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← CENTER FOR EDUCATION AND MEDICINE INC

Form 990 for tax year 2022

Filed by CENTER FOR EDUCATION AND MEDICINE INC.

Totals

Total revenue
$969,296
Total expenses
$0
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$969,296
Total assets, end of year
$4,724,946
Total liabilities, end of year
$8,677,731
Net assets or fund balances, end of year
-$3,952,785
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
not reported

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.

  • 6a · Gross rents

    real property $3,189,187

  • 6b · Less rental expenses

    real property $2,219,891

  • 6c · Rental income or loss

    real property $969,296

  • 6d · Net rental income or loss

    total $969,296 · excluded $969,296

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $478,825 · end of year $2,309,850

  • 9 · Prepaid expenses and deferred charges

    beginning of year $100,000 · end of year $100,000

  • 10a · Land, buildings and equipment: cost or other basis

    $589,064

  • 10b · Land, buildings and equipment: accumulated depreciation

    $155,769

  • 10c · Land, buildings and equipment, net

    beginning of year $452,931 · end of year $433,295

  • 15 · Other assets

    beginning of year $2,977,266 · end of year $1,881,801

  • 17 · Accounts payable and accrued expenses

    beginning of year $265,218 · end of year $11,846

  • 25 · Other liabilities

    beginning of year $8,665,885 · end of year $8,665,885

  • 27 · Net assets without donor restrictions

    beginning of year -$4,922,081 · end of year -$3,952,785

Mission and programs · 2022

Mission

TO PROMOTE COOPERATION BETWEEN MEDICAL AND EDUCATIONAL COMMUNITIES.

  • PROVIDES FACILITIES FOR TAX-EXEMPT SCIENTIFIC AND EDUCATIONAL ORGANIZATIONS.

As filed on the 2022 return.

Listed in Part VII

  • DAVID SKORTON MD

    PRESIDENT & CEO

    Total calculated
    $1,641,937
    From this org
    $0
    From related orgs
    $1,355,745
    Other
    $286,192
    Hours/week
    4 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $986,983 related
    Bonus
    $0 + $264,606 related
    Other
    $0 + $104,156 related
    Deferred
    $0 + $254,528 related
    Nontaxable benefits
    $0 + $31,664 related
    Filer's total
    $0 + $1,641,937 related

  • FRANK R TRINITY JD

    VICE PRESIDENT

    Total calculated
    $619,180
    From this org
    $0
    From related orgs
    $556,111
    Other
    $63,069
    Hours/week
    4 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $454,727 related
    Bonus
    $0 + $72,807 related
    Other
    $0 + $28,577 related
    Deferred
    $0 + $30,500 related
    Nontaxable benefits
    $0 + $32,569 related
    Filer's total
    $0 + $619,180 related

  • AMIR MESARWI

    SECRETARY AND TREASURER

    Total calculated
    $501,489
    From this org
    $0
    From related orgs
    $442,286
    Other
    $59,203
    Hours/week
    4 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $374,375 related
    Bonus
    $0 + $59,228 related
    Other
    $0 + $8,683 related
    Deferred
    $0 + $42,875 related
    Nontaxable benefits
    $0 + $16,328 related
    Filer's total
    $0 + $501,489 related

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

  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement

The filer's explanations (Part III)

PART I, LINE 4B
IN 2011, AAMC ESTABLISHED A NONQUALIFIED DEFERRED COMPENSATION PLAN ('457(F) RETENTION PLAN') THAT EMPLOYEES AND OFFICERS COULD PARTICIPATE IN IF THEY MET CERTAIN ELIGIBILITY REQUIREMENTS. ALL PARTICIPATION WAS REPORTED AS RETIREMENT AND DEFERRED COMPENSATION ON SCHEDULE J, PART II, COLUMN C AS FOLLOWS: 457(F) PLAN: DAVID SKORTON, MD $203,528 AMIR MESARWI $12,375 FRANK TRINITY NONE

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
2022
Filed
2 February 2024
IRS schema version
2022v5.0
Source object
202400459349302705

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