Civic Intelligence

The Medo Foundation Inc

EIN 81-3764329 • 501(c)3 • Columbia, SC

Profile

Medo foundation's mission is to improve the delivery of medical care, enhance patient care and safety, and educate physicians, nurses, and other health care professionals on the latest developments in the health sciences field.

9 Possum RunColumbia, SC 29223

www.medofoundation.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

60th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.

Source year 2019

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on the latest valid filing.

Source year 2019

Top Officer Pay

93rd percentile

$48,480

Higher top officer pay than 93% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2018

Asset Growth

44th percentile

-6.2%

Faster asset growth than 44% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets60th percentile

Assets

Down

$882

Down $58 (-6.2%) from 2018

Liabilities

Flat

$0

Flat from 2018

Net Assets

-

No earlier filing loaded for comparison.

Operations
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

Flat

$0

Flat from 2018

Expenses

Down

$57

Down $81,847 (-100%) from 2018

Net Income

Up

-$57

Up $81,847 (+100%) from 2018

Trend Graphs

Balance Sheet Trend

Asset Growth44th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$150K$100K$50K$0Assets 2017: $133,658Liabilities 2017: $50,814Net Assets 2017: $82,8442017Assets 2018: $940Liabilities 2018: $0Net Assets 2018: $9402018Assets 2019: $882Liabilities 2019: $02019

Highlighted filing

2019

Assets$882
Liabilities$0
Net Assets-
Open 2019 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income by year, with the latest filing highlighted.

$400K$200K$0-$200KRevenue 2017: $330,940Expenses 2017: $241,280Net Income 2017: $89,6602017Revenue 2018: $0Expenses 2018: $81,904Net Income 2018: -$81,9042018Revenue 2019: $0Expenses 2019: $57Net Income 2019: -$572019

Highlighted filing

2019

Revenue$0
Expenses$57
Net Income-$57
Open 2019 Filing

Filings

Most recent year

2019 • Form 990EZSummary only. Only limited summary data is available for this year.

Open filing
Assets
$882
Liabilities
$0
Net assets
-
Revenue
$0
Expenses
$57
Net income
-$57
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2019Summary only. Only limited summary data is available for this year.$0.01$0.00$0.00$0.00$0.00
2018Detailed filing. Detailed filing data is available for this year.$0.01$0.00$0.01$0.00$0.82$0.82
2017Detailed filing. Detailed filing data is available for this year.$1.34$0.51$0.83$3.31$2.41$0.90
Latest Detailed Filing

The latest 2019 filing currently has summary financial data only. Showing the latest detailed filing from 2018 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
May 13, 2019
Return Version
2018v3.1
Gross Receipts
$0
Mission and Program Overview

Mission

Medo foundation's mission is to improve the delivery of medical care, enhance patient care and safety, and educate physicians, nurses, and other health care professionals on the latest developments in the health sciences field.

Balance Sheet Detail
LineBeginningEndChange
Assets
Prepaid Expenses and Deferred Charges$1,106--
Cash and Non-Interest-Bearing Accounts$132,552$940▼ $131,612
Rtn Earn Endowment Incm Other Fnds$82,844$940▼ $81,904
Total Assets$133,658$940▼ $132,718
Liabilities
Accounts Payable and Accrued Expenses$50,814--
Total Liabilities$50,814$0▼ $50,814
Net Assets / Fund Balance
Total Net Assets Fund Balance$82,844$940▼ $81,904
Total Liabilities and Net Assets / Fund Balance$133,658$940▼ $132,718
Compensation and Service Providers
Top Officer Pay93rd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Erica R SerbinCEOPT$48,000$480$48,480

Board Members and Trustees

NameTitle
Drkenneth MoritsuguChair and Pr
Drjames GallowayVice Chair &
Ana BilikSecretary
Joan KaplanTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-81,904
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$52,151
Total Fundraising Expense$31,496
Other Expenses$29,753
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$26,400$2,400$19,200$48,000
Information Technology$8,280-$8,280$16,560
Fees for Services Other$3,943-$208$4,151
Fees for Services Accounting-$4,125-$4,125
Payroll Taxes$2,019$183$1,469$3,671
Fees for Services Legal$612$408$1,020$2,040
Occupancy$312$302$302$916
Insurance$365$61$413$839
Pension Plan Contributions$264$24$192$480
Other Expenses$40$23$181$40
Office Expenses$4-$3$7
Total Functional Expenses$42,825$7,583$31,496$81,904
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
No
Annual disclosure for covered persons
Yes
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
No
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 11B

“Members of the board of directors were sent a copy of form 990 for their review and comments prior to filing form 990”

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

“Compensation for the chief executive officer was approved by the board of directors.”

Form 990, Page 6, Part VI, Line 19

“All documents are available on demand from the organization.”

Filing and Contact Details

Filer

Filer Name
The Medo Foundation Inc
EIN
81-3764329
Phone
8034624700
Address
9 POSSUM RUN, COLUMBIA, SC 29223

Signing Officer

Name
Erica R Serbin
Title
CEO
Phone
8038241001
Signed
2019-05-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Erica R Serbin
Formed
2016
Legal Domicile
Sc
Voting Board Members
5
Independent Board Members
4
Employees
1

Preparer

Firm
Sklar Carmosin & Company
Address
801 OLD YORK RD STE 402, JENKINTOWN, PA 19046
Preparer
Alan Leibovitz
Phone
2158855811
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“Medo foundation's mission is to improve the delivery of medical care, enhance patient care and safety, and educate physicians, nurses, and other health care professionals on the latest developments in the health sciences field.”

Raw XML Appendix319 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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2COMPENSATION FOR THE CHIEF EXECUTIVE OFFICER WAS APPROVED BY THE BOARD OF DIRECTORS.
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ReturnHeader/FilingSecurityInformation/IPTm015:31:51
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0231285212
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0SKLAR CARMOSIN & COMPANY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0801 OLD YORK RD STE 402
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0JENKINTOWN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd019046
ReturnHeader/PreparerPersonGrp/PhoneNum02158855811
ReturnHeader/PreparerPersonGrp/PreparationDt02019-05-08
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ALAN LEIBOVITZ
ReturnHeader/ReturnTs02019-05-10T15:31:51-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-01-01
ReturnHeader/TaxPeriodEndDt02018-12-31
ReturnHeader/TaxYr02018

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