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Nonprofiteer
← VERMONT MEDICAL SOCIETY

Form 990 for tax year 2024

Filed by VERMONT MEDICAL SOCIETY.

Totals

Total revenue
$1,169,540
Total expenses
$857,646
Contributions and grants received
$194,157
Grants paid
$0
Program service revenue
$741,739
Investment income
$182,648
Other revenue
$50,996
Total assets, end of year
$4,948,390
Total liabilities, end of year
$474,278
Net assets or fund balances, end of year
$4,474,112
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$593,710

Program services were 0.0% 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.

  • 1e · Government grants (contributions)

    $133,983

  • 1f · All other contributions, gifts and grants

    $60,174

  • 2a · Program service revenue: MEMBERSHIP DUES

    total $640,857 · related or exempt $640,857

  • 2b · Program service revenue: CONTRACTED SERVICES

    total $100,882 · related or exempt $100,882

  • 3 · Investment income

    total $132,237 · excluded $132,237

  • 6a · Gross rents

    real property $20,358

  • 6c · Rental income or loss

    real property $20,358

  • 6d · Net rental income or loss

    total $20,358 · excluded $20,358

  • 7a · Gross sales of assets other than inventory

    securities $984,015

  • 7b · Less cost or other basis and sales expenses

    securities $933,604

  • 7c · Gain or loss

    securities $50,411

  • 7d · Net gain or loss

    total $50,411 · excluded $50,411

  • 8c · Net income from fundraising events

    total $0

  • 11a · Other revenue: OTHER REVENUE

    total $8,211 · excluded $8,211

  • 11b · Other revenue: ANNUAL MEETING

    total $22,427 · related or exempt $22,427

  • 11e · Other revenue, total

    $30,638

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $143,705

  • 7 · Other salaries and wages

    total $220,461

  • 8 · Pension plan contributions

    total $37,098

  • 9 · Other employee benefits

    total $73,237

  • 10 · Payroll taxes

    total $27,764

  • 11b · Fees: legal

    total $96

  • 11c · Fees: accounting

    total $10,267

  • 11d · Fees: lobbying

    total $12,325

  • 11f · Fees: investment management

    total $24,380

  • 11g · Fees: other

    total $105,201

  • 13 · Office expenses

    total $7,719

  • 14 · Information technology

    total $21,044

  • 16 · Occupancy

    total $23,088

  • 17 · Travel

    total $22,412

  • 19 · Conferences, conventions and meetings

    total $67,465

  • 22 · Depreciation, depletion and amortization

    total $10,823

  • 23 · Insurance

    total $12,721

  • 24a · Other expenses: BANK FEES

    total $3,567 · program services $3,567

  • 24b · Other expenses: PRINTING

    total $342 · program services $342

  • 24c · Other expenses: DUES & SUBSCRIPTIONS

    total $11,173 · program services $11,173

  • 24d · Other expenses: MISCELLANEOUS

    total $22,758 · program services $22,758

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $460,829 · end of year $448,902

  • 2 · Savings and temporary cash investments

    beginning of year $344,167 · end of year $553,030

  • 3 · Pledges and grants receivable

    beginning of year $63,423 · end of year $40,986

  • 4 · Accounts receivable

    beginning of year $14,585 · end of year $9,344

  • 9 · Prepaid expenses and deferred charges

    beginning of year $22,944 · end of year $23,386

  • 10a · Land, buildings and equipment: cost or other basis

    $425,975

  • 10b · Land, buildings and equipment: accumulated depreciation

    $209,856

  • 10c · Land, buildings and equipment, net

    beginning of year $226,942 · end of year $216,119

  • 11 · Investments: publicly traded securities

    beginning of year $3,153,345 · end of year $3,650,685

  • 15 · Other assets

    beginning of year $11,876 · end of year $5,938

  • 17 · Accounts payable and accrued expenses

    beginning of year $26,516 · end of year $27,853

  • 19 · Deferred revenue

    beginning of year $423,374 · end of year $437,741

  • 25 · Other liabilities

    beginning of year $4,272 · end of year $8,684

  • 27 · Net assets without donor restrictions

    beginning of year $2,985,039 · end of year $3,640,172

  • 28 · Net assets with donor restrictions

    beginning of year $858,910 · end of year $833,940

Mission and programs · 2024

Mission

THE VERMONT MEDICAL SOCIETY IS THE LEADING VOICE OF PHYSICIANS AND PHYSICIAN ASSISTANTS IN THE STATE AND IS DEDICATED TO ADVANCING THE PRACTICE OF MEDICINE BY ADVOCATING ON BEHALF OF VERMONTS CLINICIANS AND THE PATIENTS AND COMMUNITIES THEY CARE FOR.

  • TO SERVE THE PUBLIC BY FACILITATING AND ENHANCING PHYSICIANS INDIVIDUAL AND COLLECTIVE COMMITMENTS, CAPABILITIES, AND EFFORTS TO IMPROVE THE QUALITY OF LIFE FOR THE PEOPLE OF VERMONT.

    Expenses $593,710 · Revenue $764,166

As filed on the 2024 return.

Listed in Part VII

  • Jessa Barnard

    EXECUTIVE DIRECTOR

    Total calculated
    $159,479
    From this org
    $143,705
    From related orgs
    $0
    Other
    $15,774
    Hours/week
    67.5

    Schedule J breakdown matched by us

    Base
    $138,705
    Bonus
    not reported
    Other
    $5,000
    Deferred
    $14,850
    Nontaxable benefits
    $924
    Filer's total
    $159,479
  • Simha Ravven

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.25
  • Catherine Schneider

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.25
  • Norman Ward

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.25
  • Mark Levine

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.25
  • Richard Page

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.25
  • Stephen Leffler

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.25
  • Anne Morris

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.25
  • Robert Tortolani

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.25
  • Carl Dobson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.25
  • Wendy Davis

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.25
  • John Leppman

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.25
  • Jacob Martin

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.25
  • Julie Lin

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.25
  • Amy Gregory

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.25
  • Adam Kunin

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.25
  • Ryan Clouser

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.25
  • Donald Dupuis

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.25
  • Jessie Leyse

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.25
  • Alison Davis

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.25
  • Aida Avdic

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.25
  • Alexandra Bannach

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.25
  • Sarah Bushweller

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.25
  • Lee Morrissette

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.25
  • Tamara Rimash

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.25
  • Priscilla Carr

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.25
  • Edward Borrazzo

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.25
  • Katie Allen

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.25
  • Molly Benoit

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.25
  • Bryan Monier

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.25
  • Keith Nagle

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.25
  • Surya Radhakrishan

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.25
  • Kimberley Sampson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.25
  • Ryan Sexton

    OUTGOING IMMEDIATE PAST PRESIDENT

    Total calculated
    $0
    Hours/week
    0.25
  • Rebecca Bell

    IMMEDIATE PAST PRESIDENT

    Total calculated
    $0
    Hours/week
    0.25
  • Lauren Macafee

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    0.25
  • Mark Fung

    SECRETARYTREASURER

    Total calculated
    $0
    Hours/week
    0.25
  • Naiim Ali

    PRESIDENT ELECT

    Total calculated
    $0
    Hours/week
    0.25
  • Katie Marvin

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0.25

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Written employment contract
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
13 November 2025
IRS schema version
2024v5.2
Source object
202513179349309716

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