Civic Intelligence

Amedcoedu Inc

990 • Fiscal year 2023 • EIN 46-1223517

Jan 01, 2023 to Dec 31, 2023 • Filed on Nov 15, 2024

90 West County Road C Ste 300Saint Paul, MN 55117

(952) 892-5909

Siviq Scores

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

Liabilities / Assets

95th percentile

1.02x

Higher debt load relative to assets than 95% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

98th percentile

3.80x

Higher debt load relative to revenue than 98% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Net Margin

25th percentile

-12%

Higher net margin than 25% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Top Officer Pay

78th percentile

$0

Higher top officer pay than 78% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Asset Growth

41st percentile

-3.2%

Faster asset growth than 41% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

30th percentile

-14%

Faster revenue growth than 30% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Assets

Flat

$304,099

Flat from 2023

Net Assets

Flat

-$6,856

Flat from 2023

Liabilities

Flat

$310,955

Flat from 2023

Revenue

Flat

$81,750

Flat from 2023

Expenses

Flat

$91,750

Flat from 2023

Net Income

Flat

-$10,000

Flat from 2023

Historical Trend

Balance Sheet Trend

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

$400K$200K$0-$200KAssets 2014: $100,000Liabilities 2014: $02014Assets 2015: $48,021Net Assets 2015: $48,0212015Assets 2016: $45,687Liabilities 2016: $02016Assets 2017: $125,687Liabilities 2017: $0Net Assets 2017: $125,6872017Assets 2018: $45,660Liabilities 2018: $0Net Assets 2018: $45,6602018Assets 2019: $45,604Liabilities 2019: $170,560Net Assets 2019: -$124,9562019Assets 2020: $301,179Liabilities 2020: $306,945Net Assets 2020: -$5,7662020Assets 2021: $301,709Liabilities 2021: $307,475Net Assets 2021: -$5,7662021Assets 2022: $314,154Liabilities 2022: $311,010Net Assets 2022: $3,1442022Assets 2023: $304,099Liabilities 2023: $310,955Net Assets 2023: -$6,8562023Assets 2023: $304,099Liabilities 2023: $310,955Net Assets 2023: -$6,8562023Assets 2024: $304,099Liabilities 2024: $309,495Net Assets 2024: -$5,3962024

Highlighted filing

2023

Assets$304,099
Liabilities$310,955
Net Assets-$6,856

Operations Trend

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

$2.0M$1.5M$1.0M$500K$0-$500KRevenue 2014: $100,000Expenses 2014: $0Net Income 2014: $100,0002014Expenses 2015: $51,9792015Revenue 2016: $33,000Expenses 2016: $35,334Net Income 2016: -$2,3342016Revenue 2017: $716,350Expenses 2017: $636,350Net Income 2017: $80,0002017Revenue 2018: $1,096,056Expenses 2018: $1,176,083Net Income 2018: -$80,0272018Revenue 2019: $1,860,633Expenses 2019: $1,865,639Net Income 2019: -$5,0062019Revenue 2020: $530,110Expenses 2020: $410,920Net Income 2020: $119,1902020Revenue 2021: $105,000Expenses 2021: $105,000Net Income 2021: $02021Revenue 2022: $94,750Expenses 2022: $85,840Net Income 2022: $8,9102022Revenue 2023: $81,750Expenses 2023: $91,750Net Income 2023: -$10,0002023Revenue 2023: $81,750Expenses 2023: $91,750Net Income 2023: -$10,0002023Revenue 2024: $75,216Expenses 2024: $75,761Net Income 2024: -$5452024

Highlighted filing

2023

Revenue$81,750
Expenses$91,750
Net Income-$10,000
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 15, 2024
Return Version
2023v5.1
Gross Receipts
$81,750
Mission and Program Overview

Mission

Fully accredited continuing education services are provided for mental health, chemical dependency and substance abuse treatment providers in the united states. Education services are provided to both individuals and organizations to assist individuals or the individuals within an organization to maintain licensure within their respective field.

