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← MEDICAL LEGACY FUND

Form 990 for tax year 2023

Filed by MEDICAL LEGACY FUND.

Totals

Total revenue
$9,248
Total expenses
$3,370
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$9,248
Other revenue
$0
Total assets, end of year
$364,235
Total liabilities, end of year
$92,406
Net assets or fund balances, end of year
$271,829
Program services expenses (Part IX)
$0
Management and general expenses
$3,370
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 0.0% 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.

  • 3 · Investment income

    total $8,640 · excluded $8,640

  • 7a · Gross sales of assets other than inventory

    securities $608

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

    securities $0

  • 7c · Gain or loss

    securities $608

  • 7d · Net gain or loss

    total $608 · excluded $608

Functional expenses

Part IX, the statement of functional expenses.

  • 11c · Fees: accounting

    total $1,500 · management and general $1,500

  • 11f · Fees: investment management

    total $1,854 · management and general $1,854

  • 13 · Office expenses

    total $16 · management and general $16

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $5,360 · end of year $3,632

  • 9 · Prepaid expenses and deferred charges

    beginning of year $16 · end of year $16

  • 12 · Investments: other securities

    beginning of year $325,466 · end of year $360,587

  • 25 · Other liabilities

    beginning of year $94,146 · end of year $92,406

  • 27 · Net assets without donor restrictions

    beginning of year $177,841 · end of year $222,922

  • 28 · Net assets with donor restrictions

    beginning of year $58,855 · end of year $48,907

Mission and programs · 2023

Mission

THE MEDICAL LEGACY FUND IS ORGANIZED FOR THE EXCLUSIVE BENEFIT OF THE FOUNDATION OF THE PA MEDICAL SOCIETY.

Activities or mission (Part I)

SEE SCHEDULE O

  • ORGANIZED FOR THE EXCLUSIVE BENEFIT OF THE FOUNDATION OF THE PENNSYLVANIA MEDICAL SOCIETY TO SERVE AS A VEHICLE FOR ACCEPTING CONTRIBUTIONS THAT ARE DEFERRED IN NATURE.

As filed on the 2023 return.

Listed in Part VII

  • VIRGINIA E HALL MD FACOG FACP

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • PAUL F DENDE DO FACP

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 1 related

  • WILLIAM J WEST JR MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • DONNA BAVER ROVITO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • KENNETH M CERTA MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • WILLIAM R DEWAR III MD FACP

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • DANIEL B KIMBALL JR MD MACP

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • GWENDOLYN A POLES DO FACP

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • MARTIN P RANIOWSKI MA CAE FCPP

    DIRECTOR

    Total calculated
    $410,413
    From this org
    $0
    From related orgs
    $341,376
    Other
    $69,037
    Hours/week
    0.5 + 39.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $341,376 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $30,541 related
    Nontaxable benefits
    $0 + $38,496 related
    Filer's total
    $0 + $410,413 related

  • LYNDA THOMAS-MABINE MD FACOG

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • HEATHER A WILSON MSWCFRECAEFCPP

    PRESIDENT

    Total calculated
    $272,930
    From this org
    $0
    From related orgs
    $215,181
    Other
    $57,749
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $215,181 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $22,303 related
    Nontaxable benefits
    $0 + $35,446 related
    Filer's total
    $0 + $272,930 related

  • TIFFANY BOOHER MALPCCAADCCIPCCSM

    SECRETARY

    Total calculated
    $102,054
    From this org
    $0
    From related orgs
    $68,394
    Other
    $33,660
    Hours/week
    1 + 39 related

  • LAWRENCE R JOHN MD - TRUSTEE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • HEATH MACKLEY MD - TRUSTEE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • MARIA POLUCH MEDICAL STUDENT TRUSTE

    DIRECTOR - MEDICAL STUDEN

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • STACIE KERBEL

    STUDENT TRUSTEE ELECT

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 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.

Provenance

Return type
form_990
Tax year
2023
Filed
6 September 2024
IRS schema version
2023v5.1
Source object
202442559349301354

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