Medical Society Of Sedgwick County
- Assets
- $1.6m
- Revenue
- $576.5k
- Investments
- $203.6k
- Employees
- 5
- Location
- Wichita, KS
- Founding
- Data as of
- 12/2022
- EIN
- 48-0410159
Organization Overview
Medical Society Of Sedgwick County is located in Wichita, KS. As of 12/2022, Medical Society Of Sedgwick County employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Medical Society Of Sedgwick County 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, Medical Society Of Sedgwick County generated $576.5k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.7%) each year. All expenses for the organization totaled $544.7k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (2.5%) per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE THE HIGHEST STANDARDS THROUGH ETHICAL MEDICAL PRACTICE, MED EDUCATION, RESEARCH AND COMMUNITY HEALTH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF THE MEDICAL SOCIETY OF SEDGWICK COUNTY, KANSAS PROVIDES FOR THE PROMOTION OF HEALTH CARE FOR THE LOCAL COMMUNITY. ACTIVE MEMBERSHIP IS APPROXIMATELY 1,321.
THE SOCIETY PUBLISHES AN ANNUAL MEMBERSHIP DIRECTORY THAT IS MADE AVAILABLE TO SOCIETY MEMBERS AND OTHER MEMBERS OF THE HEALTH CARE COMMUNITY TO FACILITATE COMMUNICATION AND REFERRALS AMONG THE MEDICAL COMMUNITY.
THE SOCIETY PROVIDES TO THE PUBLIC A MEDICAL REFERRAL SERVICE TO ASSIST POTENTIAL PATIENTS IN SELECTING A PHYSICIAN APPROPRIATE TO THE PATIENT'S NEEDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patricia Wyatt-Harris MD Past President | OfficerTrustee | 1 | $0 |
Laura Tatpati MD Secretary | OfficerTrustee | 1 | $0 |
David Norris MD Treasurer | OfficerTrustee | 1 | $0 |
Zachary Kuhlmann DO Member | Trustee | 1 | $0 |
Phillip Hagan MD Member | Trustee | 1 | $0 |
Jennifer Jackson MD Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $363,055 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $47,001 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $410,056 |
| Total Program Service Revenue | $46,871 |
| Investment income | $11,569 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $14,116 |
| Net Gain/Loss on Asset Sales | -$4,197 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$9,827 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $576,521 |
| 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. | $144,253 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $104,235 |
| Pension plan accruals and contributions | $19,136 |
| Other employee benefits | $2,704 |
| Payroll taxes | $13,918 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,538 |
| Advertising and promotion | $163 |
| Office expenses | $13,898 |
| Information technology | $15,648 |
| Royalties | $0 |
| Occupancy | $35,276 |
| Travel | $11,062 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $38,230 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $19,839 |
| Insurance | $30,450 |
| All other expenses | -$63,620 |
| Total functional expenses | $544,668 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $445,950 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $61,306 |
| 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 | $6,233 |
| Net Land, buildings, and equipment | $419,101 |
| Investments—publicly traded securities | $455,192 |
| Investments—other securities | $203,591 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,591,373 |
| Accounts payable and accrued expenses | $10,537 |
| Grants payable | $0 |
| Deferred revenue | $247,415 |
| 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 | $53,422 |
| Total liabilities | $311,374 |
| Net assets without donor restrictions | $1,279,999 |
| 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 | $1,591,373 |
Grants Awarded
Over the last fiscal year, Medical Society Of Sedgwick County has awarded $13,500 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
MEDICAL SERVICE BUREAU PURPOSE: GENERAL OPERATIONAL SUPPORT | $13,500 |