Amedcoedu is a charitable organization that provides accredited continuing medical education and training services required for medical licensing in the health care and medical service fields such as mental health, chemical dependency, and substance abuse treatment, among others.

Balance Sheet Detail
LineBeginningEndChange
Assets
Prepaid Expenses and Deferred Charges$300,000$300,000→ $0
Cash and Non-Interest-Bearing Accounts$14,154$4,099▼ $10,055
Total Assets$314,154$304,099▼ $10,055
Liabilities
Deferred Revenue$300,000$300,000→ $0
Unsecured Notes Loans Payable$11,010$10,955▼ $55
Total Liabilities$311,010$310,955▼ $55
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,144$-6,856▼ $10,000
Total Net Assets Fund Balance$3,144$-6,856▼ $10,000
Total Liabilities and Net Assets / Fund Balance$314,154$304,099▼ $10,055
Compensation and Service Providers

Board Members and Trustees

NameTitle
Karen EdmonsonChairwoman
Norman SkogExecutive Director & Chairman
Iver SkogSecretary
Erin CollinsTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$81,750
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$81,750
Change in Net Assets
$-10,000
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$91,750
Other Expenses$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$91,750--$91,750
Total Functional Expenses$91,750$0$0$91,750
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Officer directors etc family relationship Part VI line 2

Form 900 - part vi; line 2: related party information: three (3) of the board members are blood relatives including the following with their relationship listed.karen edmonson & normal skog - married coupleiver skog - nephew of karen edmonson & normal skog

Form 990 governing body review Part VI line 11

Each member of the board participates in the preparation of the organizations form 990 and has an opportunity to address any questions or issue with the information reported. Preliminary drafts of the organizations form 990 are provided to each member of the board for review and inspection prior to filing. Upon completion of the organizations 990 tax return preparation, final copies are delivered to each member of the board for final review and inspection. The organizations completed 990 is only submitted to the respective federal and state tax and governing agencies for filing purposes after every board member has the opportunity to review and individually approve the organizations final 990 tax form. The organizations final form 990 is only filed full board approval.

Conflict of interest policy compliance Part VI line 12C

On a semi-annual basis, the board conducts a review of any potential conflicts of interest. None were identified during the tax year in question.

Governing documents etc available to public Part VI line 19

The organizations prior-year financial informaton and tax forms are publically available and provided upon request.

Filing and Contact Details

Filer

Filer Name
Amedcoedu Inc
EIN
46-1223517
Address
90 WEST COUNTY ROAD C STE 300, SAINT PAUL, MN 55117
Doing Business As
Amedcoedu

Signing Officer

Name
Erin Collins
Title
Treasurer
Phone
6517893710
Signed
2024-11-15
Discuss with paid preparer
Yes

Organization Details

Formed
2012
Legal Domicile
Mn
Voting Board Members
4
Independent Board Members
4
Employees
0

Preparer

Firm
357 Tax
Address
3916 N POTSDAM AVE SUITE 1907, SIOUX FALLS, SD 57104
Preparer
Christopher James
Phone
3077353744
Supplemental Narrative

