Nebraska State Medical Association
- Assets
- $8.5m
- Revenue
- $2.9m
- Investments
- $7.0m
- Employees
- 13
- Location
- Lincoln, NE
- Founding
- 02/1939
- Data as of
- 12/2022
- EIN
- 47-0372108
Organization Overview
Nebraska State Medical Association is located in Lincoln, NE. The organization was established in 1939. As of 12/2022, Nebraska State Medical Association employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nebraska State Medical Association 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, Nebraska State Medical Association generated $2.9m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.1% each year. All expenses for the organization totaled $2.9m during the year ending 12/2022. While expenses have increased by 4.2% per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO SERVE PHYSICIAN MEMBERS BY ADVOCATING FOR THE MEDICAL PROFESSION, FOR PATIENTS, AND FOR THE HEALTH OF ALL NEBRASKANS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTE THE COMMON INTERESTS OF NEBRASKA PHYSICIANS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Josue Guitierez MD Director | Trustee | 1 | $0 |
Jason Kruger MD Secretary/treasurer | OfficerTrustee | 1 | $5,000 |
David Watts MD Immediate Past President | OfficerTrustee | 1 | $15,000 |
Mark Davis MD Director | Trustee | 1 | $0 |
Dan Rosenquist MD President | OfficerTrustee | 1 | $16,667 |
Kelly Caverzagie MD Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $655,941 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,269,309 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,925,250 |
| Total Program Service Revenue | $763,700 |
| Investment income | $146,962 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $112,758 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,948,670 |
| 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. | $219,837 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $563,606 |
| Pension plan accruals and contributions | $59,298 |
| Other employee benefits | $63,084 |
| Payroll taxes | $51,443 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $27,514 |
| Fees for services: Lobbying | $60,200 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $37,581 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $79,333 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $97,390 |
| Travel | $69,282 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $21,139 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $26,934 |
| Insurance | $15,696 |
| All other expenses | $19,034 |
| Total functional expenses | $2,873,802 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $212,815 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $411,856 |
| 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 | $135,414 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $7,001,095 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $745,819 |
| Total assets | $8,506,999 |
| Accounts payable and accrued expenses | $297,790 |
| Grants payable | $0 |
| Deferred revenue | $473,008 |
| 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 | $748,382 |
| Total liabilities | $1,519,180 |
| Net assets without donor restrictions | $6,987,819 |
| 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 | $8,506,999 |