Massachusetts Medical Society
- Assets
- $281.9m
- Revenue
- $125.8m
- Investments
- $8.1m
- Employees
- 489
- Location
- Waltham, MA
- Founding
- 11/1994
- Data as of
- 05/2023
- EIN
- 04-2050773
Organization Overview
Massachusetts Medical Society, operating under the name Same As Above, is located in Waltham, MA. The organization was established in 1994. According to its NTEE Classification (E03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Health Care and related organizations. As of 05/2023, Same As Above employed 489 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Same As Above is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 05/2023, Same As Above generated $125.8m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.9%) each year. All expenses for the organization totaled $136.3m during the year ending 05/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Same As Above has awarded 72 individual grants totaling $8,855,196. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
SEE FORM 990, PART III, LINE 1.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PUBLISHING MEDICAL INFORMATION: AS A STATE MEDICAL SOCIETY, THE MMS IS IN THE UNIQUE POSITION OF MANAGING A WORLD-WIDE BRAND, NEJM GROUP. NEJM GROUP PUBLISHES THE NEW ENGLAND JOURNAL OF MEDICINE (NEJM), NEJM JOURNAL WATCH, NEJM CATALYST, AND NEJM EVIDENCE. AS THE FLAGSHIP OF NEJM GROUP, THE NEW ENGLAND JOURNAL OF MEDICINE (NEJM) IS RECOGNIZED AS THE WORLD'S LEADING GENERAL MEDICAL JOURNAL AND WEBSITE. NEJM DELIVERS HIGH-QUALITY, PEER-REVIEWED RESEARCH AND INTERACTIVE CLINICAL CONTENT TO PHYSICIANS, EDUCATORS, RESEARCHERS, AND THE GLOBAL MEDICAL COMMUNITY. NEJM'S MISSION IS TO PUBLISH THE BEST RESEARCH AND INFORMATION AT THE INTERSECTION OF BIOMEDICAL SCIENCE AND CLINICAL PRACTICE AND TO PRESENT THIS INFORMATION IN UNDERSTANDABLE, CLINICALLY USEFUL FORMATS THAT INFORM HEALTH CARE DELIVERY AND IMPROVE PATIENT OUTCOMES. NEJM KEEPS HEALTH CARE PROFESSIONALS AT THE LEADING EDGE OF MEDICAL KNOWLEDGE, HELPS THEM TO GAIN BROAD UNDERSTANDING IN THEIR AREAS OF INTEREST, AND PROVIDES A VARIETY OF ENGAGING AND INNOVATIVE WAYS TO LEARN. NEJM HAS MORE THAN ONE MILLION READERS FROM NEARLY EVERY COUNTRY.
EDUCATION: TOGETHER, MMS AND NEJM GROUP PROVIDE UNPARALLELED CONTENT AND EDUCATION SERVICES TO REACH PRACTICING HEALTH CARE PROFESSIONALS AND IMPROVE PATIENT CARE. THE MASSACHUSETTS MEDICAL SOCIETY RECEIVED ACCREDITATION WITH COMMENDATION BY THE ACCME AND HAS MAINTAINED THIS CERTIFICATION OF EXCELLENCE SINCE THE PROGRAM'S INCEPTION. THROUGH OUR CONTINUING MEDICAL EDUCATION PROGRAM (CME), THE MASSACHUSETTS MEDICAL SOCIETY (MMS) SEEKS TO ENABLE CLINICALLY RELEVANT AND VALUABLE LEARNING, FRAMED BY THE BEST AVAILABLE EVIDENCE, DESIGNED TO ADVANCE THE QUALITY, ACCESSIBILITY, EQUITY, SAFETY, AND COST-EFFECTIVENESS OF HEALTH CARE FOR PATIENTS AND THE PUBLIC WHILE PROMOTING CLINICIAN PROFESSIONALISM AND WELLNESS. IN SUMMARY, WE SEEK TO ENSURE OPTIMAL HEALTH AND WELL-BEING OF PATIENTS AND PROVIDERS. UNDER THE AUSPICES OF NEJM GROUP, THE MMS FURTHER EXTENDS OUR MISSION GLOBALLY THROUGH OUR EDUCATION PRODUCTS FOR HEALTH CARE PROFESSIONALS: - NEJM KNOWLEDGE+, A COMPREHENSIVE ADAPTIVE LIFELONG LEARNING PLATFORM THAT HELPS CLINICIANS LEARN AND PREPARE FOR THEIR BOARD EXAM OR LONGITUDINAL ASSESSMENT, ASSESS AND IMPROVE CLINICAL KNOWLEDGE, AND ENHANCE THE QUALITY OF THEIR PRACTICE- NEJM RESIDENT 360, A TOOL THAT HELPS PHYSICIANS-IN-TRAINING PREPARE FOR THEIR ROTATIONS QUICKLY AND EFFICIENTLY, PROVIDES SUPPORT FOR COPING WITH PRESSURES OF RESIDENT LIFE, AND EQUIPS THEM FOR THE NEXT STEP IN THEIR CAREER- NEJM HEALER, AN ONLINE APPLICATION THAT HELPS MEDICAL EDUCATORS TEACH AND ASSESS STUDENTS' CLINICAL REASONING SKILLS AND HELPS STUDENTS TO DEVELOP SOUND DIAGNOSTIC SKILLS
