American Association Of Colleges Of Osteopathic Medicine
- Assets
- $45.1m
- Revenue
- $19.9m
- Investments
- $4.5m
- Employees
- 45
- Location
- Bethesda, MD
- Founding
- 11/1972
- Data as of
- 06/2023
- EIN
- 23-7190271
Organization Overview
American Association Of Colleges Of Osteopathic Medicine, operating under the name Aacom, is located in Bethesda, MD. The organization was established in 1972. As of 06/2023, Aacom employed 45 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Aacom 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, Aacom generated $19.9m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.1% each year. All expenses for the organization totaled $16.3m during the year ending 06/2023. While expenses have increased by 4.3% per year over the past 8 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.
Since 2017, Aacom has awarded 19 individual grants totaling $469,744. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
AMERICAN ASSOCIATION OF COLLEGES OF OSTEOPATHIC MEDICINE (AACOM) IS THE LEADING VOICE FOR THE EDUCATION AND TRAINING OF PHYSICIANS WHO PRACTICE OSTEOPATHIC MEDICINE IN SETTINGS RANGING FROM PRIMARY CARE TO PEDIATRICS. WE SUPPORT COLLEGES OF OSTEOPATHIC MEDICINE IN THEIR EFFORTS TO ATTRACT AND TRAIN FUTURE PHYSICIANS WHO ARE FUELED BY A DESIRE TO MAKE A DIFFERENCE, TO TREAT THE WHOLE PERSON AND BUILD A FUTURE OF HEALTH AND WELLNESS FOR ALL PEOPLE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CENTRALIZED STUDENT APPLICATION SERVICE - PROVIDES A CENTRALIZED APPLICATION SERVICE FOR STUDENTS APPLYING TO U.S. OSTEOPATHIC MEDICAL COLLEGES BY ALLOWING THE STUDENTS TO APPLY TO MULTIPLE MEDICAL SCHOOLS USING ONE COMMON APPLICATION, AND STANDARDIZING THE REVIEW PROCESS FOR AACOM'S MEMBER COLLEGES. DURING THIS YEAR, 23,194 STUDENT APPLICANTS PARTICIPATED. AACOM ENGAGES IN RECRUITMENT ACTIVITIES TO DEVELOP AWARENESS ABOUT OSTEOPATHIC MEDICINE AMONG POTENTIAL MEDICAL SCHOOL APPLICANTS. AACOM'S RECRUITMENT EFFORTS SEEK TO ATTRACT A DIVERSE AND ACADEMICALLY WELL-QUALIFIED POOL OF APPLICANTS FOR ITS MEMBER MEDICAL SCHOOLS.
MARKETING AND COMMUNICATIONS - OVERSEES AACOM'S BRANDING AND STRENGTHENING THE VOICE AND INFLUENCE OF OSTEOPATHIC MEDICINE AND OSTEOPATHIC MEDICAL EDUCATION WITH KEY STAKEHOLDERS AND COMMUNITIES. IT PROMOTES OSTEOPATHIC MEDICAL EDUCATION WITH DIGITAL INITIATIVES, INCLUDING WEBSITES, EMAILS, SOCIAL MEDIA PLATFORMS, CREATIVE CONTENT, AND PRINT EFFORTS. AACOM REACHES MILLIONS OF PROSPECTIVE OSTEOPATHIC STUDENTS, DEANS, FACULTY, AND OTHER DECISION MAKERS EACH YEAR.
GOVERNMENT RELATIONS - REPRESENTS THE ASSOCIATION'S CONSTITUENTS AND INTERESTS TO CONGRESS AND FEDERAL POLICY MAKERS IN LEADING THE ASSOCIATION'S CONGRESSIONAL AND FEDERAL POLICY ADVOCACY EFFORTS. THE OFFICE KEEPS CONSTITUENTS INFORMED OF FEDERAL POLICY AND REGULATORY DEVELOPMENTS IN OSTEOPATHIC MEDICAL EDUCATION AND THE OSTEOPATHIC MEDICAL EDUCATION COMMUNITY, AS WELL AS INFORMS FEDERAL LEGISLATORS OF THE NEEDS OF OSTEOPATHIC MEDICAL STUDENTS, TRAINEES, AND OSTEOPATHIC MEDICAL EDUCATORS. THE DEPARTMENT ALSO WORKS IN CONCERT WITH VARIOUS NATIONAL ORGANIZATIONS AND COALITIONS TO INFLUENCE BOTH LEGISLATIVE AND REGULATORY ISSUES RELEVANT TO OSTEOPATHIC MEDICAL EDUCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shane Speights Vice Chair (thru 4/23), Chair | OfficerTrustee | 3 | $0 |
Hasco W Craver Chair (thru 4/23) | OfficerTrustee | 3 | $0 |
Jane E Carreiro Secretary/treasurer | OfficerTrustee | 3 | $0 |
Margaret A Wilson Past Chair | OfficerTrustee | 3 | $0 |
Jay S Feldstein Aop Representative | Trustee | 1 | $0 |
Angela L Franklin Aop Representative (thru 7/22) | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Liaison International Llc Application Service & Database | 6/29/23 | $2,793,200 |
Motivate Lab Llc Develop Resilient Mindsets In Medicine P | 6/29/23 | $526,291 |
Association Of American Medical Colleges Medical Education Services | 6/29/23 | $330,567 |
Heliocampus It Data And Consulting Services | 6/29/23 | $271,365 |
Bader Virginia Consulting Services On Member Services A | 6/29/23 | $250,625 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $1,950 |
| Related organizations | $0 |
| Government grants | $708,029 |
