Foundation For Medical Excellence
- Assets
- $3.7m
- Revenue
- $350.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Portland, OR
- Founding
- 04/1990
- Data as of
- 12/2021
- EIN
- 93-0632522
Organization Overview
Foundation For Medical Excellence is located in Portland, OR. The organization was established in 1990. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Foundation For Medical Excellence 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, Foundation For Medical Excellence generated $350.5k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.2%) each year. All expenses for the organization totaled $513.3k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (2.2%) per year over the past 7 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE EXCELLENCE IN MEDICINE, TO IMPROVE THE QUALITY OF HEALTHCARE AND TO ADVANCE SOUND HEALTH POLICY IN THE PACIFIC NORTHWEST THROUGH EDUCATION PROGRAMS, COLLABORATIVE INITIATIVES AND RESEARCH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEDICAL EDUCATION PROGRAMS AND LECTURES TO ADDRESS COMMUNICATION SKILLS, MEDICAL DECISION-MAKING, PHYSICIAN WELL-BEING, MEDICAL PROFESSIONALISM, LEADERSHIP DEVELOPMENT, HEALTH POLICY AND FINANCING AND EMERGING PRIORITIES FOR MEDICAL EDUCATION AND THE PREPARATION OF PHYSICIANS. PHYSICIAN WORK FORCE PRIORITIES ARE ALSO ADDRESSED BY A SCHOLARSHIP PROGRAM LINKED TO THE PROFESSIONAL DEVELOPMENT OF MEDICAL STUDENTS AND RESIDENTS TO MEET THE NEEDS OF THE REGION (APPROXIMATELY 1,000 PARTICIPANTS).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Timothy Goldfarb President | Officer | 20 | $84,000 |
Jan Murdock Director Of Edu | Officer | 20 | $60,000 |
Charles Kilo MD Chairman | OfficerTrustee | 0.5 | $0 |
Robert M Keating JD Vice-Chairman | OfficerTrustee | 0.5 | $0 |
Lewis Low MD Director | Trustee | 0.5 | $0 |
William Johnson MD Director | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Jan Murdock Dir. Of Education | 12/30/21 | $0 |
Timothy Goldfarb Executive Director | 12/30/21 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $31,030 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $31,030 |
| Total Program Service Revenue | $234,528 |
| Investment income | $82,590 |
| 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 | $350,531 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $20,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $144,000 |
| Compensation of current officers, directors, key employees. | $10,002 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $288,757 |
| Advertising and promotion | $0 |
| Office expenses | $14,139 |
| Information technology | $4,085 |
| Royalties | $0 |
| Occupancy | $17,004 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $15,762 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $7,858 |
| All other expenses | $0 |
| Total functional expenses | $513,337 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $66,336 |
| Savings and temporary cash investments | $277,768 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $11,250 |
| 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 | $4,638 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $3,228,295 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $105,678 |
| Total assets | $3,693,965 |
| Accounts payable and accrued expenses | $15,133 |
| 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 | $15,133 |
| Net assets without donor restrictions | $2,954,895 |
| Net assets with donor restrictions | $723,937 |
| 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 | $3,693,965 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Foundation For Medical Excellence has recieved totaling $39,750.
| Awarding Organization | Amount |
|---|---|
Heatherington Foundation For Innovation And Education In Healt Portland, OR PURPOSE: CONTRIBUTION TO KITZHABER CHAIR ON HEALTH POLICY | $15,000 |
Oregon Association Of Hospital Research And Education Foundation Lake Oswego, OR PURPOSE: HEALTHCARE STUDIES | $15,000 |
St Charles Health System Inc Bend, OR PURPOSE: Promote quality healthcare | $9,750 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Charles Drew University Of Medicine & Science Los Angeles, CA | $239,334,400 | $90,292,503 |
Loma Linda University Behavioral Medicine Center Inc Redlands, CA | $40,835,378 | $40,426,826 |
Symposia Medicus Inc Pleasant Hill, CA | $9,548,049 | $7,060,600 |
Oregon College Of Oriental Medicine Portland, OR | $13,674,480 | $5,613,074 |
Academy Of Chinese Culture And Oakland, CA | $2,706,944 | $3,106,403 |
Acupuncture And Integrative Medicine College Berkeley Berkeley, CA | $1,116,969 | $2,153,678 |
California Academy Of Physician Assistants Los Angeles, CA | $1,661,419 | $657,000 |
Foundation For Medical Excellence Portland, OR | $3,693,965 | $350,531 |
Association For Academic Surgery Inc Los Angeles, CA | $874,619 | $529,261 |
Walla Walla University Alumni Association College Place, WA | $2,841,250 | $115,870 |
Loma Linda University Urology Medical Group Inc Loma Linda, CA | $304,452 | $0 |
Center For Chinese Medicine Los Angeles, CA | $116,056 | $14,670 |