Kent County Medical Society
- Assets
- $478.7k
- Revenue
- $197.3k
- Investments
- $0.0
- Employees
- 2
- Location
- Grand Rapids, MI
- Founding
- 01/1939
- Data as of
- 12/2021
- EIN
- 38-0713590
Organization Overview
Kent County Medical Society is located in Grand Rapids, MI. The organization was established in 1939. According to its NTEE Classification (E03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Health Care and related organizations. As of 12/2021, Kent County Medical Society employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kent 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 12/2021, Kent County Medical Society generated $197.3k 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 (4.3%) each year. All expenses for the organization totaled $132.5k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (9.6%) 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROFESSIONAL ASSOCIATION UNITING THE PHYSICIANS IN KENT COUNTY INTO A MUTUAL, NEUTRAL ORGANIZATION PRESERVING AND PROMOTING THE HEALTH OF THE CITIZENS OF KENT COUNTY, MI
Describe the Organization's Program Activity:
Part 3 - Line 4a
UNITING THE PHYSICIANS IN KENT COUNTY INTO A MUTUAL, NEUTRAL ORGANIZATION; PRESERVING AND PROMOTING THE HEALTH OF THE CITIZENS OF KENT COUNTY MICHIGAN
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patricia Dalton Executive Director | OfficerTrustee | 20 | $0 |
Gerald Lee President | OfficerTrustee | 1 | $0 |
Adam Rush Director | Trustee | 1 | $0 |
Jayne Courts Director | Trustee | 1 | $0 |
Ned Fody Director | Trustee | 1 | $0 |
John Fox Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $132,605 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,506 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $139,111 |
| Total Program Service Revenue | $23,000 |
| Investment income | $4,754 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $30,396 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $197,261 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $44,145 |
| Compensation of current officers, directors, key employees. | $17,658 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $36,157 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $6,675 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,240 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,115 |
| Fees for services: Other | $6,881 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $6,000 |
| Travel | $1,898 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | -$36 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,928 |
| All other expenses | $4,348 |
| Total functional expenses | $132,529 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $128,702 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $16,834 |
| 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 | $4,944 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $328,266 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $478,746 |
| Accounts payable and accrued expenses | $1,034 |
| Grants payable | $0 |
| Deferred revenue | $136,000 |
| 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 | $137,034 |
| Net assets without donor restrictions | $341,712 |
| 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 | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $478,746 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Kent County Medical Society has recieved totaling $10,771.
| Awarding Organization | Amount |
|---|---|
Community Foundation Of The Upper Peninsula Escanaba, MI | | $9,771 |
The Depriest Family Foundation Inc St Joseph, MO PURPOSE: PROVIDE MEDICAL RELIEF TO THOSE IN NEED | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Michigan Health And Hospital Association Okemos, MI | $27,538,084 | $35,005,376 |
Indiana Hospital Association Inc Indianapolis, IN | $14,217,273 | $13,385,165 |
The Saturday Evening Post Society Inc Indianapolis, IN | $49,329,518 | $11,274,580 |
National Church Residences Columbus, OH | $6,772,830 | $11,332,666 |
Greater Dayton Area Hospital Assoc Dayton, OH | $5,189,718 | $9,300,133 |
Michigan Nurses Association Okemos, MI | $27,717,414 | $8,418,016 |
Michigan Dental Association Okemos, MI | $14,871,690 | $7,368,661 |
Michigan State Medical Society East Lansing, MI | $15,401,993 | $5,010,247 |
Ohio Nurses Association Hilliard, OH | $4,406,486 | $4,396,631 |
Indiana State Medical Association Indianapolis, IN | $22,274,244 | $4,315,865 |
Health Care Education And Training Inc Indianapolis, IN | $968,136 | $3,323,662 |
Columbus Medical Association Foundation Columbus, OH | $114,076,258 | $935,267 |