California Medical Association Properties Inc

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

EIN: 946062821 ✦ Sacramento, CA ✦ Designated as a 501(c)(2)

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Overview

What is California Medical Association Properties Inc?

California Medical Association Properties Inc. is a nonprofit organization, headquartered in Sacramento, California. Their primary role is to manage and invest funds on behalf of the California Medical Association, a fellow nonprofit entity. This financial support aids in funding various programs and services provided by the California Medical Association to its members. The California Medical Association Properties Inc. operates under the Internal Revenue Service's 501(c)(2) provision, which allows them to hold and invest funds for a 501(c)(3) organization.

Is California Medical Association Properties Inc legitimate?

California Medical Association Properties Inc is a legitimate nonprofit organization registered as a 501(c)(2) entity. California Medical Association Properties Inc 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 California Medical Association Properties Inc?

California Medical Association Properties Inc. is primarily tasked with managing and investing funds on behalf of the California Medical Association, a non-profit organization. Its main objective is to utilize these funds to support the programs and services offered by the California Medical Association to its members. In 2022, as per the provided information, CMA Properties provided general funds to the California Medical Association for this purpose. The organization operates under the provisions of IRS 501(c)(2), indicating its non-profit status.

Who is the CEO of California Medical Association Properties Inc?

Lance R Lewis is the Secretary Treasurer of California Medical Association Properties Inc.

What is the revenue of California Medical Association Properties Inc?

California Medical Association Properties Inc's revenue in 2022 was $7,007,562.

Who are the executives of California Medical Association Properties Inc and what are their salaries?

There 8 volunteers at California Medical Association Properties Inc.


Here are 11 key members and their salaries:


Dustin E Corcoran (Secretary Treasurer)
  • Compensation: $0
  • Related: $1,164,095
  • Other: $105,582
Lance R Lewis (Chief Financial Officer)
  • Compensation: $0
  • Related: $573,659
  • Other: $105,582
Jamie Ostroff (Assistant Secretary General Counsel)
  • Compensation: $0
  • Related: $387,114
  • Other: $14,715
Robert E Wailes Md (Immediate Past President Through Oct 2023)
  • Compensation: $0
  • Related: $139,208
  • Other: $0
Donaldo Hernandez Md (President)
  • Compensation: $0
  • Related: $131,348
  • Other: $0
Tanya W Spirtos Md (President-Elect)
  • Compensation: $0
  • Related: $64,704
  • Other: $0
Shannon Udovic-Constant Md (Chair Board Of Trustees)
  • Compensation: $0
  • Related: $56,933
  • Other: $0
Peter Bretan Md (Immediate Past President Through Oct 2022)
  • Compensation: $0
  • Related: $53,974
  • Other: $0
Sergio R Flores Md (Vice-Chair Board Of Trustees)
  • Compensation: $0
  • Related: $40,242
  • Other: $0
Lawrence C Cheung Md (Vice Speaker House Of Delegates)
  • Compensation: $0
  • Related: $5,659
  • Other: $0
Jack Chou Md (Speaker House Of Delegates)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for California Medical Association Properties Inc?

California Medical Association Properties Inc's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of California Medical Association Properties Inc

California Medical Association Properties Inc, as a non-profit corporation, is dedicated to fulfilling a unique mission. Its primary role is to manage and invest funds on behalf of the California Medical Association, a not-for-profit organization. By adhering to the IRS 501(c)(2) provision, California Medical Association Properties Inc plays a significant role in supporting the programs and services provided by the California Medical Association to its members. In 2022, the organization demonstrated its commitment to this mission by providing general funds to the California Medical Association, furthering their shared goals and objectives.

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Impact




October, 2024

California Medical Association Properties Inc plays a crucial role in supporting the California Medical Association (CMA) by managing and investing funds that enable the CMA to offer essential programs and services to its members. In 2022, CMA Properties provided significant financial resources to the CMA, enhancing its ability to address the needs of healthcare professionals across the state. Based in Sacramento, California, this organization primarily focuses on strategic financial stewardship, ensuring that the CMA can effectively promote community improvement initiatives and advocate for the interests of medical practitioners. By maintaining a stable financial foundation, California Medical Association Properties Inc significantly contributes to the overall effectiveness and sustainability of the CMA's mission.




This information is meant to be a general summary of California Medical Association Properties Inc. 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
$7,007,562 (2022)
Expenses
$2,939,937 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $1,070,885
  • Gross Receipts: $10,737,317

Assets and Liabilities:

  • Total Assets: $21,481,310
  • Total Liabilities: $15,017,252
  • Net Assets: $6,464,058

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Organization Details

Founding Year

1930

Principal Officer

Lance R Lewis

Main Address

1201 K Street Suite 800, Sacramento, CA, 95814

NTEE Category

Code: S47 - Community improvement

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