Worcester District Medical Society
- Assets
- $1.3m
- Revenue
- $388.9k
- Investments
- $0.0
- Employees
- 2
- Location
- Worcester, MA
- Founding
- 06/1955
- Data as of
- 12/2021
- EIN
- 04-6039281
Organization Overview
Worcester District Medical Society is located in Worcester, MA. The organization was established in 1955. As of 12/2021, 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 12/2021, Worcester District Medical Society generated $388.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.9% each year. All expenses for the organization totaled $217.8k during the year ending 12/2021. 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
2021
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 | $74,012 |
B Dale Magee MD Treasurer | OfficerTrustee | 0 | $0 |
Marianne Felice MD Secretary | OfficerTrustee | 0 | $0 |
Giles Whalen MD Vice President | OfficerTrustee | 0 | $0 |
Spiro Spanakis DO President | OfficerTrustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $94,135 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $202,242 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $296,377 |
| Total Program Service Revenue | $0 |
| Investment income | $37,299 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $55,226 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $388,902 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,142 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $74,012 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $44,348 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $9,753 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,933 |
| 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 | $10,441 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $22,490 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,256 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,428 |
| Insurance | $0 |
| All other expenses | $4,321 |
| Total functional expenses | $217,823 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $224,403 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $15,297 |
| 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 | $5,745 |
| Net Land, buildings, and equipment | $4,314 |
| Investments—publicly traded securities | $1,039,902 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,289,661 |
| Accounts payable and accrued expenses | $1,194 |
| 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 | $83,940 |
| Total liabilities | $85,134 |
| Net assets without donor restrictions | $1,169,200 |
| Net assets with donor restrictions | $35,327 |
| 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 | $1,289,661 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Worcester District Medical Society has recieved totaling $300.
| Awarding Organization | Amount |
|---|---|
Dr Albert O Raymond Tr Dallas, TX PURPOSE: UNRESTRICTED GENERAL | $300 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Public Responsibility In Medicine And Research Boston, MA | $9,595,219 | $3,666,753 |
American Society Of Law Medicine & Ethics Inc Boston, MA | $725,632 | $445,179 |
Traditional Chinese Medicine World Foundation Inc New York, NY | $396,733 | $300,772 |
Worcester District Medical Society Worcester, MA | $1,289,661 | $388,902 |
Massachusetts Breast Cancer Coalition Inc Franklin, MA | $456,142 | $281,184 |
Children Of China Pediatrics Foundation-Psc- New York, NY | $745,256 | $189,573 |
Nami Central Mass Inc Worcester, MA | $15,854 | $0 |