The Academy Of Medicine Engineering
- Assets
- $21.0m
- Revenue
- $2.8m
- Investments
- $0.0
- Employees
- 0
- Location
- Austin, TX
- Founding
- 09/2004
- Data as of
- 12/2021
- EIN
- 20-1014851
Organization Overview
The Academy Of Medicine Engineering is located in Austin, TX. The organization was established in 2004. According to its NTEE Classification (H03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Medical Research and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Academy Of Medicine Engineering 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 Engineering generated $2.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.3% each year . All expenses for the organization totaled $1.0m during the year ending 12/2021. 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
TAMEST BRINGS THE STATE'S TOP SCIENTIFIC, ACADEMIC AND CORPORATE MINDS TOGETHER TO FURTHER POSITION TEXAS AS A NATIONAL RESEARCH LEADER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE O'DONNELL AWARDS ANNUALLY RECOGNIZE RISING TEXAS RESEARCHERS WHO ARE ADDRESSING THE ESSENTIAL ROLE THAT SCIENCE AND TECHNOLOGY PLAY IN SOCIETY, AND WHOSE WORK MEETS THE HIGHEST STANDARDS OF EXEMPLARY PROFESSIONAL PERFORMANCE, CREATIVITY AND RESOURCEFULNESS. THROUGH THESE AWARDS, TAMEST PROMOTES BROADER AWARENESS OF THE STATE'S TOP ACHIEVERS IN MEDICINE, ENGINEERING AND SCIENCE, AND BUILDS A STRONGER IDENTITY FOR TEXAS AS AN IMPORTANT DESITNATION AND CENTER OF ACHIEVEMENT IN THESE FIELDS. EVERY YEAR, TAMEST RECOGNIZES THESE EMERGING RESEARCHERS AT ITS ANNUAL CONFERENCE.
2021 ANNUAL CONFERENCE: FORWARD TEXAS: COMMUNITY HEALTH AND WELL-BEING. THE 2021 ANNUAL CONFERENCE WAS RESCHEDULED TO JUNE 2022. THE RESCHEDULED CONFERENCE BROUGHT TOGETHER THE RESEARCH COMMUNITY TO IDENTIFY WHAT TEXAS COMMUNITIES NEED IN ORDER TO BE STRONG AND SUCCESSFUL AND TO TAKE THE IMPORTANT OPPORTUNITY TO EXAMINE THE RESPONSE TO THE COVID-19 PANDEMIC AND THE VIRUS'S IMPACT ON THE STATE. AS A RESPONSE TO THE CONFERENCE RESCHEDULING, TAMEST HOSTED A SERIES OF VIRTUAL MEETINGS AND PROGRAMS. THIS INCLUDED THE FORWARD TEXAS DIGITAL SERIES WHICH INCLUDED CONVERSATIONS ON COVID-19 AND COMMUNITY HEALTH. THIS ALLOWED TAMEST TO BEGIN CONVENING ON THE TOPIC WHILE PLANNING FOR THE RESCHEDULED IN-PERSON CONFERENCE IN 2022.
TEXAS DEFENSE/AEROSPACE INNOVATION ECOSYSTEM PROJECT. THE GOAL IS TO DEVELOP A POWERFUL INNOVATION ECOSYSTEM TO SERVE NATIONAL SECURITY NEEDS, WHICH WILL RESULT IN LARGE AMOUNTS OF ADDITIONAL RESEARCH FUNDING, ENTREPRENEURIAL OPPORTUNITY, AND ECONOMIC RETURNS FOR TEXAS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Terrence Henry Executive Dir. | Officer | 40 | $131,383 |
David Daniel President | OfficerTrustee | 1 | $25,000 |
Brendan Lee Vice President | OfficerTrustee | 1 | $0 |
Ganesh Thakur Treasurer | OfficerTrustee | 1 | $0 |
Amelie Ramirez Past President | OfficerTrustee | 1 | $0 |
Helen Piwnica-Worms Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $310,000 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $250,150 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,339,175 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,899,325 |
| Total Program Service Revenue | $600 |
| Investment income | $374,095 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $546,482 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,820,502 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $100,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $15,000 |
| 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 | $16,594 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $12,500 |
| Fees for services: Investment Management | $120,302 |
| Fees for services: Other | $47,139 |
| Advertising and promotion | $5,737 |
| Office expenses | $8,610 |
| Information technology | $22,840 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,271 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $28,875 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,629 |
| All other expenses | $1,830 |
| Total functional expenses | $1,038,900 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $320,314 |
| Savings and temporary cash investments | $348,308 |
| Pledges and grants receivable | $1,277,500 |
| 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 | $129,789 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $18,918,679 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $20,994,590 |
| Accounts payable and accrued expenses | $84,138 |
| Grants payable | $0 |
| Deferred revenue | $23,100 |
| 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 | $107,238 |
| Net assets without donor restrictions | $2,166,532 |
| Net assets with donor restrictions | $18,720,820 |
| 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 | $20,994,590 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that The Academy Of Medicine Engineering has recieved totaling $1,150,100.
| Awarding Organization | Amount |
|---|---|
Odonnell Foundation Dallas, TX PURPOSE: OPERATIONS | $1,150,000 |
Shell Oil Company Foundation Houston, TX PURPOSE: MG | $100 |
Endowment Analysis
| Beg. Balance | $15,628,052 |
| Earnings | $2,116,168 |
| Net Contributions | $1,000 |
| Other Expense | $451,000 |
| Grants | $100,000 |
| Ending Balance | $17,194,220 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American-European Congress Of Ophthalmic Surgery Fort Worth, TX | $1,170,819 | $1,124,473 |
The Academy Of Medicine Engineering Austin, TX | $20,994,590 | $2,820,502 |
Society For Pediatric Research The Woodlands, TX | $4,661,159 | $1,624,970 |
National Neurotrauma Society Inc Houston, TX | $845,469 | $811,461 |
Chromosome 18 Registry And Research Society San Antonio, TX | $221,868 | $564,448 |
Bionorthtexas Foundation Irving, TX | $68,899 | $251,832 |
Texas Society For Biomedical Research Inc San Antonio, TX | $116,036 | $0 |
Arkansas Chiropractic Physicians Association Marion, AR | $89,045 | $0 |
Society For Education And Advancement Of Research In Connect Little Rock, AR | $129,612 | $0 |
Chinese American Pathologists Association Inc Austin, TX | $310,990 | $81,263 |
International Society On Aging And Disease Fort Worth, TX | $234,293 | $254,454 |
Lapin Inc New Orleans, LA | $118,791 | $0 |