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Nonprofit · EIN 04-2050773

MASSACHUSETTS MEDICAL SOCIETY

Tax-exempt · WALTHAM, MA 02451

Financials

$125.8M$136.3M2022$138M$133.3M2023$148.7M$132.9M2024
Revenue Expenses · by fiscal year end
Financials of MASSACHUSETTS MEDICAL SOCIETY by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
May 31, 2025990$148,660,138$132,886,407$15,773,731$309,838,514$86,866,061$222,972,453
May 31, 2024990$138,011,798$133,285,279$4,726,519$295,176,920$91,242,627$203,934,293
May 31, 2023990$125,843,070$136,334,544-$10,491,474$281,862,619$98,164,022$183,698,597
Financial details: 990 for the year ended May 31, 2025

Revenue

Contributions, gifts and grants
$1,573,846
of which government grants
$337,041
Program service revenue
$70,849,119
Investment income
$17,112,864
Royalties
$56,029,116
Net rental income
$922,834
Net gain from sales of assets
$12,361,531
Other revenue
$59,124,309

Expenses

Grants and similar amounts paid
$647,962
Compensation of officers, directors and key employees
$2,770,010
Other salaries and wages
$56,366,690
Salaries, compensation and benefits (total)
$80,575,855
Professional fundraising fees
$0
Legal fees
$449,918
Accounting fees
$226,570
Occupancy
$3,787,842
Travel
$838,381
Depreciation
$4,517,009

Balance sheet and other

Total assets, start of year
$295,176,920
Total assets, end of year
$309,838,514
Total liabilities, end of year
$86,866,061
Net assets, end of year
$222,972,453
Land, buildings and equipment
$44,491,954
Publicly traded securities
$193,282,109
Net assets without donor restrictions
$222,972,453
Gross unrelated business income
$24,865,181
Gross receipts
$224,285,103
Employees
462
Volunteers
800
Year formed
1781
State of legal domicile
MA

