2024-04-09T08:11:39-05:00 2023-05-31 222978848 BEDERSON LLP 100 PASSAIC AVENUE - SUITE 310 FAIRFIELD NJ 07004 990 2022-06-01 210601684 MEDICAL SOCIETY OF NEW JERSEY MEDI 6098961766 TWO PRINCESS ROAD LAWRENCEVILLE NJ 08648 LAWRENCE DOWNS EXECUTIVE DIRECTOR 6098961766 2024-04-09 LAWRENCE DOWNS 999009999 0 MICHAEL CARO JR P01418714 9737363333 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z LAWRENCE DOWNS TWO PRINCESS ROAD LAWRENCEVILLE NJ 08648 1435179 0 X WWW.MSNJ.ORG X 1766 NJ THE SOCIETY IS A MEMBERSHIP ORGANIZATION OF PHYSICIANS THAT ADMINISTERS MEMBER SERVICES AND ORGANIZES CONFERENCES AND SEMINARS FOR THE BENEFIT OF THE MEMBERS. 17 15 11 0 0 622459 230532 217008 1005480 997975 55844 -286152 202953 184125 1494809 1112956 0 0 0 0 810444 841627 0 0 0 847237 939829 1657681 1781456 -162872 -668500 1687283 857124 3680619 3671563 -1993336 -2814439 X THE SOCIETY IS A MEMBERSHIP ORGANIZATION OF PHYSICIANS THAT ADMINISTERS MEMBER SERVICES AND ORGANIZES CONFERENCES AND SEMINARS FOR THE BENEFIT OF MEMBERS. TO PROMOTE THE BETTERMENT OF THE PUBLIC HEALTH AND THE SCIENCE AND THE ART OF MEDICINE, TO ENLIGHTEN PUBLIC OPINION IN REGARD TO THE PROBLEMS OF MEDICINE AND TO SAFEGUARD THE RIGHTS OF THE PRACTICE OF MEDICINE. 0 0 THE BOARD OF TRUSTEES BEGAN WORK ON ITS JUSTICE, EQUITY, DIVERSITY AND INCLUSION (JEDI) PROGRAM TO ADDRESS DISPARITIES AND INEQUITIES IN HEALTHCARE SERVICE DELIVERY, ACCESS AND OUTCOMES. THE BOARD ESTABLISHED A STANDING COMMITTEE CHAIRED BY CAMILLE GREEN, MD AND ROBERT LIKE, MD. THE SOCIETY CONTINUED TO ADVOCATE FOR REFORM OF ONEROUS PRIOR AUTHORIZATION PROGRAMS THAT CAUSE PATIENTS TO DELAY OR ABANDON HEALTHCARE SERVICES. THE SOCIETY ENGAGED DIRECTLY WITH HEALTH INSURERS REFORM PRIOR AUTHORIZATION PRACTICES. THE SOCIETY PARTICIPATED IN SEVERAL LAWSUITS CONCERNING THE USE OF MISLEADING SCIENTIFIC STUDIES REGARDING THE TRANSMISSIBILITY OF THE COVID 19 VIRUS. THE SOCIETY'S AMICUS BRIEFS BROUGHT THE KNOWN SCIENCE ON INFECTION CONTROL BEFORE THE NJ SUPREME COURT. 0 0 0 1 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 2 0 1 11 1 1 1 0 0 0 0 0 0 0 X 17 15 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 0 0 1 0 0 X X TAXPAYER 6098961766 2 PRINCESS ROAD LAWRENCEVILLE NJ 08648 STEVEN ORLAND MD PRESIDENT 5.00 X X 40000 0 0 DONALD M CHERVENAK MD PRESIDENT - ELECT 1.00 X X 0 0 0 DAVID SWEE MD 1ST VICE-PRESIDENT 1.00 X X 0 0 0 PETER BLUMENTAL MD 2ND VICE-PRESIDENT 1.00 X X 0 0 0 SUMUL RAVAL MD TREASURER 1.00 X X 0 0 0 NICOLE HENRY-DINDIAL MD SECRETARY 