Connecticut State Medical Society Inc
- Assets
- $1.8m
- Revenue
- $1.2m
- Investments
- $305.0
- Employees
- 5
- Location
- North Haven, CT
- Founding
- 04/1937
- Data as of
- 12/2021
- EIN
- 06-0665164
Organization Overview
Connecticut State Medical Society Inc is located in North Haven, CT. The organization was established in 1937. 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 12/2021, Connecticut State Medical Society Inc employed 5 individuals. This organization is the central organization for a national or regional group of organizations. Connecticut State Medical Society Inc 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 12/2021, Connecticut State Medical Society Inc generated $1.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (8.5%) each year. All expenses for the organization totaled $1.0m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (12.5%) per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO UNITE AND SUPPORT THE PHYSICIANS OF CT IN PROMOTING THE HEALTH OF ITS CITIZENS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CSMS IS COMPRISED OF CONNECTICUT PHYSICIANS ORGANIZED FOR THE PURPOSE OF PROMOTING THE ART AND SCIENCE OF MEDICINE AND THE BETTERMENT OF PUBLIC HEALTH IN COOPERATION WITH THE AMERICAN MEDICAL ASSOCIATION, OTHER STATE MEDICAL SOCIETIES, COUNTY MEDICAL ASSOCIATIONS AND OTHER VARIOUS SPECIALTY SOCIETIES. CSMS COLLECTS DUES AND FEES FROM ITS OVER 4,131 PHYSICIAN MEMBERS, WHICH ARE USED FOR THE BENEFIT OF FULFILLING CSMS' PURPOSE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Layne Gakos Executive Director | Officer | 40 | $116,275 |
Susan Suckley Finance Manager | Officer | 40 | $56,514 |
Gregory Shangold MD Immediate Past President | OfficerTrustee | 1 | $40,000 |
Bollepalli Subbarao MD Outgoing Immediate Past President | OfficerTrustee | 1 | $25,000 |
Akella Sarma MD Vice President | OfficerTrustee | 1 | $0 |
David J Hass MD President Elect | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $930,890 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $55,500 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $986,390 |
| Total Program Service Revenue | $83,090 |
| Investment income | $18,303 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $3,647 |
| Net Rental Income | $24,826 |
| Net Gain/Loss on Asset Sales | $15,150 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,201,082 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $274,832 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $122,053 |
| Pension plan accruals and contributions | $32,397 |
| Other employee benefits | $24,520 |
| Payroll taxes | $24,261 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $34,325 |
| Fees for services: Lobbying | $147,187 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $6,246 |
| Fees for services: Other | $74,477 |
| Advertising and promotion | $2,959 |
| Office expenses | $66,793 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $121,313 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $8,086 |
| Interest | $4,950 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $17,627 |
| Insurance | $9,541 |
| All other expenses | $0 |
| Total functional expenses | $1,006,392 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $200 |
| Savings and temporary cash investments | $398,765 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,288 |
| 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 | $0 |
| Net Land, buildings, and equipment | $25,113 |
| Investments—publicly traded securities | $681,165 |
| Investments—other securities | $305 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $696,569 |
| Total assets | $1,803,405 |
| Accounts payable and accrued expenses | $145,127 |
| Grants payable | $0 |
| Deferred revenue | $321,304 |
| 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 | $787,119 |
| Total liabilities | $1,253,550 |
| Net assets without donor restrictions | $464,358 |
| Net assets with donor restrictions | $85,497 |
| 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 | $1,803,405 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
New York State Dental Association Albany, NY | $17,001,364 | $5,827,046 |
R I H Orthopaedic Foundation Inc Providence, RI | $8,806,507 | $8,596,679 |
Curepsp Inc New York, NY | $8,414,669 | $6,342,039 |
New York State Society Of Anesthesiologists Inc New York, NY | $5,784,530 | $3,237,027 |
American Healthcare Radiology Administrators Inc Marlborough, MA | $4,341,536 | $3,296,728 |
Diagnostic Imaging Foundation Warwick, RI | $10,449 | $1,617,000 |
New York County Dental Society New York, NY | $13,674,183 | $498,692 |
Canton-Potsdam Medical Practice Pllc Potsdam, NY | $521,293 | $682,687 |
New York State Podiatric Medical Association New York, NY | $2,710,070 | $1,412,989 |
Connecticut State Medical Society Inc North Haven, CT | $1,803,405 | $1,201,082 |
Rhode Island Medical Society Providence, RI | $1,292,881 | $707,186 |
American Academy Of Psychiatry & The Law Bloomfield, CT | $2,884,642 | $945,687 |