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← MEDICAL SOCIETY OF NEW JERSEY

Form 990 for tax year 2023

Filed by MEDICAL SOCIETY OF NEW JERSEY.

Totals

Total revenue
$1,625,116
Total expenses
$1,617,467
Contributions and grants received
$273,053
Grants paid
$0
Program service revenue
$987,621
Investment income
$182,663
Other revenue
$181,779
Total assets, end of year
$557,734
Total liabilities, end of year
$3,271,838
Net assets or fund balances, end of year
-$2,714,104
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

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.

  • 1f · All other contributions, gifts and grants

    $273,053

  • 2a · Program service revenue: MEMBERSHIP DUES AND AS

    total $895,762 · related or exempt $895,762

  • 2b · Program service revenue: ANNUAL MEETING

    total $59,775 · related or exempt $59,775

  • 2f · All other program service revenue

    total $32,084 · related or exempt $32,084

  • 3 · Investment income

    total $21,751 · excluded $21,751

  • 4 · Income from investment of tax-exempt bond proceeds

    total $19,271 · excluded $19,271

  • 7a · Gross sales of assets other than inventory

    securities $635,407

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

    securities $493,766

  • 7c · Gain or loss

    securities $141,641

  • 7d · Net gain or loss

    total $141,641 · related or exempt $141,641

  • 11a · Other revenue: CONTINUOUS MEDICAL EDU

    total $135,559 · related or exempt $135,559

  • 11b · Other revenue: MANAGEMENT FEES

    total $44,970 · related or exempt $44,970

  • 11c · Other revenue: CLAIMS REVENUE SERVICE

    total $1,000 · related or exempt $1,000

  • 11d · All other revenue

    total $250 · related or exempt $250

  • 11e · Other revenue, total

    $181,779

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $393,396

  • 7 · Other salaries and wages

    total $333,401

  • 8 · Pension plan contributions

    total $13,822

  • 10 · Payroll taxes

    total $54,961

  • 11b · Fees: legal

    total $3,456

  • 11c · Fees: accounting

    total $24,500

  • 11g · Fees: other

    total $140,717

  • 13 · Office expenses

    total $29,316

  • 16 · Occupancy

    total $106,765

  • 17 · Travel

    total $7,901

  • 19 · Conferences, conventions and meetings

    total $224,084

  • 20 · Interest

    total $5,896

  • 22 · Depreciation, depletion and amortization

    total $3,656

  • 23 · Insurance

    total $112,636

  • 24a · Other expenses: LICENSES AND FEES

    total $65,465

  • 24b · Other expenses: MEMBERSHIP SERVICES

    total $50,348

  • 24c · Other expenses: PROGRAM EXPENSES

    total $35,000

  • 24d · Other expenses: REPAIRS AND MAINTENANCE

    total $9,198

  • 24e · All other expenses

    total $2,949

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,089 · end of year $22,275

  • 2 · Savings and temporary cash investments

    beginning of year $18,580 · end of year $140,759

  • 4 · Accounts receivable

    beginning of year $233,830 · end of year $286,872

  • 9 · Prepaid expenses and deferred charges

    beginning of year $36,461 · end of year $27,332

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

    $811,943

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

    $801,500

  • 10c · Land, buildings and equipment, net

    beginning of year $14,099 · end of year $10,443

  • 11 · Investments: publicly traded securities

    beginning of year $551,065 · end of year $70,053

  • 17 · Accounts payable and accrued expenses

    beginning of year $512,471 · end of year $566,505

  • 19 · Deferred revenue

    beginning of year $631,951 · end of year $660,432

  • 25 · Other liabilities

    beginning of year $2,527,141 · end of year $2,044,901

  • 27 · Net assets without donor restrictions

    beginning of year -$2,814,439 · end of year -$2,714,104

Mission and programs · 2023

Mission

THE SOCIETY IS A MEMBERSHIP ORGANIZATION OF PHYSICIANS THAT ADMINISTERS MEMBER SERVICES AND ORGANIZES CONFERENCES AND SEMINARS FOR THE BENEFIT OF MEMBERS. TO PROMOTE THE BETTERMENT OF THE PUBLIC HEALTH AND THE SCIENCE AND THE ART OF MEDICINE, TO ENLIGHTEN PUBLIC OPINION IN REGARD TO THE PROBLEMS OF MEDICINE AND TO SAFEGUARD THE RIGHTS OF THE PRACTICE OF MEDICINE.

Activities or mission (Part I)

THE SOCIETY IS A MEMBERSHIP ORGANIZATION OF PHYSICIANS THAT ADMINISTERS MEMBER SERVICES AND ORGANIZES CONFERENCES AND SEMINARS FOR THE BENEFIT OF THE MEMBERS.

