American Academy Of Osteopathy
- Assets
- $3.2m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 6
- Location
- Indianapolis, IN
- Founding
- 04/1949
- Data as of
- 07/2022
- EIN
- 06-0719100
Organization Overview
American Academy Of Osteopathy is located in Indianapolis, IN. The organization was established in 1949. As of 07/2023, American Academy Of Osteopathy employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Academy Of Osteopathy is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 07/2022, American Academy Of Osteopathy generated $1.4m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.3%) each year. All expenses for the organization totaled $1.4m during the year ending 07/2022. As we would expect to see with falling revenues, expenses have declined by (1.9%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO TEACH, ADVOCATE, AND RESEARCH THE SCIENCE, ART AND PHILOSOPHY OF OSTEOPATHIC MEDICINE
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION - THE ACADEMY PROVIDES FOR THE CONTINUING PROFESSIONAL DEVELOPMENT AND PRACTICE DEMANDS OF THE OSTEOPATHIC INDUSTRY THROUGH VARIOUS COURSES AND SEMINARS INCLUDING A CONVOCATION AND CONVENTION. ALL INCOME FROM EDUCATION PROGRAMS IS RECOGNIZED WHEN THE PROGRAM IS HELD.
FOR A RESEARCH STUDY TITLED PATIENT-REPORTED ADVERSE EVENTS FROM OSTEOPATHIC MANIPULATIVE TREATMENT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard G Schuster DO President | OfficerTrustee | 1 | $0 |
Millicent King Channell DO Faao President - Elect | OfficerTrustee | 1 | $0 |
Dennis J Dowling DO MA Faao Sec - Treas | OfficerTrustee | 1 | $0 |
Paul R Rennie DO Faao Immediate Past President | OfficerTrustee | 1 | $0 |
Stefan Hagopian DO Faao Trustee | Trustee | 1 | $0 |
Kurt P Heinking DO Faao Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $41,380 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $41,380 |
| Total Program Service Revenue | $1,210,658 |
| Investment income | $70,251 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $344 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,380,065 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $20,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $134,460 |
| Compensation of current officers, directors, key employees. | $53,801 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $184,132 |
| Pension plan accruals and contributions | $7,197 |
| Other employee benefits | $43,533 |
| Payroll taxes | $19,234 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $11,459 |
| Fees for services: Other | $174,921 |
| Advertising and promotion | $0 |
| Office expenses | $48,065 |
| Information technology | $230,684 |
| Royalties | $0 |
| Occupancy | $101,034 |
| Travel | $29,818 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $227,011 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $31,326 |
| Insurance | $9,126 |
| All other expenses | $23,315 |
| Total functional expenses | $1,386,655 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $82,878 |
| Savings and temporary cash investments | $264,203 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,420 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $16,747 |
| Prepaid expenses and deferred charges | $127,320 |
| Net Land, buildings, and equipment | $55,907 |
| Investments—publicly traded securities | $2,652,225 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $35,133 |
| Total assets | $3,237,833 |
| Accounts payable and accrued expenses | $105,769 |
| Grants payable | $0 |
| Deferred revenue | $272,715 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $26,218 |
| Total liabilities | $404,702 |
| Net assets without donor restrictions | $540,998 |
| Net assets with donor restrictions | $2,292,133 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $3,237,833 |
Grants Awarded
Over the last fiscal year, American Academy Of Osteopathy has awarded $20,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
BURRELL COLLEGE OF OSTEOPATHIC MEDICINE PURPOSE: OPTIMIZATION OF SPLENIC PUMP TO INDUCE TRANSLOCATION OF IMMUNE CELLS FROM THE SPLEEN TO THE SYSTEMIC CIRCULATION. | $10,000 |
WESTERN UNIVERSITY OF HEALTH SCIENCES PURPOSE: AUGMENTATION OF IMMUNE RESPONSE TO COVID-19 MRNA VACCINATION THROUGH OSTEOPATHIC MANIPULATIVE TREATMENT INCLUDING LYMPHATIC PUMPS. | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Academy Of Pediatric Dentistry Foundation Chicago, IL | $18,461,594 | $1,411,043 |
American Academy Of Osteopathy Indianapolis, IN | $3,237,833 | $1,380,065 |
American Board Of Nuclear Medicine Inc St Louis, MO | $4,180,556 | $1,029,915 |
American College Of Prosthodontists Education Foundation Rosemont, IL | $8,618,316 | $634,012 |
Indiana Psychiatric Society Indianapolis, IN | $177,889 | $0 |
Springfield Dental Foundation Springfield, MO | $28,911 | $0 |
American Academy Of Clinical Psychiatrists Kohler, WI | $300,367 | $55,210 |
American Endodontic Society Glen Ellyn, IL | $0 | $0 |