2016-04-14T09:47:26-05:00 2015-05-31 263753134 CBIZ TOFIAS 500 BOYLSTON STREET BOSTON MA 02116 990 2014-06-01 042050773 MASSACHUSETTS MEDICAL SOCIETY MASS 7818934610 860 WINTER STREET WALTHAM MA 024511411 CORINNE BRODERICK EXECUTIVE VICE PRESIDENT 7818934610 2016-04-12 1 CRAIG KLEIN P00734640 6177610600 2016-04-12 2014 2016-08-17 19:52:53Z SAME AS ABOVE CORINNE BRODERICK 860 WINTER STREET WALTHAM MA 024511411 239894871 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 24 447 0 24659745 0 0 0 81050495 85648806 15624525 19212824 25961548 28919481 122636568 133781111 1185887 1188714 0 0 53659898 56280198 0 0 0 53702927 56202822 108548712 113671734 14087856 20109377 276383405 279370560 104257108 110466952 172126297 168903608 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 LAUNCHED THE FIRST OF SEVERAL INNOVATIVE GROUNDBREAKING CONTINUOUS LEARNING PROGRAMS. NEJM KNOWLEDGE+ INTERNAL MEDICINE BOARD REVIEW WAS DESIGNED SPECIFICALLY FOR INTERNAL MEDICINE AND INTERNAL MEDICINE SPECIALISTS. IT INCLUDES MORE THAN 4,000 QUESTIONS COVERING 1,600 LEARNING OBJECTIVES AND A SIMULATED EXAM ENVIRONMENT WITH TWO TIMED TWO-HOUR PRACTICE EXAMS. THE PROGRAM OFFERS PHYSICIANS THE OPPORTUNITY TO EARN AMA PRA CATEGORY 1 CREDITS AND MAINTENANCE OF CERTIFICATION POINTS TOWARD THE AMERICAN BOARD OF INTERNAL MEDICINE'S SELF-EVALUATION OF MEDICAL KNOWLEDGE (PART 2) REQUIREMENT WITH AUTOMATIC, PAPERLESS SUBMISSION. NEJM GROUP ADDED NEJM KNOWLEDGE+ FAMILY MEDICINE BOARD REVIEW - A PRODUCT DESIGNED EXPRESSLY FOR FAMILY MEDICINE PHYSICIANS, RESIDENTS AND PHYSICIAN ASSISTANTS. THE PRODUCT ALLOWS LEARNERS TO FOCUS THEIR STUDY ON THE TWO TOPIC AREAS THEY WILL CHOOSE ON EXAM DAY TO MAKE UP 26 PERCENT OF THEIR ABFM BOARD EXAM. THOUSANDS OF CLINICIANS FROM AROUND THE WORLD HAVE ALREADY SELECTED NEJM KNOWLEDGE+ REVIEW PROGRAMS TO HELP THEM MEET THEIR CONTINUOUS LEARNING NEEDS.CONTINUED PUBLICATION OF THE NEW ENGLAND JOURNAL OF MEDICINE AND RELATED PUBLICATIONS, DOMESTICALLY AND INTERNATIONALLY. EDUCATIONAL:THE SOCIETY'S PUBLIC LEADERSHIP FORUM BROUGHT TOGETHER MORE THAN 200 PHYSICIANS, HEALTH CARE PROVIDERS AND POLICY MAKERS TO DISCUSS THE OPIOID ABUSE AND ADDICTION PROBLEM. THE PROGRAM DISCUSSED POLICY AND CLINICAL CHALLENGES AND OPPORTUNITIES IN PAIN MANAGEMENT AND SUBSTANCE ABUSE PREVENTION AND TREATMENT. MMS LAUNCHED SMART AND SAFE, A COMPREHENSIVE ONLINE RESOURCE ABOUT OPIOID ABUSE FOR PATIENTS, PHYSICIANS AND OTHER PRESCRIBERS. A CORRESPONDING