2015-04-10T08:08:26-05:00 2014-05-31 263753134 CBIZ TOFIAS 500 BOYLSTON STREET BOSTON MA 02116 990 2013-06-01 042050773 MASSACHUSETTS MEDICAL SOCIETY MASS 7818934610 860 WINTER STREET WALTHAM MA 024511411 CORINNE BRODERICK EXECUTIVE VICE PRESIDENT 7818934610 2015-04-07 1 CRAIG KLEIN P00734640 6177610600 2015-04-07 2013 2016-02-25 16:41:14Z SAME AS ABOVE CORINNE BRODERICK 860 WINTER STREET WALTHAM MA 024511411 225549049 0 9253 X WWW.MASSMED.ORG X 1781 MA THE PURPOSE OF THE MASSACHUSETTS MEDICAL SOCIETY SHALL BE TO DO ALL THINGS AS MAY BE NECESSARY AND APPROPRIATE 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 THE COMMONWEALTH. 30 23 446 0 21885269 0 0 0 86674385 81050495 10272921 15624525 21601976 25961548 118549282 122636568 1191209 1185887 0 0 52415900 53659898 0 0 0 52761664 53702927 106368773 108548712 12180509 14087856 261578811 276383405 107415098 104257108 154163713 172126297 X THE PURPOSE OF THE MASSACHUSETTS MEDICAL SOCIETY SHALL BE TO DO ALL THINGS AS MAY BE NECESSARY AND APPROPRIATE 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 THE COMMONWEALTH. 0 0 PUBLISHING:THE NEJM GROUP INTRODUCED NEJM KNOWLEDGE+, AN ADAPTIVE LEARNING PLATFORM TO HELP PHYSICIANS MEET CERTIFICATION REQUIREMENTS AND PREPARE FOR EXAMS WITH MORE CONVENIENCE AND EASE. THIS YEAR NEJM ALSO EXPANDED ITS EDITORIAL REACH IN ASIA. THE NEJM GROUP PAGE WAS LAUNCHED ON LINKEDIN, WHICH NOW HAS REGULAR UPDATES FROM MANY PRODUCTS INCLUDING, NEJM, NEJM JOURNAL WATCH, PHYSICIAN'S FIRST WATCH, NEJM KNOWLEDGE+ AND NEJM CAREER CENTER. NEJM JOURNAL WATCH HAS THREE ACTIVE BLOGS: TWO THAT ARE SPECIALTY SPECIFIC AND ONE FOR RESIDENTS IN FAMILY AND INTERNAL MEDICINE. NEJM KNOWLEDGE+ HAS A BLOG THAT COVERS EDUCATION AND CERTIFICATION. CONTINUED PUBLICATION OF THE NEW ENGLAND JOURNAL OF MEDICINE AND RELATED PUBLICATIONS IN BOTH PRINT AND ELECTRONIC FORMAT, BOTH DOMESTICALLY AND INTERNATIONALLY. EDUCATIONAL:MORE THAN 170,000 PHYSICIAN PARTICIPANTS WERE IN ATTENDANCE OR COMPLETING CME EXAMS FOR OVER 1,000 MMS ONLINE, JOURNAL BASED AND LIVE CME ACTIVITIES DURING THE PAST YEAR. MMS MEMBERS CAN NOW ACCESS ALL MMS SPONSORED CME ACTIVITIES, INCLUDING NEW ENGLAND JOURNAL OF MEDICINE AND NEJM JOURNAL WATCH CREDITS IN ONE LOCATION ON ANY DEVICE. THE MMS RECOGNIZED ACCREDITOR PROGRAM ENGAGED WITH THE 53 MMS-ACCREDITED PROVIDERS IN A NUMBER OF EDUCATIONAL ACTIVITIES RELATIVE TO RECENT CHANGES FROM THE NATIONAL ACCREDIATION COUNCIL FOR CONTINUING MEDICAL EDUCATION. RISK MANAGEMENT EDUCATION ADDRESSED ISSUES WITH END OF LIFE CARE, PAIN MANAGEMENT/OPIOID PRESCRIPTIONS AND MEDICAL MARIJUANA CERTIFICATION. MMS ALSO BEGAN WORK WITH HEALTH INFORMATION TECHNOLOGY