Society For Medical Decision Making Inc
- Assets
- $777.2k
- Revenue
- $797.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Albany, NY
- Founding
- 07/1983
- Data as of
- 12/2022
- EIN
- 31-0992960
Organization Overview
Society For Medical Decision Making Inc is located in Albany, NY. The organization was established in 1983. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Society For Medical Decision Making Inc 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 12/2022, Society For Medical Decision Making Inc generated $797.4k in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (1.1%) each year. All expenses for the organization totaled $926.7k during the year ending 12/2022. 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
TO IMPROVE HEALTH OUTCOMES THROUGH THE ADVANCEMENT OF PROACTIVE SYSTEMATIC APPROACHES TO CLINICAL DECISION MAKING AND POLICY FORMATION IN HEALTH CARE BY PROVIDING A SCHOLARLY FORUM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OTHER MEMBER SERVICES
CONFERENCE AND MEETINGS FOR THE PRESENTATION AND DISCUSSION OF SCIENTIFIC PAPERS.
PUBLICATION OF NEWSLETTERS AND SCIENTIFIC JOURNAL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Diane Nickolson Executive Director | Officer | 28 | $127,229 |
Olga Kostopoulou Pres To Past Pres (trans 10/22) | OfficerTrustee | 4 | $0 |
Beate Sander Pres-Elect To Pres (trans 10/22) | OfficerTrustee | 4 | $0 |
Natasha Stout Past President (until 10/22) | OfficerTrustee | 2 | $0 |
Alan Schwartz President-Elect | OfficerTrustee | 4 | $0 |
Andrew S Lajoie Secretary-Treasurer-Elect | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
H & N Management Associates Llc Management Services | 12/30/21 | $233,177 |
Diane Nickolson Executive Services | 12/30/21 | $124,125 |
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 | $35,643 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $35,643 |
| Total Program Service Revenue | $748,442 |
| Investment income | $12,958 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $797,353 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $9,441 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $4,820 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $127,229 |
| Compensation of current officers, directors, key employees. | $89,060 |
| 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 | $144,062 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $16,458 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $47,295 |
| Advertising and promotion | $4,440 |
| Office expenses | $4,509 |
| Information technology | $1,841 |
| Royalties | $750 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $379,762 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,952 |
| All other expenses | $1,670 |
| Total functional expenses | $926,687 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $32,459 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $76,320 |
| 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 | $7,271 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $661,105 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $777,155 |
| Accounts payable and accrued expenses | $62,525 |
| Grants payable | $0 |
| Deferred revenue | $69,398 |
| 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 | $0 |
| Total liabilities | $131,923 |
| Net assets without donor restrictions | $405,666 |
| Net assets with donor restrictions | $239,566 |
| 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 | $777,155 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Public Responsibility In Medicine And Research Boston, MA | $9,143,595 | $4,737,012 |
Society For Medical Decision Making Inc Albany, NY | $777,155 | $797,353 |
American Society Of Law Medicine & Ethics Inc Boston, MA | $578,246 | $460,078 |
New Jersey Health Decisions Inc Hillsborough, NJ | $78,598 | $346,567 |
Traditional Chinese Medicine World Foundation Inc New York, NY | $338,952 | $244,456 |
Worcester District Medical Society Worcester, MA | $1,299,462 | $297,757 |
Massachusetts Breast Cancer Coalition Inc Franklin, MA | $479,895 | $273,866 |
Children Of China Pediatrics Foundation-Psc- New York, NY | $784,682 | $126,197 |
Nami Central Mass Inc Worcester, MA | $18,528 | $0 |