Nonprofit · EIN 35-2576257
MEDQUARTER INC
Tax-exempt · CEDAR RAPIDS, IA 52401
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $233,358 | $159,493 | $73,865 | $1,032,093 | $0 | $1,032,093 |
| June 30, 2024 | 990 | $243,371 | $345,299 | -$101,928 | $972,593 | $16,566 | $956,027 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $202,000
- Membership dues
- $202,000
- Program service revenue
- $0
- Investment income
- $31,358
- Net gain from sales of assets
- $4,071
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Occupancy
- $152
Balance sheet and other
- Total assets, start of year
- $972,593
- Total assets, end of year
- $1,032,093
- Total liabilities, end of year
- $0
- Net assets, end of year
- $1,032,093
- Land, buildings and equipment
- $280,004
- Publicly traded securities
- $641,874
- Gross receipts
- $233,358
- Employees
- 0
- Volunteers
- 10
- Year formed
- 2016
- State of legal domicile
- IA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CASEY GREENE | SECRETARY Trustee or director, Officer | 1 | $0 |
| TIM QUINN | TREASURER Trustee or director, Officer | 1 | $0 |
| PHILIP WASTA | PRESIDENT Officer | 4 | $0 |
990 for the year ended June 30, 2024: 3 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| PHILIP WASTA | PRESIDENT Officer | 4 | $11,941 | $1,931 |
| CASEY GREENE | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| TIM QUINN | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 501 1ST ST SE, CEDAR RAPIDS, IA 52401-2011
- In care of
- % CEDAR RAPIDS METRO ECONOMIC
- Principal officer (990 for 2024)
- PHILIP WASTA, 501 1ST STREET SE, CEDAR RAPIDS, IA 52401
- Signed the 990
- CASEY GREENE, SECRETARY
- Phone
- (319) 398-5317
- Website
- THEMEDQ.COM
- Return prepared by
- CLIFTONLARSONALLEN LLP
Mission
THE MEDQUARTER (SHORT FOR MEDQUARTER REGIONAL MEDICAL DISTRICT) IS A REVITALIZATION PARTNERSHIP COMMITTED TO PROMOTING A DYNAMIC URBAN MEDICAL COMMUNITY TO IMPROVE QUALITY OF LIFE AND ADVOCATE FOR NEW BUSINESSES AND JOBS IN A DEFINED MEDICAL DISTRICT.
Program accomplishments
- MEDICAL COMMUNITY THE MEDQUARTER FAITH & MEDICINE TASK FORCE CONTINUED TO SUPPORT COMMUNITY MENTAL HEALTH THROUGH TWO INITIATIVES: 1) ONGOING UPDATES TO AND PROMOTION OF THE LOCAL MENTAL HEALTH SERVICE RESOURCES AVAILABLE ON THE GETHELPNOWCR.COM WEBSITE LANDING PAGE AS WELL AS PRINTED MATERIALS TO BE HANDED OUT THROUGHOUT THE MEDQUARTER AND COMMUNITY. 2) PARTNERED WITH PRAIRIEWOODS FRANCISCAN SPIRITUALITY CENTER IN PLANNING AND EXECUTING THE "SPIRITUALITY IN THE 21ST CENTURY" EDUCATION SERIES ON MAY 5TH & 6TH FEATURING DR. LISA MILLER, AUTHOR OF THE AWAKENED BRAIN: THE NEW SCIENCE OF SPIRITUALITY & OUR QUEST FOR AND INSPIRED LIFE.
- BUSINESS COMMUNITY THE MEDQUARTER CONTINUED ITS DISTRICT IMPROVEMENT EFFORTS BY COLLABORATING WITH THE CITY OF CEDAR RAPIDS ON THE CONSTRUCTION OF A ROUNDABOUT AT THE INTERSECTION OF 10TH STREET / 8TH AVENUE / MT. VERNON ROAD SE. THE PROJECT WILL SUPPORT THE MEDQUARTER'S PARKWAY STANDARDS INCLUDING NEW LIGHT POLES/LIGHTS, TREES, DECORATIVE PAVERS, DECORATIVE FENCING, LANDSCAPING, SIGNAGE, AND PROGRAMMABLE LED LANDSCAPE LIGHTING. THIS IS A 2-YEAR CONSTRUCTION PROJECT. 50 SELF-WATERING DECORATIVE PLANTERS WITH FLOWERS, GRASSES AND PLANTS WERE PLACED THROUGHOUT THE DISTRICT FOR THE GROWING SEASON. HOLIDAY LIGHTING WAS INSTALLED ON 85 TREES THROUGHOUT THE DISTRICT AS WELL AS A LARGE HOLIDAY DISPLAY ALONG 1ST AVENUE FOR THE 2025/2026 HOLIDAY SEASON.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 35-2576257
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 2017
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S41)
- Assets (IRS master file)
- $1,032,093
- Income (IRS master file)
- $233,358
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $233,358 | $159,493 | $1,032,093 | XML |
| 990 | June 2024 | $243,371 | $345,299 | $972,593 | XML |
| 990 | June 2023 | $222,969 | $53,020 | $1,053,622 | IRS |
| 990 | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
| 990 | June 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 35-2576257).
Questions about MEDQUARTER INC
- What is the EIN of MEDQUARTER INC?
- The employer identification number (EIN) of MEDQUARTER INC is 35-2576257.
- Is MEDQUARTER INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 2017.
- Are donations to MEDQUARTER INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does MEDQUARTER INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of MEDQUARTER INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MEDQUARTER INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of MEDQUARTER INC?
- The 990 for the year ended June 30, 2025 names PHILIP WASTA.
- Who are the officers and directors of MEDQUARTER INC?
- The 990 for the year ended June 30, 2025 lists 3 people; 0 received compensation from the organization.
- How much revenue does MEDQUARTER INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $233,358, expenses of $159,493 and total assets of $1,032,093 at year end.
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