ORGANIZATIONS TO DEVELOP CURRICULUM TO MEET ANTICIPATED PHYSICIAN EDUCATIONAL NEEDS AS EHR/MEANINGFUL USE REGULATIONS ARE FINALIZED AT THE STATE LEVEL. MMS ALONG WITH THE RHODE ISLAND MEDIAL SOCIETY HOSTED THE ANNUAL DIRECTORS OF MEDICAL EDUCATION CONFERENCE. MEMBERSHIP:MEDICAL SOCIETY MEMBERSHIP ROSE TO ITS HIGHEST EVER TOTAL IN 2014 TO 24,750 MEMBERS. IN SUPPORT OF PUBLIC HEALTH, MMS WAS A STRONG SUPPORTER OF LEGISLATION TO PROHIBIT THE SALE OF ELECTRONIC CIGARETTES TO CHILDREN UNDER THE AGE OF 18. MMS ALSO WORKED TO ADDRESS DISPARITIES IN HEALTH CARE EXPERIENCED BY SOME OF OUR MOST VULNERABLE PATIENTS THROUGH THE COLLECTION OF SPECIFIC SURVEY DATA FROM PHYSICIANS WHICH WERE PRESENTED TO POLICYMAKERS AND PAYERS, AND THROUGH THE 2014 PUBLIC HEALTH LEADERSHIP FORUM. STATE AND FEDERAL ADVOCACY SAW THE MMS WORKING WITH HEALTH OFFICIALS AS THEY CRAFTED REGULATIONS ON THE STATE'S NEW MEDICAL MARIJUANA LAW THAT ENSURED PATIENTS RECEIVE THE HIGHEST QUALITY CARE FROM PHYSICIAN-LED TEAMS. IN WASHINGTON, DC, THE MMS ADVOCATED FOR PERMANENT REFORM TO THE FLAWED MEDICARE PHYSICIAN PAYMENT FORMULA. IN MASSACHUSETTS, MMS FOCUSED ON ISSUES RELATIVE TO COMBATING OPIOD OVERDOES AND ADDICTION. MMS ADVOCATED AGAINST REGULATIONS THAT WOULD REQUIRE FEDERAL MEANINGFUL USE CERTIFICATION AS A CONDITION OF MEDICAL LICENSURE IN THE STATE. 0 0 0 1 0 0 0 0 1 1 0 0 0 1 0 0 1 0 0 1 0 0 0 0 0 0 1 1 1 0 0 0 0 1 1 0 0 0 0 1 1 1 1 0 1 X 386 0 1 446 1 1 1 1 UK CA NL EI 0 0 1 1 0 X 30 23 1 0 0 0 1 1 1 1 1 0 1 1 1 1 1 1 1 1 1 1 0 X JOHN W BURNS 7814347516 MASSACHUSETTS MEDICAL SOCIETY 860 WALTHAM MA 02451 RICHARD V AGHABABIAN MD TRUSTEE 0.30 0.00 X 65833 0 7083 RICHARD S PIETERS MD PRESIDENT-ELECT 12.00 0.00 X X 64583 0 0 PETER B KANG MD SECRETARY-TREASURER 12.00 0.00 X X 19792 0 0 JESSE M EHRENFELD MD SPEAKER 3.00 0.00 X X 25000 0 0 BRUCE S AUERBACH MD TRUSTEE 0.30 0.00 X 0 0 0 RONALD W DUNLAP MD PRESIDENT 20.00 0.00 X X 133333 0 0 DAVID A ROSMAN MD VICE SPEAKER 3.00 0.00 X X 12500 0 0 JAMES B BROADHURST MD ALTERNATE TRUSTEE 0.30 0.00 X 0 0 0 HUBERT L CAPLAN MD ALTERNATE TRUSTEE 0.30 0.00 X 0 0 0 WILLIAM F DOYLE MD ALTERNATE TRUSTEE 0.30 0.00 X 0 0 0 HEIDI J FOLEY MD TRUSTEE 0.30 0.00 X 0 0 0 EDITH M JOLIN MD TRUSTEE 0.30 0.00 X 0 0 0 ANNA A MANATIS MD ALTERNATE TRUSTEE 0.30 0.00 X 0 0 0 JAMES R RALPH MD ALTERNATE TRUSTEE 0.30 0.00 X 0 0 0 ALAIN A CHAOUI MD ASST. SECRETARY TREASURER 4.00 0.00 X X 7392 0 0 SARAH A KEMBLE MD TRUSTEE 0.30 0.00 X 0 0 0 JUDD L KLINE MD TRUSTEE 0.30 0.00 X 0 0 0 GEORGE ABRAHAM MD TRUSTEE 0.30 0.00 X 0 0 0 JOSEPH C BERGERON MD TRUSTEE 0.30 0.00 X 0 0 0 MARYANNE C BOMBAUGH MD TRUSTEE 0.30 0.00 X 0 0 0 WILLIAM A COOK MD TRUSTEE 