1.00 X X 0 0 0 KENNEDY GANTI MD IMMEDIATE PAST PRESIDENT 0.00 X X 0 0 0 CHRISTOPHER GRIBBIN MD SPEAKER, HOUSE OF DELEGATE 0.00 X X 0 0 0 ROBYN AGRI MD MEMBER 0.00 X 0 0 0 JOHN DIGIOIA MD MEMBER AT-LARGE DISTRICT 1 0.00 X 0 0 0 CATHERINE MAZZOLA MD MEMBER 0.00 X 0 0 0 SUBHASH MEHTA MD MEMBER 0.00 X 0 0 0 NAVEEN MEHROTRA MD MEMBER 0.00 X 0 0 0 JAMIL MOHSIN MD MEMBER, LARGE GROUP 0.00 X 0 0 0 SATISH SHAH MD MEMBER 0.00 X 0 0 0 LAWRENCE DOWNS ESQ CEO 40.00 X 210196 0 8846 JOSHUA BENGAL MANAGER, GOVERNMENT RELATI 40.00 X 143200 0 8943 393396 0 17789 2 0 1 0 0 217008 217008 MEMBERSHIP DUES AND ASSESSMENTS 900099 916376 916376 ANNUAL MEETING 900099 63025 63025 18574 18574 997975 19967 19967 16104 16104 322223 -322223 -322223 -322223 CONTINUOUS MEDICAL EDUCATION SERV 900099 144875 144875 MANAGEMENT FEES 900099 37500 37500 CLAIMS REVENUE SERVICE 900099 1500 1500 250 250 184125 1112956 859877 0 36071 393396 364835 28304 55092 12823 13000 126125 28733 89916 13151 233535 10985 3891 157876 PROVISION FOR TAXES 129089 MEMBERSHIP SERVICES 45039 LICENSES AND FEES 38611 REPAIRS AND MAINTENANCE 17730 19325 1781456 2099 3089 45932 18580 255047 233830 38084 36461 811943 797844 3073 14099 566792 551065 685500 0 90756 0 1687283 857124 442195 512471 657430 631951 2580994 2527141 3680619 3671563 X -1993336 -2814439 -1993336 -2814439 1687283 857124 X -668500 -152603 X X 1 X 0 1 0 0 0 0 1123667 64994 64994 146077 -81083 811943 797844 14099 14099 PENSION LIABILITY 875648 RENT ESCALATION 124289 DUE TO THE MEDICAL SOCIETY OF NJ INSURANCE AGENCY, LLC 791576 LINE OF CREDIT 298539 SBA LOAN 150000 LOAN PAYABLE - THE INSTITUTE OF MEDICINE AND PUBLIC HEALTH OF NJ 158000 UNRELATED BUSINESS INCOME TAX LIABILITY 129089 2527141 X PART X, LINE 2: ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES THE SOCIETY ADOPTED GENERALLY ACCEPTABLE ACCOUNTING PRINCIPLES FOR RECOGNITION, MEASUREMENT, PRESENTATION AND DISCLOSURE RELATING TO UNCERTAIN TAX POSITIONS, WHICH APPLIES TO BUSINESS ENTERPRISES, NOT-FOR-PROFIT ENTITIES, AND PASS-THROUGH ENTITIES, SUCH AS S CORPORATIONS AND LIMITED LIABILITY COMPANIES. THE SOCIETY FILES INCOME TAX RETURNS IN THE U.S. FEDERAL JURISDICTION AND THE STATE OF NEW JERSEY. INCOME TAX RETURNS PRIOR TO 2020 ARE CLOSED UNDER STATUTES OF LIMITATIONS. PART XI, LINE 2D - OTHER ADJUSTMENTS: REVENUE FROM CONTROLLED ENTITY - MSNJ INSURANCE AGENCY, LLC# 20-5665426 AMORTIZATION OF DEFERRED GAIN PART XI, LINE 4B - OTHER ADJUSTMENTS: REALIZED GAINS ON INVESTMENTS PART XII, LINE 2D - OTHER