Massachusetts Medical Society, New England Journal Of Medicine in Waltham, Massachusetts (MA)

Massachusetts Medical Society, New England Journal Of Medicine
Employer Identification Number (EIN)	042050773
Name of Organization	Massachusetts Medical Society
Secondary Name	New England Journal Of Medicine
Address	860 Winter St, Waltham, MA 02451-1411
Activities	Professional association
Subsection	Board of Trade
Ruling Date	11/1994
Deductibility	Contributions are not deductible
Foundation	All organizations except 501(c)(3)
Organization	Association
Exempt Organization Status	Unconditional Exemption
Tax Period	05/2014
Assets	$50,000,000 to greater
Income	$50,000,000 to greater
Filing Requirement	990 (all other) or 990EZ return
Asset Amount	$276,383,405
Amount of Income	$225,549,049
Form 990 Revenue Amount	$122,636,568
National Taxonomy of Exempt Entities (NTEE)	Health - General and Rehabilitative: Professional Societies, Associations

Non-representatives - add comments:

Amount of income in 2014: $225,549,049

This organization:	$225,549,049
Other organizations performing similar types of work:	$2,087,792

Assets in 2014: $276,383,405

Massachusetts Medical Society, New England Journal Of Medicine:	$276,383,405
Other organizations performing similar types of work:	$3,112,468

Expenses in 2013: $106,368,773

Massachusetts Medical Society, New England Journal Of Medicine:	$106,368,773
Other organizations performing similar types of work:	$1,846,504

Income to expenses ratio in 2013: 2.1

This organization:	2.1
Other organizations performing similar types of work:	1.1

Number of employees in 2013: 432

Massachusetts Medical Society, New England Journal Of Medicine:	432
Other organizations performing similar types of work:	14

Employees paid over $100,000 in 2013: 23.4%

Massachusetts Medical Society, New England Journal Of Medicine:	23.4%
Other organizations performing similar types of work:	0.0%

Grants share in income in 2013: 0.0%

This organization:	0.0%
Other organizations performing similar types of work:	2.6%

Financial snapshot ($)

Revenue for 2013

Assets at the end of 2013

Functional expenses for 2013

	2012	2013
Checklist
Is the organization described in section 501(c)(3) or 4947(a)(1) (other than a private foundation)?	No	No
Is the organization required to complete Schedule B, Schedule of Contributors?	No	No
Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition to candidates for public office?	No	No
Did the organization engage in lobbying activities, or have a section 501(h) election in effect during the tax year?	No	No
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?	Yes	Yes
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?	No	No
Did the organization receive or hold a conservation easement, including easements to preserve open space, the environment, historic land areas, or historic structures?	No	No
Did the organization maintain collections of works of art, historical treasures, or other similar assets?	No	No
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?	No	No
Did the organization, directly or through a related organization, hold assets in temporarily restricted endowments, permanent endowments, or quasi-endowments?	Yes	Yes
Did the organization report an amount for land, buildings, and equipment?	Yes	Yes
Did the organization report an amount for investments-other securities that is 5% or more of its total assets?	No	No
Did the organization report an amount for investments-program related that is 5% or more of its total assets?	No	No
Did the organization report an amount for other assets that is 5% or more of its total assets?	No	No
Did the organization report an amount for other liabilities?	Yes	Yes
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)?	Yes	No
Did the organization obtain separate, independent audited financial statements for the tax year?	No	No
Was the organization included in consolidated, independent audited financial statements for the tax year?	Yes	Yes
Is the organization a school described in section 170(b)(1)(A)(ii)?	No	No
Did the organization maintain an office, employees, or agents outside of the United States?	No	No
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?	Yes	Yes
Did the organization report more than $5,000 of grants or other assistance to or for any foreign organization?	No	No
Did the organization report more than $5,000 of aggregate grants or other assistance to or for foreign individuals?	No	No
Did the organization report a total of more than $15,000 of expenses for professional fundraising services?	No	No
Did the organization report more than $15,000 total of fundraising event gross income and contributions?	No	No
Did the organization report more than $15,000 of gross income from gaming activities?	No	No
Did the organization operate one or more hospital facilities?	No	No
Did the organization attach a copy of its audited financial statements?	No	No
Did the organization report more than $5,000 of grants or other assistance to any domestic organization or domestic government?	Yes	Yes
Did the organization report more than $5,000 of grants or other assistance to or for domestic individuals?	Yes	Yes
Did the organization answer 'Yes' about compensation of the organization's current and former officers, directors, trustees, key employees, and highest compensated employees?	Yes	Yes
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?	No	No
Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception?	No	No
Did the organization maintain an escrow account other than a refunding escrow at any time during the year to defease any tax-exempt bonds?	No	No
Did the organization act as an 'on behalf of' issuer for bonds outstanding at any time during the year?	No	No
Did the organization engage in an excess benefit transaction with a disqualified person during the year?	No	No
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?	No	No
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?	No	No
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?	No	No
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?	No	No
A family member of a current or former officer, director, trustee, or key employee?	Yes	Yes
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?	Yes	Yes
Did the organization receive more than $25,000 in non-cash contributions?	No	No
Did the organization receive contributions of art, historical treasures, or other similar assets, or qualified conservation contributions?	No	No
Did the organization liquidate, terminate, or dissolve and cease operations?	No	No
Did the organization sell, exchange, dispose of, or transfer more than 25% of its net assets?	No	No
Did the organization own 100% of an entity disregarded as separate from the organization under Regulations sections 301.7701-2 and 301.7701-3?	Yes	Yes
Was the organization related to any tax-exempt or taxable entity?	Yes	Yes
Did the organization have a controlled entity within the meaning of section 512(b)(13)?	Yes	Yes
Did the organization make any transfers to an exempt non-charitable related organization?	No	No
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?	No	No

