Chicago Medical Society Foundation

Organization Overview

Chicago Medical Society Foundation is located in Chicago, IL. The organization was established in 1943. According to its NTEE Classification (G03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. As of 12/2020, Chicago Medical Society Foundation employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chicago Medical Society Foundation 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 12/2020, Chicago Medical Society Foundation generated $386.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (8.7%) each year. All expenses for the organization totaled $1.4m during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2020

Describe the Organization's Mission:

Part 3 - Line 1

THE CULTIVATION OF THE SCIENCE AND ART OF MEDICINE, THE INTERCHANGE OF PROFESSIONAL EXPERIENCE, THE EDUCATION OF ITS MEMBERS AND THE PUBLIC IN CURRENT MEDICAL TRENDS AND TECHNIQUES

Describe the Organization's Program Activity:

Part 3 - Line 4a

CLINICAL CONFERENCE - ANNUAL CONFERENCE OFFERING SEMINARS AND EDUCATIONAL COURSES FOR CONTINUING PROFESSIONAL EDUCATION FOR MEDICAL PROFESSIONALS


MEDICAL PRACTICE EDUCATION - PROVIDES MEDICAL PRACTICE EDUCATION SEMINARS AND EDUCATIONAL COURSES FOR MEDICAL PRACTICES AND THEIR STAFF. REVIEW EDUCATIONAL COURSE CONTENT TO ENSURE COMPLIANCE WITH ACCME EDUCATIONAL COURSE REQUIREMENTS.


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Board, Officers & Key Employees

Name (title)Compensation
Ted Kanellakes
Executive Director
$243,481
Megan Whalen
VP Of Cms Insurance Agency
$140,384
Patrick Derse
Director Of Finance
$120,454
Raj B Lal MD
Chairman
$0
Edward S Linn MD
Secretary
$0
Robert Bernat MD
Treasurer
$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$1,100
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$1,100
Total Program Service Revenue$165,829
Investment income $26,831
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $140,273
Net Gain/Loss on Asset Sales $52,024
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $386,057

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Chicago Medical Society Foundation has recieved totaling $6,908.

Awarding OrganizationAmount
Paypal Charitable Giving Fund

Washington, DC

PURPOSE: General Support

$6,908
View Grant Recipient Profile

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