Pennsylvania Medical Society
- Assets
- $184.4m
- Revenue
- $9.4m
- Investments
- $139.7m
- Employees
- 80
- Location
- Mechanicsburg, PA
- Founding
- 03/1938
- Data as of
- 12/2022
- EIN
- 23-1570227
Organization Overview
Pennsylvania Medical Society is located in Mechanicsburg, 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 12/2022, Pennsylvania Medical Society employed 80 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pennsylvania 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, Pennsylvania Medical Society generated $9.4m 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 (6.0%) each year. All expenses for the organization totaled $11.4m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (2.7%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Pennsylvania Medical Society has awarded 28 individual grants totaling $2,636,220. 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 SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PENNSYLVANIA MEDICAL SOCIETY IS A PROFESSIONAL MEMBERSHIP ORGANIZATION IN PENNSYLVANIA. THE SOCIETY IS AFFILIATED WITH COUNTY MEDICAL SOCIETIS THROUGHOUT PENNSYLVANIA. FOUNDED IN 1848, THE SOCIETY'S MISSION IS TO BE THE VOICE OF PENNSYLVANIA'S PHYSICIANS, ADVANCING QUALITY PATIENT CARE, THE ETHICAL PRACTICE OF MEDICINE AND ADVOCATION FOR THE PATIENTS THEY SERVE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ahmad Hameed MD Trustee | Trustee | 2 | $0 |
Amelia Pare MD Trustee | Trustee | 2 | $0 |
Andrew Lutzkanin III MD Trustee | Trustee | 2 | $0 |
Chad P Walker DO Trustee | Trustee | 2 | $0 |
Christopher J Buzas DO Trustee | Trustee | 2 | $0 |
Cynthia T Demuth MD Trustee | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Abila It Consultant | 12/30/22 | $141,353 |
Morefield Inc It Consultant | 12/30/22 | $116,913 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $25,440 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $25,440 |
| Total Program Service Revenue | $3,964,231 |
| Investment income | $2,867,458 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,246,975 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,413,534 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $842,904 |
| 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. | $728,356 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,327,671 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,620,063 |
| Payroll taxes | $330,873 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $86,786 |
| Fees for services: Accounting | $68,224 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $691,846 |
| Fees for services: Other | $110,591 |
| Advertising and promotion | $0 |
| Office expenses | $28,063 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $335,389 |
| Travel | $155,879 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $101,394 |
| Interest | $80,487 |
| Payments to affiliates | $66,223 |
| Depreciation, depletion, and amortization | $599,341 |
| Insurance | $181,203 |
| All other expenses | $0 |
| Total functional expenses | $11,359,171 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $15,796,383 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $663,641 |
| 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 | $385,473 |
| Net Land, buildings, and equipment | $9,732,519 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $139,719,431 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $18,071,327 |
| Total assets | $184,368,774 |
| Accounts payable and accrued expenses | $493,997 |
| Grants payable | $0 |
| Deferred revenue | $2,065,585 |
| 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 | $169,389 |
| Total liabilities | $2,728,971 |
| Net assets without donor restrictions | $181,639,803 |
| 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 | $184,368,774 |
Grants Awarded
Over the last fiscal year, Pennsylvania Medical Society has awarded $842,904 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
COMMUNITY PARTNERS IN ASTHMA CARE INC PURPOSE: DIRECT SUPPORT FOR HEALTH INNOVATION PROJECTS | $50,000 |
THE FOUNDATION OF THE PENNSYLVANIA MEDICAL SOCIETY PURPOSE: GENERAL SUPPORT | $380,000 |
CHAN SOON-SHIONG MEDICAL CENTER AT WINDBER PURPOSE: DIRECT SUPPORT FOR HEALTH INNOVATION PROJECTS | $50,000 |
LEHIGH VALLEY HOSPITAL INC PURPOSE: DIRECT SUPPORT FOR HEALTH INNOVATION PROJECTS | $14,204 |
DO NOT HARM PLLC PURPOSE: DIRECT SUPPORT FOR HEALTH INNOVATION PROJECTS | $50,000 |
TRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA PURPOSE: DIRECT SUPPORT FOR HEALTH INNOVATION PROJECTS | $49,251 |