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Neomed Research Corporation

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: Medical Research N.E.C. (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$152k (2023)

Expenses
$77.5k (2023)

Total Assets
$779k (2023)

Total Liabilities
$2.82k (2023)

Source: Form 990 tax filings from 2012 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 June
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$152,046
Expenses
$77,456
Net Income
$74,590
Net Assets
$776,013
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $151,563
99.7%
Investment Income $483
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 $778,835
Total Liabilities $2,822
Net Assets $776,013
Compensation
Key Employees and Officers Compensation Related Other
Richard Kasmer (Vice Chair) $0 $358,863 $0
Mary Taylor (Treasurer) $0 $257,284 $0
Maria Schimer (Secretary) $0 $283,760 $0
Rebecca German (Interim Chair) $0 $269,914 $0
John T Langell (Director) $0 $958,589 $0

Document Links

Fiscal Year Ending June
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$161,660
Expenses
$154,925
Net Income
$6,735
Net Assets
$701,423
Notable Sources of Revenue Percent of Total Revenue
Contributions $494
0.3%
Program Services $161,146
99.7%
Investment Income $20
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 $71,886
46.4%
Assets/Debt
Total Assets $724,521
Total Liabilities $23,098
Net Assets $701,423
Compensation
Key Employees and Officers Compensation Related Other
Richard Kasmer (Vice Chair) $0 $307,821 $44,572
Mary Taylor (Treasurer) $0 $215,507 $33,140
Maria Schimer (Secretary) $0 $233,537 $40,860
Steven Schmidt (Chair) $0 $296,465 $35,694
John T Langell (Director) $0 $855,302 $37,662

Document Links

Fiscal Year Ending June
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$134,570
Expenses
$194,020
Net Income
-$59,450
Net Assets
$694,688
Notable Sources of Revenue Percent of Total Revenue
Contributions $2,145
1.6%
Program Services $132,370
98.4%
Investment Income $55
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 $123,934
63.9%
Assets/Debt
Total Assets $773,131
Total Liabilities $78,443
Net Assets $694,688
Compensation
Key Employees and Officers Compensation Related Other
Richard Kasmer (Vice Chair) $0 $276,636 $46,759
Mary Taylor (Treasurer) $0 $165,403 $23,977
Maria Schimer (Secretary) $0 $203,174 $43,952
Steven Schmidt (Chair) $0 $298,962 $42,400
John T Langell (Director) $0 $741,157 $61,207

Document Links

Fiscal Year Ending June
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$123,265
Expenses
$145,662
Net Income
-$22,397
Net Assets
$754,138
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $123,002
99.8%
Investment Income $263
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 $47,875
32.9%
Assets/Debt
Total Assets $817,985
Total Liabilities $63,847
Net Assets $754,138
Compensation
Key Employees and Officers Compensation Related Other
Jay Gershen (Director Part Year) $0 $784,331 $107,816
Steven Schmidt (Chair) $0 $317,134 $40,884
Richard Kasmer (Vice Chair) $0 $296,930 $45,605
John Wray (Treasurer Part Year) $0 $257,018 $49,265
John T Langell (Director) $0 $241,914 $34,461
Maria Schimer (Secretary) $0 $223,354 $42,523
Mary Taylor (Treasurer From 3/5/20) $0 $0 $0

Document Links

Fiscal Year Ending June
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$118,985
Expenses
$106,774
Net Income
$12,211
Net Assets
$776,535
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $118,695
99.8%
Investment Income $290
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 $779,436
Total Liabilities $2,901
Net Assets $776,535
Compensation
Key Employees and Officers Compensation Related Other
Richard Kasmer (Vice Chair) $0 $293,000 $45,115
John Wray (Treasurer) $0 $209,560 $50,116
Maria Schimer (Secretary) $0 $221,749 $41,639
Steven Schmidt (President) $0 $314,326 $44,875
Jay Gershen (Director) $0 $752,281 $111,161
Kathryn Chudakoff (Treasurer Part Year) $0 $75,093 $19,926

