Fort Wayne Medical Society Foundation Inc in Fort Wayne, Indiana (IN)

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Fort Wayne Medical Society Foundation Inc
Employer Identification Number (EIN)356049685
Name of OrganizationFort Wayne Medical Society Foundation Inc
Address750 Broadway Ste 250, Fort Wayne, IN 46802-1412
ActivitiesOther religious activities
SubsectionCharitable Organization
Ruling Date02/1965
DeductibilityContributions are deductible
FoundationOrganization which receives a substantial part of its support from a governmental unit or the general public
OrganizationTrust
Exempt Organization StatusUnconditional Exemption
Tax Period12/2013
Assets$10,000,000 to $49,999,999
Income$10,000,000 to $49,999,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$15,211,974
Amount of Income$13,208,877
Form 990 Revenue Amount$12,949,669
National Taxonomy of Exempt Entities (NTEE)Health - General and Rehabilitative:


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Amount of income in 2013: $13,208,877 (it was $11,396,906 in 2012)
Fort Wayne Medical Society Foundation Inc: 

 $13,208,877
Other organizations performing similar types of work: 

 $192,992

Assets in 2013: $15,211,974 (it was $13,693,959 in 2012)
Fort Wayne Medical Society Foundation Inc: 

 $15,211,974
Other organizations performing similar types of work: 

 $202,095

Expenses in 2013: $11,514,882
Fort Wayne Medical Society Foundation Inc: 

 $11,514,882
Other organizations performing similar types of work: 

 $152,336

Income to expenses ratio in 2013: 1.1
Fort Wayne Medical Society Foundation Inc: 

 1.1
Other organizations performing similar types of work: 

 1.2

Number of employees in 2013: 140
This organization: 

 140
Other organizations performing similar types of work: 

 2

Employees paid over $100,000 in 2013: 8.6%
This organization: 

 8.6%
Other organizations performing similar types of work: 

 0.0%

Grants share in income in 2013: 78.0%
This organization: 

 78.0%
Other organizations performing similar types of work: 

 45.1%

Financial snapshot ($)