0.30 0.00 X 0 0 0 CYRUS C HOPKINS MD TRUSTEE 0.30 0.00 X 0 0 0 BARRY STEINBERG MD TRUSTEE 0.30 0.00 X 0 0 0 ALAN C WOODWARD MD ALTERNATE TRUSTEE 0.30 1.50 X 0 0 0 CAROLE E ALLEN MD TRUSTEE 0.30 0.00 X 0 0 0 JULIA F EDELMAN MD ALTERNATE TRUSTEE 0.30 0.00 X 0 0 0 JAMES FX KENEALY MD ALTERNATE TRUSTEE 0.30 0.00 X 0 0 0 THOMAS A LAMATTINA MD TRUSTEE 0.30 0.00 X 0 0 0 JOHN J WALSH MD TRUSTEE 0.30 0.00 X 0 0 0 CLAUDIA L KOPPELMAN MD ALTERNATE TRUSTEE 0.30 0.00 X 0 0 0 DAVID S ADELSTEIN III DO ALTERNATE TRUSTEE 0.30 0.00 X 0 0 0 B HOAGLAND ROSANIA MD ALTERNATE TRUSTEE 0.30 0.00 X 0 0 0 ROBERT HERTZIG MD ALTERNATE TRUSTEE 0.30 0.00 X 0 0 0 NASIR A KHAN MD TRUSTEE 0.30 0.00 X 0 0 0 KEITH C NOBIL MD TRUSTEE 0.30 0.00 X 0 0 0 FRANCIS X ROCKETT MD TRUSTEE 0.30 0.00 X 0 0 0 VINCENT J RUSSO MD ALTERNATE TRUSTEE 0.30 0.00 X 0 0 0 DANIEL E CLAPP MD TRUSTEE 0.30 0.00 X 0 0 0 BASIL M MICHAELS MD TRUSTEE 0.30 0.00 X 0 0 0 KEVIN P MORIARTY MD TRUSTEE 0.30 0.00 X 0 0 0 SVEND W BRUUN MD ALTERNATE TRUSTEE 0.30 0.20 X 0 0 0 JOHN J LOONEY MD ALTERNATE TRUSTEE 0.30 0.00 X 0 0 0 M DENISE MILLIS MD ALTERNATE TRUSTEE 0.30 0.00 X 0 0 0 DENNIS M DIMITRI MD VICE PRESIDENT 12.00 0.00 X X 4167 0 0 JAMES S GESSNER MD TRUSTEE 0.30 0.00 X 0 0 0 PAULA J MADISON TRUSTEE 0.30 1.50 X 0 0 0 DAVID STAHL MD RESIDENT TRUSTEE 0.30 0.00 X 0 0 0 SHAAN-CHIRAG GANDHI STUDENT TRUSTEE 0.30 0.00 X 0 0 0 HUGH M TAYLOR MD ALTERNATE TRUSTEE 0.30 0.00 X 0 0 0 LEE S PERRIN MD ALTERNATE TRUSTEE 0.30 0.00 X 0 0 0 MELODY J ECKARDT MD ALTERNATE TRUSTEE 0.30 0.00 X 0 0 0 HENRY L DORKIN MD ALTERNATE TRUSTEE 0.30 0.00 X 0 0 0 STEVE LEE MD ALTERNATE RESIDENT TRUSTEE 0.30 0.00 X 0 0 0 ARVIND NISHTALA ALTERNATE MEDICAL STUDENT TRUSTEE 0.30 0.00 X 0 0 0 CORINNE BRODERICK EXECUTIVE VICE PRESIDENT 50.00 0.40 X 486480 0 53843 JOHN W BURNS VICE PRESIDENT, FINANCE 50.00 0.20 X 274877 0 46407 CHRISTOPHER R LYNCH VICE PRESIDENT, PUBLISHING 50.00 0.00 X 392176 0 60259 JEFFERY M DRAZEN MD EDITOR-IN-CHIEF 50.00 0.00 X 604670 0 73908 GREGORY D CURFMAN MD EXECUTIVE EDITOR 50.00 0.00 X 392169 0 52818 ARTHUR P WILSCHEK EXECUTIVE DIRECTOR, GLOBAL SALES 50.00 0.00 X 305720 0 58490 JONATHAN ADLER MD CLINICAL STRATEGY EDITOR 50.00 0.00 X 339224 0 53995 EDWARD D CAMPION MD SENIOR DEPUTY EDITOR 50.00 0.00 X 316529 0 68443 ROBERT J STUART NEJM GROUP MANAGING DIRECTOR 50.00 0.00 X 303112 0 73423 3747557 0 548669 91 0 1 0 COLLABORATIVE CONSULTING LLC 70 BLANCHARD RD STE 500 BURLINGTON MA 01803 INFORMATION TECHNOLOGY 1258218 DELOITTE TAX LLP PO BOX 2079 CAROL STREAM IL 601322079 TAX CONSULTING 549198 PRICEWATERHOUSECOOPERS PO BOX 7247-8001 PHILADELPHIA PA 191708001 ACCOUNTING/AUDIT 272878 OC&C STRATEGY