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← AMERICAN COLLEGE OF PHYSICIANS SERVICES

Form 990 for tax year 2023

Filed by AMERICAN COLLEGE OF PHYSICIANS SERVICES.

Totals

Total revenue
$749,972
Total expenses
$652,773
Contributions and grants received
$146,221
Grants paid
$0
Program service revenue
$566,348
Investment income
$37,403
Other revenue
$0
Total assets, end of year
$572,118
Total liabilities, end of year
$51,313
Net assets or fund balances, end of year
$520,805
Program services expenses (Part IX)
$304,305
Management and general expenses
$348,468
Fundraising expenses
$0
Program service expenses (Part III)
$304,305

Program services were 46.6% 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.

  • 1b · Membership dues

    $142,221

  • 1e · Government grants (contributions)

    $4,000

  • 2a · Program service revenue: SHARED SERVICES INCOME

    total $242,500 · related or exempt $242,500

  • 2b · Program service revenue: MLMIC ENDORSEMENT

    total $200,000 · related or exempt $200,000

  • 2c · Program service revenue: SCOPE OF PAIN

    total $90,118 · related or exempt $90,118

  • 2d · Program service revenue: ACP - CHAPTER EXCELLENCE

    total $25,500 · related or exempt $25,500

  • 2e · Program service revenue: MISCELLANEOUS INCOME

    total $8,230 · related or exempt $8,230

  • 3 · Investment income

    total $13,821 · related or exempt $13,821

  • 7a · Gross sales of assets other than inventory

    securities $43,980

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

    securities $20,398

  • 7c · Gain or loss

    securities $23,582

  • 7d · Net gain or loss

    total $23,582 · related or exempt $23,582

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $465,041 · program services $227,870 · management and general $237,171

  • 8 · Pension plan contributions

    total $41,000 · program services $20,090 · management and general $20,910

  • 10 · Payroll taxes

    total $38,209 · program services $18,723 · management and general $19,486

  • 11b · Fees: legal

    total $10,907 · management and general $10,907

  • 11c · Fees: accounting

    total $6,100 · management and general $6,100

  • 13 · Office expenses

    total $53,894 · management and general $53,894

  • 19 · Conferences, conventions and meetings

    total $18,737 · program services $18,737

  • 24a · Other expenses: MEMBERSHIP DEVELOPMENT

    total $18,104 · program services $18,104

  • 24b · Other expenses: MISCELLANEOUS

    total $781 · program services $781

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $200 · end of year $200

  • 2 · Savings and temporary cash investments

    beginning of year $44,689 · end of year $88,952

  • 4 · Accounts receivable

    end of year $16,781

  • 7 · Other notes and loans receivable

    end of year $2,500

  • 11 · Investments: publicly traded securities

    beginning of year $477,971 · end of year $463,685

  • 17 · Accounts payable and accrued expenses

    beginning of year $44,053 · end of year $51,313

  • 25 · Other liabilities

    beginning of year $74,973

  • 27 · Net assets without donor restrictions

    beginning of year $403,834 · end of year $520,805

Mission and programs · 2023

Mission

CULTIVATE THE SCIENCE OF INTERNAL MEDICINE, IMPROVE AND PROMOTE BY STUDY, RESEARCH AND PUBLICATIONS OF THE KNOWLEDGE OF INTERNAL MEDICINE, AND APPLICATION OF SUCH KNOWLEDGE TO THE PREVENTION OF DISEASE.

Activities or mission (Part I)

THE ORGANIZATION IS DEDICATED TO ADVANCING THE SPECIALTY OF INTERNAL MEDICINE AND IMPROVING PATIENT CARE IN NEW YORK STATE THROUGH EDUCATION, ADVOCACY AND QUALITY IMPROVEMENT.

  • CULTIVATE THE SCIENCE OF INTERNAL MEDICINE, IMPROVE AND PROMOTE BY STUDY, RESEARCH AND PUBLICATIONS OF THE KNOWLEDGE OF INTERNAL MEDICINE, AND APPLICATION OF SUCH KNOWLEDGE OF THE PREVENTION OF DISEASE.

    Expenses $304,305 · Revenue $570,348

As filed on the 2023 return.

Listed in Part VII

  • Loretta Ponesse

    EXECUTIVE DI

    Total calculated
    $157,000
    From this org
    $157,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $157,000
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $157,000
  • Susan Lee MD Facp

    PRESIDENT

    Total calculated
    $0
  • John Hall MD Facp

    SECRETARY

    Total calculated
    $0
  • Michael Locurio MD Facp

    TREASURER

    Total calculated
    $0
  • Paul Kuperschmid MD Facp

    BOARD MEMBER

    Total calculated
    $0
  • Vasundhara Singh MD Facp

    BOARD MEMBER

    Total calculated
    $0
  • Cori Salvit MD Facp

    BOARD MEMBER

    Total calculated
    $0
  • Amit Saxena Ma Facp

    BOARD MEMBER

    Total calculated
    $0
  • Evan Siau MD Facp

    BOARD MEMBER

    Total calculated
    $0
  • Ofek Hai MD Facp

    BOARD MEMBER

    Total calculated
    $0
  • Matsuko Takeshige Do Facp

    BOARD MEMBER

    Total calculated
    $0
  • Anita Szerszen Do Facp

    BOARD MEMBER

    Total calculated
    $0
  • Chris Elsayad MD Facp

    BOARD MEMBER

    Total calculated
    $0
  • Tejas Patel MD Facp

    BOARD MEMBER

    Total calculated
    $0
  • Razia Jayman-Aristide MD Facp

    BOARD MEMBER

    Total calculated
    $0
  • Camile Gooden MD Facp

    BOARD MEMBER

    Total calculated
    $0
  • Marie Lamsen MD Facp

    BOARD MEMBER

    Total calculated
    $0
  • Anush Patel MD Facp

    BOARD MEMBER

    Total calculated
    $0
  • Kelly Ramsey MD Facp

    BOARD MEMBER

    Total calculated
    $0
  • Sanjeev Gupta MD Facp

    BOARD MEMBER

    Total calculated
    $0
  • Smita Bakhai MD Facp

    BOARD MEMBER

    Total calculated
    $0
  • Viren Kaul MD Facp

    BOARD MEMBER

    Total calculated
    $0
  • Valentin Guset MD Facp

    BOARD MEMBER

    Total calculated
    $0
  • Daniel Molloy MD Facp

    BOARD MEMBER

    Total calculated
    $0
  • Mohammad Samih Mbbs Facp

    BOARD MEMBER

    Total calculated
    $0

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

None.

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.

Provenance

Return type
form_990
Tax year
2023
Filed
1 October 2024
IRS schema version
2023v5.0
Source object
202422839349302052

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