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← THE MASSACHUSETTS MEDICAL SOCIETY AND ALLIANCE CHARITABLE FOUNDATION

Form 990 for tax year 2022

Filed by THE MASSACHUSETTS MEDICAL SOCIETY AND ALLIANCE CHARITABLE FOUNDATION.

Totals

Total revenue
$339,136
Total expenses
$266,297
Contributions and grants received
$219,504
Grants paid
$160,200
Program service revenue
$0
Investment income
$118,572
Other revenue
$1,060
Total assets, end of year
$2,837,978
Total liabilities, end of year
$92,675
Net assets or fund balances, end of year
$2,745,303
Program services expenses (Part IX)
$250,568
Management and general expenses
$15,729
Fundraising expenses
$0
Program service expenses (Part III)
$250,568

Program services were 94.1% 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.

  • 1d · Related organizations

    $100,000

  • 1f · All other contributions, gifts and grants

    $119,504

  • 3 · Investment income

    total $129,101 · excluded $129,101

  • 7a · Gross sales of assets other than inventory

    securities $433,741

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

    securities $444,270

  • 7c · Gain or loss

    securities -$10,529

  • 7d · Net gain or loss

    total -$10,529 · excluded -$10,529

  • 8a · Fundraising events: gross income

    $2,200

  • 8b · Fundraising events: direct expenses

    $1,140

  • 8c · Net income from fundraising events

    total $1,060 · excluded $1,060

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $141,700 · program services $141,700

  • 2 · Grants to domestic individuals

    total $18,500 · program services $18,500

  • 11c · Fees: accounting

    total $7,120 · management and general $7,120

  • 11f · Fees: investment management

    total $4,327 · management and general $4,327

  • 13 · Office expenses

    total $4,282 · management and general $4,282

  • 24a · Other expenses: FISCAL SPONSORSHIP GRAN

    total $90,368 · program services $90,368

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $69,116 · end of year $116,564

  • 3 · Pledges and grants receivable

    beginning of year $3,868 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $1,493,579 · end of year $1,502,074

  • 12 · Investments: other securities

    beginning of year $1,209,137 · end of year $1,219,340

  • 17 · Accounts payable and accrued expenses

    beginning of year $7,910 · end of year $20,910

  • 25 · Other liabilities

    beginning of year $0 · end of year $71,765

  • 27 · Net assets without donor restrictions

    beginning of year $2,695,745 · end of year $2,672,161

  • 28 · Net assets with donor restrictions

    beginning of year $72,045 · end of year $73,142

Mission and programs · 2022

Mission

TO SUPPORT THE CHARITABLE AND EDUCATIONAL ACTIVITIES OF THE MMS AND THE MMS ALLIANCE, INCLUDING, BUT NOT LIMITED TO, DEVELOPING AND NURTURING COOPERATION BETWEEN INDIVIDUALS, PROFESSIONS, INSTITUTIONS, AND THE COMMUNITY. (CONT'D ON SCHED O) (CONT'D) TO CREATIVELY ADDRESS ISSUES THAT AFFECT THE HEALTH, BENEFIT, AND WELFARE OF THE COMMUNITY.

Activities or mission (Part I)

SEE FORM 990, PART III, LINE 1

  • GRANTS TO ORGANIZATIONSTWELVE NONPROFITS WERE AWARDED $141,700 TO INTERVENE IN EARLY PREDICTORS OF POOR HEALTH OUTCOMES, SUCH AS HEALTH EQUITY, POVERTY, FOOD INSECURITY, AND ACCESS TO HEALTH CARE, SERVING MORE THAN 18,500 INDIVIDUALS.

    Expenses $141,700 · Grants $141,700

  • FISCAL SPONSORSHIPTHE FOUNDATION IS THE FISCAL SPONSOR ON TWO GRANTS THAT ARE MANAGED BY THE MASSACHUSETTS MEDICAL SOCIETY. THE GRANTS RELATE TO EDUCATIONAL INITIATIVES FOR PHYSICIANS.

    Expenses $90,368 · Revenue $82,500

  • GRANTS TO MEDICAL STUDENTS AND RESIDENT PHYSICIANSSIX MEDICAL STUDENTS FROM MASSACHUSETTS MEDICAL SCHOOLS, AND EIGHT RESIDENT PHYSICIANS FROM MASSACHUSETTS FACILITIES, RECEIVED GRANTS TO HELP OFFSET TRAVEL AND LODGING EXPENSES FOR STUDY IN ANOTHER COUNTRY AS THEY TRAIN TO BEOME CULTURALLY COMPENTENT PHYSICIANS WHO ARE PREPARED TO SERVE BOTH LOCAL AND INTERNATIONAL COMMUNITIES WITH HUMILITY AND RESPECT.

    Expenses $18,500 · Grants $18,500

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Lee Perrin MD

    CHAIR

    Total calculated
    $5,208
    From this org
    $0
    From related orgs
    $0
    Other
    $5,208
    Hours/week
    1.5 + 0.3 related

  • Beri O Songna MD

    VICE-CHAIR

    Total calculated
    $0
    Hours/week
    1.5

  • Bonnie Dunlap

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.5

  • Louis E Fazen III MD MPH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.5

  • Caitlin Farrell Do

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.5

  • Shaan Gandhi MD MBA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.5

  • Lynda Kabbash MD

    DIRECTOR

    Total calculated
    $25,000
    From this org
    $0
    From related orgs
    $25,000
    Other
    $0
    Hours/week
    1.5 + 0.3 related

  • Catherine Lew

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.5

  • Sahdev R Passey MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.5 + 0.3 related

  • Gail Gordon Sanchez

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.5

  • Hugh Taylor MD

    DIRECTOR

    Total calculated
    $29,167
    From this org
    $0
    From related orgs
    $29,167
    Other
    $0
    Hours/week
    2 + 0.3 related

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

The 10 largest by cash amount. The API serves every itemized grant.

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.

Related corporations and trusts

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

  • PHYSICIANS INSURANCE AGENCY

    C · INSURANCE · MA

Provenance

Return type
form_990
Tax year
2022
Filed
10 April 2024
IRS schema version
2022v5.0
Source object
202441019349301449

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