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← MISSISSIPPI STATE MEDICAL ASSOCIATION FOUNDATION INC

Form 990 for tax year 2023

Filed by MISSISSIPPI STATE MEDICAL ASSOCIATION FOUNDATION INC.

This return was superseded by a later amendment. matched by us It is kept because history is preserved rather than replaced.

What the amendment changed

Compared with the latest return for 2023 , filed 18 December 2024. matched by us Only the Part I totals and the names listed in Part VII are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Both are the same on the two returns, so the amendment changed something else.

Totals

Total revenue
$300,273
Total expenses
$184,253
Contributions and grants received
$295,928
Grants paid
$76,000
Program service revenue
$1,000
Investment income
$2,045
Other revenue
$1,300
Total assets, end of year
$670,000
Total liabilities, end of year
$120,220
Net assets or fund balances, end of year
$549,780
Program services expenses (Part IX)
$163,096
Management and general expenses
$21,157
Fundraising expenses
$0
Program service expenses (Part III)
$163,096

Program services were 88.5% 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.

  • 1f · All other contributions, gifts and grants

    $295,928

  • 1g · Noncash contributions included above

    $11,656

  • 2a · Program service revenue: PHYSICIAN LEADERSHIP R

    total $1,000 · related or exempt $1,000

  • 3 · Investment income

    total $2,045 · excluded $2,045

  • 11a · Other revenue: MISCELLANEOUS REVENUE

    total $1,300 · related or exempt $1,300

  • 11e · Other revenue, total

    $1,300

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $76,000 · program services $76,000

  • 7 · Other salaries and wages

    total $11,656 · program services $6,689 · management and general $4,967

  • 11c · Fees: accounting

    total $11,160 · management and general $11,160

  • 12 · Advertising and promotion

    total $39 · program services $39

  • 13 · Office expenses

    total $4,637 · management and general $4,637

  • 19 · Conferences, conventions and meetings

    total $78,070 · program services $78,070

  • 24a · Other expenses: MISCELLANEOUS

    total $1,670 · program services $1,277 · management and general $393

  • 24b · Other expenses: AWARD PLAQUES

    total $1,021 · program services $1,021

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $420,347 · end of year $464,055

  • 4 · Accounts receivable

    beginning of year $2,670 · end of year $7,687

  • 8 · Inventories for sale or use

    beginning of year $3,536 · end of year $2,147

  • 11 · Investments: publicly traded securities

    beginning of year $62,248 · end of year $63,647

  • 15 · Other assets

    beginning of year $7,265 · end of year $132,464

  • 17 · Accounts payable and accrued expenses

    end of year $144

  • 19 · Deferred revenue

    beginning of year $79,506 · end of year $120,076

  • 27 · Net assets without donor restrictions

    beginning of year $198,022 · end of year $265,030

  • 28 · Net assets with donor restrictions

    beginning of year $218,538 · end of year $284,750

Mission and programs · 2023

Mission

THE ORGANIZATION PROVIDES FUNDING FOR MEDICAL RESEARCH, EDUCATIONAL PROGRAMS FOR PHYSICIANS AND OTHERS AS WELL AS EDUCATIONAL ASSISTANCE FOR MEDICAL STUDENTS. IN ADDITION, THE ORGANIZATION PROVIDES GRANTS TO MEDICAL PROFESSIONALS WHOSE PRACTICES HAVE BEEN IMPACTED BY DISASTER.

  • PROVISION OF EDUCATIONAL PROGRAMS FOR PHYSICIANS AND OTHERS AS WELL AS EDUCATIONAL ASSISTANCE FOR MEDICAL STUDENTS.

    Expenses $129,398 · Grants $76,000

  • THE PHYSICIAN LEADERSHIP TRAINING ACADEMY PROVIDES A TRAINING PROGRAM THAT UTILIZES MENTORING, ORGANIZATIONAL EDUCATION, AND SKILLS TRAINING TO PREPARE PHSYICANS TO EXCEL AS LEADERS IN THEIR OWN PRACTICE, ORGANIZED MEDICINE AND IN THE PUBLIC POLICY ARENA.

    Expenses $33,698 · Revenue $33,606

As filed on the 2023 return.

Listed in Part VII

  • Chip Holbrook MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 7 related
  • Jennifer Bryan MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 7 related
  • John Cross MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 7 related
  • John R Mitchell MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 7 related
  • Roderick Givens MD

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1 + 7 related
  • Scott Hambleton MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 7 related
  • Claude Brunson MD

    SECRETARY-TREASURER

    Total calculated
    $408,722
    From this org
    $0
    From related orgs
    $350,156
    Other
    $58,566
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $350,156 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $35,835 related
    Nontaxable benefits
    $0 + $22,731 related
    Filer's total
    $0 + $408,722 related
  • Dominica Thames

    DIRECTOR OF BUSINESS MGMT, MSMA

    Total calculated
    $132,792
    From this org
    $0
    From related orgs
    $113,894
    Other
    $18,898
    Hours/week
    1 + 40 related
  • R David Roberts III

    DIRECTOR OF GOV. ACT, MSMA

    Total calculated
    $187,842
    From this org
    $0
    From related orgs
    $147,323
    Other
    $40,519
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $147,323 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $16,378 related
    Nontaxable benefits
    $0 + $24,141 related
    Filer's total
    $0 + $187,842 related
  • Scott Dennis

    CEO, MPCN

    Total calculated
    $343,569
    From this org
    $0
    From related orgs
    $301,083
    Other
    $42,486
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $301,083 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $30,547 related
    Nontaxable benefits
    $0 + $11,939 related
    Filer's total
    $0 + $343,569 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. 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
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

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.

Related corporations and trusts

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

  • MISSISSIPPI PHYSICIANS CARE NETWORK

    C · HEALTHCARE · MS

Provenance

Return type
form_990
Tax year
2023
Filed
15 November 2024
IRS schema version
2023v5.1
Source object
202403209349317955

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