NCMIC Foundation Inc. is a 501(c)(3) corporate foundation based in Clive, Iowa. Established in 2003 and initially funded through major contributions from NCMIC Group and donations from NCMIC policyholders, the Foundation supports research and education in chiropractic care and alternative approaches to healthcare. The Foundation operates as part of NCMIC's broader commitment to complementary and alternative healthcare in clinical practice, research, and academia.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$15.1M
-1.6% YoY
Annual Giving
$1.0M
-11.1% YoY
Grant Count
27
-15.6% YoY
Avg Grant Size
$38K
+5.4% YoY
Mission & Focus Areas
The NCMIC Foundation makes financial grants and contributions to qualifying research projects, educational fellowships, and other projects relating to chiropractic care and alternative approaches to healthcare.
Primary funding areas include:
- Research: Funding projects that demonstrate the effectiveness, safety, and cost efficiency of chiropractic and alternative healthcare
- Education: Investment in training for Doctors of Chiropractic pursuing advanced degrees in areas including pediatrics, neurosciences, health policy, biomechanics, and rehabilitation
- Dual-Degree Programs: Grants to dual-degreed Doctors of Chiropractic to increase recognition of chiropractic's value in the healthcare delivery system
- Publication: Ensuring research results from funded projects are published in peer-reviewed journals and other publications
Grantmaking
Since its founding in 2003, the NCMIC Foundation has distributed several million dollars to major chiropractic research projects and education initiatives.
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Geographic Focus
Where this funder awards grants
The Foundation's grantmaking focuses primarily on Kentucky, California, and Pennsylvania, with support extending to institutions internationally, including the World Health Organization.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of 2024:
- Total assets: $15,061,694
- Total revenues: $842,363
- Total expenses: $1,091,946
- Number of employees: 0
Funding Sources: The Foundation has received grants from other organizations, including a $100,000 grant from the National Board of Chiropractic Examiners in 2023 to fund the NCMIC Foundation George McAndrews Fund.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $15,061,694 | $15,311,277 | $16,154,748 |
| Revenue | $842,363 | $408,051 | $1,468,886 |
| Expenses | $1,091,946 | $1,251,523 | $845,070 |
| Qualifying Distributions | $1,091,946 | $1,251,523 | $845,070 |
| Net Investment Income | $724,595 | $525,775 | $1,268,394 |
| Distributable Amount | $722,788 | $695,169 | $742,661 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
133 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| STANLEY BUSHNER | DIRECTOR | — | $1,500 |
| THOMAS G SCHMIDT | DIRECTOR | — | $1,500 |
| GERALD F STRUBINGER JR | DIRECTOR | — | $1,500 |
| TIFFANY TAUSCHECK | DIRECTOR | — | $1,500 |
| LOUIS SPORTELLI | DIRECTOR | — | $1,500 |
| VALERIE JOHNSON | DIRECTOR | — | $1,500 |
Recent News & Activity
Recent developments and announcements
The NCMIC Foundation continues to recognize recipients of the McAndrews Research Award, with winners announced annually. The Foundation also administers the "Bucks for Boards" program, with quarterly winners announced throughout the year.
NCMIC Foundation Recognizes 2025 McAndrews Award WinnersSubject Areas
Focus areas based on grantmaking activity
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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