Civic Intelligence

Medical Learning Institute Inc.

990 • Fiscal year 2016 • EIN 20-5007618

Jan 01, 2016 to Dec 31, 2016 • Filed on Nov 10, 2017

Organization ProfileWWW.MLICME.ORG

View Organization Page

203 Main StreetFlemington, NJ 08822

(609) 333-1693

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

8th percentile

0.00x

Higher debt load relative to assets than 8% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Liabilities / Revenue

5th percentile

0.00x

Higher debt load relative to revenue than 5% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Net Margin

76th percentile

14%

Higher net margin than 76% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Top Officer Pay

50th percentile

$175,000

Higher top officer pay than 50% of similar nonprofits.

Top officer pay equals 1.6% of source-year revenue.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Asset Growth

95th percentile

63%

Faster asset growth than 95% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2015 to 2016

Revenue Growth

81st percentile

22%

Faster revenue growth than 81% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets8th percentile

Assets

Up

$3,959,493

Up $1,525,530 (+63%) from 2015

Net Assets

Up

$3,952,033

Up $1,542,979 (+64%) from 2015

Liabilities

Down

$7,460

Down $17,449 (-70%) from 2015

Revenue And Expenses
Liabilities / Revenue5th percentileNet Margin76th percentile

Revenue

Up

$10,844,534

Up $1,925,094 (+22%) from 2015

Expenses

Up

$9,301,538

Up $2,214,669 (+31%) from 2015

Net Income

Down

$1,542,996

Down $289,575 (-16%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth95th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$15M$10M$5.0M$0Assets 2010: $552,568Liabilities 2010: $94,469Net Assets 2010: $458,0992010Assets 2011: $546,886Liabilities 2011: $44,845Net Assets 2011: $502,0412011Assets 2012: $408,446Liabilities 2012: $3,934Net Assets 2012: $404,5122012Assets 2013: $514,346Liabilities 2013: $0Net Assets 2013: $514,3462013Assets 2014: $362,104Liabilities 2014: $11,439Net Assets 2014: $350,6652014Assets 2015: $2,433,963Liabilities 2015: $24,909Net Assets 2015: $2,409,0542015Assets 2016: $3,959,493Liabilities 2016: $7,460Net Assets 2016: $3,952,0332016Assets 2017: $2,777,773Liabilities 2017: $12,469Net Assets 2017: $2,765,3042017Assets 2018: $5,076,330Liabilities 2018: $3,186,148Net Assets 2018: $1,890,1822018Assets 2019: $9,492,840Liabilities 2019: $7,789,244Net Assets 2019: $1,703,5962019Assets 2020: $10,326,444Liabilities 2020: $4,899,470Net Assets 2020: $5,426,9742020Assets 2021: $9,314,882Liabilities 2021: $2,435,794Net Assets 2021: $6,879,0882021Assets 2022: $4,526,793Liabilities 2022: $1,335,635Net Assets 2022: $3,191,1582022Assets 2023: $771,047Liabilities 2023: $414,970Net Assets 2023: $356,0772023Assets 2024: $1,643,534Liabilities 2024: $215,516Net Assets 2024: $1,428,0182024

