Pennsylvania Osteopathic Medical Association Foundation
- Assets
- $12.6m
- Revenue
- $590.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Harrisburg, PA
- Founding
- 03/1972
- Data as of
- 06/2023
- EIN
- 23-7171709
Organization Overview
Pennsylvania Osteopathic Medical Association Foundation is located in Harrisburg, PA. The organization was established in 1972. According to its NTEE Classification (E99) the organization is classified as: Health Care N.E.C., under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pennsylvania Osteopathic 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 06/2023, Pennsylvania Osteopathic Medical Association Foundation generated $590.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (4.8%) each year. All expenses for the organization totaled $859.1k during the year ending 06/2023. 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
ADVANCING THE PRINCIPLES OF OSTEOPATHIC MEDICINE IN PENNSYLVANIA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS ARE GIVEN TO DESERVING STUDENTS OF OSTEOPATHIC MEDICINE IN ORDER TO HELP THEM ACHIEVE THEIR EDUCATIONAL GOALS. 11 SCHOLARSHIPS WERE PROVIDED LAST YEAR.
THE ORGANIZATION BEGAN THE RESIDENCY MENTAL HEALTH GRANT PROGRAM TO HELP PA RESIDENCY PROGRAMS TO PROVIDE MENTAL HEALTH AND WELLNESS PROJECTS/PROGRAMS TO THEIR RESIDENTS. THE FOUNDATION WANTED TO START THE CONVERSATION ABOUT PHYSICIAN WELL-BEING THROUGH DISCUSSION AND TEAM-BUILDING ACTIVITIES TO ADDRESS AND PROVIDE INFORMATION AND RESOURCES REGARDING MENTAL HEALTH. THE ORGANIZATION PROVIDED 4,500 IN SUPPORT OF THIS RESEARCH.
THE ORGANIZATION PROVIDES MEDICAL EDUCATION TO THE OSTEOPATHIC MEDICAL COMMUNITY AT AN ANNUAL EDUCATIONAL SEMINAR. APPROXIMATELY 1,300 PROFESSIONALS ATTENDED THE SEMINAR LAST YEAR. THE POMA FOUNDATION SUPPORTS HIGH QUALITY CONTINUING MEDICAL EDUCATION BY GRANTING POMA ACCREDIDATION.
THE ORGANIZATION SUPPLIES STETHOSCOPES FREE OF CHARGE TO ALL FIRST YEAR OSTEOPATHIC STUDENTS ENROLLED IN PA OSTEOPATHIC MEDICAL SCHOOLS AND PA RESIDENTS IN OTHER OSTEOPATHIC MEDICAL SCHOOLS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Witherite-Rieg Lisa A DO Chairman | OfficerTrustee | 1 | $0 |
Milie Eric J DO Secretary/tr | OfficerTrustee | 1 | $0 |
Battistella Gene M DO Director | Trustee | 1 | $0 |
Carter Seth H DO Director | Trustee | 1 | $0 |
Dardarian Thomas S DO Director | Trustee | 1 | $0 |
Dimarco Anthony E DO Director | 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 | $56,865 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $56,865 |
| Total Program Service Revenue | $0 |
| Investment income | $373,913 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $159,006 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $590,031 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $415,414 |
| 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 | $51,390 |
| Fees for services: Accounting | $16,950 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $43,409 |
| Fees for services: Other | $41,167 |
| 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 | $18,429 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,337 |
| All other expenses | $0 |
| Total functional expenses | $859,137 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $804,173 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $42,560 |
| 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 | $180,521 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $11,583,769 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $12,611,023 |
| Accounts payable and accrued expenses | $52,332 |
| 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 | $52,332 |
| Net assets without donor restrictions | $8,445,224 |
| Net assets with donor restrictions | $4,113,467 |
| 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 | $12,611,023 |