Revenue for 2013

Assets at the end of 2013

Functional expenses for 2013

Support schedule

Checklist
20122013
Is the organization described in section 501(c)(3) or 4947(a)(1) (other than a private foundation)?NoYes
Is the organization required to complete Schedule B, Schedule of Contributors?YesYes
Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition to candidates for public office?NoNo
Did the organization engage in lobbying activities, or have a section 501(h) election in effect during the tax year?NoNo
Is the organization a section 501(c)(4), 501(c)(5), or 501(c)(6) organization that receives membership dues, assessments, or similar amounts as defined in Revenue Procedure 98-19?NoNo
Did the organization maintain any donor advised funds or any similar funds or accounts for which donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts?NoNo
Did the organization receive or hold a conservation easement, including easements to preserve open space, the environment, historic land areas, or historic structures?NoNo
Did the organization maintain collections of works of art, historical treasures, or other similar assets?NoNo
Did the organization report an amount for escrow or custodial account liability; serve as a custodian or provide credit counseling, debt management, credit repair, or debt negotiation services?NoNo
Did the organization, directly or through a related organization, hold assets in temporarily restricted endowments, permanent endowments, or quasi-endowments?NoYes
Did the organization report an amount for land, buildings, and equipment?YesYes
Did the organization report an amount for investments-other securities that is 5% or more of its total assets?NoNo
Did the organization report an amount for investments-program related that is 5% or more of its total assets?NoNo
Did the organization report an amount for other assets that is 5% or more of its total assets?NoNo
Did the organization report an amount for other liabilities?NoNo
Did the organization's separate or consolidated financial statements for the tax year include a footnote that addresses the organization's liability for uncertain tax positions under FIN 48 (ASC 740)?YesYes
Did the organization obtain separate, independent audited financial statements for the tax year?YesYes
Was the organization included in consolidated, independent audited financial statements for the tax year?NoNo
Is the organization a school described in section 170(b)(1)(A)(ii)?NoNo
Did the organization maintain an office, employees, or agents outside of the United States?NoNo
Did the organization have aggregate revenues or expenses of more than $10,000 from grantmaking, fundraising, business, investment, and program service activities outside the United States, or aggregate foreign investments valued at $100,000 or more?NoNo
Did the organization report more than $5,000 of grants or other assistance to or for any foreign organization?NoNo
Did the organization report more than $5,000 of aggregate grants or other assistance to or for foreign individuals?NoNo
Did the organization report a total of more than $15,000 of expenses for professional fundraising services?NoNo
Did the organization report more than $15,000 total of fundraising event gross income and contributions?YesYes
Did the organization report more than $15,000 of gross income from gaming activities?NoNo
Did the organization operate one or more hospital facilities?NoNo
Did the organization attach a copy of its audited financial statements?NoNo
Did the organization report more than $5,000 of grants or other assistance to any domestic organization or domestic government?YesYes
Did the organization report more than $5,000 of grants or other assistance to or for domestic individuals?NoNo
Did the organization answer 'Yes' about compensation of the organization's current and former officers, directors, trustees, key employees, and highest compensated employees?YesYes
Did the organization have a tax-exempt bond issue with an outstanding principal amount of more than $100,000 as of the last day of the year, that was issued after December 31, 2002?NoNo
Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception?NoNo
Did the organization maintain an escrow account other than a refunding escrow at any time during the year to defease any tax-exempt bonds?NoNo
Did the organization act as an 'on behalf of' issuer for bonds outstanding at any time during the year?NoNo
Did the organization engage in an excess benefit transaction with a disqualified person during the year?NoNo
Is the organization aware that it engaged in an excess benefit transaction with a disqualified person in a prior year, and that the transaction has not been reported on any of the organization's prior Forms 990 or 990-EZ?NoNo
Did the organization report any amount for receivables from or payables to any current or former officers, directors, trustees, key employees, highest compensated employees, or disqualified persons?NoNo
