Illinois Medical Oncology Society
- Assets
- $828.5k
- Revenue
- $301.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Severna Park, MD
- Founding
- 07/2003
- Data as of
- 12/2023
- EIN
- 56-2367853
Organization Overview
Illinois Medical Oncology Society is located in Severna Park, MD. The organization was established in 2003. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Illinois Medical Oncology 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, Illinois Medical Oncology Society generated $301.7k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.4% each year. All expenses for the organization totaled $203.3k during the year ending 12/2023. While expenses have increased by 2.1% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE ADVOCACY FOR CANCER PATIENTS AND TO PROMOTE STANDARDS OF EXCELLENCE FOR HIGH-QUALITY CANCER CARE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ILLINOIS MEDICAL ONCOLOGY SOCIETY ("IMOS") WORKS AS A LIAISON BETWEEN ONCOLOGY PROVIDERS, STATE AND FEDERAL LAWMAKERS, CORPORATE MEMBERS AND THE INSURANCE INDUSTRY. IMOS IS AN INCLUSIVE REPRESENTATIVE BODY OF ALL CANCER CARE PROVIDERS IN THE STATE OF ILLINOIS. WHETHER IT IS IN THE FORM OF EDUCATIONAL MEETINGS OR WEB-BASED RESOURCES, IMOS STRIVES TO CREATE EFFECTIVE METHODS TO FACILITATE EDUCATION, ADVOCACY, COMMUNICATION AND A SENSE OF COMMUNITY AMONG ITS INTERDISCIPLINARY MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gary Macvicar MD President/ Chair | OfficerTrustee | 1 | $0 |
Sujay Karvekar MBA Secretary/treasurer | OfficerTrustee | 1 | $0 |
Joseph J Kash MD Immediate Past President | OfficerTrustee | 1 | $0 |
Rose Batiste Apn Board Member | Trustee | 1 | $0 |
Robert A Bayer MD Board Member | Trustee | 1 | $0 |
Sunandana Chandra MD Board Member | 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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $290,350 |
| Investment income | $11,374 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $301,724 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $79,688 |
| Fees for services: Legal | $78 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $25,307 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $4,920 |
| Fees for services: Other | $37,300 |
| Advertising and promotion | $3,236 |
| Office expenses | $2,600 |
| Information technology | $4,900 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,948 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $42,883 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $425 |
| All other expenses | $13 |
| Total functional expenses | $203,298 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $94,737 |
| Savings and temporary cash investments | $91,371 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $64,055 |
| 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 | $0 |
| Investments—publicly traded securities | $578,329 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $828,492 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $828,492 |
| 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 | $828,492 |