Wyoming Medical Society
- Assets
- $1.2m
- Revenue
- $585.0k
- Investments
- $0.0
- Employees
- 3
- Location
- Cheyenne, WY
- Founding
- 06/1954
- Data as of
- 12/2022
- EIN
- 83-0164457
Organization Overview
Wyoming Medical Society is located in Cheyenne, WY. The organization was established in 1954. 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 12/2022, Wyoming Medical Society employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wyoming 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 12/2022, Wyoming Medical Society generated $585.0k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.1% each year. All expenses for the organization totaled $593.8k during the year ending 12/2022. While expenses have increased by 1.4% per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE THE WELFARE OF THE MEDICAL PROFESSION AND THE SIMILAR INTEREST OF ITS COMPONENT COUNTY, DISTRICT NATIONAL MEDICAL SOCIETIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTE THE WELFARE OF THE MEDICAL PROFESSION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Wheeler MD Past President | OfficerTrustee | 1 | $0 |
Jasper J Chen MD President | OfficerTrustee | 1 | $0 |
Kris Schamber MD Vice President | OfficerTrustee | 1 | $0 |
Spencer Weston MD Sec./treasurer | OfficerTrustee | 1 | $0 |
Matt Mitchell MD Open Trustee | OfficerTrustee | 1 | $0 |
Stephen Brown MD Ama Delegate | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $218,224 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $10,500 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $228,724 |
| Total Program Service Revenue | $246,490 |
| Investment income | $11,193 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $8,797 |
| 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 | $585,042 |
| 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. | $123,118 |
| Compensation of current officers, directors, key employees. | $4,925 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $133,152 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $33,435 |
| Payroll taxes | $21,156 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $15,117 |
| Advertising and promotion | $0 |
| Office expenses | $22,632 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $36,537 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $6,241 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $20,035 |
| Insurance | $0 |
| All other expenses | $4,812 |
| Total functional expenses | $593,796 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $369,210 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $9,218 |
| 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 | $19,860 |
| Net Land, buildings, and equipment | $341,628 |
| Investments—publicly traded securities | $424,661 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $30,450 |
| Other assets | $2,500 |
| Total assets | $1,197,527 |
| Accounts payable and accrued expenses | $49,575 |
| Grants payable | $0 |
| Deferred revenue | $133,833 |
| 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 | $150,411 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $59,024 |
| Total liabilities | $392,843 |
| Net assets without donor restrictions | $804,684 |
| 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 | $1,197,527 |