Form 990 for tax year 2023
Filed by INDIANA STATE MEDICAL ASSOCIATION.
Totals
- Total revenue
- $4,387,340
- Total expenses
- $4,724,822
- Contributions and grants received
- $2,001,327
- Grants paid
- $3,650
- Program service revenue
- $177,318
- Investment income
- $1,024,026
- Other revenue
- $1,184,669
- Total assets, end of year
- $19,722,843
- Total liabilities, end of year
- $1,888,156
- Net assets or fund balances, end of year
- $17,834,687
- 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
$2,001,327
-
2a · Program service revenue: PROGRAM SEMINAR REVENUE
total $160,210 · related or exempt $160,210
-
2b · Program service revenue: PUBLICATION REVENUE
total $17,108 · related or exempt $17,108
-
3 · Investment income
total $904,664 · excluded $904,664
-
5 · Royalties
total $722,694 · related or exempt $722,694
-
7a · Gross sales of assets other than inventory
securities $1,603,343
-
7b · Less cost or other basis and sales expenses
securities $1,483,981
-
7c · Gain or loss
securities $119,362
-
7d · Net gain or loss
total $119,362 · excluded $119,362
-
11a · Other revenue: ADMINISTRATIVE SERVICES
total $227,576 · unrelated business $227,576
-
11b · Other revenue: GRANTS AND SPONSORSHIPS
total $157,374 · related or exempt $157,374
-
11c · Other revenue: ACCREDITATION CME
total $66,625 · related or exempt $66,625
-
11d · All other revenue
total $10,400 · unrelated business $10,400
-
11e · Other revenue, total
$461,975
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $3,650
-
5 · Compensation of officers, directors and key employees
total $507,538
-
7 · Other salaries and wages
total $1,673,865
-
8 · Pension plan contributions
total $202,058
-
9 · Other employee benefits
total $565,526
-
10 · Payroll taxes
total $141,723
-
11b · Fees: legal
total $207,389
-
11c · Fees: accounting
total $47,670
-
11d · Fees: lobbying
total $39,000
-
11f · Fees: investment management
total $23,329
-
11g · Fees: other
total $202,878
-
12 · Advertising and promotion
total $4,400
-
13 · Office expenses
total $228,969
-
14 · Information technology
total $126,097
-
16 · Occupancy
total $232,272
-
17 · Travel
total $123,685
-
19 · Conferences, conventions and meetings
total $262,459
-
22 · Depreciation, depletion and amortization
total $18,735
-
23 · Insurance
total $39,404
-
24a · Other expenses: LICENSES AND FEES
total $46,576
-
24b · Other expenses: REPAIRS AND MAINTENANCE
total $18,335
-
24c · Other expenses: MISCELLANEOUS EXPENSES
total $5,476
-
24d · Other expenses: TAX EXPENSE
total $2,346
-
24e · All other expenses
total $1,442
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $790,140 · end of year $625,554
-
4 · Accounts receivable
beginning of year $61,555 · end of year $50,270
-
9 · Prepaid expenses and deferred charges
beginning of year $140,349 · end of year $150,483
-
10a · Land, buildings and equipment: cost or other basis
$548,152
-
10b · Land, buildings and equipment: accumulated depreciation
$492,728
-
10c · Land, buildings and equipment, net
beginning of year $77,603 · end of year $55,424
-
11 · Investments: publicly traded securities
beginning of year $17,898,588 · end of year $18,652,735
-
12 · Investments: other securities
beginning of year $1,000 · end of year $1,000
-
15 · Other assets
beginning of year $156,515 · end of year $187,377
-
17 · Accounts payable and accrued expenses
beginning of year $769,055 · end of year $946,550
-
19 · Deferred revenue
beginning of year $987,295 · end of year $739,113
-
25 · Other liabilities
beginning of year $372,359 · end of year $202,493
-
27 · Net assets without donor restrictions
beginning of year $16,997,041 · end of year $17,834,687
Mission and programs · 2023
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 2023 return.
