Massachusetts Medical Society
- Assets
- $462.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Waltham, MA
- Founding
- 10/1970
- Data as of
- 12/2021
- EIN
- 23-7085936
Organization Overview
Massachusetts Medical Society is located in Waltham, MA. The organization was established in 1970. 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 a subordinate organization within an affiliated group for tax-exemption purposes. Massachusetts 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, Massachusetts Medical Society generated $57.0k 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 (3.5%) each year. All expenses for the organization totaled $41.3k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (5.7%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
SCHOLARSHIP PROGRAM:THE SCHOLARSHIP PROGRAM IS AVAILABLE TO ANY MEDICAL STUDENT ENROLLED AT AN APPROVED U.S. INSTITUTION WHO IS A LEGAL RESIDENT OF THE FOLLOWING FIVE TOWNS: NEEDHAM, NEWTON, WALTHAM, WELLESLEY, AND WESTON.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Pei-Li Huang MD Vice-President | 2 | $0 | |
Brenda Anders Pring MD President | 2 | $0 | |
David Kieff MD Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $45,750 |
| Investment income | $11,124 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $120 |
| Total Revenue | $56,994 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $23,283 |
| Total expenses | $41,283 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $462,426 |
| Other assets | $0 |
| Total assets | $462,426 |
| Total liabilities | $0 |
| Net assets or fund balances | $462,426 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
New York State Dental Association Albany, NY | $17,001,364 | $5,827,046 |
R I H Orthopaedic Foundation Inc Providence, RI | $8,806,507 | $8,596,679 |
Curepsp Inc New York, NY | $8,414,669 | $6,342,039 |
New York State Society Of Anesthesiologists Inc New York, NY | $5,784,530 | $3,237,027 |
American Healthcare Radiology Administrators Inc Marlborough, MA | $4,341,536 | $3,296,728 |
Diagnostic Imaging Foundation Warwick, RI | $10,449 | $1,617,000 |
New York County Dental Society New York, NY | $13,674,183 | $498,692 |
Canton-Potsdam Medical Practice Pllc Potsdam, NY | $521,293 | $682,687 |
New York State Podiatric Medical Association New York, NY | $2,710,070 | $1,412,989 |
New Hampshire Medical Society Concord, NH | $574,906 | $1,307,703 |
Connecticut State Medical Society Inc North Haven, CT | $1,803,405 | $1,201,082 |
Rhode Island Medical Society Providence, RI | $1,292,881 | $707,186 |