Sarasota County Medical Society in Sarasota, Florida (FL)

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Sarasota County Medical Society
Employer Identification Number (EIN)590825010
Name of OrganizationSarasota County Medical Society
Address4153 Clark Rd, Sarasota, FL 34233-2403
ActivitiesOther school related activities, Professional association, Other services or benefits to members or employees
SubsectionBusiness League
Ruling Date05/1969
DeductibilityContributions are not deductible
FoundationAll organizations except 501(c)(3)
OrganizationAssociation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2013
Assets$100,000 to $499,999
Income$100,000 to $499,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$424,021
Amount of Income$189,012
Form 990 Revenue Amount$189,012
National Taxonomy of Exempt Entities (NTEE)Diseases, Disorders, Medical Disciplines: Professional Societies, Associations


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Amount of income in 2013: $189,012
Sarasota County Medical Society: 

 $189,012
Other organizations performing similar types of work: 

 $472,773

Assets in 2013: $424,021
This organization: 

 $424,021
Other organizations performing similar types of work: 

 $232,238

Expenses in 2013: $186,037
Sarasota County Medical Society: 

 $186,037
Other organizations performing similar types of work: 

 $449,200

Income to expenses ratio in 2013: 1.0
This organization: 

 1.0
Other organizations performing similar types of work: 

 1.1

Number of employees in 2007: 4
Sarasota County Medical Society: 

 4
Other organizations performing similar types of work: 

 9

Employees paid over $50,000 in 2007: 25.0%
Sarasota County Medical Society: 

 25.0%
Other organizations performing similar types of work: 

 2.0%

Grants share in income in 2013: 0.0%
This organization: 

 0.0%
Other organizations performing similar types of work: 

 0.1%

Financial snapshot ($)

