Rhode Island Medical Society
- Assets
- $1.4m
- Revenue
- $693.6k
- Investments
- $0.0
- Employees
- 11
- Location
- Providence, RI
- Founding
- 03/1991
- Data as of
- 12/2023
- EIN
- 05-0250010
Organization Overview
Rhode Island Medical Society is located in Providence, RI. The organization was established in 1991. According to its NTEE Classification (G90) the organization is classified as: Medical Disciplines, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. As of 12/2023, Rhode Island Medical Society employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rhode Island Medical Society 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 12/2023, Rhode Island Medical Society generated $693.6k in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (0.9%) each year. All expenses for the organization totaled $711.6k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (2.2%) per year over the past 5 years. 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
TO PROMOTE THE ART AND SCIENCE OF MEDICINE FOR THE BETTERMENT OF PUBLIC HEALTH AND TO ADVOCATE QUALITY PATIENT CARE AND PROMOTE THE EXCHANGE OF INFORMATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROFESSIONAL REPRESENTATION BEFORE GOVERNMENTAL BODIES REGARDING MEDICAL AND PUBLIC HEALTH ISSUES
PUBLICATION OF "THE RI MEDICAL JOURNAL"
PROVISION OF STAFF SERVICES TO OTHER MEDICAL SPECIALTY SOCIETIES AND NOT-FOR-PROFIT ENTITIES IN RHODE ISLAND
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stacy Paterno Executive Vice President | Officer | 40 | $130,000 |
Heather A Smith MD President | OfficerTrustee | 1 | $3,000 |
Kara Stavros MD President-Elect | OfficerTrustee | 1 | $0 |
Dina Himelfarb MD Vice President | OfficerTrustee | 1 | $0 |
Mariah Stump MD Secretary | OfficerTrustee | 1 | $0 |
Matthew Smith MD Treasurer | OfficerTrustee | 1 | $0 |
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 | $17,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $17,000 |
| Total Program Service Revenue | $591,477 |
| Investment income | $22,531 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $34,199 |
| 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 | $693,587 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $870 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $162,221 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $205,653 |
| Pension plan accruals and contributions | $5,780 |
| Other employee benefits | $21,165 |
| Payroll taxes | $27,136 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,174 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $8,992 |
| Advertising and promotion | $0 |
| Office expenses | $61,249 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $79,747 |
| Travel | $13,005 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $20,543 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $11,964 |
| Insurance | $6,569 |
| All other expenses | $0 |
| Total functional expenses | $711,573 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $89,859 |
| Savings and temporary cash investments | $309 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $33,602 |
| 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 | $4,301 |
| Net Land, buildings, and equipment | $19,423 |
| Investments—publicly traded securities | $1,114,754 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $146,562 |
| Total assets | $1,408,810 |
| Accounts payable and accrued expenses | $46,734 |
| Grants payable | $0 |
| Deferred revenue | $85,991 |
| 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 | $120,432 |
| Total liabilities | $253,157 |
| Net assets without donor restrictions | $1,152,877 |
| Net assets with donor restrictions | $2,776 |
| 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 | $1,408,810 |