Illinois Osteopathic Medical Society
- Assets
- $274.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 01/1956
- Data as of
- 12/2022
- EIN
- 36-6065503
Organization Overview
Illinois Osteopathic Medical Society is located in Chicago, IL. The organization was established in 1956. 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. Illinois Osteopathic 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, Illinois Osteopathic Medical Society generated $70.9k 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 (12.0%) each year. All expenses for the organization totaled $71.8k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (10.7%) per year over the past 8 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
2022
Describe the Organization's Program Activity:
Part 3
-PROVIDED CONTINUING MEDICAL EDUCATION ACROSS THE STATE OF ILLINOIS TO HELP MEMBERS MEET CAREER GOALS.-MONITORED LEGISLATION IMPORTANT TO THE OSTEOPATHIC MEDICAL COMMUNITY. VOLUNTEERED MEDICAL EXPERTISE TO STATE PANELS. MET WITH LEGISLATORS TO SHARE THE PHYSICIAN PERSPECTIVE ON HEALTH CARE POLICY ISSUES. -PROVIDED PROFESSIONAL SUPPORT THROUGH THE ILLINOIS INSIGHTS NEWSLETTER AND THE MAINTENANCE OF WEB RESOURCES. -REPRESENTED OUR MEMBERSHIP TO VARIOUS GOVERNMENT AND PROFESSIONAL ORGANIZATIONS. -ANSWERED QUESTIONS ABOUT MEDICAL LICENSING AND LEGISLATIVE/REGULATORY ACTIVITIES AFFECTING OSTEOPATHIC MEDICAL PRACTICES. -SUPPORTED POSTGRADUATES IN TRAINING THROUGH OUR WEBSITE, SEMINARS, AND MEETINGS. -SUPPORTED OSTEOPATHIC MEDICAL STUDENTS THROUGH STUDENT WORKSHOPS, AWARDS, AND ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nikhil Bhargava DO Trustee | 2 | $0 | |
Naresh Chandan DO Trustee | 2 | $0 | |
Matthew Harrison DO Trustee | 2 | $0 | |
Shahzaib Khan DO Trustee Term End 12/9/22 | 2 | $0 | |
Thomas Kupferer DO Trustee Term End 12/9/22 | 2 | $0 | |
Angelique Mizera DO Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $55,291 |
| Membership dues | $9,120 |
| Investment income | $6,444 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $70,855 |
| 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 | $12,000 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $59,847 |
| Total expenses | $71,847 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $273,927 |
| Other assets | $0 |
| Total assets | $274,877 |
| Total liabilities | $4,950 |
| Net assets or fund balances | $269,927 |