American Osteopathic Foundation Inc
- Assets
- $19.3m
- Revenue
- $3.3m
- Investments
- $0.0
- Employees
- 6
- Location
- Chicago, IL
- Founding
- 04/1951
- Data as of
- 12/2021
- EIN
- 36-6056120
Organization Overview
American Osteopathic Foundation Inc is located in Chicago, IL. The organization was established in 1951. According to its NTEE Classification (G90) the organization is classified as: Medical Disciplines, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. As of 12/2021, American Osteopathic Foundation Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Osteopathic Foundation Inc 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 12/2021, American Osteopathic Foundation Inc generated $3.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.4% each year. All expenses for the organization totaled $1.7m during the year ending 12/2021. While expenses have increased by 1.3% 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 2016, American Osteopathic Foundation Inc has awarded 25 individual grants totaling $524,743. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT PROGRAMS AND SERVICES THAT PROMOTE OSTEOPATHIC MEDICINE AND ENHANCE PATIENT-CENTERED CARE. THE AOF HAS WORKED DILIGENTLY TOWARD REALIZING ITS VISION, TO ENRICH GLOBAL HEALTH BY PROMOTING OSTEOPATHIC MEDICINE. THE AOF IS ENERGIZED AND INSPIRED TO ACCOMPLISH THIS THROUGH ITS MISSION, TO SUPPORT PHILANTHROPIC ACTIVITIES THAT PROMOTE AND ENHANCE THE OSTEOPATHIC PROFESSION. THROUGH THE SUPPORT OF LEADERSHIP, THE DEDICATION AND FORESIGHT OF THE AOF BOARD OF DIRECTORS, AND THE GENEROSITY OF THE FOUNDATION'S LOYAL DONORS, THE AOF PROUDLY SERVES AS THE PHILANTHROPIC PARTNER FOR THE OSTEOPATHIC PROFESSION, THE ASSOCIATION AND THE AFFILIATES. AOF HAS MADE A DIFFERENCE IN THE LIVES OF MANY WITHIN THE PROFESSION AND CONTINUES TO INCREASE THE NUMBER OF AWARDS GIVEN, GRANTS EXTENDED, SCHOLARSHIPS AWARDED, AND SERVICES PROVIDED THAT ENHANCE AND BENEFIT OSTEOPATHIC STUDENTS, RESIDENTS, PHYSICIANS - AND THE PATIENTS THEY SO HONORABLY SERVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOR 70 YEARS, THE AMERICAN OSTEOPATHIC FOUNDATION (AOF) HAS OPERATED AS THE CHARITABLE HEART OF THE OSTEOPATHIC PROFESSION. AOF ACCOMPLISHES THIS BY PROVIDING FINANCIAL SUPPORT TO PROMOTE, ENCOURAGEAND DISSEMINATE THE PRINCIPLES AND PRACTICE OF OSTEOPATHIC MEDICINE. THE AOF IS THE ONLY NATIONAL OSTEOPATHIC FOUNDATION THAT SUPPORTS AND INVESTS IN THE WHOLE PROFESSION BY RECOGNIZING OSTEOPATHIC STUDENTS, RESIDENTS AND PRACTICING PHYSICIANS BASED ON PROFESSIONAL MERIT.EDUCATION: THE AMERICAN OSTEOPATHIC FOUNDATION (AOF) PROVIDES EDUCATIONAL SCHOLARSHIPS TO OSTEOPATHIC MEDICAL STUDENTS IN AN EFFORT TO DEFRAY COSTS OF MEDICAL SCHOOL.
RECOGNITION AWARDS: THE AOF'S INDUSTRY RECOGNITION AWARDS CELEBRATE EXCELLENCE IN EDUCATION, RESEARCH, AND ACADEMIC LEADERSHIP THROUGHOUT TO THE OSTEOPATHIC PROFESSION.
