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 PonesseLORETTA 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 FacpSUSAN LEE MD FACP
PRESIDENT
- Total calculated
- $0
-
John Hall MD FacpJOHN HALL MD FACP
SECRETARY
- Total calculated
- $0
-
Michael Locurio MD FacpMICHAEL LOCURIO MD FACP
TREASURER
- Total calculated
- $0
-
Paul Kuperschmid MD FacpPAUL KUPERSCHMID MD FACP
BOARD MEMBER
- Total calculated
- $0
-
Vasundhara Singh MD FacpVASUNDHARA SINGH MD FACP
BOARD MEMBER
- Total calculated
- $0
-
Cori Salvit MD FacpCORI SALVIT MD FACP
BOARD MEMBER
- Total calculated
- $0
-
Amit Saxena Ma FacpAMIT SAXENA MA FACP
BOARD MEMBER
- Total calculated
- $0
-
Evan Siau MD FacpEVAN SIAU MD FACP
BOARD MEMBER
- Total calculated
- $0
-
Ofek Hai MD FacpOFEK HAI MD FACP
BOARD MEMBER
- Total calculated
- $0
-
Matsuko Takeshige Do FacpMATSUKO TAKESHIGE DO FACP
BOARD MEMBER
- Total calculated
- $0
-
Anita Szerszen Do FacpANITA SZERSZEN DO FACP
BOARD MEMBER
- Total calculated
- $0
-
Chris Elsayad MD FacpCHRIS ELSAYAD MD FACP
BOARD MEMBER
- Total calculated
- $0
-
Tejas Patel MD FacpTEJAS PATEL MD FACP
BOARD MEMBER
- Total calculated
- $0
-
Razia Jayman-Aristide MD FacpRAZIA JAYMAN-ARISTIDE MD FACP
BOARD MEMBER
- Total calculated
- $0
-
Camile Gooden MD FacpCAMILE GOODEN MD FACP
BOARD MEMBER
- Total calculated
- $0
-
Marie Lamsen MD FacpMARIE LAMSEN MD FACP
BOARD MEMBER
- Total calculated
- $0
-
Anush Patel MD FacpANUSH PATEL MD FACP
BOARD MEMBER
- Total calculated
- $0
-
Kelly Ramsey MD FacpKELLY RAMSEY MD FACP
BOARD MEMBER
- Total calculated
- $0
-
Sanjeev Gupta MD FacpSANJEEV GUPTA MD FACP
BOARD MEMBER
- Total calculated
- $0
-
Smita Bakhai MD FacpSMITA BAKHAI MD FACP
BOARD MEMBER
- Total calculated
- $0
-
Viren Kaul MD FacpVIREN KAUL MD FACP
BOARD MEMBER
- Total calculated
- $0
-
Valentin Guset MD FacpVALENTIN GUSET MD FACP
BOARD MEMBER
- Total calculated
- $0
-
Daniel Molloy MD FacpDANIEL MOLLOY MD FACP
BOARD MEMBER
- Total calculated
- $0
-
Mohammad Samih Mbbs FacpMOHAMMAD 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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