Highlighted filing

2016

Assets$3,959,493
Liabilities$7,460
Net Assets$3,952,033
Open 2016 Filing

Operations Trend

Revenue Growth81st percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$40M$20M$0-$20MRevenue 2010: $5,985,662Expenses 2010: $5,884,079Net Income 2010: $101,5832010Expenses 2011: $2,908,5482011Expenses 2012: $2,823,1912012Revenue 2013: $3,123,071Expenses 2013: $2,984,483Net Income 2013: $138,5882013Revenue 2014: $1,319,918Expenses 2014: $1,426,764Net Income 2014: -$106,8462014Revenue 2015: $8,919,440Expenses 2015: $7,086,869Net Income 2015: $1,832,5712015Revenue 2016: $10,844,534Expenses 2016: $9,301,538Net Income 2016: $1,542,9962016Revenue 2017: $20,326,681Expenses 2017: $21,513,410Net Income 2017: -$1,186,7292017Revenue 2018: $16,652,281Expenses 2018: $16,814,299Net Income 2018: -$162,0182018Revenue 2019: $22,042,068Expenses 2019: $22,228,654Net Income 2019: -$186,5862019Revenue 2020: $32,215,047Expenses 2020: $27,673,945Net Income 2020: $4,541,1022020Revenue 2021: $36,728,738Expenses 2021: $33,447,648Net Income 2021: $3,281,0902021Revenue 2022: $21,556,516Expenses 2022: $25,233,859Net Income 2022: -$3,677,3432022Revenue 2023: $6,030,181Expenses 2023: $8,865,262Net Income 2023: -$2,835,0812023Revenue 2024: $8,370,360Expenses 2024: $7,442,920Net Income 2024: $927,4402024

Highlighted filing

2016

Revenue$10,844,534
Expenses$9,301,538
Net Income$1,542,996
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Nov 10, 2017
Return Version
2016v3.0
Gross Receipts
$10,844,534
Mission and Program Overview

Mission

The organization was organized to provide continuing medical education to medical professionals. This is accomplished by providing audio conferences free of charge to participants, monographs provided free of charge to particiapnts, and national as well as small group meetings with speakers provided free of charge to participants.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$1,168,558$2,610,191▲ $1,441,633
Accounts Receivable$1,265,405$1,349,302▲ $83,897
Total Assets$2,433,963$3,959,493▲ $1,525,530
Liabilities
Other Liabilities$24,909$7,460▼ $17,449
Total Liabilities$24,909$7,460▼ $17,449
Net Assets / Fund Balance
Unrestricted Net Assets$2,409,054$3,952,033▲ $1,542,979
Total Net Assets Fund Balance$2,409,054$3,952,033▲ $1,542,979
Total Liabilities and Net Assets / Fund Balance$2,433,963$3,959,493▲ $1,525,530

Asset Categories

AssetBook ValueDepreciationBasis
Equipment-$8,170$8,170
Other Land Buildings-$8,027$8,027
Compensation and Service Providers
Top Officer Pay50th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Christopher J GusackCFOFT$175,000$175,000
Kristin M GusackExecutive DiFT$110,000$110,000

Board Members and Trustees

NameTitle
Meredith AnkeTrustee
Meredith RogersTrustee
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$10,844,501
Investment Income
$33
Other Revenue
$0
Change in Net Assets
$1,542,996
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$8,725,346
Salaries, Compensation, and Employee Benefits$576,192
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$8,354,996--$8,354,996
Current Officers, Directors, Trustees, and Key Employees-$285,000-$285,000
Other Salaries and Wages-$205,000-$205,000
Travel$56,717--$56,717
Payroll Taxes-$38,056-$38,056
Office Expenses$30,816$6,627-$37,443
Other Employee Benefits-$27,633-$27,633
Fees for Services Management$20,880--$20,880
Pension Plan Contributions-$20,503-$20,503
All Other Expenses-$14,804-$14,804
Other Expenses$156,450$8,065-$8,065
Insurance-$5,229-$5,229
Interest-$1,602-$1,602
Total Functional Expenses$8,619,859$681,679$0$9,301,538
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Credit Cards Payable$4,713
Accounts Payable$2,747
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 2

“Christopher j. Gusack kristin m. Gusack cfo exec directo married”

Form 990, Page 6, Part VI, Line 11B

“No review was or will be conducted.”

Form 990, Page 6, Part VI, Line 15A

“The board of directors reviewed and approved the annual salary of the executive officer.”

Form 990, Page 6, Part VI, Line 15B

“The board of directors reviewed and approved the salary for all regular employees.”

