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← MAG INSTITUTE FOR EXCELLENCE IN MEDICINE INC

Form 990 for tax year 2023

Filed by MAG INSTITUTE FOR EXCELLENCE IN MEDICINE INC.

Totals

Total revenue
$173,618
Total expenses
$110,151
Contributions and grants received
$170,000
Grants paid
$0
Program service revenue
$0
Investment income
$3,618
Other revenue
$0
Total assets, end of year
$478,011
Total liabilities, end of year
$68,976
Net assets or fund balances, end of year
$409,035
Program services expenses (Part IX)
$93,151
Management and general expenses
$17,000
Fundraising expenses
$0
Program service expenses (Part III)
$93,151

Program services were 84.6% 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.

  • 1e · Government grants (contributions)

    $170,000

  • 3 · Investment income

    total $3,618 · excluded $3,618

Functional expenses

Part IX, the statement of functional expenses.

  • 11g · Fees: other

    total $46,000 · program services $29,000 · management and general $17,000

  • 13 · Office expenses

    total $1,690 · program services $1,690

  • 14 · Information technology

    total $9,239 · program services $9,239

  • 16 · Occupancy

    total $3,600 · program services $3,600

  • 17 · Travel

    total $6,482 · program services $6,482

  • 19 · Conferences, conventions and meetings

    total $2,832 · program services $2,832

  • 24a · Other expenses: SUPPLIES

    total $34,187 · program services $34,187

  • 24b · Other expenses: TRAINING

    total $3,121 · program services $3,121

  • 24c · Other expenses: RECRUITMENT

    total $3,000 · program services $3,000

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $0 · end of year $0

  • 2 · Savings and temporary cash investments

    beginning of year $363,516 · end of year $435,504

  • 3 · Pledges and grants receivable

    beginning of year $42,500 · end of year $42,507

  • 17 · Accounts payable and accrued expenses

    beginning of year $10,448 · end of year $18,976

  • 19 · Deferred revenue

    beginning of year $50,000 · end of year $50,000

  • 27 · Net assets without donor restrictions

    beginning of year $75,904 · end of year $79,522

  • 28 · Net assets with donor restrictions

    beginning of year $269,664 · end of year $329,513

Mission and programs · 2023

Mission

TO IMPROVE PATIENT SAFETY AND ACHIEVE CLINICAL IMPROVEMENTS FORGEORGIA PHYSICIANS AND THEIR PATIENTS.

Activities or mission (Part I)

TO IMPROVE PATIENT SAFETY AND ACHIEVE CLINICAL IMPROVEMENTS FOR GEORGIA PHYSICIANS AND THEIR PATIENTS.

  • MEDICAL ASSOCIATION OF GEORGIA MEDICAL RESERVE CORPS ("MAG MRC")THE MAG MRC RESPONDS TO DECLARED EMERGENCIES IN THE STATE, INCLUDING NATURAL DISASTERS AND DISEASE OUTBREAKS.THE MAG MRC IS PREPARED TO DEPLOY AND STAFF MOBILE HOSPITALS AND SUPPORT EMERGENCY SHELTERS UNDER THE DIRECTION OF DPH.THE MAG MRC COMPLEMENTS THE OFFICIAL MEDICAL AND PUBLIC HEALTH AND EMERGENCY SERVICES RESOURCES IN THE STATE.THE MAG MRC IS PART OF A STATE AND NATIONAL NETWORK OF MRC. THERE ARE NEARLY 1,000 COMMUNITY-BASED MRC UNITS AND 200,000 MRC VOLUNTEERS IN THE U.S. AND ITS TERRITORIES, INCLUDING 19 MRC UNITS IN GEORGIA.THE MAG MRC HAS RECEIVED GRANTS FROM THE GEORGIA TRAUMA CARE NETWORK AND THE NATIONAL ASSOCIATION OF COUNTY AND CITY HEALTH OFFICIALS.MAG MRC MEMBERS ARE CITIZEN VOLUNTEERS. THE MAG MRC INCLUDES PHYSICIANS AND NON-PHYSICIANS.THE MAG MRC IS A GREAT WAY FOR RESIDENTS AND MEDICAL STUDENTS TO DEVELOP THEIR SKILL SETS AND PROFESSIONAL NETWORKS.THE MAG MRC CONDUCTS MONTHLY CLASSROOM TRAINING AND QUARTERLY DRILLS (E.G., RESPONDING TO MASS CASUALTY EVENTS, SETTING UP MOBILE HOSPITALS, AND PRACTICING AEROMEDICAL TRANSPORTATION AND EVACUATION).MAG MRC MEMBERS PARTICIPATE IN AT LEAST ONE TRAINING EXERCISE A YEAR WHICH NORMALLY LAST ONE TO TWO DAYS.MAG MRC MEMBERS ARE REQUIRED TO REGISTER WITH THE 'GEORGIA RESPONDS: STATE EMERGENCY REGISTRY OF VOLUNTEERS IN GEORGIA' (SERVGA) SYSTEM.

    Expenses $93,151

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

Listed in Part VII

  • KELLY M DEGRAFFENREID MD

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0.5

  • MANOJ H SHAH MD

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    0.5 + 1 related

  • ZACHARY LOPATER MD

    TREASURER

    Total calculated
    $0
    Hours/week
    0.5

  • AARON H DAVIDSON MD

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.5 + 1 related

  • JEREMY T BONFINI

    EXECUTIVE DIRECTOR

    Total calculated
    $333,050
    From this org
    $0
    From related orgs
    $323,300
    Other
    $9,750
    Hours/week
    10 + 57.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $323,300 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $9,750 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $333,050 related

  • JOHN S HARVEY MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 1 related

  • DESPINA DALTON MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 10 related

  • MINDY GENTRY MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • CHARLES WILMER MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • FREDERICK C FLANDRY MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • TOM EMERSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • MARK HUFFMAN

    DIRECTOR

    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. 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

None.

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
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

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
15 November 2024
IRS schema version
2023v5.1
Source object
202413209349324636

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