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended May 31, 2025, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
LOIS DEHLS CORNELLEXECUTIVE VICE PRESIDENT
Officer
50$686,768$67,204
ERIC JOSEPH RUBIN MDEDITOR-IN-CHIEF
Highest-paid employee
50$657,559$63,129
THERESA E SCIARAPPASENIOR VP, COO
Key employee
50$554,325$56,173
DAVID SAMPSONVP NEJM GROUP
Key employee
50$488,947$67,204
JAMES PHIMISTERMANAGING DIRECTOR, NEW BUSINESS & STRATEGIC PARTNE
Highest-paid employee
50$444,821$89,223
ROBERT J STUARTVP / CHIEF DIGITAL OFFIC
Highest-paid employee
50$456,917$61,082
MARY BETH E HAMEL MDEXECUTIVE EDITOR
Highest-paid employee
50$449,370$68,261
DARREN TAICHMAN MDDEPUTY EDITOR
Highest-paid employee
50$441,561$69,985
JEFFREY M DRAZEN MDEDITOR (CURRENT); FORMER E
Former
50$422,806$56,687
PAUL SHANNONVICE PRESIDENT, FINANCE
Officer
50$365,546$61,297
HUGH M TAYLORPRESIDENT
Trustee or director, Officer
20$138,542$0
BARBARA SPIVAKTRUSTEE, FORMER PRESIDENT
Trustee or director, Officer
0.3$100,438$0
OLIVIA LIAOPRESIDENT-ELECT
Trustee or director, Officer
12$48,875$23,000
ELI FREIMAN MD FAAPSPEAKER
Trustee or director, Officer
3$19,792$0
LEE S PERRINSECRETARY-TREASURER
Trustee or director, Officer
12$2,083$12,500
23 more people on this return
NameTitleHours / weekCompensation
GRAYSON ARMSTRONGVICE SPEAKER
Officer
3$7,292
JEAN M BRUCH MD DMDTRUSTEE
Trustee or director
0.3$0
CHRISTOPHER GAROFALO MDTRUSTEE
Trustee or director
0.3$0
KENATH J SHAMIR MDTRUSTEE
Trustee or director
0.3$0
DAVID T GOLDEN MDTRUSTEE
Trustee or director
0.3$0
ANN B SPIRES MDTRUSTEE
Trustee or director
0.3$0
THOMAS A MURRAY III MDTRUSTEE
Trustee or director
0.3$0
FLORA F SADRI-AZARBAYANI DOTRUSTEE
Trustee or director
0.3$0
JAMES K WANG MDTRUSTEE
Trustee or director
0.3$0
KATHERINE J ATKINSON MDTRUSTEE
Trustee or director
0.3$0
ANA-CRISTINA VASILESCU MDTRUSTEE
Trustee or director
0.3$0
PAULA JO CARBONE MDTRUSTEE
Trustee or director
0.3$0
NIDHI K LAL MDTRUSTEE
Trustee or director
0.3$0
JOHN A DELOGE MDTRUSTEE
Trustee or director
0.3$0
NICOLAS ARGY MD JDTRUSTEE
Trustee or director
0.3$0
SIMONE S WILDES MDTRUSTEE
Trustee or director
0.3$0
GEORGE J CLAIRMONT MDTRUSTEE
Trustee or director
0.3$0
S JAY JAYASANKAR MDTRUSTEE
Trustee or director
0.3$0
MANJUL SHUKLA MDTRUSTEE
Trustee or director
0.3$0
JOHN R BOGDASARIAN MDTRUSTEE
Trustee or director
0.3$0
CHARLES ROUSSEL MBATRUSTEE
Trustee or director
0.3$0
TIFFANY BELLOMO MDRESIDENT TRUSTEE
Trustee or director
0.3$0
SENILA YASMINSTUDENT TRUSTEE
Trustee or director
0.3$0
990 for the year ended May 31, 2024: 41 people
NameTitleHours / weekCompensationOther / benefits
LOIS DEHLS CORNELLEXECUTIVE VICE PRESIDENT
Officer
50$594,055$64,125
ERIC JOSEPH RUBIN MDEDITOR-IN-CHIEF
Highest-paid employee
50$591,427$60,734
ROBERT J STUARTVP/CHIEF DIGITAL OFFICER
Highest-paid employee
50$463,168$62,210
MARY BETH E HAMEL MDEXECUTIVE EDITOR
Highest-paid employee
50$442,814$75,043
DARREN TAICHMAN MDDEPUTY EDITOR
Highest-paid employee
50$434,504$76,306
DAVID SAMPSONVP/CHIEF PUBLISHING OFFICER, NEJM GROUP
Key employee
50$429,927$72,109
THERESA E SCIARAPPASENIOR VP, COO
Key employee
50$443,365$58,294
JEFFREY M DRAZEN MDEDITOR (CURRENT); FORMER E
Former
50$415,739$70,689
DAN L LONGO MDDEPUTY EDITOR
Highest-paid employee
50$414,488$33,041
PAUL SHANNONVICE PRESIDENT, FINANCE
Officer
50$321,198$58,995
BARBARA S SPIVAKPRESIDENT
Trustee or director, Officer
20$138,541$0
THEODORE A CALIANOSIMMEDIATE PAST PRESIDENT
Trustee or director
0.3$74,917$0
HUGH M TAYLORPRESIDENT-ELECT
Trustee or director, Officer
12$71,875$0
OLIVIA LIAOVICE PRESIDENT
Trustee or director, Officer
12$6,667$22,500
LYNDA KABBASHSECRETARY-TREASURER
Trustee or director, Officer
12$25,000$0
MELODY J ECKARDT MD MPH FACOGSPEAKER
Trustee or director, Officer
3$25,000$0
ELI FREIMAN MD FAAPVICE SPEAKER
Officer
3$12,500$0
LEE S PERRINASST. SECRETARY-TREAS
Trustee or director, Officer
4$0$0
JEAN M BRUCH MD DMDTRUSTEE
Trustee or director
0.3$0$0
