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← MEDICAL SOCIETY OF THE STATE OF NEW YORK

Form 990 for tax year 2024

Filed by MEDICAL SOCIETY OF THE STATE OF NEW YORK.

Totals

Total revenue
$6,505,408
Total expenses
$6,843,168
Contributions and grants received
$3,522,522
Grants paid
$0
Program service revenue
$10,875
Investment income
$1,298,714
Other revenue
$1,673,297
Total assets, end of year
$21,098,069
Total liabilities, end of year
$2,272,854
Net assets or fund balances, end of year
$18,825,215
Program services expenses (Part IX)
$4,897,854
Management and general expenses
$1,945,314
Fundraising expenses
$0
Program service expenses (Part III)
$4,897,854

Program services were 71.6% 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

    $1,910,960

  • 1e · Government grants (contributions)

    $107,146

  • 1f · All other contributions, gifts and grants

    $1,504,416

  • 2a · Program service revenue: WORKSHOPS

    total $10,875 · related or exempt $10,875

  • 3 · Investment income

    total $512,206 · excluded $512,206

  • 7a · Gross sales of assets other than inventory

    securities $15,295,847

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

    securities $14,509,339

  • 7c · Gain or loss

    securities $786,508

  • 7d · Net gain or loss

    total $786,508 · excluded $786,508

  • 11a · Other revenue: MLMIC MARKETING AGREEMENT

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

  • 11b · Other revenue: OTHER INCOME

    total $284,452 · related or exempt $284,452

  • 11c · Other revenue: CME SPONSORSHIP

    total $134,880 · related or exempt $134,880

  • 11d · All other revenue

    total $253,965 · related or exempt $212,881 · unrelated business $41,084

  • 11e · Other revenue, total

    $1,673,297

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $170,014 · management and general $170,014

  • 6 · Compensation of disqualified persons

    total $266,495 · management and general $266,495

  • 7 · Other salaries and wages

    total $3,336,857 · program services $3,165,281 · management and general $171,576

  • 9 · Other employee benefits

    total $535,098 · program services $431,128 · management and general $103,970

  • 10 · Payroll taxes

    total $279,889 · program services $225,506 · management and general $54,383

  • 11b · Fees: legal

    total $435 · program services $435

  • 11c · Fees: accounting

    total $101,338 · management and general $101,338

  • 11f · Fees: investment management

    total $58,624 · program services $16,486 · management and general $42,138

  • 11g · Fees: other

    total $77,114 · program services $77,114

  • 13 · Office expenses

    total $512,054 · program services $331,879 · management and general $180,175

  • 16 · Occupancy

    total $547,261 · program services $149,984 · management and general $397,277

  • 17 · Travel

    total $408,219 · program services $401,954 · management and general $6,265

  • 22 · Depreciation, depletion and amortization

    total $10,458 · management and general $10,458

  • 23 · Insurance

    total $144,261 · management and general $144,261

  • 24a · Other expenses: MLMIC AGREEMENT PAYMENTS

    total $257,113 · management and general $257,113

  • 24b · Other expenses: VETERANS MENTAL HEALTH

    total $53,022 · program services $53,022

  • 24c · Other expenses: BIO TERRORISM RESEARCH

    total $21,669 · program services $21,669

  • 24d · Other expenses: COUNTY/SPECIALTY

    total $18,356 · management and general $18,356

  • 24e · All other expenses

    total $44,891 · program services $23,396 · management and general $21,495

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $839,628 · end of year $1,183,197

  • 3 · Pledges and grants receivable

    beginning of year $802,665 · end of year $208,670

  • 4 · Accounts receivable

    beginning of year $772,593 · end of year $823,931

  • 9 · Prepaid expenses and deferred charges

    beginning of year $131,957 · end of year $220,199

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

    $708,034

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

    $657,585

  • 10c · Land, buildings and equipment, net

    beginning of year $45,159 · end of year $50,449

  • 11 · Investments: publicly traded securities

    beginning of year $17,759,271 · end of year $17,851,360

  • 15 · Other assets

    beginning of year $1,167,744 · end of year $760,263

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,077,909 · end of year $806,917

  • 19 · Deferred revenue

    beginning of year $742,531 · end of year $727,836

  • 24 · Unsecured notes and loans payable

    beginning of year $1,148,237 · end of year $738,101

  • 27 · Net assets without donor restrictions

    beginning of year $17,900,325 · end of year $18,136,440

  • 28 · Net assets with donor restrictions

    beginning of year $650,015 · end of year $688,775

Mission and programs · 2024

Mission

TO CONTRIBUTE TO THE PROFESSIONAL DEVELOPMENT OF MEMBER PHYSICIANS, TO SERVE AS A RESOURCE FOR ITS MEMBERS AND ASSIST THEM IN ADDRESSING THE MANY ISSUES AND NEEDS WHICH THEY FACE IN PROVIDING HEALTH CARE TO THE RESIDENTS OF NEW YORK STATE.