CONSULTANTS 33 ARCH ST 32ND FLR BOSTON MA 02110 BUSINESS ANALYSIS 152500 GRANT THORNTON LLP 33562 TREASURY CENTER CHICAGO IL 60694 BUSINESS ANALYSIS 141010 8 PUBLISHING 511120 75678469 75678469 EDUCATIONAL FEES 611710 4032147 4032147 MEMBERSHIP DUES 900099 1339879 1339879 81050495 4253097 4253097 3210211 3210211 866068 0 866068 866068 866068 114283909 102912481 11371428 11371428 11371428 ADVERTISING 541800 18450875 18450875 BUSINESS SERVICES 900099 2447584 2447584 FORMS AND OTHER INCOME 900099 198761 198761 788049 788049 21885269 122636568 81050495 21885269 19700804 X 1020887 165000 2852686 35034741 5910461 7187965 2674045 242065 242710 97000 1083507 11036573 2699995 7284919 2297706 7118649 1605519 1014769 369222 4226682 544812 PUBL.-PRINTING AND PROD 7246094 PUBL.-MARKETING 3659164 CONFERENCING-FOOD COSTS 1529283 PUBL.-EDITORIAL 44846 1359412 108548712 5553494 3893458 1265514 1485460 10518023 11215874 5168000 5162250 526649 451428 3598873 3119884 105950429 54515373 53120749 51435056 180083230 197669517 25000 25000 1719279 1925478 261578811 276383405 7581777 8382337 34872053 34333568 45343993 40557967 19617275 20983236 107415098 104257108 X 154163713 172126297 154163713 172126297 261578811 276383405 X 14087856 2994215 880513 X 0 1 X 1 0 0 0 0 2336592 682559 682559 817807 -135248 144467199 14121839 158589038 131371898 13095301 144467199 135398163 1618575 -5644840 131371898 107509330 2347222 25541611 135398163 95784252 11725078 107509330 1.00000 0.00000 0.00000 0 0 16788125 16788125 40786800 18849304 21937496 2524823 2156989 367834 16614749 15292764 1321985 29235932 18216316 11019616 51435056 DEFERRED COMPENSATION 822271 UNFUNDED PENSION LIABILITY 18195172 OTHER LONG TERM LIABILITY 504147 DERIVATIVE INSTRUMENT LIABILITY 1461646 20983236 124547276 2994215 2994215 121553061 1083507 1083507 122636568 107072483 -392722 -392722 107465205 1083507 1083507 108548712 PART V, LINE 4: BOARD DESIGNATED TO ENSURE THE LONG TERM FINANCIAL HEALTH OF THE SOCIETY. PART XII, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN UNREALIZED LOSS ON DERIVATIVE INSTRUMENT -392,722. EUROPE (INCLUDING ICELAND & GREENLAND) 0 89 UNRELATED BUSINESS 3153293 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 PROGRAM SERVICE SUBSCRIPTION SALES EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 PROGRAM SERVICE BULK REPRINT SALES EAST ASIA AND THE PACIFIC 0 5 UNRELATED BUSINESS 1008762 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICE SUBSCRIPTION SALES EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICE BULK REPRINT SALES NORTH AMERICA 0 26 UNRELATED BUSINESS 1141375 NORTH AMERICA 0 0 PROGRAM SERVICE SUBSCRIPTION SALES NORTH AMERICA 0 0 PROGRAM SERVICE BULK REPRINT SALES 0 120 0 0 0 120 5303430 0 5303430 0 0 0 0 0 0 PART I, LINE 3: ACCOUNTING METHOD: ACCRUAL BASIS. 