Form 990 for tax year 2023

Filed by MEDICAL BENEVOLENCE FOUNDATION.

Totals

Total revenue: $25,742,904
Total expenses: $5,078,606
Contributions and grants received: $24,213,376
Grants paid: $1,495,618
Program service revenue: $0
Investment income: $1,521,593
Other revenue: $7,935
Total assets, end of year: $36,349,576
Total liabilities, end of year: $2,605,858
Net assets or fund balances, end of year: $33,743,718
Program services expenses (Part IX): $3,453,127
Management and general expenses: $983,389
Fundraising expenses: $642,090
Program service expenses (Part III): $3,453,127

Program services were 68.0% 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.

1e · Government grants (contributions)

$651,050
1f · All other contributions, gifts and grants

$23,562,326
1g · Noncash contributions included above

$21,728,854
2f · All other program service revenue

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
3 · Investment income

total $424,450 · excluded $424,450
6c · Rental income or loss

real property $0 · personal property $0
7a · Gross sales of assets other than inventory

securities $2,201,903
7b · Less cost or other basis and sales expenses

securities $1,104,760
7c · Gain or loss

securities $1,097,143 · other assets $0
7d · Net gain or loss

total $1,097,143 · excluded $1,097,143
11d · All other revenue

total $7,935 · related or exempt $0 · unrelated business $0 · excluded $7,935
11e · Other revenue, total

$7,935

Functional expenses

Part IX, the statement of functional expenses.

3 · Grants to foreign organizations and individuals

total $1,495,618 · program services $1,495,618
5 · Compensation of officers, directors and key employees

total $374,121 · management and general $374,121
7 · Other salaries and wages

total $892,696 · program services $593,160 · management and general $49,346 · fundraising $250,190
8 · Pension plan contributions

total $32,067 · program services $21,777 · management and general $1,946 · fundraising $8,344
9 · Other employee benefits

total $130,198 · program services $55,618 · management and general $37,947 · fundraising $36,633
10 · Payroll taxes

total $71,547 · program services $26,601 · management and general $26,288 · fundraising $18,658
11c · Fees: accounting

total $28,940 · management and general $28,940
11e · Fees: professional fundraising services

total $262,000 · fundraising $262,000
11g · Fees: other

total $825,249 · program services $669,418 · management and general $155,831 · fundraising $0
12 · Advertising and promotion

total $10,503 · fundraising $10,503
13 · Office expenses

total $112,455 · program services $64,054 · management and general $45,618 · fundraising $2,783
14 · Information technology

total $183,615 · program services $98,757 · management and general $80,070 · fundraising $4,788
16 · Occupancy

total $79,622 · program services $6,466 · management and general $73,156
17 · Travel

total $389,595 · program services $281,041 · management and general $71,792 · fundraising $36,762
19 · Conferences, conventions and meetings

total $17,512 · program services $5,848 · management and general $1,364 · fundraising $10,300
22 · Depreciation, depletion and amortization

total $44,933 · program services $36,933 · management and general $8,000
24a · Other expenses: Equipment

total $92,053 · program services $71,739 · management and general $19,185 · fundraising $1,129
24b · Other expenses: Shipping Pharma Med Supplies

total $23,097 · program services $23,097
24c · Other expenses: Repairs and Maintenance

total $12,785 · program services $3,000 · management and general $9,785
24e · All other expenses

total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $409,624 · end of year $127,799
2 · Savings and temporary cash investments

beginning of year $409,080 · end of year $0
3 · Pledges and grants receivable

beginning of year $156,015 · end of year $163,621
5 · Loans and receivables from officers and key people

beginning of year $0 · end of year $0
6 · Loans and receivables from disqualified persons

beginning of year $0 · end of year $0
9 · Prepaid expenses and deferred charges

beginning of year $24,118 · end of year $36,936
10a · Land, buildings and equipment: cost or other basis

$0
10b · Land, buildings and equipment: accumulated depreciation

$0
10c · Land, buildings and equipment, net

beginning of year $0 · end of year $0
11 · Investments: publicly traded securities

beginning of year $13,322,255 · end of year $35,593,957
12 · Investments: other securities

beginning of year $0
13 · Investments: program-related

beginning of year $0
14 · Intangible assets

beginning of year $136,386 · end of year $91,453
15 · Other assets

beginning of year $66,928 · end of year $335,810
17 · Accounts payable and accrued expenses

beginning of year $588,037 · end of year $481,168
21 · Escrow or custodial account liability

beginning of year $1,465,003 · end of year $1,794,509
22 · Loans and payables to officers and key people

beginning of year $0 · end of year $0
25 · Other liabilities

beginning of year $43,576 · end of year $330,181
27 · Net assets without donor restrictions

beginning of year $2,438,688 · end of year $23,601,174
28 · Net assets with donor restrictions

beginning of year $9,989,102 · end of year $10,142,544

Mission and programs · 2023

Mission

Medical Benevolence Foundation (MBF) is a Christ-centered organization dedicated to transforming lives by building sustainable health care ministries in developing countries. MBF equips the indigenous church to meet the healthcare needs of their community and share the gospel.

Activities or mission (Part I)

Proclaim and demonstrate the Gospel by supporting the healing ministries of our international church partners.