ADJUSTMENTS: EXPENSES FROM CONTROLLED ENTITY - MSNJ INSURANCE AGENCY, LLC ID# 20-5665426 X X X X X 0 0 0 LAWRENCE DOWNS ESQ CEO 210196 0 0 0 0 0 0 0 8846 0 219042 0 0 0 JOSHUA BENGAL MANAGER, GOVERNMENT RELATI 143200 0 0 0 0 0 0 0 8943 0 152143 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATIONS HAS MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A THE ORGANIZATION HAS MEMBERS WHO COULD BE ELECTED FROM THE FLOOR OF THE HOUSE OF DELEGATES. FORM 990, PART VI, SECTION A, LINE 7B THE DECISIONS OF THE GOVERNING BODY ARE SUBJECT TO APPROVAL BY THE MEMBERS. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF FORM 990 IS DISTRIBUTED TO THE MEMBERS OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 12C TRUSTEES AND NOMINATING MEMBERS ARE DISTRIBUTED THE POLICY AND FORM TO DISCLOSE CONFLICTS. THESE DISCLOSURE FORMS ARE FILED WITH THE GENERAL COUNSEL ANNUALLY. FORM 990, PART VI, SECTION B, LINE 15A THE ORGANIZATION USES DATA FROM OTHER ASSOCIATIONS AND STATE MEDICAL SOCIETIES AND AGREE ON THE ANNUAL COMPENSATION VIA THE COMPENSATION COMMITTEE. THE COMPENSATION COMMITTEE REVIEWS THE GOALS AND OBEJECTIVES OF THE CEO. SEVERAL PUBLISHED COMPENSATION STUDIES ARE USED TO REVIEW AND DETERMINE SALARY AND INCREASED BENEFITS. FORM 990, PART VI, SECTION C, LINE 18 THE ORGANIZATION MAKES ITS 990 AND 990-T AVAILABLE FOR PUBLIC INSPECTION ON THE GUIDESTAR WEBSITE AND UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC ON THE ORGANIZATIONS WEBSITE, THE GUIDESTAR WEBSITE, AND UPON REQUEST. FORM 990, PART XI, LINE 9: NET PERIODIC PENSION COST -128,045. PROVISION FOR INCOME TAXES -2,521. AMORTIZATION OF DEFERRED GAIN 20,660. UNREALIZED GAIN ON INVESTMENTS -27,305. CHANGE IN PENSION LIABILITY -15,392. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS ASSUMED RESPONSIBILITY FOR OVERSIGHT OF THE REVIEW OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT AND HAS NOT CHANGED ITS PROCESS FROM THE PRIOR YEAR. THE MEDICAL SOCIETY OF NEW JERSEY INSURANCE AGENCY LLC 2 PRINCESS ROAD LAWRENCEVILLE NJ 08648 205665426 PROVIDING LOW COST SELF-INSURED HEALTH INSURANCE. NJ MEDICAL SOCIETY OF NEW JERSEY THE INSTITUTE OF MEDICINE AND PUBLIC HEALTH OF NEW JERSEY INC 2 PRINCESS ROAD LAWRENCEVILLE NJ 08648 200678012 TO MANAGE PROGRAM GRANTS IN SUPPORT OF PUBLIC HEALTH. NJ 501(C)(3) LINE 7 N/A 0 MRAC INC 2 PRINCESS ROAD LAWRENCEVILLE NJ 08648 223342134 PROVIDES MEDICAL ACCREDITATION SERVICES NJ MEDICAL SOCIETY OF NEW JERSEY C 1.00000 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0