Philadelphia County Medical Society
- Assets
- $2.9m
- Revenue
- $670.4k
- Investments
- $0.0
- Employees
- 4
- Location
- Philadelphia, PA
- Founding
- 02/1938
- Data as of
- 12/2021
- EIN
- 23-0969360
Organization Overview
Philadelphia County Medical Society is located in Philadelphia, PA. The organization was established in 1938. According to its NTEE Classification (E03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Health Care and related organizations. As of 12/2021, Philadelphia County Medical Society employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Philadelphia 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 12/2021, Philadelphia County Medical Society generated $670.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.7% each year. All expenses for the organization totaled $620.0k during the year ending 12/2021. While expenses have increased by 1.6% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
TO AGGRESSIVELY ADVANCE AND SUPPORT THE INTERESTS OF PHYSICIANS AND THEIR PATIENTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
PCMS IS A VIBRANT MULTISPECIALTY COUNTY MEDICAL SOCIETY WITH SEVERAL THOUSAND MEMBERS WHICH INCLUDES A MEDICAL STUDENT SECTION AND RESIDENT FELLOW SECTION FROM PHILADELPHIA'S WORLD-RENOWNED MEDICAL TRAINING INSTITUTIONS. OUR MEMBERS ARE NOT ONLY FROM MANY SPECIALTIES BUT ENCOMPASS ACADEMIC ATTENDING PHYSICIANS AS WELL AS THE MANY PRIVATE PRACTICES OF OUR CITY. OUR MEMBERS SHARE A COMMON BELIEF OF THE PRIME IMPORTANCE OF THE PHYSICIAN-PATIENT RELATIONSHIP TO GOOD MEDICAL DECISION-MAKING AND THE COMMON GOAL OF EXTREME HIGH QUALITY ACCESSIBLE INNOVATIVE CARE FOR OUR COUNTY AND REGION'S CITIZENS. PCMS STRIVES TO NOT ONLY BE A CONSENSUS VOICE OF THE MEMBERSHIP BUT ALSO TO SERVE AS A TRUSTED INFORMATION SOURCE TO OUR PRACTITIONERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark C Austerberry Executive Director | Officer | 34 | $113,911 |
Natalia Ortiz Torret Mdfapa President | OfficerTrustee | 0.5 | $0 |
Stephen R Permut MD JD President-Elect | OfficerTrustee | 0.5 | $0 |
Ricardo Morgenstern MD Secretary | OfficerTrustee | 0.5 | $0 |
Anthony Rosa MD Treasurer | OfficerTrustee | 0.5 | $0 |
James L Cristol MD Past President | Trustee | 0.5 | $0 |
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 | $18,095 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $18,095 |
| Total Program Service Revenue | $185,987 |
| Investment income | $48,208 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $254,407 |
| Net Gain/Loss on Asset Sales | $87,107 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $670,402 |
| 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. | $99,268 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $120,643 |
| Pension plan accruals and contributions | $6,402 |
| Other employee benefits | $17,217 |
| Payroll taxes | $16,021 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,504 |
| Fees for services: Accounting | $44,480 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $9,891 |
| Fees for services: Other | $1,125 |
| Advertising and promotion | $0 |
| Office expenses | $70,358 |
| Information technology | $9,694 |
| Royalties | $0 |
| Occupancy | $75,074 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $19,231 |
| Interest | $4,571 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $91,186 |
| Insurance | $0 |
| All other expenses | $19,311 |
| Total functional expenses | $619,998 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $68 |
| Savings and temporary cash investments | $643,714 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $49,496 |
| 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 | $399,950 |
| Investments—publicly traded securities | $1,670,267 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $101,630 |
| Total assets | $2,865,125 |
| Accounts payable and accrued expenses | $51,919 |
| Grants payable | $0 |
| Deferred revenue | $66,492 |
| 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 | $160,000 |
| Total liabilities | $278,411 |
| Net assets without donor restrictions | $2,527,242 |
| Net assets with donor restrictions | $59,472 |
| 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 | $2,865,125 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Philadelphia County Medical Society has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
National Board Of Medical Examiners Philadelphia, PA PURPOSE: Contribution - See Part IV | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Langhorne Physican Services Inc Langhorne, PA | $71,078,768 | $62,697,896 |
Association Of Public Health Laboratories Inc Silver Spring, MD | $22,041,513 | $89,928,640 |
American College Of Physicians Inc Philadelphia, PA | $166,251,470 | $66,810,188 |
American Society Of Health-System Pharmacists Bethesda, MD | $168,219,201 | $51,203,280 |
American Nurses Association Inc Silver Spring, MD | $72,047,526 | $33,274,226 |
Oncology Nursing Society Pittsburgh, PA | $48,820,451 | $29,142,020 |
Inteleos Inc Rockville, MD | $32,845,295 | $22,272,496 |
Chop Clinical Associates Inc Philadelphia, PA | $1,382,809 | $20,179,810 |
Hospital & Healthsystem Association Of Pennsylvania Inc Harrisburg, PA | $39,402,736 | $15,435,491 |
Plasma Protein Therapeutics Association Annapolis, MD | $7,828,244 | $13,003,501 |
American Podiatric Medical Assoc Bethesda, MD | $21,176,179 | $13,540,711 |
New Jersey Hospital Association Princeton, NJ | $139,216,001 | $6,079,898 |