Form 990 for tax year 2022

Filed by MIHRET MEDICAL SUPPLY GROUP INC.

Totals

Total revenue: $1,929,084
Total expenses: $2,307,398
Contributions and grants received: $1,827,667
Grants paid: $1,976,690
Program service revenue: $101,417
Investment income: $0
Other revenue: $0
Total assets, end of year: $369,374
Total liabilities, end of year: $0
Net assets or fund balances, end of year: $369,374
Program services expenses (Part IX): $2,276,134
Management and general expenses: $31,264
Fundraising expenses: $0
Program service expenses (Part III): $2,276,134

Program services were 98.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

1f · All other contributions, gifts and grants

$1,827,667
1g · Noncash contributions included above

$1,436,048
2f · All other program service revenue

total $101,417 · unrelated business $0 · excluded $0

Functional expenses

Part IX, the statement of functional expenses.

3 · Grants to foreign organizations and individuals

total $1,976,690 · program services $1,976,690
5 · Compensation of officers, directors and key employees

total $14,350 · program services $14,350 · management and general $0 · fundraising $0
7 · Other salaries and wages

total $17,324 · program services $17,324 · management and general $0 · fundraising $0
8 · Pension plan contributions

total $0 · program services $0 · management and general $0 · fundraising $0
9 · Other employee benefits

total $1,403 · program services $1,403 · management and general $0 · fundraising $0
10 · Payroll taxes

total $3,025 · program services $3,025 · management and general $0 · fundraising $0
12 · Advertising and promotion

total $49 · program services $0 · management and general $49 · fundraising $0
16 · Occupancy

total $2,623 · program services $0 · management and general $2,623 · fundraising $0
17 · Travel

total $25,730 · program services $25,730 · management and general $0 · fundraising $0
24a · Other expenses: bank charge and fee

total $163 · program services $0 · management and general $163 · fundraising $0
24b · Other expenses: Car and Truck

total $768 · program services $0 · management and general $768 · fundraising $0
24c · Other expenses: Cleaning

total $11 · program services $0 · management and general $11 · fundraising $0
24e · All other expenses

total $265,262 · program services $237,612 · management and general $27,650 · fundraising $0

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $40,476 · end of year $147,127
4 · Accounts receivable

end of year $57,047
15 · Other assets

beginning of year $703,342 · end of year $165,200
22 · Loans and payables to officers and key people

beginning of year $823 · end of year $0
27 · Net assets without donor restrictions

beginning of year $742,995 · end of year $369,374

Mission and programs · 2022

Mission

Promoting and facilitating the collection and distribition of quality Medical equipments and medicines worldwide to humanitarian entities. Strengthening Health Care Facilities, Family Farms, Micro Enterprise, Social and Spiritual Organizations, and Education projects in under served countries through direct aid and training and Scholarships.

1.The Organization has donated medical supplies and equipments in furtherance of the organization's missions, Specifically to Bahirdar, Chagni Hospital,Dessie General Hospital(Located in Amhara Region) and Other several Hospital/Universities in Afar Region.

Expenses $2,094,359 · Revenue $1,436,048
A pilot project on empowering women in the community has been carried out. Two rounds of Sewing trainings for women with low income and no job in Bahir Dar city The pilot project has been effective in providing women with necessary skills required to enter the sewing industry. Bahir Dar University; to work together in the provision of quality training for women in 2023. With the two rounds of trainings around 30 women were selected and trained based of their income and family dependency A follow-up on the trainees were carried after their graduation to see the effect the training brought in their life and economy Most has been able to join the industry generating sustainable monthly income. And few were supported by the company to startup sewing business as a group.

Expenses $138,842
Mihret has managed to provide food supplies to Internally Displaced People in the northern part of Ethiopia that sustained three rounds of brutal war resulted in estimated death of millions and displacement in hundreds of thousands of residents and destroyed major public works and Health infrastrutres.

Expenses $22,500
In July 2022, Mihret conducted two transformational leadership trainings held in the cities of Bahirdar and Addis Ababa, Ethiopia. A total of 165 community leaders in two training camps registered and participated for a 5 to 3-day activity consecutively. These leaders, together with their advisers, rocked the event-places with their grea t enthusiasm and cooperation. According to Mihrets national director, leaders are not born, but MMSG makes them. The said training was composed of different sessions wherein known speakers were invited to share their knowledge with leadership skills and good governance, how to become a successful, exemplary, and great leader, what are the duties and responsibilities of MMSG officers and so forth.

Expenses $20,433

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

Tilahun

Goshu

Total calculated

$0
Meseret

Workeleul

Total calculated

$0
Hiwot

Wolde Dagnachew

Total calculated

$14,350

From this org

$0

From related orgs

$0

Other

$14,350
Mark

Smith

Total calculated

$0
Julie

Smith

Total calculated

$0

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type: form_990
Tax year: 2022
Filed: 3 April 2023
IRS schema version: 2022v5.0
Source object: 202311339349300201

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