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← THE MASSACHUSETTS MEDICAL SOCIETY AND ALLIANCE CHARITABLE FOUNDATION

Form 990 for tax year 2024

Filed by THE MASSACHUSETTS MEDICAL SOCIETY AND ALLIANCE CHARITABLE FOUNDATION.

Totals

Total revenue
$1,617,895
Total expenses
$399,466
Contributions and grants received
$1,401,076
Grants paid
$368,328
Program service revenue
$0
Investment income
$216,819
Other revenue
$0
Total assets, end of year
$4,452,653
Total liabilities, end of year
$153,009
Net assets or fund balances, end of year
$4,299,644
Program services expenses (Part IX)
$368,328
Management and general expenses
$31,138
Fundraising expenses
$0
Program service expenses (Part III)
$368,328

Program services were 92.2% 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

    $1,401,076

  • 3 · Investment income

    total $138,427 · excluded $138,427

  • 7a · Gross sales of assets other than inventory

    securities $78,392

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

    securities $0

  • 7c · Gain or loss

    securities $78,392

  • 7d · Net gain or loss

    total $78,392 · excluded $78,392

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $353,828 · program services $353,828

  • 2 · Grants to domestic individuals

    total $14,500 · program services $14,500

  • 11c · Fees: accounting

    total $26,100 · management and general $26,100

  • 11f · Fees: investment management

    total $4,913 · management and general $4,913

  • 13 · Office expenses

    total $125 · management and general $125

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $27,788 · end of year $699,637

  • 2 · Savings and temporary cash investments

    end of year $56,286

  • 3 · Pledges and grants receivable

    end of year $532,825

  • 11 · Investments: publicly traded securities

    beginning of year $1,713,565 · end of year $1,730,030

  • 12 · Investments: other securities

    beginning of year $1,329,613 · end of year $1,433,875

  • 15 · Other assets

    beginning of year $2,764 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $17,000 · end of year $153,009

  • 27 · Net assets without donor restrictions

    beginning of year $2,981,007 · end of year $3,121,483

  • 28 · Net assets with donor restrictions

    beginning of year $75,723 · end of year $1,178,161

Mission and programs · 2024

Mission

TO SUPPORT THE CHARITABLE AND EDUCATIONAL ACTIVITIES OF THE MMS AND THE MMS ALLIANCE, INCLUDING, BUT NOT LIMITED TO, DEVELOPING AND NURTURING COOPERATION BETWEEN INDIVIDUALS, PROFESSIONS, INSTITUTIONS, AND THE COMMUNITY. (CONT'D ON SCHED O) (CONT'D) TO CREATIVELY ADDRESS ISSUES THAT AFFECT THE HEALTH, BENEFIT, AND WELFARE OF THE COMMUNITY.

Activities or mission (Part I)

SEE FORM 990, PART III, LINE 1

  • FISCAL SPONSORSHIPSTHE FOUNDATION ACTS AS FISCAL SPONSOR FOR THE MASSACHUSETTS MEDICAL SOCIETY (MMS) UNDER PRE-APPROVED GRANT RELATIONSHIPS. MMS IS THE FOUNDATION'S 501(C)(6) SUPPORTED ORGANIZATION (SEE SCHEDULE A). UNDER THESE AGREEMENTS, THE FOUNDATION RECEIVES AND ADMINISTERS RESTRICTED GRANT FUNDS FROM GRANTORS FOR CHARITABLE AND EDUCATIONAL PROJECTS. THE ORGANIZATION MONITORS PROJECT BUDGETS, ENSURES GRANT COMPLIANCE, AND DISBURSES FUNDS TO THE SUPPORTED ORGANIZATION FOR ELIGIBLE EXPENSES.IN FY25, 2 FISCAL SPONSORSHIP GRANTS WERE RECEIVED. THE GRANTS ARE INTENDED TO CREATE, CURATE, AND/OR ENHANCE NEJM ONLINE FOR THE PURPOSE OF PREVENTING DISEASE AND IMPROVING PUBLIC HEALTH. FISCAL SPONSORSHIP REVENUES IN THE CURRENT YEAR REFLECT GRANT FUNDS RECEIVED FOR MULTI-YEAR PROJECTS. BECAUSE MANY OF THE RELATED SPONSORED ACTIVITIES AND REIMBURSEMENTS WILL OCCUR IN SUBSEQUENT YEARS, CURRENT-YEAR EXPENSES ARE LOWER THAN REVENUES.

    Expenses $257,408 · Grants $257,408 · Revenue $1,365,650

  • GRANTS TO ORGANIZATIONSEIGHT NONPROFITS WERE AWARDED $96,420 TO IMPROVE ACCESS TO HEALTHCARE; TO ADDRESS SOCIAL DETERMINANTS OF HEALTH; TO PROVIDE QUALITY HEALTH CARE SERVICES FOR THE UNINSURED AND UNDERINSURED; AND TO SUPPORT BEHAVIORAL HEALTH PROGRAMS.

    Expenses $96,420 · Grants $96,420

  • GRANTS TO MEDICAL STUDENTS AND RESIDENT PHYSICIANSELEVEN MEDICAL STUDENTS FROM MASSACHUSETTS MEDICAL SCHOOLS, AND SIX RESIDENT PHYSICIANS FROM MASSACHUSETTS FACILITIES, RECEIVED GRANTS TO HELP OFFSET TRAVEL AND LODGING EXPENSES FOR STUDY IN ANOTHER COUNTRY AS THEY TRAIN TO BECOME CULTURALLY COMPENTENT PHYSICIANS WHO ARE PREPARED TO SERVE BOTH LOCAL AND INTERNATIONAL COMMUNITIES WITH HUMILITY AND RESPECT.

    Expenses $14,500 · Grants $14,500

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

Listed in Part VII

  • LEE PERRIN MD

    DIRECTOR

    Total calculated
    $14,583
    From this org
    $0
    From related orgs
    $2,083
    Other
    $12,500
    Hours/week
    1.5 + 0.3 related

  • BERI O SONGNA MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.5

  • LOIS DEHLS CORNELL

    MMS EXECUTIVE VICE PRESIDENT

    Total calculated
    $753,972
    From this org
    $0
    From related orgs
    $686,768
    Other
    $67,204
    Hours/week
    1.5

    Schedule J breakdown matched by us

    Base
    $0 + $574,594 related
    Bonus
    $0 + $84,101 related
    Other
    $0 + $28,073 related
    Deferred
    $0 + $34,500 related
    Nontaxable benefits
    $0 + $32,704 related
    Filer's total
    $0 + $753,972 related

  • LOUIS E FAZEN III MD MPH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.5

  • CAITLIN FARRELL DO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.5

  • SHAAN GANDHI MD MBA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.5

  • LYNDA KABBASH MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.5 + 0.3 related

  • CATHERINE LEW

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.5

  • SAHDEV R PASSEY MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.5 + 0.3 related

  • GAIL GORDON SANCHEZ

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.5

  • THEODORE CALIANOS II MD

    CHAIR

    Total calculated
    $0
    Hours/week
    2 + 0.3 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

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.

Provenance

Return type
form_990
Tax year
2024
Filed
15 April 2026
IRS schema version
2024v5.5
Source object
202621059349302137

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