PUBLIC EDUCATION RADIO CAMPAIGN ADVISING PATIENTS TO STORE AND DISPOSE OF MEDICATIONS PROPERLY REACHED AN ESTIMATED ONE MILLION LISTENERS EACH WEEK. THE BOARD OF REGISTRATION IN MEDICINE VOTED TO INCORPORATE THE MMS'S DEVELOPED OPIOID THERAPY AND PHYSICIAN COMMUNICATION GUIDELINES INTO ITS NEW SET OF PRESCRIBING GUIDELINES.MMS ALONG WITH THE FOUR MEDICAL SCHOOLS MET WITH THE GOVERNOR AND COMMISSIONER OF PUBLIC HEALTH TO DISCUSS A PHYSICIAN-LED APPROACH IN DEVELOPING TRAINING AND BEST PRACTICES FOR MEDICAL STUDENTS ON PAIN MANAGEMENT AND SAFE OPIOID PRESCRIBING. MEMBERSHIP:MMS MEMBERSHIP TOPPED 25,000 MEMBERS. NEW MEMBER ROLLS REPRESENT THE SPECTRUM OF MASSACHUSETTS PHYSICIANS, INCLUDING AN INCREASE AMONG WOMEN MEMBERS AND PHYSICIANS UNDER 40 AND AN 11 PERCENT JUMP AMONG NEW STUDENT MEMBERS. THERE WERE MORE THAN 168 PHYSICIAN GROUPS ENROLLED, REPRESENTING A TOTAL OF 4,712 MEMBERS AND 288 RESIDENT GROUPS COMPRISED OF MORE THAN 5,430 MEMBERS.MMS WAS AN ACTIVE ADVOCATE ON BEHALF OF THE STATE'S PHYSICIANS ON SEVERAL MAJOR FEDERAL REGULATORY ISSUES, INCLUDING FLAWED MEDICARE PAYMENT FORMULAS AND ONEROUS MEANINGFUL USE REGULATIONS. ON THE STATE LEVEL, SOCIETY LEADERS WORKED WITH MASSACHUSETTS LAWMAKERS TO CRAFT BROAD-BASED OPIOID ADDICTION PREVENTION EFFORTS AS WELL AS NEW MASSACHUSETTS OPIOID PRESCRIBING GUIDELINES. 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 391 0 1 447 1 1 1 1 UK CA NL EI 0 0 1 1 0 X 30 24 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 S PIETERS MD PRESIDENT 20.00 0.00 X X 133333 0 0 DENNIS M DIMITRI MD PRSIDENT-ELECT 12.00 0.00 X X 0 0 0 JAMES S GESSNER MD VICE PRESIDENT 12.00 0.00 X X 0 0 0 ALAIN A CHAOUI MD SECRETARY-TREASURER 12.00 0.20 X X 19792 0 0 COREY E COLLINS DO ASST. SECRETARY-TREASURER 4.00 1.50 X X 7392 0 0 JESSE M EHRENFELD MD SPEAKER 3.00 0.00 X X 25000 0 0 DAVID A ROSMAN MD VICE SPEAKER 3.00 0.00 X X 12500 0 0 MARYANNE C BOMBAUGH MD TRUSTEE 0.30 0.00 X 0 0 0 CAROLE E ALLEN MD TRUSTEE 0.30 0.00 X 0 0 0 JOSEPH C BERGERONJR MD TRUSTEE 0.30 0.00 X 0 0 0 JAMES B BROADHURST MD TRUSTEE 0.30 0.00 X 0 0 0 HUBERT L CAPLAN MD TRUSTEE 0.30 0.00 X 0 0 0 DANIEL E CLAPP MD TRUSTEE 0.30 0.00 X 0 0 0 WILLIAM A COOK MD TRUSTEE 0.30 0.00 X 0 0 0 HENRY L DORKIN MD TRUSTEE 0.30 0.00 X 0 0 0 SARAH A KEMBLE MD TRUSTEE 0.30 0.00 X 0 0 0 RONALD W DUNLAP MD TRUSTEE, IMMEDIATE PAST PRESIDENT 0.30 0.00 X X 72917 0 0 JULIA F EDELMAN MD 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 JUDD L KLINE