Philadelphia County Medical Society
- Assets
- $2.9m
- Revenue
- $758.5k
- Investments
- $0.0
- Employees
- 4
- Location
- Philadelphia, PA
- Founding
- 02/1938
- Data as of
- 12/2022
- EIN
- 23-0969360
Organization Overview
Philadelphia County Medical Society is located in Philadelphia, PA. The organization was established in 1938. 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 12/2022, Philadelphia County Medical Society employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Philadelphia County 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 12/2022, Philadelphia County Medical Society generated $758.5k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.8% each year. All expenses for the organization totaled $595.5k during the year ending 12/2022. While expenses have increased by 0.8% per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO AGGRESSIVELY ADVANCE AND SUPPORT THE INTERESTS OF PHYSICIANS AND THEIR PATIENTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
PCMS IS A VIBRANT MULTISPECIALTY COUNTY MEDICAL SOCIETY WITH SEVERAL THOUSAND MEMBERS WHICH INCLUDES A MEDICAL STUDENT SECTION AND RESIDENT FELLOW SECTION FROM PHILADELPHIA'S WORLD-RENOWNED MEDICAL TRAINING INSTITUTIONS. OUR MEMBERS ARE NOT ONLY FROM MANY SPECIALTIES BUT ENCOMPASS ACADEMIC ATTENDING PHYSICIANS AS WELL AS THE MANY PRIVATE PRACTICES OF OUR CITY. OUR MEMBERS SHARE A COMMON BELIEF OF THE PRIME IMPORTANCE OF THE PHYSICIAN-PATIENT RELATIONSHIP TO GOOD MEDICAL DECISION-MAKING AND THE COMMON GOAL OF EXTREME HIGH QUALITY ACCESSIBLE INNOVATIVE CARE FOR OUR COUNTY AND REGION'S CITIZENS. PCMS STRIVES TO NOT ONLY BE A CONSENSUS VOICE OF THE MEMBERSHIP BUT ALSO TO SERVE AS A TRUSTED INFORMATION SOURCE TO OUR PRACTITIONERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark C Austerberry Executive Director | Officer | 34 | $113,911 |
Ricardo Morgenstern MD President, Pres.-Elect To Jun 2022 | OfficerTrustee | 0.5 | $0 |
John M Vasudevan MD Pres.-Elect, Secretary To Jun 2022 | OfficerTrustee | 0.5 | $0 |
Stephen R Permut MD JD Immed. Past Pres., Pres. To Jun 2022 | OfficerTrustee | 0.5 | $0 |
Oneida Arosarena MD Facs Secretary, Board Member To Jun 2022 | OfficerTrustee | 0.5 | $0 |
Dale Mandel MD Treasurer, Board Member To Jun 2022 | OfficerTrustee | 0.5 | $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 | $26,805 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $26,805 |
| Total Program Service Revenue | $136,434 |
| Investment income | $40,713 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $426,265 |
| Net Gain/Loss on Asset Sales | $43,423 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $758,462 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,000 |
| 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. | $87,569 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $155,799 |
| Pension plan accruals and contributions | $7,767 |
| Other employee benefits | $18,504 |
| Payroll taxes | $18,271 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $85 |
| Fees for services: Accounting | $12,205 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $9,848 |
| Fees for services: Other | $17,811 |
| Advertising and promotion | $0 |
| Office expenses | $25,869 |
| Information technology | $7,785 |
| Royalties | $0 |
| Occupancy | $102,957 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $38,930 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,066 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $595,469 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $268 |
| Savings and temporary cash investments | $886,554 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $49,379 |
| 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 | $0 |
| Net Land, buildings, and equipment | $474,186 |
| Investments—publicly traded securities | $1,191,402 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $259,682 |
| Total assets | $2,861,471 |
| Accounts payable and accrued expenses | $15,909 |
| Grants payable | $0 |
| Deferred revenue | $120,153 |
| 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 | $160,000 |
| Total liabilities | $296,062 |
| Net assets without donor restrictions | $2,441,197 |
| Net assets with donor restrictions | $124,212 |
| 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 | $2,861,471 |