Overview
What is Council Of Medical Specialty Societies?
The Council of Medical Specialty Societies (CMSS) is a nonprofit organization situated in Chicago, Illinois. Its primary role is to serve as a collaborative platform for various medical specialty societies, aiming to shape the future of healthcare and medical education. By fostering unity, CMSS aims to impact the US healthcare system and contribute positively to public health. The organization supports and strengthens its member societies, facilitating their ability to tackle upcoming challenges. CMSS also promotes improvement through collaborative efforts, collective action, and a proactive platform that addresses emerging issues across specialties, ultimately benefiting the patients they serve. With a modest workforce of three individuals, CMSS strives to make a significant impact in the healthcare sector.
Official website here: www.cmss.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 95%, Four-Star out of Four Star rating.
The Council of Medical Specialty Societies has received a strong 95% rating, reflecting excellent performance in accountability and finance. This high score is solely based on accountability, showcasing the organization's commitment to transparency and responsible management of resources. The organization has a fully independent board, which is a positive indicator of governance and oversight.
Strengths highlighted in the evaluation include a complete absence of material diversion of assets and full compliance with policies related to conflict of interest and whistleblowing. Additionally, the organization effectively handles its financial statements, as evidenced by a perfect score from the audit and oversight committee. The program expense ratio of 74.11% indicates that a significant portion of its expenses is directed towards its programs.
While the organization demonstrates strong financial health and governance practices, the liabilities to assets ratio of 50.84% suggests that it maintains a moderate level of liabilities. Nonetheless, this does not detract from the overall positive assessment of the Council of Medical Specialty Societies as a well-managed nonprofit.
This AI summary has been generated from information found on Charity Navigator.
Is Council Of Medical Specialty Societies legitimate?
Council Of Medical Specialty Societies is a legitimate nonprofit organization registered as a 501(c)(3) entity. Council Of Medical Specialty Societies 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: $585,511
Professional Fundraising Fees: $0
Other Salaries and Wages: $230,819
For more financial information, click here
Official website here: www.cmss.org
What is the mission statement of Council Of Medical Specialty Societies?
The Council of Medical Specialty Societies' mission is focused on supporting and strengthening its member societies to overcome future challenges. They aim to drive improvement by fostering collaboration, collective action, and a unified voice across various medical specialties. The council serves as a proactive platform, assessing and addressing emerging and critical issues that impact the future of healthcare and the patients these societies serve.
Official website here: www.cmss.org
Who is the CEO of Council Of Medical Specialty Societies?
Helen Burstin Md is the President of Council Of Medical Specialty Societies. The CEO's salary of Council Of Medical Specialty Societies is $571,786 and their total compensation is $585,511.
Official website here: www.cmss.org
What is the revenue of Council Of Medical Specialty Societies?
Council Of Medical Specialty Societies's revenue in 2022 was $5,516,538.
Official website here: www.cmss.org
Who are the executives of Council Of Medical Specialty Societies and what are their salaries?
The average compensation at Council Of Medical Specialty Societies during 2022 was $272,110. There are 3 employees and 25 volunteers at Council Of Medical Specialty Societies.
Here are 12 key members and their salaries (Council Of Medical Specialty Societies's CEO's salary is $571,786 and their total compensation is $585,511):
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- Compensation: $571,786
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- Other: $13,725
- Compensation: $145,819
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- Other: $6,818
Official website here: www.cmss.org
Where can I find the form 990 for Council Of Medical Specialty Societies?
Council Of Medical Specialty Societies's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.cmss.org
Learn more at the official website: www.cmss.org
Mission Statement of Council Of Medical Specialty Societies
The Council of Medical Specialty Societies, a renowned organization, is dedicated to supporting and strengthening its member societies in order to confront future challenges. By fostering convening, collaboration, and collective action across various medical specialties, the Council aims to catalyze improvement and serve as a proactive platform for addressing emerging and critical issues that impact the future of healthcare and the patients they serve. The Council's mission is twofold: firstly, it supports and strengthens member societies to tackle future challenges, and secondly, it promotes improvement through collaboration, collective voice, and action across different medical specialties. This proactive approach allows the Council to assess and address critical issues that influence the future of healthcare and the patients they serve.
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Impact
October, 2024
The Council of Medical Specialty Societies (CMSS) significantly impacts healthcare by fostering collaboration among various medical specialty societies, enabling them to tackle future challenges collectively. By serving as a unified voice, CMSS strengthens its member societies, ensuring that diverse perspectives contribute to shaping medical education, accreditation, and healthcare policies.
Through convening experts and facilitating dialogue, CMSS catalyzes improvements that can directly enhance patient care and address critical issues affecting specialty societies. This proactive platform allows for timely assessment and responses to emerging trends, ensuring that the healthcare system evolves in line with the needs of both practitioners and patients.
By advocating for collective action, CMSS plays an essential role in influencing the future of healthcare, driving initiatives that not only uplift the medical community but also prioritize the health and wellbeing of the public it serves.
This information is meant to be a general summary of Council Of Medical Specialty Societies. 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $16,766
- Program Service Revenue: $1,834,256
- Gross Receipts: $5,786,956
Assets and Liabilities:
- Total Assets: $4,541,583
- Total Liabilities: $2,309,393
- Net Assets: $2,232,190
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Membership Dues
Revenue
$1,267,716
Programs service fees
Revenue
$428,429
Meetings
Revenue
$138,111
Organization Details
Founding Year
1975
Phone
(312) 202-5921Principal Officer
Helen Burstin Md
Main Address
633 N St Clair Street 2400, Chicago, IL, 60611
Website
www.cmss.orgNTEE Category
Code: B54C - Education
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