MD TRUSTEE 0.30 0.20 X 0 0 0 THOMAS A LAMATTINA MD TRUSTEE 0.30 0.00 X 0 0 0 MANGADHARA R MADINEEDI MD TRUSTEE 0.30 0.00 X 0 0 0 KEITH C NOBIL MD TRUSTEE 0.30 0.00 X 0 0 0 NAVIN POPAT MD TRUSTEE 0.30 0.00 X 0 0 0 PAULA J MADISON TRUSTEE 0.30 1.50 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 BARRY STEINBERG MD TRUSTEE 0.30 0.00 X 0 0 0 JOHN J WALSH MD TRUSTEE 0.30 0.00 X 0 0 0 DAVID S ADELSTEIN III DO ALTERNATE TRUSTEE 0.30 0.00 X 0 0 0 MICHAEL S ANNUNZIATA MD ALTERNATE TRUSTEE 0.30 0.00 X 0 0 0 SVEND W BRUUN JR MD ALTERNATE TRUSTEE 0.30 0.20 X 0 0 0 WILLIAM F DOYLE 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 CHRISTOPHER GAROFALO MD ALTERNATE TRUSTEE 0.30 0.00 X 0 0 0 ROBERT HERTZIG 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 ANNA A MANATIS MD ALTERNATE TRUSTEE 0.30 0.00 X 0 0 0 M DENISE MILLS 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 CLAUDIA L KOPPELMAN MD ALTERNATE TRUSTEE 0.30 0.00 X 0 0 0 JOHN J LOONEY MD ALTERNATE TRUSTEE 0.30 0.00 X 0 0 0 SAHDEV R PASSEY 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 B HOAGLAND ROSANIA MD ALTERNATE TRUSTEE 0.30 0.00 X 0 0 0 VINCENT J RUSSO MD ALTERNATE TRUSTEE 0.30 0.00 X 0 0 0 SARAH F TAYLOR MD ALTERNATE TRUSTEE 0.30 1.50 X 0 0 0 ALAN SEMINS MD ALTERNATE TRUSTEE 0.30 0.00 X 0 0 0 HUGH M TAYLOR MD ALTERNATE TRUSTEE 0.30 1.50 X 0 0 0 GILLIAN J GRIFFITH STUDENT TRUSTEE 0.30 0.00 X 0 0 0 MCKINLEY GLOVER IV MD RESIDENT TRUSTEE 0.30 0.00 X 0 0 0 ELI C FREIMAN STUDENT ALTERNATE TRUSTEE 0.30 0.00 X 0 0 0 JAWAD S HUSSAIN MD RESIDENT ALTERNATE TRUSTEE 0.30 0.00 X 0 0 0 CORINNE BRODERICK EXECUTIVE VICE PRESIDENT 50.00 0.40 X 521587 0 56271 JOHN W BURNS VICE PRESIDENT, FINANCE 50.00 0.20 X 283040 0 48097 CHRISTOPHER R LYNCH VICE PRESIDENT, PUBLISHING 50.00 0.00 X 394673 0 62720 JEFFERY M DRAZEN MD EDITOR-IN-CHIEF 50.00 0.00 X 633470 0 70508 JONATHAN ADLER MD CLINICAL STRATEGY EDITOR 50.00 0.00 X 341139 0 56414 CHARLES ALAGERO VICE PRESIDENT/GENERAL COUNSEL 50.00 0.00 X 320819 0 54326 EDWARD W CAMPION MD EXECUTIVE EDITOR 50.00 0.00 X 326542 0 63264 GREGORY D CURFMAN MD EXECUTIVE EDITOR 50.00 0.00 X 483727 0 52208 ARTHUR P WILSCHEK EXECUTIVE DIRECTOR, GLOBAL SALES 50.00 0.00 X 318493 0 55660 3894424 0 519468 106 0 1 0 COLLABORATIVE CONSULTING LLC 70 BLANCHARD RD STE 500 BURLINGTON MA 01803 INFORMATION TECHNOLOGY 839381 DELOITTE TAX LLP PO BOX 844736 DALLAS TX 75284 TAX CONSULTING 364959 AVALON CONSULTING LLC 5600 TENNYSON PARKWAY SUITE 230 PLANO