THE SOCIETY FOR WORLDWIDE MEDICAL EXCHANGE INC: Form 990, tax year 2013

View the entire original 990 at ProPublica ↗

Organization
THE SOCIETY FOR WORLDWIDE MEDICAL EXCHANGE INC (EIN 80-0417187)
Tax period
2013-01-01 to 2013-12-31
Filed
2014-05-20
IRS object ID
201421409349300102
Schema version
2013v3.0
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)
Return2014-05-20T07:37:27-05:00ReturnTs
Tax Period End2013-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN550835447PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1ALLAN KOLTUN CPA PABusinessNameLine1

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line11717 N BAYSHORE DRIVE SUITE 116AddressLine1
CityMIAMICity
StateFLState
ZIP Code33132ZIPCode
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2013-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN800417187EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1THE SOCIETY FOR WORLDWIDE MEDICAL EXCHANGE INCBusinessNameLine1
FieldValueIRS element (for citing)
Business Name ControlSOCIBusinessNameControlTxt
Phone3054079222PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line11666 KENNEDY CAUSEWAY NO 702AddressLine1
CityN BAY VILLAGECity
StateFLState
ZIP Code33141ZIPCode

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonDAVID FILLERPersonNm
Person TitleDIRECTORPersonTitleTxt
Phone3054079222PhoneNum
Signature2014-05-13SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
PTINP00552376PTIN
Phone3053740041PhoneNum
FieldValueIRS element (for citing)
Tax2013TaxYr
Build TS2015-11-30 17:44:51ZBuildTS

Form 990 IRS990

US Address USAddress

FieldValueIRS element (for citing)
Address Line11666 KENNEDY CAUSEWAY NO 702AddressLine1
CityN BAY VILLAGECity
StateFLState
ZIP Code33141ZIPCode
FieldValueIRS element (for citing)
Gross Receipts$903,662GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressHTTP://WWW.WORLDWIDEMEDICALEXCHANGE.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2009FormationYr
Legal Domicile StateFLLegalDomicileStateCd
Activity Or MissionA VISION OF A UNITED GLOBAL MEDICAL COMMUNITY.TO PROVIDE THE NECESSARY FUNDING FOR DOCTORS/PHYSICIANS FROM DEVELOPING COUNTRIES AND LOCAL COMMUNITIES TO CONTINUE LEARNING AND SHARING THE LATEST MEDICAL KNOWLEDGE AND ADVANCES, ATTENDING INTERNATIONAL MEDICAL MEETINGS AND DEDICATED COURSES AND SCIENTIFIC EXCHANGE IN EVOLVING TREATMENTS AND FINDING CURES FOR DISEASES.ActivityOrMissionDesc
Voting Members Governing Body3VotingMembersGoverningBodyCnt
Voting Members Independent3VotingMembersIndependentCnt
Total Employee0TotalEmployeeCnt
Total Volunteers0TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$0PYContributionsGrantsAmt
CY Contributions Grants$0CYContributionsGrantsAmt
PY Program Service Revenue$433,542PYProgramServiceRevenueAmt
CY Program Service Revenue$903,662CYProgramServiceRevenueAmt
PY Investment Income$0PYInvestmentIncomeAmt
CY Investment Income$0CYInvestmentIncomeAmt
PY Other Revenue$0PYOtherRevenueAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$433,542PYTotalRevenueAmt
CY Total Revenue$903,662CYTotalRevenueAmt
PY Grants And Similar Paid$77,932PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$76,452CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$0PYSalariesCompEmpBnftPaidAmt
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$358,043PYOtherExpensesAmt
CY Other Expenses$855,207CYOtherExpensesAmt
PY Total Expenses$435,975PYTotalExpensesAmt
CY Total Expenses$931,659CYTotalExpensesAmt
PY Revenues Less Expenses-$2,433PYRevenuesLessExpensesAmt
CY Revenues Less Expenses-$27,997CYRevenuesLessExpensesAmt
Total Assets BOY$78,174TotalAssetsBOYAmt
Total Assets EOY$191,700TotalAssetsEOYAmt
Total Liabilities BOY$109,130TotalLiabilitiesBOYAmt
Total Liabilities EOY$250,653TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY-$30,956NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY-$58,953NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionA VISION OF A UNITED GLOBAL MEDICAL COMMUNITY.TO PROVIDE THE NECESSARY FUNDING FOR DOCTORS/PHYSICIANS FROM DEVELOPING COUNTRIES AND LOCAL COMMUNITIES TO CONTINUE LEARNING AND SHARING THE LATEST MEDICAL KNOWLEDGE AND ADVANCES, ATTENDING INTERNATIONAL MEDICAL MEETINGS AND DEDICATED COURSES AND SCIENTIFIC EXCHANGE IN EVOLVING TREATMENTS AND FINDING CURES FOR DISEASES.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$33,104ExpenseAmt
Grant$33,104GrantAmt
DescPROVIDE FUNDING TO DOCTORS FROM DEVELOPING COUNTRIES AND LOCAL COMMUNITIESDesc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