MICHAEL S KAPLAN MDTRUSTEE
Trustee or director
0.3$0$0
CHRISTOPHER GAROFALO MDTRUSTEE
Trustee or director
0.3$0$0
KENATH J SHAMIR MDTRUSTEE
Trustee or director
0.3$0$0
DAVID T GOLDEN MDTRUSTEE
Trustee or director
0.3$0$0
ANN B SPIRES MDTRUSTEE
Trustee or director
0.3$0$0
THOMAS A MURRAY III MDTRUSTEE
Trustee or director
0.3$0$0
FLORA F SADRI-AZARBAYANI DOTRUSTEE
Trustee or director
0.3$0$0
JAMES K WANG MDTRUSTEE
Trustee or director
0.3$0$0
KATHERINE J ATKINSON MDTRUSTEE
Trustee or director
0.3$0$0
ANA-CRISTINA VASILESCU MDTRUSTEE
Trustee or director
0.3$0$0
PAULA JO CARBONE MDTRUSTEE
Trustee or director
0.3$0$0
NIDHI K LAL MDTRUSTEE
Trustee or director
0.3$0$0
JOHN A DELOGE MDTRUSTEE
Trustee or director
0.3$0$0
NICOLAS ARGY MD JDTRUSTEE
Trustee or director
0.3$0$0
SIMONE S WILDES MDTRUSTEE
Trustee or director
0.3$0$0
GEORGE J CLAIRMONT MDTRUSTEE
Trustee or director
0.3$0$0
S JAY JAYASANKAR MDTRUSTEE
Trustee or director
0.3$0$0
MANJUL SHUKLA MDTRUSTEE
Trustee or director
0.3$0$0
ROBERT B COIT MDTRUSTEE
Trustee or director
0.3$0$0
SAHDEV R PASSEY MDTRUSTEE
Trustee or director
0.3$0$0
PATRICK LOWE MDRESIDENT TRUSTEE
Trustee or director
0.3$0$0
SENILA YASMINSTUDENT TRUSTEE
Trustee or director
0.3$0$0
990 for the year ended May 31, 2023: 42 people
NameTitleHours / weekCompensationOther / benefits
LOIS DEHLS CORNELLEXECUTIVE VICE PRESIDENT
Officer
50$731,756$60,533
ERIC JOSEPH RUBIN MDEDITOR-IN-CHIEF
Highest-paid employee
50$646,600$57,276
DAVID SAMPSONVP NEJM GROUP
Key employee
50$525,730$70,707
THERESA E SCIARAPPAVP / CHIEF OPERATING OFFIC
Highest-paid employee
50$537,871$55,430
CHARLES T ALAGEROVP / GENERAL COUNSEL
Highest-paid employee
50$450,540$72,564
ROBERT J STUARTVP / CHIEF DIGITAL OFFIC
Highest-paid employee
50$437,751$67,240
MARY BETH E HAMEL MDEXECUTIVE EDITOR
Highest-paid employee
50$430,222$72,731
JEFFREY M DRAZEN MDEDITOR (CURRENT); FORMER E
Former
50$416,228$69,918
PAUL SHANNONVICE PRESIDENT, FINANCE
Officer
50$351,668$56,326
THEODORE A CALIANOS II MD FACSPRESIDENT
Trustee or director, Officer
20$138,542$0
CAROLE E ALLEN MDTRUSTEE, FORMER PRESIDENT
Trustee or director
0.3$52,417$20,500
BARBARA S SPIVAK MDPRESIDENT-ELECT
Trustee or director, Officer
12$71,875$0
HUGH M TAYLOR MDVICE PRESIDENT
Trustee or director, Officer
12$29,167$0
LYNDA G KABBASH MDSECRETARY-TREASURER
Trustee or director, Officer
12$25,000$0
MELODY J ECKARDT MD MPH FACOGSPEAKER
Officer
3$25,000$0
ELI FREIMAN MD FAAPVICE SPEAKER
Officer
3$12,500$0
LEE S PERRIN MDASST. SECRETARY-TREAS
Trustee or director, Officer
4$0$5,208
JEAN M BRUCH MD DMDTRUSTEE
Trustee or director
0.3$0$0
MICHAEL S KAPLAN MDTRUSTEE
Trustee or director
0.3$0$0
CHRISTOPHER GAROFALO MDTRUSTEE
Trustee or director
0.3$0$0
KENATH J SHAMIR MDTRUSTEE
Trustee or director
0.3$0$0
DAVID T GOLDEN MDTRUSTEE
Trustee or director
0.3$0$0
ANN B SPIRES MDTRUSTEE
Trustee or director
0.3$0$0
THOMAS A MURRAY III MDTRUSTEE
Trustee or director
0.3$0$0
FLORA F SADRI-AZARBAYANI DOTRUSTEE
Trustee or director
0.3$0$0
JAMES K WANG MDTRUSTEE
Trustee or director
0.3$0$0
KATHERINE J ATKINSON MDTRUSTEE
Trustee or director
0.3$0$0
ANA-CRISTINA VASILESCU MDTRUSTEE
Trustee or director
0.3$0$0
SARAH F TAYLOR MDTRUSTEE
Trustee or director
0.3$0$0
NIDHI K LAL MDTRUSTEE
Trustee or director
0.3$0$0
JOHN A DELOGE MDTRUSTEE
Trustee or director
0.3$0$0
NICOLAS ARGY MD JDTRUSTEE
Trustee or director
0.3$0$0
SIMONE S WILDES MDTRUSTEE
Trustee or director
0.3$0$0
GEORGE J CLAIRMONT MDTRUSTEE
Trustee or director
0.3$0$0
MICHAEL S ANNUNZIATA MDUNTIL 323TRUSTEE
Trustee or director
0.3$0$0
S JAY JAYASANKAR MD BEG 32023TRUSTEE
Trustee or director
0.3$0$0
MANJUL SHUKLA MDTRUSTEE
Trustee or director
0.3$0$0
ROBERT B COIT MDTRUSTEE
Trustee or director
0.3$0$0
BONNIE DUNLAP RNTRUSTEE
Trustee or director
0.3$0$0
SAHDEV R PASSEY MDTRUSTEE
Trustee or director
0.3$0$0
MARK A KASHTAN MD MPHRESIDENT TRUSTEE
Trustee or director
0.3$0$0
BENNETT VOGTSTUDENT TRUSTEE
Trustee or director
0.3$0$0

