American Academy Of Physician Associates Inc
- Assets
- $42.6m
- Revenue
- $31.3m
- Investments
- $0.0
- Employees
- 125
- Location
- Alexandria, VA
- Founding
- 05/1970
- Data as of
- 12/2023
- EIN
- 23-7067770
Organization Overview
American Academy Of Physician Associates Inc is located in Alexandria, VA. The organization was established in 1970. 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 12/2023, American Academy Of Physician Associates Inc employed 125 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Academy Of Physician Associates Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2023, American Academy Of Physician Associates Inc generated $31.3m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 3.6% each year. All expenses for the organization totaled $34.7m during the year ending 12/2023. While expenses have increased by 5.4% 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
TO ENSURE THE PROFESSIONAL GROWTH, PERSONAL EXCELLENCE, AND RECOGNITION OF PHYSICIAN ASSOCIATES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PROMOTION OF QUALITY, COST-EFFECTIVE, AND ACCESSIBLE HEALTH CARE, AS WELL AS THE PROFESSIONAL AND PERSONAL DEVELOPMENT OF PHYSICIAN ASSOCIATES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Folusho Ogunfiditimi President (beg 07/01/23) | OfficerTrustee | 4 | $0 |
Jennifer M Orozco President (thru 6/30/23) | OfficerTrustee | 4 | $0 |
Jason Prevelige President-Elect (beg 07/01/23) | OfficerTrustee | 4 | $0 |
Beth Smolko Imm. Past President (thru 06/30/23) | OfficerTrustee | 4 | $0 |
Todd Pickard Vp/speaker Of The House | OfficerTrustee | 4 | $0 |
Lauren Dobbs Secretary-Treasurer | OfficerTrustee | 4 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Optimum Response Llc Media Services | 12/30/23 | $1,242,539 |
Cmg Partners Llc Grant Consulting Services | 12/30/23 | $911,098 |
Music City Center Annual Conference Services | 12/30/23 | $768,788 |
Iheartmedia Entertainment Inc Media Services | 12/30/23 | $565,173 |
Harris Insights & Analytics Llc Analytical Services | 12/30/23 | $241,600 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $479,737 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,593,512 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,073,249 |
| Total Program Service Revenue | $24,796,790 |
| Investment income | $716,080 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $3,122,162 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$519,068 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $126,084 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $31,334,872 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $42,335 |
| Grants and other assistance to domestic individuals. | $541,734 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,203,353 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $12,599,390 |
| Pension plan accruals and contributions | $326,321 |
| Other employee benefits | $1,278,078 |
| Payroll taxes | $856,113 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $237,859 |
| Fees for services: Accounting | $56,154 |
| Fees for services: Lobbying | $240,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $269,667 |
| Fees for services: Other | $5,274,769 |
| Advertising and promotion | $557,541 |
| Office expenses | $148,126 |
| Information technology | $1,314,423 |
| Royalties | $0 |
| Occupancy | $1,204,864 |
| Travel | $542,587 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,214,643 |
| Interest | $1,930 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $306,165 |
| Insurance | $104,105 |
| All other expenses | $865,711 |
| Total functional expenses | $34,668,463 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,112,974 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,135,221 |
| 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 | $1,012,483 |
| Net Land, buildings, and equipment | $514,959 |
| Investments—publicly traded securities | $29,442,866 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,338,523 |
| Total assets | $42,557,026 |
| Accounts payable and accrued expenses | $2,566,565 |
| Grants payable | $0 |
| Deferred revenue | $11,168,162 |
| 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 | $9,196,990 |
| Total liabilities | $22,931,717 |
| Net assets without donor restrictions | $19,625,309 |
| 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 | $42,557,026 |
Grants Awarded
Over the last fiscal year, American Academy Of Physician Associates Inc has awarded $39,335 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF KENTUCKY RESEARCH FOUNDATION PURPOSE: RESEARCH GRANT | $27,778 |
RUSH UNIVERSITY PURPOSE: RESEARCH GRANT | $11,557 |