	2011	2012	2013
Statements Regarding Other IRS Filings and Tax Compliance
The number reported in Box 3 of Form 1096		323	323
The number of Forms W-2G		0	0
Did the organization comply with backup withholding rules for reportable payments to vendors and reportable gaming (gambling) winnings to prize winners?		Yes	Yes
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 return		422	432
Did the organization file all required federal employment tax returns?		Yes	Yes
Did the organization have unrelated business gross income of $1,000 or more during the year?	Yes	Yes	Yes
Has it filed a Form 990-T for this year?		Yes	Yes
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)?		Yes	Yes
Was the organization a party to a prohibited tax shelter transaction at any time during the tax year?		No	No
Did any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction?		No	No
Did the organization file Form 8886-T?		No	No
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?		Yes	Yes
Did the organization include with every solicitation an express statement that such contributions or gifts were not tax deductible?		Yes	Yes
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?		No	No
Did the organization notify the donor of the value of the goods or services provided?		No	No
Did the organization sell, exchange, or otherwise dispose of tangible personal property for which it was required to file Form 8282?		No	No
Did the organization receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?		No	No
Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract?		No	No
If the organization received a contribution of qualified intellectual property, did the organization file Form 8899 as required?		No	No
If the organization received a contribution of cars, boats, airplanes, or other vehicles, did the organization file a Form 1098-C?		No	No
Did a donor advised fund maintained by the sponsoring organization have excess business holdings at any time during the year?		No	No
Did the sponsoring organization make any taxable distributions under section 4966?		No	No
Did the sponsoring organization make a distribution to a donor, donor advisor, or related person?		No	No
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?		No	No
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?		No	No
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?		No	No
Has it filed a Form 720 to report these payments?		No	No

	2012	2013
Compensation of Officers, Directors, Trustees, Key Employees, Highest Compensated Employees, and Independent Contractors
Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees
Total reportable compensation from the organization	$3,543,175	$3,746,938
Total reportable compensation from related organizations	$0	$0
Total estimated amount of other compensation from the organization and related organizations	$563,862	$615,090
Total number of individuals who received more than $100,000 of reportable compensation from the organization	83	91
Total number of independent contractors who received more than $100,000 of compensation from the organization	8	10

