Corporation For Advancement Of Medical Technologies
- Assets
- $1.5m
- Revenue
- $681.0k
- Investments
- $0.0
- Employees
- 9
- Location
- Boston, MA
- Founding
- 08/1998
- Data as of
- 12/2023
- EIN
- 52-2079827
Organization Overview
Corporation For Advancement Of Medical Technologies is located in Boston, MA. The organization was established in 1998. As of 12/2023, Corporation For Advancement Of Medical Technologies employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Corporation For Advancement Of Medical Technologies 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, Corporation For Advancement Of Medical Technologies generated $681.0k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (2.8%) each year. All expenses for the organization totaled $924.5k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE LEADERSHIP IN EXPEDITING ADVANCES IN PROSTATE CANCER CARE THRU AWARENESS & RESEARCH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESEARCH- THE ORGANIZATION IDENTIFIES FUNDS AND ADMINISTERS RESEARCH & DEVELOPMENT PROJECTS CONDUCTED AT LEADING ACADEMIC AND INDUSTRIAL INSTITUTIONS TO EXPEDITE THE ADVANCEMENT OF TECHNOLOGIES THAT IMPROVE DIAGNOSIS AND TREATMENT OF LIFE THREATENING DISEASES.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Faina Shtern MD President | OfficerTrustee | 40 | $181,157 |
Carolyn Reul Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $531,250 |
| All other contributions, gifts, grants, and similar amounts not included above | $126,666 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $657,916 |
| Total Program Service Revenue | $0 |
| Investment income | $24,531 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$1,430 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $681,017 |
| 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. | $181,157 |
| Compensation of current officers, directors, key employees. | $4,645 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $201,220 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $29,758 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $30,687 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $383,590 |
| Advertising and promotion | $0 |
| Office expenses | $6,915 |
| Information technology | $17,360 |
| Royalties | $0 |
| Occupancy | $51,418 |
| Travel | $239 |
| 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 | $492 |
| Insurance | $4,942 |
| All other expenses | $306 |
| Total functional expenses | $924,465 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $95,746 |
| Savings and temporary cash investments | $824,531 |
| Pledges and grants receivable | $531,250 |
| 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 | $693 |
| Net Land, buildings, and equipment | $2,462 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $49,554 |
| Total assets | $1,504,236 |
| Accounts payable and accrued expenses | $35,394 |
| 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 | $55,637 |
| Total liabilities | $91,031 |
| Net assets without donor restrictions | $1,248,334 |
| Net assets with donor restrictions | $164,871 |
| 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 | $1,504,236 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Boston Va Research Institute Inc Boston, MA | $28,144,486 | $17,108,717 |
Ocean State Research Institute Inc Providence, RI | $2,727,296 | $5,983,699 |
Nassau Health Care Foundation Inc East Meadow, NY | $5,128,646 | $2,169,556 |
Veterans Health Research Institute Of Central New York Inc Syracuse, NY | $890,429 | $1,597,730 |
Reliant Foundation Inc Worcester, MA | $27,900,604 | $695,207 |
Corporation For Advancement Of Medical Technologies Boston, MA | $1,504,236 | $681,017 |
Carl J Shapiro Institute For Education & Research At Harvard Boston, MA | $5,019,537 | $631,964 |
Mcgrorty Foundation Inc Brewster, NY | $4,084,476 | $208,371 |
The Albert And Lin Bildner Foundation Inc New York, NY | $785,475 | $46,590 |
American Federation For Medical Research Foundation Beverly, MA | $137,918 | $0 |
Cancer Research Foundation Inc Chappaqua, NY | $135,192 | $0 |