Medical Advancement Foundation in Birmingham, Alabama (AL)

Table of contents:

Organization representatives - add corrected or new information about Medical Advancement Foundation »

Non-representatives - add comments about Medical Advancement Foundation»

Medical Advancement Foundation
Employer Identification Number (EIN)630884469
Name of OrganizationMedical Advancement Foundation
AddressPO BOX 55407, Birmingham, AL 35255-5407
ActivitiesOther health services, Scholarships (other), Gifts, grants, or loans to other organizations
SubsectionCharitable Organization
Ruling Date11/1986
DeductibilityContributions are deductible
FoundationOrganizations operated solely for the benefit of and in conjunction with organizations described in 10 through 16 above
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period09/2010
Assets$10,000,000 to $49,999,999
Income$500,000 to $999,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$19,459,482
Amount of Income$736,472
Form 990 Revenue Amount$52
National Taxonomy of Exempt Entities (NTEE)Health - General and Rehabilitative: Management & Technical Assistance


Non-representatives - add comments:


CAPTCHA

Your IP address 54.211.238.24 will be logged.

Amount of income in 2010: $736,472
This organization: 

 $736,472
Other organizations performing similar types of work: 

 $2,721,949

Assets in 2010: $19,459,482
This organization: 

 $19,459,482
Other organizations performing similar types of work: 

 $863,539

Expenses in 2006: $0
Medical Advancement Foundation: 

 $0
Other organizations performing similar types of work: 

 $6,400,605

Financial snapshot ($)

