Chelsea Medical Staff Tr
- Assets
- $336.2k
- Revenue
- $95.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Chelsea, MI
- Founding
- 12/2017
- Data as of
- 12/2021
- EIN
- 81-6214533
Organization Overview
Chelsea Medical Staff Tr is located in Chelsea, MI. The organization was established in 2017. 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. Chelsea Medical Staff Tr 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, Chelsea Medical Staff Tr generated $95.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (27.0%) each year. All expenses for the organization totaled $220.4k during the year ending 12/2021. 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
CHELSEA MEDICAL STAFF TRUST WAS FORMED BY MEMBERS OF THE MEDICAL STAFF OF SAINT JOSEPH MERCY CHELSEA TO PROMOTE EXCELLENCE IN THE MEDICAL PROFESSION AND TO IMPROVE THE QUALITY OF MEDICAL CARE AVAILABLE IN THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DUE TO CONTINUED PANDEMIC PRESSURES ON HOSPITALS AND MEDICAL STAFFS DURING 2021, THE MEDICAL STAFF TRUST HAS BEEN USED TO CREATE A RESPITE SPACE FOR PHYSICIANS. CHELSEA HOSPITAL HAS HISTORICALLY NOT HAD A PHYSICIANS LOUNGE. DURING THE LONG HOURS AND ISOLATION OF THE COVID REALITY, MANY OF OUR DOCTORS WERE WORKING LONG HOURS, COVERING FOR SICK COLLEAGUES AND SERVING IN AREAS IN THE COMMUNITY AND HOSPITAL IN MORE THAN JUST PHYSICIAN DUTIES. THE MEDICAL STAFF FUND WAS USED IN 2021 TO RENOVATE SPACE PROVIDED IN THE HOSPITAL FOR A NEW MEDICAL STAFF SERVICES SUITE. THIS SPACE OFFERS A PLACE TO SLEEP, FOOD, TRAINING AREA, DICTATION SPACE AND RECREATIONAL OPTIONS LIKE TV, POOL, ETC., AND WAS RECEIVED BY THE MEDICAL STAFF AS A TRUE BOOST TO MORALE DURING THE 4TH OR 5TH WAVE OF COVID TO HIT OUR HOSPITAL. THE TRUST ALSO MAINTAINED STIPENDS OF OUR MEDICAL STAFF LEADERS. NO DUES WERE COLLECTED FOR 2021.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephen M Wampler MD Chair | OfficerTrustee | 15 | $45,000 |
Andre King MD Board Member | Trustee | 5 | $18,000 |
Tarun Lama MD Board Member | Trustee | 5 | $18,000 |
Name Not Listed Trustee | 5 | $6,479 | |
Fazleomar Mahmood Board Member | Trustee | 5 | $5,250 |
Creg A Carpenter MD President | OfficerTrustee | 5 | $4,500 |
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 | $18,000 |
| Investment income | $13,361 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $63,957 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $95,318 |
| 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. | $118,979 |
| 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 | $6,000 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $887 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $20,000 |
| Advertising and promotion | $0 |
| Office expenses | $1,024 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $8,805 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $120 |
| Total functional expenses | $220,425 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| 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 | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $336,164 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $336,164 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $0 |
| 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 | $336,164 |
| Total liabilities and net assets/fund balances | $336,164 |
Peer Organizations
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|---|---|---|
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Association Of Equipment Manufacturers Milwaukee, WI | $65,690,987 | $35,929,615 |
International Foundation Of Employee Benefit Plans Inc Brookfield, WI | $45,052,685 | $24,056,813 |
Dane Buy Local Foundation Inc Madison, WI | $199,958 | $19,130,759 |
Leap Lansing, MI | $5,631,252 | $15,493,708 |
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