American College Of Physicians Inc
- Assets
- $191.3m
- Revenue
- $88.2m
- Investments
- $0.0
- Employees
- 334
- Location
- Philadelphia, PA
- Founding
- 12/1977
- Data as of
- 06/2022
- EIN
- 23-1520302
Organization Overview
American College Of Physicians Inc is located in Philadelphia, PA. The organization was established in 1977. According to its NTEE Classification (E03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Health Care and related organizations. As of 06/2022, American College Of Physicians Inc employed 334 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. American College Of Physicians 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 06/2022, American College Of Physicians Inc generated $88.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.6% each year. All expenses for the organization totaled $79.7m during the year ending 06/2022. While expenses have increased by 0.5% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE AMERICAN COLLEGE OF PHYSICIANS (ACP) IS A NATIONAL ORGANIZATION OF INTERNISTS - PHYSICIANS WHO SPECIALIZE IN THE PREVENTION, DETECTION AND TREATMENT (CONTINUED ON SCHEDULE O)
Describe the Organization's Program Activity:
EDUCATION & INFORMATION: ACP PROVIDES EVIDENCE-BASED EDUCATIONAL RESOURCES FOR PHYSICIANS AND OFFERS MANY CONTINUING MEDICAL EDUCATION OPPORTUNITIES. ACP'S ANNUAL SCIENTIFIC MEETING, INTERNAL MEDICINE 2021, WAS CONDUCTED REMOTELY AND WAS SUCCESSFUL, IN APRIL DUE TO THE COVID PANDEMIC. A PLANNED HYBRID (REMOTE/IN-PERSON) MEETING WAS SUCCESSFUL FOR 2022 IN CHICAGO. APPROXIMATELY 6,000 PHYSICIANS ATTEND THIS MEETING IN PERSON. (CONTINUED ON SCHEDULE O)
ADVOCACY & PUBLIC POLICY; OTHER PROGRAMS
JOURNALS AND PUBLICATIONS: ACP PUBLISHES ANNALS OF INTERNAL MEDICINE TWICE MONTHLY, THE TOP PEER-REVIEWED INTERNAL MEDICINE JOURNAL IN THE WORLD. ACP JOURNAL CLUB SUMMARIZES THE MOST IMPORTANT MEDICAL ARTICLES FROM MORE THAN 100 JOURNALS. ACP INTERNIST IS AN AWARD-WINNING SEMI-MONTHLY NEWSPAPER FOR INTERNISTS, WHILE ACP HOSPITALIST IS WRITTEN FOR INTERNISTS IN HOSPITAL PRACTICE.
MEMBERSHIP: WITH 159,000 MEMBERS, ACP IS THE LARGEST MEDICAL SPECIALTY ORGANIZATION AND SECOND-LARGEST PHYSICIAN GROUP IN THE U.S. LEVELS OF ACP MEMBERSHIP ARE MEDICAL STUDENT, RESIDENT FELLOW, MEMBER, FELLOW ("FACP"), HONORARY FELLOW, AND MASTER ("MACP"). FELLOWSHIP RECOGNIZES PHYSICIANS' PERSONAL ACHIEVEMENTS IN INTERNAL MEDICINE. ACP MASTERS ARE SELECTED FOR OUTSTANDING CONTRIBUTIONS TO MEDICINE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Darilyn Moyer Chief Executive Officer, Evp | Officer | 35 | $813,027 |
Christine Laine MD Editor-In-Chief, SVP | Officer | 35 | $633,178 |
Wayne Bylsma PHD Chief Operating Officer | Officer | 35 | $481,725 |
Michael Weis MBA Chief Financial Officer | Officer | 35 | $397,035 |
Davoren Chick MD Chief Learning Officer, SVP | 35 | $414,629 | |
Amir Qaseem MD Chief Science Officer, SVP | 35 | $382,933 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Quad Graphics Inc Digital & Print Svcs | 6/29/22 | $1,554,047 |
Freeman Expo Decorating Convention Services | 6/29/22 | $1,123,352 |
Able Building Manintence Janitorial Services | 6/29/22 | $818,455 |
Blackrock Instutional Trust Investment Mgmt | 6/29/22 | $754,665 |
Br Printers Dba Cjk Printing Graphic Sev | 6/29/22 | $776,479 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $25,980,208 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $6,416,510 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,332,769 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $33,729,487 |
| Total Program Service Revenue | $45,271,956 |
| Investment income | $2,258,896 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $5,359,179 |
| Net Rental Income | -$21,468 |
| Net Gain/Loss on Asset Sales | $755,401 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $88,236,745 |
| 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. | $6,972,280 |
| Compensation of current officers, directors, key employees. | $3,957,714 |
| Compensation to disqualified persons | $26,798,437 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $2,038,168 |
| Other employee benefits | $5,938,790 |
| Payroll taxes | $2,204,025 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $36,590 |
| Fees for services: Accounting | $228,238 |
| Fees for services: Lobbying | $519,202 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,299,852 |
| Fees for services: Other | $3,148,947 |
| Advertising and promotion | $42,874 |
| Office expenses | $273,656 |
| Information technology | $12,000 |
| Royalties | $0 |
| Occupancy | $3,275,677 |
| Travel | $717,446 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,249,776 |
| Interest | $223,118 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,539,676 |
| Insurance | $196,586 |
| All other expenses | $4,773,989 |
| Total functional expenses | $79,666,812 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $8,714,654 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $7,480,663 |
| 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 | $38,262,089 |
| Investments—publicly traded securities | $124,526,306 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $12,337,835 |
| Total assets | $191,321,547 |
| Accounts payable and accrued expenses | $10,135,492 |
| Grants payable | $0 |
| Deferred revenue | $22,046,111 |
| Tax-exempt bond liabilities | $6,588,995 |
| 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 | $30,255,351 |
| Total liabilities | $69,025,949 |
| Net assets without donor restrictions | $122,295,598 |
| 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 | $191,321,547 |