Lackawanna County Medical Society
- Assets
- $136.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Olyphant, PA
- Founding
- 06/1952
- Data as of
- 12/2022
- EIN
- 24-0637563
Organization Overview
Lackawanna County Medical Society is located in Olyphant, PA. The organization was established in 1952. According to its NTEE Classification (E03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lackawanna 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, Lackawanna County Medical Society generated $71.4k in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (1.8%) each year. All expenses for the organization totaled $56.3k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (5.2%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
TO EXTEND MEDICAL KNOWLEDGE AND MEDICAL SCIENCE, PROMOTE PUBLIC HEALTH AND HYGIENE, AND PROVIDE MEDICAL REFERRALS TO THE GENERAL PUBLIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gregg A Severs DO Past President | 0.25 | $0 | |
Christine L Phillips DO Immediate Past President | 0.25 | $0 | |
Donna M Eget DO President | 0.25 | $0 | |
Karen Arscott DO President Elect | 0.25 | $0 | |
John Diakiw MD Vice President | 0.25 | $0 | |
James Cortese MD Resident/fellow Representa | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $11,554 |
| Membership dues | $48,960 |
| Investment income | $299 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $10,619 |
| Other Revenue | $0 |
| Total Revenue | $71,432 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $35,387 |
| Professional fees and other payments to independent contractors | $9,609 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $6,274 |
| Total expenses | $56,270 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $136,941 |
| Other assets | $0 |
| Total assets | $136,941 |
| Total liabilities | $29,118 |
| Net assets or fund balances | $107,823 |