BETA

MEYERS PRIMARY CARE INSTITUTE INC: Form 990, tax year 2023

View the entire original 990 at ProPublica ↗

Organization
MEYERS PRIMARY CARE INSTITUTE INC (EIN 04-3211678)
Tax period
2023-07-01 to 2024-06-30
Filed
2025-05-12
IRS object ID
202521329349300302
Schema version
2023v6.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2025-05-12T04:56:59-05:00ReturnTs
Tax Period End2024-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN991856619PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1GRANT THORNTON ADVISORS LLCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line153 STATE STREET SUITE 1600AddressLine1Txt
CityBOSTONCityNm
State AbbreviationMAStateAbbreviationCd
ZIP02109ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2023-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN043211678EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1MEYERS PRIMARY CARE INSTITUTE INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlMEYEBusinessNameControlTxt
Phone5087917392PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1365 PLANTATION STREET 100AddressLine1Txt
CityWORCESTERCityNm
State AbbreviationMAStateAbbreviationCd
ZIP01605ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonJERRY GURWITZPersonNm
Person TitleEXECUTIVE DIRECTORPersonTitleTxt
Phone5087917392PhoneNum
Signature2025-05-09SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (1)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonERIN COUTUREPreparerPersonNm
PTINP01390592PTIN
Phone6177237900PhoneNum
Preparation2025-05-09PreparationDt
FieldValueIRS element (for citing)
Tax2023TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Address ChangeYes (X)AddressChangeInd
Principal OfficerJERRY GURWITZPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1365 PLANTATION STREET 100AddressLine1Txt
CityWORCESTERCityNm
State AbbreviationMAStateAbbreviationCd
ZIP01605ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$3,137GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressN/AWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1993FormationYr
Legal Domicile StateMALegalDomicileStateCd
Activity Or MissionTHE ORGANIZATION IS IN THE DISSOLUTION PROCESS.ActivityOrMissionDesc
Voting Members Governing Body12VotingMembersGoverningBodyCnt
Voting Members Independent12VotingMembersIndependentCnt
Total Employee2TotalEmployeeCnt
Total Volunteers0TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$0PYContributionsGrantsAmt
CY Contributions Grants$0CYContributionsGrantsAmt
PY Program Service Revenue$0PYProgramServiceRevenueAmt
CY Program Service Revenue$0CYProgramServiceRevenueAmt
PY Investment Income$346PYInvestmentIncomeAmt
CY Investment Income$3,137CYInvestmentIncomeAmt
PY Other Revenue$690PYOtherRevenueAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$1,036PYTotalRevenueAmt
CY Total Revenue$3,137CYTotalRevenueAmt
PY Grants And Similar Paid$0PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$330,492PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$0CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$201,091PYOtherExpensesAmt
CY Other Expenses$6,548CYOtherExpensesAmt
PY Total Expenses$531,583PYTotalExpensesAmt
CY Total Expenses$6,548CYTotalExpensesAmt
PY Revenues Less Expenses-$530,547PYRevenuesLessExpensesAmt
CY Revenues Less Expenses-$3,411CYRevenuesLessExpensesAmt
Total Assets BOY$1,573,782TotalAssetsBOYAmt
Total Assets EOY$1,483,590TotalAssetsEOYAmt
Total Liabilities BOY$1,640TotalLiabilitiesBOYAmt
