Nonprofit · EIN 81-4966111
MDRT ACADEMY
Tax-exempt · PARK RIDGE, IL 60068
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $9,675,267 | $2,437,350 | $7,237,917 | $299,943 | $528,127 | -$228,184 |
| December 31, 2023 | 990 | $184,628 | $2,805,242 | -$2,620,614 | $468,339 | $7,934,327 | -$7,465,988 |
| December 31, 2022 | 990 (amended) | $263,725 | $3,084,417 | -$2,820,692 | $1,001,138 | $5,846,520 | -$4,845,382 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $9,556,787
- Program service revenue
- $118,500
- Investment income
- -$20
- Net gain from sales of assets
- -$20
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $868
- Accounting fees
- $8,769
- Travel
- $22,931
Balance sheet and other
- Total assets, start of year
- $468,339
- Total assets, end of year
- $299,943
- Total liabilities, end of year
- $528,127
- Net assets, end of year
- -$228,184
- Net assets without donor restrictions
- -$228,184
- Gross receipts
- $9,675,305
- Employees
- 0
- Volunteers
- 19
- Year formed
- 2017
- State of legal domicile
- IL
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 December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| STEPHEN STAHR | CEO Officer | 1 | $0 | $994,021 | $150,058 |
| CAROL KHENG | PRESIDENT Trustee or director, Officer | 1 | $0 | $112,308 | $0 |
| GREG GAGNE | PAST PRESIDENT Trustee or director, Officer | 1 | $0 | $88,788 | $0 |
| PEGGY TSAI | FORMER PAST PRESIDENT Trustee or director, Officer | 1 | $0 | $61,041 | $0 |
| CLAY GILLESPIE | 2ND VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $58,924 | $0 |
| JOHN NICHOLS | 1ST VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $48,914 | $0 |
| AURORA TANCOCK | SECRETARY Trustee or director, Officer | 1 | $0 | $35,206 | $0 |
990 for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| STEPHEN STAHR | CEO Officer | 1 | $0 | $925,803 | $304,255 |
| PEGGY TSAI | PAST PRESIDENT Trustee or director, Officer | 1 | $0 | $90,753 | $0 |
| GREG GAGNE | PRESIDENT Trustee or director, Officer | 1 | $0 | $83,255 | $0 |
| CAROL KHENG | 1ST VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $62,638 | $0 |
| RANDY SCRITCHFIELD | FORMER PAST PRESIDENT Trustee or director, Officer | 1 | $0 | $50,368 | $0 |
| JOHN NICHOLS | 2ND VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $44,952 | $0 |
| CLAY GILLESPIE | SECRETARY Trustee or director, Officer | 1 | $0 | $21,732 | $0 |
990 for the year ended December 31, 2022: 8 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| STEPHEN STAHR | CEO Officer | 1 | $0 | $921,768 | $163,949 |
| MARK LEON | SENIOR DIRECTOR, FINANCE Officer | 10 | $0 | $263,030 | $1,761 |
| PEGGY TSAI | PRESIDENT Trustee or director, Officer | 1 | $0 | $52,680 | $0 |
| RANDY SCRITCHFIELD | PAST PRESIDENT Trustee or director, Officer | 1 | $0 | $49,980 | $0 |
| GREG GAGNE | 1ST VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $47,280 | $0 |
| CAROL KHENG | 2ND VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $44,580 | $0 |
| IAN GREEN | PAST PRESIDENT Trustee or director, Officer | 1 | $0 | $29,720 | $0 |
| JOHN NICHOLS | SECRETARY Trustee or director, Officer | 1 | $0 | $14,860 | $0 |
Address and contacts
- Address (IRS master file)
- 325 W TOUHY AVE, PARK RIDGE, IL 60068-4204
- In care of
- % STEPHEN STAHR
- Mailing address (990-N for 2020)
- 325 W TOUHY AVE, PARK RIDGE IL 60068
- Principal officer (990 for 2024)
- STEPHEN P STAHR, 325 W TOUHY AVE, PARK RIDGE, IL 60068
- Principal officer (990-N for 2020)
- STEPHEN P STAHR, 325 W TOUHY AVE, PARK RIDGE IL 60068
- Signed the 990
- STEPHEN P STAHR, CEO
- Phone
- (847) 692-6378
- Website
- WWW.MDRT.ORG
- Return prepared by
- CLIFTONLARSONALLEN LLP
Mission
A PROFESSIONAL ASSOCIATION AND COMMUNITY FOR ADVISORS STRIVING TO ACHIEVE MDRT-LEVEL PRODUCTION THAT'S AVAILABLE IN AN ENTIRELY MOBILE WORLD.
