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← MEDICAL RESEARCH CHARITIES INC

Form 990 for tax year 2023

Filed by MEDICAL RESEARCH CHARITIES INC.

Totals

Total revenue
$351,241
Total expenses
$334,184
Contributions and grants received
$307,569
Grants paid
$265,272
Program service revenue
$43,672
Investment income
$0
Other revenue
$0
Total assets, end of year
$421,861
Total liabilities, end of year
$257,605
Net assets or fund balances, end of year
$164,256
Program services expenses (Part IX)
$321,244
Management and general expenses
$12,940
Fundraising expenses
$0
Program service expenses (Part III)
$321,244

Program services were 96.1% 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.

  • 1a · Federated campaigns

    $279,734

  • 1f · All other contributions, gifts and grants

    $27,835

  • 2a · Program service revenue: PROGRAM SERVICE FEES

    total $43,672 · related or exempt $43,672

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $265,272 · program services $265,272

  • 11a · Fees: management

    total $32,372 · program services $29,135 · management and general $3,237

  • 11c · Fees: accounting

    total $8,400 · management and general $8,400

  • 23 · Insurance

    total $1,233 · management and general $1,233

  • 24a · Other expenses: FILING FEES

    total $26,837 · program services $26,837

  • 24b · Other expenses: BANK CHARGES

    total $70 · management and general $70

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $109,792 · end of year $127,745

  • 3 · Pledges and grants receivable

    beginning of year $264,732 · end of year $275,146

  • 9 · Prepaid expenses and deferred charges

    beginning of year $617 · end of year $617

  • 15 · Other assets

    beginning of year $18,460 · end of year $18,353

  • 17 · Accounts payable and accrued expenses

    beginning of year $6,214 · end of year $3,923

  • 18 · Grants payable

    beginning of year $240,188 · end of year $253,682

  • 27 · Net assets without donor restrictions

    beginning of year $147,199 · end of year $164,256

Mission and programs · 2023

Mission

THE MISSION OF MEDICAL RESEARCH CHARITIES IS TO RAISE FUNDS AND CREATE UNIQUE COLLABORATIONS BETWEEN DONORS, CHARITIES, AND MEDICAL RESEARCHERS FOR A HEALTHIER TOMORROW. WE COMBINE FORCES TO FIND CURES.

Activities or mission (Part I)

MEDICAL RESEARCH CHARITIES RECEIVES FUNDS FROM WORKPLACE GIVING CAMPAIGNS FOR DISTRIBUTION TO ITS MEMBER AGENCIES.

  • MEDICAL RESEARCH CHARITIES (MRC) IS A FEDERATION OF TAX-EXEMPT ORGANIZATIONS REPRESENTING NATIONAL AND INTERNATIONAL MEMBER AGENCIES. MRC PROVIDED FISCAL, MARKETING, AND CAMPAIGN APPLICATION SERVICES TO ITS MEMBER AGENCIES. THESE SERVICES INCLUDED ASSISTANCE IN ACCESSING WORKPLACE FUNDS THROUGH THE COMBINED FEDERAL CAMPAIGN. MRC RECEIVED FUNDS ON BEHALF OF ITS MEMBERS FROM THESE CAMPAIGNS AND DISTRIBUTED THE FUNDS, NET OF ITS OPERATING EXPENSES, TO THE MEMBER AGENCIES.

    Expenses $321,244 · Grants $265,272 · Revenue $43,672

As filed on the 2023 return.

Listed in Part VII

  • Judi Holley

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Mary Nokes

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Michael Washburn

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

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

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2023
Filed
31 January 2025
IRS schema version
2023v6.0
Source object
202510319349301531

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

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