Medical Society Of The County Of Monroe Inc
- Assets
- $1.2m
- Revenue
- $529.9k
- Investments
- $0.0
- Employees
- 5
- Location
- Rochester, NY
- Founding
- 05/1956
- Data as of
- 12/2023
- EIN
- 16-0755798
Organization Overview
Medical Society Of The County Of Monroe Inc is located in Rochester, NY. The organization was established in 1956. 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, Medical Society Of The County Of Monroe Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Medical Society Of The County Of Monroe 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 12/2023, Medical Society Of The County Of Monroe Inc generated $529.9k 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 (5.7%) each year. All expenses for the organization totaled $595.1k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (4.5%) 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE MEMBERS OF THE SOCIETY UNITE TO CONSIDER AND ACT UPON MATTERS AFFECTING THE PRACTICE OF MEDICINE, EXTEND MEDICAL KNOWLEDGE AND ENLIGHTEN THE PUBLIC IN THE BEST INTERESTS OF THE HEALTH OF THE PEOPLE OF THE COUNTY OF MONROE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEMBER SERVICES - SERVICES RELATING DIRECTLY TO AND FOR THE MORE THAN 750 MEMBER PHYSICIANS.
PRACTICE IMPROVEMENT: THE SOCIETY FACILITATES THE WORK OF LOCAL HEALTH CARE ORGANIZATIONS TO DEVELOP AND IMPLEMENT BEST PRACTICES PATIENT CARE GUIDELINES.
PUBLICATIONS: THE SOCIETY PUBLISHES AN ANNUAL MEMBERSHIP DIRECTORY, "THE BULLETIN" A QUARTERLY JOURNAL OF THE SOCIETY AND "DOCTORS ADVICE" A QUARTERLY PUBLICATION WHICH CONTAINS INFORMATION AVAILABLE TO THE PUBLIC WRITTEN BY LOCAL PHYSICIANS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Hemant Kalia MD President | OfficerTrustee | 1 | $0 |
Janine Fogarty President-Elect | OfficerTrustee | 1 | $0 |
Mathew Devine DO Immediate Past-President | OfficerTrustee | 1 | $0 |
Scott Hartman MD Secretary | OfficerTrustee | 1 | $0 |
Sabar Elezabi Treasurer | OfficerTrustee | 1 | $0 |
Mathew Witmer MD Member At Large | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $149,276 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $120,237 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,438 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $272,951 |
| Total Program Service Revenue | $162,730 |
| Investment income | $23,590 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$61,790 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $529,869 |
| 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. | $134,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $189,800 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $32,621 |
| Payroll taxes | $22,005 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $55,084 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $9,542 |
| Advertising and promotion | $550 |
| Office expenses | $8,761 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $41,248 |
| Travel | $195 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $16,076 |
| Interest | $52 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $864 |
| Insurance | $4,842 |
| All other expenses | $17,754 |
| Total functional expenses | $595,055 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $106,788 |
| Savings and temporary cash investments | $38,051 |
| Pledges and grants receivable | $110,778 |
| 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 | $14,902 |
| Net Land, buildings, and equipment | $3,117 |
| Investments—publicly traded securities | $820,343 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $66,037 |
| Total assets | $1,160,016 |
| Accounts payable and accrued expenses | $38,891 |
| Grants payable | $0 |
| Deferred revenue | $15,943 |
| 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 | $73,534 |
| Total liabilities | $128,368 |
| Net assets without donor restrictions | $1,031,648 |
| 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 | $1,160,016 |