  • MSNJ ADVOCATED FOR PRIOR AUTHORIZATION REFORMS AND SUCCESSFULLY MOVED LEGISLATION THROUGH THE LEGISLATURE THAT STREAMLINES THE PRIOR AUTHORIZATION PROCESS AND SHORTENS TIMEFRAMES FOR DECISIONS BY INSURERS FROM 15 DAYS TO 48 HOURS IN MOST CASES. THE LAW ALSO PROVIDES TRANSPARENCY INTO THE PRIOR AUTHORIZATION PROGRAMS USED BY HEALTH INSURERS.

  • MSNJ IS WORKING WITH THE LORNA BREEN HEROES FOUNDATION TO CHANGE HOW MEDICAL LICENSING AND PRIVILEGING QUESTIONS ARE PHRASED TO CREATE ACCESS TO MENTAL HEALTH TREATMENT FOR LICENSED HEALTH PROFESSIONALS. BY DE-STIGMATIZING INSTITUTIONAL APPLICATIONS, MSNJ IS SEEKING TO REMOVE EXISTING BARRIERS TO MENTAL HEALTH CARE ACCESS FOR ITS MEMBERS.

  • MSNJ PROVIDES HEALTH INFORMATION EXCHANGE SERVICES FOR PHYSICIANS AND MEDICAL PRACTICES TO SHARE INFORMATION ON COMMON PATIENTS. MSNJ ALSO PROVIDES ENCOUNTER NOTIFICATIONS TO PRACTICES TO ALERT THEM WHEN A PATIENT HAS BEEN ADMITTED OR DISCHARGED FROM AN ACUTE FACILITY.

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Steven Orland MD

    IMMEDIATE PAST PRESIDENT

    Total calculated
    $0
    Hours/week
    1
  • Donald M Chervenak MD

    PRESIDENT

    Total calculated
    $40,000
    From this org
    $40,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    5
  • David Swee MD

    PRESIDENT - ELECT

    Total calculated
    $0
    Hours/week
    1
  • Peter Blumental MD

    1ST VICE-PRESIDENT

    Total calculated
    $0
    Hours/week
    1
  • Sumul Raval MD

    TREASURER

    Total calculated
    $0
    Hours/week
    1
  • Nicole Henry-Dindial MD

    2ND VICE-PRESIDENT

    Total calculated
    $0
    Hours/week
    1
  • Jay Bowen Do

    SECRETARY

    Total calculated
    $0
    Hours/week
    0
  • Christopher Gribbin MD

    SPEAKER, HOUSE OF DELEGATE

    Total calculated
    $0
    Hours/week
    0
  • Robyn Agri MD

    MEMBER

    Total calculated
    $0
    Hours/week
    0
  • Catherine Mazzola MD

    MEMBER

    Total calculated
    $0
    Hours/week
    0
  • John Kulin Do

    MEMBER

    Total calculated
    $0
    Hours/week
    0
  • Naveen Mehrotra MD

    MEMBER

    Total calculated
    $0
    Hours/week
    0
  • Jamil Mohsin MD

    MEMBER, LARGE GROUP

    Total calculated
    $0
    Hours/week
    0
  • Myriam Mondestin-Sorrentino MD

    MEMBER

    Total calculated
    $0
    Hours/week
    0
  • Tina Zecca Do

    MEMBER

    Total calculated
    $0
    Hours/week
    0
  • Lawrence Downs Esq

    CEO

    Total calculated
    $218,604
    From this org
    $210,196
    From related orgs
    $0
    Other
    $8,408
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $210,196
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $8,408
    Filer's total
    $218,604
  • Joshua Bengal

    MANAGER, GOVERNMENT RELATI

    Total calculated
    $148,928
    From this org
    $143,200
    From related orgs
    $0
    Other
    $5,728
    Hours/week
    40

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 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • THE MEDICAL SOCIETY OF NEW JERSEY INSURANCE AGENCY LLC

    PROVIDING LOW COST SELF-INSURED HEALTH INSURANCE. · NJ · income $3,200 · assets $800,374

    Directly controlled by MEDICAL SOCIETY OF NEW JERSEY

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • MRAC INC

    C · PROVIDES MEDICAL ACCREDITATION SERVICES · NJ · 100% owned

    Directly controlled by MEDICAL SOCIETY OF NEW JERSEY

Provenance

Return type
form_990
Tax year
2023
Filed
10 April 2025
IRS schema version
2023v6.0
Source object
202501009349301300

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