	2011	2012	2013
Statement of Revenue
Total revenue	$118,945,296	$118,538,366	$118,549,282
Contributions, Gifts, Grants and Other Similar Amounts	$0	$0	$0
Program Service Revenue	$76,929,587	$84,747,165	$86,674,385
Periodical Publishers		$79,545,892	$81,449,022
Educational Support Services		$3,704,198	$3,701,509
900099		$1,497,075	$1,523,854
All other program service revenue		$0	$0
Other Revenue
Investment income (including dividends, interest, and other similar amounts)	$3,911,536	$4,085,645	$4,572,153
Income from investment of tax-exempt bond proceeds	$0	$0	$0
Royalties	$1,762,058	$2,179,011	$2,598,819
Net rental income	$874,280	$874,280	$874,280
Gross rents (Real / Personal)	$874,280 / $0	$874,280 / $0	$874,280 / $0
Less: rental expenses (Real / Personal)	$0 / $0	$0 / $0	$0 / $0
Rental income or (loss) (Real / Personal)	$874,280 / $0	$874,280 / $0	$874,280 / $0
Net gain/loss from sales of assets other than inventory	$9,298,608	$4,857,032	$5,700,768
Gross amount from sales of assets other than inventory (Securities / Other)	$92,977,791 / $1,491	$80,806,546 / $0	$98,540,946 / $1,000
Less: cost or other basis and sales expenses (Securities / Other)	$83,680,674 / $0	$75,949,514 / $0	$92,834,457 / $6,721
Gain or (loss) (Securities / Other)	$9,297,117 / $1,491	$4,857,032 / $0	$5,706,489 / $-5,721
Net income/loss from fundraising events	$0	$0	$0
Net income/loss from gaming activities	$0	$0	$0
Net income/loss from sales of inventory	$0	$0	$0
Miscellaneous Revenue	$26,169,227	$21,795,233	$18,128,877
541800		$19,343,832	$15,322,726
900099		$2,007,851	$2,105,786
900099		$182,344	$196,000
All other revenue		$261,206	$504,365

	2011	2012	2013
Statement of Functional Expenses
Total functional expenses	$99,323,562	$106,943,460	$106,368,773
Grants and other assistance to domestic organizations and domestic governments		$1,096,978	$1,019,139
Grants and other assistance to domestic individuals		$85,000	$172,070
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	$2,561,174	$2,819,233	$2,997,306
Compensation not included above, to disqualified persons		$0	$0
Other salaries and wages	$31,009,961	$32,225,371	$32,838,817
Pension plan accruals and contributions		$4,939,616	$7,176,782
Other employee benefits		$7,188,754	$6,869,767
Payroll taxes	$2,420,292	$2,620,572	$2,533,228
Fees for services (non-employees)
Management		$0	$0
Legal		$107,617	$82,643
Accounting		$220,000	$61,333
Lobbying		$97,000	$91,830
Professional fundraising services	$0	$0	$0
Investment management fees		$902,778	$951,927
Other		$8,706,218	$11,074,980
Advertising and promotion		$19,605	$2,392,656
Office expenses		$2,366,192	$7,592,445
Information technology		$2,064,605	$2,260,744
Royalties		$0	$0
Occupancy		$7,273,693	$7,343,658
Travel		$1,524,700	$1,490,541
Payments of travel or entertainment expenses for any federal, state, or local public officials		$0	$0
Conferences, conventions, and meetings		$1,305,538	$1,277,236
Interest		$0	$0
Payments to affiliates		$0	$0
Depreciation, depletion, and amortization		$3,872,200	$3,856,588
Insurance		$492,061	$538,894
Other expenses		$14,195,698	$8,468,926
Other expenses		$6,822,163	$3,409,797
Other expenses		$2,618,893	$1,341,401
Other expenses		$1,319,508	$53,535
Other expenses		$2,059,467	$472,530

