American Medical Association
- Assets
- $1.4b
- Revenue
- $468.4m
- Investments
- $0.0
- Employees
- 1,369
- Location
- Chicago, IL
- Founding
- 03/1946
- Data as of
- 12/2023
- EIN
- 36-0727175
Organization Overview
American Medical Association is located in Chicago, IL. The organization was established in 1946. According to its NTEE Classification (E03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Health Care and related organizations. As of 12/2023, American Medical Association employed 1,369 individuals. This organization is the central organization for a national or regional group of organizations. American Medical Association is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2023, American Medical Association generated $468.4m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 5.7% each year. All expenses for the organization totaled $403.3m during the year ending 12/2023. While expenses have increased by 5.3% per year over the past 9 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, American Medical Association has awarded 887 individual grants totaling $70,510,690. 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
SEE SCHEDULE O.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCIENTIFIC PUBLICATIONS - THE AMA PUBLISHED THE JOURNAL OF THE AMERICAN MEDICAL ASSOCIATION, JAMA NETWORK OPEN, AND 11 SPECIALTY JOURNALS. THESE JOURNALS ARE DISTRIBUTED WORLDWIDE TO INDIVIDUAL RECIPIENTS IN PRINT AND TO MORE THAN 2,980 INSTITUTIONS THROUGH ONLINE ACCESS. THE JOURNALS INCLUDED DEFINITIVE, PEER REVIEWED CLINICAL AND INVESTIGATIVE REPORTS SPANNING MAJOR MEDICAL DISCIPLINES TO SUPPORT INFORMED CLINICAL DECISION-MAKING AND TO ENABLE PHYSICIANS TO REMAIN CURRENT PROFESSIONALLY.
I. IMPROVING HEALTH OUTCOMES, QUALITY OF CARE AND PUBLIC HEALTHII. ACCELERATING CHANGE IN MEDICAL EDUCATION. ADVANCING IMPROVEMENTS IN UNDERGRADUATE MEDICAL EDUCATION AND GRADUATE MEDICAL EDUCATION, HEALTH SYSTEM SCIENCE.III. IMPROVING PROFESSIONAL SATISFACTION AND PRACTICE SUSTAINABILITY FOR PHYSICIANS IN ALL PRACTICE TYPESIV. PROFESSIONALISM AND ETHICSV. UNDERGRADUATE, GRADUATE AND CONTINUING MEDICAL EDUCATION POLICY & RESEARCHVI. SCIENCE, RESEARCH & TECHNOLOGYVII. POLITICAL EDUCATIONVIII. JUDICIAL ADVOCACYIX. INTERNATIONAL MEDICINEX. HEALTH POLICY RESEARCH & DEVELOPMENTXI. MEDICAL PRACTICE BOOKS AND CONTENTXII. STRENGTHENING, AMPLIFYING AND SUSTAINING AMA'S WORK TO ELIMINATE HEALTH INEQUITIES - IMPROVING HEALTH OUTCOMES AND CLOSING DISPARITY GAPSXIII. INTEREST GROUP RESEARCH AND SUPPORT FOR MEDICAL STUDENTS, RESIDENTS AND FELLOWS; YOUNG PHYSICIANS; WOMEN PHYSICIANS; SENIOR PHYSICIANS; INTEGRATED PHYSICIAN PRACTICES; ORGANIZED MEDICAL STAFF; ACADEMIC PHYSICIANS; PRIVATE PRACTICE PHYSICIANS; INTERNATIONAL MEDICAL GRADUATES; MINORITY AFFAIRS; ADVISORY COMMITTEE ON LGBTQ ISSUES
THE AMA IS COMMITTED TO SEEKING CHANGE IN THE FEDERAL AND STATE LEGISLATIVE/REGULATORY ENVIRONMENTS TO PROTECT THE NEEDS OF PATIENTS AND ENABLE PHYSICIANS TO PROVIDE OPTIMAL CARE. PREDOMINANT AREAS OF FOCUS ARE SEEKING MEDICARE PAYMENT REFORM; ELIMINATING PRACTICE BARRIERS; PROMOTING PHYSICIAN-LED TEAM-BASED CARE; INCREASING PHYSICIAN WELLNESS; REDUCING HEALTH CARE DISPARITIES; AND ADVOCATING FOR PUBLIC HEALTH MEASURES.
