Aami Foundation Inc
- Assets
- $5.5m
- Revenue
- $185.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Arlington, VA
- Founding
- 04/2011
- Data as of
- 09/2021
- EIN
- 27-4379275
Organization Overview
Aami Foundation Inc is located in Arlington, VA. The organization was established in 2011. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Aami Foundation 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 09/2021, Aami Foundation Inc generated $185.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (23.8%) each year. All expenses for the organization totaled $358.4k during the year ending 09/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE AAMI FOUNDATION ACHIEVES ITS VISION THROUGH THE AWARDING OF SCHOLARSHIPS, AWARDS, GRANTS, AND OTHER ENDEAVORS TO STRENGTHEN THE KNOWLEDGE OF HEALTH TECHNOLOGY PROFESSIONALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PATIENT SAFETY PROGRAMS AIM TO ENGAGE THE HEALTHCARE COMMUNITY IN MULTIDISCIPLINARY SAFETY INITIATIVES THAT STRENGTHEN THE DEVELOPMENT, MANAGEMENT, AND USE OF HEALTHCARE TECHNOLOGY FOR IMPROVED PATIENT OUTCOMES.
THE MARY K. LOGAN RESEARCH AWARDS IS A GRANT PROGRAM AIMED AT SUPPORTING RESEARCH THAT ENHANCES THE SAFE ADOPTION AND SAFE USE OF HEALTH TECHNOLOGY.
THE MICHAEL J. MILLER SCHOLARSHIP PROGRAM PROVIDES SCHOLARSHIPS TO QUALIFIED STUDENTS WHO ARE PURSUING AN EDUCATION IN HEALTHCARE TECHNOLOGY MANAGEMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephen Campbell Executive Director | OfficerTrustee | 5.6 | $49,101 |
Janet Prust Bs Chair | OfficerTrustee | 2 | $0 |
Walt Rosebrough Treasurer/secretary | OfficerTrustee | 2 | $0 |
Steven J Yelton Pe Chtm Director | Trustee | 2 | $0 |
Ralph J Basile Director | Trustee | 2 | $0 |
Lawrence W Hertzler Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Association Development Solutions Fundraising Professionals | 12/30/15 | $275,000 |
Transition Management Consulting Inc Consulting Services | 12/30/15 | $105,706 |
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 | $49,238 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $49,238 |
| Total Program Service Revenue | $0 |
| Investment income | $106,584 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $185,822 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $80,000 |
| Grants and other assistance to domestic individuals. | $41,000 |
| 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 | $0 |
| Fees for services: Accounting | $2,951 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $15,937 |
| Fees for services: Other | $217,783 |
| Advertising and promotion | $0 |
| Office expenses | $729 |
| 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 | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $358,400 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $58,819 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $704 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $5,395,114 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,454,637 |
| Accounts payable and accrued expenses | $14,472 |
| 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 | $14,472 |
| Net assets without donor restrictions | $4,536,374 |
| Net assets with donor restrictions | $903,791 |
| 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 | $5,454,637 |
Grants Awarded
Over the last fiscal year, Aami Foundation Inc has awarded $80,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Philadelphia, PA PURPOSE: GENERAL SUPPORT | $40,000 |
PURPOSE: GENERAL SUPPORT | $40,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Aami Foundation Inc has recieved totaling $2,027.
| Awarding Organization | Amount |
|---|---|
Franklin Weinberg Fund Ketchum, ID PURPOSE: CHARITABLE | $2,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $27 |
Endowment Analysis
| Beg. Balance | $61,451 |
| Earnings | $10,309 |
| Ending Balance | $71,760 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Education Loan Finance Inc Knoxville, TN | $2,281,627,256 | $227,234,757 |
Thurgood Marshall College Fund Inc Washington, DC | $121,810,471 | $98,266,975 |
Educational Foundation Inc Chapel Hill, NC | $193,854,804 | $63,834,996 |
Nc Student Aid Association Inc Raleigh, NC | $102,296,557 | $23,877,668 |
Breakthrough Prize Foundation Washington, DC | $10,581,357 | $48,295,695 |
Virginia Student Aid Foundation Charlottesville, VA | $165,530,915 | $45,876,846 |
Foundation For Advanced Education In The Sciences Inc Bethesda, MD | $54,757,501 | $41,367,941 |
The North Carolina A&t Real Estate Foundation Inc Greensboro, NC | $169,150,909 | $33,021,773 |
Horatio Alger Association Of Distinguished Americans Inc Alexandria, VA | $58,355,936 | $27,092,429 |
Somerset Community Services Inc Marion Station, MD | $23,511,474 | $20,221,070 |
American Association Of University Women Inc Washington, DC | $138,843,361 | $18,528,803 |
Hca Healthcare Foundation Nashville, TN | $97,582,102 | $44,453,527 |