2023-11-14T10:07:18-07:00 2022-12-31 990 2022-01-01 946062821 CALIFORNIA MEDICAL ASSOCIATION PROPERTIES INC CALI 9164445532 1201 K Street Suite 800 Sacramento CA 95814 Lance R Lewis Chief Financial Officer 9164445532 2023-11-14 1 1 11 1 AAL2 2022 2023-04-26 12:10:37Z Lance R Lewis 1201 K Street Suite 800 Sacramento CA 95814 10737317 0 X X 1930 CA The mission of the organization is to hold and invest funds on behalf of California Medical Association, a not-for-profit organization. 8 1 0 8 0 0 0 0 0 0 2769085 1070885 0 5936677 2769085 7007562 1152000 2824109 0 0 0 0 0 0 0 2427478 115828 3579478 2939937 -810393 4067625 31213733 21481310 24749675 15017252 6464058 6464058 California Medical Association Properties, Inc. is a non-profit corporation whose principal function is to hold and invest funds on behalf of the California Medical Association, Inc. under the provision of IRS 501(c)(2). 0 0 In 2022, CMA Properties provided general funds to the California Medical Association, a not-for-profit related organization, for the purpose of supporting programs and services offered by CMA to its members. In 2022, CMA Properties, Inc. contributed $950,000 to the California Medical Association to support the Yes on 1 Campaign whose purpose was to protect abortions rights of the people. The objective was for the State Constitution to prohibit from denying or interfering with personal choices related to reproductive health care. Proposition 1 was to ensure abortions remain safe and legal and that important health care decisions are left to individuals and their provider with the backing of science and evidence based medicine. CMA Properties, Inc. contributed $1.4 million to support the California Medical Association for the MICRA ballot initiative that would have eliminated MICRA's cap on non-economic damages. The battle resulted in a withdrawal of the Fairness for Injured Patients Act Initiative in 2022. 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 X 8 1 1 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 0 0 0 CA X Lance R Lewis 9164445532 1201 K Street Suite 800 Sacramento CA 95814 Dustin E Corcoran Secretary Treasurer 2 35 X 0 1164095 105582 Lance R Lewis Chief Financial Officer 2 35 X 0 573659 105582 Jamie Ostroff Assistant Secretary General Counsel 1 35 X 0 387114 14715 Robert E Wailes MD Immediate Past President through Oct 2023 1 1 X X 0 139208 0 Donaldo Hernandez MD President 1 1 X X 0 131348 0 Tanya W Spirtos MD President-Elect 1 1 X X 0 64704 0 Shannon Udovic-Constant MD Chair Board of Trustees 1 1 X X 0 56933 0 Peter Bretan MD Immediate Past President through Oct 2022 1 1 X X 0 53974 0 Sergio R Flores MD Vice-Chair Board of Trustees 1 1 X X 0 40242 0 Lawrence C Cheung MD Vice Speaker House of Delegates 1 1 X X 0 5659 0 Jack Chou MD Speaker House of Delegates 1 1 X X 0 0 0 0 2616936 225879 0 0 1 0 0 0 0 1273709 0 0 1273709 0 0 0 0 0 0 0 0 0 0 3526931 0 3729755 0 -202824 0 -202824 0 0 -202824 Affiliate Administrative Fees 900099 5936677 0 0 5936677 0 0 0 0 5936677 7007562 0 0 7007562 2824109 0 0 0 0 0 0 0 0 0 0 0 0 0 0 104401 0 0 0 0 0 0 0 0 0 11417 0 0 10 2939937 0 0 0 454901 283045 0 0 0 0 0 37500 0 0 0 5300000 0 0 0 0 0 23860873 19746299 1425432 1414466 0 0 0 0 172527 0 31213733 21481310 0 0 0 0 0 0 0 0 0 0 0 0 0 961271 0 0 24749675 14055981 24749675 15017252 X 6364058 6364058 100000 100000 6464058 6464058 31213733 21481310 4067625 -4067625 0 0 0 0 X X 0 1 X 1 0 16669034 0 -2148069 0 473415 73771 13973779 15929475 0 1577047 0 752000 85488 16669034 14385770 0 1639063 0 25000 70358 15929475 14333649 0 1083143 0 957862 73160 14385770 13873501 0 1469168 2000 935230 71790 14333649 0.99 0.01 0 0 0 0 1414466 C 1414466 Affiliate Payable to CMA 14055981 14055981 X Schedule D, Part V, Line 4 The Association's primary investment objectives are capital appreciation, income, and capital preservation. The ADF Endowment Fund shall not be terminated and its principal shall not be expended without the approval of the CMA Board of Trustees. The Plessner Memorial Fund and GnanaDev Membership fund are perpetual at the original value of gifts donated to the donor endowments. Schedule D, Part X, Line 2 The Association has applied the accounting principles related to accounting for uncertainty in income taxes and has determined that there is no material impact on the consolidated financial statements. 