Illinois State Medical Society

“Isms membership in 2024 was 7,546 which included the following categories: regular members, emeritus members, retired members, service members, distinguished members, in training members, student members, group members and part-time members.”

“The duties of the isms board of trustees are both executive and custodial the isms board implements mandates from membership. Except for matters concerning property or finance. The board of trustess is authorized to act on behalf of isms between annual meetings. The board of trustees reports its actions and activities to membership.”

“The 2024 irs form 990 was presented by the isms chief legal officer and chief financial officer to the isms board of trustees at its october 25, 2025 meeting. Copies of the form 990 and handouts were made available for the board members during the meeting and presentation.”

“Each year at the june meeting of the isms board of trustee's the isms chief compliance officer presents a review of the principles of law and isms policies regarding conflicts of interest. The isms conflict of interest policy is distributed and each trustee and officer signs and acknowledges the policy. The isms staff annually sign an acknowledgement of the conflict of interest policy and complete a conflict of interest disclosure form. The chief compliance officer is charged with monitoring the conflicts of interest issues as they arise throughout the year.”

“The isms compensation committee is composed of the chair of the board and two board of trustees designees. A compensation consultant is retained to assist in the review of any compensation for a member of the board of trustees.”

“The isms compensation committee is composed of the chair of the board and two board of trustees designees. A compensation consultant is retained to assist in the review of any compensation for a member of the board of trustees, officers and all staff above the vice president level including the ceo and senior staff.”

“The isms organizations governing documents and conflict of interest statement are made available to isms members upon request. The isms financial statements are provided to members upon a determination of a proper purpose as defined by the illinois not for profit statutes.”

“INVESTMENT SERVICES Credit Card fees - Total Expense: 52746, Program Service Expense: 52746, Management and General Expenses: , Fundraising Expenses: ; OUTSIDE SERVICES - Total Expense: 209399, Program Service Expense: 2839, Management and General Expenses: 206560, Fundraising Expenses: ; PROFESSIONAL TECHNICAL - Total Expense: 132619, Program Service Expense: 132103, Management and General Expenses: 516, Fundraising Expenses: ; LICENSE/FEES - Total Expense: 21, Program Service Expense: 11, Management and General Expenses: 10, Fundraising Expenses: ; INVESTMENT SERVICES Bank Fees - Total Expense: 807, Program Service Expense: , Management and General Expenses: 807, Fundraising Expenses: ; CONSULTING - Total Expense: 36129, Program Service Expense: , Management and General Expenses: 36129, Fundraising Expenses: ; INVESTMENT SERVICES Custodial Fees - Total Expense: 8425, Program Service Expense: , Management and General Expenses: 8425, Fundraising Expenses: ;”

“The illinois state medical society is a professional organization that represents and unifies its physician members as they practice the science and art of medicine. The society represents the interests of member physicians, advocates for patients and promotes the doctor/patient relationship, the ethical practice of medicine, and the betterment of the public health.”