Assets at end of 2006

Revenue, Expenses, and Changes in Net Assets or Fund Balances
20022003200420052006
Total revenue$4,682$112$186$112$545
Contributions, gifts, grants, and similar amounts received$0$0$0$0$0
Contributions to donor advised funds$0
Direct public support$0$0$0$0$0
Indirect public support$0$0$0$0$0
Government contributions (grants)$0$0$0$0$0
Program service revenue including government fees and contracts$0$0$0$0$0
Membership dues and assessments$0$0$0$0$0
Interest on savings and temporary cash investments$77$112$186$112$545
Dividends and interest from securities$0$0$0$0$0
Net rental income or (loss)$4,605$0$0$0$0
Gross rents$565,764$632,658$637,450$808,546$880,220
Less: rental expenses$561,159$632,658$637,450$808,546$880,220
Other investment income$0$0$0$0$0
Gain or (loss) from sales of assets other than inventory$0$0$0$0$0
Gross amount from sales of assets other than inventory$0$0$0$0$0
Less: cost or other basis and sales expenses$0$0$0$0$0
Net income or (loss) from special events and activities$0$0$0$0$0
Gross revenue$0$0$0$0$0
Less: direct expenses other than fundraising expenses$0$0$0$0$0
Gross profit or (loss) from sales of inventory$0$0$0$0$0
Gross sales of inventory, less returns and allowances$0$0$0$0$0
Less: cost of goods sold$0$0$0$0$0
Other revenue$0$0$0$0$0
Total expenses$0$3,716$172$0$0
Program services$0$0$0$0$0
Management and general$0$3,716$172$0$0
Fundraising$0$0$0$0$0
Payments to affiliates$0$0$0$0$0
Net assets or fund balances at end of year$9,139$5,535$5,549$5,661$6,206
Excess or (deficit) for the year$4,682$-3,604$14$112$545
Net assets or fund balances at beginning of year$4,457$9,139$5,535$5,549$5,661
Other changes in net assets or fund balances$0$0$0$0$0
Statement of Functional Expenses (for 2006)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$0$0$0$0
Grants paid from donor advised funds$0
Other grants and allocations$0
Specific assistance to individuals$0
Benefits paid to or for members$0
Compensation of current officers, directors, key employees, etc.$0$0$0$0
Compensation of former officers, directors, key employees, etc.$0$0$0$0
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0$0$0
Salaries and wages of employees not included above$0$0$0$0
Pension plan contributions not included above$0$0$0$0
Employee benefits not included above$0$0$0$0
Payroll taxes$0$0$0$0
Professional fundraising fees$0$0$0$0
Accounting fees$0$0$0$0
Legal fees$0$0$0$0
Supplies$0$0$0$0
Telephone$0$0$0$0
Postage and shipping$0$0$0$0
Occupancy$0$0$0$0
Equipment rental and maintenance$0$0$0$0
Printing and publications$0$0$0$0
Travel$0$0$0$0
Conferences, conventions, and meetings$0$0$0$0
Interest$0$0$0$0
Depreciation, depletion, etc.$0$0$0$0
Other expenses not covered above$0$0$0$0
Balance Sheets
20022003200420052006
Total assets$24,518,119$21,823,490$21,184,404$20,770,703$20,307,458
Cash - non-interest-bearing$639$2,035$0$0$0
Savings and temporary cash investments$0$0$2,049$2,161$2,706
Accounts receivable less allowance for doubtful accounts$0$0$0$0$0
Pledges receivable less allowance for doubtful accounts$0$0$0$0$0
Grants receivable$0$0$0$0$0
Receivables from current and former officers, directors, trustees, and key employees$0$0$0$0$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0
Other notes and loans receivable less allowance for doubtful accounts$0$0$0$0$0
Inventories for sale or use$0$0$0$0$0
Prepaid expenses and deferred charges$0$0$0$0$0
Investments - publicly-traded securities$0
Investments - other securities$0$0$0$0$0
Investments - land, buildings, and equipment less accumulated depreciation$0$0$0$0$0
Investments - other$8,500$8,500$8,500$8,500$8,500
Land, buildings, and equipment less accumulated depreciation$0$0$0$0$0
Other assets, including program-related investments$24,508,980$21,812,955$21,173,855$20,760,042$20,296,252
Total liabilities$24,508,980$21,817,955$21,178,855$20,765,042$20,301,252
Accounts payable and accrued expenses$313,980$307,955$73,855$90,042$81,252
Grants payable$0$0$0$0$0
Deferred revenue$0$0$0$0$0
Loans from officers, directors, trustees, and key employees$0$0$0$0$0
Tax-exempt bond liabilities$0$0$0$20,675,000$20,220,000
Mortgages and other notes payable$24,195,000$21,510,000$21,105,000$0$0
Other liabilities$0$0$0$0$0
Total liabilities and net assets/fund balances$24,518,119$21,823,490$21,184,404$20,770,703$20,307,458
Total net assets or fund balances$9,139$5,535$5,549$5,661$6,206
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
20022003200420052006
Total revenue$4,682$112$186$112$545
Total revenue, gains, and other support per audited financial statements$565,841$632,770$637,636$808,658$880,765
Other expenses$0$0$0$0$0
Net unrealized gains on investments$0$0$0$0$0
Donated services and use of facilities$0$0$0$0$0
Recoveries of prior year grants$0$0$0$0$0
Other$0$0$0$0$0
Other revenue$-561,159$-632,658$-637,450$-808,546$-880,220
Investment expenses$0$0$0$0$0
Other$-561,159$-632,658$-637,450$-808,546$-880,220
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
20022003200420052006
Total expenses$0$3,716$172$0$0
Total expenses and losses per audited financial statements$561,159$636,374$637,622$808,546$880,220
Other revenue$561,159$632,658$637,450$808,546$880,220
Donated services and use of facilities$0$0$0$0$0
Prior year adjustments$0$0$0$0$0
Losses$0$0$0$0$0
Other$561,159$632,658$637,450$808,546$880,220
Other expenses$0$0$0$0$0
