American Academy Of Family Physicians
- Assets
- $504.9k
- Revenue
- $237.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Bloomfield, CT
- Founding
- 02/1950
- Data as of
- 12/2023
- EIN
- 06-6048373
Organization Overview
American Academy Of Family Physicians is located in Bloomfield, CT. The organization was established in 1950. According to its NTEE Classification (E03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Health Care and related organizations. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. American Academy Of Family Physicians is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2023, American Academy Of Family Physicians generated $237.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (26.3%) each year. All expenses for the organization totaled $288.5k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (25.9%) per year over the past 4 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE EXCELLENCE IN HEALTH CARE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ANNUAL SYMPOSIUM: DISSEMINATED INFORMATION ON CURRENT DEVELOPMENTS IN FAMILY MEDICINE AND OPPORTUNITY FOR MEMBERS TO MEET AND EXCHANGE IDEAS.
MEETINGS, SEMINARS, WORKSHOPS AND SELF ASSESSED HOME STUDY PROGRAMS: PROVIDED FOR THE CONTINUING EDUCATION OF FAMILY PHYSICIANS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Yadira Acevedo MD President | OfficerTrustee | 0.5 | $0 |
Khuram Ghumman MD President Elect | OfficerTrustee | 0.5 | $0 |
Edmund Kim MD Treasurer | OfficerTrustee | 0.5 | $0 |
Sachin Parekh MD Secretary | OfficerTrustee | 0.5 | $0 |
Kathy Mueller MD Immediate Past President | OfficerTrustee | 0.5 | $0 |
Emmanuel Kenta-Bibi MD Past President At Large | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $12,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $33,250 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $45,250 |
| Total Program Service Revenue | $223,487 |
| Investment income | $11,684 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$40,268 |
| Net Income from Fundraising Events | -$8,048 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $237,501 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,474 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $113,500 |
| Advertising and promotion | $0 |
| Office expenses | $2,684 |
| Information technology | $391 |
| Royalties | $0 |
| Occupancy | $1,020 |
| Travel | $859 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $99,112 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,505 |
| All other expenses | $6,426 |
| Total functional expenses | $288,510 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $23,934 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $860 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $337,619 |
| Investments—other securities | $0 |
| Investments—program-related | $142,438 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $504,851 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $40,070 |
| 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 | $0 |
| Total liabilities | $40,070 |
| Net assets without donor restrictions | $464,781 |
| Net assets with donor restrictions | $0 |
| 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 | $504,851 |