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Nonprofit · EIN 43-1382746

MIDWEST STONE INSTITUTE

Tax-exempt · SAINT LOUIS, MO 63122

Financials

$3.5M$2.2M2022$3.3M$2.4M2023$5.6M$2.9M2024
Revenue Expenses · by fiscal year end
Financials of MIDWEST STONE INSTITUTE by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
September 30, 2025990$5,640,952$2,892,131$2,748,821$38,052,062$541,311$37,510,751
September 30, 2024990$3,323,148$2,374,133$949,015$35,524,208$1,600,627$33,923,581
September 30, 2023990$3,497,154$2,206,397$1,290,757$29,074,587$775,630$28,298,957
Financial details: 990 for the year ended September 30, 2025

Revenue

Contributions, gifts and grants
$0
Program service revenue
$2,920,738
Investment income
$2,457,456
Net gain from sales of assets
$1,639,099
Other revenue
$262,758

Expenses

Grants and similar amounts paid
$57,498
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Accounting fees
$39,680
Occupancy
$38,904
Travel
$1,360
Depreciation
$378,521
Program services (functional)
$1,968,952
Management and general (functional)
$923,179

Balance sheet and other

Total assets, start of year
$35,524,208
Total assets, end of year
$38,052,062
Total liabilities, end of year
$541,311
Net assets, end of year
$37,510,751
Land, buildings and equipment
$1,316,042
Publicly traded securities
$34,245,341
Net assets without donor restrictions
$37,510,751
Gross receipts
$15,610,372
Employees
0
Volunteers
0
Year formed
1985
State of legal domicile
MO

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 September 30, 2025, highest compensation first.

NameTitleHours / weekCompensation
SAM BHAYANI MDPRESIDENT/CHAIRMAN
Trustee or director, Officer
1$0
TIM BULLERTREASURER
Trustee or director, Officer
1$0
RAJEN DOSHI MDDIRECTOR
Trustee or director
1$0
ZACHARY HAMILTON MDDIRECTOR
Trustee or director
1$0
JON BETTALE RNDIRECTOR
Trustee or director
1$0
JACKIE MARTIN MDSECRETARY/DIRECTOR
Trustee or director, Officer
1$0
JEFFREY GLASER MDDIRECTOR
Trustee or director
1$0
MICHAEL JOHNSON MDDIRECTOR
Trustee or director
1$0
JESSE SMITHHARTEXECUTIVE DIRECTOR
Officer
40$0
990 for the year ended September 30, 2024: 8 people
NameTitleHours / weekCompensation
SAM BHAYANI MDPRESIDENT/CHAIRMAN
Trustee or director, Officer
1$0
TIM BULLERTREASURER
Trustee or director, Officer
1$0
RAJEN DOSHI MDDIRECTOR
Trustee or director
1$0
ZACHARY HAMILTON MDDIRECTOR
Trustee or director
1$0
JON BETTALE RNDIRECTOR
Trustee or director
1$0
JACKIE MARTIN MDSECRETARY/DIRECTOR
Trustee or director, Officer
1$0
JEFFREY GLASERDIRECTOR
Trustee or director
1$0
JESSE SMITHHARTEXECUTIVE DIRECTOR
Officer
40$0
990 for the year ended September 30, 2023: 8 people
NameTitleHours / weekCompensation
SAM BHAYANI MDPRESIDENT/CHAIRMAN
Trustee or director, Officer
1$0
TIM BULLERTREASURER
Trustee or director, Officer
1$0
RAJEN DOSHI MDDIRECTOR
Trustee or director
1$0
ZACHARY HAMILTON MDDIRECTOR
Trustee or director
1$0
DIANE RAY RNDIRECTOR
Trustee or director
1$0
JACKIE MARTIN MDSECRETARY/DIRECTOR
Trustee or director, Officer
1$0
KADI MONTEZDIRECTOR
Trustee or director
1$0
JESSE SMITHHARTEXECUTIVE DIRECTOR
Officer
40$0

Address and contacts

Address (IRS master file)
12166 OLD BIG BEND RD STE 110, SAINT LOUIS, MO 63122-6836
Principal officer (990 for 2024)
JESSE SMITHHART, 12166 OLD BIG BEND ROAD SUITE 110, ST LOUIS, MO 63122
Signed the 990
JESSE SMITHHART, EXECUTIVE DIRECTOR
Phone
(314) 835-1549
Return prepared by
HONKAMP PC

Mission

THE ORGANIZATION'S PRIMARY PURPOSE IS TO MAKE GRANTS FOR RESEARCH AND EDUCATION, PROVIDE CHARITY CARE AND TO EXPAND THE SERVICE AND KNOWLEDGE OF EXTRACORPOREAL SHOCKWAVE TREATMENTS AND MINIMALLY INVASIVE SURGERY.

990 for the year ended September 30, 2025

Program accomplishments

  • ADVANCEMENTS IN RESEARCH, EDUCATION AND PATIENT CARE.
    Expenses $1,968,952 · grants $57,498 · revenue $3,183,496

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 September, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025September 30, 2026February 16, 2027Not due yet
2024September 30, 2025February 17, 2026990 on file
2023September 30, 2024February 18, 2025990 on file

IRS record

EIN
43-1382746
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Hospital or medical research organization
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1986
Accounting year ends
September
Files
Form 990 or 990-EZ
Assets (IRS master file)
$38,052,062
Income (IRS master file)
$15,610,372

Filing history

FormYear endedRevenueExpensesAssetsReturn
990September 2025$5,640,952$2,892,131$38,052,062XML
990September 2024$3,323,148$2,374,133$35,524,208XML
990September 2023$3,497,154$2,206,397$29,074,587XML
990September 2022$2,332,408$1,956,433$26,304,202IRS
990September 2021–––IRS
990September 2020–––IRS
990September 2019–––IRS
990September 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 43-1382746).

Questions about MIDWEST STONE INSTITUTE

What is the EIN of MIDWEST STONE INSTITUTE?
The employer identification number (EIN) of MIDWEST STONE INSTITUTE is 43-1382746.
Is MIDWEST STONE INSTITUTE tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1986.
Are donations to MIDWEST STONE INSTITUTE tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does MIDWEST STONE INSTITUTE 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 MIDWEST STONE INSTITUTE due?
The return for tax year 2025 (the year ending September 30, 2026) is due February 16, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
When did MIDWEST STONE INSTITUTE last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended September 2025.
Who is the principal officer of MIDWEST STONE INSTITUTE?
The 990 for the year ended September 30, 2025 names JESSE SMITHHART.
Who are the officers and directors of MIDWEST STONE INSTITUTE?
The 990 for the year ended September 30, 2025 lists 9 people; 0 received compensation from the organization.
How much revenue does MIDWEST STONE INSTITUTE have?
On its 990 for the year ended September 30, 2025 it reported revenue of $5,640,952, expenses of $2,892,131 and total assets of $38,052,062 at year end.

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