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← MEDICAL SOCIETY OF THE STATE OF NEW YORK

Form 990 for tax year 2023

Filed by MEDICAL SOCIETY OF THE STATE OF NEW YORK.

Totals

Total revenue
$6,695,868
Total expenses
$6,689,483
Contributions and grants received
$4,437,481
Grants paid
$0
Program service revenue
$25,995
Investment income
$556,035
Other revenue
$1,676,357
Total assets, end of year
$21,519,017
Total liabilities, end of year
$2,968,677
Net assets or fund balances, end of year
$18,550,340
Program services expenses (Part IX)
$4,687,703
Management and general expenses
$2,001,780
Fundraising expenses
$0
Program service expenses (Part III)
$4,687,703

Program services were 70.1% 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

    $2,146,178

  • 1e · Government grants (contributions)

    $680,976

  • 1f · All other contributions, gifts and grants

    $1,610,327

  • 2a · Program service revenue: WORKSHOPS

    total $25,995 · related or exempt $25,995

  • 3 · Investment income

    total $456,153 · excluded $456,153

  • 7a · Gross sales of assets other than inventory

    securities $1,441,927

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

    securities $1,342,045

  • 7c · Gain or loss

    securities $99,882

  • 7d · Net gain or loss

    total $99,882 · excluded $99,882

  • 11a · Other revenue: MLMIC MARKETING AGREEMENT

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

  • 11b · Other revenue: OTHER INCOME

    total $243,302 · related or exempt $243,302

  • 11c · Other revenue: CME SPONSORSHIP

    total $141,700 · related or exempt $141,700

  • 11d · All other revenue

    total $291,355 · related or exempt $231,838 · unrelated business $59,517

  • 11e · Other revenue, total

    $1,676,357

Functional expenses

Part IX, the statement of functional expenses.

  • 6 · Compensation of disqualified persons

    total $348,053 · program services $348,053

  • 7 · Other salaries and wages

    total $3,224,274 · program services $2,638,577 · management and general $585,697

  • 9 · Other employee benefits

    total $507,023 · program services $409,220 · management and general $97,803

  • 10 · Payroll taxes

    total $251,735 · program services $203,176 · management and general $48,559

  • 11b · Fees: legal

    total $50,544 · program services $9,406 · management and general $41,138

  • 11c · Fees: accounting

    total $70,333 · management and general $70,333

  • 11f · Fees: investment management

    total $47,743 · management and general $47,743

  • 11g · Fees: other

    total $89,532 · program services $89,532

  • 13 · Office expenses

    total $541,003 · program services $358,857 · management and general $182,146

  • 16 · Occupancy

    total $550,363 · program services $146,603 · management and general $403,760

  • 17 · Travel

    total $395,177 · program services $388,635 · management and general $6,542

  • 22 · Depreciation, depletion and amortization

    total $7,227 · management and general $7,227

  • 23 · Insurance

    total $146,885 · management and general $146,885

  • 24a · Other expenses: MLMIC AGREEMENT PAYMENTS

    total $261,950 · management and general $261,950

  • 24b · Other expenses: VETERANS MENTAL HEALTH

    total $97,547 · program services $36,520 · management and general $61,027

  • 24c · Other expenses: COUNTY/SPECIALTY

    total $24,667 · management and general $24,667

  • 24d · Other expenses: READERSHIP COSTS

    total $23,236 · program services $23,236

  • 24e · All other expenses

    total $52,191 · program services $35,888 · management and general $16,303

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,340,105 · end of year $839,628

  • 3 · Pledges and grants receivable

    beginning of year $157,698 · end of year $802,665

  • 4 · Accounts receivable

    beginning of year $162,417 · end of year $772,593

  • 9 · Prepaid expenses and deferred charges

    beginning of year $111,442 · end of year $131,957

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

    $692,287

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

    $647,128

  • 10c · Land, buildings and equipment, net

    beginning of year $40,023 · end of year $45,159

  • 11 · Investments: publicly traded securities

    beginning of year $16,814,656 · end of year $17,759,271

  • 15 · Other assets

    beginning of year $1,553,033 · end of year $1,167,744

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,235,876 · end of year $1,077,909

  • 19 · Deferred revenue

    beginning of year $730,495 · end of year $742,531

  • 24 · Unsecured notes and loans payable

    beginning of year $1,525,764 · end of year $1,148,237

  • 27 · Net assets without donor restrictions

    beginning of year $16,077,440 · end of year $17,900,325

  • 28 · Net assets with donor restrictions

    beginning of year $609,799 · end of year $650,015

Mission and programs · 2023

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 $2,386,646 · Revenue $2,146,178

  • 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 $1,058,136 · Revenue $1,610,327

  • 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 $400,457

  • 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 $842,464 · Revenue $2,939,363

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • TROY OECHSNER

    EXECUTIVE VP

    Total calculated
    $348,054
    From this org
    $348,054
    From related orgs
    $0
    Other
    $0
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $348,054
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $348,054

  • JEFFREY SELZER

    MEDICAL DIRE

    Total calculated
    $207,963
    From this org
    $207,963
    From related orgs
    $0
    Other
    $0
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $207,963
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $207,963

  • MORRIS AUSTER

    ASSOCIATE CO

    Total calculated
    $170,315
    From this org
    $170,315
    From related orgs
    $0
    Other
    $0
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $170,315
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $170,315

  • PATRICIA CLANCY

    VP OF PUBLIC

    Total calculated
    $149,038
    From this org
    $149,038
    From related orgs
    $0
    Other
    $0
    Hours/week
    35

  • JOHN VECCHIO

    CONTROLLER

    Total calculated
    $140,633
    From this org
    $140,633
    From related orgs
    $0
    Other
    $0
    Hours/week
    35

  • TERRANCE BEDIENT

    VICE PRESIDE

    Total calculated
    $119,266
    From this org
    $119,266
    From related orgs
    $0
    Other
    $0
    Hours/week
    35

  • 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

  • THOMAS LEE MD

    EXECUTIVE VI

    Total calculated
    $0
    Hours/week
    35

  • 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
2023
Filed
14 November 2024
IRS schema version
2023v5.0
Source object
202433209349305128

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