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Mag Institute For Excellence In Medicine Inc

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Unknown / Unclassified (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$174k (2023)

Expenses
$110k (2023)

Total Assets
$478k (2023)

Total Liabilities
$69k (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$173,618
Expenses
$110,151
Net Income
$63,467
Net Assets
$409,035
Notable Sources of Revenue Percent of Total Revenue
Contributions $170,000
97.9%
Program Services $0
Investment Income $3,618
2.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $478,011
Total Liabilities $68,976
Net Assets $409,035
Compensation
Key Employees and Officers Compensation Related Other
Kelly M Degraffenreid Md (President) $0 $0 $0
Manoj H Shah Md (Vice President) $0 $0 $0
Zachary Lopater Md (Treasurer) $0 $0 $0
Aaron H Davidson Md (Secretary) $0 $0 $0
Jeremy T Bonfini (Executive Director) $0 $323,300 $9,750
John S Harvey Md (Director) $0 $0 $0
Despina Dalton Md (Director) $0 $0 $0
Mindy Gentry Md (Director) $0 $0 $0
Charles Wilmer Md (Director) $0 $0 $0
Frederick C Flandry Md (Director) $0 $0 $0
Tom Emerson (Director) $0 $0 $0
Mark Huffman (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$87,865
Expenses
$97,137
Net Income
-$9,272
Net Assets
$345,568
Notable Sources of Revenue Percent of Total Revenue
Contributions $87,654
99.8%
Program Services $0
Investment Income $211
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $406,016
Total Liabilities $60,448
Net Assets $345,568
Compensation
Key Employees and Officers Compensation Related Other
Jeremy T Bonfini (Executive Director) $0 $273,550 $8,160
Bethany Sherrer (Director Of Legal Relation) $0 $145,200 $4,320
Frederick C Flandry Md (Director) $0 $18,000 $0
Kelly M Degraffenreid Md (President) $0 $0 $0
Manoj H Shah Md (Vice President) $0 $0 $0
Zachary Lopater Md (Treasurer) $0 $0 $0
Aaron H Davidson Md (Secretary) $0 $0 $0
John S Harvey Md (Director) $0 $0 $0
Despina Dalton Md (Director) $0 $0 $0
Rob Schreiner Md (Director) $0 $0 $0
Mindy Gentry Md (Director) $0 $0 $0
Tom Emerson Md (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$171,418
Expenses
$148,019
Net Income
$23,399
Net Assets
$354,840
Notable Sources of Revenue Percent of Total Revenue
Contributions $170,800
99.6%
Program Services $0
Investment Income $618
0.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $470,089
Total Liabilities $115,249
Net Assets $354,840
Compensation
Key Employees and Officers Compensation Related Other
Donald J Palmisano Jr (Executive Director) $0 $135,764 $11,046
Bethany Sherrer (Director Of Legal Relations) $0 $121,984 $12,132
Jeremy T Bonfini (Executive Director) $0 $107,667 $4,219
Frederick C Flandry Md (Director) $0 $12,375 $0
Rob Schreiner Md (President) $0 $0 $0
Manoj H Shah Md (Vice President) $0 $0 $0
Zachary Lopater Md (Treasurer) $0 $0 $0
Aaron H Davidson Md (Secretary) $0 $0 $0
John S Harvey Md (Director) $0 $0 $0
Despina Dalton Md (Director) $0 $0 $0
Kelly M Degraffenreid Md (Director) $0 $0 $0
Mindy Gentry Md (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$187,067
Expenses
$153,141
Net Income
$33,926
Net Assets
$331,441