	2011	2012	2013
Balance Sheet
Total assets	$255,147,372	$248,779,761	$261,578,811
Cash - non-interest-bearing		$3,177,757	$5,553,494
Savings and temporary cash investments		$7,300,111	$1,265,514
Pledges and grants receivable, net		$0	$0
Accounts receivable, net		$9,560,468	$10,518,023
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		$5,369,000	$5,168,000
Inventories for sale or use		$559,332	$526,649
Prepaid expenses and deferred charges		$2,791,059	$3,598,873
Land, buildings, and equipment: cost or other basis		$52,118,898	$53,120,749
Investments - publicly traded securities		$166,182,737	$180,083,230
Investments - other securities		$25,000	$25,000
Investments - program-related		$0	$0
Intangible assets		$0	$0
Other assets		$1,695,399	$1,719,279
Total liabilities	$116,579,592	$130,761,313	$107,415,098
Accounts payable and accrued expenses		$9,278,094	$7,581,777
Grants payable		$0	$0
Deferred revenue		$35,755,417	$34,872,053
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	$36,925,778	$33,758,790	$45,343,993
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)		$51,969,012	$19,617,275
Total net assets or fund balances	$138,567,780	$118,018,448	$154,163,713
Unrestricted net assets		$118,018,448	$154,163,713
Temporarily restricted net assets		$0	$0
Permanently restricted net assets		$0	$0
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:	Not provided
Number of organizations supported	0
Sum of amounts of support	$0

	2000	2001	2002	2003	2004	2005	2006	2007
Revenue, Expenses, and Changes in Net Assets or Fund Balances
Total revenue	$87,129,083	$80,324,427	$78,323,070	$90,560,353	$99,298,713	$106,645,793	$111,168,988	$114,882,215
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	$78,929,163	$76,596,522	$78,634,370	$82,037,124	$88,954,350	$97,219,080	$100,265,982	$100,710,320
Membership dues and assessments	$1,446,673	$1,454,882	$1,522,538	$1,643,382	$1,742,608	$1,670,743	$1,722,806	$1,613,620
Interest on savings and temporary cash investments	$91,857	$27,820	$56,621	$36,023	$50,906	$102,071	$271,376	$195,968
Dividends and interest from securities	$2,742,792	$2,708,515	$2,524,155	$2,004,168	$2,435,461	$2,784,081	$3,640,361	$3,986,910
Net rental income or (loss)	$0	$0	$294,358	$933,284	$1,109,761	$1,628,861	$941,411	$941,412
Gross rents	$0	$0	$294,358	$933,284	$1,109,761	$1,628,861	$941,411	$941,412
Less: rental expenses	$0	$0	$0	$0	$0	$0	$0	$0
Other investment income	$0	$0	$0	$0	$0	$0	$0	$0
Gain or (loss) from sales of assets other than inventory	$3,217,881	$-1,336,141	$-5,225,494	$3,236,301	$4,179,890	$1,879,307	$2,731,479	$5,620,786
Gross amount from sales of assets other than inventory	$71,725,614	$61,373,641	$24,847,727	$42,772,136	$101,523,676	$73,504,228	$98,970,682	$108,119,209
Less: cost or other basis and sales expenses	$68,507,733	$62,709,782	$30,073,221	$39,535,835	$97,343,786	$71,624,921	$96,239,203	$102,498,423
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	$700,717	$872,829	$516,522	$670,071	$825,737	$1,361,650	$1,595,573	$1,813,199
Total expenses	$88,365,103	$79,970,751	$82,088,443	$85,742,153	$88,413,657	$95,780,981	$101,143,677	$103,540,018
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	$93,762,605	$88,958,370	$73,679,388	$87,772,810	$91,979,186	$121,162,587	$149,089,052	$152,246,841
Excess or (deficit) for the year	$-1,236,020	$353,676	$-3,765,373	$4,818,200	$10,885,056	$10,864,812	$10,025,311	$11,342,197
Net assets or fund balances at beginning of year	$101,704,568	$93,762,605	$88,958,370	$73,679,388	$87,772,810	$91,979,186	$121,162,587	$149,089,052
Other changes in net assets or fund balances	$-6,705,943	$-5,157,911	$-11,513,609	$9,275,222	$-6,678,680	$18,318,589	$17,901,154	$-8,184,408