  • MEMBERSHIP SERVICES. THIS DIVISION IS RESPONSIBLE FOR MEMBERSHIP DEVELOPMENT AND SERVICES, AND STAFF SUPPORT FOR SECTIONS AND SPECIAL CONSTITUENCIES. STAFF ARE AVAILABLE TO WORK WITH INDIVIDUAL MEMBERS, COUNTY MEDICAL SOCIETIES, HOSPITALS OR SPECIAL GROUPS ON MEMBERHSIP CAMPAIGNS. OUTREACH REPRESENTATIVES CAN MAKE PERSONAL VISITS AND GIVE PRESENTATIONS ON CURRENT ISSUES AND ON MEDICAL SOCETY ACTIVITIES AND SERVICES DESIGNED TO HELP PHYSICIANS SUCCEED IN AN INCREASINGLY COMPLEX ENVIRONMENT. THE DIVISION PROVIDES STAFF SUPPORT TO COMMITTEES TASKED WITH DEVELOPING ONGOING AND INNOVATIVE APPROACHES TO MEMBERSHIP DEVELOPMENT, AS WELL AS TO THE SOCIETY'S COMMITTEES ON THE INTERNATIONAL MEDICAL GRADUATES, WOMEN PHYSICIANS, AND OTHERS. STAFFING IS ALSO PROVIDED FOR SPECIAL SECTIONS DEVOTED TO PRGANIZING AND MEETING THE NEEDS OF RESIDENTS AND FELLOWS, YOUNG PHYSICIANS AND PHYSICIANS ON ORGANIZED MEDICAL STAFFS.

    Expenses $2,567,273 · Revenue $1,910,960

  • COMMITTEE FOR PHYSICIANS' HEALTH EXPENSE. THE MISSION OF THE COMMITTEE FOR PHYSICIAN HEALTH IS TO PROMOTE QUALITY MEDICAL CARE BY OFFERING NON DISCIPLINARY CONFIDENTIAL ASSISTANCE TO PHYSICIANS, RESIDENTS, MEDICAL STUDENTS AND PHYSICIAN ASSISTANTS SUFFERING FROM SUBSTANCE USE DISORDER AND OTHER PSYCHIATRIC DISORDERS. THE COMMITTEE MONITORS THE TREATMENT AND COMPLIANCE OF PROGRAM PARTICPANTS AND PROVIDES ADVOCACY AND SUPPORT AS WELL AS OUTREACH ACTIVITIES, INCLUDING PREVENTTION AND EDUCATION.

    Expenses $1,084,271 · Revenue $1,504,416

  • COMMUNICATIONS/PUBLICATIONS IN THE MEDICAL FIELD. THE COMMUNICATIONS DIVISION PUBLISHES THE NEWS OF NEW YORK, A MONTHLY DIGITAL PUBLICATION THAT INFORMS MEMBER PHYSICIANS ON ISSUES AFFECTING THE HEALTH CARE DELIVERY SYSTEM IN NEW YORK STATE. THE MSSNY ENEWS IS A WEEKLY DIGITAL PUBLICATION THAT REPORTS THE MOST CURRENT NEWS AFFECTING MEMBER PHYSICIANS AND IS DISTRIBUTED ELECTRONICALLY TO OVER 29,000 MEDICAL RECIPIENTS. THE COMMUNICATIONS DIVISION IS ALSO RESPONSIBLE FOR THE MSSNY WEBSITE, JOB BOARD, SOCIAL MEDIA, AND SOME CME TRAINING.

