Utah Medical Association Foundation
- Assets
- $5.1m
- Revenue
- $300.3k
- Investments
- $4.8m
- Employees
- 0
- Location
- Salt Lake City, UT
- Founding
- 08/1964
- Data as of
- 12/2021
- 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 12/2021, Utah Medical Association Foundation generated $300.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (8.3%) each year. All expenses for the organization totaled $316.7k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (8.4%) 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 199 individual grants totaling $1,076,750. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED GRANTS TO 38 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
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephanie M Singer DO Director | 0 | $0 | |
Eric V Smart MD Director | 0 | $0 | |
Brian Zehnder MD Director | 0 | $0 | |
Michelle Mcomber MBA Sec/treas | 0 | $0 | |
Brian C Hales MD Chairman | 0 | $0 | |
Steven K Miller MD Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $191,474 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $11,163 |
| Capital Gain Net Income | $11,163 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $97,708 |
| Total Revenue | $300,345 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,141 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $74,130 |
| Total operating and administrative expenses | $122,747 |
| Contributions, gifts, grants paid | $194,000 |
| Total expenses and disbursements | $316,747 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $91,018 |
| Savings and temporary cash investments | $205,229 |
| 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 | $501 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $5,129,026 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Utah Medical Association Foundation has awarded $194,000 in support to 38 organizations.
| Grant Recipient | Amount |
|---|---|
Salt Lake City, UT PURPOSE: FUND THE 4TH STREET CLINIC AND PROVIDE MEDICAL CARE TO HOMELESS INCLUDING VACCINATIONS, SCREENING, AND ACUTE CARE FOR INJURIES AND ILLNESS | $25,000 |
MALIHEH FREE CLINIC PURPOSE: TO FUND ROUTINE MEDICAL SERVICES FOR LOW-INCOME AND UNINSURED | $20,000 |
Park City, UT PURPOSE: TO FUND PRIMARY HEALTHCARE FOR LOW TO MIDDLE INCOME PEOPLE | $20,000 |
HEALTH ACCESS PROJECT PURPOSE: FUND SPECIALIZED CASE MANAGEMENT SERVICES | $20,000 |
THE DOCTORS VOLUNTEER CLINIC PURPOSE: FUNDING TO STAFF AN MA/CASE MANAGER THAT ASSISTS VOLUNTEER PHYSICIANS | $15,000 |
Provo, UT PURPOSE: TO FUND VOLUNTEER PROVIDER NETWORK | $9,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Utah Medical Association Foundation has recieved totaling $75,000.
| Awarding Organization | Amount |
|---|---|
The Physicians Foundation Inc Austin, TX PURPOSE: TO SUPPORT A PHYSICIAN LEADERSHIP PROGRAM | $75,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Classical Academy Colorado Springs, CO | $97,154,437 | $39,391,484 |
Spectrum Healthcare Group Inc Cottonwood, AZ | $17,862,058 | $29,292,227 |
University Studies Abroad Consortium Reno, NV | $41,233,258 | $28,044,577 |
Arizona Agribusiness & Equine Center Phoenix, AZ | $41,363,992 | $18,352,142 |
Northwest Christian School Phoenix, AZ | $14,587,608 | $15,711,697 |
Fit Kids Inc Scottsdale, AZ | $27,357,951 | $13,904,484 |
Center For Academic Success Sierra Vista, AZ | $18,278,347 | $12,993,576 |
Denver Scholarship Foundation Denver, CO | $33,817,323 | $13,999,484 |
Bluum Inc Boise, ID | $2,040,780 | $9,996,338 |
Shonto Governing Board Of Education Inc Shonto, AZ | $17,193,292 | $18,993,066 |
Early Light Academy South Jordan, UT | $20,669,504 | $8,816,501 |
Riverstone Community School Inc Boise, ID | $14,062,968 | $7,409,648 |