Revenue for 2013

Revenue, Expenses, and Changes in Net Assets or Fund Balances
201120122013
Total revenue$190,378$195,583$189,012
Contributions, gifts, grants, and similar amounts received$0$0$0
Program service revenue including government fees and contracts$74,005$78,066$78,131
Membership dues and assessments$98,535$94,414$93,223
Investment income$629$461$176
Gain/Loss from sale of assets other than inventory$0$0$0
Net income/loss from gaming and fundraising events$0$0$0
Gross profit/loss from sales of inventory$0$0$0
Other revenue$17,209$22,642$17,482
Total expenses$161,007$177,675$186,037
Total net assets$301,924$319,832$322,807
Excess/Deficit for the year$29,371$17,908$2,975
Net assets or fund balances at beginning of year$272,553$301,924$319,832
Other changes in net assets or fund balances$0$0$0
Net assets or fund balances at end of year$319,832$322,807
Balance Sheets
201120122013
Total assets$406,773$394,859$424,021
Total liabilities$104,849$75,027$101,214
Net assets or fund balances$301,924$319,832$322,807
Other Information
201120122013
Did the organization engage in any significant activity not previously reported to the IRS?NoNo
Were any significant changes made to the organizing or governing documents?NoNo
Did the organization have unrelated business gross income of $1,000 or more during the year from business activitiesYesYesYes
Has the organization filed a Form 990-T for the year?YesYes
Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year?NoNo
Amount of political expenditures, direct or indirect$0$0
Did the organization file Form 1120-POL for this year?NoNo
Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return?NoNo
Total amount involved$0$0
Initiation fees and capital contributions$0$0$0
Gross receipts for public use of club facilities$0$0$0
Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ?NoNo
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?NoNo
Reason for Public Charity Status (for 2013)
The organization is not a private foundation because it is:Not provided
Number of organizations supported0
Sum of amounts of support$0
Revenue, Expenses, and Changes in Net Assets or Fund Balances
20002001200220032004200520062007
Total revenue$233,204$208,068$201,431$337,673$223,852$248,349$289,550$244,665
Contributions, gifts, grants, and similar amounts received$0$0$0$0$0$0$0$0
Contributions to donor advised funds$0$0
Direct public support$0$0$0$0$0$0$0$0
Indirect public support$0$0$0$0$0$0$0$0
Government contributions (grants)$0$0$0$0$0$0$0$0
Program service revenue including government fees and contracts$81,042$50,157$35,059$42,179$76,360$95,240$126,075$90,790
Membership dues and assessments$136,001$138,974$142,692$136,608$118,677$127,618$128,013$128,491
Interest on savings and temporary cash investments$5,283$1,730$261$1,320$1,210$701$541$690
Dividends and interest from securities$0$0$0$0$0$0$0$0
Net rental income or (loss)$998$339$2,390$-256$0$-21$-597$0
Gross rents$3,119$1,000$6,000$2,500$0$1,519$2,734$0
Less: rental expenses$2,121$661$3,610$2,756$0$1,540$3,331$0
Other investment income$0$0$0$0$0$0$0$0
Gain or (loss) from sales of assets other than inventory$0$0$0$128,145$0$0$0$0
Gross amount from sales of assets other than inventory$0$0$0$363,000$0$0$0$0
Less: cost or other basis and sales expenses$0$0$0$234,855$0$0$0$0
Net income or (loss) from special events and activities$0$0$0$0$0$0$0$0
Gross revenue$0$0$0$0$0$0$0$0
Less: direct expenses other than fundraising expenses$0$0$0$0$0$0$0$0
Gross profit or (loss) from sales of inventory$0$0$0$0$0$0$0$0
Gross sales of inventory, less returns and allowances$0$0$0$0$0$0$0$0
Less: cost of goods sold$0$0$0$0$0$0$0$0
Other revenue$9,880$16,868$21,029$29,677$27,605$24,811$35,518$24,694
Total expenses$273,147$258,675$222,867$241,005$238,329$241,742$269,264$236,677
Program services$0$0$0$0$0$0$0$0
Management and general$0$0$0$0$0$0$0$0
Fundraising$0$0$0$0$0$0$0$0
Payments to affiliates$0$0$0$0$0$0$0$0
Net assets or fund balances at end of year$201,322$150,715$129,279$225,947$211,470$214,844$235,130$243,118
Excess or (deficit) for the year$-39,943$-50,607$-21,436$96,668$-14,477$6,607$20,286$7,988
Net assets or fund balances at beginning of year$241,264$201,322$150,715$129,279$225,947$211,470$214,844$235,130
Other changes in net assets or fund balances$1$0$0$0$0$-3,233$0$0
Statement of Functional Expenses (for 2007)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$236,677$0$0$0
Grants paid from donor advised funds$0
Other grants and allocations$150
Specific assistance to individuals$0
Benefits paid to or for members$0
Compensation of current officers, directors, key employees, etc.$89,594$0$0$0
Compensation of former officers, directors, key employees, etc.$0$0$0$0
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0$0$0
Salaries and wages of employees not included above$46,363$0$0$0
Pension plan contributions not included above$0$0$0$0
Employee benefits not included above$0$0$0$0
Payroll taxes$10,641$0$0$0
Professional fundraising fees$0$0$0$0
Accounting fees$6,150$0$0$0
Legal fees$0$0$0$0
Supplies$0$0$0$0
Telephone$5,866$0$0$0
Postage and shipping$2,724$0$0$0
Occupancy$12,968$0$0$0
Equipment rental and maintenance$0$0$0$0
Printing and publications$35,802$0$0$0
Travel$6,329$0$0$0
Conferences, conventions, and meetings$11,051$0$0$0
Interest$0$0$0$0
Depreciation, depletion, etc.$9,050$0$0$0
Other expenses not covered above$-11$0$0$0
Balance Sheets
