American Academy Of Family Physicians
- Assets
- $2.9m
- Revenue
- $2.8m
- Investments
- $0.0
- Employees
- 5
- Location
- Bolingbrook, IL
- Founding
- 02/1950
- Data as of
- 09/2023
- EIN
- 36-2150319
Organization Overview
American Academy Of Family Physicians is located in Bolingbrook, IL. The organization was established in 1950. 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 09/2023, American Academy Of Family Physicians employed 5 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. American Academy Of Family Physicians 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 09/2023, American Academy Of Family Physicians generated $2.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.3% each year. All expenses for the organization totaled $2.2m during the year ending 09/2023. While expenses have increased by 0.8% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE EXCELLENCE IN THE HEALTH AND WELL-BEING OF PEOPLE OF ILLINOIS
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION-PUBLICATION OF EDUCATIONAL MATERIALS AND SEMINARS RELATED TO FAMILY PRACTICE FOR FAMILY PHYSICIANS.
GOVERNMENT RELATIONS-MONITORING AND REVIEWING HEALTH CARE LEGISLATION,RULES AND REGULATIONS IN STATE GOVERNMENT; DEVELOPING ADVOCACY POSITIONS ON ISSUES AND LOBBYING STATE OFFICIALS ON THOSE ISSUES; AND EXHIBITING AT OTHER ORGANIZATIONS MEETINGS TO PROVIDE THEM WITH ILLINOIS ACADEMY OF FAMILY PHYSICIANS VIEWPOINTS.
EDUCATION-VARIOUS COURSES OFFERED THROUGHOUT THE YEAR WHICH PROVIDE EDUCATIONAL GUIDELINES FOR FAMILY PHYSICIANS AND PRACTICES ADMINISTRATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Timothy Ott Chair | OfficerTrustee | 0.5 | $0 |
Emma Daisy President | OfficerTrustee | 0.5 | $0 |
Santina Wheat Second Vice President | OfficerTrustee | 0.5 | $2,950 |
Kathleen Rowland President Elect | OfficerTrustee | 0.5 | $2,670 |
Corinne Kohler First Vice President | OfficerTrustee | 0.5 | $1,400 |
Christina Wells Treasurer | OfficerTrustee | 0.5 | $15,776 |
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 | $1,443,968 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,443,968 |
| Total Program Service Revenue | $1,396,225 |
| Investment income | $43,832 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$49,294 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,844,555 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $579,746 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $166,664 |
| Pension plan accruals and contributions | $34,686 |
| Other employee benefits | $19,292 |
| Payroll taxes | $57,250 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $65,965 |
| Fees for services: Lobbying | $32,335 |
| Fees for services: Fundraising | $127,065 |
| Fees for services: Investment Management | $26,909 |
| Fees for services: Other | $2,500 |
| Advertising and promotion | $6,836 |
| Office expenses | $23,738 |
| Information technology | $24,615 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $82,209 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $37,694 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $6,812 |
| All other expenses | $4,475 |
| Total functional expenses | $2,184,588 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $495,730 |
| Savings and temporary cash investments | $9,984 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $230,909 |
| 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 | $7,010 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,916,284 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $283,730 |
| Total assets | $2,943,647 |
| Accounts payable and accrued expenses | $122,898 |
| Grants payable | $0 |
| Deferred revenue | $240,441 |
| 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 | $18,357 |
| Total liabilities | $381,696 |
| Net assets without donor restrictions | $2,561,951 |
| 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 | $2,943,647 |