American Association Of Colleges Of Osteopathic Medicine
- Assets
- $36.3m
- Revenue
- $18.7m
- Investments
- $0.0
- Employees
- 42
- Location
- Bethesda, MD
- Founding
- 11/1972
- Data as of
- 06/2022
- 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 06/2022, Aacom employed 42 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 06/2022, Aacom generated $18.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.2% each year. All expenses for the organization totaled $14.7m during the year ending 06/2022. While expenses have increased by 3.3% 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.
Since 2017, Aacom has awarded 20 individual grants totaling $592,088. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
AACOM LEADS AND ADVOCATES FOR THE OSTEOPATHIC MEDICAL EDUCATION COMMUNITY TO IMPROVE THE HEALTH OF THE PUBLIC. AACOM REPRESENTS AND ADVANCES THE CONTINUUM OF MEDICAL EDUCATION BY: SUPPORTING OUR MEMBER INSTITUTIONS AS THEY EDUCATE THE FUTURE PHYSICIAN WORKFORCE; INCREASING AWARENESS OF OSTEOPATHIC MEDICAL EDUCATION AND OSTEOPATHIC MEDICINE; PROMOTING EXCELLENCE IN MEDICAL EDUCATION, POLICY, RESEARCH, AND SERVICE; AND FOSTERING INNOVATION AND QUALITY THROUGHOUT MEDICAL EDUCATION.
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, 24,002 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 |
|---|---|---|---|
Robert Cain President, CEO | Officer | 37.5 | $487,419 |
Tyler Cymet Chief, Clinic Education (thru 12/21) | 37.5 | $293,620 | |
Mark Speicher SVP Of Meded & Research | Officer | 37.5 | $286,460 |
Patricia Delaney SVP Of Finance & Operation | Officer | 37.5 | $284,259 |
Susan Ridge SVP Of Marketing, Comm And Events | Officer | 37.5 | $229,597 |
Jeff Tjiputra VP Of It/cio | 37.5 | $226,811 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Liaison International Llc Application Service & Database | 6/29/22 | $2,764,808 |
Association Of American Medical Colleges Medical Education Services | 6/29/22 | $918,548 |
Heliocampus It Data And Consulting Services | 6/29/22 | $307,373 |
Petrizzo Group Government Relations Consulting Services | 6/29/22 | $165,000 |
Bader Virginia Consulting Services On Member Services A | 6/29/22 | $272,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $7,735 |
| Related organizations | $0 |
| Government grants | $399,194 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $406,929 |
| Total Program Service Revenue | $17,398,130 |
| Investment income | $840,550 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $18,957 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $4,124 |
| Net Income from Fundraising Events | $1,970 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $18,698,103 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $89,206 |
| Grants and other assistance to domestic individuals. | $36,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,786,530 |
| Compensation of current officers, directors, key employees. | $596,968 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,479,132 |
| Pension plan accruals and contributions | $298,764 |
| Other employee benefits | $297,491 |
| Payroll taxes | $340,289 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $45,646 |
| Fees for services: Accounting | $37,832 |
| Fees for services: Lobbying | $249,087 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $170,466 |
| Fees for services: Other | $5,614,494 |
| Advertising and promotion | $26,828 |
| Office expenses | $342,200 |
| Information technology | $451,355 |
| Royalties | $0 |
| Occupancy | $444,845 |
| Travel | $84,574 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $306,223 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $258,212 |
| Insurance | $49,716 |
| All other expenses | $36,299 |
| Total functional expenses | $14,659,841 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $866,320 |
| Savings and temporary cash investments | $77,825 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $212,664 |
| 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 | $1,067,999 |
| Net Land, buildings, and equipment | $631,529 |
| Investments—publicly traded securities | $32,598,238 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $854,578 |
| Total assets | $36,309,153 |
| Accounts payable and accrued expenses | $1,688,078 |
| Grants payable | $0 |
| Deferred revenue | $1,738,605 |
| 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 | $1,801,562 |
| Total liabilities | $5,228,245 |
| Net assets without donor restrictions | $31,002,318 |
| Net assets with donor restrictions | $78,590 |
| 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 | $36,309,153 |
Grants Awarded
Over the last fiscal year, American Association Of Colleges Of Osteopathic Medicine has awarded $31,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Washington, DC PURPOSE: SPONSORSHIP ON 2022 GLOBAL FORUM ON INNOVATION IN HEALTH PROFESSIONAL EDUCATION. | $15,000 |
Biddeford, ME PURPOSE: 2021-2022 RESEARCH GRANT FOR PROJECT: USING HANDS- ON INTERPROFESSIONAL CULINARY MEDICINE EDUCATION TO INCREASE THE CONFIDENCE AND ABILITY OF MEDICAL AND DIETETIC STUDENTS TO ADDRESS LIFESTYLE AND NUT | $10,000 |
Champaign, IL PURPOSE: GOLD SPONSORSHIP TO NAAHP 2022 NATIONAL CONFERENCE | $6,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that American Association Of Colleges Of Osteopathic Medicine has recieved totaling $30,000.
| Awarding Organization | Amount |
|---|---|
American Medical Association Chicago, IL PURPOSE: INNOVATION GRANT AWARD | $30,000 |
Endowment Analysis
| Beg. Balance | $78,711 |
| Earnings | $675 |
| Net Contributions | $141 |
| Other Expense | $937 |
| Ending Balance | $78,590 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Association Of Colleges Of Osteopathic Medicine Bethesda, MD | $36,309,153 | $18,698,103 |
University Of Maryland Neurosurgery Associates P A Baltimore, MD | $2,035,555 | $8,965,908 |
University Of Virginia Medical School Foundation Charlottesville, VA | $123,889,244 | $8,950,640 |
Association Of Academic Health Cent Ers Inc Washington, DC | $0 | $2,699,914 |
Pennsylvania Academy Of Family Physicians Foundation Harrisburg, PA | $496,377 | $1,343,074 |
American Association Of Colleges Of Podiatric Medicine Rockville, MD | $2,077,010 | $1,554,305 |
Association Of Medical School Pediatric Department Chairman Inc Mclean, VA | $1,537,754 | $550,439 |
State University Of New York Downstate Medical Center Tr Alu Pittsburgh, PA | $2,952,778 | $195,965 |
American College Of Nuclear Medicine Inc Reston, VA | $203,270 | $0 |
Health Occupations Students Of America Wernersville, PA | $162,304 | $0 |
Eastern Orthopaedic Educational Towson, MD | $1,588,277 | $101,856 |
Norfolk Academy Of Medicine Norfolk, VA | $49,715 | $0 |