The Massachusetts Medical Society And Alliance Charitable Foundation
- Assets
- $2.8m
- Revenue
- $339.1k
- Investments
- $1.2m
- Employees
- 0
- Location
- Waltham, MA
- Founding
- 02/1993
- Data as of
- 05/2023
- 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 05/2023, Massachusetts Medical Society And Alliance Charitable Foundation generated $339.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (4.1%) each year. All expenses for the organization totaled $266.3k during the year ending 05/2023. As we would expect to see with falling revenues, expenses have declined by (3.6%) per year over the past 6 years. 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 103 individual grants totaling $1,356,331. 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
2023
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
GRANTS TO ORGANIZATIONSTWELVE NONPROFITS WERE AWARDED $141,700 TO INTERVENE IN EARLY PREDICTORS OF POOR HEALTH OUTCOMES, SUCH AS HEALTH EQUITY, POVERTY, FOOD INSECURITY, AND ACCESS TO HEALTH CARE, SERVING MORE THAN 18,500 INDIVIDUALS.
FISCAL SPONSORSHIPTHE FOUNDATION IS THE FISCAL SPONSOR ON TWO GRANTS THAT ARE MANAGED BY THE MASSACHUSETTS MEDICAL SOCIETY. THE GRANTS RELATE TO EDUCATIONAL INITIATIVES FOR PHYSICIANS.
GRANTS TO MEDICAL STUDENTS AND RESIDENT PHYSICIANSSIX MEDICAL STUDENTS FROM MASSACHUSETTS MEDICAL SCHOOLS, AND EIGHT RESIDENT PHYSICIANS FROM MASSACHUSETTS FACILITIES, RECEIVED GRANTS TO HELP OFFSET TRAVEL AND LODGING EXPENSES FOR STUDY IN ANOTHER COUNTRY AS THEY TRAIN TO BEOME CULTURALLY COMPENTENT PHYSICIANS WHO ARE PREPARED TO SERVE BOTH LOCAL AND INTERNATIONAL COMMUNITIES WITH HUMILITY AND RESPECT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lee Perrin MD Chair | OfficerTrustee | 1.5 | $0 |
Beri O Songna MD Vice-Chair | OfficerTrustee | 1.5 | $0 |
Bonnie Dunlap Director | Trustee | 1.5 | $0 |
Louis E Fazen III MD MPH Director | Trustee | 1.5 | $0 |
Caitlin Farrell DO Director | Trustee | 1.5 | $0 |
Shaan Gandhi MD MBA Director | Trustee | 1.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $100,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $119,504 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $219,504 |
| Total Program Service Revenue | $0 |
| Investment income | $129,101 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$10,529 |
| Net Income from Fundraising Events | $1,060 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $339,136 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $141,700 |
| Grants and other assistance to domestic individuals. | $18,500 |
| 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 | $7,120 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $4,327 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $4,282 |
| 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 | $90,368 |
| Total functional expenses | $266,297 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $116,564 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $1,502,074 |
| Investments—other securities | $1,219,340 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,837,978 |
| Accounts payable and accrued expenses | $20,910 |
| 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 | $71,765 |
| Total liabilities | $92,675 |
| Net assets without donor restrictions | $2,672,161 |
| Net assets with donor restrictions | $73,142 |
| 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 | $2,837,978 |
Grants Awarded
Over the last fiscal year, The Massachusetts Medical Society And Alliance Charitable Foundation has awarded $141,700 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
FATHER BILLS & MAINSPRING INC PURPOSE: IMPROVING ACCESS TO CARE | $20,000 |
GRATIS HEALTHCARE PURPOSE: QUALITY HEALTH CARE SERVICES FOR THE UN- AND UNDERINSURED | $18,500 |
SOUTH COMMUNITY FOOD PANTRY PURPOSE: ADDRESSING SOCIAL DETERMINANTS OF HEALTH | $15,000 |
BOYS AND GIRLS CLUBS OF DORCHESTER INC PURPOSE: BEHAVIORAL HEALTH SERVICES | $15,000 |
VOLUNTEERS IN MEDICINE- BERKSHIRES PURPOSE: QUALITY HEALTH CARE SERVICES FOR THE UN- AND UNDERINSURED | $15,000 |
ADOLESCENT CONSULTATION SERVICES PURPOSE: BEHAVIORAL HEALTH SERVICES | $10,000 |