Association Of American Medical Colleges
- Assets
- $610.9m
- Revenue
- $265.9m
- Investments
- $57.3m
- Employees
- 923
- Location
- Washington, DC
- Founding
- 03/1957
- Data as of
- 06/2022
- EIN
- 36-2169124
Organization Overview
Association Of American Medical Colleges is located in Washington, DC. The organization was established in 1957. According to its NTEE Classification (B03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Education and related organizations. As of 06/2023, Association Of American Medical Colleges employed 923 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Association Of American Medical Colleges 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 06/2022, Association Of American Medical Colleges generated $265.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.0% each year. All expenses for the organization totaled $245.8m during the year ending 06/2022. While expenses have increased by 6.2% 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.
Since 2015, Association Of American Medical Colleges has awarded 250 individual grants totaling $5,813,775. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
AAMC LEADS & SERVES THE ACADEMIC MEDICINE COMMUNITY TO IMPROVE THE HEALTH OF PEOPLE EVERYWHERE.AAMC LEADS THE ACADEMIC MEDICINE COMMUNITY AND STRENGTHENS THE WORLD'SMOST ADVANCED MEDICAL CARE BY SUPPORTING EDUCATION, RESEARCH, AND PATIENT CARE ACTIVITIES CONDUCTED BY OUR MEMBER INSTITUTIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SERVICES: THIS CLUSTER COORDINATES THE ASSOCIATION'S APPLICATION AND TESTING SERVICE PROGRAMS PROVIDED FOR THE BENEFIT OF MEMBER INSTITUTIONS AND THE COLLECTION AND ANALYSIS OF DATA THAT SUPPORT POLICY RESEARCH IN MEDICAL EDUCATION. SERVICE PROGRAMS INCLUDE THE AMERICAN MEDICAL COLLEGE APPLICATION SERVICES, THE MEDICAL COLLEGE ADMISSION TEST, THE ELECTRONIC RESIDENCY APPLICATION SERVICE AND THE VISITING STUDENT APPLICATION SERVICE.
ACADEMIC AFFAIRS: THIS CLUSTER HELPS MEMBER INSTITUTIONS IMPROVE THE EDUCATION OF PHYSICIANS ACROSS THE CONTINUUM OF THEIR CAREERS ENABLING THEM TO BETTER MEET THE CHANGING NEEDS OF THE PUBLIC. PROGRAMS INCLUDE MEDICAL EDUCATION, GRADUATE MEDICAL EDUCATION, MEDICAL SCHOOL AFFAIRS AND ACCREDITATION.FORM 990, PART III, LINE 4E HEALTHCARE AFFAIRS: THIS CLUSTER DEVELOPS PROGRAMS AND SERVICES TO HELP SUPPORT MEMBER INSTITUTIONS FOCUS ON THE INTERFACE BETWEEN HEALTHCARE DELIVERY SYSTEM AND ACADEMIC MEDICINE, PAYING PARTICULAR ATTENTION TO HOW HEALTHCARE IN ACADEMIC SETTINGS CAN ADDRESS QUALITY OF CARE AND PATIENT-CENTERED CARE.FORM 990, PART III, LINE 4F EQUITY, DIVERSITY AND INCLUSION: THIS UNIT LEADS EFFORTS TO HELP OUR MEMBERS ADVANCE HEALTH EQUITY IN PATIENT CARE, EDUCATION AND RESEARCH THROUGH THE ORGANIZATION'S ABILITY TO USE DIVERSITY FOR INSTITUTIONAL EXCELLENCE. PROGRAMS INCLUDE RESEARCH AND PROFESSIONAL DEVELOPMENT TO INCREASE UNDER-REPRESENTED MINORITIES IN ACADEMIC MEDICINE.FORM 990, PART III, LINE 4G SCIENTIFIC AFFAIRS: THIS CLUSTER WORKS TO ENSURE AN ENVIRONMENT IN WHICH BIOMEDICAL AND BEHAVIORAL RESEARCH CAN FLOURISH. THE SUPPLY OF SCIENTIFIC MANPOWER, FUNDING FOR RESEARCH, SCIENTIFIC INTEGRITY, THE RESPONSIBLE AND HUMANE USE OF ANIMALS IN RESEARCH AND EDUCATION, AND RELATIONS WITH INDUSTRY ARE AMONG THIS CLUSTER'S CONCERNS. FORM 990, PART III, LINE 4H. PROFESSIONAL DEVELOPMENT TO INCREASE UNDER-REPRESENTED MINORITIES IN ACADEMIC MEDICINE.