Form 990, Page 6, Part VI, Line 19

“No documents available to the public”

Filing and Contact Details

Filer

Filer Name
Medical Learning Institute Inc
EIN
20-5007618
Phone
6093331693
Address
203 MAIN STREET, FLEMINGTON, NJ 08822

Signing Officer

Name
Christopher J Gusack
Title
CFO
Phone
6093331693
Signed
2017-11-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kristin M Gusack
Formed
2006
Legal Domicile
Nj
Voting Board Members
4
Independent Board Members
2
Employees
5

Preparer

Firm
Mastro Associates LLC
Address
3176 ROUTE 27 STE 2A, KENDALL PARK, NJ 08824
Preparer
Marc S Mastro
Phone
7322976700
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“The organization was organized to provide continuing medical education to medical professionals. This is accomplished by providing audio conferences free of charge to participants, monographs provided free of charge to particiapnts, and national as well as small group meetings with speakers provided free of charge to participants.”

Form 990, Page 2, Part III, Line 4D

“To set up and provide continuing education conferences for medical professionals. Each conference will feature a different subject presented by a guest speaker. A question and answer period will follow each presentation.”

Form 990, Part IX, Line 11G

“Educational developement 74,152 0 0 faculty honoraria fees 67,500 0 0 logistics provider fees 7,716,087 0 0 meeting expenses 461,264 0 0 peer review 34,775 0 0 professional fees 1,218 0 0 total 8,354,996 0 0”

Form 990, Page 12, Part XII, Line 1

“The accounting method for the preparation of the tax return was changed to an accrual basis to better reflect business opertions.”