Address and contacts

Address (IRS master file)
860 WINTER ST, WALTHAM, MA 02451-1449
Principal officer (990 for 2024)
LOIS DEHLS CORNELL, 860 WINTER STREET, WALTHAM, MA 02451
Signed the 990
LOIS DEHLS CORNELL, EXECUTIVE VICE PRESIDENT
Phone
(781) 893-4610

Mission

TO ADVANCE MEDICAL KNOWLEDGE, TO DEVELOP AND MAINTAIN THE HIGHEST PROFESSIONAL AND ETHICAL STANDARDS OF MEDICAL PRACTICE AND HEALTH CARE, AND TO PROMOTE MEDICAL INSTITUTIONS FORMED ON LIBERAL PRINCIPLES FOR THE HEALTH, BENEFIT, AND WELFARE OF THE CITIZENS OF MASSACHUSETTS.

990 for the year ended May 31, 2025

Program accomplishments

  • PUBLISHING MEDICAL INFORMATION:AS A STATE MEDICAL SOCIETY, THE MMS IS IN THE UNIQUE POSITION OF MANAGING A WORLD-WIDE BRAND, NEJM GROUP. NEJM GROUP PUBLISHES THE NEW ENGLAND JOURNAL OF MEDICINE (NEJM), NEJM JOURNAL WATCH, NEJM CATALYST, NEJM EVIDENCE, AND NEJM AI. AS THE FLAGSHIP OF NEJM GROUP, NEJM IS RECOGNIZED AS THE WORLD'S LEADING GENERAL MEDICAL JOURNAL. NEJM DELIVERS HIGH-QUALITY, PEER-REVIEWED RESEARCH AND INTERACTIVE CLINICAL CONTENT TO PHYSICIANS, EDUCATORS, RESEARCHERS, AND THE GLOBAL MEDICAL COMMUNITY. NEJM'S MISSION IS TO PUBLISH THE BEST RESEARCH AND INFORMATION AT THE INTERSECTION OF BIOMEDICAL SCIENCE AND CLINICAL PRACTICE AND TO PRESENT THIS INFORMATION IN UNDERSTANDABLE, CLINICALLY USEFUL FORMATS THAT INFORM HEALTH CARE DELIVERY AND IMPROVE PATIENT OUTCOMES. NEJM KEEPS HEALTH CARE PROFESSIONALS AT THE LEADING EDGE OF MEDICAL KNOWLEDGE, HELPS THEM TO GAIN BROAD UNDERSTANDING IN THEIR AREAS OF INTEREST, AND PROVIDES A VARIETY OF ENGAGING AND INNOVATIVE WAYS TO LEARN. NEJM HAS MORE THAN ONE MILLION READERS FROM NEARLY EVERY COUNTRY.
  • EDUCATION: TOGETHER, MMS AND NEJM GROUP PROVIDE UNPARALLELED CONTENT AND EDUCATION SERVICES TO REACH PRACTICING HEALTH CARE PROFESSIONALS AND IMPROVE PATIENT CARE. THE MASSACHUSETTS MEDICAL SOCIETY RECEIVED ACCREDITATION WITH COMMENDATION BY THE ACCME AND HAS MAINTAINED THIS CERTIFICATION OF EXCELLENCE SINCE THE PROGRAM'S INCEPTION. THROUGH OUR CONTINUING MEDICAL EDUCATION PROGRAM (CME), THE MASSACHUSETTS MEDICAL SOCIETY (MMS) SEEKS TO ENABLE CLINICALLY RELEVANT AND VALUABLE LEARNING, FRAMED BY THE BEST AVAILABLE EVIDENCE, DESIGNED TO ADVANCE THE QUALITY, ACCESSIBILITY, SAFETY, AND COST-EFFECTIVENESS OF HEALTH CARE FOR PATIENTS AND THE PUBLIC WHILE PROMOTING CLINICIAN PROFESSIONALISM AND WELLNESS. IN SUMMARY, WE SEEK TO ENSURE OPTIMAL HEALTH AND WELL-BEING OF PATIENTS AND PROVIDERS.
  • MEMBER SERVICES: THE MASSACHUSETTS MEDICAL SOCIETY (MMS) IS THE STATEWIDE PROFESSIONAL ASSOCIATION FOR PHYSICIANS AND MEDICAL STUDENTS, SUPPORTING APPROXIMATELY 23,000 MEMBERS. THE MMS IS DEDICATED TO EDUCATING AND ADVOCATING FOR THE PHYSICIANS OF MASSACHUSETTS AND PATIENTS LOCALLY AND NATIONALLY. A LEADERSHIP VOICE IN HEALTH CARE, THE MMS CONTRIBUTES PHYSICIAN AND PATIENT PERSPECTIVES TO INFLUENCE HEALTH-RELATED LEGISLATION AT THE STATE AND FEDERAL LEVELS. THROUGH FY25, MMS - THE STATE'S LARGEST PHYSICIAN-LED MEMBERSHIP ORGANIZATION - CONTINUED TO BE A SOURCE OF PROFESSIONAL SUPPORT AND EDUCATION FOR PHYSICIANS WHILE ADVOCATING FOR PHYSICIANS AND PATIENTS. MEMBERS ACTIVELY PARTICIPATED IN ADVANCING A RANGE OF MMS INITIATIVES AND ACTIVITIES ALIGNED WITH THE ORGANIZATION'S MISSION.

