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Nonprofiteer
← RHODE ISLAND MEDICAL SOCIETY FOUNDATION

Form 990 for tax year 2024

Filed by RHODE ISLAND MEDICAL SOCIETY FOUNDATION.

Totals

Total revenue
$180,669
Total expenses
$315,146
Contributions and grants received
$169,741
Grants paid
$675
Program service revenue
$0
Investment income
$10,928
Other revenue
$0
Total assets, end of year
$627,231
Total liabilities, end of year
$40,783
Net assets or fund balances, end of year
$586,448
Program services expenses (Part IX)
$301,617
Management and general expenses
$12,529
Fundraising expenses
$1,000
Program service expenses (Part III)
$301,617

Program services were 95.7% 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

    $169,741

  • 3 · Investment income

    total $10,928 · unrelated business $0 · excluded $10,928

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $275 · program services $275

  • 2 · Grants to domestic individuals

    total $400 · program services $400

  • 11b · Fees: legal

    total $5,850 · program services $5,850 · management and general $0 · fundraising $0

  • 11c · Fees: accounting

    total $6,393 · program services $0 · management and general $6,393 · fundraising $0

  • 11f · Fees: investment management

    total $36,860 · program services $36,860 · management and general $0 · fundraising $0

  • 13 · Office expenses

    total $5,306 · program services $4,907 · management and general $399 · fundraising $0

  • 16 · Occupancy

    total $23,377 · program services $23,377 · management and general $0 · fundraising $0

  • 17 · Travel

    total $1,802 · program services $1,802 · management and general $0 · fundraising $0

  • 19 · Conferences, conventions and meetings

    total $72 · program services $72 · management and general $0 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $104 · program services $104 · management and general $0 · fundraising $0

  • 24a · Other expenses: SHARED PERSONNEL COSTS

    total $201,998 · program services $201,998 · management and general $0 · fundraising $0

  • 24b · Other expenses: RIMS MANAGEMENT FEE

    total $26,521 · program services $24,521 · management and general $1,000 · fundraising $1,000

  • 24c · Other expenses: CREDIT CARD FEES

    total $2,890 · program services $88 · management and general $2,802 · fundraising $0

  • 24d · Other expenses: DUES & SUBSCRIPTIONS

    total $3,116 · program services $1,316 · management and general $1,800 · fundraising $0

  • 24e · All other expenses

    total $182 · program services $47 · management and general $135 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $19,621 · end of year $10,034

  • 2 · Savings and temporary cash investments

    beginning of year $124,886 · end of year $24,990

  • 7 · Other notes and loans receivable

    beginning of year $8,735 · end of year $8,735

  • 9 · Prepaid expenses and deferred charges

    beginning of year $21,800 · end of year $0

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

    $11,333

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

    $9,955

  • 10c · Land, buildings and equipment, net

    beginning of year $372 · end of year $1,378

  • 11 · Investments: publicly traded securities

    beginning of year $496,245 · end of year $582,094

  • 15 · Other assets

    beginning of year $48,335 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $5,176 · end of year $5,176

  • 25 · Other liabilities

    beginning of year $68,842 · end of year $35,607

  • 27 · Net assets without donor restrictions

    beginning of year $51,699 · end of year $6,925

  • 28 · Net assets with donor restrictions

    beginning of year $594,277 · end of year $579,523

Mission and programs · 2024

Mission

Promote the betterment of public health by engaging in educational and charitable activities related to the field of medicine, and to support peer review activities

  • MEDICAL PROFESSIONALS HEALTH ASSISTANCE - THIS PROGRAM SUPPORTS THE COSTS OF EMPLOYING TWO FULL-TIME CLINICAL SOCIAL WORKERS WHO PROVIDE SERVICES PERTAINING TO THE HEALTH OF PHYSICIANS AND CERTAIN OTHER CLINICIANS.

    Expenses $263,854

  • PUBLIC SERVICE AND EDUCATION - THIS PROGRAM SUPPORTS THE COSTS OF: (1) CONDUCTING A CAMPAIGN TO INCREASE THE FREQUENCY WITH WHICH MEDICAL OFFICES SCREEN PATIENTS FOR PRE-DIABETES AND THE RATE AT WHICH THEY REFER PRE-DIABETIC PATIENTS TO THE MANY NEW EVIDENCE-BASED DIABETES PREVENTION PROGRAMS THAT ARE ESTABLISHED IN RHODE ISLAND, AND ALSO COLLABORATE WITH OTHERS WORKING TOWARDS THIS COMMON GOAL; (2) SUPPORTING PUBLIC EDUCATIONAL PROGRAMS AND RAISE PUBLIC AWARENESS RELATING TO PROFESSIONAL LIABILITY TORT REFORM; (3) AND RESPONDING TO OTHER EDUCATIONAL AND SAFETY CONCERNS.

    Expenses $37,000

  • FINANCIAL ASSISTANCE FOR PHYSICIANS (BENEVOLENCE FUND) - THIS PROGRAM SUPPORTS PHYSICIANS AND THEIR FAMILIES IN TIMES OF FINANCIAL NEED.

    Expenses $763 · Grants $675

As filed on the 2024 return.

Listed in Part VII

  • Catherine A Cummings MD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.02

  • Elizabeth B Lange MD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.02

  • Thomas A Beldsoe MD Facp

    TRUSTEE, CURRENT CHAIR

    Total calculated
    $0
    Hours/week
    0.1

  • Heather Smith

    PRESIDENT through Sept. 2024

    Total calculated
    $9,000
    From this org
    $0
    From related orgs
    $9,000
    Other
    $0
    Hours/week
    0.1

  • Kara Stavros

    PRESIDENT start Oct. 2024

    Total calculated
    $3,000
    From this org
    $0
    From related orgs
    $3,000
    Other
    $0
    Hours/week
    0.1

  • Matthew Smith MD

    SECRETARY/TREAS.

    Total calculated
    $0
    Hours/week
    0.1

  • Stacy Paterno

    EXECUTIVE VICE PRESIDENT

    Total calculated
    $149,054
    From this org
    $0
    From related orgs
    $130,000
    Other
    $19,054
    Hours/week
    8

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.

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
2024
Filed
13 November 2025
IRS schema version
2024v5.2
Source object
202513179349307826

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