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← CENTER FOR EDUCATION AND MEDICINE INC

Form 990 for tax year 2023

Filed by CENTER FOR EDUCATION AND MEDICINE INC.

Totals

Total revenue
$1,062,256
Total expenses
$0
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$1,062,256
Total assets, end of year
$5,775,356
Total liabilities, end of year
$8,665,885
Net assets or fund balances, end of year
-$2,890,529
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
not reported

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.

  • 6a · Gross rents

    real property $3,282,067

  • 6b · Less rental expenses

    real property $2,219,811

  • 6c · Rental income or loss

    real property $1,062,256

  • 6d · Net rental income or loss

    total $1,062,256 · excluded $1,062,256

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,309,850 · end of year $1,050,895

  • 4 · Accounts receivable

    end of year $367,704

  • 9 · Prepaid expenses and deferred charges

    beginning of year $100,000 · end of year $100,000

  • 10a · Land, buildings and equipment: cost or other basis

    $589,064

  • 10b · Land, buildings and equipment: accumulated depreciation

    $175,405

  • 10c · Land, buildings and equipment, net

    beginning of year $433,295 · end of year $413,659

  • 15 · Other assets

    beginning of year $1,881,801 · end of year $3,843,098

  • 17 · Accounts payable and accrued expenses

    beginning of year $11,846

  • 25 · Other liabilities

    beginning of year $8,665,885 · end of year $8,665,885

  • 27 · Net assets without donor restrictions

    beginning of year -$3,952,785 · end of year -$2,890,529

Mission and programs · 2023

Mission

TO PROMOTE COOPERATION BETWEEN MEDICAL AND EDUCATIONAL COMMUNITIES.

  • PROVIDES FACILITIES FOR TAX-EXEMPT SCIENTIFIC AND EDUCATIONAL ORGANIZATIONS.

As filed on the 2023 return.

Listed in Part VII

  • David Skorton MD

    PRESIDENT & CEO

    Total calculated
    $1,594,368
    From this org
    $0
    From related orgs
    $1,397,050
    Other
    $197,318
    Hours/week
    4 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,026,823 related
    Bonus
    $0 + $264,586 related
    Other
    $0 + $105,641 related
    Deferred
    $0 + $165,614 related
    Nontaxable benefits
    $0 + $31,704 related
    Filer's total
    $0 + $1,594,368 related

  • Frank Trinity JD

    VICE PRESIDENT

    Total calculated
    $677,642
    From this org
    $0
    From related orgs
    $606,252
    Other
    $71,390
    Hours/week
    4 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $494,721 related
    Bonus
    $0 + $78,619 related
    Other
    $0 + $32,912 related
    Deferred
    $0 + $33,000 related
    Nontaxable benefits
    $0 + $38,390 related
    Filer's total
    $0 + $677,642 related

  • Amir Mesarwi MBA

    SECRETARY AND TREASURER

    Total calculated
    $544,042
    From this org
    $0
    From related orgs
    $480,899
    Other
    $63,143
    Hours/week
    4 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $406,988 related
    Bonus
    $0 + $64,522 related
    Other
    $0 + $9,389 related
    Deferred
    $0 + $41,850 related
    Nontaxable benefits
    $0 + $21,293 related
    Filer's total
    $0 + $544,042 related

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement

The filer's explanations (Part III)

PART I, LINE 4B
IN 2011, AAMC ESTABLISHED A NONQUALIFIED DEFERRED COMPENSATION PLAN ('457(F) RETENTION PLAN') THAT EMPLOYEES AND OFFICERS COULD PARTICIPATE IN IF THEY MET CERTAIN ELIGIBILITY REQUIREMENTS. ALL PARTICIPATION WAS REPORTED AS RETIREMENT AND DEFERRED COMPENSATION ON SCHEDULE J, PART II, COLUMN C AS FOLLOWS: 457(F) PLAN: DAVID SKORTON, MD $110,114 AMIR MESARWI, MBA $8,850 FRANK TRINITY, JD NONE

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
11 February 2025
IRS schema version
2023v6.0
Source object
202500459349301580

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