Dade County Medical Association
- Assets
- $3.8m
- Revenue
- $273.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Miami, FL
- Founding
- 02/2003
- Data as of
- 12/2022
- EIN
- 59-0555657
Organization Overview
Dade County Medical Association is located in Miami, FL. 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. Dade County 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 12/2022, Dade County Medical Association generated $273.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (3.9%) each year. All expenses for the organization totaled $438.6k during the year ending 12/2022. 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 AID MEMBER PHYSICIANS IN REMAINING CURRENT ON NEW DEVELOPMENTS IN MEDICAL, LEGAL AND ACCOUNTING ISSUES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PUBLICATIONS - THE ASSOCIATION PUBLISHES A WEEKLY E-NEWSLETTER WHICH IS DISTRIBUTED TO THE MEMBERS AND INCLUDES THE LATEST NEWS AS WELL AS MIAMI MEDICINE WHICH IS A QUARTERLY PUBLICATION THAT HIGHLIGHTS THE RESEARCH BEING CONDUCTED BY PHYSICIANS AND MEDICAL STUDENTS IN THE COMMUNITY.
CONTINUING MEDICAL EDUCATION - THE ASSOCIATION SPONSORS EDUCATIONAL SEMINARS FOR MEMBERS.
MEMBERSHIP SERVICES - THE DADE COUNTY MEDICAL ASSOCIATION HOSTED A RESEARCH COMPETITION FOR MEDICAL STUDENTS AND RESIDENTS TRAINING IN MIAMI-DADE COUNTY. THEY ALSO HOSTED THE PHYSICIAN LEADERSHIP ACADEMY WHICH PROVIDES A PLATFORM FOR EARLY CAREER PHYSICIANS TO ADVANCE THEIR CAREERS AND FURTHER DEVELOP LEADERSHIP SKILLS. OTHER SERVICES PROVIDED BY THE ORGANIZATION INCLUDE SUPPORT SERVICES AND INFORMATION ON INSURANCE AND REFERRALS. IN 2022 THEY ALSO HELPED FUND A HURRICANE RELIEF FUND THAT WAS ESTABLISHED BY LEE COUNTY MEDICAL SOCIETY IN ORDER TO PROVIDE ASSITANCE TO PHYSICIANS WHO WERE DISPLACED BY THE STORM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jose David Suarez MD President | OfficerTrustee | $0 | |
Rudolph Moise DO Immediate Pa | OfficerTrustee | $0 | |
Rafael Fernandez MD President El | OfficerTrustee | $0 | |
Carmel Barrau MD Vice-Preside | OfficerTrustee | $0 | |
Patricia Ares-Romero MD Secretary/tr | OfficerTrustee | $0 | |
Eugene Fu MD North Distri | Trustee | $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 | $224,413 |
| Investment income | $99,013 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$51,599 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $273,376 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $10,000 |
| 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 | $205,992 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,000 |
| Fees for services: Lobbying | $7,947 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $14,340 |
| Fees for services: Other | $750 |
| Advertising and promotion | $1,500 |
| Office expenses | $20,696 |
| Information technology | $140 |
| Royalties | $0 |
| Occupancy | $71,824 |
| Travel | $13,242 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $55,614 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,591 |
| Insurance | $6,646 |
| All other expenses | $872 |
| Total functional expenses | $438,584 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $36,751 |
| Savings and temporary cash investments | $1,153,252 |
| 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 | $3,255 |
| Net Land, buildings, and equipment | $1,147 |
| Investments—publicly traded securities | $2,641,213 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $8,990 |
| Total assets | $3,844,608 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $45,990 |
| 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 | $45,990 |
| Net assets without donor restrictions | $3,798,618 |
| 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 | $3,844,608 |