TX 75024 INFORMATION TECHNOLOGY 336900 PRICEWATERHOUSECOOPERS PO BOX 7247-8001 PHILADELPHIA PA 19170 ACCOUNTING/AUDIT 291617 GRANT THORNTON LLP 33562 TREASURY CENTER CHICAGO IL 60694 BUSINESS ANALYSIS 278675 9 PUBLISHING 511120 79314378 79314378 EDUCATIONAL FEES 611710 5043881 5043881 MEMBERSHIP DUES 900099 1290547 1290547 85648806 4595461 4595461 3396399 3396399 863337 0 863337 863337 863337 120731123 105992324 121436 14738799 -121436 14617363 14617363 ADVERTISING 541800 21105194 21105194 BUSINESS SERVICES 900099 2515142 2515142 FORMS AND OTHER INCOME 900099 207104 207104 832305 832305 24659745 133781111 85648806 24659745 23472560 X 1023714 165000 2937274 36873985 6141762 7653185 2673992 190434 248900 97000 1150167 11747772 2252356 7146497 2516442 6959537 1647108 1176753 360506 4456005 518730 PUBL.-PRINTING AND PROD 8770590 PUBL.-MARKETING 3524249 CONFERENCING-FOOD COSTS 1568409 PUBL.-EDITORIAL 88876 1782491 113671734 3893458 4653189 1485460 1874183 11215874 11867585 5162250 5052750 451428 401321 3119884 3445038 109582617 58775023 51435056 50807594 197669517 199226837 25000 25000 1925478 2017063 276383405 279370560 8382337 9689392 34333568 32338063 40557967 35578637 20983236 32860860 104257108 110466952 X 172126297 168903608 172126297 168903608 276383405 279370560 X 20109377 -13692412 -9639654 X 0 1 X 1 0 0 0 0 2261851 661828 661828 791648 -129820 158589038 1162965 108584162 51167841 144467199 14121839 158589038 131371898 13095301 144467199 135398163 1618575 -5644840 131371898 107509330 2347222 25541611 135398163 1.00000 0.00000 0.00000 0 0 16788125 16788125 41468847 20252460 21216387 2593158 2288352 304806 18197434 15912771 2284663 30535053 20321440 10213613 50807594 DEFERRED COMPENSATION 983400 UNFUNDED PENSION LIABILITY 30051544 OTHER LONG TERM LIABILITY 473636 DERIVATIVE INSTRUMENT LIABILITY 1352280 32860860 119060157 -13692412 -13692412 132752569 1150167 -121625 1028542 133781111 112533826 121625 -109366 12259 112521567 1150167 1150167 113671734 PART V, LINE 4: BOARD DESIGNATED TO ENSURE THE LONG TERM FINANCIAL HEALTH OF THE SOCIETY. PART XI, LINE 4B - OTHER ADJUSTMENTS: ASSET DISPOSAL -121,625. PART XII, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN UNREALIZED LOSS ON DERIVATIVE INSTRUMENT -109,366. PART V, LINE 1E: THE SOCIETY'S BOARD OF TRUSTEES VOTED TO REDUCE THE DESIGNATED ENDOWMENT FUND THROUGH A REBALANCING TO ITS GENERAL RESERVE FUND, WHICH IS AVAILABLE TO PROVIDE THE ORGANIZATION WITH THE FINANCIAL