Raw XML Appendix344 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0175000
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION WAS ORGANIZED TO PROVIDE CONTINUING MEDICAL EDUCATION TO MEDICAL PROFESSIONALS. THIS IS ACCOMPLISHED BY PROVIDING AUDIO CONFERENCES FREE OF CHARGE TO PARTICIPANTS, MONOGRAPHS PROVIDED FREE OF CHARGE TO PARTICIAPNTS, AND NATIONAL AS WELL AS SMALL GROUP MEETINGS WITH SPEAKERS PROVIDED FREE OF CHARGE TO PARTICIPANTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1TO SET UP AND PROVIDE CONTINUING EDUCATION CONFERENCES FOR MEDICAL PROFESSIONALS. EACH CONFERENCE WILL FEATURE A DIFFERENT SUBJECT PRESENTED BY A GUEST SPEAKER. A QUESTION AND ANSWER PERIOD WILL FOLLOW EACH PRESENTATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2CHRISTOPHER J. GUSACK KRISTIN M. GUSACK CFO EXEC DIRECTO MARRIED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE BOARD OF DIRECTORS REVIEWED AND APPROVED THE ANNUAL SALARY OF THE EXECUTIVE OFFICER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE BOARD OF DIRECTORS REVIEWED AND APPROVED THE SALARY FOR ALL REGULAR EMPLOYEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6NO DOCUMENTS AVAILABLE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7EDUCATIONAL DEVELOPEMENT 74,152 0 0 FACULTY HONORARIA FEES 67,500 0 0 LOGISTICS PROVIDER FEES 7,716,087 0 0 MEETING EXPENSES 461,264 0 0 PEER REVIEW 34,775 0 0 PROFESSIONAL FEES 1,218 0 0 TOTAL 8,354,996 0 0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8THE ACCOUNTING METHOD FOR THE PREPARATION OF THE TAX RETURN WAS CHANGED TO AN ACCRUAL BASIS TO BETTER REFLECT BUSINESS OPERTIONS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART IX, LINE 11G
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990, PAGE 12, PART XII, LINE 1
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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt02433963
IRS990/TotalAssetsEOYAmt03959493
IRS990/TotalAssetsGrp/BOYAmt02433963
IRS990/TotalAssetsGrp/EOYAmt03959493
IRS990/TotalCompGreaterThan150KInd0true
IRS990/TotalEmployeeCnt05
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0681679
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt08619859
IRS990/TotalFunctionalExpensesGrp/TotalAmt09301538
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt024909
IRS990/TotalLiabilitiesEOYAmt07460
IRS990/TotalLiabilitiesGrp/BOYAmt024909
IRS990/TotalLiabilitiesGrp/EOYAmt07460
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02409054
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt03952033
IRS990/TotalOtherProgSrvcExpenseAmt0187266
IRS990/TotalProgramServiceExpensesAmt08619859
IRS990/TotalProgramServiceRevenueAmt010844501
IRS990/TotalReportableCompFromOrgAmt0285000
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt010844534
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt010844534
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02433963
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt03959493
IRS990/TravelGrp/ProgramServicesAmt056717
IRS990/TravelGrp/TotalAmt056717
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt02409054
IRS990/UnrestrictedNetAssetsGrp/EOYAmt03952033
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01009 TEAL POINTE
IRS990/USAddress/CityNm0TARPON SPRINGS
IRS990/USAddress/StateAbbreviationCd0FL
IRS990/USAddress/ZIPCd034689
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt02
IRS990/WebsiteAddressTxt0WWW.MLICME.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0CHRISTOPHER J GUSACK
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CFO
ReturnHeader/BusinessOfficerGrp/PhoneNum06093331693
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-11-10
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MEDICAL LEARNING INSTITUTE INC
ReturnHeader/Filer/BusinessNameControlTxt0MEDI
ReturnHeader/Filer/EIN0205007618
ReturnHeader/Filer/PhoneNum06093331693
ReturnHeader/Filer/USAddress/AddressLine1Txt0203 MAIN STREET
ReturnHeader/Filer/USAddress/CityNm0FLEMINGTON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NJ
ReturnHeader/Filer/USAddress/ZIPCd008822
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0FA39BA0BDA60BA6815E6656D03910E1A3D754AA5
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0FA39BA0BDA60BA6815E6656D03910E1A3D754AA5
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0134152581
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MASTRO ASSOCIATES LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt03176 ROUTE 27 STE 2A
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0KENDALL PARK
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NJ
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd008824
ReturnHeader/PreparerPersonGrp/PhoneNum07322976700
ReturnHeader/PreparerPersonGrp/PreparationDt02017-11-13
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MARC S MASTRO
ReturnHeader/ReturnTs02017-11-14T09:24:47-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-01-01
ReturnHeader/TaxPeriodEndDt02016-12-31
ReturnHeader/TaxYr02016

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,959,493
Liabilities
$7,460
Net assets
$3,952,033
Revenue
$10,844,534
Expenses
$9,301,538
Net income
$1,542,996
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.64$0.22$1.43$8.37$7.44$0.93
2023Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.77$0.41$0.36$6.03$8.87$2.84
2022Summary only. Only limited summary data is available for this year.$4.53$1.34$3.19$21.6$25.2$3.68
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$9.31$2.44$6.88$36.7$33.4$3.28
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$10.3$4.90$5.43$32.2$27.7$4.54
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$9.49$7.79$1.70$22.0$22.2$0.19
2018Summary only. Only limited summary data is available for this year.$5.08$3.19$1.89$16.7$16.8$0.16
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.78$0.01$2.77$20.3$21.5$1.19
2016Detailed filing. Detailed filing data is available for this year.$3.96$0.01$3.95$10.8$9.30$1.54
2015Detailed filing. Detailed filing data is available for this year.$2.43$0.02$2.41$8.92$7.09$1.83
2014Detailed filing. Detailed filing data is available for this year.$0.36$0.01$0.35$1.32$1.43$0.11
2013Detailed filing. Detailed filing data is available for this year.$0.51$0.00$0.51$3.12$2.98$0.14
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.41$0.00$0.40$2.82
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.55$0.04$0.50$2.91
2010Summary only. Only limited summary data is available for this year.$0.55$0.09$0.46$5.99$5.88$0.10