1 MMS & ALLIANCE CHARITABLE FOUNDATION 860 WINTER ST WALTHAM MA 024511411 223199624 501(C)(3) 185500 NOT APPLICABLE NOT APPLICABLE COMMUNITY ACTION PHYSICIAN HEALTH SERVICES 860 WINTER ST WALTHAM MA 024511411 223234975 501(C)(3) 498000 NOT APPLICABLE NOT APPLICABLE ABUSE TREATMENT MASS MEDICAL BENEVOLENT SOC 860 WINTER ST WALTHAM MA 024511411 237089741 501(C)(3) 100000 NOT APPLICABLE NOT APPLICABLE FINANCIAL RELIEF MASS MEDICAL SOCIETY ALLIANCE 860 WINTER ST WALTHAM MA 024511411 237055291 501(C)(6) 25000 NOT APPLICABLE NOT APPLICABLE HEALTH EDUCATION MA SOCIETY FOR MEDICAL RESEARCH 72 PRINCETON ST SUITE 311 N CHELMSFORD MA 01863 042770981 501(C)(3) 7500 NOT APPLICABLE NOT APPLICABLE MEDICAL RESEARCH CHORUS INC 72 DREYER AVE STATEN IS NY 10414 463871312 501(C)(3) 15000 NOT APPLICABLE NOT APPLICABLE PUBLICATION ACCESS ARTHUR P GOLD FOUNDATION 619 PALISADE AVE ENGLEWOOD CLIFFS NJ 07632 223052098 501(C)(3) 10000 NOT APPLICABLE NOT APPLICABLE HUMANISM IN HEALTH CARE UNITED WAY OF MA BAY AND MERRIMACK VALLY 51 SLEEPER ST BOSTON MA 02210 042382233 501(C)(3) 7000 NOT APPLICABLE NOT APPLICABLE HUMAN SERVICES 7 1 MEDICAL STUDENT GRANTS 16 160000 NOT APPLICABLE NOT APPLICABLE MEMBER LIFETIME ACHIEVEMENT AWARD 1 5000 NOT APPLICABLE NOT APPLICABLE PART I, LINE 2: AMOUNTS LISTED IN PART II ARE GENERAL UNRESTRICTED CONTRIBUTIONS AND NOT GRANTS. AMOUNTS QUALIFYING AS GRANTS ARE REPORTED IN PART III OF SCHEDULE I. THE FOLLOWING PROCESS APPLIES TO MEDICAL STUDENT GRANTS: STUDENTS MUST BE ENROLLED IN A MEDICAL SCHOOL IN MASSACHUSETTS. THE MEDICAL SCHOOLS SELECT CANDIDATES BASED ON THEIR ACADEMIC EXCELLENCE, COMMUNITY SERVICE AND FINANCIAL NEED. THE MASSACHUSETTS MEDICAL SOCIETY SELECTION COMMITTEE INTERVIEWS CANDIDATES AND FINAL AWARDS (GRANTS) ARE BASED ON THEIR DECISION. X X X X X X 0 0 0 CORINNE BRODERICK EXECUTIVE VICE PRESIDENT 425426 0 43554 0 17500 0 33176 0 20667 0 540323 0 0 0 JOHN W BURNS VICE PRESIDENT, FINANCE 238285 0 19092 0 17500 0 25462 0 20945 0 321284 0 0 0 CHRISTOPHER R LYNCH VICE PRESIDENT, PUBLISHING 350269 0 41907 0 0 0 31824 0 28435 0 452435 0 0 0 JEFFERY M DRAZEN MD EDITOR-IN-CHIEF 545770 0 41400 0 17500 0 51312 0 22596 0 678578 0 0 0 GREGORY D CURFMAN MD EXECUTIVE EDITOR 368769 0 5900 0 17500 0 29502 0 23316 0 444987 0 0 0 ARTHUR P WILSCHEK EXECUTIVE DIRECTOR, GLOBAL SALES 304820 0 900 0 0 0 28739 0 29751 0 364210 0 0 0 JONATHAN ADLER MD CLINICAL STRATEGY EDITOR 334324 0 4900 0 0 0 28468 0 25527 0 393219 0 0 0 EDWARD D CAMPION MD SENIOR DEPUTY EDITOR 310629 0 5900 0 0 