	Total	Program services	Management and general	Fundraising
Statement of Functional Expenses (for 2007)
Total functional expenses	$103,540,018	$0	$0	$0
Grants paid from donor advised funds		$0
Other grants and allocations		$988,231
Specific assistance to individuals		$0
Benefits paid to or for members		$0
Compensation of current officers, directors, key employees, etc.	$1,245,192	$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	$13,257,963	$0	$0	$0
Pension plan contributions not included above	$1,219,804	$0	$0	$0
Employee benefits not included above	$2,543,438	$0	$0	$0
Payroll taxes	$1,082,754	$0	$0	$0
Professional fundraising fees	$0	$0	$0	$0
Accounting fees	$215,590	$0	$0	$0
Legal fees	$283,995	$0	$0	$0
Supplies	$290,332	$0	$0	$0
Telephone	$453,804	$0	$0	$0
Postage and shipping	$329,700	$0	$0	$0
Occupancy	$3,622,720	$0	$0	$0
Equipment rental and maintenance	$970,803	$0	$0	$0
Printing and publications	$281,228	$0	$0	$0
Travel	$826,657	$0	$0	$0
Conferences, conventions, and meetings	$3,113,407	$0	$0	$0
Interest	$0	$0	$0	$0
Depreciation, depletion, etc.	$2,817,106	$0	$0	$0
Other expenses not covered above	$69,997,294	$0	$0	$0

	2000	2001	2002	2003	2004	2005	2006	2007
Balance Sheets
Total assets	$193,614,789	$189,401,372	$183,665,584	$193,131,196	$202,269,553	$213,474,701	$240,282,954	$243,546,767
Cash - non-interest-bearing	$0	$0	$747,927	$81,159	$1,716,223	$207,378	$652,282	$984,584
Savings and temporary cash investments	$11,771,746	$11,151,704	$6,893,637	$13,709,881	$17,948,820	$13,325,250	$19,732,652	$14,415,179
Accounts receivable less allowance for doubtful accounts	$7,858,460	$8,975,452	$5,836,966	$8,460,790	$8,330,946	$8,864,162	$9,785,827	$10,059,013
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	$4,947,507	$5,265,560	$5,354,000	$5,497,500	$5,644,000	$5,738,500	$5,775,500	$5,886,000
Inventories for sale or use	$834,286	$734,113	$698,969	$833,771	$811,421	$1,235,677	$998,156	$909,287
Prepaid expenses and deferred charges	$3,933,619	$3,019,210	$3,769,142	$3,542,564	$2,559,255	$2,837,357	$6,070,322	$3,636,108
Investments - publicly-traded securities							$142,461,701	$149,988,010
Investments - other securities	$98,591,044	$97,853,566	$100,100,368	$101,327,315	$106,673,976	$123,369,424	$0	$0
Investments - land, buildings, and equipment less accumulated depreciation	$0	$0	$0	$0	$0	$0	$0	$0
Investments - other	$25,000	$25,000	$25,000	$25,000	$25,000	$25,000	$25,000	$25,000
Land, buildings, and equipment less accumulated depreciation	$65,653,127	$61,626,074	$60,239,575	$59,653,216	$58,559,912	$56,482,395	$53,317,054	$55,309,611
Other assets, including program-related investments	$0	$750,693	$0	$0	$0	$1,389,558	$1,464,460	$2,333,975
Total liabilities	$99,852,184	$100,443,002	$109,986,196	$105,358,386	$110,290,367	$92,312,114	$91,193,902	$91,299,926
Accounts payable and accrued expenses	$8,432,637	$7,172,333	$7,717,759	$7,873,296	$10,297,299	$8,767,377	$9,707,584	$9,300,322
Grants payable	$0	$0	$0	$0	$0	$0	$0	$0
Deferred revenue	$31,344,960	$35,062,267	$34,559,720	$34,530,317	$34,780,325	$34,221,919	$34,431,571	$35,032,145
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	$59,555,861	$57,962,887	$56,249,952	$54,184,754	$51,796,013	$49,322,818	$46,759,720	$45,690,526
Other liabilities	$518,726	$245,515	$11,458,765	$8,770,019	$13,416,730	$0	$295,027	$1,276,933
Total liabilities and net assets/fund balances	$193,614,789	$189,401,372	$183,665,584	$193,131,196	$202,269,553	$213,474,701	$240,282,954	$243,546,767
Total net assets or fund balances	$93,762,605	$88,958,370	$73,679,388	$87,772,810	$91,979,186	$121,162,587	$149,089,052	$152,246,841