Did the organization provide a grant or other assistance to an officer, director, trustee, key employee, substantial contributor or employee thereof, a grant selection committee member, or to a 35% controlled entity or family member of any of these persons?NoNo
Was the organization a party to a business transaction with one of the following parties
A current or former officer, director, trustee, or key employee?NoYes
A family member of a current or former officer, director, trustee, or key employee?NoNo
An entity of which a current or former officer, director, trustee, or key employee (or a family member thereof) was an officer, director, trustee, or direct or indirect owner?NoNo
Did the organization receive more than $25,000 in non-cash contributions?NoNo
Did the organization receive contributions of art, historical treasures, or other similar assets, or qualified conservation contributions?NoNo
Did the organization liquidate, terminate, or dissolve and cease operations?NoNo
Did the organization sell, exchange, dispose of, or transfer more than 25% of its net assets?NoNo
Did the organization own 100% of an entity disregarded as separate from the organization under Regulations sections 301.7701-2 and 301.7701-3?NoNo
Was the organization related to any tax-exempt or taxable entity?YesYes
Did the organization have a controlled entity within the meaning of section 512(b)(13)?NoNo
Did the organization make any transfers to an exempt non-charitable related organization?NoNo
Did the organization conduct more than 5% of its activities through an entity that is not a related organization and that is treated as a partnership for federal income tax purposes?NoNo
Statements Regarding Other IRS Filings and Tax Compliance
201120122013
The number reported in Box 3 of Form 10962620
The number of Forms W-2G00
Did the organization comply with backup withholding rules for reportable payments to vendors and reportable gaming (gambling) winnings to prize winners?YesNo
The number of employees reported on Form W-3, Transmittal of Wage and Tax Statements, filed for the calendar year ending with or within the year covered by this return132140
Did the organization file all required federal employment tax returns?YesYes
Did the organization have unrelated business gross income of $1,000 or more during the year?NoNoNo
Has it filed a Form 990-T for this year?NoNo
At any time during the calendar year, did the organization have an interest in, or a signature or other authority over, a financial account in a foreign country (such as a bank account, securities account, or other financial account)?NoNo
Was the organization a party to a prohibited tax shelter transaction at any time during the tax year?NoNo
Did any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction?NoNo
Did the organization file Form 8886-T?NoNo
Does the organization have annual gross receipts that are normally greater than $100,000, and did the organization solicit any contributions that were not tax deductible as charitable contributions?NoNo
Did the organization include with every solicitation an express statement that such contributions or gifts were not tax deductible?NoNo
Did the organization receive a payment in excess of $75 made partly as a contribution and partly for goods and services provided to the payor?NoNo
Did the organization notify the donor of the value of the goods or services provided?NoNo
Did the organization sell, exchange, or otherwise dispose of tangible personal property for which it was required to file Form 8282?NoNo
Did the organization receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?NoNo
Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract?NoNo
If the organization received a contribution of qualified intellectual property, did the organization file Form 8899 as required?NoNo
If the organization received a contribution of cars, boats, airplanes, or other vehicles, did the organization file a Form 1098-C?NoNo
Did a donor advised fund maintained by the sponsoring organization have excess business holdings at any time during the year?NoNo
Did the sponsoring organization make any taxable distributions under section 4966?NoNo
Did the sponsoring organization make a distribution to a donor, donor advisor, or related person?NoNo
Initiation fees and capital contributions$0$0$0
Gross receipts for public use of club facilities $0$0$0
Gross income from members or shareholders$0$0$0
Gross income from other sources$0$0$0
Is the organization filing Form 990 in lieu of Form 1041?NoNo
The amount of tax-exempt interest received or accrued during the year$0$0
Is the organization licensed to issue qualified health plans in more than one state?NoNo
The amount of reserves the organization is required to maintain by the states in which the organization is licensed to issue qualified health plans$0$0
The amount of reserves on hand$0$0
Did the organization receive any payments for indoor tanning services during the tax year?NoNo
