Fort Wayne Medical Society
- Assets
- $1.5m
- Revenue
- $426.4k
- Investments
- $0.0
- Employees
- 2
- Location
- Fort Wayne, IN
- Founding
- 05/1939
- Data as of
- 05/2024
- EIN
- 35-0849996
Organization Overview
Fort Wayne Medical Society is located in Fort Wayne, IN. The organization was established in 1939. 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. As of 05/2024, Fort Wayne Medical Society employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fort Wayne 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 05/2024, Fort Wayne Medical Society generated $426.4k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 1.5% each year. All expenses for the organization totaled $293.4k during the year ending 05/2024. 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
THE PRESERVATION OF THE ART AND SCIENCE OF MEDICINE, PERSONAL DEVELOPMENT OF MEMBER PHYSICIANS AND PROTECTION AND BETTERMENT OF PUBLIC HEALTH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ADMINISTRATION OF A PROFESSIONAL ASSOCIATION FOR AREA PHYSICIANS THROUGH WHICH THEY MAY EXCHANGE INFORMATION, FULFILL CONTINUING EDUCATION REQUIREMENTS AND CONDUCT PEER REVIEW ACTIVITIES. FISCAL YEAR 2024 MEMBERS INCLUDED 1,036 PHYSICIANS INCLUDING 73 RESIDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joel Harmeyer Executive Di | Officer | 40 | $89,828 |
Scott Stienecker MD President | OfficerTrustee | 1 | $0 |
Gregory Pond MD President-El | OfficerTrustee | 1 | $0 |
Brian Herr MD Immediate Pa | OfficerTrustee | 1 | $0 |
Sharon Singleton MD President Fw | OfficerTrustee | 1 | $0 |
Fen-Lei Chang MD Chairman Of | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $344,325 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $344,325 |
| Total Program Service Revenue | $51,306 |
| Investment income | $26,185 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,607 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $426,425 |
| 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. | $106,153 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $26,616 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $9,163 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,020 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $6,047 |
| Fees for services: Other | $0 |
| Advertising and promotion | $31 |
| Office expenses | $61,335 |
| Information technology | $11,992 |
| Royalties | $0 |
| Occupancy | $36,306 |
| 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 | $1,612 |
| Insurance | $6,994 |
| All other expenses | $0 |
| Total functional expenses | $293,423 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $50,339 |
| Savings and temporary cash investments | $311,760 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,800 |
| 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 | $3,588 |
| Net Land, buildings, and equipment | $5,488 |
| Investments—publicly traded securities | $1,040,650 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $95,589 |
| Total assets | $1,514,214 |
| Accounts payable and accrued expenses | $33,265 |
| Grants payable | $0 |
| Deferred revenue | $197,677 |
| 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 | $98,451 |
| Total liabilities | $329,393 |
| Net assets without donor restrictions | $1,184,821 |
| 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 | $1,514,214 |