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Nonprofiteer
← MEDICAL SOCIETY OF VIRGINIA

Form 990 for tax year 2023

Filed by MEDICAL SOCIETY OF VIRGINIA.

Totals

Total revenue
$4,048,729
Total expenses
$4,984,043
Contributions and grants received
$0
Grants paid
$500
Program service revenue
$1,597,273
Investment income
$172,689
Other revenue
$2,278,767
Total assets, end of year
$10,581,770
Total liabilities, end of year
$8,040,758
Net assets or fund balances, end of year
$2,541,012
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.

  • 2a · Program service revenue: MEMBERSHIP DUES

    total $1,494,448 · related or exempt $1,494,448

  • 2b · Program service revenue: ANNUAL MEETING

    total $69,725 · excluded $69,725

  • 2c · Program service revenue: CME/SEMINARS

    total $33,100 · related or exempt $33,100

  • 3 · Investment income

    total $121,620 · excluded $121,620

  • 5 · Royalties

    total $23,023 · excluded $23,023

  • 6a · Gross rents

    real property $537,552

  • 6b · Less rental expenses

    real property $501,700

  • 6c · Rental income or loss

    real property $35,852

  • 6d · Net rental income or loss

    total $35,852 · unrelated business $35,852

  • 7a · Gross sales of assets other than inventory

    securities $408,855 · other assets $4,580

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

    securities $355,895 · other assets $6,471

  • 7c · Gain or loss

    securities $52,960 · other assets -$1,891

  • 7d · Net gain or loss

    total $51,069 · excluded $51,069

  • 11a · Other revenue: MSV FOUNDATION REIMBUR

    total $1,792,016 · related or exempt $1,792,016

  • 11b · Other revenue: MSVIC REIMBURSEMENT

    total $406,098 · related or exempt $406,098

  • 11c · Other revenue: MISCELLANEOUS

    total $13,453 · related or exempt $6,356 · unrelated business $7,097

  • 11d · All other revenue

    total $8,325 · unrelated business $8,325

  • 11e · Other revenue, total

    $2,219,892

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $500

  • 5 · Compensation of officers, directors and key employees

    total $686,793

  • 7 · Other salaries and wages

    total $2,124,956

  • 8 · Pension plan contributions

    total $72,280

  • 9 · Other employee benefits

    total $184,230

  • 10 · Payroll taxes

    total $173,488

  • 11b · Fees: legal

    total $123,528

  • 11c · Fees: accounting

    total $25,943

  • 11d · Fees: lobbying

    total $238,525

  • 11f · Fees: investment management

    total $18,407

  • 11g · Fees: other

    total $138,405

  • 12 · Advertising and promotion

    total $37,343

  • 13 · Office expenses

    total $136,004

  • 14 · Information technology

    total $201,637

  • 16 · Occupancy

    total $85,491

  • 17 · Travel

    total $53,341

  • 19 · Conferences, conventions and meetings

    total $244,962

  • 22 · Depreciation, depletion and amortization

    total $73,733

  • 23 · Insurance

    total $29,252

  • 24a · Other expenses: TAXES

    total $14,736

  • 24b · Other expenses: DUES AND SUBSCRIPTIONS

    total $112,354

  • 24c · Other expenses: MISCELLANEOUS

    total $94,777

  • 24d · Other expenses: AMA EXPENSES

    total $83,076

  • 24e · All other expenses

    total $30,282

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $79,049 · end of year $243,973

  • 2 · Savings and temporary cash investments

    beginning of year $75,192 · end of year $0

  • 4 · Accounts receivable

    beginning of year $119,289 · end of year $184,694

  • 9 · Prepaid expenses and deferred charges

    beginning of year $95,796 · end of year $95,447

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

    $9,828,736

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

    $4,363,246

  • 10c · Land, buildings and equipment, net

    beginning of year $5,511,509 · end of year $5,465,490

  • 11 · Investments: publicly traded securities

    beginning of year $3,688,017 · end of year $4,181,361

  • 15 · Other assets

    beginning of year $410,849 · end of year $410,805

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,838,531 · end of year $3,299,036

  • 19 · Deferred revenue

    beginning of year $630,474 · end of year $631,099

  • 23 · Secured mortgages and notes payable

    beginning of year $3,247,664 · end of year $3,042,043

  • 25 · Other liabilities

    beginning of year $108,492 · end of year $1,068,580

  • 27 · Net assets without donor restrictions

    beginning of year $3,154,540 · end of year $2,541,012

Mission and programs · 2023

Mission

TO PROMOTE THE SCIENCE AND ART OF MEDICINE FOR THE BENEFIT OF THE PEOPLE OF VIRGINIA, THE PROTECTION OF PUBLIC HEALTH AND THE BETTERMENT OF THE MEDICAL PROFESSION

  • THE SOCIETY WORKS TO REFORM ISSUES THAT STAND IN THE WAY OF BETTER HEALTH CARE FOR VIRGINIANS. THE SOCIETY'S GOVERNMENT AFFAIRS STAFF TAKES ACTION ON THE MOST PRESSING ISSUES FACING THE PROFESSION OF MEDICINE BY TRACKING KEY ISSUES AND DEVELOPING RELATIONSHIPS WITH LEGISLATORS TO EDUCATE THEM ON THE NEED FOR QUALITY HEALTHCARE IN VIRGINIA.