FieldValueIRS element (for citing)
Expense$787,680ExpenseAmt
Revenue$903,662RevenueAmt
DescEDUCATION & MEDICAL GRANTS IN THE LATEST MEDICAL KNOWLEDGE AND ADVANCESDesc

Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp

FieldValueIRS element (for citing)
Expense$43,347ExpenseAmt
Grant$43,347GrantAmt
DescSCIENTIFIC EXCHANGE IN EVOLVING TREATMENTS AND FINDING CURES FOR DISEASESDesc
FieldValueIRS element (for citing)
Total Program Service Expenses$864,131TotalProgramServiceExpensesAmt
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
Temp Or Permanent Endowments0TempOrPermanentEndowmentsInd
Report Land Building Equipment0ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other AssetsYes (1)ReportOtherAssetsInd
Report Other LiabilitiesYes (1)ReportOtherLiabilitiesInd
Include FIN48 Footnote0IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt0IndependentAuditFinclStmtInd
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 With Officer Ent0BusinessRlnWithOfficerEntInd
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
Employee0EmployeeCnt
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
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members3GoverningBodyVotingMembersCnt
Independent Voting Member3IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring Enfrc0RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEO0CompensationProcessCEOInd
Compensation Process Other0CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
States Where Copy Of Return Is FldFLStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1THE ORGANIZATIONBusinessNameLine1
FieldValueIRS element (for citing)
Phone3054079222PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line11666 KENNEDY CAUSEWAY NO 702AddressLine1
CityN BAY VILLAGECity
StateFLState
ZIP Code33141ZIPCode
FieldValueIRS element (for citing)
No Listed Persons CompensatedYes (X)NoListedPersonsCompensatedInd

Form990 Part VII Section A Form990PartVIISectionAGrp (3 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
MARTA FASOLI
DIRECTOR1.00Yes (X)$0$0$0
JANE BRESCIA
DIRECTOR1.00Yes (X)$0$0$0
DAVID FILLER
DIRECTOR1.00Yes (X)$0$0$0
FieldValueIRS element (for citing)
Total Reportable Comp From Org$0TotalReportableCompFromOrgAmt
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
Cntrct Rcvd Greater Than100 K0CntrctRcvdGreaterThan100KCnt

Program Service Revenue ProgramServiceRevenueGrp (2 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
EDUCATIONAL GRANT611430$889,412$889,412
MEMBERSHIP611430$14,250$14,250
FieldValueIRS element (for citing)
Total Program Service Revenue$903,662TotalProgramServiceRevenueAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$903,662TotalRevenueColumnAmt
Related Or Exempt Func Income$903,662RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$0ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$43,348TotalAmt
Program Services$43,348ProgramServicesAmt

