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Massachusetts Medical Benevolent Society

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 237089741 ✦ Waltham, MA ✦ Designated as a 501(c)(3)

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Overview

What is Massachusetts Medical Benevolent Society?

Massachusetts Medical Benevolent Society, established in March 1857, is a not-for-profit organization based in Waltham, Massachusetts. The primary purpose of this society is to extend financial and other forms of assistance to individuals within the medical profession who are facing hardships. Professionally trained social workers assess the need for assistance on a case-by-case basis, taking into account the unique circumstances that led to the request. The Massachusetts Medical Benevolent Society aims to support medical professionals and their families during personal, professional, or financial crises, offering time-limited financial aid to help them overcome these challenges and maintain their potential in the medical field and the community.

Is Massachusetts Medical Benevolent Society legitimate?

Massachusetts Medical Benevolent Society is a legitimate nonprofit organization registered as a 501(c)(3) entity. Massachusetts Medical Benevolent Society submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of Massachusetts Medical Benevolent Society?

The Massachusetts Medical Benevolent Society, established in 1857, serves as a not-for-profit organization providing financial aid to members of the medical profession, their widows, and their children. The mission of this organization is to support the recovery and rehabilitation of these individuals from personal, professional, or financial crises. The Society accomplishes this by offering time-targeted financial assistance. The Society's collegial outreach helps maintain the potential of medical professionals as valuable members of their profession and community.

What is the revenue of Massachusetts Medical Benevolent Society?

Massachusetts Medical Benevolent Society's revenue in 2024 was $412,957.

Who are the executives of Massachusetts Medical Benevolent Society and what are their salaries?

Here are 13 key members and their salaries:


Ronald W Dunlap Md (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Marilyn Price Md (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dean Nicastro Esq (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Matt Hitron Md (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
M Donna Younger Md (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Marcia Franklin Md (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Charles A Welch Md (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mark A Rockoff Md (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Amy E Vinson Md (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dennis Dimitri Md (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Donna Norris Md (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dania Ali-Ahmad Md (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lisa I Iezzoni Md (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Massachusetts Medical Benevolent Society?

Massachusetts Medical Benevolent Society's most recent form 990 was submitted in 2024 and can be accessed here.

Mission Statement of Massachusetts Medical Benevolent Society

The Massachusetts Medical Benevolent Society, established in March 1857, is a not-for-profit organization with a mission to assist members of the medical profession, their widows, and their children. The society's primary goal is to support the recovery and rehabilitation of Massachusetts physicians and their families during personal, professional, or financial crises. By providing time-limited financial assistance, the Massachusetts Medical Benevolent Society aims to help these individuals maintain their professional potential and contributions to their community. The society's collegial outreach further strengthens the medical family's resilience during challenging times, enabling them to continue their valuable roles in the medical field.

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Impact




October, 2024

The Massachusetts Medical Benevolent Society has a significant impact by providing essential financial assistance to members of the medical profession, as well as their families, during times of personal, professional, or financial crisis. Established in 1857, the organization addresses the varying needs of healthcare professionals through a structured assessment process conducted by professional social workers. This ensures that assistance is tailored to individual circumstances and determined based on genuine need.

By offering direct support, the Society plays a pivotal role in the recovery and rehabilitation of physicians and their families. Its mission fosters resilience within the medical community, enabling members to navigate challenges while remaining valued contributors to their profession and society. Furthermore, the societal outreach component helps build a supportive network that strengthens the bonds among healthcare professionals, enhancing their ability to maintain both personal health and professional excellence. In essence, the Massachusetts Medical Benevolent Society is a critical resource for safeguarding the well-being of those who dedicate their lives to the health of others.




This information is meant to be a general summary of Massachusetts Medical Benevolent Society. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$412,957 (2024)
Expenses
$161,708 (2024)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2024.

  • Investment Income: $160,653
  • Gross Receipts: $1,268,998

Assets and Liabilities:

  • Total Assets: $6,351,421
  • Total Liabilities: $16,270
  • Net Assets: $6,335,151

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Organization Details

Founding Year

1857

Principal Officer

Mark A Rockoff Md

NTEE Category

Code: E00J - Health

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