2025-04-10T12:28:07-05:00 2024-05-31 222978848 BEDERSON LLP 100 PASSAIC AVENUE - SUITE 310 FAIRFIELD NJ 07004 990 2023-06-01 210601684 MEDICAL SOCIETY OF NEW JERSEY MEDI 6098961766 PO BOX 8909 TRENTON NJ 08650 LAWRENCE DOWNS EXECUTIVE DIRECTOR 6098961766 2025-04-10 0 MICHAEL CARO JR P01418714 9737363333 2023 2025-03-06 01:10:19Z X LAWRENCE DOWNS PO BOX 8909 TRENTON NJ 08650 2118882 0 X WWW.MSNJ.ORG X 1766 NJ THE SOCIETY IS A MEMBERSHIP ORGANIZATION OF PHYSICIANS THAT ADMINISTERS MEMBER SERVICES AND ORGANIZES CONFERENCES AND SEMINARS FOR THE BENEFIT OF THE MEMBERS. 17 16 12 0 0 2200 217008 273053 997975 987621 -286152 182663 184125 181779 1112956 1625116 0 0 0 0 841627 795580 0 0 0 939829 821887 1781456 1617467 -668500 7649 857124 557734 3671563 3271838 -2814439 -2714104 X THE SOCIETY IS A MEMBERSHIP ORGANIZATION OF PHYSICIANS THAT ADMINISTERS MEMBER SERVICES AND ORGANIZES CONFERENCES AND SEMINARS FOR THE BENEFIT OF MEMBERS. TO PROMOTE THE BETTERMENT OF THE PUBLIC HEALTH AND THE SCIENCE AND THE ART OF MEDICINE, TO ENLIGHTEN PUBLIC OPINION IN REGARD TO THE PROBLEMS OF MEDICINE AND TO SAFEGUARD THE RIGHTS OF THE PRACTICE OF MEDICINE. 0 0 MSNJ ADVOCATED FOR PRIOR AUTHORIZATION REFORMS AND SUCCESSFULLY MOVED LEGISLATION THROUGH THE LEGISLATURE THAT STREAMLINES THE PRIOR AUTHORIZATION PROCESS AND SHORTENS TIMEFRAMES FOR DECISIONS BY INSURERS FROM 15 DAYS TO 48 HOURS IN MOST CASES. THE LAW ALSO PROVIDES TRANSPARENCY INTO THE PRIOR AUTHORIZATION PROGRAMS USED BY HEALTH INSURERS. MSNJ IS WORKING WITH THE LORNA BREEN HEROES FOUNDATION TO CHANGE HOW MEDICAL LICENSING AND PRIVILEGING QUESTIONS ARE PHRASED TO CREATE ACCESS TO MENTAL HEALTH TREATMENT FOR LICENSED HEALTH PROFESSIONALS. BY DE-STIGMATIZING INSTITUTIONAL APPLICATIONS, MSNJ IS SEEKING TO REMOVE EXISTING BARRIERS TO MENTAL HEALTH CARE ACCESS FOR ITS MEMBERS. MSNJ PROVIDES HEALTH INFORMATION EXCHANGE SERVICES FOR PHYSICIANS AND MEDICAL PRACTICES TO SHARE INFORMATION ON COMMON PATIENTS. MSNJ ALSO PROVIDES ENCOUNTER NOTIFICATIONS TO PRACTICES TO ALERT THEM WHEN A PATIENT HAS BEEN ADMITTED OR DISCHARGED FROM AN ACUTE FACILITY. 0 0 0 1 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 12 0 1 12 1 1 1 0 0 0 0 0 0 0 X 17 16 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 0 0 1 0 0 X X TAXPAYER 6098961766 PO BOX 8909 TRENTON NJ 08650 STEVEN ORLAND MD IMMEDIATE PAST PRESIDENT 1.00 X X 0 0 0 DONALD M CHERVENAK MD PRESIDENT 5.00 X X 40000 0 0 DAVID SWEE MD PRESIDENT - ELECT 1.00 X X 0 0 0 PETER BLUMENTAL MD 1ST VICE-PRESIDENT 1.00 X X 0 0 0 SUMUL RAVAL MD TREASURER 1.00 X X 0 0 0 NICOLE HENRY-DINDIAL MD 2ND VICE-PRESIDENT 1.00 X X 0 0 0 JAY BOWEN DO SECRETARY 0.00 X X 0 0 0 CHRISTOPHER GRIBBIN MD SPEAKER, HOUSE OF DELEGATE 0.00 X X 0 0 0 ROBYN AGRI MD MEMBER 0.00 X 0 0 0 CATHERINE MAZZOLA MD MEMBER 0.00 X 0 0 0 JOHN KULIN DO MEMBER 0.00 X 0 0 0 NAVEEN MEHROTRA MD MEMBER 0.00 X 0 0 0 JAMIL MOHSIN MD MEMBER, LARGE GROUP 0.00 X 0 0 0 MYRIAM MONDESTIN-SORRENTINO MD MEMBER 0.00 X 0 0 0 TINA ZECCA DO MEMBER 0.00 X 0 0 0 LAWRENCE DOWNS ESQ CEO 40.00 X 210196 0 8408 JOSHUA BENGAL MANAGER, GOVERNMENT RELATI 40.00 X 143200 0 5728 393396 0 14136 2 0 1 0 0 273053 273053 MEMBERSHIP DUES AND AS 900099 895762 895762 ANNUAL MEETING 900099 59775 59775 32084 32084 987621 21751 21751 19271 19271 635407 493766 141641 141641 141641 CONTINUOUS MEDICAL EDU 900099 135559 135559 MANAGEMENT FEES 900099 44970 44970 CLAIMS REVENUE SERVICE 900099 1000 1000 250 250 181779 1625116 1311041 0 41022 393396 333401 13822 54961 3456 24500 140717 29316 106765 7901 224084 5896 3656 112636 LICENSES AND FEES 65465 MEMBERSHIP SERVICES 50348 PROGRAM EXPENSES 35000 