	2000	2001	2002	2003	2004	2005	2006	2007
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
Total revenue	$87,129,083	$80,324,427	$78,323,070	$90,560,353	$99,298,713	$106,645,793	$111,168,988	$114,882,215
Total revenue, gains, and other support per audited financial statements	$86,826,309	$80,158,834	$78,187,150	$98,235,126	$99,226,284	$124,964,382	$129,168,451	$114,882,215
Other expenses	$-302,774	$0	$0	$7,674,773	$0	$18,318,589	$17,999,463	$0
Net unrealized gains on investments	$0	$0	$0	$4,823,911	$0	$5,055,716	$14,754,665	$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	$-302,774	$0	$0	$2,850,862	$0	$13,262,873	$3,244,798	$0
Other revenue	$0	$165,593	$135,920	$0	$72,429	$0	$0	$0
Investment expenses	$0	$0	$0	$0	$0	$0	$0	$0
Other	$0	$165,593	$135,920	$0	$72,429	$0	$0	$0

	2000	2001	2002	2003	2004	2005	2006	2007
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
Total expenses	$88,365,103	$79,970,751	$82,088,443	$85,742,153	$88,413,657	$95,780,981	$101,143,677	$103,540,018
Total expenses and losses per audited financial statements	$88,062,329	$79,805,158	$81,952,523	$85,790,730	$88,325,752	$95,780,981	$101,241,986	$111,724,426
Other revenue	$0	$0	$0	$48,577	$-15,476	$0	$98,309	$8,184,408
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	$48,577	$-15,476	$0	$98,309	$8,184,408
Other	$0	$0	$0	$0	$0	$0	$0	$0
Other expenses	$302,774	$165,593	$135,920	$0	$72,429	$0	$0	$0
Investment expenses	$0	$0	$0	$0	$0	$0	$0	$0
Other	$302,774	$165,593	$135,920	$0	$72,429	$0	$0	$0

Average hours per week devoted to position	Compensation	Contributions to employee benefit plans & deferred compensation plans	Expense account and other allowances
Current Officers, Directors, Trustees, and Key Employees
20	$175,000	$0	$0
12	$75,000	$0	$0
12	$50,000	$0	$0
12	$25,000	$0	$0
4	$12,500	$0	$0
3	$25,000	$0	$0
3	$12,500	$0	$0
50	$439,928	$126,040	$0
50	$236,474	$67,750	$0

Total number of officers, directors, and trustees permitted to vote on organization business at board meetings	30
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?	Yes
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?	No
Dues, assessments, and similar amounts from members	$2,442,303
Section 162(e) lobbying and political expenditures	$631,484
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices	$610,576
Taxable amount of lobbying and political expenditures	$20,908
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?	Yes
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)?	Yes
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, 2006	426

