Medical Letter Inc
- Assets
- $4.2m
- Revenue
- $5.1m
- Investments
- $1.8m
- Employees
- 23
- Location
- New Rochelle, NY
- Founding
- 07/1961
- Data as of
- 06/2021
- EIN
- 13-1881832
Organization Overview
Medical Letter Inc is located in New Rochelle, NY. The organization was established in 1961. According to its NTEE Classification (A33) the organization is classified as: Printing & Publishing, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2021, Medical Letter Inc employed 23 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Medical Letter Inc 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 06/2021, Medical Letter Inc generated $5.1m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.2% each year. All expenses for the organization totaled $4.4m during the year ending 06/2021. 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
PUBLICATION "THE MEDICAL LETTER", A NEWSLETTER DISTRIBUTED EVERY OTHER WEEK ON A SUBSCRIPTION BASIS TO VARIOUS PROFESSIONAL AND STUDENT GROUPS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CORPORATION IS AN EDUCATIONAL ORGANIZATION (SECTION501(C)(3)) WHICH PUBLISHES "THE MEDICAL LETTER". IT IS ANEWSLETTER WHICH IS DISTRIBUTED EVERY OTHER WEEK ON ASUBSCRIPTION BASIS TO VARIOUS PROFESSIONALS & STUDENTGROUPS. THERE IS A CIRCULATION OF OVER 100,000.
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 |
|---|---|---|---|
Mark Abramowicz MD President | OfficerTrustee | 40 | $329,559 |
Yosef Wissner-Levy Vice President/cfo | 40 | $287,990 | |
Jean-Marie Pflomm Editor In Chief | Officer | 40 | $202,310 |
Joanne Valentino-Rosen Exec. Dir. - Marketing & C | 40 | $153,202 | |
Michael P Viscusi Associate Editor | 40 | $148,463 | |
Elaine Reaney-Tomaselli Site License Salesperson | 40 | $127,606 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $4,394,324 |
| Investment income | $42,497 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $137,507 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $11,571 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,090,906 |
| 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. | $988,117 |
| Compensation of current officers, directors, key employees. | $202,713 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,641,658 |
| Pension plan accruals and contributions | $187,613 |
| Other employee benefits | $80,845 |
| Payroll taxes | $173,077 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,040 |
| Fees for services: Accounting | $32,450 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $6,551 |
| Fees for services: Other | $0 |
| Advertising and promotion | $7,110 |
| Office expenses | $0 |
| Information technology | $88,634 |
| Royalties | $0 |
| Occupancy | $178,994 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,061 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,415 |
| Insurance | $39,320 |
| All other expenses | $117,729 |
| Total functional expenses | $4,440,597 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $37,972 |
| Savings and temporary cash investments | $925,461 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $22,717 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $26,777 |
| Prepaid expenses and deferred charges | $76,419 |
| Net Land, buildings, and equipment | $16,727 |
| Investments—publicly traded securities | $482,570 |
| Investments—other securities | $1,787,496 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $781,097 |
| Total assets | $4,157,236 |
| Accounts payable and accrued expenses | $163,260 |
| Grants payable | $0 |
| Deferred revenue | $3,118,904 |
| 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 | $23,308 |
| Total liabilities | $3,305,472 |
| Net assets without donor restrictions | $851,764 |
| Net assets with donor restrictions | $0 |
| 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 | $4,157,236 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Medical Letter Inc has recieved totaling $177.
| Awarding Organization | Amount |
|---|---|
Nord Family Foundation Princeton, NJ PURPOSE: GENERAL UNRESTRICTED | $100 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $77 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Technology Review Inc Cambridge, MA | $6,822,000 | $19,424,000 |
Project Veritas Mamaroneck, NY | $11,883,753 | $22,034,786 |
Journal Of Bone And Joint Surgery Inc Needham, MA | $35,717,891 | $10,120,492 |
Machon Mashe Rockeach Inc Brooklyn, NY | $2,473,215 | $8,597,419 |
Harpers Magazine Foundation New York, NY | $1,648,663 | $7,386,851 |
Retro Report Inc Mystic, CT | $1,128,827 | $6,590,447 |
The New Press Inc New York, NY | $10,475,881 | $7,017,448 |
National Braille Press Inc Boston, MA | $10,542,006 | $5,176,920 |
Medical Letter Inc New Rochelle, NY | $4,157,236 | $5,090,906 |
University Of Pennsylvania Press Incorporated Philadelphia, PA | $1,805,477 | $4,286,513 |
Harvard Magazine Incorporated Cambridge, MA | $2,271,377 | $3,610,627 |
American Booksellers Assoc Inc White Plains, NY | $43,213,298 | $1,963,902 |