Riverside County Medical Association
- Assets
- $2.7m
- Revenue
- $993.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Riverside, CA
- Founding
- 09/1949
- Data as of
- 12/2023
- EIN
- 95-1596515
Organization Overview
Riverside County Medical Association is located in Riverside, CA. The organization was established in 1949. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Riverside County Medical Association 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 12/2023, Riverside County Medical Association generated $993.6k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 0.5% each year. All expenses for the organization totaled $808.1k during the year ending 12/2023. 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 THIS ASSOCIATION IS TO PROMOTE THE SCIENCE AND ART OF MEDICINE, THE CARE AND WELL-BEING OF PATIENTS, THE PROTECTION OF THE PUBLIC HEALTH, AND THE BETTERMENT OF THE MEDICAL PROFESSION; TO COOPERATE WITH ORGANIZATIONS OF LIKE PURPOSES; AND TO UNITE WITH SIMILAR SOCIETIES IN THE STATE OF CALIFORNIA AS COMPONENT SOCIETIES OF THE CALIFORNIA MEDICAL ASSOCIATION, HEREINAFTER "CMA."
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDES NUMEROUS EDUCATIONAL TRAININGS TO PHYSICIANS AND THEIR STAFF THROUGHOUT THE YEAR BY ARRANGING PRESENTERS, PROCESSING ATTENDEES REGISTRATION/COLLECTION FEES AND ARRANGING MEALS.
HOLDS TWO CONTINUING MEDICAL EDUCATION PROGRAMS FOR PHYSICIANS AND WORKS WITH A THIRD PARTY TO ISSUE CME CERTIFICATION FOR ATTENDANCE AND PARTICIPATION
BRINGS BUSINESS PARTNERS TOGETHER TO OFFER SPECIAL SERVICES OR DISCOUNTS TO RCMA MEMBERS ON VARIOUS PRODUCTS AND SERVICES DESIGNED TO ACCOMMODATE THE BUSINESS NEEDS OF PHYSICIANS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bakhtiar Ahmad MD Councilor | Trustee | 1 | $0 |
Alexandra Clark MD Councilor | Trustee | 1 | $0 |
Raymund Cordero MD Councilor | Trustee | 1 | $0 |
Ramesh Karody MD Councilor | Trustee | 1 | $0 |
Shawn Couture MD Councilor | Trustee | 1 | $0 |
James Washington MD Councilor | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $396,125 |
| 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 | $396,125 |
| Total Program Service Revenue | $603,476 |
| Investment income | $54,081 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$51,504 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$12,582 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $993,614 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $584,533 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $8,340 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $17,705 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $10,440 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $28,340 |
| Information technology | $10,123 |
| Royalties | $0 |
| Occupancy | $29,473 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $94,600 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,295 |
| Insurance | $17,875 |
| All other expenses | $0 |
| Total functional expenses | $808,104 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,498 |
| Savings and temporary cash investments | $478,078 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $154,036 |
| 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 | $38,680 |
| Net Land, buildings, and equipment | $3,713 |
| Investments—publicly traded securities | $1,930,508 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $124,995 |
| Total assets | $2,740,508 |
| Accounts payable and accrued expenses | $83,398 |
| Grants payable | $0 |
| Deferred revenue | $215,177 |
| 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 | $298,575 |
| Net assets without donor restrictions | $2,441,933 |
| 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 | $2,740,508 |