Mississippi State Medical Association Foundation Inc
- Assets
- $447.1k
- Revenue
- $239.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Ridgeland, MS
- Founding
- 05/1990
- Data as of
- 12/2021
- EIN
- 57-0906060
Organization Overview
Mississippi State Medical Association Foundation Inc is located in Ridgeland, MS. The organization was established in 1990. According to its NTEE Classification (E99) the organization is classified as: Health Care N.E.C., 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. Mississippi State Medical Association Foundation 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 12/2021, Mississippi State Medical Association Foundation Inc generated $239.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (5.9%) each year. All expenses for the organization totaled $164.0k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (14.6%) per year over the past 7 years. 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
THE ORGANIZATION PROVIDES FUNDING FOR MEDICAL RESEARCH, EDUCATIONAL PROGRAMS FOR PHYSICIANS AND OTHERS AS WELL AS EDUCATIONAL ASSISTANCE FOR MEDICAL STUDENTS. IN ADDITION, THE ORGANIZATION PROVIDES GRANTS TO MEDICAL PROFESSIONALS WHOSE PRACTICES HAVE BEEN IMPACTED BY DISASTER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVISION OF EDUCATIONAL PROGRAMS FOR PHYSICIANS AND OTHERS AS WELL AS EDUCATIONAL ASSISTANCE FOR MEDICAL STUDENTS.
THE PHYSICIAN LEADERSHIP TRAINING ACADEMY PROVIDES A TRAINING PROGRAM THAT UTILIZES MENTORING, ORGANIZATIONAL EDUCATION, AND SKILLS TRAINING TO PREPARE PHSYICANS TO EXCEL AS LEADERS IN THEIR OWN PRACTICE, ORGANIZED MEDICINE AND IN THE PUBLIC POLICY ARENA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Roderick Givens MD Director | OfficerTrustee | 1 | $0 |
Claude Brunson MD Secretary-Treasurer | OfficerTrustee | 1 | $0 |
Dominica Thames Director Of Business Management Msma | Trustee | 1 | $0 |
Katherine Pannel DO President | Trustee | 1 | $0 |
Geri Weiland MD Director | Trustee | 1 | $0 |
W Mark Horne MD Director | Trustee | 1 | $0 |
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 | $210,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $210,000 |
| Total Program Service Revenue | $5,000 |
| Investment income | $1,552 |
| 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 | $239,871 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $100,500 |
| 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 of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $105 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,177 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $46,761 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $163,976 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $357,064 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $12,000 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $4,589 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $73,439 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $447,092 |
| Accounts payable and accrued expenses | $2,817 |
| Grants payable | $0 |
| Deferred revenue | $55,692 |
| 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 | $1,366 |
| Total liabilities | $59,875 |
| Net assets without donor restrictions | $110,641 |
| Net assets with donor restrictions | $276,576 |
| 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 | $447,092 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Mississippi State Medical Association Foundation Inc has recieved totaling $180,000.
| Awarding Organization | Amount |
|---|---|
The Physicians Foundation Inc Austin, TX PURPOSE: TO SUPPORT A PHYSICIAN LEADERSHIP PROGRAM | $150,000 |
Selby And Richard Mcrae Foundation Jackson, MS PURPOSE: UNIV OF MS MEDICAL SCHOOL RURAL PHYSICIANS SCHOLARSHIP | $30,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Uab Health System Managing Board Birmingham, AL | $293,178,635 | $80,834,759 |
Qsource Memphis, TN | $27,560,294 | $14,798,417 |
Northwest Florida Comprehensive Services For Children Inc Birmingham, AL | $2,983,352 | $9,180,646 |
Central Mississippi Health Services Inc Jackson, MS | $2,220,131 | $7,080,097 |
Interfaith Dental Clinic Of Nashville Nashville, TN | $11,283,071 | $7,836,230 |
Mississippi Public Health Institute Ridgeland, MS | $2,077,909 | $5,784,020 |
Etowah-Dekalb-Cherokee Mental Health Board Incorporated Attalla, AL | $3,418,084 | $6,908,412 |
Arkansas Rural Health Partnership Lake Village, AR | $1,374,421 | $4,937,387 |
Sight Savers America Inc Pelham, AL | $2,329,851 | $3,961,028 |
Ozanam Charitable Pharmacy Inc Mobile, AL | $477,965 | $3,622,559 |
Louisiana Primary Care Association Inc Baton Rouge, LA | $7,206,016 | $4,589,222 |
Tennessee Rural Health Recruitment And Retention Center Inc Brentwood, TN | $2,952,930 | $3,681,035 |