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← INDIANA STATE MEDICAL ASSOCIATION

Form 990 for tax year 2022

Filed by INDIANA STATE MEDICAL ASSOCIATION.

Totals

Total revenue
$4,018,997
Total expenses
$4,383,305
Contributions and grants received
$2,018,754
Grants paid
$3,100
Program service revenue
$176,577
Investment income
$794,851
Other revenue
$1,028,815
Total assets, end of year
$19,125,750
Total liabilities, end of year
$2,128,709
Net assets or fund balances, end of year
$16,997,041
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.

  • 1b · Membership dues

    $2,018,754

  • 2a · Program service revenue: PROGRAM SEMINAR REVENU

    total $158,850 · related or exempt $158,850

  • 2b · Program service revenue: PUBLICATION REVENUE

    total $17,727 · related or exempt $17,727

  • 3 · Investment income

    total $751,406 · excluded $751,406

  • 5 · Royalties

    total $635,297 · related or exempt $635,297

  • 7a · Gross sales of assets other than inventory

    securities $323,560 · other assets $78,485

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

    securities $315,590 · other assets $43,010

  • 7c · Gain or loss

    securities $7,970 · other assets $35,475

  • 7d · Net gain or loss

    total $43,445 · excluded $43,445

  • 11a · Other revenue: ADMINISTRATIVE SERVICE

    total $230,365 · unrelated business $230,365

  • 11b · Other revenue: GRANTS AND SPONSORSHIP

    total $99,521 · related or exempt $99,521

  • 11c · Other revenue: ACCREDITATION CME

    total $58,225 · related or exempt $58,225

  • 11d · All other revenue

    total $5,407 · related or exempt $442 · unrelated business $4,965

  • 11e · Other revenue, total

    $393,518

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $3,100

  • 5 · Compensation of officers, directors and key employees

    total $514,045

  • 7 · Other salaries and wages

    total $1,565,008

  • 8 · Pension plan contributions

    total $170,514

  • 9 · Other employee benefits

    total $503,905

  • 10 · Payroll taxes

    total $136,547

  • 11b · Fees: legal

    total $239,824

  • 11c · Fees: accounting

    total $45,165

  • 11d · Fees: lobbying

    total $33,000

  • 11f · Fees: investment management

    total $20,845

  • 11g · Fees: other

    total $113,711

  • 12 · Advertising and promotion

    total $4,390

  • 13 · Office expenses

    total $208,876

  • 14 · Information technology

    total $130,519

  • 16 · Occupancy

    total $214,581

  • 17 · Travel

    total $126,859

  • 19 · Conferences, conventions and meetings

    total $202,892

  • 22 · Depreciation, depletion and amortization

    total $31,614

  • 23 · Insurance

    total $37,731

  • 24a · Other expenses: LICENSES AND FEES

    total $43,873

  • 24b · Other expenses: REPAIRS AND MAINTENANCE

    total $16,056

  • 24c · Other expenses: BAD DEBTS

    total $12,000

  • 24d · Other expenses: MISCELLANEOUS EXPENSES

    total $4,876

  • 24e · All other expenses

    total $3,374

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,125,068 · end of year $790,140

  • 4 · Accounts receivable

    beginning of year $28,940 · end of year $61,555

  • 9 · Prepaid expenses and deferred charges

    beginning of year $158,153 · end of year $140,349

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

    $548,152

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

    $470,549

  • 10c · Land, buildings and equipment, net

    beginning of year $46,335 · end of year $77,603

  • 11 · Investments: publicly traded securities

    beginning of year $20,629,129 · end of year $17,898,588

  • 12 · Investments: other securities

    beginning of year $1,000 · end of year $1,000

  • 15 · Other assets

    beginning of year $285,619 · end of year $156,515

  • 17 · Accounts payable and accrued expenses

    beginning of year $907,135 · end of year $769,055

  • 19 · Deferred revenue

    beginning of year $800,046 · end of year $987,295

  • 25 · Other liabilities

    beginning of year $275,628 · end of year $372,359

  • 27 · Net assets without donor restrictions

    beginning of year $20,291,435 · end of year $16,997,041

Mission and programs · 2022

Mission

THE INDIANA STATE MEDICAL ASSOCIATION EXISTS TO MAXIMIZE THE LEADERSHIP AND IMPACT OF PHYSICIANS.

Activities or mission (Part I)

THE INDIANA STATE MEDICAL ASSOC EXISTS TO MAXIMIZE THE LEADERSHIP AND IMPACT OF PHYSICIANS.

