Project Medsend
- Assets
- $3.8m
- Revenue
- $3.0m
- Investments
- $0.0
- Employees
- 18
- Location
- Fort Mill, SC
- Founding
- 06/1993
- Data as of
- 06/2022
- EIN
- 75-2470543
Organization Overview
Project Medsend is located in Fort Mill, SC. The organization was established in 1993. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. As of 06/2022, Project Medsend employed 18 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Project Medsend 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 06/2022, Project Medsend generated $3.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.4% each year. All expenses for the organization totaled $3.1m during the year ending 06/2022. While expenses have increased by 4.3% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Project Medsend has awarded 17 individual grants totaling $2,079,756. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
MEDSEND PROVIDES EDUCATIONAL LOAN REPAYMENT GRANTS TO CHRISTIAN HEALTHCARE PROFESSIONALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEDSEND TO THE WORLD - TO REPAY THE EDUCATIONAL LOANS OF HEALTH CARE WORKERS AS THEY SERVE AT HOME (USA) AND ABROAD.
NATIONAL SCHOLARS - TO PAY FOR THE EDUCATIONAL EXPENSES INCURRED BY APPROVED GRANT RECIPIENTS RELATED TO MEDICAL RESIDENCY PROGRAMS CONDUCTED BY MEDSEND INTERNATIONAL ASSOCIATES.
LONGEVITY PROGRAM - TO INCREASE THE AVERAGE LENGTH OF SERVICE OF THE MEDSEND GRANT RECIPIENT MISSIONARY BY FOCUSING ON RESILIENCE AND SUSTAINABILITY, SEEKING TO IMPROVE THEIR PROFESSIONAL, PERSONAL, AND SPIRITUAL WELLBEING.
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 |
|---|---|---|---|
Richard Allen President/ceo | Officer | 40 | $128,802 |
John Simontacchi Senior VP Of Development | 40 | $102,886 | |
Morgan Boardman Chief Development Officer | 40 | $101,777 | |
Robin Nichols Treasurer/director (part Year) | OfficerTrustee | 2 | $0 |
Douglas A Drevets MD Chairman/director | OfficerTrustee | 4 | $0 |
Shane Higby Treasurer/director | OfficerTrustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $284,451 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,711,298 |
| Noncash contributions included in lines 1a–1f | $51,528 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,995,749 |
| Total Program Service Revenue | $16,474 |
| Investment income | $1,957 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$33,337 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,980,843 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $918,449 |
| Grants and other assistance to Foreign Orgs/Individuals | $712,500 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $150,745 |
| Compensation of current officers, directors, key employees. | $23,516 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $642,661 |
| Pension plan accruals and contributions | $43,108 |
| Other employee benefits | $70,001 |
| Payroll taxes | $61,137 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $11,063 |
| Fees for services: Accounting | $19,894 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $37,500 |
| Fees for services: Investment Management | $78 |
| Fees for services: Other | $116,470 |
| Advertising and promotion | $0 |
| Office expenses | $35,383 |
| Information technology | $40,277 |
| Royalties | $0 |
| Occupancy | $17,516 |
| Travel | $116,863 |
| 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 | $0 |
| Insurance | $4,677 |
| All other expenses | $42,420 |
| Total functional expenses | $3,137,664 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $93,266 |
| Savings and temporary cash investments | $1,978,908 |
| Pledges and grants receivable | $1,060,419 |
| 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 | $0 |
| Net Land, buildings, and equipment | $1,456 |
| Investments—publicly traded securities | $631,863 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,765,912 |
| Accounts payable and accrued expenses | $67,645 |
| 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 | $0 |
| Total liabilities | $67,645 |
| Net assets without donor restrictions | $3,333,435 |
| Net assets with donor restrictions | $364,832 |
| 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 | $3,765,912 |
Grants Awarded
Over the last fiscal year, Project Medsend has awarded $1,116,758 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
Marion, IN PURPOSE: PROVIDE FUNDS FOR GBL PROG WHICH ENABLE NATIONAL DRS TO COMPLETE ADVANCED MEDICAL ED. | $215,879 |
Marion, IN PURPOSE: PROVIDE FUNDS FOR GBL PROG WHICH ENABLE NATIONAL DRS TO COMPLETE ADVANCED MEDICAL ED. | $215,879 |
Palatine, IL PURPOSE: PROVIDE FUNDS FOR GBL PROG WHICH ENABLE NATIONAL DRS TO COMPLETE ADVANCED MEDICAL ED. | $175,000 |
Palatine, IL PURPOSE: PROVIDE FUNDS FOR GBL PROG WHICH ENABLE NATIONAL DRS TO COMPLETE ADVANCED MEDICAL ED. | $175,000 |
Grand Rapids, MI PURPOSE: PROVIDE FUNDS FOR GBL PROG WHICH ENABLE NATIONAL DRS TO COMPLETE ADVANCED MEDICAL ED. | $100,000 |
Grand Rapids, MI PURPOSE: PROVIDE FUNDS FOR GBL PROG WHICH ENABLE NATIONAL DRS TO COMPLETE ADVANCED MEDICAL ED. | $100,000 |
Grants Recieved
Over the last fiscal year, we have identified 10 grants that Project Medsend has recieved totaling $513,499.
| Awarding Organization | Amount |
|---|---|
International Generosity Foundation Trust Clearwater, FL PURPOSE: GROWTH | $250,000 |
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: EVANGELISM | $146,160 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $49,800 |
Tyndale House Ministries Carol Stream, IL PURPOSE: General program support | $20,000 |
American Gift Fund Wilmington, DE PURPOSE: OPERATIONS | $20,000 |
Eternal Perspective Ministries Sandy, OR PURPOSE: RELIEF | $6,105 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Morehead Cain Foundation Chapel Hill, NC | $0 | $13,275,596 |
Education Foundation Scholarship Endowment Trust Chapel Hill, NC | $389,903,195 | $25,351,334 |
Hire Heroes Usa Alpharetta, GA | $7,840,449 | $13,205,192 |
Apogee Georgia School Choice Scholarship Fund Atlanta, GA | $21,549,156 | $14,581,744 |
Amity Medical Group Inc Charlotte, NC | $3,300,228 | $10,911,191 |
Inspire Brands Foundation Inc Atlanta, GA | $11,528,068 | $11,993,911 |
Beemok Family Foundation Charleston, SC | $51,753,352 | $227,490 |
Watson-Brown Foundation Inc Thomson, GA | $0 | $9,697,974 |
Laura Holland Uzzell Foundation Morrisville, NC | $14,769,987 | $6,660,101 |
Alef Fund Inc Atlanta, GA | $10,107,377 | $6,194,898 |
University Of West Georgia Foundation Inc Carrollton, GA | $86,140,941 | $10,389,838 |
South Carolina Educational Credit For Exceptional Needs Children Fun Columbia, SC | $1,181,238 | $5,546,279 |