National Medical Association Inc
- Assets
- $9.9m
- Revenue
- $6.8m
- Investments
- $0.0
- Employees
- 19
- Location
- silver spring, MD
- Founding
- 03/1954
- Data as of
- 12/2022
- EIN
- 53-6010805
Organization Overview
National Medical Association Inc is located in silver spring, MD. The organization was established in 1954. 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 12/2023, National Medical Association Inc employed 19 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. National Medical Association Inc 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 12/2022, National Medical Association Inc generated $6.8m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.6% each year. All expenses for the organization totaled $6.4m during the year ending 12/2022. While expenses have increased by 4.7% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE THE SCIENCE AND ART OF MEDICINE.
Describe the Organization's Program Activity:
ANNUAL SCIENTIFIC ASSEMBLY AND CONTINUING MEDICAL EDUCATION - ANNUAL SCIENTIFIC ASSEMBLY OF TWENTY FIVE MEDICAL SPECIALTY SECTIONS PROVIDES AN EDUCATIONAL FORUM FOR MEMBERS AND NON-MEMBERS TO DISCUSS CURRENT MEDICAL SCIENCE AND ISSUES AFFECTING UNDERSERVED POPULATIONS.
GRANTS AND SPECIAL PROGRAMS - PROGRAMS DESIGNED TO IMPROVE THE STATUS OF HEALTHCARE FOR UNDERSERVED POPULATIONS
PUBLICATIONS - MONTHLY JOURNAL PROVIDES MEMBERS AND SUBSCRIBERS WITH UP-TO-DATE INFORMATION ABOUT MEDICINE AND ISSUES AFFECTING UNDERSERVED POPULATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jacquelyn Freeman Dir. Of Operations | 37.5 | $100,089 | |
Joy Calloway Executive Dir. | Officer | 37.5 | $65,745 |
Martin Hamlette Im Past Exe Dir | Officer | 37.5 | $46,558 |
Garfield A Clunie MD President Elect | Officer | 7 | $20,833 |
Rachel Villanueva MD Facog President | OfficerTrustee | 7 | $14,581 |
Melanie Hanna-Johnson MD Secretary,hod | OfficerTrustee | 7 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
A Fassano & Co Meeting Expo | 12/30/22 | $188,025 |
Integrated Systems Management Inc Program Consultant | 12/30/22 | $175,165 |
Chanda Holsey Health Services Admin. | 12/30/22 | $102,106 |
Ld Miller & Associates Conference Mgmt. Services | 12/30/22 | $146,250 |
Kiddiecorp Inc Child Care | 12/30/22 | $121,914 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $741,647 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,645,645 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,387,292 |
| Total Program Service Revenue | $3,301,547 |
| Investment income | $98,344 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,787,183 |
| 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. | $150,031 |
| Compensation of current officers, directors, key employees. | $97,519 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $710,781 |
| Pension plan accruals and contributions | $5,706 |
| Other employee benefits | $46,718 |
| Payroll taxes | $68,536 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $57,434 |
| Fees for services: Accounting | $56,488 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $8,452 |
| Fees for services: Other | $2,252,577 |
| Advertising and promotion | $2,077 |
| Office expenses | $352,998 |
| Information technology | $70,378 |
| Royalties | $0 |
| Occupancy | $332,971 |
| Travel | $1,011,316 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,012,174 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,748 |
| Insurance | $24,844 |
| All other expenses | $0 |
| Total functional expenses | $6,374,680 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $500 |
| Savings and temporary cash investments | $6,199,738 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $299,805 |
| 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 | $57,262 |
| Net Land, buildings, and equipment | $7,204 |
| Investments—publicly traded securities | $3,306,917 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $36,394 |
| Total assets | $9,907,820 |
| Accounts payable and accrued expenses | $603,255 |
| Grants payable | $0 |
| Deferred revenue | $714,589 |
| 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 | $31,460 |
| Total liabilities | $1,349,304 |
| Net assets without donor restrictions | $7,175,502 |
| Net assets with donor restrictions | $1,383,014 |
| 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 | $9,907,820 |