| All other contributions, gifts, grants, and similar amounts not included above | $212,225 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $922,204 |
| Total Program Service Revenue | $18,337,022 |
| Investment income | $930,283 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $21,685 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$297,731 |
| Net Income from Fundraising Events | $10,366 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $19,931,135 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $143,964 |
| Grants and other assistance to domestic individuals. | $40,050 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,910,513 |
| Compensation of current officers, directors, key employees. | $775,201 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,717,466 |
| Pension plan accruals and contributions | $320,645 |
| Other employee benefits | $328,856 |
| Payroll taxes | $356,662 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $28,783 |
| Fees for services: Accounting | $43,666 |
| Fees for services: Lobbying | $223,962 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $229,291 |
| Fees for services: Other | $5,942,507 |
| Advertising and promotion | $75,608 |
| Office expenses | $349,361 |
| Information technology | $406,122 |
| Royalties | $0 |
| Occupancy | $465,113 |
| Travel | $257,943 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,010,138 |
| Interest | $239 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $182,265 |
| Insurance | $60,295 |
| All other expenses | $93,445 |
| Total functional expenses | $16,348,617 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $959,206 |
| Savings and temporary cash investments | $78,056 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $161,029 |
| 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 | $1,175,771 |
| Net Land, buildings, and equipment | $460,149 |
| Investments—publicly traded securities | $34,765,991 |
| Investments—other securities | $4,541,981 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,923,487 |
| Total assets | $45,065,670 |
| Accounts payable and accrued expenses | $1,738,306 |
| Grants payable | $0 |
| Deferred revenue | $2,078,872 |
| 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 | $3,668,857 |
| Total liabilities | $7,486,035 |
| Net assets without donor restrictions | $37,495,209 |
| Net assets with donor restrictions | $84,426 |
| 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 | $45,065,670 |
Grants Awarded
Over the last fiscal year, American Association Of Colleges Of Osteopathic Medicine has awarded $88,200 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
NATIONAL ACADEMY OF SCIENCES PURPOSE: SPONSORSHIP ON 2022 GLOBAL FORUM ON INNOVATION IN HEALTH PROFESSIONAL EDUCATION. | $65,000 |
ARKANSAS COLLEGE OF HEALTH EDUCATION PURPOSE: FY2023 RESEARCH GRANT: UNDERSTANDING COMLEX LEVEL 1 AS A PASS/FAIL EXAM-IMPACT AND OPPORTUNITIES. | $8,700 |
AMERICAN OSTEOPATHIC FOUNDATION INC PURPOSE: BRONZE SPONSORSHIP FOR AMERICAN OSTEOPATHIC FOUNDATION (AOF) OCTOBER 2022 HONORS GALA | $7,500 |
TOURO UNIVERSITY PURPOSE: FY2023 RESEARCH GRANT: EXPLORING UNDIAGNOSABLE SYNDROMES IN MEDICAL STUDENTS-THE PREVALENCE AND IMPLICATIONS OF IMPOSTER SYNDROME AND MEDICAL STUDENT SYNDROME. | $7,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Association Of Colleges Of Osteopathic Medicine Bethesda, MD | $45,065,670 | $19,931,135 |
University Of Maryland Neurosurgery Associates P A Baltimore, MD | $3,314,951 | $10,652,872 |
University Of Virginia Medical School Foundation Charlottesville, VA | $128,963,798 | $9,232,071 |
Association Of Academic Health Cent Ers Inc Washington, DC | $0 | $2,699,914 |
Pennsylvania Academy Of Family Physicians Foundation Wyomissing, PA | $751,058 | $1,468,436 |
American Association Of Colleges Of Podiatric Medicine Rockville, MD | $1,948,429 | $1,424,180 |
Association Of Medical School Pediatric Department Chairman Inc Mclean, VA | $1,551,464 | $602,014 |
State University Of New York Downstate Medical Center Tr Alu Pittsburgh, PA | $2,842,953 | $246,784 |
Health Occupations Students Of America Wernersville, PA | $265,665 | $278,012 |
American College Of Nuclear Medicine Inc Reston, VA | $238,756 | $0 |
Eastern Orthopaedic Educational Towson, MD | $1,372,080 | $107,935 |
Coastal Virginia Medical Society Norfolk, VA | $49,715 | $0 |