Southern Medical Association
- Assets
- $5.9m
- Revenue
- $1.1m
- Investments
- $5.6m
- Employees
- 13
- Location
- Birmingham, AL
- Founding
- 03/1940
- Data as of
- 06/2023
- EIN
- 63-0196615
Organization Overview
Southern Medical Association is located in Birmingham, AL. The organization was established in 1940. 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 06/2023, Southern Medical Association employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Southern Medical Association is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2023, Southern Medical Association generated $1.1m 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 (8.3%) each year. All expenses for the organization totaled $1.2m during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (7.2%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE SOUTHERN MEDICAL ASSOCIATION WAS FOUNDED IN 1906 AS A SCIENTIFIC BODY OF PHYSICIANS DEDICATED TO FOSTERING THE ART AND SCIENCE OF MEDICINE THROUGH EDUCATION. SMA MEMBERS' COMMITMENT TO MULTIDISCIPLINARY, INTERPROFESSIONAL EDUCATION HAS ENDURED FOR OVER 100 YEARS. SINCE THAT TIME, MEMBERS HAVE SUPPORTED SMA'S MISSION THROUGH MEMBERSHIP, DONATIONS, PUBLISHING, SPEAKING, OR DIRECTING EDUCATIONAL PROGRAMMING. THIS SUPPORT HAS BEEN USED TO CREATE THOUSANDS OF HOURS OF EDUCATION, THE PUBLICATION OF MORE THAN 46,000 SCIENTIFIC PEER-REVIEWED JOURNAL ARTICLES IN THE SOUTHERN MEDICAL JOURNAL, AND GIVEN MORE THAN $3.5 MILLION IN FINANCIAL SUPPORT THROUGH SCIENTIFIC RESEARCH GRANTS, LOANS, AND SCHOLARSHIPS.
Describe the Organization's Program Activity:
THE ORGANIZATION IS ACCREDITED BY THE ACCREDITATION COUNCIL FOR CONTINUING MEDICAL EDUCATION TO PROVIDE CONTINUING MEDICAL EDUCATION (CME) TO INDIVIDUALS IN THE MEDICAL PROFESSION. THE ORGANIZATION HOSTS LIVE MEETINGS, ON-LINE COURSES, AND CUSTOMIZED CME TO MEET INDIVIDUAL'S EDUCATION NEEDS. SMA ALSO OFFERS MOC OPTIONS FOR ACQUIRING NEEDED MOC POINTS.
THE ORGANIZATION PUBLISHES THE SOUTHERN MEDICAL JOURNAL, AN OFFICIAL, PEER-REVIEWED JOURNAL. THE JOURNAL HAS A MULTIDISCIPLINARY AND INTER-PROFESSIONAL FOCUS THAT COVERS A BROAD RANGE OF TOPICS RELEVANT TO PHYSICIANS AND OTHER HEALTHCARE SPECIALISTS, INCLUDING MEDICINE; SURGERY; WOMEN'S AND CHILDREN'S HEALTH; MENTAL HEALTH; EMERGENCY AND DISASTER MEDICINE; PUBLIC HEALTH AND ENVIRONMENTAL MEDICINE; BIOETHICS AND MEDICAL EDUCATION; AND QUALITY HEALTH CARE, PATIENT SAFETY, AND BEST PRACTICES. THERE HAVE BEEN MORE THAN 46,000 SCIENTIFIC PEER-REVIEWED ARTICLES PRINTED IN THE JOURNAL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christopher Morris MD Past-President | Trustee | 5 | $0 |
Donna Breen MD Immediate Past-President | Trustee | 5 | $0 |
Stuart Goodman MD Board Member | Trustee | 5 | $0 |
Christopher Jackson MD President-Elect | Trustee | 5 | $0 |
Errington Thompson MD Board Member | Trustee | 5 | $0 |
Lawrence Carter MD President | Trustee | 5 | $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 | $28,141 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $28,141 |
| Total Program Service Revenue | $593,697 |
| Investment income | $91,453 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $44,556 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $383,220 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,143,975 |
| 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. | $98,588 |
| Compensation of current officers, directors, key employees. | $14,591 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $442,804 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $37,792 |
| Payroll taxes | $40,861 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $485 |
| Fees for services: Accounting | $25,744 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,750 |
| Advertising and promotion | $57,239 |
| Office expenses | $23,591 |
| Information technology | $9,731 |
| Royalties | $0 |
| Occupancy | $25,820 |
| Travel | $82,705 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $225 |
| Interest | $18,294 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $10,165 |
| All other expenses | $51,387 |
| Total functional expenses | $1,170,750 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $61,178 |
| Savings and temporary cash investments | $63,072 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $34,864 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $49,370 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $13,169 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $5,628,793 |
| Investments—program-related | $0 |
| Intangible assets | $78,462 |
| Other assets | $3,000 |
| Total assets | $5,931,908 |
| Accounts payable and accrued expenses | $400,701 |
| Grants payable | $0 |
| Deferred revenue | $284,344 |
| 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 | $420,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $79,236 |
| Total liabilities | $1,184,281 |
| Net assets without donor restrictions | $3,618,160 |
| Net assets with donor restrictions | $1,129,467 |
| 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 | $5,931,908 |