Medical Academic And Scientific Community Organization Inc
- Assets
- $71.4m
- Revenue
- $30.4m
- Investments
- $6.9m
- Employees
- 20
- Location
- Boston, MA
- Founding
- 10/1993
- Data as of
- 06/2020
- EIN
- 04-2507445
Organization Overview
Medical Academic And Scientific Community Organization Inc is located in Boston, MA. The organization was established in 1993. 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 06/2021, Medical Academic And Scientific Community Organization Inc employed 20 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Medical Academic And Scientific Community Organization Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2020, Medical Academic And Scientific Community Organization Inc generated $30.4m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $26.9m during the year ending 06/2020. While expenses have increased by 1.7% per year over the past 6 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE CORPORATION'S EXEMPT PURPOSES INCLUDE ALL OF THE FOLLOWING: SEE SCHEDULE O.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PARKING AND TRANSPORTATION - MASCO PROVIDED MANAGEMENT OF PARKING AND TRANSPORTATION SERVICES WITHIN THE LONGWOOD MEDICAL AREA (LMA) IN FURTHERANCE OF ITS MISSION TO COOPERATE WITH THE CITY OF BOSTON AND STATE OF MASSACHUSETTS REGARDING CITY AND STATE RESPONSIBILITIES CONCERNING ACCESS, SAFETY AND CONVENIENCE IN THE LMA.
LESSENED THE BURDENS OF GOVERNMENT WITH REGARD TO THE PLANNING, DEVELOPMENT AND ENHANCEMENT IN THE AREA BY PROVIDING SERVICES RELATED TO PUBLIC SAFETY, ACCESS, TRAFFIC CONTROL AND PARKING. PROVIDED OVERALL PLANNING AND COORDINATING FOR OUR MEMBERS WITH RESPECT TO VARIOUS AREAS OF COMMON INTEREST AND MAINTAINED A SETTING IN WHICH THESE ORGANIZATIONS CAN ACHIEVE THEIR OBJECTIVES.SEE SCHEDULE O FOR PROGRAM ACCOMPLISHMENTS.
MASCO OPERATED AN OFFICE BUILDING AND ATTACHED PARKING GARAGE WITHIN THE LONGWOOD MEDICAL AREA, IN FURTHERANCE OF MASCO'S TAX EXEMPT PURPOSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Sweeney President & CEO | Officer | 40 | $295,364 |
Holli G Roth V.P. & CFO | Officer | 40 | $255,897 |
Norva Kennard General Counsel & Assistant Clerk | Officer | 40 | $227,847 |
Sarah Hamilton V.P. Area Planning (until Sept. '20) | 40 | $204,106 | |
Paul Cappadona V.P. Operations | 40 | $203,624 | |
Janice Henderson Sr. Planner | 40 | $110,018 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $1,284,506 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $324,609 |
| Net Gain/Loss on Asset Sales | -$7,763 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $30,389,290 |
| Statement of Expenses | |
|---|---|
| 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. | $735,469 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,501,211 |
| Pension plan accruals and contributions | $166,456 |
| Other employee benefits | $122,989 |
| Payroll taxes | $132,364 |
| Fees for services: Management | $501,803 |
| Fees for services: Legal | $201,651 |
| Fees for services: Accounting | $75,673 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $84,672 |
| Fees for services: Other | $9,761,020 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $8,317,225 |
| Travel | $1,125 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $18,144 |
| Interest | $148,011 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,855,908 |
| Insurance | $115,835 |
| All other expenses | $0 |
| Total functional expenses | $26,867,804 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $6,916,849 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,033,804 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $257,304 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,530,065 |
| Investments—publicly traded securities | $34,743,496 |
| Investments—other securities | $6,851,509 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,721,568 |
| Total assets | $71,409,307 |
| Accounts payable and accrued expenses | $1,011,610 |
| Grants payable | $0 |
| Deferred revenue | $2,049,359 |
| Tax-exempt bond liabilities | $4,947,097 |
| 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 | $222,323 |
| Total liabilities | $8,230,389 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $63,178,918 |
Grants Awarded
Over the last fiscal year, Medical Academic And Scientific Community Organization Inc has awarded $30,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Boston, MA PURPOSE: AFFORDABLE HOUSING INITIATIVE | $25,000 |
Boston, MA PURPOSE: YOUTH SUMMER EMPLOYMENT | $5,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Medical Academic And Scientific Community Organization Inc has recieved totaling $54,025.
| Awarding Organization | Amount |
|---|---|
Beth Israel Deaconess Medical Center Inc Boston, MA PURPOSE: COMMUNITY SUPPORT | $54,025 |
Endowment Analysis
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Medical Academic And Scientific Community Organization Inc Boston, MA | $71,409,307 | $30,389,290 |
Massachusetts Nurses Association Canton, MA | $15,341,722 | $21,633,251 |
Massachusetts Health & Hospital Assoc Inc Burlington, MA | $18,521,791 | $10,974,960 |
N H C C Medical Associates Inc Newport, RI | $442,975 | $8,120,804 |
Connecticut Hospital Association Inc & Affiliates Wallingford, CT | $20,376,618 | $10,735,493 |
Massachusetts Dental Society Southborough, MA | $16,206,849 | $7,845,632 |
New York County Health Services Review Organizations Inc New York, NY | $23,529,408 | $5,159,805 |
Medical Society Of The State Of New York Westbury, NY | $23,626,898 | $6,678,439 |
Coastal Medical Associates Inc South Weymouth, MA | $4,039,266 | $5,719,679 |
National Association Of Pediatrics Nurse Practitioners New York, NY | $5,587,622 | $3,990,100 |
Massachusetts Senior Care Association Inc Easton, MA | $2,585,686 | $3,605,157 |
National Student Nurses Association Brooklyn, NY | $3,483,994 | $2,719,643 |