Investment expenses$0$0$0$0$0
Other$0$0$0$0$0
Current Officers, Directors, Trustees, and Key Employees
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings19
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?No
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?Yes
Does the organization have a written conflict of interest policy?Yes
Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?No
Was there a liquidation, dissolution, termination, or substantial contraction during the year?No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?Yes
Direct and indirect political expenditures$0
Did the organization file Form 1120-POL for this year?No
Were substantially all dues nondeductible by members?
Did the organization make only in-house lobbying expenditures of $2,000 or less?
Dues, assessments, and similar amounts from members$0
Section 162(e) lobbying and political expenditures$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices$0
Taxable amount of lobbying and political expenditures$0
Does the organization elect to pay the section 6033(e) tax on the amount above?
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?No
Amount of tax imposed on the organization during the year under: section 4911$0
Amount of tax imposed on the organization during the year under: section 4912$0
Amount of tax imposed on the organization during the year under: section 4955$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?No
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958$0
Amount of tax above, reimbursed by the organization$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?No
Did the organization acquire a direct or indirect interest in any applicable insurance contract?No
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?No
Number of employees employed in the pay period that includes March 12, 20060
Analysis of Income-Producing Activities (for 2006)
Unrelated business incomeExcluded by section 512, 513, or 514Related or exempt function income
Business codeAmountExclusion codeAmount
Total$0$545$0
Program service revenue
Program service revenue 1000000$000$0$0
Program service revenue 2000000$000$0$0
Program service revenue 3000000$000$0$0
Program service revenue 4000000$000$0$0
Program service revenue 5000000$000$0$0
Medicare/Medicaid payments000000$000$0$0
Fees and contracts from government agencies000000$000$0$0
Membership dues and assessments000000$000$0$0
Interest on savings and temporary cash investments000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$545$0
Dividends and interest from securities000000$000$0$0
Net rental income or (loss) from real estate
debt-financed property000000$000$0$0
not debt-financed property000000$000$0$0
Net rental income or (loss) from personal property000000$000$0$0
Other investment income000000$000$0$0
Gain or (loss) from sales of assets other than inventory000000$000$0$0
Net income or (loss) from special events000000$000$0$0
Gross profit or (loss) from sales of inventory000000$000$0$0
Other revenue000000$000$0$0
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2006)
EIN of corporation, partnership, or disregarded entityPercentage of ownership interestTotal incomeEnd-of-year assets
630884468100%$661$69,016
0%$0$0
0%$0$0
0%$0$0
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2006)
CompensationContributions to employee benefit plans & deferred compensationExpense account and other allowances
$0$0$0
$0$0$0
$0$0$0
$0$0$0
$0$0$0
Total number of other employees paid over $50,0000
Statements About Activities (for 2006)
Expenses paid or incurred in connection with the lobbying activities$0
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?No
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?No
Did the organization maintain any donor advised funds?No
Did the organization make any taxable distributions under section 4966?No
Did the organization make a distribution to a donor, donor advisor, or related person?No
Enter the total number of donor advised funds owned at the end of the tax year$0
Enter the aggregate value of assets held in all donor advised funds owned at the end of the tax year$0
Enter the total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts$0
Enter the aggregate value of assets held in all funds or accounts included above at the end of the tax year$0
Reason for Non-Private Foundation Status
The organization is not a private foundation because it isNot controlled by disqualified persons/supports non private foundation
Type of supporting organizationType I
Support Schedule
20012002200320042005
Total$0$0$0$0$0
Gifts, grants, and contributions received$0$0$0$0$0
Membership fees received$0$0$0$0$0
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose$0$0$0$0$0
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975$0$0$0$0$0
Net income from unrelated business activities not included above$0$0$0$0$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf$0$0$0$0$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge$0$0$0$0$0
Other income$0$0$0$0$0
Lobbying Expenditures by Electing Public Charities (for 2006)
Total exempt purpose expenditures$0
Total lobbying expenditures$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)$0
Total lobbying expenditures to influence a legislative body (direct lobbying)$0
Other exempt purpose expenditures$0
Lobbying nontaxable amount$0
Grassroots nontaxable amount$0
Write your review!