Notable Sources of Revenue Percent of Total Revenue
Contributions $186,561
99.7%
Program Services $0
Investment Income $506
0.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $464,930
Total Liabilities $133,489
Net Assets $331,441
Compensation
Key Employees and Officers Compensation Related Other
Donald J Palmisano Jr Ex Officio (Director (For 2020)) $0 $378,677 $49,691
Kelly Degraffenreid Md (President/Director) $0 $0 $0
Adam E Berman Md (Vice President/President) $0 $0 $0
Amin A Yehya Md (Treasurer/Director) $0 $0 $0
Rob Schreiner Md (Secretary/Vice President) $0 $0 $0
Manoj H Shah Md (Director/Treasurer) $0 $0 $0
Zachary Lopater Md (Director/Secretary) $0 $0 $0
Jeremy T Bonfini Ex Officio (Director (From Aug 2020)) $0 $0 $0
Tom Kornegay Ex Officio (Director (Jan Jul 2020)) $0 $0 $0
John S Harvey Md (Director) $0 $0 $0
Aaron H Davidson Md (Director) $0 $0 $0
Patricia A Rhyner Md (Director) $0 $0 $0
Despina Dalton Md Ex Officio (Director) $0 $0 $0
Andrew Reisman Md Ex Officio (Director) $0 $0 $0
Lisa Perry Gilkes Md Ex Officio (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$196,964
Expenses
$146,397
Net Income
$50,567
Net Assets
$297,515
Notable Sources of Revenue Percent of Total Revenue
Contributions $196,350
99.7%
Program Services $0
Investment Income $614
0.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $377,417
Total Liabilities $79,902
Net Assets $297,515
Compensation
Key Employees and Officers Compensation Related Other
Aaron H Davidson Md (Director) $0 $0 $0
Kelly Degraffenreid Md (President) $0 $0 $0
Adam E Berman Md (Vice President) $0 $0 $0
Amin A Yehya Md (Treasurer) $0 $0 $0
Drazen M Jukic Md (Director) $0 $0 $0
Manoj H Shah Md (Director) $0 $0 $0
Donald J Palmisano Jr Ex Officio (Director) $0 $377,379 $50,140
John S Harvey Md (Director) $0 $0 $0
Rob Schreiner Md (Secretary) $0 $0 $0
Despina Dalton Md Ex Officio (Director) $0 $0 $0
Andrew Reisman Md Ex Officio (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$248,915
Expenses
$91,039
Net Income
$157,876
Net Assets
$246,948
Notable Sources of Revenue Percent of Total Revenue
Contributions $248,889
100.0%
Program Services $0
Investment Income $26
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $297,230
Total Liabilities $50,282
Net Assets $246,948
Compensation
Key Employees and Officers Compensation Related Other
Aaron H Davidson Md (President) $0 $0 $0
Kelly Degraffenreid Md (Vice President) $0 $0 $0
Adam E Berman Md (Treasurer) $0 $0 $0
Amin A Yehya Md (Secretary) $0 $0 $0
Drazen M Jukic Md (Director) $0 $0 $0
Manoj H Shah Md (Director) $0 $0 $0
Lisa Perry Gilkes Md Ex Officio (Director) $0 $0 $0
Donald J Palmisano Jr Ex Officio (Director) $0 $335,609 $51,557
Rutledge Forney Md Ex Officio (Director) $0 $0 $0
John S Harvey Md (Director) $0 $0 $0
Rob Schreiner Md (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$207,022
Expenses
$327,207
Net Income
-$120,185
Net Assets
$89,072
Notable Sources of Revenue Percent of Total Revenue
Contributions $118,100
57.0%
Program Services $88,839
42.9%
Investment Income $83
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $134,680
41.2%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $89,885
Total Liabilities $813
Net Assets $89,072

