Academy Of Medicine Education Foundation
- Assets
- $1.9m
- Revenue
- $132.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Independence, OH
- Founding
- 08/2002
- Data as of
- 12/2021
- EIN
- 32-0006201
Organization Overview
Academy Of Medicine Education Foundation is located in Independence, OH. The organization was established in 2002. 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. Academy Of Medicine Education 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 12/2021, Academy Of Medicine Education Foundation generated $132.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.0% each year. All expenses for the organization totaled $146.2k during the year ending 12/2021. While expenses have increased by 2.9% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO ENHANCE HEALTHCARE THROUGH THE EDUCATION OF THE MEDICAL PROFESSION AND THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AWARD SCHOLARSHIP GRANTS TO QUALIFIED STUDENTS IN THE HEALTHCARE FIELD
PUBLICATIONS FOR THE GENERAL PUBLIC ON HEALTH-RELATED MATTERS AND OTHER EDUCATIONAL ACTIVITIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Johns Executive Director | Officer | 1 | $0 |
Paul Janicki MD Trustee | Trustee | 1 | $0 |
Anthony Bacevice MD Trustee | Trustee | 1 | $0 |
George Topalsky MD Trustee | Trustee | 1 | $0 |
Matthew Levy MD Trustee | Trustee | 1 | $0 |
James Coviello MD Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $6,000 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $20,351 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $26,351 |
| Total Program Service Revenue | $0 |
| Investment income | $79,440 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $27,061 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $132,852 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,000 |
| Grants and other assistance to domestic individuals. | $32,000 |
| 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 | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $15,043 |
| Fees for services: Other | $3,535 |
| 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 | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $146,180 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $79,491 |
| 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 | $2,000 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,813,124 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,894,615 |
| Accounts payable and accrued expenses | $6,750 |
| 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 | $6,750 |
| Net assets without donor restrictions | $0 |
| 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 | $1,887,865 |
| Total liabilities and net assets/fund balances | $1,894,615 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Academy Of Medicine Education Foundation has recieved totaling $26,488.
| Awarding Organization | Amount |
|---|---|
The Physicians Foundation Inc Austin, TX PURPOSE: TO SUPPORT TELEHEALTH | $24,988 |
Lincoln Financial Foundation Inc Radnor, PA PURPOSE: MATCHING GIFT | $1,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Temple Physicians Inc Philadelphia, PA | $32,827,078 | $80,029,343 |
Fidelity Health Care Inc Dayton, OH | $33,674,939 | $52,779,040 |
Leslie Knott Letcher Perry Community Action Council Hazard, KY | $32,362,791 | $43,531,770 |
Health Federation Of Philadelphia Philadelphia, PA | $18,351,110 | $41,791,030 |
Kettering Adventist Healthcare Miamisburg, OH | $34,644,151 | $37,648,740 |
University Hospitals Health System Inc Shaker Heights, OH | $17,595,534 | $31,677,804 |
National Comprehensive Cancer Network Inc Plymouth Meeting, PA | $114,912,916 | $46,211,501 |
Pike Health Services Inc Waverly, OH | $15,323,530 | $30,767,806 |
Care Resources Grand Rapids, MI | $13,057,362 | $29,643,399 |
Ahf Ohio Inc Dublin, OH | $10,028,431 | $24,918,064 |
Jefferson University Physicians Of New Jersey Pc Philadelphia, PA | $501,231 | $20,519,733 |
Samaritan Behavioral Health Inc Dayton, OH | $9,197,438 | $22,233,357 |