Medical Association Of Georgia
- Assets
- $6.2m
- Revenue
- $3.0m
- Investments
- $1.1m
- Employees
- 18
- Location
- Atlanta, GA
- Founding
- 10/1951
- Data as of
- 12/2021
- EIN
- 58-0605267
Organization Overview
Medical Association Of Georgia is located in Atlanta, GA. The organization was established in 1951. 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 12/2021, Medical Association Of Georgia employed 18 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Medical Association Of Georgia 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 12/2021, Medical Association Of Georgia generated $3.0m 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 (3.0%) each year. All expenses for the organization totaled $3.2m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (0.8%) 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 MEDICAL ASSOCIATION OF GEORGIA, INC., WAS FOUNDED IN 1849 TO PROMOTE THE ART AND SCIENCE OF MEDICINE AND TO IMPROVE PUBLIC HEALTH. THE KEY OBJECTIVE OF THE ASSOCIATION IS TO CONTRIBUTE TO THE PROFESSIONAL AND PERSONAL DEVELOPMENT OF THE MEMBER PHYSICIANS AND TO THE BETTERMENT OF THE HEALTH OF THE PUBLIC BY DEVELOPING AND DISTRIBUTING INFORMATION ON HEALTH-RELATED RIGHTS, RESPONSIBILITIES AND ISSUES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COORDINATION OF GEORGIA PHYSICIANS TO FORM A COHESIVE ORGANIZATION TO PROVIDE SERVICES TO ITS MEMBERS AND TO UNIFY WITH OTHER ORGANIZATIONS IN OTHER STATES TO FORM THE AMERICAN MEDICAL ASSOCIATION (AMA).
MAINTANANCE AND ASSURANCE OF THE HIGHEST QUALITY OF MEDICAL CARE FOR THE CITIZENS OF GEORGIA.
ADHERENCE TO THE PRINCIPLES OF MEDICAL ETHICS AS SET FORTH BY THE AMA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tom Kornegay Director Of Communications | 37.5 | $203,733 | |
Sally Ann Jacobs Director Of Accounting | 40 | $183,209 | |
Andrew Baumann Director Of Accreditation | 40 | $152,010 | |
Ryan Larosa Director Of Business Dev | 40 | $141,324 | |
Donald Palmisano Executive Director Thru Jan 2021 | Officer | 37.5 | $135,764 |
Derek Norton Director Of Government Relations | 37.5 | $132,571 |
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 | $247,401 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $247,401 |
| Total Program Service Revenue | $2,124,064 |
| Investment income | $17,362 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $512,500 |
| Net Rental Income | $32,923 |
| 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 | $3,001,949 |
| 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. | $302,071 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,136,575 |
| Pension plan accruals and contributions | $84,110 |
| Other employee benefits | $261,137 |
| Payroll taxes | $113,520 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $68,272 |
| Fees for services: Accounting | $36,915 |
| Fees for services: Lobbying | $46,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $5,985 |
| Fees for services: Other | $204,046 |
| Advertising and promotion | $19,400 |
| Office expenses | $115,828 |
| Information technology | $93,388 |
| Royalties | $0 |
| Occupancy | $227,099 |
| Travel | $53,266 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $203,491 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $82,860 |
| Insurance | $63,825 |
| All other expenses | $31,272 |
| Total functional expenses | $3,222,212 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $685,898 |
| Savings and temporary cash investments | $1,597,599 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $114,422 |
| 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 | $45,585 |
| Net Land, buildings, and equipment | $2,627,145 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,127,748 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $32,821 |
| Total assets | $6,231,218 |
| Accounts payable and accrued expenses | $214,825 |
| Grants payable | $0 |
| Deferred revenue | $769,333 |
| 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 | $89,501 |
| Total liabilities | $1,073,659 |
| Net assets without donor restrictions | $4,742,415 |
| Net assets with donor restrictions | $415,144 |
| 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 | $6,231,218 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Medical Association Of Georgia has recieved totaling $30,000.
| Awarding Organization | Amount |
|---|---|
Alliant Health Solutions Inc Atlanta, GA PURPOSE: SUPPORT WORK ON HEALTHCARE WORKFORCE RESILIENCY AND THE PRODUCTION OF QUARTERLY "TOP DOCS" PODCASTS. | $20,000 |
Alliant Health Solutions Inc Atlanta, GA PURPOSE: SUPPORT EFFORTS TO SERVE COMMUNITY DURING COVID-19 PANDEMIC | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Society For Reproductive Medicine Birmingham, AL | $81,283,554 | $11,441,954 |
Florida Dental Association Tallahassee, FL | $11,005,037 | $5,651,647 |
North Carolina Medical Society 203 Raleigh, NC | $15,904,542 | $3,968,420 |
Hinman Dental Society Of Atlanta Inc Atlanta, GA | $11,294,917 | $4,619,424 |
Medical Association Of Georgia Atlanta, GA | $6,231,218 | $3,001,949 |
Florida Chiropractic Association Inc Oakland, FL | $8,645,086 | $2,277,529 |
American Association Of Physician Specialists Inc Tampa, FL | $5,014,914 | $3,228,382 |
Georgia Dental Association Inc Marietta, GA | $2,712,958 | $2,872,148 |
Wildwood Sanitarium Incorporated Wildwood, GA | $3,627,036 | $2,509,856 |
Allied Health Inc Fort Lauderdale, FL | $11,267 | $1,960,903 |
Georgia Association Of Emergency Medical Services Inc Mcdonough, GA | $1,632,654 | $1,922,256 |
International Society Of Travel Medicine Inc Alpharetta, GA | $2,423,580 | $2,109,057 |