Program accomplishments
- BACKED BY MDRT'S CULTURE OF SHARING, WHICH IS PROVEN TO EMPOWER GROWTH, THE MDRT ACADEMY'S TECHNOLOGY-ENABLED SYSTEM DELIVERS INNOVATIVE IDEAS FROM MDRT EXPERTS AND PREMIER COACHES. MDRT ACADEMY MEMBERS CAN ALSO GET REAL-TIME, REAL-LIFE ANSWERS TO REAL-WORLD CHALLENGES FROM THE MDRT ACADEMY MOBILE COMMUNITY.
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 December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 81-4966111
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 2017
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S41)
- Assets (IRS master file)
- $299,943
- Income (IRS master file)
- $9,675,305
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $9,675,267 | $2,437,350 | $299,943 | XML |
| 990 | December 2023 | $184,628 | $2,805,242 | $468,339 | XML |
| 990 | December 2022 | $263,725 | $3,084,417 | $1,001,138 | XML |
| 990 | December 2021 | – | – | – | IRS |
| 990-N for 2020 Officer: STEPHEN P STAHR | December 31, 2020 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2019 Officer: STEPHEN P STAHR | December 31, 2019 | ≤ $50,000 receipts | – | – | e-Postcard |
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 81-4966111).
Questions about MDRT ACADEMY
- What is the EIN of MDRT ACADEMY?
- The employer identification number (EIN) of MDRT ACADEMY is 81-4966111.
- Is MDRT ACADEMY tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 2017.
- Are donations to MDRT ACADEMY tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does MDRT ACADEMY 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 MDRT ACADEMY due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MDRT ACADEMY last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of MDRT ACADEMY?
- The 990 for the year ended December 31, 2024 names STEPHEN P STAHR.
- Who are the officers and directors of MDRT ACADEMY?
- The 990 for the year ended December 31, 2024 lists 7 people; 0 received compensation from the organization.
- How much revenue does MDRT ACADEMY have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $9,675,267, expenses of $2,437,350 and total assets of $299,943 at year end.
Other nonprofits in PARK RIDGE
- MDRT GLOBAL SERVICES EIN 84-2903878 · last filed 990 for 2024
- NATIONAL RETAIL AND RESTAURANT DEFENSE ASSOCIATION INC EIN 26-1250687 · last filed 990 for 2024
- AIRPORT RESTAURANT & RETAIL ASSOCIATION EIN 84-4959459 · last filed 990 for 2024
- MASON CONTRACTORS ASSOCIATION OF GREATER CHICAGO INC EIN 90-0077219 · last filed 990 for 2024
- TASTE OF PARK RIDGE EIN 26-4243224 · last filed 990 for 2024
- IBJI CARES INC EIN 82-2141485 · last filed 990 for 2025
- COALITION FOR THE REGISTRATION OF EXERCISE PROFESSIONALS EIN 46-3810863 · last filed 990 for 2024
- ILLINOIS ASSOCIATION OF ORTHOPAEDIC SURGEON EIN 36-4343451 · last filed 990-EZ for 2024
All nonprofits in PARK RIDGE · Illinois · Community improvement and capacity building