Total Liabilities EOY$131,866TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$1,572,142NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$1,351,724NetAssetsOrFundBalancesEOYAmt
MissionTHE ORGANIZATION IS IN THE DISSOLUTION PROCESS.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
DescIN MARCH 2022, THE DECISION WAS MADE TO TRANSITION THE INSTITUTE'S ACTIVITIES AND EMPLOYEES TO UMASS CHAN. AS OF JUNE 25, 2022, EMPLOYEE TRANSITIONS WERE COMPLETED, AND ALL RESEARCH AND EDUCATION ACTIVITIES AT THE INSTITUTE CEASED ON JUNE 30, 2022. AT THE APRIL 2023 BOARD OF DIRECTORS MEETING, THE BOARD OF THE INSTITUTE VOTED TO DISSOLVE THE INSTITUTE. THE DISSOLUTION IS PENDING APPROVAL BY THE STATE ATTORNEY GENERAL.Desc
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B Required0ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi Endowments0DonorRstrOrQuasiEndowmentsInd
Report Land Building Equipment0ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other Liabilities0ReportOtherLiabilitiesInd
Include FIN48 Footnote0IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (1)IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J Required0ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related Entity0RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document0IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Employee2EmployeeCnt
Employment Tax Returns Filed0EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members12GoverningBodyVotingMembersCnt
Independent Voting Member12IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or StockholdersYes (1)MembersOrStockholdersInd
Election Of Board MembersYes (1)ElectionOfBoardMembersInd
Decisions Subject To ApprovaYes (1)DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn Body0Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEOYes (1)CompensationProcessCEOInd
Compensation Process Other0CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
States Where Copy Of Return Is FldMAStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1JERRY GURWITZBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone5087917392PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1365 PLANTATION STREET SUITE 100AddressLine1Txt
CityWORCESTERCityNm
State AbbreviationMAStateAbbreviationCd
ZIP01605ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (13 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtAverage Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
ANGELA BEELER
CHAIR/PRESIDENT1.000.00Yes (X)Yes (X)$0$0$0
DAVID BRUMLEY MD MBA
VICE CHAIR1.000.00Yes (X)Yes (X)$0$0$0
ROBERT YOOD MD
TREASURER1.000.00Yes (X)Yes (X)$0$0$0
THAD SCHILLING MD
CLERK1.000.00Yes (X)Yes (X)$0$0$0
CATARINA KIEFE
DIRECTOR1.000.00Yes (X)$0$0$0
DIANE MCKEE MD MS
DIRECTOR1.000.00Yes (X)$0$0$0
JANIS LIEPINS
DIRECTOR1.000.00Yes (X)$0$0$0
LINDA WEINREB MD
DIRECTOR1.000.00Yes (X)$0$0$0
MICHAEL SHEEHY MD
DIRECTOR1.000.00Yes (X)$0$0$0
MICHELE PUGNAIRE MD
DIRECTOR1.000.00Yes (X)$0$0$0
RANDI BERKOWITZ MD
DIRECTOR1.000.00Yes (X)$0$0$0
ROBERT KOSSACK MD
DIRECTOR1.000.00Yes (X)$0$0$0
JERRY H GURWITZ MD
EXECUTIVE DIRECTOR40.000.00Yes (X)$15,142$0$0
FieldValueIRS element (for citing)
Total Reportable Comp From Org$15,142TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$0TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K0IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K0TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp

