Medical & Chirurgical Faculty Of Maryland
- Assets
- $16.9m
- Revenue
- $5.8m
- Investments
- $441.6k
- Employees
- 69
- Location
- Baltimore, MD
- Founding
- 05/1947
- Data as of
- 12/2021
- EIN
- 52-0410730
Organization Overview
Medical & Chirurgical Faculty Of Maryland, operating under the name Medchi The Maryland State Medical S, is located in Baltimore, MD. The organization was established in 1947. 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 12/2021, Medchi The Maryland State Medical S employed 69 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Medchi The Maryland State Medical S 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, Medchi The Maryland State Medical S generated $5.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.0% each year. All expenses for the organization totaled $4.5m during the year ending 12/2021. While expenses have increased by 2.0% 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 GOAL IS TO FURTHER THE EDUCATION OF MEMBERS OF THE MEDICAL PROFESSION THROUGH CONFERENCES, MEETINGS, PUBLICATIONS AND VARIOUS PROGRAM OUTREACH ACTIVITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATIONS MEMBERSHIP SERVICES PROGRAM ENCOMPASSES ITS GENERAL ACTIVITIES AIMED AT EXTENDING MEDICAL KNOWLEDGE AMONG PHYSICIANS AND THE PUBLIC; MAINTAINING AND ELEVATING THE STANDARDS OF MEDICAL EDUCATION AND MEDICAL ETHICS; SECURING THE ENACTMENT OF JUST LAWS RELATING TO THE PRACTICE OF MEDICINE AND THE HEALTH OF THE PUBLIC; AND PROMOTING FRIENDLY RELATIONS AMONG PHYSICIANS. INCLUDED IN THESE ACTIVITIES ARE GENERAL ACTIVITIES THAT AID THE ORGANIZATION IN SERVING AS AN ADVOCATE FOR PATIENTS BY PROMOTING ACCESS TO APPROPRIATE, AFFORDABLE QUALITY MEDICAL CARE AND AS THE RESOURCE AND SPOKESPERSON FOR MEDICINE IN MARYLAND.
THE MEDICAL PRACTICE TRANSFORMATION PROGRAM HELPS PHYSICIANS NAVIGATE THROUGH THE CHANGING HEALTHCARE LANDSCAPE. THE MAIN CONTRACT IS WITH CENTER FOR MEDICAID AND MEDICARE SERVICES. CARE TEAMS ARE DEPLOYED TO FURNISH CARE COORDINATION SERVICES TO THE MARYLAND PRIMARY CARE PROGRAM BENEFICIARIES TO HELP THE MDPCP MEET CARE TRANSFORMATION REQUIREMENTS.
THE PUBLIC HEALTH PROGRAM EXTENDS PRACTICE KNOWLEDGE AMONG PHYSICIANS AND HEALTH KNOWLEDGE TO THE PUBLIC THAT IMPROVES QUALITY OF CARE AND HEALTH, BY CONDUCTING SPECIFIC ACTIVITIES IN EXCHANGE FOR ASSETS RECEIVED FROM GRANTORS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gene M Ransom III Chief Executive Officer | OfficerTrustee | 40 | $267,570 |
Debra C Sciabarrasi Chief Operating Officer | 40 | $150,576 | |
Shannon P Pryor MD Immediate Past President | Trustee | 5 | $33,350 |
Loralie D MA MD President | OfficerTrustee | 5 | $15,000 |
Michele Manahan MD Trustee | Trustee | 2 | $8,333 |
Padamini Ranasinghe MD Treasurer | OfficerTrustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Domenic Petrucci Contractor Construction | 12/30/21 | $129,280 |
Schwartz Metz & Wise Pa Lobbyist | 12/30/21 | $295,327 |
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 | $200,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $200,000 |
| Total Program Service Revenue | $4,229,469 |
| Investment income | $159,310 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $118,857 |
| Net Gain/Loss on Asset Sales | $679,082 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,831,865 |
| 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. | $534,087 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,585,583 |
| Pension plan accruals and contributions | $70,984 |
| Other employee benefits | $240,503 |
| Payroll taxes | $160,024 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $8,470 |
| Fees for services: Accounting | $21,467 |
| Fees for services: Lobbying | $320,239 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $82,079 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $21,690 |
| Information technology | $11,175 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $19,284 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $39,229 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $100,626 |
| Insurance | $70,519 |
| All other expenses | $323,952 |
| Total functional expenses | $4,492,814 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,612,603 |
| Pledges and grants receivable | $116,400 |
| Accounts receivable, net | $480,482 |
| 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 | $188,869 |
| Net Land, buildings, and equipment | $701,996 |
| Investments—publicly traded securities | $9,112,542 |
| Investments—other securities | $441,559 |
| Investments—program-related | $0 |
| Intangible assets | $10,130 |
| Other assets | $3,237,288 |
| Total assets | $16,901,869 |
| Accounts payable and accrued expenses | $1,102,686 |
| Grants payable | $0 |
| Deferred revenue | $469,377 |
| 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 | $11,832 |
| Total liabilities | $1,583,895 |
| Net assets without donor restrictions | $5,074,446 |
| Net assets with donor restrictions | $10,243,528 |
| 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 | $16,901,869 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Medical & Chirurgical Faculty Of Maryland has recieved totaling $299,884.
| Awarding Organization | Amount |
|---|---|
Horizon Foundation Of Howard County Inc Columbia, MD PURPOSE: DIABETES PREVENTION THROUGH SUGARY DRINK POLICIES | $125,000 |
American Heart Association Inc Dallas, TX PURPOSE: SUGARY DRINK TAX ADVOCACY | $99,884 |
Horizon Foundation Of Howard County Inc Columbia, MD PURPOSE: THE MARYLAND HONORING CHOICES COALITION | $75,000 |
Endowment Analysis
| Beg. Balance | $9,213,938 |
| Earnings | $1,011,864 |
| Other Expense | $308,913 |
| Ending Balance | $9,916,889 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Drug Information Association Inc Washington, DC | $19,738,468 | $18,905,794 |
Hospital & Healthsystem Association Of Pennsylvania Inc Harrisburg, PA | $39,402,736 | $15,435,491 |
Community Health Accreditation Program Inc Arlington, VA | $22,682,316 | $18,320,268 |
Plasma Protein Therapeutics Association Annapolis, MD | $7,828,244 | $13,003,501 |
American Podiatric Medical Assoc Bethesda, MD | $21,176,179 | $13,540,711 |
Association Of Womens Health Obstetric And Neonatal Nurses Washington, DC | $13,892,759 | $13,409,366 |
Maryland Hospital Association Incorporated Elkridge, MD | $38,009,436 | $21,113,999 |
American Health Law Association Washington, DC | $23,085,368 | $9,214,718 |
Parenteral Drug Association Inc Bethesda, MD | $14,078,226 | $8,044,773 |
National Pharmaceutical Council Inc Washington, DC | $24,620,287 | $8,284,643 |
Pennsylvania Medical Society Mechanicsburg, PA | $213,365,446 | $23,943,781 |
Rtog Foundation Inc Philadelphia, PA | $10,342,373 | $6,561,535 |