Council Of Medical Specialty Societies
- Assets
- $3.9m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 2
- Location
- Chicago, IL
- Founding
- 09/1976
- Data as of
- 12/2021
- EIN
- 36-2868605
Organization Overview
Council Of Medical Specialty Societies is located in Chicago, IL. The organization was established in 1976. As of 12/2021, Council Of Medical Specialty Societies employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Council Of Medical Specialty Societies is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Council Of Medical Specialty Societies generated $1.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.8% each year. All expenses for the organization totaled $1.6m during the year ending 12/2021. While expenses have increased by 3.5% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORTING AND STRENGTHENING MEMBER SOCIETIES TO ADDRESS FUTURE CHALLENGES. CATALYZING IMPROVEMENT THROUGH CONVENING, COLLABORATION, COLLECTIVE VOICE AND ACTION ACROSS SPECIALTIES. PROVIDING A PROACTIVE PLATFORM TO ASSESS AND ADDRESS EMERGING AND CRITICAL ISSUES ACROSS SPECIALTY SOCIETIES THAT INFLUENCE THE FUTURE OF HEALTHCARE AND THE PATIENTS WE SERVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CMSS MAIN PURPOSE IS TO PROVIDE A FORUM FOR COLLABORATION TO INFLUENCE THE FUTURE OF HEALTHCARE, MEDICAL EDUCATION AND ACCREDITATION FROM A BROAD, CROSS-SPECIALTY PERSPECTIVE. CMSS IS THE UNIFIED VOICE FOR SPECIALTY SOCIETIES ESTABLISHED TO IMPROVE THE US HEALTHCARE SYSTEM AND HEALTH OF THE PUBLIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Helen Burstin MD CEO | Officer | 40 | $544,559 |
Bill Thorwarth MD Secretary | OfficerTrustee | 1.5 | $0 |
Martha Liggett ESQ President | OfficerTrustee | 2 | $0 |
Michael Sheppard President-Elect | OfficerTrustee | 1.5 | $0 |
Darilyn Moyer MD Past President | OfficerTrustee | 1.5 | $0 |
Thomas Stautzenbach Treasurer | OfficerTrustee | 1.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bostrom Corporation Management Company | 12/30/18 | $385,972 |
The Blackstone Hotel Hotel Services | 12/30/18 | $128,896 |
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 | $486,028 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $486,028 |
| Total Program Service Revenue | $1,307,020 |
| Investment income | $32,693 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $15,947 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,843,688 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $328,722 |
| 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. | $576,358 |
| Compensation of current officers, directors, key employees. | $403,451 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $85,000 |
| Pension plan accruals and contributions | $3,604 |
| Other employee benefits | $3,376 |
| Payroll taxes | $23,868 |
| Fees for services: Management | $353,534 |
| Fees for services: Legal | $539 |
| Fees for services: Accounting | $9,015 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $13,016 |
| Fees for services: Other | $123,818 |
| Advertising and promotion | $0 |
| Office expenses | $30,310 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $25,166 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $35,467 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,642,091 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,713,752 |
| Savings and temporary cash investments | $24,492 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $413,394 |
| 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 | $13,408 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,676,794 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $64,257 |
| Total assets | $3,906,097 |
| Accounts payable and accrued expenses | $416,018 |
| Grants payable | $0 |
| Deferred revenue | $1,255,926 |
| 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 | $64,257 |
| Total liabilities | $1,736,201 |
| Net assets without donor restrictions | $2,169,896 |
| 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 | $3,906,097 |
Grants Awarded
Over the last fiscal year, Council Of Medical Specialty Societies has awarded $323,220 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
Washington, DC PURPOSE: CMSS will work with this subspecialty society which cares for high-risk patients to focus more intensively on how best to systematize routine delivery of adult vaccination at the subspecialty level. | $139,997 |
Chicago, IL PURPOSE: Joint effort to identify possible ways to help increase the number of under-represented in medicine physicians in hospitals and academic medical centers. | $83,734 |
Elk Grove Village, IL PURPOSE: CMSS will work with this subspecialty society which cares for high-risk patients to focus more intensively on how best to systematize routine delivery of adult vaccination at the subspecialty level. | $33,065 |
Washington, DC PURPOSE: Sponsorship | $25,000 |
New York, NY PURPOSE: CMSS will work with this subspecialty society which cares for high-risk patients to focus more intensively on how best to systematize routine delivery of adult vaccination at the subspecialty level. | $21,153 |
AMERICAN ASSOCIATION OF CLINICAL ENDOCRINOLOGY INC PURPOSE: CMSS will work with this subspecialty society which cares for high-risk patients to focus more intensively on how best to systematize routine delivery of adult vaccination at the subspecialty level. | $20,271 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Council Of Medical Specialty Societies has recieved totaling $1,257,247.
| Awarding Organization | Amount |
|---|---|
Gordon E And Betty I Moore Foundation Palo Alto, CA PURPOSE: TO DEVELOP, LAUNCH, AND MONITOR A COMPETITIVE GRANT PROGRAM FOR TEN MEDICAL SPECIALTY SOCIETIES TO SUPPORT THE DEVELOPMENT OF RESOURCES AND PROGRAMS FOCUSED ON DIAGNOSTIC EXCELLENCE. | $1,257,247 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American College Of Sports Medicine Inc Indianapolis, IN | $12,221,630 | $9,481,341 |
Musser-Davis Land Company Kansas City, MO | $17,498,776 | $1,666,095 |
University Medical Foundation Inc Louisville, KY | $12,425,544 | $1,582,627 |
Wisconsin School Of Professional Psychology Inc Milwaukee, WI | $2,955,587 | $1,856,092 |
Council Of Medical Specialty Societies Chicago, IL | $3,906,097 | $1,843,688 |
American College Of Sports Medicine Indianapolis, IN | $2,135,970 | $586,582 |
American College Of Sports Medicine Foundation Incorporated Indianapolis, IN | $4,709,616 | $682,964 |
Sarah C Upham Clinic Tr 2 P10303009 Chicago, IL | $7,388,989 | $410,128 |
American College Of Medical Quality Lombard, IL | $201,349 | $238,231 |
Chicago Committee On Trauma Of The American College Of Surgeons Bolingbrook, IL | $129,114 | $391,129 |
Cedar Rapids Medical Education Foundation Cedar Rapids, IA | $89,049 | $206,062 |
Lexington Clinic Foundation For Medical Education And Research Inc Lexington, KY | $676,643 | $195,952 |