Has it filed a Form 720 to report these payments?NoNo
Compensation of Officers, Directors, Trustees, Key Employees, Highest Compensated Employees, and Independent Contractors
20122013
Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees
Total reportable compensation from the organization$2,208,431$2,623,171
Total reportable compensation from related organizations$111,631$109,933
Total estimated amount of other compensation from the organization and related organizations$300,337$162,297
Total number of individuals who received more than $100,000 of reportable compensation from the organization911
Total number of independent contractors who received more than $100,000 of compensation from the organization11
Statement of Revenue
201120122013
Total revenue$9,940,358$11,226,976$12,949,669
Contributions, Gifts, Grants and Other Similar Amounts$7,202,080$8,501,265$10,094,994
Program Service Revenue$2,586,727$2,597,327$2,728,638
621400$212,500$2,023,125
621400$1,836,703$512,355
519100$36,740$161,500
624100$511,384$31,658
All other program service revenue$0$0
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$19,409$20,892$21,298
Income from investment of tax-exempt bond proceeds$0$0$0
Royalties$0$0$0
Net rental income$72,235$73,622$74,368
Gross rents (Real / Personal)$72,235 / $0$73,622 / $0$74,368 / $0
Less: rental expenses (Real / Personal)$0 / $0$0 / $0$0 / $0
Rental income or (loss) (Real / Personal)$72,235 / $0$73,622 / $0$74,368 / $0
Net gain/loss from sales of assets other than inventory$9,410$21,400$16,433
Gross amount from sales of assets other than inventory (Securities / Other)$141,083 / $651$177,578 / $1,256$260,490 / $3,373
Less: cost or other basis and sales expenses (Securities / Other)$132,324 / $0$153,384 / $4,050$222,340 / $25,090
Gain or (loss) (Securities / Other)$8,759 / $651$24,194 / $-2,794$38,150 / $-21,717
Net income/loss from fundraising events$-9,353$2,564$2,997
Gross income from fundraising events$13,075$15,060$14,775
Less: direct expenses$22,428$12,496$11,778
Net income/loss from gaming activities$0$0$0
Net income/loss from sales of inventory$0$0$0
Miscellaneous Revenue$59,850$9,906$10,941
900099$9,906$8,941
900099$0$2,000
All other revenue$0$0
Statement of Functional Expenses
201120122013
Total functional expenses$9,650,135$10,547,434$11,514,882
Grants and other assistance to domestic organizations and domestic governments$69,525$68,296
Grants and other assistance to domestic individuals$4,000$0
Grants and other assistance to foreign organizations, foreign governments, and foreign individuals$0$0
Benefits paid to or for members$0$0
Compensation of current officers, directors, trustees, and key employees$1,184,118$1,235,209$1,586,861
Compensation not included above, to disqualified persons$0$0
Other salaries and wages$5,140,847$5,601,857$5,834,045
Pension plan accruals and contributions$101,262$186,795
Other employee benefits$960,527$1,037,876
Payroll taxes$416,636$447,686$523,604
Fees for services (non-employees)
Management$5,736$5,736
Legal$9,942$6,804
Accounting$23,975$30,605
Lobbying$0$0
Professional fundraising services$0$0$0
Investment management fees$7,535$8,008
Other$252,065$398,873
Advertising and promotion$0$43,557
Office expenses$522,311$486,535
Information technology$0$0
Royalties$0$0
Occupancy$525,940$603,244
Travel$7,971$17,900
Payments of travel or entertainment expenses for any federal, state, or local public officials$0$0
Conferences, conventions, and meetings$56,027$85,881
Interest$0$909
Payments to affiliates$0$0
Depreciation, depletion, and amortization$223,693$243,473
Insurance$9,772$16,609
Other expenses$37,486$162,526
Other expenses$94,194$66,266
Other expenses$114,911$61,404
Other expenses$198,859$29,611
Other expenses$36,951$9,464
Balance Sheet
201120122013
Total assets$12,859,194$13,693,959$15,211,974
Cash - non-interest-bearing$2,965,233$1,993,079
Savings and temporary cash investments$79,533$35,217
Pledges and grants receivable, net$8,024,463$10,224,205
Accounts receivable, net$251,210$537,499
Loans and other receivables from current and former officers, directors, trustees, key employees, and highest compensated employees$0$0
Loans and other receivables from other disqualified persons, persons described in section 4958(c)(3)(B), and contributing employers and sponsoring organizations of section 501(c)(9) voluntary employees' beneficiary organizations$0$0
Notes and loans receivable, net$0$0
Inventories for sale or use$0$0
Prepaid expenses and deferred charges$162,636$155,282
Land, buildings, and equipment: cost or other basis$1,437,095$1,415,139
Investments - publicly traded securities$558,945$809,891
Investments - other securities$0$0
Investments - program-related$0$0
Intangible assets$0$0
Other assets$214,844$41,662
Total liabilities$373,366$501,353$646,756
Accounts payable and accrued expenses$491,595$611,116
Grants payable$0$0
Deferred revenue$9,758$0
Tax-exempt bond liabilities$0$0$0
Escrow or custodial account liability$0$0