	Unrelated business income		Excluded by section 512, 513, or 514		Related or exempt function income
Analysis of Income-Producing Activities (for 2007)
	Business code	Amount	Exclusion code	Amount	Related or exempt function income
Total		$23,455,923		$11,233,746	$80,192,546
Program service revenue
Program service revenue 1	000000	$0	00	$0	$75,702,585
Program service revenue 2	Advertising and related services	$21,423,277	00	$0	$0
Program service revenue 3	000000	$0	00	$0	$2,876,341
Program service revenue 4	000000	$0	Royalty income excluded by section 512(b)(2)	$645,126	$0
Program service revenue 5	Printing and related support activities	$62,991	00	$0	$0
Medicare/Medicaid payments	000000	$0	00	$0	$0
Fees and contracts from government agencies	000000	$0	00	$0	$0
Membership dues and assessments	000000	$0	00	$0	$1,613,620
Interest on savings and temporary cash investments	000000	$0	Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)	$195,968	$0
Dividends and interest from securities	000000	$0	Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)	$3,986,910	$0
Net rental income or (loss) from real estate
debt-financed property	Rental and leasing services	$156,456	00	$0	$0
not debt-financed property	000000	$0	Real property rental income that does not depend on the income or profits derived by the person leasing the property and is excluded by section 512(b)(3)	$784,956	$0
Net rental income or (loss) from personal property	000000	$0	00	$0	$0
Other investment income	000000	$0	00	$0	$0
Gain or (loss) from sales of assets other than inventory	000000	$0	Gain (or loss, to the extent allowed) from the sale of investments and other non-inventory property and from certain property acquired from financial institutions that are in conservatorship or receivership (sections 512(b)(5) and 512(b)(16)(A))	$5,620,786	$0
Net income or (loss) from special events	000000	$0	00	$0	$0
Gross profit or (loss) from sales of inventory	000000	$0	00	$0	$0
Other revenue	Administrative and support services	$1,813,199	00	$0	$0

EIN of corporation, partnership, or disregarded entity	Percentage of ownership interest	Total income	End-of-year assets
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2007)
043135954	100%	$2,006,443	$1,904,026
000000000	0%	$0	$0
000000000	0%	$0	$0
000000000	0%	$0	$0

Compensation	Contributions to employee benefit plans & deferred compensation	Expense account and other allowances
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2007)
$0	$0	$0
$0	$0	$0
$0	$0	$0
$0	$0	$0
$0	$0	$0

Total number of other employees paid over $50,000	0

Total number of other employees paid over $50,000

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

	1999	2000	2001	2002	2003	2004	2005	2006
Support Schedule
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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Id	Name	Address	State	Established	Total Income
Organizations performing similar types of work
1	Cleveland Clinic Foundation, Group Return	9500 Euclid Avenue No Jj19, Cleveland, OH 44195-0001	OH	1928-10	$8,860,672,869
2	Ascension Health-Is Inc	4600 Edmundson Rd, Saint Louis, MO 63134-3806	MO	1946-03	$629,285,912
3	American Medical Association	330 N Wabash Ave Ste 39300, Chicago, IL 60611-5885	IL	1946-03	$500,926,692
4	Florida Clinical Practice Association Inc	PO BOX 100205, Gainesville, FL 32610-0205	FL	1981-10	$456,238,005
5	Massachusetts Medical Society, New England Journal Of Medicine	860 Winter St, Waltham, MA 02451-1411	MA	1994-11	$225,549,049
6	St Lukes Physician Group Inc	801 Ostrum Street, Bethlehem, PA 18015-1000	PA		$178,237,760
7	National Board Of Medical Examiners	3750 Market St, Philadelphia, PA 19104-3102	PA	1937-09	$152,928,860
8	The Physician Network	8055 O Street, Lincoln, NE 68510-2564	NE	1996-01	$144,271,007
9	National Council Of State Boards Of Nursing Inc, Ncsbn Penn Charter	111 E Wacker Dr Ste 2900, Chicago, IL 60601-4277	IL	1987-06	$128,414,839
10	American College Of Physicians Inc, Acp	190 Nindependence Mall West, Philadelphia, PA 19106	PA	1977-12	$121,710,559
11	American Health Information Management Association	233 N Michigan Ave Ste 2150, Chicago, IL 60601-5806	IL	1945-03	$78,923,828
12	American Association Of Critical Care Nurses	101 Columbia, Aliso Viejo, CA 92656-1455	CA	1973-05	$69,176,321
13	American Health Care Association And Subsidiary	1201 L St Nw, Washington, DC 20005-4024	DC	1957-11	$35,821,454
14	American College Of Emergency Physicians, New Mexico Chapter American College Emergency Physicians	7770 Jefferson St Ne Suite 420, Albuquerque, NM 87109	NM	1971-11	$35,632,929
15	Medical Academic And Scientific Community Organization Inc	375 Longwood Ave, Boston, MA 02215-5395	MA	1993-10	$30,646,982
16	Massachusetts Hospital Association Inc	5 New England Exec Park, Burlington, MA 01803	MA	1943-01	$11,253,295
17	Massachusetts Medical Society	10 Riverside Drive, Lakeville, MA 02347	MA	1994-11	$37,229
18	Southeast Region Of The National Rehabilitation Association	101 Pinnacle Court, Frankfort, KY 40601-2694	KY	1991-09	$54,335
19	International Federation Of Health Information Management Association	233 N Michigan Ave 21st Fl, Chicago, IL 60601	IL	2014-07	$0
20	The Association Of Medical Service Corps Officers Of The Navy	3005 Circle Dr, Bloomsburg, PA 17815-8913	PA	1999-03	$0

