The Massachusetts Medical Society And Alliance Charitable Foundation
- Assets
- $2.8m
- Revenue
- $516.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Waltham, MA
- Founding
- 02/1993
- Data as of
- 05/2022
- EIN
- 22-3199624
Organization Overview
The Massachusetts Medical Society And Alliance Charitable Foundation is located in Waltham, MA. The organization was established in 1993. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Massachusetts Medical Society And Alliance Charitable 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 05/2022, Massachusetts Medical Society And Alliance Charitable Foundation generated $516.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.6% each year. All expenses for the organization totaled $191.7k during the year ending 05/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Massachusetts Medical Society And Alliance Charitable Foundation has awarded 117 individual grants totaling $1,590,937. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
SEE FORM 990, PART III, LINE 1
Describe the Organization's Program Activity:
Part 3 - Line 4a
CARE FOR THE MEDICALLY UNINSURED AND UNDER-INSUREDSUPPORTS PHYSICIAN-LED VOLUNTEER INITIATIVES TO PROVIDE FREE CARE TO UNINSURED PATIENTS AND INCREASE ACCESS TO CARE FOR THE MEDICALLY UNDER-INSURED. THE FOUNDATION DISTRIBUTED SEVEN GRANTS IN FY2022.
COMMUNITY/SOCIAL ACTIONFUNDS COMMUNITY ACTION PROJECTS THAT CREATIVELY ADDRESS ISSUES THAT AFFECT THE HEALTH AND WELL-BEING OF THE COMMUNITY. THE FOUNDATION DISTRIBUTED SIX GRANTS IN FY2022.
SUPPORTS MEDICAL STUDENTS AND RESIDENT PHYSICIAN MEMBERS OF THE MMS TO PURSUE MEDICAL EDUCATION FOCUSING ON UNDERSERVED POPULATIONS.
PHYSICIANS FOUNDATION GRANT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lee Perrin MD Chair | OfficerTrustee | 1.5 | $0 |
Bonnie Dunlap Director | Trustee | 1.5 | $0 |
Louis E Fazen III MD Director | Trustee | 1.5 | $0 |
Sahdev R Passey MD Director | Trustee | 1.5 | $0 |
Shaan Gandhi MD MBA Director | Trustee | 1.5 | $0 |
Bisola O Ojikutu MD Director | Trustee | 1.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $185,500 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $51,503 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $237,003 |
| Total Program Service Revenue | $0 |
| Investment income | $124,564 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $155,331 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $516,898 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $174,398 |
| Grants and other assistance to domestic individuals. | $4,200 |
| 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 | $0 |
| Fees for services: Accounting | $6,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $5,432 |
| Fees for services: Other | $250 |
| Advertising and promotion | $0 |
| Office expenses | $1,438 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $191,718 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $69,116 |
| Savings and temporary cash investments | $63,030 |
| Pledges and grants receivable | $3,868 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $2,639,686 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,775,700 |
| Accounts payable and accrued expenses | $7,910 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Total liabilities | $7,910 |
| Net assets without donor restrictions | $2,695,745 |
| Net assets with donor restrictions | $72,045 |
| 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 | $2,775,700 |
Grants Awarded
Over the last fiscal year, The Massachusetts Medical Society And Alliance Charitable Foundation has awarded $170,000 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
Franklin, MA PURPOSE: CARE FOR MEDICALLY UNINSURED | $25,000 |
North Amherst, MA PURPOSE: SOCIAL ACTION | $20,000 |
Brockton, MA PURPOSE: CARE FOR MEDICALLY UNINSURED | $20,000 |
Peabody, MA PURPOSE: SOCIAL ACTION | $15,000 |
Fitchburg, MA PURPOSE: CARE FOR MEDICALLY UNINSURED | $15,000 |
Newton, MA PURPOSE: SOCIAL ACTION | $15,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that The Massachusetts Medical Society And Alliance Charitable Foundation has recieved totaling $210,500.
| Awarding Organization | Amount |
|---|---|
Massachusetts Medical Society Waltham, MA PURPOSE: COMMUNITY ACTION | $185,500 |
The Physicians Foundation Inc Austin, TX PURPOSE: TO SUPPORT TELEHEALTH | $25,000 |
Endowment Analysis
| Beg. Balance | $1,308,579 |
| Earnings | -$91,754 |
| Admin Expense | $7,688 |
| Ending Balance | $1,209,137 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Fund For Public Schools Inc New York, NY | $69,123,846 | $27,701,638 |
National Collegiate Inventors & Innovators Alliance Hadley, MA | $19,763,432 | $45,805,073 |
Ernst & Young Foundation New York, NY | $39,971,970 | $27,635,064 |
Kipp New York Inc New York, NY | $134,718,837 | $36,118,873 |
Nellie Mae Education Foundation Inc Quincy, MA | $585,493,964 | $94,584,276 |
Say Yes Buffalo Scholarship Inc Buffalo, NY | $26,879,466 | $14,014,941 |
The Heckscher Foundation For Children New York, NY | $236,760,119 | $11,760,357 |
United Federation Of Teachers Educational Foundation Inc New York, NY | $18,651,586 | $11,866,585 |
Caroline & Joseph S Gruss Life Monument Funds Inc New York, NY | $48,124,527 | $2,679,769 |
Five Colleges Incorporated Amherst, MA | $34,378,872 | $10,361,692 |
Suny Impact Foundation Inc New York, NY | $1,805,430 | $8,847,404 |
Poughkeepsie Public School Teachers Asso Trust Fund Poughkeepsie, NY | $14,239,734 | $11,580,276 |