Medical Society Of New Jersey
- Assets
- $1.7m
- Revenue
- $1.5m
- Investments
- $685.5k
- Employees
- 11
- Location
- Lawrenceville, NJ
- Founding
- 02/1944
- Data as of
- 05/2022
- EIN
- 21-0601684
Organization Overview
Medical Society Of New Jersey is located in Lawrenceville, NJ. The organization was established in 1944. 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 05/2022, Medical Society Of New Jersey employed 11 individuals. This organization is an itermediate organization (such as a geographic headquarters) for a national or regional group of organizations. Medical Society Of New Jersey 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 05/2022, Medical Society Of New Jersey generated $1.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (6.4%) each year. All expenses for the organization totaled $1.7m during the year ending 05/2022. As we would expect to see with falling revenues, expenses have declined by (6.0%) per year over the past 6 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE SOCIETY IS A MEMBERSHIP ORGANIZATION OF PHYSICIANS THAT ADMINISTERS MEMBER SERVICES AND ORGANIZES CONFERENCES AND SEMINARS FOR THE BENEFIT OF THE MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MSNJ PROVIDED ACCESS TO PERSONAL PROTECTIVE EQUIPMENT AT THE HEIGHT OF THE COVID-19 PANDEMIC TO MEMBERS.
MSNJ PROVIDED ACCESS TO FREE AND LOW COST TELEHEALTH PLATFORMS
MSNJ ADVOCATED FOR PROVIDER RELIEF FUNDS FOR COMMUNITY BASED PRACTICES STRUGGLING WITH THE CLOSURE OF ELECTIVE PROCEDURES AND GENERAL REDUCTIONS IN PATIENT VOLUMES DURING THE PANDEMIC.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lawrence Downs ESQ CEO | Officer | 40 | $240,196 |
Joshua Bengal Manager, Government Relati | Trustee | 40 | $58,500 |
Kennedy Granti MD President | Officer | 5 | $40,000 |
Donald M Chervenak MD 1st Vice-President | Officer | 0 | $0 |
Peter Blumental MD Treasurer | Officer | 0 | $0 |
Steven Orland MD President - Elect | Officer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $230,532 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $230,532 |
| Total Program Service Revenue | $1,005,480 |
| Investment income | $22,119 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $15,250 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $33,725 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,494,809 |
| 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. | $338,696 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $387,309 |
| Pension plan accruals and contributions | $26,727 |
| Other employee benefits | $0 |
| Payroll taxes | $57,712 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $18,987 |
| Fees for services: Accounting | $26,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $133,115 |
| Advertising and promotion | $0 |
| Office expenses | $41,436 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $89,622 |
| Travel | $5,875 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $197,116 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,743 |
| Insurance | $147,719 |
| All other expenses | $600 |
| Total functional expenses | $1,657,681 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,099 |
| Savings and temporary cash investments | $45,932 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $255,047 |
| 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 | $38,084 |
| Net Land, buildings, and equipment | $3,073 |
| Investments—publicly traded securities | $566,792 |
| Investments—other securities | $685,500 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $90,756 |
| Total assets | $1,687,283 |
| Accounts payable and accrued expenses | $442,195 |
| Grants payable | $0 |
| Deferred revenue | $657,430 |
| 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 | $2,580,994 |
| Total liabilities | $3,680,619 |
| Net assets without donor restrictions | -$1,993,336 |
| 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 | $1,687,283 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Medical Society Of New Jersey has recieved totaling $37,500.
| Awarding Organization | Amount |
|---|---|
Medical Staff Of Hackensack University Medical Center Hackensack, NJ PURPOSE: CONTRIBUTION | $25,000 |
Medical Staff Of Englewood Hospital Regina Saitta Administration Englewood, NJ PURPOSE: Advocacy/Education | $12,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hospital & Healthsystem Association Of Pennsylvania Inc Harrisburg, PA | $39,402,736 | $15,435,491 |
New Jersey Hospital Association Princeton, NJ | $139,216,001 | $6,079,898 |
Pennsylvania Medical Society Mechanicsburg, PA | $213,365,446 | $23,943,781 |
Rtog Foundation Inc Philadelphia, PA | $10,342,373 | $6,561,535 |
Clinical And Laboratory Standards Institute Malvern, PA | $16,915,959 | $9,183,918 |
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 |
National Association Of Pediatrics Nurse Practitioners New York, NY | $5,587,622 | $3,990,100 |
Pennsylvania Assoc Of Community Health Centers Wormleysburg, PA | $2,008,836 | $2,883,378 |
National Student Nurses Association Brooklyn, NY | $3,483,994 | $2,719,643 |
Oncology Nursing Society Pittsburgh, PA | $6,790,582 | $2,386,479 |
Nephrology Nursing Certification Pitman, NJ | $17,070,784 | $3,910,484 |