Additional Explanations

Part III response or note to any other line in Part III

Form 900 - part iii; line 1: primary exempt purpose (organizations mission): amedcoedu is a 501c3 charitable organization that provides accredited continuing medical education and training services required for medical licensing in the health care and medical service fields including but not limited to the mental health, chemical dependency, and substance abuse treatment fields, among others. Amedcoedu operates and delivers its accredited continuing medical education and training services throughout the united states to individuals and organizations which are required to satisfy and comply the regular and ongoing medical licensing requirements at the federal and state level.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORM 900 - PART VI; LINE 2: RELATED PARTY INFORMATION: THREE (3) OF THE BOARD MEMBERS ARE BLOOD RELATIVES INCLUDING THE FOLLOWING WITH THEIR RELATIONSHIP LISTED.KAREN EDMONSON & NORMAL SKOG - MARRIED COUPLEIVER SKOG - NEPHEW OF KAREN EDMONSON & NORMAL SKOG
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EACH MEMBER OF THE BOARD PARTICIPATES IN THE PREPARATION OF THE ORGANIZATIONS FORM 990 AND HAS AN OPPORTUNITY TO ADDRESS ANY QUESTIONS OR ISSUE WITH THE INFORMATION REPORTED. PRELIMINARY DRAFTS OF THE ORGANIZATIONS FORM 990 ARE PROVIDED TO EACH MEMBER OF THE BOARD FOR REVIEW AND INSPECTION PRIOR TO FILING. UPON COMPLETION OF THE ORGANIZATIONS 990 TAX RETURN PREPARATION, FINAL COPIES ARE DELIVERED TO EACH MEMBER OF THE BOARD FOR FINAL REVIEW AND INSPECTION. THE ORGANIZATIONS COMPLETED 990 IS ONLY SUBMITTED TO THE RESPECTIVE FEDERAL AND STATE TAX AND GOVERNING AGENCIES FOR FILING PURPOSES AFTER EVERY BOARD MEMBER HAS THE OPPORTUNITY TO REVIEW AND INDIVIDUALLY APPROVE THE ORGANIZATIONS FINAL 990 TAX FORM. THE ORGANIZATIONS FINAL FORM 990 IS ONLY FILED FULL BOARD APPROVAL.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATIONS PRIOR-YEAR FINANCIAL INFORMATON AND TAX FORMS ARE PUBLICALLY AVAILABLE AND PROVIDED UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4FORM 900 - PART III; LINE 1: PRIMARY EXEMPT PURPOSE (ORGANIZATIONS MISSION): AMEDCOEDU IS A 501C3 CHARITABLE ORGANIZATION THAT PROVIDES ACCREDITED CONTINUING MEDICAL EDUCATION AND TRAINING SERVICES REQUIRED FOR MEDICAL LICENSING IN THE HEALTH CARE AND MEDICAL SERVICE FIELDS INCLUDING BUT NOT LIMITED TO THE MENTAL HEALTH, CHEMICAL DEPENDENCY, AND SUBSTANCE ABUSE TREATMENT FIELDS, AMONG OTHERS. AMEDCOEDU OPERATES AND DELIVERS ITS ACCREDITED CONTINUING MEDICAL EDUCATION AND TRAINING SERVICES THROUGHOUT THE UNITED STATES TO INDIVIDUALS AND ORGANIZATIONS WHICH ARE REQUIRED TO SATISFY AND COMPLY THE REGULAR AND ONGOING MEDICAL LICENSING REQUIREMENTS AT THE FEDERAL AND STATE LEVEL.
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IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-6856
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt091750
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt081750
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0314154
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0304099
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TransactionWithControlEntInd0false
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt011010
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt010955
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0WWW.AMEDCOEDU.COM
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02024-10-15 13:58:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0ERIN COLLINS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum06517893710
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-11-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0AMEDCOEDU INC
ReturnHeader/Filer/BusinessNameControlTxt0AMED
ReturnHeader/Filer/EIN0461223517
ReturnHeader/Filer/USAddress/AddressLine1Txt090 WEST COUNTY ROAD C STE 300
ReturnHeader/Filer/USAddress/CityNm0SAINT PAUL
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MN
ReturnHeader/Filer/USAddress/ZIPCd055117
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0811358279
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0357 TAX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt03916 N POTSDAM AVE SUITE 1907
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0SIOUX FALLS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0SD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd057104
ReturnHeader/PreparerPersonGrp/PhoneNum03077353744
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0CHRISTOPHER JAMES
ReturnHeader/ReturnTs02024-12-11T12:27:05-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

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Peer Organizations

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