MEMBER SERVICES: THE MASSACHUSETTS MEDICAL SOCIETY (MMS) IS THE STATEWIDE PROFESSIONAL ASSOCIATION FOR PHYSICIANS AND MEDICAL STUDENTS, SUPPORTING APPROXIMATELY 25,000 MEMBERS. THE MMS IS DEDICATED TO EDUCATING AND ADVOCATING FOR THE PHYSICIANS OF MASSACHUSETTS AND PATIENTS LOCALLY AND NATIONALLY. A LEADERSHIP VOICE IN HEALTH CARE, THE MMS CONTRIBUTES PHYSICIAN AND PATIENT PERSPECTIVES TO INFLUENCE HEALTH-RELATED LEGISLATION AT THE STATE AND FEDERAL LEVELS. THROUGH FY23, THE MMS, WHICH IS THE STATE'S LARGEST PHYSICIAN-LED MEMBERSHIP ORGANIZATION, CONTINUED TO BE A SOURCE OF PROFESSIONAL SUPPORT AND EDUCATION FOR PHYSICIANS WHILE ADVOCATING FOR PHYSICIANS AND PATIENTS. HUNDREDS OF MEMBERS ACTIVELY PARTICIPATED IN DOZENS OF MMS INITIATIVES, ACTIVITIES, AND NEW MMS POLICIES. KEY AREAS OF FOCUS AND IMPACT DURING FY23 WERE REPRODUCTIVE RIGHTS; GUN VIOLENCE; EQUITY IN HEALTH CARE; COMBATTING MISINFORMATION IN HEALTHCARE AND PUBLIC HEALTH; PHYSICIAN BURNOUT; MENTAL HEALTH CARE; MPOX (FORMERLY KNOWN AS MONKEYPOX); AND RESPIRATORY SYNCYTIAL VIRUS (RSV).MMS ADVOCACY EFFORTS THIS YEAR INCLUDED TELEHEALTH PAYMENTS; REDUCING PROPOSED MEDICARE CUTS; PROTECTING PATIENTS AND PROVIDERS OF REPRODUCTIVE HEALTHCARE; SUPPORTING MENTAL HEALTH; ADDRESSING GUN VIOLENCE; AND ADDRESSING PRIOR AUTHORIZATION AND OTHER ADMINISTRATIVE BURDENS FOR PHYSICIANS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Theodore A Calianos II MD Facs President | OfficerTrustee | 20 | $138,542 |
Barbara S Spivak MD President-Elect | OfficerTrustee | 12 | $71,875 |
Hugh M Taylor MD Vice President | OfficerTrustee | 12 | $29,167 |
Lynda G Kabbash MD Secretary-Treasurer | OfficerTrustee | 12 | $25,000 |
Lee S Perrin MD Asst. Secretary-Treas | OfficerTrustee | 4 | $0 |
Jean M Bruch MD DMD Trustee | Trustee | 0.3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Quad Graphics Iii Company Printing Services | 5/30/23 | $1,666,421 |
Atypon Systems Inc Web Development | 5/30/23 | $1,237,071 |
Hollister Staffing Inc Staffing Support | 5/30/23 | $1,101,391 |
Blue Mantis Inc It Support | 5/30/23 | $1,058,948 |
Techlogix Inc Technology Services | 5/30/23 | $727,800 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $818,694 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $818,694 |
| Total Program Service Revenue | $98,999,992 |
| Investment income | $4,402,727 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $20,621,934 |
| Net Rental Income | $926,348 |
| Net Gain/Loss on Asset Sales | -$1,622,873 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $125,843,070 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $687,057 |
| Grants and other assistance to domestic individuals. | $138,035 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,222,395 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $54,374,265 |
| Pension plan accruals and contributions | $8,159,416 |
| Other employee benefits | $8,693,222 |
| Payroll taxes | $3,878,884 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $423,834 |
| Fees for services: Accounting | $234,984 |
| Fees for services: Lobbying | $100,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $735,811 |
| Fees for services: Other | $13,119,207 |
| Advertising and promotion | $3,666,391 |
| Office expenses | $564,386 |
| Information technology | $9,369,406 |
| Royalties | $0 |
| Occupancy | $4,309,596 |
| Travel | $764,930 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $629,178 |
| Interest | $1,824,772 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,301,182 |
| Insurance | $772,417 |
| All other expenses | $772,924 |
| Total functional expenses | $136,334,544 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,280,868 |
| Savings and temporary cash investments | $6,664,520 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $14,315,754 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $5,018,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $3,074,000 |
| Net Land, buildings, and equipment | $48,057,245 |
| Investments—publicly traded securities | $193,088,170 |
| Investments—other securities | $8,101,759 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,262,303 |
| Total assets | $281,862,619 |
| Accounts payable and accrued expenses | $10,625,415 |
| Grants payable | $0 |
| Deferred revenue | $35,358,982 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $35,971,112 |
| Other liabilities | $16,208,513 |
| Total liabilities | $98,164,022 |
| Net assets without donor restrictions | $183,698,597 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $281,862,619 |
Grants Awarded
Over the last fiscal year, Massachusetts Medical Society has awarded $687,057 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
MASS MEDICAL BENEVOLENT SOCIETY PURPOSE: FINANCIAL RELIEF | $50,000 |
MMS AND ALLIANCE CHARITABLE FOUNDATION PURPOSE: COMMUNITY ACTION | $100,000 |
PHYSICIAN HEALTH SERVICES PURPOSE: PHYSICIAN OUTREACH SERVICES | $458,000 |
BOSTON MEDICAL LIBRARY PURPOSE: MEDICAL KNOWLEDGE | $25,000 |
MASS MEDICAL ALLIANCE PURPOSE: HEALTH EDUCATION | $10,000 |
ALL OTHERS (5000 OR LESS) PURPOSE: VARIOUS | $44,057 |