Foreign Grants ForeignGrantsGrp

FieldValueIRS element (for citing)
Total$33,104TotalAmt
Program Services$33,104ProgramServicesAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$3,000TotalAmt
Management And General$3,000ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$1,955TotalAmt
Management And General$1,955ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$17,079TotalAmt
Management And General$17,079ManagementAndGeneralAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$22,125TotalAmt
Management And General$22,125ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$2,160TotalAmt
Management And General$2,160ManagementAndGeneralAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$12,377TotalAmt
Management And General$12,377ManagementAndGeneralAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$5,903TotalAmt
Management And General$5,903ManagementAndGeneralAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$17,669TotalAmt
Program Services$17,669ProgramServicesAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmt
CONFERENCE EXPENSES: AC$508,133$508,133
CONFERENCE EXPENSES: RE$85,854$85,854
CONFERENCE EXPENSES: TR$70,630$70,630
SCIENTIFIC ADVISORY BOA$36,800$36,800

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$71,522TotalAmt
Program Services$68,593ProgramServicesAmt
Management And General$2,929ManagementAndGeneralAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$931,659TotalAmt
Program Services$864,131ProgramServicesAmt
Management And General$67,528ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$30,154BOYAmt
EOY$1,914EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$2,765BOYAmt
EOY$55,839EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$45,255BOYAmt
EOY$133,947EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$78,174BOYAmt
EOY$191,700EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$59,664BOYAmt
EOY$210,653EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$49,466BOYAmt
EOY$40,000EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$109,130BOYAmt
EOY$250,653EOYAmt
FieldValueIRS element (for citing)
Org Does Not Follow SFAS117Yes (X)OrgDoesNotFollowSFAS117Ind

Cap Stk Tr Prin Current Funds CapStkTrPrinCurrentFundsGrp

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

Pd In Cap Srpls Land Bldg Eqp Fund PdInCapSrplsLandBldgEqpFundGrp

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

Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp

FieldValueIRS element (for citing)
BOY-$30,956BOYAmt
EOY-$58,953EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY-$30,956BOYAmt
EOY-$58,953EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$78,174BOYAmt
EOY$191,700EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss-$27,997ReconcilationRevenueExpnssAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Info In Schedule O Part XIIYes (X)InfoInScheduleOPartXIIInd
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS Audited0FSAuditedInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Publicly Supported Org509a2Yes (X)PubliclySupportedOrg509a2Ind
Public Support Total509$0PublicSupportTotal509Amt

Total Support Calendar Year TotalSupportCalendarYearGrp

FieldValueIRS element (for citing)
Total$0TotalAmt
FieldValueIRS element (for citing)
Public Support CY5090.00000PublicSupportCY509Pct
Investment Income CY0.00000InvestmentIncomeCYPct
Private Foundation509Yes (X)PrivateFoundation509Ind

Schedule D IRS990ScheduleD

FieldValueIRS element (for citing)
Total Book Value Land Buildings$0TotalBookValueLandBuildingsAmt

Other Assets Org OtherAssetsOrgGrp (4 entries)

DescDescBook ValueBookValueAmt
PREPAID EXPENSES$125,711
PREPAID RED BOOK EXPENSES$6,616
PETTY CASH$320
DEPOSIT- RENT$1,300
FieldValueIRS element (for citing)
Total Book Value Other Assets$133,947TotalBookValueOtherAssetsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp

FieldValueIRS element (for citing)
DescSHORT TERM LOAN PAYABLE:AFFILIATEDesc
Amt$40,000Amt
FieldValueIRS element (for citing)
Total Liability$40,000TotalLiabilityAmt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (3 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION B, LINE 11THE DIRECTORS OF THE ORGANIZATION MEET & REVIEW EVERY LINE ITEM OF THE FILING
FORM 990, PART VI, SECTION C, LINE 19DOCUMENTS ARE AVAILABLE @ ENTITIES OFFICE FOR PUBLIC VIEWING.
FORM 990. PART XI LINE 2C.THE ORGANIZATIONS FINANCIAL COMMITTEE REVIEWS THE FINANCIAL STATEMENTS PREPARED BY THE OUTSIDE CPA FIRM

Comments

Anonymous: no account or email. Up to 2,000 characters, at most one link. Comments are checked automatically; some wait for review.