Louisiana State Medical Society
- Assets
- $4.2m
- Revenue
- $1.2m
- Investments
- $3.4k
- Employees
- 9
- Location
- Baton Rouge, LA
- Founding
- 01/1948
- Data as of
- 12/2023
- EIN
- 72-0386637
Organization Overview
Louisiana State Medical Society is located in Baton Rouge, LA. The organization was established in 1948. 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 12/2023, Louisiana State Medical Society employed 9 individuals. This organization is the central organization for a national or regional group of organizations. Louisiana State Medical 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, Louisiana State Medical Society generated $1.2m in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (2.3%) each year. All expenses for the organization totaled $1.5m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (0.6%) per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE SOCIETY'S EXEMPT PURPOSE IS TO EXTEND MEDICAL KNOWLEDGE, ADVANCE MEDICAL SCIENCE, ELEVATE THE STANDARDS OF MEDICAL EDUCATION AND TRAINING, ENFORCE JUST MEDICAL LAWS AND REGULATIONS, PROMOTE DIALOGUE AND COOPERATION AMONG PHYSICIANS AND TO INFORM THE PUBLIC ABOUT ISSUES AFFECTING THE DELIVERY OF MEDICAL CARE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ANNUAL MEETING IS HELD FOR MEMBERS TO DISCUSS ISSUES RELATED TO THE MEDICAL PROFESSION AND DELIVERY OF MEDICAL CARE.
THE SOCIETY PUBLISHES A MEMBERSHIP DIRECTORY THAT IS DISTRIBUTED TO MEDICAL PROFESSIONSALS STATEWIDE.
MEMBER COMMUNICATION IS ACCOMPLISHED MAINLY THROUGH THE THE BIMONTHLY NEWSLETTER PROVIDED BY THE SOCIETY AND OTHER CAPSULE COMMUNICATIONS PROVIDED VIA THE INTERNET.
THE SOCIETY COVERS THE EXPENSES INCURRED BY SELECTED DELAGATES ATTENDING AMA MEETINGS AND FUNCTIONS AS REPRESENTATIVES OF THE LOUISIANA SOCIETY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeffery Williams Executive Vi | Officer | 40 | $185,288 |
Maria Bowen Vice Preside | 40 | $167,250 | |
Lauren Bailey Vice Preside | 40 | $143,004 | |
Allen Vander MD Director | Trustee | 1 | $0 |
Amberly Nunez MD Secretary-Tr | Trustee | 3 | $0 |
Andy Blalock MD Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $897,983 |
| 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 | $897,983 |
| Total Program Service Revenue | $314,753 |
| Investment income | $23,433 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$389 |
| 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 | $1,235,780 |
| 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 | $1,083,182 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $3,004 |
| Information technology | $35,040 |
| Royalties | $0 |
| Occupancy | $78,963 |
| Travel | $25,380 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $71,551 |
| Interest | $3,144 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,566 |
| Insurance | $8,496 |
| All other expenses | $47,452 |
| Total functional expenses | $1,528,842 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $59,472 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $287,094 |
| 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 | $3,749 |
| Net Land, buildings, and equipment | $19,225 |
| Investments—publicly traded securities | $3,228,961 |
| Investments—other securities | $3,378 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $629,213 |
| Total assets | $4,231,092 |
| Accounts payable and accrued expenses | $65,708 |
| Grants payable | $0 |
| Deferred revenue | $194,176 |
| 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 | $773,709 |
| Total liabilities | $1,033,593 |
| Net assets without donor restrictions | $3,197,499 |
| 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 | $4,231,092 |