Washoe County Medical Society Inc
- Assets
- $383.0k
- Revenue
- $242.7k
- Investments
- $0.0
- Employees
- 2
- Location
- Reno, NV
- Founding
- 05/1963
- Data as of
- 09/2023
- EIN
- 88-6002042
Organization Overview
Washoe County Medical Society Inc is located in Reno, NV. The organization was established in 1963. 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, Washoe County Medical Society Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Washoe County Medical Society Inc 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, Washoe County Medical Society Inc generated $242.7k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 2.3% each year. All expenses for the organization totaled $241.4k during the year ending 09/2023. While expenses have increased by 0.6% per year over the past 4 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
WE ARE A PROFESSIONAL CORPORATION ORGANIZED TO PROVIDE AND PROMOTE ADVOCACY FOR PHYSICIANS AND PATIENTS AND PROMOTE THE ART AND SCIENCE OF MEDICINE AND PUBLIC HEALTH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ASSOC. HOLDS MEETINGS ON VARIOUS RELEVANT TOPICS AND PROVIDES SOCIAL EVENTS TO IMPROVE NETWORKING OPPORTUNITIES AMONG DOCTORS. THIS ALSO ASSISTS THE COMMUNITY BY PROVIDING REFERRALS OF QUALIFIED DOCTORS. THE MEETINGS ALSO SERVE TO EDUCATE DOCTORS AND IMPROVE THE GENERAL QUALITY OF CARE IN THE PROFESSION.
A NEWSLETTER IS PREPARED TO INFORM MEMBERS OF DEVELOPMENTS IN THE PROFESSION AND TO DISCUSS AREAS OF INTEREST TO DOCTORS. ADDITIONALLY, A DIRECTORY IS PREPARED TO PROVIDE INFORMATION TO THE MEMBERS AND TO THE PUBLIC OF DOCTORS HOLDING MEMBERSHIP IN THE ORGANIZATION.
THE ORGANIZATION HAS AN AUXILIARY MEMBERSHIP WHICH DISSEMINATES HEALTH RELATED INFORMATION TO IMPROVE THE COMMUNITY AND PROVIDE VISIBILTY FOR THE ORGANIZATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bayo Curry-Winchell MD President | OfficerTrustee | 2.3 | $0 |
Daniel Spogen MD President -Elect | OfficerTrustee | 1.15 | $0 |
John Hardwick MD Secretary/treasurer | OfficerTrustee | 0.77 | $0 |
Shaina Richardson MD Immed. Past Pres. | OfficerTrustee | 0.77 | $0 |
Ron Smith MD Delegatation Chairperson | Trustee | 1.92 | $0 |
Mariko Rajamand MD Director | Trustee | 0.38 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $148,620 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,766 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $154,386 |
| Total Program Service Revenue | $77,572 |
| Investment income | $7,519 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,256 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $242,733 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,930 |
| 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 | $86,626 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $8,067 |
| Fees for services: Management | $23,928 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,156 |
| 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 | $14,535 |
| Information technology | $483 |
| Royalties | $0 |
| Occupancy | $24,339 |
| Travel | $1,627 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $59,883 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,355 |
| Insurance | $2,959 |
| All other expenses | $0 |
| Total functional expenses | $241,355 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,654 |
| Savings and temporary cash investments | $66,716 |
| 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 | $1,198 |
| Investments—publicly traded securities | $307,866 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,614 |
| Total assets | $383,048 |
| Accounts payable and accrued expenses | $120 |
| 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 | $120 |
| Net assets without donor restrictions | $382,928 |
| 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 | $383,048 |