Form 990 for tax year 2023
Filed by TENNESSEE MEDICAL EDUCATION FUND INC.
This return was superseded by a later amendment. matched by us It is kept because history is preserved rather than replaced.
What the amendment changed
Compared with the latest return for 2023 , filed 29 April 2024. matched by us Only the return's totals, a 990-PF's accounting method and the names listed in Part VII (Part VIII on a 990-PF) are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.
- Total revenue
- -$23,165 changed to $45,593
- Total expenses
- $176,477 changed to $210,767
- Grants paid
- $122,000 changed to $155,750
- Investment income
- -$68,758 changed to $0
- Total assets, end of year
- $3,130,604 changed to $3,191,604
- Total liabilities, end of year
- $2,245 changed to $2,244
- Net assets or fund balances, end of year
- $3,128,359 changed to $3,189,360
- Program services expenses
- $122,000 changed to $155,750
- Management and general expenses
- $54,477 changed to $55,017
- Program service expenses (Part III)
- $122,000 changed to $155,750
Totals
- Total revenue
- -$23,165
- Total expenses
- $176,477
- Contributions and grants received
- $45,593
- Grants paid
- $122,000
- Program service revenue
- $0
- Investment income
- -$68,758
- Other revenue
- $0
- Total assets, end of year
- $3,130,604
- Total liabilities, end of year
- $2,245
- Net assets or fund balances, end of year
- $3,128,359
- Program services expenses (Part IX)
- $122,000
- Management and general expenses
- $54,477
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $122,000
Program services were 69.1% 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
$45,593
-
3 · Investment income
total $35,151 · excluded $35,151
-
7b · Less cost or other basis and sales expenses
securities $103,909
-
7c · Gain or loss
securities -$103,909
-
7d · Net gain or loss
total -$103,909 · excluded -$103,909
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $122,000 · program services $122,000
-
11c · Fees: accounting
total $7,900 · management and general $7,900
-
11f · Fees: investment management
total $3,000 · management and general $3,000
-
11g · Fees: other
total $10,221 · management and general $10,221
-
13 · Office expenses
total $47 · management and general $47
-
14 · Information technology
total $2,000 · management and general $2,000
-
23 · Insurance
total $1,142 · management and general $1,142
-
24a · Other expenses: GRANT EXPENSE
total $30,000 · management and general $30,000
-
24b · Other expenses: BANK FEES
total $135 · management and general $135
-
24e · All other expenses
total $32 · management and general $32
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $20,549 · end of year $12,983
-
4 · Accounts receivable
end of year $16,512
-
11 · Investments: publicly traded securities
beginning of year $2,545,713 · end of year $3,101,109
-
17 · Accounts payable and accrued expenses
beginning of year $2,874 · end of year $2,245
-
25 · Other liabilities
beginning of year $93,500
-
27 · Net assets without donor restrictions
beginning of year $2,469,888 · end of year $3,128,359
Mission and programs · 2023
Mission
SEE SCHEDULE O
-
THE TENNESSEE MEDICAL EDUCATION FUND, INC. IS ORGANIZED FOR THE PURPOSE OF PROVIDING SCHOLARSHIPS TO QUALIFIED MEDICAL STUDENTS.
Expenses $122,000
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Neal BeckfordNEAL BECKFORD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Melanie BlakeMELANIE BLAKE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
John IngramJOHN INGRAM
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mitch MutterMITCH MUTTER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Maysoon AliMAYSOON ALI
SECRETARY
- Total calculated
- $0
- Hours/week
- 2
-
Dennis HigdonDENNIS HIGDON
PRESIDENT
- Total calculated
- $0
- Hours/week
- 2
-
Keith LoveladyKEITH LOVELADY
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 2
-
Subhi Dawud Suboh AliSUBHI DAWUD SUBOH ALI
CEO
- Total calculated
- $0
- Hours/week
- 2
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
-
U OF T HEALTH SCIENCE CENTER
$59,000
-
ETSU QUILLEN COLLEGE OF MEDICINE
$31,500
-
$19,000
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 29 April 2024
- IRS schema version
- 2023v5.1
- Source object
- 202443189349309629
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.