Alliance For Academic Internal Medicine Inc
- Assets
- $14.5m
- Revenue
- $8.2m
- Investments
- $0.0
- Employees
- 30
- Location
- Alexandria, VA
- Founding
- 02/2011
- Data as of
- 06/2023
- EIN
- 27-3063631
Organization Overview
Alliance For Academic Internal Medicine Inc is located in Alexandria, VA. The organization was established in 2011. According to its NTEE Classification (B19) the organization is classified as: Support N.E.C., under the broad grouping of Education and related organizations. As of 06/2023, Alliance For Academic Internal Medicine Inc employed 30 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Alliance For Academic Internal Medicine Inc 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, Alliance For Academic Internal Medicine Inc generated $8.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.0% each year. All expenses for the organization totaled $8.1m during the year ending 06/2023. While expenses have increased by 2.6% 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 2015, Alliance For Academic Internal Medicine Inc has awarded 73 individual grants totaling $617,500. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE ALLIANCE FOR ACADEMIC INTERNAL MEDICINE (AAIM) PROMOTES THE ADVANCEMENT AND PROFESSIONAL DEVELOPMENT OF ITS MEMBERS WHO PREPARE THE NEXTGENERATION OF INTERNAL MEDICINE PHYSICIANS AND LEADERS THROUGHEDUCATION, RESEARCH, ENGAGEMENT, AND COLLABORATION.
Describe the Organization's Program Activity:
AAIM PROVIDES CONFERENCE AND MEETINGS WITH PROGRAMMATIC OFFERINGS AND TOOLS AIMED TO ENHANCE THE ABILITY OF INDIVIDUALS WHO TRAIN THE NEXT GENERATION OF PHYSICIANS.
THE ALLIANCE DEVELOPS POSITION STATEMENTS, GUIDELINES, WHITE PAPERS,CURRICULAR RESOURCES, AND "BEST PRACTICE" RECOMMENDATIONS FOR FACULTYAND STAFF IN UNDERGRADUATE MEDICAL EDUCATION AND GRADUATE MEDICALEDUCATION. ALLIANCE MEMBER ORGANIZATIONS CONDUCT ANNUAL SURVEYS TOPROVIDE INSIGHT, RECOMMEND POLICY, AND SET BENCHMARKS FOR DEPARTMENTS OF INTERNAL MEDICINE IN INSTITUTIONS ACROSS THE COUNTRY.
THE AAIM INNOVATION GRANTS PROGRAM, IN COLLABORATION WITH AMERICAN BOARD OF INTERNAL MEDICINE (ABIM), THE ABIM FOUNDATION, THE AMERICAN COLLEGE OF PHYSICIANS (ACP) AND THE JOSIAH MACY JR. FOUNDATION, JOINED TO FORM THE BUILDING TRUST THROUGH DIVERSITY, HEALTH CARE EQUITY, & INCLUSION IN INTERNAL MEDICINE GRANT PROGRAM. THIS PROGRAM SEEKS TO INCORPORATE DIVERSITY, HEALTH CARE EQUITY, AND INCLUSION IN INTERNAL MEDICINE TRAINING TO INCREASE INTERPROFESSIONAL EFFORTS AND BUILD A MORE TRUSTWORTHY HEALTH SYSTEM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shobhina G Chheda MD MPH Chair | OfficerTrustee | 2 | $0 |
Patricia Vassallo MD Facc Fase Vice Chair | OfficerTrustee | 2 | $0 |
Allen Mead Secretary-Treasurer | OfficerTrustee | 2 | $0 |
E Dale Abel MD PHD Director | Trustee | 2 | $0 |
Reeni A Abraham MD Director | Trustee | 2 | $0 |
Alpesh N Amin MD MBA Macp Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Forjwebcourse Works Consullting/instructural Design | 6/29/23 | $247,720 |
Cmi Communications Marketing Services | 6/29/23 | $379,860 |
Creekside Productions & Elearning Recording & Production Services | 6/29/23 | $123,950 |
Freeman Expositions Llc Conferences Exhibition Services | 6/29/23 | $117,092 |
Pioneering Network Soluctions (Pns) It Managed Services | 6/29/23 | $108,982 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $7,297,913 |
| Investment income | $252,302 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $578,304 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$40,863 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,192,966 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $106,250 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $741,079 |
| Compensation of current officers, directors, key employees. | $518,320 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,416,810 |
| Pension plan accruals and contributions | $147,772 |
| Other employee benefits | $399,270 |
| Payroll taxes | $229,964 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $25,213 |
| Fees for services: Accounting | $70,696 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $40,441 |
| Fees for services: Other | $446,652 |
| Advertising and promotion | $0 |
| Office expenses | $130,694 |
| Information technology | $731,803 |
| Royalties | $0 |
| Occupancy | $209,356 |
| Travel | $248,149 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,740,387 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $25,159 |
| Insurance | $95,368 |
| All other expenses | $17,310 |
| Total functional expenses | $8,073,005 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,121,545 |
| Savings and temporary cash investments | $2,289,265 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $505,074 |
| 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 | $324,194 |
| Net Land, buildings, and equipment | $37,364 |
| Investments—publicly traded securities | $9,565,560 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $614,236 |
| Total assets | $14,457,238 |
| Accounts payable and accrued expenses | $748,576 |
| Grants payable | $0 |
| Deferred revenue | $1,030,981 |
| 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 | $683,931 |
| Total liabilities | $2,463,488 |
| Net assets without donor restrictions | $11,993,750 |
| 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 | $14,457,238 |
Grants Awarded
Over the last fiscal year, Alliance For Academic Internal Medicine Inc has awarded $90,000 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
COLUMBIA UNIVERSITY PURPOSE: DIVERSITY, EQUITY, AND INCLUSION (DEI) | $5,000 |
BAYLOR UNIVERSITY PURPOSE: DIVERSITY, EQUITY, AND INCLUSION (DEI) | $5,000 |
EMORY UNIVERSITY PURPOSE: DIVERSITY, EQUITY, AND INCLUSION (DEI) | $5,000 |
UNIVERSITY OF ARIZONA PURPOSE: DIVERSITY, EQUITY, AND INCLUSION (DEI) | $5,000 |
HOFSTRA UNIVERSITY PURPOSE: DIVERSITY, EQUITY, AND INCLUSION (DEI) | $5,000 |
ICAHN SCHOOL OF MEDICINE PURPOSE: DIVERSITY, EQUITY, AND INCLUSION (DEI) | $5,000 |