Worldwide medical mission: MBF works as an indispensable link to engage churches in the developing world to transform lives by building strong, self-sustaining healthcare ministries. As a Christ-centered mission with over 60 years of experience, MBF mobilizes individuals and churches in North America to equip churches in developing countries with skills and resources for medical ministries in four crucial areas: hospital development, nursing schools and scholarships, critical health services for women and children, and primary care clinics. The last year MBF partner hospitals delivered over 20,000 babies, served over 48,000 in-patients, and over 490,000 out-patients. MBF's strategy is to establish long-term partnerships with 10 hospitals and 32 clinics in developing countries to support critical medical services for women and children. Most importantly, MBF helps to develop and collaborate in projects whose goal is self-sustainability. Last year MBF's 9 supported nursing schools had a total enrollment of 3,118 students and graduated 1,202 nurses.

Expenses $1,889,908 · Grants $605,207
Infrastructure Improvements: MBF receives grants from the USAID American Schools and Hospitals Abroad (ASHA) program in support of construction projects in Kenya. One such recently completed project in 2022 was the completion of a 60-student dormitory on the campus of the Clive Irvine School of Nursing at Chogoria Hospital in Kenya. We are currently constructing two additional structures (Student Classrooms and Staff Housing and Offices) at Chogoria. We began construction in February of 2024 and expect to complete construction in the first half of 2025.

Expenses $651,050 · Grants $576,050
Mission education: An important mission of MBF is to work with the church of North America to effectively and thoughtfully partner in ministry with the church in developing countries. This includes a spiritual ministry program whose training is led by MBF and leaders of its partner institutions and is implemented to staff members of our partner institutions. Additionally, MBF launched the Center for Global Nursing Development in 2017. Through the Center for Global Nursing Development, MBF has taken an international leadership position to create opportunities to engage and develop nursing practices and nursing education in the developing countries we currently serve.

Expenses $597,808
Medical supplies and equipment: In every developing country, access to up-to-date, medical equipment and lifesaving medicines is extremely limited. At the same time, millions of dollars' worth of medical equipment and pharmaceuticals are discarded by hospitals and companies every year in the U.S. Working with a number of U.S. based partners, MBF ships refurbished and new equipment, as well as much needed medicines and supplies, to international hospital partners in Malawi and Haiti. Working operating room lights and mobile ultrasounds, for example, enable the doctors and nurses to treat their patients safely and effectively. Beds and exam tables improve levels of patient care. Sterile supplies reduce the chance for infection. Medicines reduce pain and suffering.

Expenses $314,361 · Grants $314,361

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

Bryan Weiss

Treasurer

Total calculated

$0

Hours/week

1
Diane Foley MD

Secretary

Total calculated

$0

Hours/week

1
George F Bloss III

Chair

Total calculated

$0

Hours/week

1
Robert Sloane MD

Past Chair

Total calculated

$0

Hours/week

1
Shawn Powers

Chair Elect

Total calculated

$0

Hours/week

1
A David Jimenez

Member at large

Total calculated

$0

Hours/week

1
Aaron Osterman

Trustee

Total calculated

$0

Hours/week

1
Alicia Turner

Trustee

Total calculated

$0

Hours/week

1
Brian Marsh

Trustee

Total calculated

$0

Hours/week

1
Elias Schulze

Trustee

Total calculated

$0

Hours/week

1
Frank Dyer II

Trustee

Total calculated

$0

Hours/week

1
Ivan Gomez

Trustee (part year)

Total calculated

$0

Hours/week

1
John Matthews

Trustee (part year)

Total calculated

$0

Hours/week

1
Kathy Shingleton EdD

Trustee

Total calculated

$0

Hours/week

1
Matthew Thompson

Trustee

Total calculated

$0

Hours/week

1
Pauline Hilton

Trustee

Total calculated

$0

Hours/week

1
Providence U Okaalet MD

Trustee

Total calculated

$0

Hours/week

1
William F Bonnell Jr MD

Trustee

Total calculated

$0

Hours/week

1
E Andrew Mayo

President/CEO

Total calculated

$204,760

From this org

$165,878

From related orgs

$0

Other

$38,882

Hours/week

40

Schedule J breakdown matched by us

Base

$165,878

Bonus

$0

Other

$0

Deferred

$19,858

Nontaxable benefits

$19,024

Filer's total

$204,760
Gregory Nikkel

CFO

Total calculated

$146,741

From this org

$116,262

From related orgs

$0

Other

$30,479

Hours/week

40
Patrick Coughlin

Vice President of Development

Total calculated

$170,036

From this org

$130,675

From related orgs

$0

Other

$39,361

Hours/week

40

Schedule J breakdown matched by us

Base

$125,785

Bonus

$4,890

Other

$0

Deferred

$5,349

Nontaxable benefits

$34,012

Filer's total

$170,036
Susan Brown

Director CGND

Total calculated

$138,050

From this org

$115,875

From related orgs

$0

Other

$22,175

Hours/week

40

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

3 · Compensation committee
3 · Compensation survey or study
3 · Approval by the board or compensation committee
7 · Other non-fixed payments

Answered no

4a · Severance or change-of-control payment
4b · Supplemental nonqualified retirement plan
4c · Equity-based compensation arrangement
5a · Pay contingent on this organization's revenues
5b · Pay contingent on a related organization's revenues
6a · Pay contingent on this organization's net earnings
6b · Pay contingent on a related organization's net earnings
8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Schedule J, Part I, Line 7 Non-fixed payments: The board approved nonfixed payments made in the form of discretionary bonuses.

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.

Provenance

Return type: form_990
Tax year: 2023
Filed: 22 January 2025
IRS schema version: 2023v6.0
Source object: 202520229349300732

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.