1 California Medical Association 1201 K Street Suite 800 Sacramento CA 95814 940359340 2824109 A Board designated contribution transferred to related organization to support program activities. 0 2 Schedule I, Part I, Line 2 The ADF Endowment Fund makes an annual contribution to the California Medical Association to support its program activities at a specified amount approved by the Board of Trustees. All other contributions made to other related organizations require a written agreement approved by the board to ensure funds are adequately used as stated on the contract agreement. 0 0 0 Dustin E Corcoran Secretary-Treasurer 0 813750 0 329116 0 21229 0 47950 0 57632 0 1269677 0 0 Lance R Lewis Chief Financial Officer 0 402536 0 150000 0 21123 0 47950 0 57632 0 679241 0 0 Jamie Ostroff Assistant Secretary General Counsel 0 344255 0 40000 0 2860 0 0 0 14715 0 401830 0 0 Schedule J, Part II The compensation of the officers and key employees of the California Medical Association is determined based on review of form 990s of other organization, written employment contract, compensation of study and approval of CMA's Executive Committee. Form 990, Part VI, Section A, Line 2 There is a family relationship between the Secretary-Treasurer, Dustin E Corcoran, and the Chief Financial Officer, Lance R Lewis. Form 990, Part VI, Section A, Line 6 The bylaws of the California Medical Association specify that the delegates comprising the House of Delegates shall act on behalf of the members of the corporation. Form 990, Part VI, Section A, Line 7a Trustees comprise the members of the governing body known as the Board of Trustees are elected by the House of Delegates pursuant to the procedures delineated in the bylaws of the corporation. Form 990, Part VI, Section B, Line 11b The IRS Form 990 and required schedules are prepared from the audited financial statements. Review was made by external tax auditors, controller, and management before being electronically transmitted to the Board of Trustees prior to filing with the IRS. Form 990, Part VI, Section B, Line 12c The members of the governing body and the Chief Executive Officer of the California Medical Association are required to file an annual conflict of interest disclosure statements with the corporation. Complete copies of the disclosure statements are provided to the Board of Trustees at each meeting as part of the agenda materials. All members are required to publicly disclose any potential conflict of interest during consideration of any item of business to come before the Board of Trustees. The organizational meeting of the Board newly elected trustees are provided additional instructions on conflict of interest at the new trustees orientation meeting held on an annual basis. Additionally, employees are required to disclose potential conflicts of interest in accordance with the personnel policies as stated in the employee handbook. Form 990, Part VI, Section C, Line 19 Copies of the governing documents, conflict of interest policy, and audited financial statements are made available to the public upon written request. Form 990, Part XII, Line 2c California Medical Association has an audit committee responsible for oversight of the annual audited financial statements for the organization and its affiliates. This process has not changed from year to year. California Medical Association 1201 K Street 8th Floor Sacramento CA 95814 940359340 Trade association CA 501(c)(6) N/A 0 Physicians For a Healthy California 1201 K Street 8th Floor Sacramento CA 95814 946062822 Charitable Foundation CA 501(c)(3) Line 10 CMA 0 Institute for Medical Quality 221 Main Street Suite 210 San Francisco CA 94105 943240330 Improving Medical Quality CA 501(c)(3) Line 10 CMA 0 CALPAC - California Medical Association IEC 1201 K Street 8th Floor Sacramento CA 95814 680464807 Political Campaign CA 527 CMA 0 CALPAC - California Medical Association PAC 1201 K Street 8th Floor Sacramento CA 95814 946353926 Political Campaign CA 527 CMA 0 California Medical Association Ventures Inc 1201 K Street Suite 800 Sacramento CA 95814 843971099 Holding Company DE N/A C 0 CMA Physician Services Inc 1201 K Street Suite 800 Sacramento CA 95814 843948595 Physician practice improvement services DE N/A C 0 CMA Wellness Services Inc 1201 K Street Suite 800 Sacramento CA 95814 943970931 Physician Wellness DE N/A C 0 0 1 0 1 0 0 0 0 0 0 0 0 0 1 1 0 0 1 0 Additional time was required to complete an accurate filing.