THE AMA IS RESPONSIBLE FOR THE DEVELOPMENT AND SALES OF MEDICAL INFORMATION BOOKS AND DIGITAL CONTENT DESIGNED TO MEET THE NEEDS OF MEMBERS, POTENTIAL MEMBERS, CONSUMERS, AND OTHERS. THIS INCLUDES MEDICAL PRACTICE INFORMATION AND ETHICS TEXTS, CURRENT PROCEDURAL TERMINOLOGY AND OTHER MEDICAL CODING TEXTS, AS WELL AS MANY OTHER RELEVANT TOPICS FOR THE MEDICAL PROFESSION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David H Aizuss MD Trustee | Trustee | 11 | $75,400 |
Toluwalase A Ajayi MD Trustee | Trustee | 10 | $66,600 |
John H Armstrong MD Hod Vice Speaker (beg. July 2023) | Trustee | 12 | $21,875 |
Madelyn E Butler MD Trustee | Trustee | 9 | $80,350 |
Alexander Ding MD Trustee | Trustee | 12 | $80,710 |
Willarda V Edwards MD Trustee | Trustee | 10 | $72,916 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Silverchair Sci & Comm Llc Provided It Services | 12/30/23 | $2,532,745 |
Mathematica Inc Provided Survey Services | 12/30/23 | $1,729,671 |
City Staffing Provided Staffing Services | 12/30/23 | $1,775,264 |
Forward Health Group Inc Provided It Services | 12/30/23 | $1,061,400 |
John Wiley & Sons Inc Provided It Services | 12/30/23 | $1,190,348 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $33,946,952 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,381,638 |
| All other contributions, gifts, grants, and similar amounts not included above | $675,950 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $37,004,540 |
| Total Program Service Revenue | $83,777,422 |
| Investment income | $18,025,654 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $284,842,564 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $12,971,725 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $17,972,175 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $468,408,415 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $9,834,039 |
| 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. | $9,865,902 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $184,202,150 |
| Pension plan accruals and contributions | $8,443,861 |
| Other employee benefits | $21,640,801 |
| Payroll taxes | $11,747,701 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,088,362 |
| Fees for services: Accounting | $341,022 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $189,750 |
| Fees for services: Other | $32,202,666 |
| Advertising and promotion | $11,328,816 |
| Office expenses | $2,748,773 |
| Information technology | $24,208,872 |
| Royalties | $76,033 |
| Occupancy | $15,285,938 |
| Travel | $9,366,894 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $9,439,356 |
| Interest | $27,625 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $10,417,491 |
| Insurance | $991,570 |
| All other expenses | $8,723,572 |
| Total functional expenses | $403,258,268 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,444,476 |
| Savings and temporary cash investments | $2,388,539 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $100,629,497 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $2,068,836 |
| Prepaid expenses and deferred charges | $9,744,384 |
| Net Land, buildings, and equipment | $22,931,603 |
| Investments—publicly traded securities | $978,994,181 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $244,946,133 |
| Total assets | $1,364,147,649 |
| Accounts payable and accrued expenses | $54,826,099 |
| Grants payable | $0 |
| Deferred revenue | $74,987,513 |
| 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 | $210,907,156 |
| Total liabilities | $340,720,768 |
| Net assets without donor restrictions | $1,023,416,292 |
| Net assets with donor restrictions | $10,589 |
| 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 | $1,364,147,649 |
Grants Awarded
Over the last fiscal year, American Medical Association has awarded $8,237,867 in support to 115 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN SOCIETY OF MEDICAL ASSOCIATION COUNSEL PURPOSE: GENERAL SUPPORT | $17,500 |
ARIZONA MEDICAL ASSOCIATION PURPOSE: SCOPE OF PRACTICE GRANT | $50,000 |
ASIAN AMERICAN JOURNALISTS ASSOCIATION PURPOSE: 2023 ASIAN AMERICAN JOURNALIST ASSN CONVENTION SPONSORSHIP | $15,000 |
ASSOCIATION OF PROFESSORS OF GYNECOLOGY AND OBSTETRICS PURPOSE: REIMAGINING RESIDENCY GRANT | $375,000 |
BRANDEIS UNIVERSITY PURPOSE: 2023 PRINCETON CONFERENCE SPONSORSHIP | $12,500 |
BRIGHAM AND WOMEN'S HOSPITAL INC PURPOSE: EHR RESEARCH PROJECTS | $59,988 |