Your Ratings

You can rate this nonprofit in different categories from 1 star (worst) to 5 stars (best) or leave category unrated

Program:
Fundraising:
Expenses:
Transparency:

Your Review


Would you recommend Medical Advancement Foundation to others? (optional)
  
Add photo of Medical Advancement Foundation (optional)

About You

Your nickname:

Optional Verification

(additional info to increase the weight and the placement of your review and ratings)

Sign in with Twitter
Real Name:
Email (won't be published):
Date and time of your visit to this nonprofit:
Phone number (won't be published):
Leave your signature»


Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1University Of Cincinnati Physicians Inc222 Piedmont Ave Ste 1200, Cincinnati, OH 45219-4209OH1989-08$212,826,794
2Main Line Services950 E Haverford Rd Ste 110, Bryn Mawr, PA 19010-3851PA1986-02$99,461,754
3Tufts Medical Center Parent Inc, Tufts Medical Cntr Real Estate Co I800 Washington St Box 468, Boston, MA 02111-1552MA2008-05$49,363,344
4Childrens Hosp Of Philadelphia Professional Liab Ins TrPhiladelphia, PA 19104PA$20,144,634
5Hospital Association Of Southern California515 S Figueroa St Ste 1300, Los Angeles, CA 90071-3300CA1960-12$15,154,406
6Vna Health Care IncHartford, CT 06105CT$6,465,817
7Oklahoma Hospital Association Inc4000 N Lincoln Blvd, Oklahoma City, OK 73105-5207OK1960-09$4,986,024
8Nassau Suffolk Hospital Council Inc1383 Veterans Memorial Highway, Hauppauge, NY 11788-3048NY1998-07$1,966,584
9Chesapeake Healthcare Forum Inc100 Association Dr, Charleston, WV 25311-1217WV1959-08$1,755,720
10Medical Advancement FoundationPO BOX 55407, Birmingham, AL 35255-5407AL1986-11$736,472
11Bon Secours Of Michigan Foundation1505 Marriottsville Road, Marriottsville, MD 21103MD1990-07$171,401
12Mvp Health Care Inc Fka Preferred Care Inc259 Monroe Avenue, Rochester, NY 14607NY1992-02$4,667
13The Fort Defiance Indian Hospital Board IncorporationPO BOX 649, Fort Defiance, AZ 86504-0649AZ2005-05$104,774,987
14Florida Health Professions Association IncPO BOX 100185, Gainesville, FL 32610-0185FL2000-05$6,087,569
15North Point Health & Wellness Center Inc1315 Penn Ave N, Minneapolis, MN 55411-3047MN2004-04$4,217,588
16Hebrew Health Care Inc1 Abrahms Blvd, West Hartford, CT 06117-1508CT2004-03$4,116,080
17Health Services Partnership Of Dorchester Inc1452 Dorchester Avenue, Dorchester, MA 02122-1386MA2000-09$3,331,817
18Greater Dayton Area Health Information Network2 Riverplace Dr Ste 400, Dayton, OH 45405OH1996-02$2,721,949
19Center For Medical Simulation Inc100 First Ave Bldg 39 4th Fl 400, Charlestown, MA 02129-2043MA2000-09$2,127,534
20Maine Health Data Processing Center16 Association Drive, Manchester, ME 04351ME2002-05$522,516
21Medical Staff Of Capital Health System750 Brunswick Ave, Trenton, NJ 08638-4143NJ1999-07$396,440
22Partners For International Development Inc69 Jesse Hill Jr Dr Se, Atlanta, GA 30303-3033GA2003-12$317,719
23Loudon County Health Improvement CouncilPO BOX 742, Loudon, TN 37774-0742TN2000-04$93,416
24Howard University Hospital Medical Association8500 Sundale Dr, Silver Spring, MD 20910-5034MD1999-03$87,234
25Behavioral Health Resources Inc111 N Orlando Ave, Winter Park, FL 32789-3675FL2000-07$0
26Florida Patient Safety Corporation3200 S University Dr Terry Bldg, Ft Lauderdale, FL 33328FL2005-06$0
27Jay Bee Medical Services International Inc300 Hyannis Court, Upper Marlboro, MD 20774MD2005-04$0
Number of organizations performing similar types of work
Alabama1
Arizona1
California1
Colorado1
Connecticut2
Florida6
Georgia1
Massachusetts5
Maryland5
Maine2
Minnesota1
North Carolina1
New Jersey2
New York4
Ohio2
Oklahoma1
Oregon1
Pennsylvania2
Tennessee1
Wisconsin2
West Virginia1
Total43

faqs.org is not associated with, endorsed by, or sponsored by Medical Advancement Foundation and has no official or unofficial affiliation with Medical Advancement Foundation