Utah Medical Association Foundation
- Assets
- $4.4m
- Revenue
- $516.8k
- Investments
- $4.2m
- Employees
- 0
- Location
- Salt Lake City, UT
- Founding
- 08/1964
- Data as of
- 12/2022
- EIN
- 87-6122299
Organization Overview
Utah Medical Association Foundation is located in Salt Lake City, UT. The organization was established in 1964. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Utah Medical Association Foundation 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 12/2022, Utah Medical Association Foundation generated $516.8k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.8%) each year. All expenses for the organization totaled $349.3k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (5.9%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Utah Medical Association Foundation has awarded 272 individual grants totaling $1,526,040. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED GRANTS TO 34 ORGANIZATIONS TO PROVIDE DIRECT, ONGOING HEALTHCARE SERVICES TO INDIVIDUALS. THESE INCLUDE OPERATIONAL GRANTS FOR LOW INCOME CLINICS, SUPPORT SERVICES FOR YOUTHS IN ABUSIVE SITUATIONS, GRIEF SUPPORT AND COUNSELING, AND EQUIPMENT FOR INDIVIDUALS IN REHABILITATION, AMONG OTHER THINGS.
PROVIDED CONTINUING MEDICAL EDUCATION COURSES IN COOPERATION WITH THE UTAH MEDIAL ASSOCIATION
PROVIDED EDUCATION AND GUIDELINES REGARDING CONTROLLED SUBSTANCES
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 |
|---|---|---|---|
Brian Zehnder MD Chairman | 0 | $0 | |
Michelle Mcomber MBA Sec/treas | 0 | $0 | |
Eric V Smart MD Director | 0 | $0 | |
Suzanne Harrison MD Director | 0 | $0 | |
Steven K Miller MD Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,952 |
| Interest on Savings | $0 |
| Dividends & Interest | $211,750 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $170,625 |
| Capital Gain Net Income | $171,470 |
| Net ST Capital Gain | $63,958 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $132,467 |
| Total Revenue | $516,794 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $7,116 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $52,691 |
| Total operating and administrative expenses | $104,302 |
| Contributions, gifts, grants paid | $245,040 |
| Total expenses and disbursements | $349,342 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $58,782 |
| Savings and temporary cash investments | $164,233 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,433,865 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $21,000 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $2,313 |
| Total liabilities | $23,313 |
Grants Awarded
Over the last fiscal year, Utah Medical Association Foundation has awarded $224,040 in support to 34 organizations.
| Grant Recipient | Amount |
|---|---|
ALLIANCE HOUSE INC PURPOSE: FUNDING FOR THEIR CLUBHOUSE MODEL PROGRAM | $2,000 |
MALIHEH FREE CLINIC PURPOSE: FUNDING TO SUPPORT HEALTHY FAMILIES SUPPORT PROGRAM | $20,000 |
UTAH PARTNERS FOR HEALTH PURPOSE: FUNDING TO SUPPORT UTAH PARTNERS FOR HEALTH AND A NEED FOR VISION EQUIPMENT | $12,340 |
PBS UTAH PURPOSE: TO FUND HEALTH EDUCATION PROGRAMMING | $3,000 |
FIT TO RECOVER PURPOSE: FUNDING TO EXPAND FITNESS OFFERINGS | $3,000 |
OGDEN SURGICAL MEDICAL SOCIETY PURPOSE: TO FUND THE OSMS CONFERENCE HOUR LECTURES AUDIO & VISUAL, ETC. HELD AT WEBER STATE UNIVERSITY | $500 |