Promoting excellence in medical education

501(c)(3) charity; gifts are tax-deductible.
39¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Spent on programs
39%
of spending
Concern: 39% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
480 mo
of spending, in cash
Looks good: 480.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 11 voting members
Concern: none of 11 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$75K
Spent
$15K
To programs
39%
Net assets
$867K
By yearFY2021–FY2025
Revenue
$75K
FY2021
Tap a bar for its year
Revenue by fiscal year
FY2021$75K
FY2022$51K
FY2023$31K
FY2024$17K
FY2025$44K
Net assets
$867K
FY2021
Tap a bar for its year
Net assets by fiscal year
FY2021$867K
FY2022$387K
FY2023$342K
FY2024$329K
FY2025$367K

From the FY2021 Form 990 (year ending June 2021) · see the original

990 PDF Claim
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jun 1977.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

39 cents of each dollar spent went to programs.

Program services 39% · $6K Management & general 61% · $9K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

11 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
President Elect
$0Pt VII · Sec A
Member at Large
$0Pt VII · Sec A
Member at Large
$0Pt VII · Sec A
Ex Officio Memb
$0Pt VII · Sec A
Member at Large
$0Pt VII · Sec A
$0Pt VII · Sec A
Past President
$0Pt VII · Sec A
$0Pt VII · Sec A
See Walter E Macpherson Society executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Improves medical education to ensure high-quality healthcare.

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Provided by the organization

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1 program · $6K · in their own filed words · FY2020
01

Sponsors research awards for freshmen medical students and enhancement awards for enhancement of faculty notes and teaching aids. Awards are given to faculty and students for publication of research papers.

$6Kprogram expense

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$75K
Ln 12
Gifts and grantsLn 1h$68K
Investment incomeLn 3$8K
Money outPt IX
$15K
Ln 25
Programscol B$6K
Managementcol C$9K
Owns and owesPt X
$867K
net assets · Ln 32
Cash and savingsLn 1–2$615K
Total assetsLn 16$867K
LiabilitiesLn 26$0
PeoplePt VI, VII
11
listed · VII A
PaidVII A0
Voting boardVI 1a11
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$68K
Investment incomeLn 3$8K
Gains on assetsLn 7$0
Total revenueLn 12$75K
Assets in detailPt X, end of year
CashLn 1$0
SavingsLn 2$615K
Cash and savings togetherLn 1–2$615K
InvestmentsLn 11–13$252K
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$0
Total assetsLn 16$867K
LiabilitiesLn 26$0
Net assetsLn 32$867K
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$557K$615K
InvestmentsLn 11–13$251K$252K
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$807K$867K
LiabilitiesLn 26$0$0
Net assetsLn 32$807K$867K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$0
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$0
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$2K$2K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$0
Office expensesLn 13$0
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$0
TravelLn 17$2K$2K
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$0
Other expenses (24a–d)Ln 24$11K$6K$5K
All other expensesLn 24e$0
Total functional expensesLn 25$15K$6K$9K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $44K$367K 990 PDF
FY2024 $17K$329K 990 PDF
FY2023 $31K$342K 990 PDF
FY2022 $51K$387K 990 PDF
FY2021 Viewing $75K$15K$60K$867K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2021 990 (6 parts)
Part I · Summary $75,412 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $143,960$67,810
I-9 Program service revenue$0
I-10 Investment incomePrior year $11,276$7,602
I-11 Other revenue$0
I-12 Total revenuePrior year $155,236$75,412
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $8,248$15,373
I-18 Total expensesPrior year $8,248$15,373
I-19 Revenue less expensesPrior year $146,988$60,039
Part VI · Governance 0 of 11 board members independent, 4 to look at
VI-1a Voting members of the governing body11
VI-1b Independent voting members0
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $75,412 across 9 lines filed
VIII-1d Related organizations$40,060
VIII-1f All other contributions, gifts and grants$27,750
VIII-1h Total contributions, gifts and grants$67,810
VIII-3 Investment incomeRelated to mission $7,602$7,602
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $7,602$75,412
Part IX · Statement of functional expenses $15,373 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$0
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxes$0
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting feesManagement $2,005$2,005
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-12 Advertising and promotion$0
IX-13 Office expenses$0
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 TravelManagement $2,085$2,085
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 Insurance$0
IX-24 Other expenses (24a–d)Programs $6,050 · Management $5,233$11,283
IX-24e All other expenses$0
IX-25 Total functional expensesPrograms $6,050 · Management $9,323 · Fundraising $0$15,373
Part X · Balance sheet $867,337 assets, 17 lines filed
X-1 Cash, non-interest-bearing$0
X-2 Savings and temporary cash investmentsStart of year $556,742$615,104
X-3 Pledges and grants receivable$0
X-4 Accounts receivable$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred charges$0
X-10c Land, buildings and equipment, net$0
X-11 Publicly traded securitiesStart of year $250,556$252,233
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assets$0
X-16 Total assetsStart of year $807,298$867,337
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $807,298$867,337
X-32 Total net assets or fund balancesStart of year $807,298$867,337
X-33 Total liabilities and net assetsStart of year $807,298$867,337
Part XI · Reconciliation of net assets $867,337 net assets at year end
XI-1 Total revenue$75,412
XI-2 Total expenses$15,373
XI-3 Revenue less expenses$60,039
XI-4 Net assets at start of year$807,298
XI-10 Net assets at end of year$867,337

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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