KING SCHOOL OF MEDICINE INC

Address
851 FRENCH MOORE JR BLVD ROOM/SUITE 1
ABINGDON, VA 24210
Contact
Nonprofit
NTEE: B50 - Graduate, Professional Schools (Separate Entities)
EIN: 45-3737133

Mission

THE SCHOOL IS ORGANIZED AND SHALL BE OPERATED EXCLUSIVELY FOR CHARITABLE, SCIENTIFIC, AND EDUCATION PURPOSES WITHIN THE MEANING OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. WITHOUT LIMITING OR EXPANDING THE FOREGOING, THE PURPOSES OF THE SCHOOL ARE TO OPERATE A SCHOOL OF MEDICINE WITH A FOCUS ON EDUCATING AND TRAINING PHYSICIANS IN ORDER TO ADDRESS THE PUBLIC HEALTH NEEDS OF THE SOUTHWEST REGION OF VIRGINIA, TO DEVELOP MORE EFFECTIVE HEALTH CARE METHODS, TO PROVIDE SERVICE TO UNDERSERVED POPULATIONS, AND TO PROVIDE AN INTEGRATIVE AND COLLABORATIVE APPROACH TO PATIENT CARE, MEDICAL EDUCATION, AND RESEARCH.
 2013
Basic features of the organization
Form of organization
CorporationTrue
Metropolitan statistical area3660
Human resources, including compensation
Summary compensation info
Sum of reportable (W2/1099) compensation$108,000.00
Number of employees1
Number of people compensated >$100k1
Personnel
Zaidi, Tariq
TitleINTERIM PRES
Name of key/compensated personTARIQ A ZAIDI ESQ
Position of compensated person
Current individual trustee or directorTrue
Average hours per week working for org40.00
Reportable compensation from org$108,000.00
Other comp, non-reportable, from org and related orgs$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00
Purpose: mission, activities, & accomplishments
Mission or significant activitiesTHE SCHOOL IS ORGANIZED AND SHALL BE OPERATED EXCLUSIVELY FOR CHARITABLE, SCIENTIFIC, AND EDUCATION PURPOSES WITHIN THE MEANING OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. WITHOUT LIMITING OR EXPANDING THE FOREGOING, THE PURPOSES OF THE SCHOOL ARE TO OPERATE A SCHOOL OF MEDICINE WITH A FOCUS ON EDUCATING AND TRAINING PHYSICIANS IN ORDER TO ADDRESS THE PUBLIC HEALTH NEEDS OF THE SOUTHWEST REGION OF VIRGINIA, TO DEVELOP MORE EFFECTIVE HEALTH CARE METHODS, TO PROVIDE SERVICE TO UNDERSERVED POPULATIONS, AND TO PROVIDE AN INTEGRATIVE AND COLLABORATIVE APPROACH TO PATIENT CARE, MEDICAL EDUCATION, AND RESEARCH.
Programs, including revenue & expenses
THE SCHOOL IS IN IT'S INITIAL FORMATION AS A MEDICAL SCHOOL. ANY FUNDS DISBURSED AT THIS TIME HAVE BEEN FOR STARTUP AND ORGANIZATIONAL COSTS.
Program descriptionTHE SCHOOL IS IN IT'S INITIAL FORMATION AS A MEDICAL SCHOOL. ANY FUNDS DISBURSED AT THIS TIME HAVE BEEN FOR STARTUP AND ORGANIZATIONAL COSTS.
Financial data
Revenue
Total revenue$328,300.00
Revenue from contributions (total)$328,300.00
Revenue from noncash contributions$128,300.00
Investment income, current yr$0.00
Total revenue from grants, etc., current yr$328,300.00
Total unrelated business revenue$0.00
Other revenue, current yr$0.00
Program service revenue (total)$0.00
Sources of contributions
Revenue from gov't grants$200,000.00
Revenue from all other contributions$128,300.00
Other types of revenue
Net rental income$0.00
Expense categories (totals)
Total functional expenses: sum of all$0.00
Total functional expenses: program service $0.00
Total functional expenses: management and general$0.00
Total functional expenses: fundraising$0.00
Fees for services
Fundraising service fees (total)$0.00
Assets and liabilities
Total assets$338,310.00
Total liabilities$10,010.00
Unrestricted net assets, end of yr$328,300.00
Net assets$328,300.00
Intangible assets$265,708.00
Cash: non-interest bearing$19,102.00
Other financial variables
Revenue less expenses$328,300.00
Accounts payable & accrued expenses$10,010.00
Total net assets or fund balances$328,300.00
Governance and accountability
Number of voting members9
Number of independent voting members9
Accrual accountingTrue
Tax year start date2012-06-01
Tax year end date2013-05-01
Metadata about the filing
E-return type: 990, 990EZ, or 990PF990
IRS schema version2012v2.3
Filing identifier201420159349301167
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