Loans and other payables to current and former officers, directors, trustees, key employees, highest compensated employees, and disqualified persons$0$0
Secured mortgages and notes payable to unrelated third parties$0$0$35,640
Unsecured notes and loans payable to unrelated third parties$0$0$0
Other liabilities (including federal income tax, payables to related third parties, and other liabilities)$0$0
Total net assets or fund balances$12,485,828$13,192,606$14,565,218
Unrestricted net assets$3,990,537$3,139,383
Temporarily restricted net assets$8,902,069$11,125,835
Permanently restricted net assets$300,000$300,000
Capital stock or trust principal, or current funds$0$0
Paid-in or capital surplus, or land, building, or equipment fund$0$0
Retained earnings, endowment, accumulated income, or other funds$0$0$0
Reason for Public Charity Status (for 2013)
The organization is not a private foundation because it is:An organization that normally receives: (1) more than 33 1/3 % of its support from contributions, membership fees, and gross receipts from activities related to its exempt functions - subject to certain exceptions, and (2) no more than 33 1/3 % of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975
Number of organizations supported0
Sum of amounts of support$0
Support Schedule for Organizations Described in Section 509(a)(2) (for 2009 - 2013)
2009 - 2013 Total
Public support$32,091,649
Subtotal$56,568,200
Gifts, grants, contributions, and membership fees received$43,548,943
Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose$13,019,257
Gross receipts from activities that are not an unrelated trade or business under section 513$0
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf$0
The value of services or facilities furnished by a governmental unit to the organization without charge$0
Less$24,476,551
Amounts received from disqualified persons$24,476,551
Amounts received from other than disqualified persons that exceed the greater of $5,000 or 1% of the total support$0
Total support$56,823,187
Public support$56,568,200
Subtotal$100,834
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$100,834
Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975$0
Net income from unrelated business activities, whether or not the business is regularly carried on$0
Other income$154,153
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Fort Wayne Medical Society Foundation Inc750 Broadway Ste 250, Fort Wayne, IN 46802-1412IN1965-02$13,208,877
2American Association Of Physicians Of India Orgin, A A P I600 Enterprise Dr Ste 108, Oak Brook, IL 60523-1978IL1984-11$2,763,913
3Chinese American Medical Society41 Elizabeth Street Suite 600, New York, NY 10013-4637NY1982-01$2,666,200
4Allegheny County Medical Society Foundation Wm Weisser Et Al Truste713 Ridge Ave, Pittsburgh, PA 15212-6002PA1963-08$1,900,605
5Association For Prevention Teaching And Research1001 Connecticut Ave Nw Ste 61, Washington, DC 20036-5504DC1983-12$1,284,916
6Association Of American Physicians And Surgeons Inc1601 N Tucson Blvd Ste 9, Tucson, AZ 85716-3405AZ1944-09$1,036,980
7Shock Society1660 S Columbian Way, Seattle, WA 98108-1532WA1979-03$1,021,506
8Central Florida Health Care Coalition Incorporated5703 Red Bug Lake Road 118, Winter Springs, FL 32708-4969FL1985-06$532,090
9Capital Medical Society Foundation Inc1204 Miccosukee Rd, Tallahassee, FL 32308-5008FL1982-04$486,014
10North Carolina Academy Of Family Physicians FoundationPO BOX 10278, Raleigh, NC 27605-0278NC1990-10$461,626
11Medical Society Of The County Of Westchester Inc333 Westchester Ave Ste Ln01, White Plains, NY 10604-2912NY1938-11$315,117
12Ohio Association For Health Physical Education & Recreation17 S High, Columbus, OH 43215-3413OH1970-11$214,524
13Auxiliary To The National Medical Association Inc1012 10th St Nw, Washington, DC 20001-4402DC1978-07$206,620
14Sinkler Miller Medical Association IncPO BOX 16216, Oakland, CA 94610-6216CA1994-04$108,405
15Winnebago County Medical Society Womans AllianceC/O Andrea Homann 6991 Redansa Dr, Rockford, IL 61108IL1954-08$73,339
16Royal Society Of Medicine Foundation Inc3970 Reservoir Rd Nw Research Bldg, Washington, DC 20007-2126DC1967-06$14,256
17Womens Medical Association Of New York City12 E 41st St, New York, NY 10017-6221NY1973-04$4,149
18Mississippi State Medical Assoc On Alliance Inc, West Mississippi Medical Alliance106 Bridgeview Circle, Ridgeland, MS 39157MS1987-02$0
19Mississippi State Medical Association Alliance Inc, Pike County Medical Alliance310 S Cherry Street, Magnolia, MS 39652MS1987-02$0
20Sarasota County Medical Society Alliance Foundation Inc2999 South Tamiami Trail, Sarasota, FL 34239FL1976-10$0
Number of organizations performing similar types of work
Arizona2
California2
District of Columbia3
Florida3
Illinois2
Indiana1
Massachusetts1
Maryland1
Michigan1
Mississippi3
North Carolina1
New Jersey1
Nevada1
New York5
Ohio2
Pennsylvania1
Texas1
Virginia1
Washington1
Total33

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