Michigan Society Of Hematology And Oncology
- Assets
- $3.6m
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 3
- Location
- Troy, MI
- Founding
- 10/1990
- Data as of
- 12/2021
- EIN
- 38-2634114
Organization Overview
Michigan Society Of Hematology And Oncology is located in Troy, MI. The organization was established in 1990. According to its NTEE Classification (G30) the organization is classified as: Cancer, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. As of 12/2021, Michigan Society Of Hematology And Oncology employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Michigan Society Of Hematology And Oncology 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, Michigan Society Of Hematology And Oncology generated $1.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.3% each year. All expenses for the organization totaled $663.1k during the year ending 12/2021. While expenses have increased by 2.8% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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 ORGANIZATION'S MISSION IS TO PROMOTE EXEMPLARY CARE FOR PATIENTS WITH CANCER AND BLOOD DISORDERS THROUGH ADVOCACY, EDUCATION AND RESEARCH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE COVID-19 PANDEMIC CONTINUED TO HAVE AN IMPACT ON THEIR EDUCATION PRGRAMMING. A COMBINATION OF VIRTUAL ANDLIVE EVENTS WERE HELD. MSHO CONDUCTED CONTINUING MEDICAL EDUCATION SEMINARS FOR PHYSICIAN MEMBERS. THESE SEMINARS WERE TO FURTHER ENHANCE THE SKILLSETS OF THE MEMBER PHYSICIANS/ 3 SEMINARES WITH A COMBINED 709 MEMBERS IN ATTENDANCE.
THE COVID-19 PANDEMIC CONTINUED TO HAVE AN IMPACT ON MSHO EDUCATION PROGRAMMING. SOME OF THE EVENTS WERE LIVE WHILE OTHERS OTHERS WERE HELD VIRTUALLY. MSHO CONDUCTED CONTINUING EDUCATION SEMINARS FOR MEMBER NURSES AND ADVANCED PRACTICE PROVIDERS. THESE SEMINARS WERE TO FURTHER ENHANCE THEIR SKILLSETS AND PROVIDE REVIEW FOR OCN CERITIFICATION. 339 WERE IN ATTENDANCE
THE COVID-19 PANDEMIC CONTINUED TO HAVE AN IMPACT ON MSHO EDUCATIONAL PROGRAMMING. SOME OF THE EVENTS WERE HELD LIVE WHILE OTHERS WERE ABLE TO BE HELD VIRTUALLY. MSHO CONDUCTED SEMINARS FOR ADMINISTRATORS AND REIMBURSEMENT SPECIALISTS TO FURTHER ENHANCE THE SKILLSETS OF THE MEMBER ONCOLOGISTS AND CODERS THROUGH CONTINUING EDUCATION. THERE WAS A COMBINATION OF 7 LIVE/VIRTUAL PROGRAMS WITH A TOTAL 1,140 ATTENDEES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anas Al-Janadi MD President | Officer | $0 | |
Thomas Gribbin MD Immediate Pa | Officer | $0 | |
Michael Stender MD Treasurer | Officer | $0 | |
Paul Adams MD Board Member | Trustee | $0 | |
David S Gordon MD Board Member | Trustee | $0 | |
Timothy Cox MD Board Member | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $805,308 |
| Fundraising events | $0 |
| Related organizations | $20,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $50,166 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $875,474 |
| Total Program Service Revenue | $0 |
| Investment income | $49,800 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $98,400 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,023,674 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $244,750 |
| Pension plan accruals and contributions | $12,112 |
| Other employee benefits | $12,112 |
| Payroll taxes | $21,272 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,040 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $23,450 |
| Fees for services: Other | $1,899 |
| Advertising and promotion | $3,217 |
| Office expenses | $30,237 |
| Information technology | $25,559 |
| Royalties | $0 |
| Occupancy | $45,004 |
| Travel | $2,487 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $19,254 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $62 |
| Insurance | $7,689 |
| All other expenses | $49,275 |
| Total functional expenses | $663,094 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $924,089 |
| Savings and temporary cash investments | $175,575 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $7,151 |
| Net Land, buildings, and equipment | $32 |
| Investments—publicly traded securities | $2,525,021 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,631,868 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $357,740 |
| 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 | $104 |
| Total liabilities | $357,844 |
| Net assets without donor restrictions | $0 |
| 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 | $3,274,024 |
| Total liabilities and net assets/fund balances | $3,631,868 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
West Michigan Cancer Center Kalamazoo, MI | $48,096,612 | $92,880,121 |
Midwest Athletes Against Childhood Cancer Inc Milwaukee, WI | $8,719,614 | $5,966,033 |
Cancer Center Of Western Wisconsin Inc New Richmond, WI | $3,535,083 | $4,799,679 |
Hematology Oncology Pharmacy Association Inc Milwaukee, WI | $8,943,245 | $5,533,209 |
Cincinnati Cancer Foundation Inc Cincinnati, OH | $8,619,366 | $3,809,192 |
Little Red Door Cancer Agency Inc Indianapolis, IN | $5,180,729 | $2,801,269 |
Wise Women Gathering Place Inc Green Bay, WI | $356,088 | $2,004,991 |
Cancer Services Of Allen County Inc Fort Wayne, IN | $5,058,821 | $2,973,918 |
Dayton Clinical Oncology Program Inc Dayton, OH | $2,853,577 | $1,120,839 |
Cancer Family Care Inc Cincinnati, OH | $2,569,325 | $997,329 |
Abcd Inc Milwaukee, WI | $1,083,354 | $892,930 |
Cutaneous Lymphoma Foundation Inc Warren, MI | $1,694,712 | $943,674 |