Rhode Island Medical Society Foundation
- Assets
- $854.4k
- Revenue
- $234.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Providence, RI
- Founding
- 06/1983
- Data as of
- 12/2021
- EIN
- 05-0401176
Organization Overview
Rhode Island Medical Society Foundation is located in Providence, RI. The organization was established in 1983. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rhode Island Medical Society Foundation 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, Rhode Island Medical Society Foundation generated $234.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $264.9k during the year ending 12/2021. While expenses have increased by 4.1% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
PROMOTE THE BETTERMENT OF PUBLIC HEALTH BY ENGAGING IN EDUCATIONAL AND CHARITABLE ACTIVITIES RELATED TO THE FIELD OF MEDICINE, AND TO SUPPORT PEER REVIEW ACTIVITIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEDICAL PROFESSIONALS HEALTH ASSISTANCE - THIS PROGRAM SUPPORTS THE COST OF EMPLOYING ONE FULL-TIME CLINICAL SOCIAL WORKER, ONE PART-TIME CLINICAL SOCIAL WORKER, AND ONE PART-TIME PROGRAM WORKER, ALL WHO PROVIDE SERVICES PERTAINING TO THE HEALTH OF PHYSICIANS AND CERTAIN OTHER CLINICIANS.
PUBLIC SERVICE AND EDUCATION - THIS PROGRAM SUPPORTS THE COSTS OF: (1) CONDUCTING A CAMPAIGN TO INCREASE THE FREQUENCY WITH WHICH MEDICAL OFFICES SCREEN PATIENTS FOR PRE-DIABETES AND THE RATE AT WHICH THEY REFER PRE-DIABETIC PATIENTS TO THE MANY NEW EVIDENCE-BASED DIABETES PREVENTION PROGRAMS THAT ARE ESTABLISHED IN RHODE ISLAND, AND ALSO COLLABORATE WITH OTHERS WORKING TOWARDS THIS COMMON GOAL; (2) SUPPORTING PUBLIC EDUCATIONAL PROGRAMS AND RAISE PUBLIC AWARENESS RELATING TO PROFESSIONAL LIABILITY TORT REFORM; (3) AND RESPONDING TO OTHER EDUCATIONAL AND SAFETY CONCERNS.
FINANCIAL ASSISTANCE FOR PHYSICIANS (BENEVOLENCE FUND) - THIS PROGRAM SUPPORTS PHYSICIANS AND THEIR FAMILIES IN TIMES OF FINANCIAL NEED.
RHODE ISLAND CHRONIC CARE COLLABORATIVE. PROGRAM ENDED IN 2021 AND THE REMAINING FUNDS WERE SENT TO THE RI GENERAL TREASURER'S OFFICE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Catherine A Cummings MD President Start 9/2021 | OfficerTrustee | 0.1 | $0 |
Kwame Dapaah-Afriyie MD MBA Secretary/treasurer | OfficerTrustee | 0.1 | $0 |
Elizabeth B Lange MD Trustee | OfficerTrustee | 0.02 | $0 |
Peter A Hollmann MD Pres. Through 9/21; Current Trustee | OfficerTrustee | 0.02 | $0 |
Bradley J Collins MD Trustee | OfficerTrustee | 0.02 | $0 |
Newell E Warde PHD Exec. Dir. Thru 12/31/21 | Officer | 8 | $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 | $227,080 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $227,080 |
| Total Program Service Revenue | $0 |
| Investment income | $7,233 |
| 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 | $234,313 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $7,500 |
| Grants and other assistance to domestic individuals. | $8,811 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,120 |
| Fees for services: Accounting | $5,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,000 |
| Advertising and promotion | $0 |
| Office expenses | $1,859 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $28,199 |
| Travel | $687 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $169 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,638 |
| Insurance | $0 |
| All other expenses | $7,208 |
| Total functional expenses | $264,873 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $183,232 |
| Savings and temporary cash investments | $170,405 |
| 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 | $1,075 |
| Net Land, buildings, and equipment | $1,876 |
| Investments—publicly traded securities | $497,796 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $854,384 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $5,176 |
| 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 | $16,845 |
| Total liabilities | $22,021 |
| Net assets without donor restrictions | $68,206 |
| Net assets with donor restrictions | $764,157 |
| 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 | $854,384 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Rhode Island Medical Society Foundation has recieved totaling $115,500.
| Awarding Organization | Amount |
|---|---|
The Rhode Island Community Foundation Providence, RI PURPOSE: Protecting Patients' Access By Maintaining the Workforce | $90,000 |
Care New England Health System Providence, RI PURPOSE: GENERAL SUPPORT | $15,500 |
Brown Medicine Providence, RI PURPOSE: PHYSICIANS HEALTH FUND | $5,000 |
Brown Medicine Providence, RI PURPOSE: PHYSICIANS HEALTH FUND | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Jewish Home Lifecare Manhattan New York, NY | $92,070,146 | $86,814,145 |
Baystate Wing Hospital Corporation Palmer, MA | $104,408,982 | $97,206,592 |
Saint Marys Hospital For Children Inc Bayside, NY | $163,358,524 | $102,313,252 |
Common Wealth Clinical Alliance Inc Boston, MA | $145,104,803 | $101,479,734 |
Care Design New York Llc Albany, NY | $58,406,708 | $119,726,125 |
Community Health Project Inc New York, NY | $98,075,603 | $99,211,868 |
Rome Memorial Hospital Inc Rome, NY | $72,806,706 | $103,415,729 |
Cayuga Medical Associates Pc Ithaca, NY | $9,424,563 | $97,237,418 |
Medical Care Of Queens Pc Westbury, NY | $21,678,110 | $91,754,608 |
Guthrie Cortland Medical Center Cortland, NY | $104,605,193 | $96,207,960 |
Brattleboro Memorial Hospital Brattleboro, VT | $104,110,921 | $94,984,604 |
North Country Hospital & Health Center,inc Newport, VT | $120,716,878 | $102,074,097 |