Kansas Medical Society
- Assets
- $1.7m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 8
- Location
- Topeka, KS
- Founding
- 05/1938
- Data as of
- 12/2023
- EIN
- 48-0289660
Organization Overview
Kansas Medical Society is located in Topeka, KS. The organization was established in 1938. 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 12/2023, Kansas Medical Society employed 8 individuals. This organization is an itermediate organization (such as a geographic headquarters) for a national or regional group of organizations. Kansas 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 12/2023, Kansas Medical Society generated $2.0m in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (0.9%) each year. All expenses for the organization totaled $1.7m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (1.9%) per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
CULTIVATE, PROMOTE, AND DISSEMINATE KNOWLEDGE AND INFORMATION CONCERNING THE MEDICAL PROFESSION AND RELATED SUBJECTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTE THE MEDICAL PROFESSION THROUGH PROFESSIONAL MEETINGS, PUBLICATIONS, AND OTHER SERVICES TO THE MEDICAL COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Warner MD Trustee | Trustee | 1 | $0 |
Kevin Hoppock MD Trustee | Trustee | 1 | $0 |
Mark Brady MD President | OfficerTrustee | 8 | $44,483 |
Robert Gibbs MD Trustee | Trustee | 1 | $5,293 |
Ladona Schmidt MD Immediate Past President | OfficerTrustee | 1 | $6,440 |
Arthur Snow Jr MD Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $12,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $12,000 |
| Total Program Service Revenue | $1,265,538 |
| Investment income | $57,303 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $23,664 |
| Net Gain/Loss on Asset Sales | -$38,762 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,979,695 |
| 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. | $408,440 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $481,407 |
| Pension plan accruals and contributions | $7,662 |
| Other employee benefits | $96,249 |
| Payroll taxes | $51,403 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,594 |
| Fees for services: Accounting | $23,733 |
| Fees for services: Lobbying | $75,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $5,772 |
| Fees for services: Other | $161,837 |
| Advertising and promotion | $0 |
| Office expenses | $44,413 |
| Information technology | $35,175 |
| Royalties | $0 |
| Occupancy | $113,712 |
| Travel | $53,882 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $80,456 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $11,480 |
| All other expenses | $1,940 |
| Total functional expenses | $1,714,990 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $25,000 |
| Savings and temporary cash investments | $666,458 |
| 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 | $0 |
| Net Land, buildings, and equipment | $9,093 |
| Investments—publicly traded securities | $982,243 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,682,794 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $7,811 |
| Total liabilities | $7,811 |
| 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 | $1,674,983 |
| Total liabilities and net assets/fund balances | $1,682,794 |