POLICY, STRATEGY, AND OUTREACH: THIS CLUSTER HELPS MEMBERS IN MATTERS VISITING STUDENT APPLICATION SERVICE. OF GOVERNMENTAL RELATIONS AND COMMUNICATIONS. THE GOVERNMENTAL RELATIONS UNIT ASSISTS THE ASSOCIATION'S MEMBERS AND CONSTITUENTS BY MONITORING LEGISLATION AND REGULATIONS THAT AFFECT ACADEMIC MEDICINE, MEDICAL RESEARCH AND PATIENT CARE, AS WELL AS ADVISING MEMBERS ON INVOLVEMENT IN LEGISLATIVE ACTIVITY AND PARTICIPATING IN COALITIONS WITH OTHER MEMBERS OF THE ACADEMIC AND SCIENTIFIC COMMUNITIES. THE COMMUNICATIONS UNIT DEVELOPS INFORMATION, EDUCATIONAL PROGRAMS, AND PUBLICATIONS FOR MEMBERS, THE PUBLIC AND THE MEDIA. WHILE ADVANCING THE ASSOCIATION'S POSITION ON IMPORTANT ISSUES, THIS UNIT BUILDS AND SUPPORTS COALITIONS TO ENHANCE COMMUNICATION OF IMPORTANT MESSAGES TO TARGETED AUDIENCES.
MEMBER LEARNING AND ENGAGEMENT: MAINTAINS THE ASSOCIATION'S MEMBERSHIP AND CONSTITUENT DATABASE, PLANS AND PROVIDES LOGISTICAL SUPPORT FOR MEETINGS AND CONFERENCES, OPERATES THE ASSOCIATION'S REFERENCE CENTER AND ARCHIVES, AND MANAGES PUBLICATIONS ORDERING AND FULFILLMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Skorton MD President & CEO | OfficerTrustee | 50 | $1,355,745 |
Robert A Barish MD MBA Board Member (as Of 11/15/2022) | Trustee | 3 | $0 |
Catherine L Coe MD Board Member | Trustee | 3 | $0 |
Henri R Ford Mha Board Member | Trustee | 3 | $0 |
Jennifer Hayashi MD MPH Board Member | Trustee | 3 | $0 |
Joan Y Reede MD Ms MPH MBA Board Member | Trustee | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Liaison International Llc Software Provider | 6/29/23 | $1,824,400 |
Beacon Hill Staffing Group Llc Staffing Services | 6/29/23 | $1,580,062 |
Home Front Communications Llc Content Development And Communication | 6/29/23 | $846,867 |
Sheraton Grand Chicago Meeting Catering Services | 6/29/23 | $576,753 |
Manatt Phelps And Phillips Telehealth Services | 6/29/23 | $410,700 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,552,403 |
| All other contributions, gifts, grants, and similar amounts not included above | $982,474 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,534,877 |
| Total Program Service Revenue | $246,184,030 |
| Investment income | $9,095,564 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$1,298,265 |
| Net Gain/Loss on Asset Sales | $3,914,885 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $265,885,546 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $843,250 |
| 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. | $10,411,701 |
| Compensation of current officers, directors, key employees. | $1,203,593 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $86,247,894 |
| Pension plan accruals and contributions | $8,481,286 |
| Other employee benefits | $10,181,929 |
| Payroll taxes | $6,392,147 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $706,776 |
| Fees for services: Accounting | $270,770 |
| Fees for services: Lobbying | $2,344,008 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,279,287 |
| Fees for services: Other | $67,570,877 |
| Advertising and promotion | $259,498 |
| Office expenses | $5,705,291 |
| Information technology | $13,583,415 |
| Royalties | $0 |
| Occupancy | $3,302,023 |
| Travel | $1,082,614 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,193,912 |
| Interest | $3,273,831 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $18,854,646 |
| Insurance | $561,322 |
| All other expenses | $0 |
| Total functional expenses | $245,767,510 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $38,425,459 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $399,623 |
| Accounts receivable, net | $1,535,066 |
| 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 | $6,511,009 |
| Net Land, buildings, and equipment | $207,467,977 |
| Investments—publicly traded securities | $291,114,488 |
| Investments—other securities | $57,256,760 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $8,176,907 |
| Total assets | $610,887,289 |
| Accounts payable and accrued expenses | $48,304,691 |
| Grants payable | $0 |
| Deferred revenue | $54,876,814 |
| 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 | $137,094,278 |
| Other liabilities | $0 |
| Total liabilities | $240,275,783 |
| Net assets without donor restrictions | $366,914,571 |
| Net assets with donor restrictions | $3,696,935 |
| 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 | $610,887,289 |
Grants Awarded
Over the last fiscal year, Association Of American Medical Colleges has awarded $1,401,892 in support to 71 organizations.
| Grant Recipient | Amount |
|---|---|
340B HEALTH PURPOSE: FALL DIGITAL ADVERTISING CAMPAIGN AD CAMPAIGN | $50,000 |
ALBERT EINSTEIN COLLEGE OF MEDICINE PURPOSE: GENERAL SUPPORT | $13,333 |
AMERICAN ASSOCIATION FOR THE ADVANCEMENT OF SCIENCE (AAAS) PURPOSE: CONTRIBUTION TO COALITION | $15,000 |
AUGUSTA UNIVERSITY RESEARCH INSTITUTE PURPOSE: GENERAL SUPPORT | $19,667 |
BETH ISRAEL DEACONESS MEDICAL CENTER PURPOSE: GENERAL SUPPORT | $35,000 |
CALVARY WOMEN'S SERVICES INC PURPOSE: GENERAL SUPPORT | $20,000 |