RESEARCH: THE AOF'S FUNDING HAS GROWN AS THE OSTEOPATHIC COMMUNITY EXPLORES NEW AND INNOVATIVE RESEARCH. AOF SUPPORTS OSTEOPATHIC RESEARCHERS WHO EXPLORE NEW MEDICAL INSIGHTS AND MODALITIES TO ENHANCE PATIENT CENTERED CARE. AOF GRANTS SUPPORT EARLY INVESTIGATORS AND ENCOURAGE THE PURSUIT OF KNOWLEDGE THROUGHOUT THEIR CAREERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rita Forden Chief Executive Officer | Officer | 37.5 | $254,905 |
Richard Blair Finance Director | 37.5 | $116,046 | |
Martin S Levine DO Past President | OfficerTrustee | 2 | $0 |
Jeffrey Grove DO President | OfficerTrustee | 4 | $0 |
Barbara Ross-Lee DO President Elect | OfficerTrustee | 2 | $0 |
Jeffrey Heatherington Vice President | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $521,852 |
| Related organizations | $0 |
| Government grants | $241,846 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,665,941 |
| Noncash contributions included in lines 1a–1f | $36,250 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,429,639 |
| Total Program Service Revenue | $0 |
| Investment income | $367,023 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $553,944 |
| Net Income from Fundraising Events | -$36,779 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,314,044 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $84,425 |
| Grants and other assistance to domestic individuals. | $255,022 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $277,547 |
| Compensation of current officers, directors, key employees. | $91,591 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $440,725 |
| Pension plan accruals and contributions | $28,764 |
| Other employee benefits | $71,635 |
| Payroll taxes | $48,632 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $24,331 |
| Fees for services: Accounting | $21,450 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $50,053 |
| Fees for services: Other | $112,574 |
| Advertising and promotion | $0 |
| Office expenses | $24,371 |
| Information technology | $109,015 |
| Royalties | $0 |
| Occupancy | $78,537 |
| Travel | $22,865 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3,466 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,352 |
| Insurance | $6,558 |
| All other expenses | $0 |
| Total functional expenses | $1,724,161 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $739,693 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $926,615 |
| Accounts receivable, net | $1,526 |
| 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 | $21,404 |
| Net Land, buildings, and equipment | $10,824 |
| Investments—publicly traded securities | $17,565,304 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $19,265,366 |
| Accounts payable and accrued expenses | $90,876 |
| Grants payable | $20,420 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $14,890 |
| 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 | $64,792 |
| Total liabilities | $190,978 |
| Net assets without donor restrictions | $13,539,247 |
| Net assets with donor restrictions | $5,535,141 |
| 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 | $19,265,366 |
Grants Awarded
Over the last fiscal year, American Osteopathic Foundation Inc has awarded $84,425 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
Chicago, IL PURPOSE: EDUCATIONAL GRANTHEALTH POLICY FELLOWSHIP PROGRAM $22,150 AND LGBTQIA+ HEALTH EQUITY AND INCLUSION GRANT $10,000 | $32,105 |
Augusta, KS PURPOSE: CARING FOR COMMUNITIES - COMMUNITY SERVICES GRANT | $20,000 |
Blacksburg, VA PURPOSE: RESEARCH GRANT | $12,500 |
Fort Wayne, IN PURPOSE: RESEARCH GRANT | $9,960 |
Paterson, NJ PURPOSE: RESEARCH GRANT | $9,860 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that American Osteopathic Foundation Inc has recieved totaling $107,881.
| Awarding Organization | Amount |
|---|---|
American Osteopathic Association Chicago, IL PURPOSE: AOF WELCH SCHOLARS GRANT FUND; AOF/AOA PRESIDENTIAL MEMORIAL LEADERSHIP AWARD ENDOWMENT IMO FLOYD KENGEL D.O.; | $37,750 |
Heatherington Foundation For Innovation And Education In Healt Portland, OR PURPOSE: FUND AOF PRIORITY AREAS (SCHOLARSHIPS, RESEARCH, COMMUNITY SERVICE PROJECTS, INTERNATIONAL MEDICAL OUTREACH, OSTEOPATHIC RECOGNITION) | $35,000 |
Pharmaceutical Research And Manufacturers Of America Washington, DC PURPOSE: General Contribution | $25,000 |
Heatherington Foundation For Innovation And Education In Healt Portland, OR PURPOSE: WELCH SCHOLARSHIP | $10,000 |
Dr Dominic & Helen Bitonte Family Foundation Columbus, OH PURPOSE: GENERAL SUPPORT | $100 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $31 |
Endowment Analysis
| Beg. Balance | $11,920,198 |
| Earnings | $1,256,573 |
| Admin Expense | $149,547 |
| Net Contributions | $1,047,089 |
| Grants | $155,798 |
| Ending Balance | $13,918,515 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American College Of Chest Physicians Glenview, IL | $44,983,631 | $16,629,705 |
Academy Of General Dentistry Chicago, IL | $42,353,738 | $16,214,063 |
American Association For Accreditation Of Ambulatory Surger Gurnee, IL | $14,762,694 | $10,355,412 |
American Association Of Equine Practitioners Lexington, KY | $8,765,231 | $7,398,673 |
American Dental Hygientists Association Chicago, IL | $4,138,948 | $5,518,461 |
National Certification Corporation For Obstetric Gynecologic & Neonat Chicago, IL | $33,466,629 | $9,072,961 |
Orthopedic Foundation For Animals Columbia, MO | $9,920,954 | $4,913,503 |
Orthopedic Trauma Association Inc Rosemont, IL | $18,754,777 | $3,722,577 |
American Board Of Preventive Medicine Chicago, IL | $17,000,125 | $5,893,663 |
Kentucky Medical Assn Louisville, KY | $5,977,584 | $2,527,003 |
Indiana Dental Association Indianapolis, IN | $5,179,468 | $2,299,278 |
Iowa Medical Society Des Moines, IA | $8,413,197 | $2,540,807 |