Broward County Medical Association Inc
- Assets
- $246.1k
- Revenue
- $159.5k
- Investments
- $0.0
- Employees
- 2
- Location
- Fort Lauderdale, FL
- Founding
- 10/2004
- Data as of
- 12/2022
- EIN
- 59-0834012
Organization Overview
Broward County Medical Association Inc is located in Fort Lauderdale, FL. The organization was established in 2004. According to its NTEE Classification (G90) the organization is classified as: Medical Disciplines, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. As of 12/2022, Broward County Medical Association Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Broward County Medical Association Inc 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, Broward County Medical Association Inc generated $159.5k 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 (8.2%) each year. All expenses for the organization totaled $236.6k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (3.9%) 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 AND PRESERVE THE HIGHEST STANDARDS OF MEDICAL CARE AND FOSTER THE ETHICAL PRINCIPLES OF THE MEDICAL PROFESSION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ASSOCIATION CONDUCTS EDUCATIONAL PROGRAMS AND SEMINARS TO PROVIDE CURRENT INFORMATION TO THE MEMBERSHIP.DURING 2022 THERE WERE MORE THAN FORTY SUCH EVENTS DURING THE YEAR INCLUDING MOST IN THE OFFICE OF THE ASSOCIATION.
THE ASSOCIATION MAINTAINS ITS WEBSITE AS AN ELECTRIC MEETING PLACE FOR ITS MEMBERS AND FOR RAPID DISSEMINATION OF INFORMATION ABOUT TODAY'S HEALTHCARE INDUSTRY AND ISSUES IMPACTING SOUTH FLORIDA'S PHYSICIANS AND THE COMMUNITY.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cynthia S Peterson CEO | Trustee | 48 | $100,000 |
Vania Fernandez MD President Elect | Trustee | 0.5 | $0 |
Shahnaz Fatteh MD Director | Trustee | 0.5 | $0 |
Kutty Chandran MD Director | Trustee | 0.5 | $0 |
Dana Wallace MD Director | Trustee | 0.5 | $0 |
Sanford Silverman MD Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $104,944 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $21,406 |
| 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 | $126,350 |
| Total Program Service Revenue | $0 |
| Investment income | $9,342 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,086 |
| Net Income from Fundraising Events | -$106 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $159,500 |
| 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. | $100,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $49,503 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $11,535 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,273 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,477 |
| Fees for services: Other | $6,238 |
| Advertising and promotion | $590 |
| Office expenses | $1,089 |
| Information technology | $6,019 |
| Royalties | $0 |
| Occupancy | $29,910 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $5,627 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,120 |
| All other expenses | $7,715 |
| Total functional expenses | $236,572 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $21,982 |
| Savings and temporary cash investments | $0 |
| 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 | $636 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $2,060 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $216,380 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,042 |
| Total assets | $246,100 |
| Accounts payable and accrued expenses | $19,107 |
| Grants payable | $0 |
| Deferred revenue | $101,391 |
| 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 | $129,650 |
| Total liabilities | $250,148 |
| Net assets without donor restrictions | -$4,048 |
| 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 | $246,100 |