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Nonprofiteer
← OHIO MEDICAL QUALITY FOUNDATION

Form 990 for tax year 2023

Filed by OHIO MEDICAL QUALITY FOUNDATION.

Totals

Total revenue
$809,589
Total expenses
$620,188
Contributions and grants received
$0
Grants paid
$510,000
Program service revenue
$0
Investment income
$809,589
Other revenue
$0
Total assets, end of year
$13,311,184
Total liabilities, end of year
$543,278
Net assets or fund balances, end of year
$12,767,906
Program services expenses (Part IX)
$510,000
Management and general expenses
$110,188
Fundraising expenses
$0
Program service expenses (Part III)
$510,000

Program services were 82.2% 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.

  • 3 · Investment income

    total $299,896 · excluded $299,896

  • 7a · Gross sales of assets other than inventory

    securities $5,113,350

  • 7b · Less cost or other basis and sales expenses

    securities $4,603,657

  • 7c · Gain or loss

    securities $509,693

  • 7d · Net gain or loss

    total $509,693 · excluded $509,693

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $510,000 · program services $510,000

  • 11a · Fees: management

    total $65,231 · management and general $65,231

  • 11c · Fees: accounting

    total $4,500 · management and general $4,500

  • 11f · Fees: investment management

    total $37,689 · management and general $37,689

  • 13 · Office expenses

    total $600 · management and general $600

  • 23 · Insurance

    total $1,573 · management and general $1,573

  • 24a · Other expenses: OTHER EXPENSES

    total $395 · management and general $395

  • 24b · Other expenses: FILING FEES

    total $200 · management and general $200

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $129,082 · end of year $168,140

  • 4 · Accounts receivable

    beginning of year $1,458 · end of year $569

  • 11 · Investments: publicly traded securities

    beginning of year $11,676,999 · end of year $13,142,475

  • 17 · Accounts payable and accrued expenses

    beginning of year $29,519 · end of year $33,278

  • 18 · Grants payable

    beginning of year $500,000 · end of year $510,000

  • 27 · Net assets without donor restrictions

    beginning of year $11,278,020 · end of year $12,767,906

Mission and programs · 2023

Mission

SEE SCHEDULE O.

Activities or mission (Part I)

TO FUND PROGRAMS FOR THE TREATMENT OF IMPAIRED PRACTITIONERS.

  • HEALTH

    Expenses $510,000 · Grants $510,000

As filed on the 2023 return.

Listed in Part VII

  • MARIAN K SCHUDA MD

    CHAIRMAN (THRU 5/4/23)/TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • CRAIG W ANDERSON MD

    VICE CHAIR/PRES THRU 5/4/23/TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • WILLIAM W HARDING

    TRUSTEE/SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • SURESH D MENDPARA MD

    TRUSTEE/TREASURER

    Total calculated
    $0
    Hours/week
    1

  • KEVIN LUTZ DPM

    VICE CHAIR/PRES AS OF 5/4/23/TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • THOMAS A TALLMAN DO

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • RICHARD A FANKHAUSER MD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • CHARLES E SANDERS JR MD

    CHAIRMAN (AS OF 5/4/23)/TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • BRUCE VANDERHOFF MD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • SHANNON C TROTTER DO

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • TODD M FOWLER MBA FACMPE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MELODY L SISKA MBA LSS MBB

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • LARRY D TOWNING DDS MD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • DOUGLAS F KRIDLER

    ASST SECRETARY

    Total calculated
    $0
    Hours/week
    0.5

  • SCOTT HEITKAMP

    ASST TREASURER

    Total calculated
    $0
    Hours/week
    0.5

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

Provenance

Return type
form_990
Tax year
2023
Filed
8 May 2024
IRS schema version
2023v5.0
Source object
202421359349310862

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