Foundation Of The Pennsylvania Medical Society
- Assets
- $14.7m
- Revenue
- $6.8m
- Investments
- $0.0
- Employees
- 19
- Location
- Mechanicsburg, PA
- Founding
- 08/2014
- Data as of
- 12/2020
- EIN
- 37-1732501
Organization Overview
Foundation Of The Pennsylvania Medical Society is located in Mechanicsburg, PA. The organization was established in 2014. 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 12/2020, Foundation Of The Pennsylvania Medical Society employed 19 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Foundation Of The Pennsylvania Medical Society 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 12/2020, Foundation Of The Pennsylvania Medical Society generated $6.8m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 20.2% each year . All expenses for the organization totaled $1.9m during the year ending 12/2020. While expenses have increased by 0.6% per year over the past 6 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
PHYSICIANS' HEALTH PROGRAM (PHP) PROVIDES MONITORING SERVICES TO PENNSYLVANIA PHYSICIANS, PHYSICIAN ASSISTANTS, DENTISTS, AND OTHER ELIGIBLE LICENSED PROFESSIONALS AND TRAINEES WHO ARE EXPERIENCING ISSUES RELATED TO SUBSTANCE USE DISORDERS, MENTAL HEALTH OR OTHER BEHAVIORAL CONCERNS. PHP MONITORING ALLOWS FOR THE COLLECTION OF DOCUMENTATION TO MAKE SURE THAT PARTICIPANTS ARE HEALTHY AND CAN SAFELY PRACTICE THEIR CHOSEN PROFESSIONS. IN 2020, THE PHP RECEIVED 200 REFERRALS, AND MONITORED OVER 428 ACTIVE CASES.
LIFEGUARD, A NATIONALLY RECOGNIZED PROGRAM, IS A VANGUARD FOR ADDRESSING CLINICAL COMPETENCY ASSESSMENT NEEDS FOR PHYSICIANS AND OTHER HEALTHCARE PROFESSIONALS. CONCEPTUALIZED BY DOCTORS FOR DOCTORS, LIFEGUARD PROVIDES COMPREHENSIVE ASSESSMENT SERVICES AND RECOMMENDATIONS FOR REMEDIATION TAILORED TO INDIVIDUAL NEEDS. THROUGH INDIVIDUALLY CUSTOMIZED PROGRAMS, LIFEGUARD PROVIDES AN UNBIASED ASSESSMENT OF PHYSICIAN CLINICAL PERFORMANCE WITH THE GOAL OF ENHANCING PATIENT SAFETY AND QUALITY OF CARE. SINCE INCEPTION, LIFEGUARD HAS SERVED PHYSICIANS IN 29 STATES AND THE DISTRICT OF COLUMBIA. IN 2020, 40 PHYSICIANS COMPLETED THEIR RESPECTIVE LIFEGUARD PATHWAY. THIS REPRESENTS AN INCREASE OF 14% COMPARED TO 2019.
STUDENT FINANCIAL SERVICES EASES THE STRESS OF FUNDING A MEDICAL EDUCATION BY OFFERING SCHOLARSHIPS AND AFFORDABLE LOANS WITH PERSONALIZED CUSTOMER SERVICE TO PENNSYLVANIA RESIDENTS ATTENDING MEDICAL SCHOOL. THE STUDENT FINANCIAL SERVICES PROGRAM HELPS MEDICAL STUDENTS FULFILL THEIR DREAMS OF BECOMING PHYSICIANS. IN 2020, 54 LOANS TOTALING $483,625 AND 22 SCHOLARSHIPS TOTALING $60,052 WERE AWARDED. SINCE 1948, OVER $22 MILLION IN LOANS AND SCHOLARSHIPS HAVE BEEN AWARDED TO 4,707 STUDENTS.
OTHER PROGRAM SERVICES - INCLUDES SCHOLARSHIP FUNDS AND OTHER SERVICES (BOOKKEEPING)
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marcia A Lammando RN Bsn Mhsa Lifeguard Director | 40 | $139,449 | |
Annette M Weaver Senior Director Of Finance | 40 | $113,683 | |
Ray Truex MD Php Medical Director | 19 | $106,555 | |
Heather A Wilson Msw Cfre Cae Secretary & Executive Director | OfficerTrustee | 12 | $62,286 |
Virginia E Hall MD Facog Facp Chair | OfficerTrustee | 0.5 | $0 |
William J West Jr MD Treasurer | OfficerTrustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,374,530 |
| Investment income | $92,926 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $84,115 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,767,746 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $60,052 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,055,989 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $8,176 |
| Payroll taxes | $83,972 |
| Fees for services: Management | $351 |
| Fees for services: Legal | $17,262 |
| Fees for services: Accounting | $26,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $17,168 |
| Fees for services: Other | $281,797 |
| Advertising and promotion | $7,393 |
| Office expenses | $74,500 |
| Information technology | $55,264 |
| Royalties | $0 |
| Occupancy | $10,214 |
| Travel | $11,611 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $10,828 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $15,477 |
| Insurance | $36,210 |
| All other expenses | $0 |
| Total functional expenses | $1,859,893 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $5,326,149 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $168,142 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $4,238,106 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $18,111 |
| Investments—publicly traded securities | $3,754,803 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,153,383 |
| Total assets | $14,711,565 |
| Accounts payable and accrued expenses | $342,117 |
| Grants payable | $0 |
| Deferred revenue | $150,710 |
| 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 | $1,430,626 |
| Total liabilities | $1,923,453 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $12,788,112 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Foundation Of The Pennsylvania Medical Society has recieved totaling $380,000.
| Awarding Organization | Amount |
|---|---|
Pennsylvania Medical Society Mechanicsburg, PA PURPOSE: GENERAL SUPPORT | $380,000 |
Endowment Analysis
| Beg. Balance | $5,490,832 |
| Earnings | $512,747 |
| Other Expense | $162,311 |
| Ending Balance | $5,841,268 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hospital & Healthsystem Association Of Pennsylvania Inc Harrisburg, PA | $39,402,736 | $15,435,491 |
Plasma Protein Therapeutics Association Annapolis, MD | $7,828,244 | $13,003,501 |
American Podiatric Medical Assoc Bethesda, MD | $21,176,179 | $13,540,711 |
New Jersey Hospital Association Princeton, NJ | $139,216,001 | $6,079,898 |
Maryland Hospital Association Incorporated Elkridge, MD | $38,009,436 | $21,113,999 |
Parenteral Drug Association Inc Bethesda, MD | $14,078,226 | $8,044,773 |
National Church Residences Columbus, OH | $6,772,830 | $11,332,666 |
Pennsylvania Medical Society Mechanicsburg, PA | $213,365,446 | $23,943,781 |
Greater Dayton Area Hospital Assoc Dayton, OH | $5,189,718 | $9,300,133 |
Rtog Foundation Inc Philadelphia, PA | $10,342,373 | $6,561,535 |
Clinical And Laboratory Standards Institute Malvern, PA | $16,915,959 | $9,183,918 |
National Minority Health Association Owings Mills, MD | $1,141,294 | $7,237,728 |