American Medical Student Association
- Assets
- $5.7m
- Revenue
- $2.8m
- Investments
- $0.0
- Employees
- 22
- Location
- Mc Lean, VA
- Founding
- 07/1953
- Data as of
- 04/2024
- EIN
- 36-2222695
Organization Overview
American Medical Student Association is located in Mc Lean, VA. The organization was established in 1953. According to its NTEE Classification (B01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Education and related organizations. As of 04/2024, American Medical Student Association employed 22 individuals. This organization is the central organization for a national or regional group of organizations. American Medical Student 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 04/2024, American Medical Student Association generated $2.8m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.0% each year. All expenses for the organization totaled $2.6m during the year ending 04/2024. While expenses have increased by 1.4% per year over the past 8 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
THE AMERICAN MEDICAL STUDENT ASSOCIATION (AMSA) IS A NONPROFIT ORGANIZATION WHICH REPRESENTS THE CONCERNS OF PHYSICIANS-IN TRAINING AND FOSTERS A COMMUNITY OF FUTURE PHYSICIANS THROUGH EDUCATION AND ADVOCACY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONFERENCE AND EDUCATION - AMSA HOLDS MULTIPLE CONFERENCES, IN PERSON AND VIRTUAL EVENTS EACH YEAR TO PROVIDE EDUCATION AND TRAINING.
COMMUNICATIONS AND MARKETING - PROMOTE AMSA AND ITS PROGRAMS AND TO UPDATE AMSA CHAPTERS ON THE LASTEST AMSA DEVELOPMENTS. DEVELOP NEW AMSA CHAPTERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jamie Thayer Scates Chief Executive Officer | OfficerTrustee | 38 | $185,349 |
Rohini Kousalya Siva Past President | 9 | $60,067 | |
Michael Walls Immediate Past President | 1 | $3,998 | |
Trya-Lee Brett Premedical Trustee | Trustee | 1 | $0 |
Oluwadamilola Omojola International Trustee | Trustee | 1 | $0 |
Andres Diaz Student Editor The New Physi | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Fp Atlantic Corporate Park Llc Co The Rent | 4/29/22 | $348,401 |
Holly Moring Dba Fresh Tonic Marketing Consultant | 4/29/22 | $224,420 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $463,948 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $463,948 |
| Total Program Service Revenue | $1,216,094 |
| Investment income | $646,585 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $476,762 |
| 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 | $2,810,533 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,315,872 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $196,129 |
| 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 | $0 |
| Fees for services: Other | $547,682 |
| Advertising and promotion | $43,972 |
| Office expenses | $69,523 |
| Information technology | $106,524 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $131,556 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $77,256 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $31,914 |
| Insurance | $22,971 |
| All other expenses | $1,710 |
| Total functional expenses | $2,626,597 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $363,756 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $585,790 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $4,611 |
| Prepaid expenses and deferred charges | $37,347 |
| Net Land, buildings, and equipment | $77,980 |
| Investments—publicly traded securities | $4,227,611 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $383,724 |
| Total assets | $5,680,819 |
| Accounts payable and accrued expenses | $117,434 |
| Grants payable | $0 |
| Deferred revenue | $678,826 |
| 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 | $409,742 |
| Total liabilities | $1,206,002 |
| Net assets without donor restrictions | $4,474,817 |
| 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 | $5,680,819 |