Contractor Name ContractorName

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1TIAACREFBusinessNameLine1Txt

Contractor Address ContractorAddress

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 1259AddressLine1Txt
CityCHARLOTTECityNm
State AbbreviationNCStateAbbreviationCd
ZIP282011271ZIPCd
FieldValueIRS element (for citing)
ServicesFINANCIAL SERVICESServicesDesc
Compensation$129,715CompensationAmt
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K1CntrctRcvdGreaterThan100KCnt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$3,137TotalRevenueColumnAmt
Exclusion$3,137ExclusionAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$3,137TotalRevenueColumnAmt
Related Or Exempt Func Income$0RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$3,137ExclusionAmt

Other Expenses OtherExpensesGrp

FieldValueIRS element (for citing)
DescMISCELLANEOUS EXPENSESDesc
Total$6,548TotalAmt
Management And General$6,548ManagementAndGeneralAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$6,548TotalAmt
Program Services$0ProgramServicesAmt
Management And General$6,548ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$63,297BOYAmt
EOY$70,000EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$1,458,653BOYAmt
EOY$1,413,235EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
EOY$0EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$4,500BOYAmt
EOY$355EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$47,332BOYAmt
EOY$0EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$1,573,782BOYAmt
EOY$1,483,590EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$1,636BOYAmt
EOY$131,866EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$4BOYAmt
EOY$0EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$1,640BOYAmt
EOY$131,866EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$1,572,142BOYAmt
EOY$1,351,724EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$1,572,142BOYAmt
EOY$1,351,724EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$1,573,782BOYAmt
EOY$1,483,590EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part XIYes (X)InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss-$3,411ReconcilationRevenueExpnssAmt
Other Changes In Net Assets-$217,007OtherChangesInNetAssetsAmt
Info In Schedule O Part XIIYes (X)InfoInScheduleOPartXIIInd
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Public Organization170Yes (X)PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$253,447CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$253,945CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$200,000CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$0CurrentTaxYearMinus1YearAmt
Current Tax Year$0CurrentTaxYearAmt
Total$707,392TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$253,447CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$253,945CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$200,000CurrentTaxYearMinus2YearsAmt
Total$707,392TotalAmt
FieldValueIRS element (for citing)
Public Support Total170$707,392PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$52,517CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$40,992CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$32,868CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$346CurrentTaxYearMinus1YearAmt
Current Tax Year$3,137CurrentTaxYearAmt
Total$129,860TotalAmt

Other Income170 OtherIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$4,500CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$19,500CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$20,864CurrentTaxYearMinus2YearsAmt
Total$44,864TotalAmt
FieldValueIRS element (for citing)
Total Support$882,116TotalSupportAmt
Gross Receipts Rltd Activities$5,258,973GrossReceiptsRltdActivitiesAmt
Public Support CY1700.80190PublicSupportCY170Pct
Public Support PY1700.74210PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170Yes (X)ThirtyThrPctSuprtTestsCY170Ind

Form990 Schedule A Part VI Form990ScheduleAPartVIGrp

FieldValueIRS element (for citing)
Form And Line ReferenceSCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME:FormAndLineReferenceDesc
ExplanationCONTRACTED SVCS OTHER INCOME - 2019 AMOUNT: $ 4,500. 2020 AMOUNT: $ 19,500. 2021 AMOUNT: $ 20,864. 2022 AMOUNT: $ 0. 2023 AMOUNT: $ 0.ExplanationTxt

Schedule D IRS990ScheduleD

FieldValueIRS element (for citing)
Total Book Value Land Buildings$0TotalBookValueLandBuildingsAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$3,137TotalRevEtcAuditedFinclStmtAmt
Revenue Not Reported$0RevenueNotReportedAmt
Revenue Subtotal$3,137RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt$0RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$3,137TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$6,548TotExpnsEtcAuditedFinclStmtAmt
Expenses Not Reported$0ExpensesNotReportedAmt
Expenses Subtotal$6,548ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt$0ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$6,548TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PART X, LINE 2:ASC 740 THE INSTITUTE IS A NOT-FOR-PROFIT ORGANIZATION AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, AS AMENDED (THE "CODE"), AND IS GENERALLY EXEMPT FROM INCOME TAXES PURSUANT TO SECTION 501(A) OF THE CODE. THE INSTITUTE IS REQUIRED TO ASSESS UNCERTAIN TAX POSITIONS AND HAS DETERMINED THAT THERE WERE NO SUCH POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS.
PART XI AND XIIRECONCILIATION OF AUDITED FINANCIAL STATEMENTS: ON APRIL 12, 2023, THE INSTITUTE'S MEMBERS APPROVED A VOLUNTARY DISSOLUTION AND A PLAN TO LIQUIDATE THE INSTITUTE'S ASSETS AND SETTLE ITS OBLIGATIONS. AS A RESULT, THE INSTITUTE ADOPTED THE LIQUIDATION BASIS OF ACCOUNTING EFFECTIVE ON THAT DATE, IN ACCORDANCE WITH ASC 205-30, PRESENTATION OF FINANCIAL STATEMENTS LIQUIDATION BASIS OF ACCOUNTING. THIS BASIS OF ACCOUNTING IS CONSIDERED APPROPRIATE WHEN LIQUIDATION IS IMMINENT AND THE CRITERIA FOR ITS ADOPTION ARE MET. AFTER APPROVAL FROM THE MASSACHUSETTS SUPREME JUDICIAL COURT AND ONCE ALL OUTSTANDING OBLIGATIONS ARE SATISFIED, THE INSTITUTE WILL TRANSFER ITS REMAINING ASSETS TO UMASS CHAN TO ESTABLISH AN ENDOWED CHAIR IN GERIATRIC MEDICINE.

