Oregon Medical Education Foundation
- Assets
- $1.7m
- Revenue
- $183.4k
- Investments
- $0.0
- Employees
- 2
- Location
- Portland, OR
- Founding
- 07/1965
- Data as of
- 12/2023
- EIN
- 93-6022441
Organization Overview
Oregon Medical Education Foundation is located in Portland, OR. The organization was established in 1965. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 12/2023, Oregon Medical Education Foundation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Oregon Medical Education 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 12/2023, Oregon Medical Education Foundation generated $183.4k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 18.5% each year . All expenses for the organization totaled $262.4k during the year ending 12/2023. While expenses have increased by 7.8% per year over the past 5 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE OREGON MEDICAL EDUCATION FOUNDATION (OMEF) IF DEDICATED TO THE ADVANCEMENT OF MEDICAL SCIENCE THROUGH EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE OREGON MEDICAL EDUCATION FOUNDATION (OMEF) DISTRIBUTED $80,000 IN SCHOLARSHIP AWARDS IN 2023 TO STUDENTS PURSUING A MEDICAL EDUCATION. IN ADDITION, THE FOUNDATION ALSO PROVIDED MULTIPLE GRANTS TOTALING $22,906 TO SUPPORT THE MISSION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Pierce Mdphd President | OfficerTrustee | 0.5 | $0 |
George H Caspar MD Treasurer | OfficerTrustee | 0.2 | $0 |
John C Moorhead MD Secretary | OfficerTrustee | 0.2 | $0 |
Allison Abraham DO Director | Trustee | 0.2 | $0 |
Bryan Boehringer Director | Trustee | 0.2 | $0 |
Stacy Carmichael Director | Trustee | 0.2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $25,275 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $142,664 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $167,939 |
| Total Program Service Revenue | $0 |
| Investment income | $36,094 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$26,691 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $183,411 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $10,150 |
| Grants and other assistance to domestic individuals. | $92,756 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $80,334 |
| Compensation of current officers, directors, key employees. | $24,101 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $14,375 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $6,865 |
| Fees for services: Management | $2,700 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,376 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,500 |
| Advertising and promotion | $0 |
| Office expenses | $5,790 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $3,636 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $23,691 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $64 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $262,371 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $555 |
| Savings and temporary cash investments | $260,019 |
| Pledges and grants receivable | $10,045 |
| 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 | $2,449 |
| Net Land, buildings, and equipment | $1,086 |
| Investments—publicly traded securities | $1,382,780 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,656,934 |
| Accounts payable and accrued expenses | $63,494 |
| 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 | $63,494 |
| Net assets without donor restrictions | $948,054 |
| Net assets with donor restrictions | $645,386 |
| 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 | $1,656,934 |
Grants Awarded
Over the last fiscal year, Oregon Medical Education Foundation has awarded $26,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
OREGON HEALTH & SCIENCE UNIVERSITY FOUNDATION PURPOSE: NOURISH PROGRAM | $14,000 |
OREGON HEALTH & SCIENCE UNIVERSITY OFFICE OF PROPOSAL & AWARD MANAGEMENT PURPOSE: CONFIDENTIALITY ADVOCACY PROGRAM | $12,000 |