0 38713 0 29730 0 384972 0 0 0 ROBERT J STUART NEJM GROUP MANAGING DIRECTOR 278212 0 24900 0 0 0 47838 0 25585 0 376535 0 0 0 VANESSA P KENEALY SEE BELOW 34597 SEE BELOW 0 PHYSICIAN'S INSURANCE AGENCY OF MASSACHUSETTS INC SEE BELOW 772223 SEE BELOW 0 PART IV, COLUMN (B): VENESSA P. KENEALY IS A FAMILY MEMBER OF JAMES KENEALY, M.D., TRUSTEE.PHYSICIAN'S INSURANCE AGENCY OF MA IS A FOR PROFIT SUBSIDIARY OF THE MASSACHUSETTS MEDICAL SOCIETY. PART IV, COLUMN (D): VENESSA P. KENEALY: PAYMENT FOR INDEPENDENT CONTRACTOR SERVICESPHYSICIAN'S INSURANCE AGENCY OF MA: RECEIPT OF RENT AND REIMBURSED EXPENSES FORM 990, PART VI, SECTION A, LINE 2 PRESIDENT-ELECT, RICHARD PIETERS, M.D. IS MARRIED TO MMS TRUSTEE, EDITH JOLIN, M.D. PRESIDENT, RONALD DUNLOP, M.D., TRUSTEE, BRUCE AUERBACH, M.D. AND TRUSTEE, MARYANNE BOMBAUGH, M.D. SERVE ON THE BOARD OF CONVERYS. MMS TRUSTEE, JUDD KLINE, M.D. AND ALTERNATE TRUSTEE, SVEND BRUUN, M.D. HAVE A BUSINESS RELATIONSHIP WITH OFFICER, JOHN BURNS AS DIRECTORS OF PHYSICIAN'S INSURANCE AGENCY OF MASSACHUSETTS. FORM 990, PART VI, SECTION A, LINE 6 DISTRICT SOCIETY MEMBERS ELECT TWO OF THEIR MEMBERS TO SERVE AS TRUSTEE AND ALTERNATE, RESPECTIVELY, OF THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION A, LINE 7A DISTRICT SOCIETY MEMBERS ELECT TWO OF THEIR NUMBERS TO SERVE AS TRUSTEE AND ALTERNATE, RESPECTIVELY, OF THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION A, LINE 7B THE HOUSE OF DELEGATE MEMBERS MAY OVERRIDE BOARD OF TRUSTEE ACTION ON PRIORITIZATION OF FUNDING A HOUSE DIRECTIVE WITH A TWO-THIRDS VOTE OF THE DELEGATES. FORM 990, PART VI, SECTION B, LINE 11 FORM 990 AND ALL RELATED SCHEDULES ARE REVIEWED BY THE SOCIETY'S TAX ADVISORS AT CBIZ TOFIAS. IN ADDITION A SLIDE PRESENTATION IS MADE TO THE SOCIETY'S COMMITTEE ON FINANCE WHICH HIGHLIGHTS THE MAJOR PROVISIONS OF THE FORM AND OTHER GENERAL INFORMATION IN REGARD TO THE FORM 990 FILING AND THE RESPONSIBILITIES OF NON-PROFIT ORGANIZATIONS. AN ADDITIONAL SLIDE PRESENTATION IS THEN PRESENTED TO THE SOCIETYS BOARD OF TRUSTEES PRIOR TO ITS FORM 990 FILING. A COMPLETE COPY OF FORM 990 AND ALL RELATED SCHEDULES AS FILED WITH THE INTERNAL REVENUE SERVICE IS PROVIDED TO THE MEMBERS OF THE BOARD OF TRUSTEES IN ELECTRONIC FORM IN A SECURED SECTION OF THE SOCIETY'S WEBSITE PRIOR TO FILING. BOARD OF TRUSTEE MEMBERS ARE NOTIFIED OF THIS POSTING BY E-MAIL AND PROVIDED A LINK TO THE SECURED SITE PRIOR TO FILING OF THE FORM. FORM 990, PART VI, SECTION B, LINE 12C THE SOCIETY'S CONFLICT OF INTEREST POLICY APPLIES TO ITS EMPLOYEES INCLUDING THOSE MEETING THE DEFINITION OF KEY EMPLOYEES. IT ALSO APPLIES TO THOSE SERVING IN THE CAPACITY OF AN