The Memphis Medical Foundation Inc
- Assets
- $676.2k
- Revenue
- $695.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Memphis, TN
- Founding
- 09/1974
- Data as of
- 06/2023
- EIN
- 62-6048069
Organization Overview
The Memphis Medical Foundation Inc is located in Memphis, TN. The organization was established in 1974. 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. Memphis Medical 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 06/2023, Memphis Medical Foundation Inc generated $695.3k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 70.4% each year . All expenses for the organization totaled $687.3k during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROJECT ACCESS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Clint Cummins CEO | 1 | $0 | |
Jimmie Mancell MD President | 1 | $0 | |
Danielle Hassel MD President Elect | 1 | $0 | |
Heather Swanson MD Secretary/treasurer | 1 | $0 | |
James C Fleming MD Director | 1 | $0 | |
Farees Farooq MD Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $664,182 |
| Interest on Savings | $179 |
| Dividends & Interest | $8,038 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $22,811 |
| Capital Gain Net Income | $22,811 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $100 |
| Other Income | $0 |
| Total Revenue | $695,310 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $456,476 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $66,196 |
| Depreciation | $14,111 |
| Occupancy | $56,477 |
| Travel, conferences, and meetings | $7,129 |
| Printing and publications | $0 |
| Other expenses | $61,613 |
| Total operating and administrative expenses | $687,316 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $687,316 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,861 |
| Savings and temporary cash investments | $17,770 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $327,700 |
| 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 | $0 |
| Net Land, buildings, and equipment | $19,292 |
| Other assets | $303,561 |
| Total assets | $676,184 |
| Accounts payable and accrued expenses | $3,762 |
| 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 | $309,612 |
| Total liabilities | $313,374 |