Form 990 for tax year 2022
Filed by MILWAUKEE ACADEMY OF MEDICINE INC.
Totals
- Total revenue
- $51,474
- Total expenses
- $50,594
- Contributions and grants received
- $25,248
- Grants paid
- $0
- Program service revenue
- $3,355
- Investment income
- $22,871
- Other revenue
- $0
- Total assets, end of year
- $657,966
- Total liabilities, end of year
- $1,297
- Net assets or fund balances, end of year
- $656,669
- Program services expenses (Part IX)
- $32,032
- Management and general expenses
- $18,562
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $32,032
Program services were 63.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1b · Membership dues
$24,898
-
1f · All other contributions, gifts and grants
$350
-
2a · Program service revenue: DINNER SPEAKER PROGRAM INCOME
total $3,355 · related or exempt $3,355
-
3 · Investment income
total $7,140 · related or exempt $7,140
-
7a · Gross sales of assets other than inventory
securities $56,968
-
7b · Less cost or other basis and sales expenses
securities $41,237
-
7c · Gain or loss
securities $15,731
-
7d · Net gain or loss
total $15,731 · related or exempt $15,731
Functional expenses
Part IX, the statement of functional expenses.
-
6 · Compensation of disqualified persons
total $21,498 · program services $17,199 · management and general $4,299
-
10 · Payroll taxes
total $3,289 · program services $2,631 · management and general $658
-
11a · Fees: management
total $7,260 · management and general $7,260
-
11c · Fees: accounting
total $2,360 · management and general $2,360
-
13 · Office expenses
total $449 · program services $359 · management and general $90
-
14 · Information technology
total $1,388 · program services $694 · management and general $694
-
23 · Insurance
total $3,201 · management and general $3,201
-
24a · Other expenses: SPEAKER DINNER EXPENSE
total $6,968 · program services $6,968
-
24b · Other expenses: PROGRAM SPEAKERS
total $3,500 · program services $3,500
-
24c · Other expenses: CREDIT CARD PROCESSING FE
total $301 · program services $301
-
24d · Other expenses: DONATION EXPENSE
total $300 · program services $300
-
24e · All other expenses
total $80 · program services $80
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $9,226 · end of year $16,802
-
4 · Accounts receivable
beginning of year $900 · end of year $53
-
9 · Prepaid expenses and deferred charges
beginning of year $110
-
10a · Land, buildings and equipment: cost or other basis
$7,056
-
10b · Land, buildings and equipment: accumulated depreciation
$7,055
-
10c · Land, buildings and equipment, net
beginning of year $1 · end of year $1
-
11 · Investments: publicly traded securities
beginning of year $511,076 · end of year $438,369
-
15 · Other assets
beginning of year $202,741 · end of year $202,741
-
25 · Other liabilities
end of year $1,297
-
29 · Capital stock, trust principal or current funds
beginning of year $724,054 · end of year $656,669
Mission and programs · 2022
Mission
THE MILWAUKEE ACADEMY OF MEDICINE IS DEDICATED TO THE ADVANCEMENT OF SCIENCE AND MEDICINE, EDUCATION, PROFESSIONAL COLLEGIALITY, PUBLIC SERVICE AND THE PRESERVATION OF OUR MEDICAL HERITAGE.
Activities or mission (Part I)
THE MILWAUKEE ACADEMY OF MEDICINE IS DEDICATED TO THE ADVANCEMENT OF SCIENCE AND MEDICINE.
-
DINNER SPEAKERS FOR THE PROMOTION OF MEDICAL SCIENCE. EIGHT VIRTUAL MEETINGS TOOK PLACE DURING 2022 WITH THE AVERAGE ATTENDANCE OF 29 PEOPLE.
Expenses $32,032 · Revenue $3,355
As filed on the 2022 return.
Listed in Part VII
-
Mary Wolverton JDMARY WOLVERTON JD
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Geoffrey Lamb MDGEOFFREY LAMB MD
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.25
-
Jerome Van Ruiswyk MDJEROME VAN RUISWYK MD
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.25
-
Walt WojcikWALT WOJCIK
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Edwin Montgomery MDEDWIN MONTGOMERY MD
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.25
-
Marlene Melzer-Lange MDMARLENE MELZER-LANGE MD
PRESIDENT
- Total calculated
- $0
- Hours/week
- 0.5
-
Paul Halverson MDPAUL HALVERSON MD
PRESIDENT EL
- Total calculated
- $0
- Hours/week
- 0.5
-
Carol Pohl MDCAROL POHL MD
TREASURER
- Total calculated
- $0
- Hours/week
- 0.5
-
Ellen Blank MDELLEN BLANK MD
SECRETARY
- Total calculated
- $0
- Hours/week
- 0.5
-
Leslie Martin MDLESLIE MARTIN MD
PAST PRESIDE
- Total calculated
- $0
- Hours/week
- 0.5
-
Rita Hanson MDRITA HANSON MD
COUNCIL MEMB
- Total calculated
- $0
- Hours/week
- 1
-
Sabina Diehr MDSABINA DIEHR MD
COUNCIL MEMB
- Total calculated
- $0
- Hours/week
- 0.25
-
Kiran Sagar MDKIRAN SAGAR MD
COUNCIL MEMB
- Total calculated
- $0
- Hours/week
- 0.5
-
George Lange MDGEORGE LANGE MD
PUBLIC SRVC
- Total calculated
- $0
- Hours/week
- 0.5
-
Frank Wilson MDFRANK WILSON MD
HIST OF MED
- Total calculated
- $0
- Hours/week
- 0.5
-
William Martens MDWILLIAM MARTENS MD
MEMBERSHIP C
- Total calculated
- $0
- Hours/week
- 0.5
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 16 August 2023
- IRS schema version
- 2022v5.0
- Source object
- 202342309349300014
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