  • COMMUNICATIONS TO MEMBERSHIP INCLUDING PUBLICATIONS AND OTHER MEANS OF COMMUNICATION

  • THE SOCIETY OFFERS PROGRAMS AND OPPORTUNITIES DESIGNED TO HELP PHYSICIANS DEVELOP LEADERSHIP AND COMMUNICATION SKILLS FOCUSED ON INTERPROFESSIONAL COLLABORATION AND PROFESSIONAL ADVOCACY.

  • MEMBERSHIP SERVICES AND OTHER PROGRAMS

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

Listed in Part VII

  • Alice T Coombs MD

    PRESIDENT

    Total calculated
    $15,000
    From this org
    $15,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Joel Bundy MD

    PRESIDENT-ELECT

    Total calculated
    $0
    Hours/week
    2

  • Harry L Gewanter MD

    IMMEDIATE PAST PRESIDENT

    Total calculated
    $45,000
    From this org
    $45,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Larry G Mitchell MD

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Michele Nedelka MD

    SPEAKER OF THE HOUSE

    Total calculated
    $0
    Hours/week
    2

  • Atul V Marathe MD

    VICE SPEAKER

    Total calculated
    $0
    Hours/week
    2

  • Bobbie Sperry MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Lee Ouyang MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Sharon Sheffield MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Carolyn Burns MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Mark Townsend MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Gary P Miller

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Mark Kleiner MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Peter A Netland MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Karen Rheuban MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Marc C Alembik MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Jan M Wilcox MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Andrea R Giacometti

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Soheila Rostami

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Jose Morey MD

    MSVF DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Art Saavedra MD

    ACADEMIC DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Pooja Gajulapalli MD

    RESIDENT DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Shreya Mandava

    STUDENT DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Melina Davis-Martin

    EXECUTIVE VICE PRESIDENT

    Total calculated
    $535,427
    From this org
    $445,399
    From related orgs
    $0
    Other
    $90,028
    Hours/week
    34 + 6 related

    Schedule J breakdown matched by us

    Base
    $342,941
    Bonus
    $102,458
    Other
    $0
    Deferred
    $77,369
    Nontaxable benefits
    $12,659
    Filer's total
    $535,427

  • Melvin Hodges

    CFO

    Total calculated
    $188,441
    From this org
    $140,091
    From related orgs
    $0
    Other
    $48,350
    Hours/week
    30 + 10 related

    Schedule J breakdown matched by us

    Base
    $108,223
    Bonus
    $31,868
    Other
    $0
    Deferred
    $14,517
    Nontaxable benefits
    $33,833
    Filer's total
    $188,441

  • Michael Barrineau

    SENIOR DIRECTOR OF HEALTH

    Total calculated
    $184,421
    From this org
    $156,966
    From related orgs
    $0
    Other
    $27,455
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $121,824
    Bonus
    $35,142
    Other
    $0
    Deferred
    $16,178
    Nontaxable benefits
    $11,277
    Filer's total
    $184,421

  • Mary Beth McIntire

    CHIEF PROGRAM OFFICER

    Total calculated
    $290,518
    From this org
    $264,980
    From related orgs
    $0
    Other
    $25,538
    Hours/week
    26 + 14 related

    Schedule J breakdown matched by us

    Base
    $165,830
    Bonus
    $99,150
    Other
    $0
    Deferred
    $20,637
    Nontaxable benefits
    $4,901
    Filer's total
    $290,518

  • Matthew Smith

    AVP OF MARKETING & COMMUNI

    Total calculated
    $128,543
    From this org
    $113,325
    From related orgs
    $0
    Other
    $15,218
    Hours/week
    40

  • Margaret Harris

    AVP OF INFORMATION TECHNOL

    Total calculated
    $142,120
    From this org
    $118,837
    From related orgs
    $0
    Other
    $23,283
    Hours/week
    40

  • Tina Hulser

    CHIEF HUMAN RESOURCES OFFI

    Total calculated
    $233,054
    From this org
    $212,798
    From related orgs
    $0
    Other
    $20,256
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $115,882
    Bonus
    $96,916
    Other
    $0
    Deferred
    $14,571
    Nontaxable benefits
    $5,685
    Filer's total
    $233,054

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 · 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.

  • MSVII LLC

    OWNS AND OPERATES BUILDING WHERE MSV IS LOCATED · VA · income $680,683 · assets $5,453,164

    Directly controlled by THE MEDICAL SOCIETY OF VIRGINIA

Related corporations and trusts

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

  • MSV SERVICES CORPORATION

    C · PROVIDES INSURANCE PRODUCTS & OTHER SERVICES TO MEMBERS AND OTHERS · VA · 100% owned · share of income $3,233,476 · share of assets $187,614 · controlled entity

    Directly controlled by THE MEDICAL SOCIETY OF VIRGINIA

Provenance

Return type
form_990
Tax year
2023
Filed
15 May 2024
IRS schema version
2023v5.0
Source object
202421369349306172

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