising events | $0 |
| Related organizations | $20,352 |
| 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 | $146,551 |
| Total Program Service Revenue | $814,992 |
| Investment income | $20,447 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $466 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $988,200 |
| 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. | $227,936 |
| Compensation of current officers, directors, key employees. | $45,587 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $307,138 |
| Pension plan accruals and contributions | $16,010 |
| Other employee benefits | $55,010 |
| Payroll taxes | $37,173 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| 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 | $2,036 |
| Information technology | $10,371 |
| Royalties | $0 |
| Occupancy | $52,601 |
| Travel | $5,526 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $40,295 |
| Interest | $60 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,800 |
| Insurance | $4,277 |
| All other expenses | $4,455 |
| Total functional expenses | $1,017,428 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $199,105 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $50,991 |
| 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 | $6,710 |
| Net Land, buildings, and equipment | $230 |
| Investments—publicly traded securities | $728,160 |
| Investments—other securities | $289,040 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,494 |
| Total assets | $1,278,730 |
| Accounts payable and accrued expenses | $67,209 |
| Grants payable | $0 |
| Deferred revenue | $42,418 |
| 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 | $109,627 |
| Net assets without donor restrictions | $1,169,103 |
| 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 | $1,278,730 |
Grants Awarded
Over the last fiscal year, Maryland Hospital Education And Research Foundation Incorporated has awarded $3,664,716 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
MARYLAND ORGANIZATION OF NURSE LEADERS PURPOSE: SUPPORT EXPANSION OF THE MONL PILOT PROGRAM TO ALL MD HOSPITALS INTERESTED IN PARTICIPATING. | $1,808,491 |
TOWSON UNIVERSITY PURPOSE: INCREASE NUMBER OF GRADUATING NURSES IN MARYLAND | $28,453 |
WOR-WIC COMMUNITY COLLEGE PURPOSE: INCREASE NUMBER OF GRADUATING NURSES IN MARYLAND - RETURN OF UNSPENT FUNDS | -$2,041 |
BOWIE STATE UNIVERSITY FOUNDATION PURPOSE: RETURN OF UNSPENT FUNDSINCREASE NUMBER OF GRADUATING NURSES IN MARYLAND - RETURN OF UNSPENT FUNDS | -$2,545 |
MARYLAND ORGANIZATION OF NURSE LEADERS PURPOSE: SUPPORT EXPANSION OF THE MONL PILOT PROGRAM TO ALL MD HOSPITALS INTERESTED IN PARTICIPATING. | $1,808,491 |
TOWSON UNIVERSITY PURPOSE: INCREASE NUMBER OF GRADUATING NURSES IN MARYLAND | $28,453 |