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (9 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINE 6MEMBERS MEYERS PRIMARY CARE INSTITUTE ("MPCI") HAS THREE MEMBERS. EACH MEMBER IS ENTITLED TO ASSIGN FOUR DIRECTORS TO THE GOVERNING BODY. MEMBERS APPROVE THE CHAIRMAN OF THE BOARD. DIRECTORS HAVE APPROVAL RIGHTS FOR ALL OTHER DECISIONS.
FORM 990, PART VI, SECTION A, LINE 7AMEMBERS MEYERS PRIMARY CARE INSTITUTE ("MPCI") HAS THREE MEMBERS. EACH MEMBER IS ENTITLED TO ASSIGN FOUR DIRECTORS TO THE GOVERNING BODY. MEMBERS APPROVE THE CHAIRMAN OF THE BOARD. DIRECTORS HAVE APPROVAL RIGHTS FOR ALL OTHER DECISIONS.
FORM 990, PART VI, SECTION A, LINE 7BMEMBERS MEYERS PRIMARY CARE INSTITUTE ("MPCI") HAS THREE MEMBERS. EACH MEMBER IS ENTITLED TO ASSIGN FOUR DIRECTORS TO THE GOVERNING BODY. MEMBERS APPROVE THE CHAIRMAN OF THE BOARD. DIRECTORS HAVE APPROVAL RIGHTS FOR ALL OTHER DECISIONS.
FORM 990, PART VI, SECTION B, LINE 11BREVIEW OF FORM 990 WITH INFORMATION PROVIDED BY MANAGEMENT, THE FORM 990 IS PREPARED BY A TAX ADVISOR. THE FORM 990 IS THEN REVIEWED BY THE PRESIDENT PRIOR TO THE FORM BEING FILED WITH THE IRS. THE FINAL RETURN IS SIGNED BY THE ORGANIZATION AND THE PAID PREPARER.
FORM 990, PART VI, SECTION B, LINE 12CPOLICIES AND PROCEDURES ALL OFFICERS AND DIRECTORS ASSUME RESPONSIBILITY FOR CONSIDERING POSSIBLE CONFLICTS OF INTEREST THAT ARISE DURING SERVICE WITH MPCI. TO HELP OFFICERS AND DIRECTORS IDENTIFY POSSIBLE CONFLICTS OF INTEREST, MPCI HAS DEVELOPED A DISCLOSURE FORM THAT MUST BE COMPLETED AND UPDATED AT LEAST ANNUALLY DURING THE COURSE OF THEIR SERVICE. OFFICERS AND DIRECTORS MUST ALSO DISCLOSE ANY CONFLICT OF INTEREST AS SOON AS THEY BECOME AWARE OF ANY CONFLICT. THE CHAIR OF THE BOARD AND EXECUTIVE DIRECTOR OF MPCI WILL REVIEW THE DISCLOSURES AND INVESTIGATE ANY REPORTED CONFLICTS OF INTEREST IN THE STRICTEST CONFIDENCE AND FAIRLY. THE CHAIR AND THE EXECUTIVE DIRECTOR CONSIDER THE BEST INTERESTS OF MPCI AND THE NATURE OF THE CONFLICT. THEY EVALUATE THE CIRCUMSTANCES OF THE ISSUE OR TRANSACTION TO ENSURE THAT IT IS REASONABLE AND THAT THEY HAVE CONSIDERED ANY POTENTIAL IMPLICATIONS OF ENTERING INTO A TRANSACTION OR DECIDING AN ISSUE WHERE A CONFLICT EXISTS. THE CHAIR AND THE EXECUTIVE DIRECTOR MAY CONSIDER WHETHER ADVICE FROM LEGAL COUNSEL