20002001200220032004200520062007
Total assets$369,005$354,939$235,447$326,950$306,194$333,611$343,901$351,029
Cash - non-interest-bearing$827$1,037$710$308$385$41,498$54,723$72,007
Savings and temporary cash investments$143,874$134,300$23,519$319,329$301,564$0$0$0
Accounts receivable less allowance for doubtful accounts$0$0$0$0$0$0$0$0
Pledges receivable less allowance for doubtful accounts$0$0$0$0$0$0$0$0
Grants receivable$0$0$0$0$0$0$0$0
Receivables from current and former officers, directors, trustees, and key employees$0$0$0$0$0$0$0$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0
Other notes and loans receivable less allowance for doubtful accounts$0$0$285$120$0$50$0$18
Inventories for sale or use$0$0$0$0$0$0$0$0
Prepaid expenses and deferred charges$1,015$2,204$0$0$0$0$2,282$1,158
Investments - publicly-traded securities$0$0
Investments - other securities$0$0$0$0$0$0$0$0
Investments - land, buildings, and equipment less accumulated depreciation$221,884$0$0$0$0$0$0$0
Investments - other$0$0$0$0$0$0$0$0
Land, buildings, and equipment less accumulated depreciation$0$215,993$209,528$900$451$290,508$285,339$276,291
Other assets, including program-related investments$1,405$1,405$1,405$6,293$3,794$1,555$1,557$1,555
Total liabilities$167,683$204,224$106,168$101,003$94,724$118,767$108,771$107,911
Accounts payable and accrued expenses$2,152$8,455$3,997$968$1,709$347$458$210
Grants payable$0$0$0$0$0$0$0$0
Deferred revenue$0$0$0$99,585$92,275$118,334$108,086$107,660
Loans from officers, directors, trustees, and key employees$0$0$0$0$0$0$0$0
Tax-exempt bond liabilities$0$0$0$0$0$0$0$0
Mortgages and other notes payable$2,026$1,395$861$0$0$0$0$0
Other liabilities$163,505$194,374$101,310$450$740$86$227$41
Total liabilities and net assets/fund balances$369,005$354,939$235,447$326,950$306,194$333,611$343,901$351,029
Total net assets or fund balances$201,322$150,715$129,279$225,947$211,470$214,844$235,130$243,118
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
20002001200220032004200520062007
Total revenue$0$0$0$0$0$0$0$0
Total revenue, gains, and other support per audited financial statements$0$0$0$0$0$0$0$0
Other expenses$0$0$0$0$0$0$0$0
Net unrealized gains on investments$0$0$0$0$0$0$0$0
Donated services and use of facilities$0$0$0$0$0$0$0$0
Recoveries of prior year grants$0$0$0$0$0$0$0$0
Other$0$0$0$0$0$0$0$0
Other revenue$0$0$0$0$0$0$0$0
Investment expenses$0$0$0$0$0$0$0$0
Other$0$0$0$0$0$0$0$0
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
20002001200220032004200520062007
Total expenses$0$0$0$0$0$0$0$0
Total expenses and losses per audited financial statements$0$0$0$0$0$0$0$0
Other revenue$0$0$0$0$0$0$0$0
Donated services and use of facilities$0$0$0$0$0$0$0$0
Prior year adjustments$0$0$0$0$0$0$0$0
Losses$0$0$0$0$0$0$0$0
Other$0$0$0$0$0$0$0$0
Other expenses$0$0$0$0$0$0$0$0
Investment expenses$0$0$0$0$0$0$0$0
Other$0$0$0$0$0$0$0$0
Current Officers, Directors, Trustees, and Key Employees
Average hours per week devoted to positionCompensationContributions to employee benefit plans & deferred compensation plansExpense account and other allowances
40$89,594$0$0
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings7
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?No
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?No
Does the organization have a written conflict of interest policy?Yes
Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?Yes
Was there a liquidation, dissolution, termination, or substantial contraction during the year?No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?Yes
Direct and indirect political expenditures$0
Did the organization file Form 1120-POL for this year?No
Were substantially all dues nondeductible by members?No
Did the organization make only in-house lobbying expenditures of $2,000 or less?Yes
Dues, assessments, and similar amounts from members$0
Section 162(e) lobbying and political expenditures$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices$0
Taxable amount of lobbying and political expenditures$0
Does the organization elect to pay the section 6033(e) tax on the amount above?No
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?No
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?No
Amount of tax imposed on the organization during the year under: section 4911$0
Amount of tax imposed on the organization during the year under: section 4912$0
Amount of tax imposed on the organization during the year under: section 4955$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958$0
Amount of tax above, reimbursed by the organization$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?No
Did the organization acquire a direct or indirect interest in any applicable insurance contract?No
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?No
Number of employees employed in the pay period that includes March 12, 20064
Analysis of Income-Producing Activities (for 2007)
Unrelated business incomeExcluded by section 512, 513, or 514Related or exempt function income
Business codeAmountExclusion codeAmount
Total$83,229$0$161,436
Program service revenue
Program service revenue 1000000$000$0$2,300
Program service revenue 2Periodical publishers (except Internet)$83,22900$0$0
Program service revenue 3000000$000$0$5,261
Program service revenue 4000000$000$0$0
Program service revenue 5000000$000$0$0
Medicare/Medicaid payments000000$000$0$0
Fees and contracts from government agencies000000$000$0$0
