Arizona Medical Association Foundation
- Assets
- $148.1k
- Revenue
- $280.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Phoenix, AZ
- Founding
- 08/1968
- Data as of
- 12/2023
- EIN
- 23-7036794
Organization Overview
Arizona Medical Association Foundation is located in Phoenix, AZ. The organization was established in 1968. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Arizona Medical Association Foundation 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, Arizona Medical Association Foundation generated $280.4k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 22.3% each year . All expenses for the organization totaled $239.2k during the year ending 12/2023. While expenses have increased by 19.7% per year over the past 9 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE ARIZONA MEDICAL ASSOCIATION FOUNDATION WAS FORMED FOR THE PURPOSE OF RECEIVING, HOLDING, ADMINISTERING, AND EXPENDING PROPERTY AND FUNDS FOR CHARITABLE, SCIENTIFIC, LITERARY AND/OR EDUCATIONAL PURPOSES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORTED THE CHARITABLE PURPOSES OF THE ARIZONA MEDICAL ASSOCIATION BY PROVIDING LOANS TO MEDICAL STUDENTS, INTERNS, AND RESIDENT PHYSICIANS. DISTRIBUTE GRANT FUNDING TO SUPPORT PRECEPTORS IN TRAINING EARLY CAREER PHYSICIANS SERVING TO HELP ADDRESS WORKFORCE SHORTAGES AND PROVIDE PRECEPTORSHIP OPPORTUNITIES. PROVIDE CME OPPORTUNITIES FOR PHYSICIANS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nadeem Kazi Chair | OfficerTrustee | 1 | $0 |
William Thompson MD Physician Representation | Trustee | 1 | $0 |
Miriam Anand MD Physician Representation | Trustee | 1 | $0 |
Timothy Beger MD Physician Representation | Trustee | 1 | $0 |
Michael Hamant MD Physician Representation | Trustee | 1 | $0 |
Mark Carroll MD Physician Representation | Trustee | 1 | $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 | $279,856 |
| Noncash contributions included in lines 1a–1f | $300 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $279,856 |
| Total Program Service Revenue | $0 |
| Investment income | $503 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $280,359 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $23,200 |
| Grants and other assistance to domestic individuals. | $108,000 |
| 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 | $274 |
| Fees for services: Accounting | $1,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $68,725 |
| 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 | $1,985 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $239,192 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $88,509 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $20,700 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $38,907 |
| Total assets | $148,116 |
| Accounts payable and accrued expenses | $1,535 |
| 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 | $0 |
| Total liabilities | $1,535 |
| Net assets without donor restrictions | $56,244 |
| Net assets with donor restrictions | $90,337 |
| 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 | $148,116 |
Grants Awarded
Over the last fiscal year, Arizona Medical Association Foundation has awarded $23,200 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
ARIZONA MEDICAL ASSOCIATION INC PURPOSE: TO HELP SUPPORT STUDENT SECTION LEADERSHIP OPPORTUNITIES, SUPPORT STUDENTS TAKING PART IN POSTER COMPETITION, MALLORY TRUST SERVICES | $13,200 |
UNIVERSITY OF ARIZONA FOUNDATION PURPOSE: TO HELP SUPPORT THE CHADWICK SCHOLARSHIP FUND | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Health Professions Education Foundation Sacramento, CA | $0 | $1,765,603 |
National Health Law Program Inc Los Angeles, CA | $26,323,333 | $9,753,797 |
Auction Napa Valley St Helena, CA | $4,770,227 | $4,413,681 |
The California Health Care Safety- Net Institute Oakland, CA | $3,771,750 | $2,668,075 |
Quality Care Health Foundation Sacramento, CA | $25,383,417 | $1,400,152 |
Southeast Arizona Area Health Education Center Inc Nogales, AZ | $1,130,135 | $866,060 |
Association Of American Physicians And Surgeons Inc Tucson, AZ | $1,513,528 | $769,072 |
Southeastern Colorado Area Health Edctn Ctr For Rural Co Health Inc Pueblo, CO | $851,429 | $463,908 |
Self-Healing Research Center San Francisco, CA | $302,155 | $283,819 |
Clark County Medical Society Auxiliary Las Vegas, NV | $96,355 | $255,893 |
Arizona Medical Association Foundation Phoenix, AZ | $148,116 | $280,359 |
Association For Ambulatory Behavioral Healthcare Inc Tucson, AZ | $295,365 | $225,355 |
Sinkler Miller Medical Association Inc Oakland, CA | $248,762 | $0 |