OR OTHER INDEPENDENT ADVISORS IS NECESSARY IN PARTICULAR INSTANCES. THE CHAIR AND THE EXECUTIVE DIRECTOR WILL DELIBERATE ON THE REPORTED CONFLICT AND MAKE ONE OF TWO DETERMINATIONS: THAT NO MATERIAL CONFLICT OF INTEREST EXISTS AND NO ACTION IS NECESSARY OR THAT A MATERIAL CONFLICT OF INTEREST DOES EXIST AND DETERMINE HOW TO ADDRESS THE IDENTIFIED CONFLICT. THESE FINDINGS WILL BE COMMUNICATED TO THE BOARD OF DIRECTORS AND THE BOARD MEETING MINUTES SHALL REFLECT THE NATURE OF THE CONFLICT AND THE CHAIR AND EXECUTIVE DIRECTOR'S DETERMINATION WITH RESPECT TO THE SPECIFIC PROCEDURES THE MEMBER WILL FOLLOW REGARDING THE ISSUE OR TRANSACTION.
FORM 990, PART VI, SECTION B, LINE 15ADETERMINING COMPENSATION THE EXECUTIVE DIRECTOR IS SUBJECT TO AN ANNUAL PERFORMANCE REVIEW CONDUCTED BY THE BOARD OF DIRECTORS, AS MANDATED BY TERMS OF HIS EMPLOYMENT CONTRACT. THE REVIEW UTILIZES COMPENSATION DATA OF COMPARABLE ORGANIZATIONS TO DETERMINE COMPENSATION OF THE EXECUTIVE DIRECTOR FOR THE FOLLOWING FISCAL YEAR. COMPENSATION IS PRESENTED TO THE BOARD OF DIRECTORS (IN THE ABSENCE OF THE EXECUTIVE DIRECTOR) AT THE ANNUAL BOARD MEETING IN JUNE. AT THIS MEETING, VOTING BOARD MEMBERS APPROVE EXECUTIVE COMPENSATION. THE ENTIRE PROCESS IS DOCUMENTED IN THE MINUTES OF THE BOARD OF DIRECTORS.
FORM 990, PART VI, SECTION C, LINE 19MAKING DOCUMENTS AVAILABLE TO THE PUBLIC THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST AND AT MANAGEMENT'S DISCRETION.
FORM 990, PART XI, LINE 9:DISSOLUTION ADJUSTMENT -217,007.
FORM 990, PART XII, LINE 2CON APRIL 12, 2023, THE INSTITUTE'S MEMBERS APPROVED A VOLUNTARY DISSOLUTION AND A PLAN TO LIQUIDATE THE INSTITUTE'S ASSETS AND SETTLE ITS OBLIGATIONS. AS A RESULT, THE INSTITUTE ADOPTED THE LIQUIDATION BASIS OF ACCOUNTING EFFECTIVE ON THAT DATE, IN ACCORDANCE WITH ASC 205-30, PRESENTATION OF FINANCIAL STATEMENTS LIQUIDATION BASIS OF ACCOUNTING. THIS BASIS OF ACCOUNTING IS CONSIDERED APPROPRIATE WHEN LIQUIDATION IS IMMINENT AND THE CRITERIA FOR ITS ADOPTION ARE MET. AFTER APPROVAL FROM THE MASSACHUSETTS SUPREME JUDICIAL COURT AND ONCE ALL OUTSTANDING OBLIGATIONS ARE SATISFIED, THE INSTITUTE WILL TRANSFER ITS REMAINING ASSETS TO UMASS CHAN TO ESTABLISH AN ENDOWED CHAIR IN GERIATRIC MEDICINE.

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