FLEXIBILITY TO PURSUE INITIATIVES OF STRATEGIC IMPORTANCE AND TO MEET ONGOING NEEDS. EUROPE (INCLUDING ICELAND & GREENLAND) 0 120 PROGRAM SERVICE PUBLISHING AND BULK REPRINT SALES 4568409 EAST ASIA AND THE PACIFIC 0 5 PROGRAM SERVICE PUBLISHING AND BULK REPRINT SALES 822016 NORTH AMERICA 0 21 PROGRAM SERVICE PUBLISHING AND BULK REPRINT SALES 1082761 0 146 0 0 0 146 6473186 0 6473186 0 0 0 0 0 1 PART I, LINE 3: ACCOUNTING METHOD: ACCRUAL BASIS. 1 MMS & ALLIANCE CHARITABLE FOUNDATION 860 WINTER ST WALTHAM MA 024511411 223199624 501(C)(3) 185500 0 NOT APPLICABLE NOT APPLICABLE COMMUNITY ACTION PHYSICIAN HEALTH SERVICES 860 WINTER ST WALTHAM MA 024511411 223234975 501(C)(3) 533000 0 NOT APPLICABLE NOT APPLICABLE ABUSE TREATMENT MASS MEDICAL BENEVOLENT SOC 860 WINTER ST WALTHAM MA 024511411 237089741 501(C)(3) 100000 0 NOT APPLICABLE NOT APPLICABLE FINANCIAL RELIEF MASS MEDICAL SOCIETY ALLIANCE 860 WINTER ST WALTHAM MA 024511411 237055291 501(C)(6) 25000 0 NOT APPLICABLE NOT APPLICABLE HEALTH EDUCATION MARCH OF DIMES 112 TURNPIKE RD WESTBORO MA 01581 131846366 501(C)(3) 10000 0 NOT APPLICABLE NOT APPLICABLE INFANT HEALTH MASS INSIGHT CORPORATION 18 TREMONT ST BOSTON MA 02108 043061465 501(C)(3) 15000 0 NOT APPLICABLE NOT APPLICABLE EDUCATION NORFOLK SOUTH DISTRICT MED SOCIETY 10 RIVERSIDE DR LAKEVILLE MA 02347 237206114 501(C)(6) 10000 0 NOT APPLICABLE NOT APPLICABLE HEALTH & EDUCATION 5 2 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 436623 0 68464 0 16500 0 33847 0 22424 0 577858 0 0 0 JOHN W BURNS VICE PRESIDENT, FINANCE 245880 0 19660 0 17500 0 26013 0 22084 0 331137 0 0 0 CHRISTOPHER R LYNCH VICE PRESIDENT, PUBLISHING 358856 0 35817 0 0 0 32770 0 29950 0 457393 0 0 0 JEFFERY M DRAZEN MD EDITOR-IN-CHIEF 559445 0 56525 0 17500 0 46811 0 23697 0 703978 0 0 0 JONATHAN ADLER MD CLINICAL STRATEGY EDITOR 336489 0 4650 0 0 0 28909 0 27505 0 397553 0 0 0 CHARLES ALAGERO VICE PRESIDENT/GENERAL COUNSEL 280175 0 40644 0 0 0 25216 0 29110 0 375145 0 0 0 EDWARD W CAMPION MD EXECUTIVE EDITOR 320892 0 5650 0 0 0 33321 0 29943 0 389806 0 0 0 GREGORY D CURFMAN MD EXECUTIVE EDITOR 461577 0 5650 0 16500 0 30514 0 21694 0 535935 0 0 0 ARTHUR P WILSCHEK EXECUTIVE DIRECTOR, GLOBAL SALES 317843 0 650 0 0 0 26721 0 28939 0 374153 0 0 0 VANESSA P KENEALY SEE BELOW 28586 SEE BELOW 0 PHYSICIAN'S INSURANCE AGENCY OF MASSACHUSETTS INC SEE BELOW 681827 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, RICHARD PIETERS, M.D. IS MARRIED TO MMS TRUSTEE, EDITH JOLIN, M.D. IMMEDIATE PAST PRESIDENT AND TRUSTEE, RONALD DUNLOP, M.D. AND MARYANNE BOMBAUGH, M.D. SERVE ON THE BOARD OF COVERYS. 