Suffolk County Medical Society Inc
- Assets
- $1.1m
- Revenue
- $314.8k
- Investments
- $0.0
- Employees
- 1
- Location
- Patchogue, NY
- Founding
- 03/1951
- Data as of
- 12/2021
- EIN
- 11-1627264
Organization Overview
Suffolk County Medical Society Inc is located in Patchogue, NY. The organization was established in 1951. 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. Suffolk 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 12/2021, Suffolk County Medical Society Inc generated $314.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.3%) each year. All expenses for the organization totaled $193.6k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (11.6%) per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
ESTABLISHING HIGHEST STANDARDS OF PRACTICE OF MEDICINE IN SUFFOLK COUNTY AND ADVANCE MEDICAL SCIENCE AND TO PROMOTE NETWORKING AMONG PHYSICIANS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ESTABLISHING HIGHEST STANDARDS OF PRACTICE OF MEDICINE IN SUFFOLK COUNTY AND ADVANCE MEDICAL SCIENCE AND TO PROMOTE NETWORKING AMOUNG PHYSICIANS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Aaron Kumar Executive Dir. | Officer | 40 | $68,891 |
Richard Schoor MD President Elect | OfficerTrustee | 5 | $0 |
Leslie Marino MD Secretary | OfficerTrustee | 5 | $0 |
William Sellers DO Treasurer | OfficerTrustee | 5 | $0 |
Maria Basile MD MBA President | OfficerTrustee | 5 | $0 |
Ramin Rak MD Board Member | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $29,861 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,450 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $31,311 |
| Total Program Service Revenue | $267,487 |
| Investment income | $15,810 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $314,783 |
| 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. | $68,891 |
| Compensation of current officers, directors, key employees. | $13,778 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $42,168 |
| Pension plan accruals and contributions | $3,344 |
| Other employee benefits | $0 |
| Payroll taxes | $9,116 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,328 |
| Advertising and promotion | $0 |
| Office expenses | $3,216 |
| Information technology | $6,821 |
| Royalties | $0 |
| Occupancy | $7,359 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $825 |
| Insurance | $32,521 |
| All other expenses | $1,739 |
| Total functional expenses | $193,640 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $40,486 |
| Savings and temporary cash investments | $1,096 |
| 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 | $1,873 |
| Net Land, buildings, and equipment | $2,006 |
| Investments—publicly traded securities | $765,627 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $308,334 |
| Total assets | $1,119,422 |
| Accounts payable and accrued expenses | $3,120 |
| Grants payable | $0 |
| Deferred revenue | $16,024 |
| 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 | $15,610 |
| Total liabilities | $34,754 |
| Net assets without donor restrictions | $1,084,668 |
| 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 | $1,119,422 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Grand View - Lehigh Valley Health Services Sellersville, PA | $1,306,518 | $2,758,169 |
New York State Dental Association Albany, NY | $17,001,364 | $5,827,046 |
American Board Of Ophthalmology Doylestown, PA | $11,729,185 | $5,597,359 |
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 |
Pennsylvania Dental Association Harrisburg, PA | $21,759,277 | $13,492,593 |
American Healthcare Radiology Administrators Inc Marlborough, MA | $4,341,536 | $3,296,728 |
American Board Of Plastic Surgery Inc Philadelphia, PA | $10,377,925 | $3,692,721 |
American Association Of Feline Practitioners Bridgewater, NJ | $2,633,101 | $2,996,348 |
Catholic Medical Association Fort Washington, PA | $757,837 | $1,642,943 |
New York County Dental Society New York, NY | $13,674,183 | $498,692 |
Canton-Potsdam Medical Practice Pllc Potsdam, NY | $521,293 | $682,687 |