OFFICER, DIRECTOR OR TRUSTEE. NEW EMPLOYEES ARE REQUIRED TO READ AND SIGN A CONFLICT OF INTEREST AND DISCLOSURE STATEMENT UPON BEING HIRED. EMPLOYEES ARE ALSO REQUIRED TO CERTIFY YEARLY (AT THE TIME OF THEIR ANNUAL REVIEW) THAT THEY CONTINUE TO BE IN COMPLIANCE WITH THIS POLICY. BOARD MEMBERS ARE ALSO REQUIRED TO READ AND SIGN A CONFIRMATION OF COMPLIANCE WITH THE MASSACHUSETTS MEDICAL SOCIETY CONFLICT OF INTEREST POLICY ON AN ANNUAL BASIS AT THE FIRST MEETING IN JUNE. SUBSEQUENT REVIEW AND NOTICE IS MADE AT THE SECOND MEETING FOR THOSE THAT HAVE NOT YET COMPLIED WITH THE REQUIREMENT. FURTHER REVIEW AND NOTICE IS ISSUED AT THE INTERIM HOUSE OF DELEGATES MEETING IN THE FALL FOR THOSE THAT HAVE NOT YET SUBMITTED THEIR CONFIRMATION OF COMPLIANCE FORM. THE SOCIETYS EXECUTIVE VICE PRESIDENT MUST REPORT IN HER ANNUAL REPORT ON OVERALL BOARD OF TRUSTEE CONFLICT OF INTEREST COMPLIANCE RATES. ALL NEW BOARD MEMBERS ARE INVITED TO AN ORIENTATION AND THE POLICY IS COVERED IN THAT ORIENTATION. ALL BOARD MEMBERS ARE INVITED TO AN ORIENTATION PROGRAM EVERY THREE YEARS WHERE THE CONFLICT OF INTEREST POLICY IS REVIEWED. DETERMINATION AND REVIEW FOR OFFICERS, DIRECTORS AND TRUSTEES RELATIVE TO CONFLICT OF INTEREST ARE AT THE BOARD OF TRUSTEES LEVEL. DETERMINATION AND REVIEW OF EMPLOYEES ARE ADDRESSED THROUGH THE SOCIETYS EXECUTIVE VICE PRESIDENT. EXECUTIVE VICE PRESIDENT CONFLICTS ARE ADDRESSED THROUGH THE SOCIETYS PRESIDENT. ACTIONS AND RESTRICTIONS RELATIVE TO NON-COMPLIANCE WITH THE POLICY ARE AS FOLLOWS: FOR TRUSTEES, THE BOARD SHALL DETERMINE BY A MAJORITY VOTE OF THOSE PRESENT WHETHER THE TRUSTEE MAY CONTINUE TO PARTICIPATE IN, AND VOTE ON THE MATTER. SUCH A VOTE SHALL BE DISPOSITIVE. FOR OFFICERS, THE PRESIDENT, PRESIDENT-ELECT AND VICE PRESIDENT SHALL DETERMINE BY CONSENSUS, NOT COUNTING THE DISCLOSING OFFICER, WHETHER THE OFFICER MAY CONTINUE TO PARTICIPATE IN THE MATTER. IF THE OFFICERS CANNOT REACH CONSENSUS THE MATTER SHALL BE DECIDED BY A MAJORITY VOTE OF THE PRESIDENT, PRESIDENT-ELECT, VICE PRESIDENT AND SECRETARY/TREASURER, NOT COUNTING THE DISCLOSING OFFICER. THE OFFICERS VOTE SHALL BE DISPOSITIVE IN THE MATTER. FORM 990, PART VI, SECTION B, LINE 15 THE FOLLOWING OFFICE/POSITION COMPENSATION WAS BASED ON REVIEW AND APPROVAL BY THE GOVERNING BODY AND COMPENSATION COMMITTEE, USE OF DATA AS TO COMPARABLE COMPENSATION FOR SIMILARLY QUALIFIED POSITIONS IN FUNCTIONALLY COMPARABLE POSITIONS AT SIMILARLY SITUATED ORGANIZATIONS AND WITH CONTEMPORANEOUS DOCUMENTATION AND RECORDKEEPING WITH RESPECT TO DELIBERATIONS AND DECISIONS REGARDING THE COMPENSATION AGREEMENT: EXECUTIVE VICE PRESIDENT VICE PRESIDENT OF FINANCE VICE PRESIDENT OF PUBLISHING EDITOR-IN-CHIEF OFFICERS 2012 IS THE LAST YEAR FOR WHICH HONORARIA REVIEWS WERE CONDUCTED FOR OFFICER POSITIONS. 