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 2015 IS THE LAST YEAR FOR WHICH HONORARIA REVIEWS WERE CONDUCTED FOR OFFICER POSITIONS. 2015 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 3,780,338. CONTRACT EDITORS 2,024,861. CONTRACT LABOR 1,002,756. EDITOR FEES 813,167. CONTRACT SERVICES (MARKETING) 62,740. EDITORIAL WRITERS 175,552. CONFERENCE CENTER MGMT. AND ADMIN. FEES 332,451. PROMOTIONS 1,101,483. AUTHOR FEES 48,610. CONTRACT SERVICES 456,735. CONSULTANTS/CONTRACT SERVICES (PRODUCT SUPPORT) 1,949,079. FORM 990, PART XI, LINE 9: PENSION LIABILITY ADJUSTMENT -9,749,020. CHANGE IN UNREALIZED LOSS ON DERIVATIVE INSTRUMENT 109,366. MMS WINTER STREET LLC 860 WINTER STREET WALTHAM MA 024511411 043384431 PROPERTY DE 5000000 35831599 MASSACHUSETTS MEDICAL SOCIETY MMS LOT 2 LLC 860 WINTER STREET WALTHAM MA 024511411 043500736 PROPERTY DE 784956 11410959 MASSACHUSETTS MEDICAL SOCIETY MASSACHUSETTS MEDICAL SOCIETY CHARITABLE AND EDUCATIONAL FUND 860 WINTER STREET WALTHAM MA 024511411 046075905 MEDICAL STUDENT LOANS MA 501(C)(3) 11, TYPE I MASSACHUSETTS MEDICAL SOCIETY 1 PHYSICIAN HEALTH SERVICES INC 860 WINTER STREET WALTHAM MA 024511411 223234975 OUTREACH SERVICES MA 501(C)(3) 11, TYPE I MASSACHUSETTS MEDICAL SOCIETY 1 MASSACHUSETTS MEDICAL SOCIETY & ALLIANCE CHARITABLE FOUNDATION 860 WINTER STREET WALTHAM MA 024511411 223199614 GRANTMAKING MA 501(C)(3) 11, TYPE I MASSACHUSETTS MEDICAL SOCIETY 1 PHYSICIAN'S INSURANCE AGENCY OF MASSACHUSETTS INC 860 WINTER STREET WALTHAM MA 024511411 043135954 INSURANCE MA N/A C 2352641 4888300 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 78381 FAIR MARKET VALUE PHYSICIAN'S INSURANCE AGENCY OF MASSACHUSETTS INC O 188204 COST PHYSICIAN'S INSURANCE AGENCY OF MASSACHUSETTS INC Q 415242 COST MASSACHUSETTS MEDICAL SOCIETY CHARITABLE AND EDUCATIONAL FUND A 141075 PROMISSORY NOTE MASSACHUSETTS MEDICAL SOCIETY CHARITABLE AND EDUCATIONAL FUND D 5112177 PROMISSORY NOTE MASSACHUSETTS MEDICAL SOCIETY CHARITABLE AND EDUCATIONAL FUND R 500000 PROMISSORY NOTE MASSACHUSETTS MEDICAL SOCIETY CHARITABLE AND EDUCATIONAL FUND S 609500 PROMISSORY NOTE PHYSICIAN HEALTH SERVICES INC B 533000 FAIR MARKET VALUE MASSACHUSETTS MEDICAL SOCIETY AND ALLIANCE CHARITABLE FOUNDATION B 185500 FAIR MARKET VALUE PHYSICIAN HEALTH SERVICES INC Q 332222 COST