Graduate Medical Education Consortium Of Southwest Virginia
- Assets
- $349.5k
- Revenue
- $256.3k
- Investments
- $0.0
- Employees
- 1
- Location
- Wytheville, VA
- Founding
- 11/2017
- Data as of
- 06/2022
- EIN
- 81-3537853
Organization Overview
Graduate Medical Education Consortium Of Southwest Virginia is located in Wytheville, VA. The organization was established in 2017. According to its NTEE Classification (T50) the organization is classified as: Philanthropy, Charity & Voluntarism Promotion, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Graduate Medical Education Consortium Of Southwest Virginia 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, Graduate Medical Education Consortium Of Southwest Virginia generated $256.3k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 10.8% each year . All expenses for the organization totaled $145.5k during the year ending 06/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
IMPROVE THE QUALITY OF PRIMARY CARE WITHIN SOUTHWEST VIRGINIA BY FORMING EDUCATIONAL PARTNERSHIPS OF LOCAL PHYSICIANS WITH PRIMARY CARE RESIDENCY PROGRAMS
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESEARCH SUPPORT: FACULTY, RESIDENTS, MEDICAL STUDENTS AND PRE-MEDICAL STUDENTS CAN APPLY FOR POSTER PRESENTATION OR SPEAKING ENGAGEMENT SUPPORT, FOR FIELD RESEARCH SUPPLIES AND EQUIPMENT. GMEC ASSESSES REQUESTS BASED ON THE PRESENTATION OF REGIONAL KNOWLEDGE BY REGIONAL PROFESSIONALS AT NATIONAL CONFERENCES, AND/OR THE BRINGING BACK OF SPECIFIC KNOWLEDGE BY RESIDENTS OR FACULTY INTENDING TO REMAIN IN THE AREA, WHO TEACH OTHER DOCTORS THE TECHNIQUE.
HEAD FOR THE HILLS: ANNUAL CME CONFERENCEC FOR LOCAL DOCTORS. PROVIDE FREE TRAINING TO PROVIDERS, UPDATES ON CDC GUIDELINES FOR SUD CARE, AND PROVIDES NETWORK TIME FOR RESIDENTS TO MEET ESTABLISHED DOCTORS AT INDEPENDENT CLINICS FOR POTENTIAL HIRING LOCALLY.
INMAN VILLAGE COMMUNITY NOURISHMENT PROJECT - PROVIDES PATHWAY PROGRAM FOR UNDERGRADUATES TO FIND SHADOWING OPPORTUNITIES, MEET MEDICAL STUDENTS AND FACULTY, AND ASSESS PROGRAMS THEY WOULD LIKE TO APPLY TO; HELPS MEDICAL STUDENTS DEVELOP CULTURAL HUMILITY AS PART OF THEIR PATIENT PRACTICE; HELPS FACULTY INTERACT WITH STUDENTS IN FIELD PRACTICE FOR LATER CRITIQUE; COMBATS REGIONAL MEDICAL MISTRUST AND MISINFORMATION BY INTRODUCING PEOPLE IN RENT-CONTROLLED HOUSING TO MEDICAL PROFESSIONALS ON A SOCIAL LEVEL
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Trisha Folds-Benett Vice Chair | OfficerTrustee | 1 | $0 |
Howard Chapman Treasurer | OfficerTrustee | 1 | $0 |
Kathy Hosig Secretary | OfficerTrustee | 1 | $0 |
Wendy Welch Executive Director | Officer | 40 | $0 |
Ward Stephens Immediate Past Chair | Trustee | 1 | $0 |
Matt Loos Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $190,258 |
| 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 | $190,258 |
| Total Program Service Revenue | $65,735 |
| Investment income | $160 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $256,339 |
| 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. | $60,000 |
| Compensation of current officers, directors, key employees. | $10,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $1,800 |
| Other employee benefits | $9,503 |
| Payroll taxes | $4,990 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,725 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,453 |
| Advertising and promotion | $0 |
| Office expenses | $2,487 |
| Information technology | $18 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $13,532 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,581 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $920 |
| All other expenses | $0 |
| Total functional expenses | $145,524 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $45,313 |
| Savings and temporary cash investments | $214,850 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $89,379 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $349,542 |
| Accounts payable and accrued expenses | $2,385 |
| 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 | $2,385 |
| Net assets without donor restrictions | $347,157 |
| 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 | $349,542 |
Peer Organizations
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|---|---|---|
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The Philanthropy Roundtable Inc Washington, DC | $16,718,572 | $10,468,910 |
Council On Foundations Inc Washington, DC | $28,475,981 | $12,025,472 |
Independent Sector Washington, DC | $46,005,638 | $15,271,435 |
Capital Research Center Washington, DC | $10,585,659 | $6,083,008 |
Rethink Charity Mineral, VA | $1,112,987 | $5,137,197 |
Phi Delta Kappa International Inc Arlington, VA | $1,144,067 | $2,025,770 |
National Center For Family Philanthropy Inc Washington, DC | $7,834,627 | $8,108,744 |
Marlene And Spencer Hays Foundation Nashville, TN | $119,169,427 | $6,377,944 |
Moments Of Hope Outreach Studley, VA | $714,742 | $2,126,416 |