Medserve Foundation Inc
- Assets
- $7.6m
- Revenue
- $158.4k
- Investments
- $7.4m
- Employees
- 0
- Location
- Rockville, MD
- Founding
- 10/1995
- Data as of
- 12/2023
- EIN
- 52-1934323
Organization Overview
Medserve Foundation Inc is located in Rockville, MD. The organization was established in 1995. According to its NTEE Classification (Q30) the organization is classified as: International Development, under the broad grouping of International, Foreign Affairs & National Security and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Medserve Foundation Inc 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, Medserve Foundation Inc generated $158.4k 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 (11.0%) each year. All expenses for the organization totaled $464.3k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Medserve Foundation Inc has awarded 66 individual grants totaling $552,663. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mubashar A Choudry Director | 1 | $0 | |
Isfundyar Choudry President & CEO | 40 | $320,000 | |
Minahill Meelu Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $64,250 |
| Interest on Savings | $8,512 |
| Dividends & Interest | $68,921 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $16,685 |
| Capital Gain Net Income | $16,685 |
| Net ST Capital Gain | $13,999 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $158,368 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $320,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $14,835 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $536 |
| Printing and publications | $0 |
| Other expenses | $13,686 |
| Total operating and administrative expenses | $353,057 |
| Contributions, gifts, grants paid | $111,238 |
| Total expenses and disbursements | $464,295 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $96,139 |
| 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 | $7,440,615 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $29,114 |
| Total assets | $7,565,868 |
| 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 | $1,256 |
| Total liabilities | $1,256 |
Grants Awarded
Over the last fiscal year, Medserve Foundation Inc has awarded $111,238 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
AHMADIYYA MOVEMENT IN ISLAM PURPOSE: EDUCATIONAL, HEALTH AND MEDICAL, RELIGIOUS | $20,418 |
HUMAN DEVELOPMENT FOUNDATION PURPOSE: SOCIAL | $8,000 |
ASSOCIATION OF PHYSICIANS OF PAKIST PURPOSE: HEALTH AND MEDICAL | $31,000 |
JOHN HOPKINS UNIVERSITY MEDICINE PURPOSE: HEALTH & MEDICAL | $15,000 |
MOUNT SINAI HEALTH SYSTEM PURPOSE: HEALTH MEDICAL | $25,000 |
MASROOR CRICKET CLUB PURPOSE: CRICKET SUPPORT | $1,500 |