  • THE ASSOCIATION CONDUCTS BUSINESS FOR THE PURPOSE OF IMPROVING THE KNOWLEDGE AND STANDARDS OF MEDICAL MATTERS IN INDIANA. ALL ACTIVITIES ARE CARRIED ON TO ACCOMPLISH THE OBJECTIVES OF THE ASSOCIATION. THIS IS DONE THROUGH SEMINARS AND PUBLICATIONS WHICH EXTEND MEMBERS' MEDICAL KNOWLEDGE AND ELEVATE STANDARDS OF MEDICAL EDUCATION, FIELD SERVICES WHICH KEEP MEMBERS ABREAST OF NEW DEVELOPMENTS IN AN EVER-CHANGING ENVIRONMENT, AND LEGISLATIVE SERVICES WHICH HELP MEMBERS PARTICIPATE IN GOVERNMENT TO HELP DERIVE THE BEST HEALTH CARE SYSTEM FOR THE COMMUNITY, AND PROVIDE BENEFITS TO MEMBERS.

As filed on the 2022 return.

Listed in Part VII

  • Michael Kellams Do

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Gregory Quin MD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Jane Bridges MD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Maria Del Rio Hoover MD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Mary McAteer MD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Jacques Daoud MD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Teresa Lovins MD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Ryan Singerman Do

    TRUSTEE & BOARD CHAIR

    Total calculated
    $0
    Hours/week
    1

  • William Pond MD

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Thomas Orman MD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Pardeep Kumar MD

    PRESIDENT

    Total calculated
    $22,000
    From this org
    $22,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Aisha Shareef MD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Rebecca Case MD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Vipul Brahmbhatt MD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Helen Borgenheimer MD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Genevieve Lankowicz MD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • J Elizabeth Struble MD

    IMMEDIATE PAST PRESIDENT

    Total calculated
    $65,120
    From this org
    $65,120
    From related orgs
    $0
    Other
    $0
    Hours/week
    6

  • David Diaz MD

    PRESIDENT-ELECT

    Total calculated
    $18,480
    From this org
    $18,480
    From related orgs
    $0
    Other
    $0
    Hours/week
    12

  • Shalin Arnett Do

    ASSISTANT TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Caitlin Harmon Do

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Paul Akre

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Andreia Alexander MD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Robert Flint MD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Andrew Trobridge MD

    SPEAKER

    Total calculated
    $0
    Hours/week
    1

  • Julie Reed JD

    EXECUTIVE VICE PRESIDENT

    Total calculated
    $494,330
    From this org
    $408,445
    From related orgs
    $0
    Other
    $85,885
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $328,054
    Bonus
    $20,000
    Other
    $60,391
    Deferred
    $57,302
    Nontaxable benefits
    $28,583
    Filer's total
    $494,330

  • Alexander Choi MD

    VICE SPEAKER

    Total calculated
    $0
    Hours/week
    1

  • Mark Ingold

    VICE PRESIDENT OF FINANCE

    Total calculated
    $159,974
    From this org
    $125,256
    From related orgs
    $0
    Other
    $34,718
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $118,899
    Bonus
    $6,357
    Other
    $0
    Deferred
    $16,608
    Nontaxable benefits
    $18,110
    Filer's total
    $159,974

  • John Ruckelshaus

    VP OF GOVT AFFAIRS

    Total calculated
    $221,891
    From this org
    $182,891
    From related orgs
    $0
    Other
    $39,000
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $178,900
    Bonus
    $3,991
    Other
    $0
    Deferred
    $5,698
    Nontaxable benefits
    $33,302
    Filer's total
    $221,891

  • Roberto Darroca MD

    FORMER PAST PRESIDENT

    Total calculated
    $25,520
    From this org
    $25,520
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $25,520
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $25,520

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.

  • INDIANA MEDICAL FOUNDATION INC

    501(C)(3) · EDUCATION FOR MEDICAL PROFESSIONALS · IN · controlled entity

    Directly controlled by INDIANA STATE MEDICAL ASSOCIATION

  • INDIANA MEDICAL POLITICAL ACTION COMMITTEE

    527 · IMPROVEMENT OF MEDICAL COMMUNITY THROUGH POLITICAL ACTION · IN

    Directly controlled by INDIANA MEDICAL POLITICAL ACTION COMMITTEE

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.

Related corporations and trusts

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

  • INDIANA STATE MEDICAL ASSOCIATION INSURANCE AGENCY INC

    C · INSURANCE AGENCY · IN · 100% owned · share of income $186,946 · share of assets $1,104,330 · controlled entity

Provenance

Return type
form_990
Tax year
2022
Filed
8 August 2023
IRS schema version
2022v5.0
Source object
202322209349301327

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