Nebraska State Medical Association
- Assets
- $8.9m
- Revenue
- $2.0m
- Investments
- $8.3m
- Employees
- 10
- Location
- Lincoln, NE
- Founding
- 02/1939
- Data as of
- 12/2021
- EIN
- 47-0372108
Organization Overview
Nebraska State Medical Association is located in Lincoln, NE. The organization was established in 1939. As of 12/2021, Nebraska State Medical Association employed 10 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 12/2021, Nebraska State Medical Association generated $2.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.2% each year. All expenses for the organization totaled $1.9m during the year ending 12/2021. 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
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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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amy Reynoldson Executive Vice-President | Officer | 40 | $161,460 |
Michelle Walsh MD Immediate Past President | OfficerTrustee | 1 | $16,250 |
David Watts MD President | OfficerTrustee | 1 | $16,250 |
Jason Kruger MD Secretary/treasurer | OfficerTrustee | 1 | $5,000 |
Dan Rosenquist MD President Elect | OfficerTrustee | 1 | $3,750 |
Todd Hlavaty Past President | Trustee | 1 | $3,750 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $426,145 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $580,332 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,006,477 |
| Total Program Service Revenue | $668,249 |
| Investment income | $193,914 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $136,272 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,004,912 |
| 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. | $214,300 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $529,597 |
| Pension plan accruals and contributions | $56,415 |
| Other employee benefits | $72,481 |
| Payroll taxes | $52,738 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $20,866 |
| Fees for services: Accounting | $19,139 |
| Fees for services: Lobbying | $53,100 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $38,249 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $97,611 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $88,973 |
| Travel | $9,199 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $14,568 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $28,604 |
| Insurance | $12,421 |
| All other expenses | $12,643 |
| Total functional expenses | $1,928,486 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $191,053 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $223,549 |
| 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 | $148,844 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $8,312,761 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $16,253 |
| Total assets | $8,892,460 |
| Accounts payable and accrued expenses | $196,218 |
| Grants payable | $0 |
| Deferred revenue | $735,688 |
| 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 | $931,906 |
| Net assets without donor restrictions | $7,960,554 |
| 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 | $8,892,460 |
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