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in May, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025May 31, 2026October 15, 2026Not on file
2024May 31, 2025October 15, 2025990 on file
2023May 31, 2024October 15, 2024990 on file

IRS record

EIN
04-2050773
Tax-exempt status
501(c)(6): Business league or chamber of commerce
Donations deductible
No
Exempt since
1994
Accounting year ends
May
Files
Form 990 or 990-EZ
Group exemption
9253 (16 member organizations)
Assets (IRS master file)
$309,838,514
Income (IRS master file)
$224,285,103

Filing history

FormYear endedRevenueExpensesAssetsReturn
990May 2025$148,660,138$132,886,407$309,838,514XML
990May 2024$138,011,798$133,285,279$295,176,920XML
990May 2023$125,843,070$136,334,544$281,862,619XML
990May 2022$157,568,130$137,145,677$298,279,224IRS
990May 2021–––IRS
990May 2020–––IRS
990May 2019–––IRS
990May 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 04-2050773).

Questions about MASSACHUSETTS MEDICAL SOCIETY

What is the EIN of MASSACHUSETTS MEDICAL SOCIETY?
The employer identification number (EIN) of MASSACHUSETTS MEDICAL SOCIETY is 04-2050773.
Is MASSACHUSETTS MEDICAL SOCIETY tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1994.
Are donations to MASSACHUSETTS MEDICAL SOCIETY tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does MASSACHUSETTS MEDICAL SOCIETY file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of MASSACHUSETTS MEDICAL SOCIETY due?
The return for tax year 2025 (the year ending May 31, 2026) is due October 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did MASSACHUSETTS MEDICAL SOCIETY last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended May 2025.
Who is the principal officer of MASSACHUSETTS MEDICAL SOCIETY?
The 990 for the year ended May 31, 2025 names LOIS DEHLS CORNELL.
Who are the officers and directors of MASSACHUSETTS MEDICAL SOCIETY?
The 990 for the year ended May 31, 2025 lists 38 people; 16 received compensation from the organization, the highest $686,768 (LOIS DEHLS CORNELL, EXECUTIVE VICE PRESIDENT).
How much revenue does MASSACHUSETTS MEDICAL SOCIETY have?
On its 990 for the year ended May 31, 2025 it reported revenue of $148,660,138, expenses of $132,886,407 and total assets of $309,838,514 at year end.

Organizations in its group exemption (16)

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