Harris County Medical Society
- Assets
- $22.4m
- Revenue
- $3.8m
- Investments
- $1.0k
- Employees
- 43
- Location
- Houston, TX
- Founding
- 09/1950
- Data as of
- 12/2021
- EIN
- 74-1148423
Organization Overview
Harris County Medical Society is located in Houston, TX. The organization was established in 1950. 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 12/2021, Harris County Medical Society employed 43 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Harris County 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 12/2021, Harris County Medical Society generated $3.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.3% each year. All expenses for the organization totaled $2.2m during the year ending 12/2021. While expenses have increased by 1.7% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
HARRIS COUNTY MEDICAL SOCIETY SERVES AS A PROFESSIONAL ORGANIZATION FOR OVER 12,200 PHYSICIANS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO BRING INTO ONE ORGANIZATION THE PHYSICIANS OF HARRIS COUNTY TO PROMOTE AND MAINTAIN A HIGH STANDARD OF ETHICAL MEDICAL PRACTICES; TO PROMOTE MEDICAL EDUCATION, RESEARCH AND CONTINUING EDUCATION; AND TO WORK AT ALL LEVELS OF THE COMMUNITY TO ADVANCE QUALITY HEALTH STANDARDS AND PRACTICES, AND THUS; TO IMPROVE THE OVERALL HEALTH OF THE COMMUNITY THROUGH HEALTH EDUCATION AND PUBLIC SERVICE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
R Gregory Bernica Exec. Vp/ceo | Officer | 25 | $170,000 |
Douglas Abel VP Public Affairs & Communications | 35 | $156,195 | |
Ahuva Terk VP Member Services | 35 | $135,520 | |
Cheryll A Miller VP Of Accounting And It | Officer | 25 | $117,930 |
Mani Kishore Sharma VP Of Business Of Medicine | 15 | $104,318 | |
Gary J Sheppard MD President | OfficerTrustee | 14.5 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $1,741,800 |
| Investment income | $641,050 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,399,849 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,782,699 |
| 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. | $356,708 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,012,942 |
| Pension plan accruals and contributions | $79,657 |
| Other employee benefits | $213,173 |
| Payroll taxes | $129,116 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $17,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $35,332 |
| Fees for services: Other | $0 |
| Advertising and promotion | $4,014 |
| Office expenses | $56,299 |
| Information technology | $24,656 |
| Royalties | $0 |
| Occupancy | $171,622 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $22,579 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,068 |
| Insurance | $5,428 |
| All other expenses | $0 |
| Total functional expenses | $2,201,396 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $428,956 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $105,126 |
| 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 | $10,708 |
| Net Land, buildings, and equipment | $21,926 |
| Investments—publicly traded securities | $21,847,164 |
| Investments—other securities | $1,000 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $22,414,880 |
| Accounts payable and accrued expenses | $92,977 |
| Grants payable | $0 |
| Deferred revenue | $957,483 |
| 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 | $1,050,460 |
| Net assets without donor restrictions | $21,364,420 |
| 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 | $22,414,880 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Harris County Medical Society has recieved totaling $5,500.
| Awarding Organization | Amount |
|---|---|
Texas Medical Association Austin, TX PURPOSE: PROGRAM SUPPORT | $5,500 |
Endowment Analysis
| Beg. Balance | $10,658,345 |
| Earnings | $1,897,062 |
| Other Expense | $306,668 |
| Ending Balance | $12,248,739 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Whole Health Institute And Chopra Library Bentonville, AR | $611,418,870 | $256,773,632 |
American Board Of Otolaryngology Inc Houston, TX | $20,175,383 | $4,989,123 |
Emergency Medicine Residents Association Dallas, TX | $6,413,964 | $3,106,617 |
Harris County Medical Society Houston, TX | $22,414,880 | $3,782,699 |
Dallas County Dental Society Dallas, TX | $6,179,833 | $1,349,613 |
New Mexico Medical Society Albuquerque, NM | $2,382,058 | $1,234,504 |
Oklahoma Dental Association Oklahoma City, OK | $2,812,606 | $1,176,462 |
Bexar County Medical Society San Antonio, TX | $5,394,057 | $1,311,845 |
Texas Podiatric Medical Association Colleyville, TX | $2,631,652 | $995,706 |
Texas Chiropractic Association Inc Austin, TX | $1,108,639 | $1,108,627 |
Oklahoma Osteopathic Association Oklahoma City, OK | $1,129,754 | $1,011,691 |
Greater Houston Dental Society Houston, TX | $760,097 | $733,135 |