Colorado Medical Society
- Assets
- $4.0m
- Revenue
- $2.9m
- Investments
- $179.3k
- Employees
- 16
- Location
- Denver, CO
- Founding
- 03/1947
- Data as of
- 09/2023
- EIN
- 84-0174440
Organization Overview
Colorado Medical Society is located in Denver, CO. The organization was established in 1947. 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 09/2023, Colorado Medical Society employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Colorado 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 09/2023, Colorado Medical Society generated $2.9m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.0%) each year. All expenses for the organization totaled $2.8m during the year ending 09/2023. As we would expect to see with falling revenues, expenses have declined by (1.6%) per year over the past 8 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 PURPOSE OF THE ORGANIZATION IS TO PROMOTE THE SCIENCE AND ART OF MEDICINE, THE BETTERMENT OF PUBLIC HEALTH, THE WELFARE OF THE MEDICAL PROFESSION AND THE PATIENTS IT SERVES, AND TO PROMOTE THE SIMILAR INTERESTS OF ITS COMPONENT COUNTY AND DISTRICT MEDICAL SOCIETIES. THE SOCIETY'S MEMBERS ARE LOCATED IN THE STATE OF COLORADO AND THE MAJORITY OF ITS REVENUES ARE DERIVED FROM MEMBERSHIP DUES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PHYSICIAN SERVICES: COUNCILS, COMMITTEES AND ACTIVITIES DEDICATED TO ADVOCATING EXCELLENCE IN THE PROFESSION OF MEDICINE AND IN THE PROVISION OF MEDICAL CARE.
PUBLICATIONS: COMMUNICATION AMONG MEMBERS, STAFF AND THE COMMUNITY THROUGH OFFICIAL HOUSE ORGANS AND ANCILLARY MATERIALS. MEETINGS: ACTIVITIES RELATED TO CONDUCTING THE POLICY AND LEADERSHIP FUNCTIONS OF THE SOCIETY. CONTRIBUTIONS TO THE COLORADO MEDICAL SOCIETY FOUNDATION TO ASSIST THE FOUNDATION IN BETTER SERVING THE MEDICALLY UNDERPRIVILEGED.
MEMBER SERVICES: ACTIVITIES DEDICATED TO THE RECRUITMENT, RETENTION AND SUPPORT OF NEW AND PRESENT MEMBERS.
GOVERNMENT AFFAIRS: COUNCILS, COMMITTEES, AND ACTIVITIES DEDICATED TO REPRESENTING ORGANIZED MEDICINE AT THE FEDERAL, STATE AND LOCAL LEGISLATIVE LEVEL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patrick Pevoto MD President | OfficerTrustee | 1 | $0 |
Omar Mubarak MD President El | OfficerTrustee | 1 | $0 |
Mark Johnson MD Past Preside | OfficerTrustee | 1 | $0 |
Hap Young MD Treasurer | OfficerTrustee | 1 | $0 |
Kim Warner MD Director | Trustee | 1 | $0 |
Brittany Carver DO Director | Trustee | 1 | $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 | $17,300 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $17,300 |
| Total Program Service Revenue | $2,771,440 |
| Investment income | $13,868 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $49,278 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,857,494 |
| 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. | $284,429 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $938,049 |
| Pension plan accruals and contributions | $93,565 |
| Other employee benefits | $148,992 |
| Payroll taxes | $102,977 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $33,706 |
| Fees for services: Accounting | $14,201 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $20,488 |
| Fees for services: Other | $381,940 |
| Advertising and promotion | $4,346 |
| Office expenses | $78,401 |
| Information technology | $55,129 |
| Royalties | $0 |
| Occupancy | $231,148 |
| Travel | $101,454 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $79,019 |
| Interest | $4 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $10,688 |
| All other expenses | $40,512 |
| Total functional expenses | $2,787,207 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $325,456 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $117,667 |
| 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 | $7,625 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $3,342,625 |
| Investments—other securities | $179,281 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $27,982 |
| Total assets | $4,000,636 |
| Accounts payable and accrued expenses | $636,801 |
| Grants payable | $0 |
| Deferred revenue | $795,887 |
| 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 | $69,728 |
| Total liabilities | $1,502,416 |
| Net assets without donor restrictions | $2,498,220 |
| 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 | $4,000,636 |