Listed in Part VII
-
Michael Kellams DoMICHAEL KELLAMS DO
TRUSTEE (DECEASED 03/2024)
- Total calculated
- $0
- Hours/week
- 1
-
Gregory Quin MDGREGORY QUIN MD
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Jane Bridges MDJANE BRIDGES MD
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Maria Del Rio Hoover MDMARIA DEL RIO HOOVER MD
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Mary McAteer MDMARY MCATEER MD
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Jacques Daoud MDJACQUES DAOUD MD
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Teresa Lovins MDTERESA LOVINS MD
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Ryan Singerman DoRYAN SINGERMAN DO
TRUSTEE & BOARD CHAIR
- Total calculated
- $18,480
- From this org
- $18,480
- From related orgs
- $0
- Other
- $0
- Hours/week
- 12
-
William Pond MDWILLIAM POND MD
PRESIDENT-ELECT
- Total calculated
- $0
- Hours/week
- 6
-
Pardeep Kumar MDPARDEEP KUMAR MD
IMMEDIATE PAST PRESIDENT
- Total calculated
- $65,120
- From this org
- $65,120
- From related orgs
- $0
- Other
- $0
- Hours/week
- 6
-
Aisha Shareef MDAISHA SHAREEF MD
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Rebecca Case MDREBECCA CASE MD
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Vipul Brahmbhatt MDVIPUL BRAHMBHATT MD
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Genevieve Lankowicz MDGENEVIEVE LANKOWICZ MD
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Seung Sim MDSEUNG SIM MD
ASSISTANT TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
David Diaz MDDAVID DIAZ MD
PRESIDENT
- Total calculated
- $22,000
- From this org
- $22,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 20
-
Shalin Arnett DoSHALIN ARNETT DO
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Andreia Alexander MDANDREIA ALEXANDER MD
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Robert Flint MDROBERT FLINT MD
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Robert Ehresman MDROBERT EHRESMAN MD
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Daniel Wegg MDDANIEL WEGG MD
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Kristen Rush MDKRISTEN RUSH MD
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Mohsin Mukhtar MDMOHSIN MUKHTAR MD
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
James Mauck MDJAMES MAUCK MD
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Luke VandeventerLUKE VANDEVENTER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Andrew Trobridge MDANDREW TROBRIDGE MD
SPEAKER
- Total calculated
- $0
- Hours/week
- 1
-
Julie Reed JDJULIE REED JD
EXECUTIVE VICE PRESIDENT
- Total calculated
- $473,321
- From this org
- $376,418
- From related orgs
- $0
- Other
- $96,903
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $351,418
- Bonus
- $25,000
- Other
- $0
- Deferred
- $63,817
- Nontaxable benefits
- $33,086
- Filer's total
- $473,321
-
Alexander Choi MDALEXANDER CHOI MD
VICE SPEAKER
- Total calculated
- $0
- Hours/week
- 1
-
John RuckelshausJOHN RUCKELSHAUS
VP OF GOVT AFFAIRS
- Total calculated
- $256,417
- From this org
- $192,462
- From related orgs
- $0
- Other
- $63,955
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $183,786
- Bonus
- $8,676
- Other
- $0
- Deferred
- $25,304
- Nontaxable benefits
- $38,651
- Filer's total
- $256,417
-
J Elizabeth Struble MDJ ELIZABETH STRUBLE 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
-
501(C)(6) · SUPPORT EMPLOYERS OF PHYSICIANS IN THE STATE OF INDIANA · IN · controlled entity
Directly controlled by INDIANA STATE MEDICAL ASSOCIATION
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 $173,162 · share of assets $1,058,329 · controlled entity
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 15 August 2024
- IRS schema version
- 2023v5.1
- Source object
- 202422429349300317
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
The source document this was parsed from is served over the API, which is where bulk and document access live.