Membership dues and assessments000000$000$0$128,491
Interest on savings and temporary cash investments000000$000$0$690
Dividends and interest from securities000000$000$0$0
Net rental income or (loss) from real estate
debt-financed property000000$000$0$0
not debt-financed property000000$000$0$0
Net rental income or (loss) from personal property000000$000$0$0
Other investment income000000$000$0$0
Gain or (loss) from sales of assets other than inventory000000$000$0$0
Net income or (loss) from special events000000$000$0$0
Gross profit or (loss) from sales of inventory000000$000$0$0
Other revenue000000$000$0$24,694
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2007)
EIN of corporation, partnership, or disregarded entityPercentage of ownership interestTotal incomeEnd-of-year assets
0%$0$0
0%$0$0
0%$0$0
0%$0$0
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2007)
CompensationContributions to employee benefit plans & deferred compensationExpense account and other allowances
$0$0$0
$0$0$0
$0$0$0
$0$0$0
$0$0$0
Total number of other employees paid over $50,0000
Statements About Activities (for 2007)
Expenses paid or incurred in connection with the lobbying activities$0
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?
Did the organization maintain any donor advised funds?
Did the organization make any taxable distributions under section 4966?
Did the organization make a distribution to a donor, donor advisor, or related person?
The total number of donor advised funds owned at the end of the tax year$0
The aggregate value of assets held in all donor advised funds owned at the end of the tax year$0
The total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts$0
The aggregate value of assets held in all funds or accounts included above at the end of the tax year$0
Reason for Non-Private Foundation Status
The organization is not a private foundation because it is
Support Schedule
19992000200120022003200420052006
Total$0$0$0$0$0$0$0$0
Gifts, grants, and contributions received$0$0$0$0$0$0$0$0
Membership fees received$0$0$0$0$0$0$0$0
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose$0$0$0$0$0$0$0$0
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975$0$0$0$0$0$0$0$0
Net income from unrelated business activities not included above$0$0$0$0$0$0$0$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf$0$0$0$0$0$0$0$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge$0$0$0$0$0$0$0$0
Other income$0$0$0$0$0$0$0$0
Lobbying Expenditures by Electing Public Charities (for 2007)
Total exempt purpose expenditures$0
Total lobbying expenditures$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)$0
Total lobbying expenditures to influence a legislative body (direct lobbying)$0
Other exempt purpose expenditures$0
Lobbying nontaxable amount$0
Grassroots nontaxable amount$0
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1American Association Of Clinical Endocrinologists245 Riverside Ave Ste 200, Jacksonville, FL 32202-4933FL1994-01$14,511,808
2American Board Of Pathology Inc4830 W Kennedy Blvd Ste 690, Tampa, FL 33609-2571FL1945-08$11,331,696
3Sarasota County Medical Society4153 Clark Rd, Sarasota, FL 34233-2403FL1969-05$189,012
4Sexual Medicine Society Of North AmericaPO BOX 160, Holly Ridge, NC 28445-0160NC2000-05$1,712,468
5Special Operations Medical Association IncPO BOX 19489, Lenexa, KS 66285-9489KS1994-11$712,037
6The Walter E Dandy Neurosurgical Society3635 Vista Ave, Saint Louis, MO 63110-2539MO2012-05$472,773
7The Philippine Medical Association Of Southeastern Virginia Inc6009 Providence Rd, Virginia Bch, VA 23464-3808VA1983-03$166,998
8Virginia Geriatrics Society, Mcguire Va Medical Center 111tPO BOX 24305, Richmond, VA 23224-0305VA1999-03$142,562
9Winter Urologic Forum Inc1100 E Woodfield Rd Suite 350, Schaumburg, IL 60173IL2011-02$129,677
10Notre Dame Orthopaedic Society Inc53880 Carmichael Dr, South Bend, IN 46635-1567IN2010-05$94,035
11Sociedad Medico Dental Hispanoamericana De Nueva York Inc10401 Roosevelt Ave, Corona, NY 11368-2327NY2003-10$67,726
12Alabama Association Of Orthodontist9 Hope Street, Huntsville, AL 35806AL2008-08$46,656
13Rtt CollaborativeGrosvenor Hall, Athens, OH 45701OH2014-09$31,506
14Suffolk Pediatric Society Inc1767-14 Veterans Memorial Highway, Islandia, NY 11749-1536NY2008-06$9,610
15Ohio Society For Bariatric Surgery600 Woods Hollow Lane, Powell, OH 43065OH2013-11$3,450
16Alliance Of Connecticut Midwives38 Short Beach Rd, Branford, CT 06405CT1999-03$0
17Association For Vascular Access1615 Nature Court, Palm Beach Gardens, FL 33410FL2010-01$0
18Association For Vascular Access3554 Rolling Hills Lane, Apopka, FL 32712FL2010-01$0
19Philippine Medical Society Gulf Coast Chapter121 Hickory Creek Blvd, Brandon, FL 33511FL2006-03$0
20Philippine Nurses Association Of Gulfcoast Florida Inc2717 Brinley Drive, Trinity, FL 34655FL2008-09$0
Number of organizations performing similar types of work
Alabama1
Arkansas1
Arizona3
California10
Colorado5
Connecticut1
Florida7
Georgia1
Hawaii1
Illinois13
Indiana4
Kansas1
Kentucky2
Massachusetts1
Maryland3
Maine2
Michigan2
Minnesota4
Missouri2
Mississippi1
North Carolina3
Nebraska1
New Hampshire1
New Jersey2
Nevada1
New York14
Ohio5
Oklahoma1
Oregon2
Pennsylvania5
Rhode Island1
South Carolina4
Tennessee1
Texas5
Utah1
Virginia7
Washington1
Wisconsin2
West Virginia2
International1
Total125

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