Wayne County Medical Society
- Assets
- $1.3m
- Revenue
- $473.1k
- Investments
- $0.0
- Employees
- 2
- Location
- Southfield, MI
- Founding
- 12/1966
- Data as of
- 12/2021
- EIN
- 38-1405279
Organization Overview
Wayne County Medical Society is located in Southfield, MI. The organization was established in 1966. According to its NTEE Classification (E01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Health Care and related organizations. As of 12/2021, Wayne County Medical Society employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wayne 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, Wayne County Medical Society generated $473.1k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.4%) each year. All expenses for the organization totaled $251.8k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (9.0%) 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
THE WAYNE COUNTY MEDICAL SOCIETY OF SOUTHEAST MICHIGAN (WCMSSM), TOGETHER WITH THE MICHIGAN STATE MEDICAL SOCIETY AND THE AMERICAN MEDICAL ASSOCIATION, SHALL PROMOTE, ENCOURAGE AND MAINTAIN THE HIGHEST STANDARDS OF PROFESSIONAL QUALITY AND ETHICS. THE WCMSSM SHALL FOSTER PROGRAMS TO IMPROVE THE PUBLIC HEALTH. THE WCMSSM SHALL PROVIDE ITS MEMBERS WITH SERVICES, PRODUCTS AND PROGRAMS TO ENHANCE THEIR PROFESSIONAL LIVES. THE WCMSSM SHALL SUPPORT AND ENCOURAGE THE INDIVIDUAL PHYSICIAN'S RIGHT TO CHOOSE HIS/HER PRACTICE MODEL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMITTEE AND MEETINGS - MEDICAL EDUCATION AND PUBLIC HEALTH ISSUES
SPECIALTY SOCIETY SERVICES - EDUCATIONAL PROGRAMS ON MATTERS OF HEALTH AND SCIENTIFIC ISSUES
DETROIT MEDICAL NEWS - QUARTERLY PUBLICATION FOR MEMBER PHYSICIANS TO PROMOTE AND DEVELOP A STRONG AND COHESIVE MEDICAL SOCIETY. THERE ARE 4 QUARTERLY ELECTRONIC PUBLICATIONS WITH A LIMITED AMOUNT OF PRINTED VERSIONS; PLUS 12 MONTHLY ELECTRONIC E-EDITIONS DISTRIBUTED TO 2,000 READERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patricia A Kolowich MD Secretary | OfficerTrustee | 1 | $0 |
Alireza Meysami President | OfficerTrustee | 1 | $0 |
Talat Danish MD Treasurer | OfficerTrustee | 1 | $0 |
Aliya Courtney Hines MD President Elect | OfficerTrustee | 1 | $0 |
Charles Barone MD Director | Trustee | 1 | $0 |
Federico Mariona MD Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $36,054 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $36,054 |
| Total Program Service Revenue | $344,130 |
| Investment income | $52,751 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $39,807 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $473,117 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $249 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $106,136 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $18,835 |
| Payroll taxes | $12,166 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $9,600 |
| Fees for services: Accounting | $7,075 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $15,233 |
| Fees for services: Other | $2,580 |
| Advertising and promotion | $0 |
| Office expenses | $20,079 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $32,250 |
| Travel | $1,265 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $11,659 |
| Interest | $1,302 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $931 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $251,768 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $84,848 |
| Savings and temporary cash investments | $65,296 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $26,650 |
| 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 | $0 |
| Net Land, buildings, and equipment | $2,638 |
| Investments—publicly traded securities | $1,096,692 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $35,798 |
| Total assets | $1,311,922 |
| Accounts payable and accrued expenses | $25,529 |
| Grants payable | $0 |
| Deferred revenue | $44,489 |
| 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 | $32,216 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $102,234 |
| Net assets without donor restrictions | $1,209,688 |
| 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 | $1,311,922 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Wayne County Medical Society has recieved totaling $500.
| Awarding Organization | Amount |
|---|---|
Joseph And Mari Beals Family Foundation Grosse Pointe Woods, MI PURPOSE: SUPPORT LOCAL MEDICAL CHARITY | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Health Level Seven International Ann Arbor, MI | $18,403,189 | $9,574,871 |
Physicians Careconnection Columbus, OH | $1,377,332 | $3,344,738 |
Open Door Living Association Inc Eastpointe, MI | $615,249 | $2,754,854 |
The North American Menopause Society Pepper Pike, OH | $8,226,136 | $3,121,083 |
Together Wisconsin Acts Inc Milwaukee, WI | $1,041,867 | $3,266,313 |
Planned Parenthood Advocates Of Wisconsin Inc Milwaukee, WI | $376,256 | $1,806,402 |
Henry Ford Health System Government Affairs Services Detroit, MI | $94,836 | $1,205,905 |
Disability Network West Michigan Muskegon, MI | $437,673 | $1,273,148 |
Healthcare Alliance Of Greater Ohio Akron, OH | $260,655 | $1,038,047 |
Rural Health Innovation Collaborative Inc Terre Haute, IN | $1,078,302 | $1,101,562 |
Michigan Nursery And Landscape Association Okemos, MI | $2,385,391 | $963,445 |
National Association Of Directors Of Nursing Administration Springdale, OH | $630,048 | $873,304 |