2025-11-06T12:43:00-07:00 2024-12-31 990 2024-01-01 946062821 CALIFORNIA MEDICAL ASSOCIATION PROPERTIES INC CALI 9164445532 1201 K Street Suite 800 Sacramento CA 95814 Lance R Lewis Chief Financial Officer 9164445532 2025-11-06 1 2024 2025-03-06 01:10:19Z Lance R Lewis 1201 K Street Suite 800 Sacramento CA 95814 16802456 0 X X 1930 CA The mission of the organization is to hold and invest funds on behalf of the California Medical Association, a not-for-profit organization. 7 0 0 12 0 0 0 0 0 0 2197193 3859002 0 129128 2197193 3988130 1250000 10671650 0 0 0 0 0 0 0 1684571 319210 2934571 10990860 -737378 -7002730 22517466 21860428 16053408 15396370 6464058 6464058 The 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 2024, 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. 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 7 0 1 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 0 0 0 CA X X Lance R Lewis 9164445532 1201 K Street Suite 800 Sacramento CA 95814 Dustin E Corcoran Secretary-Treasurer 2 35 X X 0 1484137 105566 Jamie Ostroff Chief Legal Officer and General Counsel 1 35 X 0 724851 47521 Lance R Lewis Chief Financial Officer 2 35 X 0 633954 101619 Michelle Chapanian Assistant Secretary-Treasurer 1 35 X 0 216843 51895 Tatiana W Spirtos MD Immediate Past President 1 1 X X 0 136570 0 Shannon Udovic Constant MD President 1 1 X X 0 115917 0 Donaldo Hernandez MD Immediate Past President through Oct 2024 1 1 X X 0 75567 0 Sergio R Flores MD Chair, Board of Trustees 1 1 X X 0 57400 0 George Fouras MD Vice Speaker, House of Delegates 1 1 X X 0 57300 0 Eric Hansen DO Vice-Chair, Board of Trustees 1 1 X X 0 41700 0 Rene Bravo MD President-Elect 1 1 X X 0 17745 0 Jack Chou MD Vice Speaker, House of Delegates thru Oct 2024 1 1 X X 0 0 0 0 3561984 306601 0 0 1 0 0 0 0 1408689 0 0 1408689 0 0 0 0 0 0 0 0 0 0 15264639 0 12814326 0 2450313 0 2450313 0 0 2450313 Affiliate Administrative Fees 900099 129128 129128 0 0 0 0 0 0 129128 3988130 129128 0 3859002 10671650 2025 101171 215809 205 10990860 0 0 0 202011 196629 0 0 0 0 37502 42502 0 0 0 0 0 0 0 0 0 0 20887653 20213031 1390300 1408266 0 0 0 0 0 0 22517466 21860428 0 0 0 0 0 0 487119 5100231 0 15566289 10296139 16053408 15396370 X 6364058 6364058 100000 100000 6464058 6464058 22517466 21860428 X -7002730 -1004110 0 0 0 8006840 X X 0 1 X 1 0 14809009 0 1576893 0 2845181 71511 13469210 13973779 0 1788564 0 882387 70947 14809009 16669034 0 -2148069 0 473415 73771 13973779 15929475 0 1577047 0 752000 85488 16669034 14385770 0 1639063 0 25000 70358 15929475 0.99 0.01 0 0 0 1408266 C 1408266 0 Affiliate payable to CMA 10296139 10296139 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 501(c)(6) 10671650 0 Cost The board has designated funds for a contribution to the related organization to support its program activities. 0 1 Schedule I, Part I, Line 2 All contributions made by the organization must be approved by the CMA Board of Trustees. A formal written agreement is required for each contribution, which ensures the proper use of funds in accordance with the contract terms. 0 0 0 Dustin E Corcoran Secretary-Treasurer 0 897159 0 558800 0 28178 0 43700 0 61866 0 1589703 0 0 Jamie Ostroff Chief Legal Officer and General Counsel 0 629949 0 90000 0 4902 0 20700 0 26821 0 772372 0 0 Lance R Lewis Chief Financial Officer 0 449463 0 160000 0 24491 0 43700 0 57919 0 735573 0 0 Michelle Chapanian Assistant Secretary-Treasurer 0 191482 0 25000 0 361 0 23744 0 28151 0 268738 0 0 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 Form 990 and required schedules are prepared from the audited financial statements. A comprehensive review process includes independent tax professionals, followed by the organization's Chief Financial Officer. A final copy gets electronically distributed to the Board of Directors prior to filing with the IRS. Form 990, Part VI, Section B, Line 12c The members of the governing body and the Secretary-Treasurer 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 XI, Line 9 GAAP book reconciliation amount between the related organizations, California Medical Association and California Medical Association Properties, Inc. Form 990, Part XII, Line 2c The Association has an audit committee that assumes responsibility to oversee the financial statements audit process which 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 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 Yes On Proposition 1 - Expanding Access To Mental Health Services 1201 K Street 8th Floor Sacramento CA 95814 944804823 Social welfare CA 501(c)(4) 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 0 0 0 0 0 0 0 0 0 0 1 1 1 0 1 0 Additional time was necessary in order to complete an accurate filing.