American College Of Osteopathic Family Physicians Inc
- Assets
- $12.4m
- Revenue
- $6.9m
- Investments
- $0.0
- Employees
- 20
- Location
- Chicago, IL
- Founding
- 11/1984
- Data as of
- 12/2023
- EIN
- 36-3341154
Organization Overview
American College Of Osteopathic Family Physicians Inc is located in Chicago, IL. The organization was established in 1984. 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 12/2023, American College Of Osteopathic Family Physicians Inc employed 20 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American College Of Osteopathic Family Physicians Inc 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 College Of Osteopathic Family Physicians Inc generated $6.9m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 2.3% each year. All expenses for the organization totaled $7.2m during the year ending 12/2023. While expenses have increased by 2.9% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE MEDICAL EDUCATION TO OSTEOPATHIC FAMILY PHYSICIANS AND PROMOTE THE PROFESSION OF OSTEOPATHIC FAMILY PHYSICIANS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AMERICAN COLLEGE OF OSTEOPATHIC FAMILY PHISICIANS (ACOFP) PROMOTES PUBLIC HEALTH, ENCOURAGES SCIENTIFIC RESEARCH AND SUPPORTS HIGH STANDARDS OF OSTEOPATHIC EDUCATION. ACOFP HAS MORE THAN 20,000 MEMBERS WHICH INCLUDES BOTH PHYSICIAN AND ACADEMIC MEMBERSHIPS. OF THESE MEMBERS, APPROXIMATELY 6,800 ARE PHYSICIAN MEMBERS PAYING MEMBERSHIP DUES AMOUNTING TO APPROXIMATELY $2,300,000 FOR 2023. BENEFITS TO THE MEMBERS INCLUDE CONTINUING MEDICAL EDUCATION PROGRAMS AND EVENTS, THE "OSTEOPATHIC FAMILY PHYSICIAN" JOURNAL, DISCOUNTS AND OTHER BENEFITS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Saroj Misra DO Facofp Governor | Trustee | 1 | $7,250 |
Rebecca D Lewis DO Facofp Governor | Trustee | 1 | $7,250 |
Antonios J Tsompanidis DO Facofp Vice-Speaker | Trustee | 1 | $4,000 |
Greg D Cohen DO Facofp Vice President | OfficerTrustee | 1 | $9,000 |
Elizabeth Palmarozzi DO Facofp Speaker | Trustee | 1 | $6,200 |
David A Connett DO Facofp Governor | Trustee | 1 | $6,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Disney Destinations Hotel & Convention Space | 12/30/23 | $1,018,932 |
Alston & Bird Consulting/washington Advocacy | 12/30/23 | $257,000 |
Nimble User Ams Implementation Project Management | 12/30/23 | $196,879 |
Association Technologies Inc It Services | 12/30/23 | $192,845 |
Globalization Partners Canada Payroll Expense | 12/30/23 | $190,679 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $109,565 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $770,040 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $879,605 |
| Total Program Service Revenue | $5,449,647 |
| Investment income | $216,996 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $116,321 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,897,418 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $120,500 |
| 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. | $802,686 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $1,142,831 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $72,194 |
| Other employee benefits | $216,297 |
| Payroll taxes | $138,000 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $40,377 |
| Fees for services: Accounting | $25,032 |
| Fees for services: Lobbying | $10,888 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $43,515 |
| Fees for services: Other | $252,711 |
| Advertising and promotion | $0 |
| Office expenses | $162,623 |
| Information technology | $41,982 |
| Royalties | $0 |
| Occupancy | $62,731 |
| Travel | $450,323 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,926,900 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $94,657 |
| Insurance | $27,861 |
| All other expenses | $537,854 |
| Total functional expenses | $7,169,962 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,166,350 |
| Pledges and grants receivable | $515,933 |
| Accounts receivable, net | $382,276 |
| 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 | $630,003 |
| Net Land, buildings, and equipment | $358,516 |
| Investments—publicly traded securities | $9,247,298 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $76,188 |
| Total assets | $12,376,564 |
| Accounts payable and accrued expenses | $775,091 |
| Grants payable | $0 |
| Deferred revenue | $1,701,596 |
| 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 | $365,560 |
| Total liabilities | $2,842,247 |
| Net assets without donor restrictions | $8,949,988 |
| Net assets with donor restrictions | $584,329 |
| 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 | $12,376,564 |