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$497,773
Expenses
$539,772
Net Income
-$41,999
Net Assets
$209,257
Notable Sources of Revenue Percent of Total Revenue
Contributions $398,403
80.0%
Program Services $99,218
19.9%
Investment Income $152
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $228,868
42.4%
Assets/Debt
Total Assets $318,421
Total Liabilities $109,164
Net Assets $209,257
Compensation
Key Employees and Officers Compensation Related Other
Robert Addleton (Executive Vice President) $121,985 $0 $7,550
Adele Cohen (Senior Vice President) $92,367 $0 $5,853
Walker L Ray Md (President) $0 $0 $0
John S Antalis Md (Director) $0 $0 $0
William A Bornstein Md (Director) $0 $0 $0
Jack M Chapman Md (Secretary) $0 $0 $0
Howard Maziar Md (Director) $0 $0 $0
Alan L Plummer Md (Vice President) $0 $0 $0
Richard S Simmons Md (Director) $0 $0 $0
Donald J Palmisano Jr Ex Officio (Treasurer) $0 $304,596 $44,466
Madalyn N Davidoff Md (Director) $0 $0 $0
John Rogers Md (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$501,261
Expenses
$696,550
Net Income
-$195,289
Net Assets
$251,256
Notable Sources of Revenue Percent of Total Revenue
Contributions $348,798
69.6%
Program Services $152,277
30.4%
Investment Income $186
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $221,600
31.8%
Assets/Debt
Total Assets $349,897
Total Liabilities $98,641
Net Assets $251,256
Compensation
Key Employees and Officers Compensation Related Other
Robert Addleton (Executive Vice President) $124,026 $0 $18,777
Adele Cohen (Senior Vice President) $98,436 $0 $25,376
Walker L Ray Md (President) $0 $0 $0
John S Antalis Md (Director) $0 $0 $0
William A Bornstein Md (Director) $0 $0 $0
Jack M Chapman Md (Secretary) $0 $0 $0
Howard Maziar Md (Director) $0 $0 $0
Alan L Plummer Md (Vice President) $0 $0 $0
Richard S Simmons Md (Director) $0 $0 $0
Donald J Palmisano Jr Ex Officio (Treasurer) $0 $289,193 $43,968
Madalyn N Davidoff Md (Director) $0 $0 $0
John Rogers Md (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,118,236
Expenses
$1,076,190
Net Income
$42,046
Net Assets
$446,545
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,025,256
91.7%
Program Services $92,436
8.3%
Investment Income $544
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $230,192
21.4%
Assets/Debt
Total Assets $591,482
Total Liabilities $144,937
Net Assets $446,545
Compensation
Key Employees and Officers Compensation Related Other
Robert Addleton (Executive Vice President) $128,360 $0 $17,249
Adele Cohen (Senior Vice President) $95,640 $0 $24,872
Walker L Ray Md (President) $0 $0 $0
John S Antalis Md (Director) $0 $0 $0
William A Bornstein Md (Director) $0 $0 $0
Jack M Chapman Md (Secretary) $0 $0 $0
Howard Maziar Md (Director) $0 $0 $0
Alan L Plummer Md (Vice President) $0 $0 $0
Richard S Simmons Md (Director) $0 $0 $0
Donald J Palmisano Jr Ex Officio (Treasurer) $0 $267,400 $48,020
Madalyn N Davidoff Md (Director) $0 $0 $0
John Rogers Md (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,067,151
Expenses
$1,029,824
Net Income
$37,327
Net Assets
$437,872
Notable Sources of Revenue Percent of Total Revenue
Contributions $969,608
90.9%
Program Services $96,213
9.0%
Investment Income $1,330
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $206,015
20.0%
Assets/Debt
Total Assets $617,649
Total Liabilities $179,777
Net Assets $437,872
Compensation
Key Employees and Officers Compensation Related Other
Robert Addleton (Executive Vice President) $114,000 $0 $14,961
Adele Cohen (Senior Vice President) $94,000 $0 $21,816
Walker L Ray Md (President) $0 $0 $0
John S Antalis Md (Director) $0 $0 $0
William A Bornstein Md (Director) $0 $0 $0
Jack M Chapman Md (Secretary) $0 $0 $0
Howard Maziar Md (Director) $0 $0 $0
James R Morrow Md (Director) $0 $0 $0
Alan L Plummer Md (Vice President) $0 $0 $0
Richard S Simmons Md (Director) $0 $0 $0
Donald J Palmisano Jr Ex Officio (Treasurer) $0 $242,900 $43,857

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$724,356
Expenses
$925,941
Net Income
-$201,585
Net Assets
$400,545
Notable Sources of Revenue Percent of Total Revenue
Contributions $563,478
77.8%
Program Services $145,805
20.1%
Investment Income $1,485
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $13,588
1.9%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $206,331
22.3%
Assets/Debt
Total Assets $603,703
Total Liabilities $203,158
Net Assets $400,545

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$908,546
Expenses
$1,237,223
Net Income
-$328,677
Net Assets
$673,603
Notable Sources of Revenue Percent of Total Revenue
Contributions $812,102
89.4%
Program Services $91,179
10.0%
Investment Income $5,265
0.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $262,905
21.2%
Assets/Debt
Total Assets $992,974
Total Liabilities $319,371
Net Assets $673,603

Document Links

Fiscal Year Ending Dec.
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2004

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2003

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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