    Expenses $408,444

  • CONVENTIONS AND MEETINGS. THE DIVSION OF MEETINGS AND CONVENTIONS IS RESPONSIBLE FOR ALL LOGISTICAL ARRANGEMENT FOR MEETINGS FOR THE MEDICAL SOCIETY. THIS INCLUDES THE ANNUAL HOUSE OF DELEGATES MEETING OF MSSNY, MSSNY COUNCIL AND BOARD OF TRUSTEES, MEETINGS OF THE NEW YORK STATE DELEGATION TO THE AMERICAN MEDICAL ASSOCIATION, AS WELL AS DAY TO DAY COMMITTEE MEETINGS WHICH TAKE PLACE WITHIN THE HEADQUARTERS BUILDING OF MSSNY. STATE AND OTHER GRANT EXPENSE SCIENTIFIC AND EDUCATIONAL ACTIVITIESEXPENSES RELATING TO CONTINUING MEDICAL EDUCATION OF PHYSICIANS AND ASPECTS OF PUBLIC HEALTH

    Expenses $837,866 · Revenue $3,090,032

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • TROY OECHSNER

    EXECUTIVE VP

    Total calculated
    $274,085
    From this org
    $266,495
    From related orgs
    $0
    Other
    $7,590
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $266,495
    Bonus
    not reported
    Other
    not reported
    Deferred
    $7,500
    Nontaxable benefits
    $90
    Filer's total
    $274,085

  • JEFFREY SELZER

    MEDICAL DIRE

    Total calculated
    $239,085
    From this org
    $214,343
    From related orgs
    $0
    Other
    $24,742
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $214,343
    Bonus
    not reported
    Other
    not reported
    Deferred
    $11,817
    Nontaxable benefits
    $12,925
    Filer's total
    $239,085

  • THOMAS LEE MD

    EXECUTIVE VI

    Total calculated
    $193,519
    From this org
    $170,014
    From related orgs
    $0
    Other
    $23,505
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $170,014
    Bonus
    not reported
    Other
    not reported
    Deferred
    $23,000
    Nontaxable benefits
    $505
    Filer's total
    $193,519

  • MORRIS AUSTER

    ASSOCIATE CO

    Total calculated
    $192,266
    From this org
    $176,316
    From related orgs
    $0
    Other
    $15,950
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $176,316
    Bonus
    not reported
    Other
    not reported
    Deferred
    $15,298
    Nontaxable benefits
    $652
    Filer's total
    $192,266

  • JOHN VECCHIO

    CONTROLLER

    Total calculated
    $158,599
    From this org
    $138,957
    From related orgs
    $0
    Other
    $19,642
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $138,957
    Bonus
    not reported
    Other
    not reported
    Deferred
    $6,346
    Nontaxable benefits
    $13,296
    Filer's total
    $158,599

  • PATRICIA CLANCY

    VP OF PUBLIC

    Total calculated
    $157,289
    From this org
    $139,021
    From related orgs
    $0
    Other
    $18,268
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $139,021
    Bonus
    not reported
    Other
    not reported
    Deferred
    $15,556
    Nontaxable benefits
    $2,712
    Filer's total
    $157,289

  • TERRANCE BEDIENT

    VICE PRESIDE

    Total calculated
    $155,285
    From this org
    $123,367
    From related orgs
    $0
    Other
    $31,918
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $123,367
    Bonus
    not reported
    Other
    not reported
    Deferred
    $24,000
    Nontaxable benefits
    $7,918
    Filer's total
    $155,285

  • CHARLES ROTHBERG MD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • JEROME C COHEN MD

    PRESEDENT EL

    Total calculated
    $0
    Hours/week
    20

  • NAMEER HAIDER MD

    TRUSTEE

    Total calculated
    $0

  • ROBERT FRANKEL MD

    CHAIR

    Total calculated
    $0

  • SANA BLOCH MD

    TRUSTEE

    Total calculated
    $0

  • THOMAS J MADEJSKI MD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • BERNADETTE RILEY DO

    ASSISTANT SE

    Total calculated
    $0
    Hours/week
    2

  • ARTHUR C FOUGNER MD

    TRUSTEE

    Total calculated
    $0

  • BONNIE L LITVACK MD

    TRUSTEE/DIRE

    Total calculated
    $0

  • DAVID JAKUBOWICZ MD

    VICE PRESIDE

    Total calculated
    $0
    Hours/week
    2

  • FRANK G DOWLING MD

    ASSISTANT TR

    Total calculated
    $0

  • HOWARD H HUANG MD

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • LUIS CARLOS ZAPATA MD

    VICE SPEAKER

    Total calculated
    $0
    Hours/week
    2

  • MARK J ADAMS MD

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • PARAG H MEHTA MD

    PAST PRESIDE

    Total calculated
    $0
    Hours/week
    10

  • PAUL PIPIA MD

    PRESIDENT

    Total calculated
    $0
    Hours/week
    10

  • WILLIAM R LATREIILE JR MD

    SPEAKER

    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

  • 3 · Compensation committee
  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 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.

Provenance

Return type
form_990
Tax year
2024
Filed
14 November 2025
IRS schema version
2024v5.0
Source object
202533219349305638

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