Vermont Medical Society
- Assets
- $3.7m
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 6
- Location
- Montpelier, VT
- Founding
- 04/1938
- Data as of
- 12/2021
- EIN
- 03-0164911
Organization Overview
Vermont Medical Society is located in Montpelier, VT. The organization was established in 1938. 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 12/2021, Vermont Medical Society employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Vermont 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 12/2021, Vermont Medical Society generated $1.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.3% each year. All expenses for the organization totaled $739.7k 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
SEE SCHEDULE O "MISSION"
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO SERVE THE PUBLIC BY FACILITATING AND ENHANCING PHYSICIANS' INDIVIDUAL AND COLLECTIVE COMMITMENTS, CAPABILITIES AND EFFORTS TO IMPROVE THE QUALITY OF LIFE FOR THE PEOPLE OF VERMONT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jessa Barnard Executive Director | Officer | 34 | $117,605 |
Ryan Sexton President Elect | OfficerTrustee | 0.25 | $0 |
Rebecca Bell Vice President | OfficerTrustee | 0.25 | $0 |
Simha Ravven President | OfficerTrustee | 0.25 | $0 |
Howard Schapiro Secretary/treasurer | OfficerTrustee | 0.25 | $0 |
Catherine Schneider Past President | OfficerTrustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $96,758 |
| All other contributions, gifts, grants, and similar amounts not included above | $49,280 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $146,038 |
| Total Program Service Revenue | $718,687 |
| Investment income | $67,526 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $8,600 |
| Net Gain/Loss on Asset Sales | $72,292 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,020,057 |
| 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. | $130,621 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $262,577 |
| Pension plan accruals and contributions | $38,158 |
| Other employee benefits | $71,928 |
| Payroll taxes | $29,081 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $8,607 |
| Fees for services: Accounting | $12,025 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $17,036 |
| Fees for services: Other | $62,482 |
| Advertising and promotion | $0 |
| Office expenses | $25,152 |
| Information technology | $7,669 |
| Royalties | $0 |
| Occupancy | $24,910 |
| Travel | $665 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $10,467 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $10,688 |
| Insurance | $8,977 |
| All other expenses | $0 |
| Total functional expenses | $739,702 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $424,064 |
| Savings and temporary cash investments | $190,927 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $59,242 |
| 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 | $20,855 |
| Net Land, buildings, and equipment | $65,278 |
| Investments—publicly traded securities | $2,968,371 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,728,737 |
| Accounts payable and accrued expenses | $33,141 |
| Grants payable | $0 |
| Deferred revenue | $420,515 |
| 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 | $2,450 |
| Total liabilities | $456,106 |
| Net assets without donor restrictions | $2,434,821 |
| Net assets with donor restrictions | $837,810 |
| 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 | $3,728,737 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Vermont Medical Society has recieved totaling $7,250.
| Awarding Organization | Amount |
|---|---|
Mary Hitchcock Memorial Hospital Lebanon, NH PURPOSE: PROGRAM SUPPORT | $7,000 |
Redwall Foundation Inc Burlington, VT PURPOSE: MEDICAL RESEARCH | $250 |
Endowment Analysis
| Beg. Balance | $697,954 |
| Earnings | $88,691 |
| Admin Expense | $5,506 |
| Ending Balance | $781,139 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
New York State Dental Association Albany, NY | $17,001,364 | $5,827,046 |
Curepsp Inc New York, NY | $8,414,669 | $6,342,039 |
New York State Society Of Anesthesiologists Inc New York, NY | $5,784,530 | $3,237,027 |
American Healthcare Radiology Administrators Inc Marlborough, MA | $4,341,536 | $3,296,728 |
New York County Dental Society New York, NY | $13,674,183 | $498,692 |
Canton-Potsdam Medical Practice Pllc Potsdam, NY | $521,293 | $682,687 |
New York State Podiatric Medical Association New York, NY | $2,710,070 | $1,412,989 |
New Hampshire Medical Society Concord, NH | $574,906 | $1,307,703 |
Vermont Medical Society Montpelier, VT | $3,728,737 | $1,020,057 |
New York School Nutrition Association Inc Clifton Park, NY | $1,810,186 | $564,645 |
Bih Pathology Foundation Inc Boston, MA | $11,873,178 | $1,097,685 |
Medical Society Of The County Of Monroe Inc Rochester, NY | $1,442,108 | $869,906 |