Academy Of Medicine Of Brooklyn Inc
- Assets
- $2.6m
- Revenue
- $70.4k
- Investments
- $1.7m
- Employees
- 0
- Location
- Brooklyn, NY
- Founding
- 07/1960
- Data as of
- 12/2021
- 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 12/2021, Academy Of Medicine Of Brooklyn Inc generated $70.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (10.9%) each year. All expenses for the organization totaled $32.3k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (13.6%) per year over the past 7 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
2021
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sherman Dunndo Vice Chair | OfficerTrustee | $0 | |
Lee E Loewinger MD Immediate Pa | OfficerTrustee | $0 | |
Lisa Eng DO Chair | OfficerTrustee | $0 | |
Niraj N Acharya MD Treasurer | OfficerTrustee | $0 | |
Prasad R Gudvalli MD President El | Officer | $0 | |
Pardha S Valluru MD President | Officer | $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 | $12,600 |
| Investment income | $15,649 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $23,976 |
| Net Gain/Loss on Asset Sales | $18,158 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $70,383 |
| 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 | $3,375 |
| 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 | $494 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $15,190 |
| Insurance | $536 |
| All other expenses | $955 |
| Total functional expenses | $32,288 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $34,669 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,825 |
| 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 | $870,255 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,742,699 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,649,448 |
| 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 | $262,512 |
| Total liabilities | $262,512 |
| Net assets without donor restrictions | $2,104,695 |
| 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 | $2,649,448 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Academy Of Medicine Of Brooklyn Inc has recieved totaling $600.
| Awarding Organization | Amount |
|---|---|
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: PROGRAM/OPERATING SUPPORT | $600 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Associated Medical Schools Of New York New York, NY | $3,460,503 | $3,960,452 |
Pennsylvania Academy Of Family Physicians Foundation Harrisburg, PA | $496,377 | $1,343,074 |
The Elmezzi Graduate School Of Molecular Medicine Westbury, NY | $0 | $0 |
Albany Medical College Alumni Association Inc Albany, NY | $7,107,404 | $658,627 |
Academy Of Medicine Of Queens County Inc Forest Hills, NY | $1,732,761 | $433,362 |
State University Of New York Downstate Medical Center Tr Alu Pittsburgh, PA | $2,952,778 | $195,965 |
Rochester Academy Of Medicine Rochester, NY | $801,076 | $335,226 |
Nassau Academy Of Medicine Garden City, NY | $6,686,714 | $204,140 |
Westchester Academy Of Medicine Valhalla, NY | $1,876,340 | $109,445 |
Suffolk Academy Of Medicine Patchogue, NY | $24,375 | $0 |
Health Occupations Students Of America Wernersville, PA | $162,304 | $0 |
Psychodynamic Couple And Family Institute Of New England Inc Needham, MA | $56,793 | $0 |