Nonprofit · EIN 36-3432018
FUND FOR ADVANCEMENT OF MEDICAL EDUCATION AND RESEARCH
Tax-exempt · SIOUX FALLS, SD 57105
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $668,045 | $629,746 | $38,299 | $4,525,033 | $703 | $4,524,330 |
| June 30, 2024 | 990 | $712,345 | $468,114 | $244,231 | $4,365,339 | $330 | $4,365,009 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $411,360
- Program service revenue
- $137,213
- Investment income
- $119,472
- Net gain from sales of assets
- $42,024
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $185,627
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $3,206
- Travel
- $21,702
- Depreciation
- $59,334
- Program services (functional)
- $599,102
- Management and general (functional)
- $30,644
Balance sheet and other
- Total assets, start of year
- $4,365,339
- Total assets, end of year
- $4,525,033
- Total liabilities, end of year
- $703
- Net assets, end of year
- $4,524,330
- Land, buildings and equipment
- $771,339
- Net assets without donor restrictions
- $2,234,483
- Net assets with donor restrictions
- $2,289,847
- Gross receipts
- $668,045
- Employees
- 0
- Volunteers
- 12
- Year formed
- 1985
- State of legal domicile
- SD
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 | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| TIM RIDGWAY MD | PRESIDENT Trustee or director, Officer | 1 | $0 | $711,986 | $31,637 |
| SHEILA GESTRING MBA | DIRECTOR Trustee or director | 1 | $0 | $449,906 | $49,579 |
| GARY TIMMERMAN MD | SECRETARY Trustee or director, Officer | 1 | $0 | $451,057 | $31,637 |
| MICHELLE BAACK MD | DIRECTOR Trustee or director | 1 | $0 | $305,709 | $18,343 |
| KEITH HANSEN MD | VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $280,388 | $31,631 |
| ERIC LARSON MD | DIRECTOR Trustee or director | 1 | $0 | $278,226 | $16,694 |
| TIMOTHY SOUNDY MD | TREASURER Trustee or director, Officer | 1 | $0 | $257,436 | $33,513 |
| DESIRAE MUIRHEAD MD | DIRECTOR Trustee or director | 1 | $0 | $226,530 | $0 |
| JEROME FREEMAN MD | DIRECTOR Trustee or director | 1 | $0 | $201,976 | $0 |
| ASHLEY BACOULIS | FIN & ADMIN SERV SPECIALIST Officer | 4 | $0 | $65,000 | $19,764 |
| CAROLYN GILBERTSON | DIRECTOR Trustee or director | 0.4 | $0 | $0 | $0 |
990 for the year ended June 30, 2024: 12 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| TIM RIDGWAY MD | PRESIDENT Trustee or director, Officer | 1 | $0 | $676,328 | $41,155 |
| SUSAN ANDERSON MD | DIRECTOR (UNTIL FEB 2024) Trustee or director | 1 | $0 | $450,139 | $47,600 |
| SHEILA GESTRING MBA | DIRECTOR Trustee or director | 1 | $0 | $434,911 | $48,265 |
| GARY TIMMERMAN MD | SECRETARY Trustee or director, Officer | 1 | $0 | $422,000 | $30,328 |
| MICHELLE BAACK MD | DIRECTOR Trustee or director | 1 | $0 | $287,663 | $28,622 |
| KEITH HANSEN MD | VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $267,487 | $33,528 |
| ERIC LARSON MD | DIRECTOR Trustee or director | 1 | $0 | $267,492 | $26,877 |
| TIMOTHY SOUNDY MD | TREASURER Trustee or director, Officer | 1 | $0 | $243,193 | $32,557 |
| DESIRAE MUIRHEAD MD | DIRECTOR Trustee or director | 1 | $0 | $217,454 | $0 |
| JEROME FREEMAN MD | DIRECTOR Trustee or director | 1 | $0 | $193,454 | $0 |
| ASHLEY BACOULIS | FIN & ADMIN SERV SPEC Officer | 4 | $0 | $62,040 | $17,973 |
| CAROLYN GILBERTSON | DIRECTOR (BEG FEB 2024) Trustee or director | 0.4 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1400 W 22ND ST, SIOUX FALLS, SD 57105-1505
- Principal officer (990 for 2024)
- DR TIM RIDGWAY, 1400 WEST 22ND STREET, SIOUX FALLS, SD 57105
- Signed the 990
- DR TIM RIDGWAY, PRESIDENT
- Phone
- (605) 357-1302
- Return prepared by
- EIDE BAILLY LLP
Mission
ASSIST THE UNIVERSITY OF SOUTH DAKOTA SANFORD SCHOOL OF MEDICINE AND ITS FACULTY TO MEET THE SCHOOL'S PRIMARY GOALS OF RESEARCH, EDUCATION, AND PATIENT CARE.
Program accomplishments
- SPONSORS SEMINARS AND OTHER EDUCATIONAL EVENTS TO SUPPORT THE UNIVERSITY OF SOUTH DAKOTA SANFORD SCHOOL OF MEDICINE THROUGH RESEARCH, EDUCATION, AND PATIENT CARE.Expenses $599,102 · grants $185,627 · revenue $137,213
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
- 36-3432018
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization, Type III functionally integrated
- Donations deductible (Pub 78)
- Supporting organization, 50% limit
- Exempt since
- 1986
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Health care (E12)
- Assets (IRS master file)
- $4,525,033
- Income (IRS master file)
- $668,045
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $668,045 | $629,746 | $4,525,033 | XML |
| 990 | June 2024 | $712,345 | $468,114 | $4,365,339 | XML |
| 990 | June 2023 | $596,108 | $459,349 | $4,021,856 | IRS |
| 990 | June 2022 | $534,805 | $347,993 | $3,786,073 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | 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 36-3432018).
Questions about FUND FOR ADVANCEMENT OF MEDICAL EDUCATION AND RESEARCH
- What is the EIN of FUND FOR ADVANCEMENT OF MEDICAL EDUCATION AND RESEARCH?
- The employer identification number (EIN) of FUND FOR ADVANCEMENT OF MEDICAL EDUCATION AND RESEARCH is 36-3432018.
- Is FUND FOR ADVANCEMENT OF MEDICAL EDUCATION AND RESEARCH tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1986.
- Are donations to FUND FOR ADVANCEMENT OF MEDICAL EDUCATION AND RESEARCH tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization, 50% limit).
- Which annual return does FUND FOR ADVANCEMENT OF MEDICAL EDUCATION AND RESEARCH 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 FUND FOR ADVANCEMENT OF MEDICAL EDUCATION AND RESEARCH 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 FUND FOR ADVANCEMENT OF MEDICAL EDUCATION AND RESEARCH 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 FUND FOR ADVANCEMENT OF MEDICAL EDUCATION AND RESEARCH?
- The 990 for the year ended June 30, 2025 names DR TIM RIDGWAY.
- Who are the officers and directors of FUND FOR ADVANCEMENT OF MEDICAL EDUCATION AND RESEARCH?
- The 990 for the year ended June 30, 2025 lists 11 people; 0 received compensation from the organization.
- How much revenue does FUND FOR ADVANCEMENT OF MEDICAL EDUCATION AND RESEARCH have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $668,045, expenses of $629,746 and total assets of $4,525,033 at year end.
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