Document Links

Fiscal Year Ending June
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$282,577
Expenses
$219,976
Net Income
$62,601
Net Assets
$764,324
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $282,287
99.9%
Investment Income $290
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 $0
Assets/Debt
Total Assets $785,027
Total Liabilities $20,703
Net Assets $764,324
Compensation
Key Employees and Officers Compensation Related Other
Steven Schmidt (President) $0 $256,990 $42,575
Richard Kasmer (Vice Chair) $0 $236,155 $39,623
John Wray (Treasurer) $0 $191,109 $43,307
Maria Schimer (Secretary) $0 $146,740 $39,089
Jay Gershen (Director Part Year) $0 $726,779 $88,269
Kathryn Chudakoff (Treasurer) $0 $116,559 $26,310
Charles Taylor (Former Vice President) $0 $173,012 $30,457

Document Links

Fiscal Year Ending June
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$257,989
Expenses
$165,721
Net Income
$92,268
Net Assets
$701,723
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $257,073
99.6%
Investment Income $295
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $621
0.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $719,302
Total Liabilities $17,579
Net Assets $701,723
Compensation
Key Employees and Officers Compensation Related Other
Steven Schmidt (President) $0 $186,499 $33,468
John Wray (Treasurer) $0 $202,204 $45,449
Maria Schimer (Secretary) $0 $158,435 $38,671
Walter Horton (President Part Year) $0 $188,172 $19,431
Charles Taylor (Vice President Part Year) $0 $266,346 $49,786
Jay Gershen (Director) $0 $688,529 $87,557

Document Links

Fiscal Year Ending June
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$31,230
Expenses
$58,958
Net Income
-$27,728
Net Assets
$609,455
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $141,355
> 100%
Investment Income $278
0.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$110,879
Net Inventory Sales $0
Other Revenue $476
1.5%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $623,923
Total Liabilities $14,468
Net Assets $609,455
Compensation
Key Employees and Officers Compensation Related Other
Jay Gershen (President) $0 $662,219 $87,551
Walter Horton Jr (Vice President) $0 $261,217 $31,553
John Wray (Treasurer) $0 $203,488 $47,174
Maria Schimer (Secretary) $0 $156,644 $47,126

Document Links

Fiscal Year Ending June
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$56,407
Expenses
$19,461
Net Income
$36,946
Net Assets
$637,183
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $43,814
77.7%
Investment Income $12,059
21.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $534
0.9%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $660,639
Total Liabilities $23,456
Net Assets $637,183
Compensation
Key Employees and Officers Compensation Related Other
Jay Gershen (President) $0 $627,711 $85,125
Walter Horton Jr (Vice President) $0 $239,918 $31,487
John Wray (Treasurer) $0 $181,143 $47,723
Maria Schimer (Secretary) $0 $135,695 $48,805

Document Links

Fiscal Year Ending June
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,567
Expenses
$3,321
Net Income
-$754
Net Assets
$600,237
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $2,516
98.0%
Investment Income $51
2.0%
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 $606,859
Total Liabilities $6,622
Net Assets $600,237

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$500,051
Expenses
$0
Net Income
$500,051
Net Assets
$600,991
Notable Sources of Revenue Percent of Total Revenue
Contributions $500,000
100.0%
Program Services $0
Investment Income $51
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 $605,991
Total Liabilities $5,000
Net Assets $600,991
Compensation
Key Employees and Officers Compensation Related Other
Jay Gershen (President) $0 $577,256 $37,190
Walter Horton (Vice President) $0 $246,358 $28,623
John Wray (Treasurer) $0 $187,140 $38,799
Maria Schimer (Secretary) $0 $140,778 $39,470

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$100,004
Expenses
$0
Net Income
$100,004
Net Assets
$100,940
Notable Sources of Revenue Percent of Total Revenue
Contributions $100,000
100.0%
Program Services $0
Investment Income $4
0.0%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $105,940
Total Liabilities $5,000
Net Assets $100,940

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

Fiscal Year Ending Dec.
2002

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.
2001

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.
2000

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

What Is 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.

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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.

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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 »

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