Worcester District Medical Society
- Assets
- $1.3m
- Revenue
- $297.8k
- Investments
- $0.0
- Employees
- 2
- Location
- Worcester, MA
- Founding
- 06/1955
- Data as of
- 12/2023
- EIN
- 04-6039281
Organization Overview
Worcester District Medical Society is located in Worcester, MA. The organization was established in 1955. As of 12/2023, Worcester District Medical Society employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Worcester District Medical Society is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Worcester District Medical Society generated $297.8k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 0.2% each year. All expenses for the organization totaled $264.6k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
MEDICAL EDUCATION AND MEDICAL ETHICS
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ADVANCEMENT OF MEDICAL KNOWLEDGE. TO DEVELOP AND MAINTAIN THE HIGHEST PROFESSIONAL AND ETHICAL STANDARDS OF MEDICAL PRACTICE AND HEALTH CARE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Martha G Wright MBA Executive Dir. | Trustee | 40 | $83,991 |
Alwyn Rapose MD Vice President | OfficerTrustee | 0 | $0 |
Giles Whalen MD President | OfficerTrustee | 0 | $0 |
Michelle Hadley DO Secretary | OfficerTrustee | 0 | $0 |
B Dale Magee MD Treasurer | OfficerTrustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $86,730 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $170,686 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $257,416 |
| Total Program Service Revenue | $0 |
| Investment income | $40,341 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $297,757 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $2,200 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $83,991 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $49,996 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $10,467 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,461 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $14,883 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $22,323 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $32,930 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,200 |
| Insurance | $0 |
| All other expenses | $7,460 |
| Total functional expenses | $264,595 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $134,250 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $4,639 |
| Net Land, buildings, and equipment | $1,800 |
| Investments—publicly traded securities | $1,158,773 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,299,462 |
| Accounts payable and accrued expenses | $770 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Other liabilities | $31,425 |
| Total liabilities | $32,195 |
| Net assets without donor restrictions | $1,218,321 |
| Net assets with donor restrictions | $48,946 |
| 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 | $1,299,462 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Public Responsibility In Medicine And Research Boston, MA | $9,143,595 | $4,737,012 |
Society For Medical Decision Making Inc Albany, NY | $777,155 | $797,353 |
American Society Of Law Medicine & Ethics Inc Boston, MA | $578,246 | $460,078 |
Traditional Chinese Medicine World Foundation Inc New York, NY | $338,952 | $244,456 |
Worcester District Medical Society Worcester, MA | $1,299,462 | $297,757 |
Massachusetts Breast Cancer Coalition Inc Franklin, MA | $479,895 | $273,866 |
Children Of China Pediatrics Foundation-Psc- New York, NY | $784,682 | $126,197 |
Nami Central Mass Inc Worcester, MA | $18,528 | $0 |