Broome County Medical Society
- Assets
- $361.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 1
- Location
- Endicott, NY
- Founding
- 12/1953
- Data as of
- 12/2022
- EIN
- 15-0253921
Organization Overview
Broome County Medical Society is located in Endicott, NY. The organization was established in 1953. According to its NTEE Classification (E03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Broome County 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 12/2022, Broome County Medical Society generated $81.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (8.5%) each year. All expenses for the organization totaled $101.8k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (5.7%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
PROVIDE CONTINUING MEDICAL EDUCATION, MEMBER COMMUNICATION PAMPHLETS, EDUCATIONAL SEMINARS AND PEER REVIEW SERVICES FOR ITS MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas Genese MD Member | 0 | $0 | |
Jane Simpson DO Vice President | 0 | $0 | |
Jocelyn Young DO President | 0 | $0 | |
Adam Hatala Student Member | 0 | $0 | |
Khalid Sethi MD Past President | 0 | $0 | |
Maya Haykal Student Member | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,138 |
| Total Program Service Revenue | $0 |
| Membership dues | $19,582 |
| Investment income | $8,727 |
| Gain or Loss | -$1,701 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $53,623 |
| Total Revenue | $81,369 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $63,991 |
| Professional fees and other payments to independent contractors | $14,331 |
| Occupancy, rent, utilities, and maintenance | $9,000 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $13,916 |
| Total expenses | $101,778 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $358,569 |
| Other assets | $0 |
| Total assets | $361,094 |
| Total liabilities | $17,138 |
| Net assets or fund balances | $343,956 |