2013 IS THE LAST YEAR FOR WHICH COMPENSATION REVIEWS WERE CONDUCTED FOR: EXECUTIVE VICE PRESIDENT, VICE PRESIDENT OF FINANCE, VICE PRESIDENT OF PUBLISHING, AND EDITOR-IN-CHIEF POSITIONS. FORM 990, PART VI, SECTION C, LINE 19 THE MASSACHUSETTS MEDICAL SOCIETY DOES NOT MAKE ITS CONFLICT OF INTEREST POLICY AVAILABLE TO THE PUBLIC. THE SOCIETY DOES NOT MAKE ITS FINANCIAL STATEMENTS OR GOVERNING DOCUMENTS AVAILABLE TO THE PUBLIC EXCEPT AS DISCLOSED WITHIN ITS FORM 990. FORM 990, PART IX, LINE 11G CONSULTANTS 3,417,244. CONTRACT EDITORS 1,623,997. CONTRACT LABOR 1,135,235. EDITOR FEES 925,396. CONTRACT SERVICES (MARKETING) 434,301. EDITORIAL WRITERS 176,143. CONFERENCE CENTER MGMT. AND ADMIN. FEES 291,961. PROMOTIONS 1,126,723. AUTHOR FEES 57,485. CONTRACT SERVICES 455,993. CONSULTANTS/CONTRACT SERVICES (PRODUCT SUPPORT) 1,392,095. FORM 990, PART XI, LINE 9: PENSION LIABILITY ADJUSTMENT 487,791. CHANGE IN UNREALIZED LOSS ON DERIVATIVE INSTRUMENT 392,722. MMS WINTER STREET LLC 860 WINTER STREET WALTHAM MA 024511411 043384431 PROPERTY DE 5000000 37420936 N/A MMS LOT 2 LLC 860 WINTER STREET WALTHAM MA 024511411 043500736 PROPERTY DE 784956 11495542 N/A MASSACHUSETTS MEDICAL SOCIETY CHARITABLE AND EDUCATIONAL FUND 860 WINTER STREET WALTHAM MA 024511411 046075905 MEDICAL STUDENT LOANS MA 501(C)(3) 11, TYPE I N/A 1 PHYSICIAN HEALTH SERVICES INC 860 WINTER STREET WALTHAM MA 024511411 223234975 OUTREACH SERVICES MA 501(C)(3) 11, TYPE I N/A 1 MASSACHUSETTS MEDICAL SOCIETY & ALLIANCE CHARITABLE FOUNDATION 860 WINTER STREET WALTHAM MA 024511411 223199614 GRANTMAKING MA 501(C)(3) 11, TYPE I N/A 1 PHYSICIAN'S INSURANCE AGENCY OF MASSACHUSETTS INC 860 WINTER STREET WALTHAM MA 024511411 043135954 INSURANCE MA N/A C 2575740 4374603 1.00000 1 1 1 0 1 0 0 0 0 0 1 0 1 0 1 1 0 1 1 1 PHYSICIAN'S INSURANCE AGENCY OF MASSACHUSETTS INC A 81112 FAIR MARKET VALUE PHYSICIAN'S INSURANCE AGENCY OF MASSACHUSETTS INC O 182268 COST PHYSICIAN'S INSURANCE AGENCY OF MASSACHUSETTS INC Q 508843 COST MASSACHUSETTS MEDICAL SOCIETY CHARITABLE AND EDUCATIONAL FUND A 140480 PROMISSORY NOTE MASSACHUSETTS MEDICAL SOCIETY CHARITABLE AND EDUCATIONAL FUND D 5220600 PROMISSORY NOTE MASSACHUSETTS MEDICAL SOCIETY CHARITABLE AND EDUCATIONAL FUND R 600000 PROMISSORY NOTE MASSACHUSETTS MEDICAL SOCIETY CHARITABLE AND EDUCATIONAL FUND S 605750 PROMISSORY NOTE PHYSICIAN HEALTH SERVICES INC Q 238778 COST PHYSICIAN HEALTH SERVICES INC B 498000 FAIR MARKET VALUE MASSACHUSETTS MEDICAL SOCIETY AND ALLIANCE CHARITABLE FOUNDATION B 187662 FAIR MARKET VALUE