Number of organizations performing similar types of work

Alabama	4
Arkansas	1
Arizona	3
California	16
Colorado	3
Connecticut	2
District of Columbia	4
Florida	5
Georgia	3
Idaho	1
Illinois	17
Indiana	4
Kansas	4
Kentucky	2
Louisiana	4
Massachusetts	4
Maryland	8
Maine	2
Michigan	2
Minnesota	3

Missouri	6
North Carolina	4
Nebraska	2
New Jersey	2
New Mexico	2
Nevada	1
New York	5
Ohio	9
Oklahoma	1
Oregon	2
Pennsylvania	13
South Carolina	1
Tennessee	2
Texas	8
Virginia	7
Washington	2
Wisconsin	1
Wyoming	1
International	2

Total

163

Affiliation	Name	Address	State	Established	Total Income
All affiliated organizations
Central	Massachusetts Medical Society, New England Journal Of Medicine	860 Winter St, Waltham, MA 02451-1411	MA	1994-11	$225,549,049
Subordinate	Massachusetts Medical Society	10 Riverside Drive, Lakeville, MA 02347	MA	1994-11	$37,229
Subordinate	Massachusetts Medical Society, Suffolk District	860 Winter St, Waltham, MA 02451-1449	MA	1994-11	$119,209
Subordinate	Massachusetts Medical Society, Charles River District	860 Winter St, Waltham, MA 02451-1423	MA	1970-10	$78,457
Subordinate	Massachusetts Medical Society, Essex South District Medical Society	860 Winter Street, Waltham, MA 02451	MA	1994-11	$65,563
Subordinate	Massachusetts Medical Society	860 Winter Street, Waltham, MA 02451	MA	1994-11	$0
Subordinate	Massachusetts Medical Society	10 Riverside Drive, Lakeville, MA 02347	MA	1994-11	$0
Subordinate	Massachusetts Medical Society, Barnstable District Medical Society	10 Riverside Drive, Lakeville, MA 02347	MA	1994-11	$0
Subordinate	Massachusetts Medical Society, Bristol North District Medical Society	10 Riverside Drive, Lakeville, MA 02347	MA	1994-11	$0
Subordinate	Massachusetts Medical Society, Bristol South District Medical Society	10 Riverside Drive, Lakeville, MA 02347	MA	1994-11	$0
Subordinate	Massachusetts Medical Society, Essex North District Medical Society	860 Winter Street, Waltham, MA 02451	MA	1994-11	$0
Subordinate	Massachusetts Medical Society, Franklin District Medical Society	85 Post Office Park Suite 8518, Wilbraham, MA 01095	MA	1994-11	$0
Subordinate	Massachusetts Medical Society	85 Post Office Park Suite 8518, Wilbraham, MA 01095	MA	1994-11	$0
Subordinate	Massachusetts Medical Society	860 Winter Street, Waltham, MA 02451	MA	1994-11	$0
Subordinate	Massachusetts Medical Society, Middlesex Central District Medical Society	Cuming Bldg Old Rd To Nine Acre Cor, Concord, MA 01742	MA	1970-07	$0
Subordinate	Massachusetts Medical Society, Worcester North District Medical Society	85 Post Office Park Suite 8518, Wilbraham, MA 01095	MA	1994-11	$0

Number of affiliated organizations

Massachusetts