REPAIRS AND MAINTENANCE 9198 2949 1617467 3089 22275 18580 140759 233830 286872 36461 27332 811943 801500 14099 10443 551065 70053 857124 557734 512471 566505 631951 660432 2527141 2044901 3671563 3271838 X -2814439 -2714104 -2814439 -2714104 857124 557734 X 7649 92686 X X 0 1 X 1 0 0 0 0 1020833 64507 64507 132708 -68201 811943 801500 10443 10443 PENSION LIABILITY 676387 RENT ESCALATION 115698 DUE TO THE MEDICAL SOCIETY OF NJ INSURANCE AGENCY, LLC 800076 LINE OF CREDIT 462 SBA LOAN 150000 LOAN PAYABLE - THE INSTITUTE OF MEDICINE AND PUBLIC HEALTH OF NJ 203500 UNRELATED BUSINESS INCOME TAX LIABILITY 98778 2044901 X 1491975 8500 8500 1483475 141641 141641 1625116 1617467 0 1617467 0 1617467 PART X, LINE 2: ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES THE SOCIETY ADOPTED GENERALLY ACCEPTABLE ACCOUNTING PRINCIPLES FOR RECOGNITION, MEASUREMENT, PRESENTATION AND DISCLOSURE RELATING TO UNCERTAIN TAX POSITIONS, WHICH APPLIES TO BUSINESS ENTERPRISES, NOT-FOR-PROFIT ENTITIES, AND PASS-THROUGH ENTITIES, SUCH AS S CORPORATIONS AND LIMITED LIABILITY COMPANIES. THE SOCIETY FILES INCOME TAX RETURNS IN THE U.S. FEDERAL JURISDICTION AND THE STATE OF NEW JERSEY. INCOME TAX RETURNS PRIOR TO 2021 ARE CLOSED UNDER STATUTES OF LIMITATIONS. PART XI, LINE 2D - OTHER ADJUSTMENTS: REVENUE FROM CONTROLLED ENTITY - MSNJ INSURANCE AGENCY, LLC# 20-5665426 PART XI, LINE 4B - OTHER ADJUSTMENTS: REALIZED GAINS ON INVESTMENTS X X X X X 0 0 0 LAWRENCE DOWNS ESQ CEO 210196 0 0 0 0 0 0 0 8408 0 218604 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATIONS HAS MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A THE ORGANIZATION HAS MEMBERS WHO COULD BE ELECTED FROM THE FLOOR OF THE HOUSE OF DELEGATES. FORM 990, PART VI, SECTION A, LINE 7B THE DECISIONS OF THE GOVERNING BODY ARE SUBJECT TO APPROVAL BY THE MEMBERS. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF FORM 990 IS DISTRIBUTED TO THE MEMBERS OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 12C TRUSTEES AND NOMINATING MEMBERS ARE DISTRIBUTED THE POLICY AND FORM TO DISCLOSE CONFLICTS. THESE DISCLOSURE FORMS ARE FILED WITH THE GENERAL COUNSEL ANNUALLY. FORM 990, PART VI, SECTION B, LINE 15A THE ORGANIZATION USES DATA FROM OTHER ASSOCIATIONS AND STATE MEDICAL SOCIETIES AND AGREE ON THE ANNUAL COMPENSATION VIA THE COMPENSATION COMMITTEE. THE COMPENSATION COMMITTEE REVIEWS THE GOALS AND OBEJECTIVES OF THE CEO. SEVERAL PUBLISHED COMPENSATION STUDIES ARE USED TO REVIEW AND DETERMINE SALARY AND INCREASED BENEFITS. FORM 990, PART VI, SECTION C, LINE 18 THE ORGANIZATION MAKES ITS 990 AND 990-T AVAILABLE FOR PUBLIC INSPECTION ON THE GUIDESTAR WEBSITE AND UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC ON THE ORGANIZATIONS WEBSITE, THE GUIDESTAR WEBSITE, AND UPON REQUEST. FORM 990, PART XI, LINE 9: NET PERIODIC PENSION COST -202,932. UNREALIZED GAIN ON INVESTMENTS -72,951. CHANGE IN PENSION LIABILITY 368,569. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS ASSUMED RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT AUDITOR AND HAS NOT CHANGED ITS PROCESS FROM THE PRIOR YEAR. THE MEDICAL SOCIETY OF NEW JERSEY INSURANCE AGENCY LLC PO BOX 8909 TRENTON NJ 08650 205665426 PROVIDING LOW COST SELF-INSURED HEALTH INSURANCE. NJ 3200 800374 MEDICAL SOCIETY OF NEW JERSEY THE INSTITUTE OF MEDICINE AND PUBLIC HEALTH OF NEW JERSEY INC PO BOX 8909 TRENTON NJ 08650 200678012 TO MANAGE PROGRAM GRANTS IN SUPPORT OF PUBLIC HEALTH. NJ 501(C)(3) LINE 7 N/A 0 MRAC INC PO BOX 8909 TRENTON NJ 08650 223342134 PROVIDES MEDICAL ACCREDITATION SERVICES NJ MEDICAL SOCIETY OF NEW JERSEY C 1.00000 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0