Academy Of Medicine Of Brooklyn Inc
- Assets
- $2.6m
- Revenue
- $209.9k
- Investments
- $1.8m
- Employees
- 0
- Location
- Brooklyn, NY
- Founding
- 07/1960
- Data as of
- 12/2023
- EIN
- 11-1987798
Organization Overview
Academy Of Medicine Of Brooklyn Inc is located in Brooklyn, NY. The organization was established in 1960. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Academy Of Medicine Of Brooklyn Inc 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 12/2023, Academy Of Medicine Of Brooklyn Inc generated $209.9k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 12.6% each year . All expenses for the organization totaled $53.8k during the year ending 12/2023. 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 ENHANCE CONTINUING MEDICAL EDUCATION FOR DOCTORS, NURSES & OTHER RELATED MEDICAL PERSONNEL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO ENHANCE CONTINUING MEDICAL EDUCATION FOR DOCTORS, NURSES & OTHER RELATED MEDICAL PERSONNEL.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sherman Dunndo Chair | OfficerTrustee | $0 | |
Ronald Solomon MD President | OfficerTrustee | $0 | |
Madhu R Gudvalli MD Immediate Pa | OfficerTrustee | $0 | |
San San Winn Secretary | OfficerTrustee | $0 | |
Alfred Leong MD Vice Preside | OfficerTrustee | $0 | |
Niraj N Acharya MD Treasurer | OfficerTrustee | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $23,727 |
| Investment income | $21,826 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $6,510 |
| Net Gain/Loss on Asset Sales | $153,836 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $209,899 |
| 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 | $2,700 |
| Fees for services: Accounting | $2,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $22,409 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $15,190 |
| Insurance | $2,915 |
| All other expenses | $1,186 |
| Total functional expenses | $53,787 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,411 |
| 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 | $0 |
| Net Land, buildings, and equipment | $839,875 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,787,757 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,639,043 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $260,712 |
| Total liabilities | $260,712 |
| Net assets without donor restrictions | $2,096,090 |
| Net assets with donor restrictions | $282,241 |
| 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 | $2,639,043 |