Marion County Medical Society
- Assets
- $975.5k
- Revenue
- $175.5k
- Investments
- $0.0
- Employees
- 1
- Location
- Ocala, FL
- Founding
- 03/2003
- Data as of
- 12/2022
- EIN
- 23-7026266
Organization Overview
Marion County Medical Society is located in Ocala, FL. The organization was established in 2003. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Marion 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 12/2022, Marion County Medical Society generated $175.5k 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 (9.1%) each year. All expenses for the organization totaled $227.8k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (5.6%) 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROFESSIONAL ORGANIZATION TO SERVE AS A NETWORKING AND INFORMATION FORUM FOR MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DUES PAID ON BEHALF OF MEMBERS BY WAY OF COLLECTING LOCAL DUES. THESE DUES COVER MEMEBERSHIP AT THE COUNTY, STATE AND FEDERAL LEVELS. THESE DUES MUST BE PAID IN ORDER TO BE A MEMBER OF MARION COUNTY MEDICAL SOCIETY.
DONATION TO FLORIDA MEDICAL ALLIANCE SERVICES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sherry Budnick Exec. Direct | Trustee | 40 | $79,245 |
Anil Gogineni MD Immediate Pa | Officer | 1 | $0 |
Rakesh Prashad MD President | Officer | 1 | $0 |
Rena Harrington MD Secretary-Tr | Officer | 1 | $0 |
Yousef Elyaman MD President-El | Officer | 1 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $164,723 |
| Investment income | $866 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $4,613 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $175,452 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $10,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $70 |
| Compensation of current officers, directors, key employees. | $10,328 |
| Compensation of current officers, directors, key employees. | $10,328 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $79,245 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $8,365 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,763 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $25,904 |
| Travel | $4,888 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $33,090 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $10,387 |
| Total functional expenses | $227,769 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $678,305 |
| Savings and temporary cash investments | $292,254 |
| 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 | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,933 |
| Total assets | $975,492 |
| Accounts payable and accrued expenses | $0 |
| 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 | $1,838 |
| Total liabilities | $1,838 |
| Net assets without donor restrictions | $0 |
| 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 | $1,025,965 |
| Retained earnings, endowment, accumulated income, or other funds | -$52,311 |
| Total liabilities and net assets/fund balances | $975,492 |