Alpha Omega Alpha Honor Medical Society
- Assets
- $26.5m
- Revenue
- $2.3m
- Investments
- $25.6m
- Employees
- 7
- Location
- Aurora, CO
- Founding
- 09/1960
- Data as of
- 08/2023
- EIN
- 36-6082049
Organization Overview
Alpha Omega Alpha Honor Medical Society is located in Aurora, CO. The organization was established in 1960. According to its NTEE Classification (B83) the organization is classified as: Student Sororities & Fraternities, under the broad grouping of Education and related organizations. As of 08/2023, Alpha Omega Alpha Honor Medical Society employed 7 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Alpha Omega Alpha Honor Medical Society 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 08/2023, Alpha Omega Alpha Honor Medical Society generated $2.3m in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (1.7%) each year. All expenses for the organization totaled $2.7m during the year ending 08/2023. 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
ALPHA OMEGA ALPHA FOUNDED IN 1902 IS THE NATIONAL MEDICAL HONOR SOCIETY. ITS MISSION STATEMENT IS AS FOLLOWS: ALPHA OMEGA ALPHA IS DEDICATED TO THE BELIEF THAT IN THE PROFESSION OF MEDICINE WUKK UNORIVE CARE FOR ALL BY RECOGNIZING EDUCATIONAL ACHIEVEMENT; HONORING GIFTED TEACHING; ENCOURAGING THE DEVELOPMENT OF LEADERS IN ACADEMIA AND THE COMMUNITY; SUPPORTING IDEALS OF HUMANISM; AND PROMOTING SERVICE TO OTHERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PHAROS HAS BEEN PUBLISHED SINCE 1938 AND IS NAMED FOR ONE OF THE SEVEN WONDERS OF THE ANCIENT WORLD, THE PHAROS LIGHTHOUSE OF ALEXANDRIA. ALPHA OMEGA ALPHA'S QUARTERLY MEDICAL HUMANITIES JOURNAL PUBLISHES SCHOLARLY ESSAYS COVERING A WIDE ARRAY OF NONTECHNICAL MEDICAL SUBJECTS, INCLUDING MEDICAL HISTORY, ETHICS, AND MEDICAL RELATED LITERATURE.
THE REMAINING PROGRAMS AT ALPHA OMEGA ALPHA ARE AS FOLLOWS: CHAPTER AND MEMBER SERVICES PROVIDES DIRECT SUPPORT TO ALL MEMBERS AND THE LOCAL CHAPTERS THAT SUPPORT THESE MEMBERS. VISITING PROFESSORS IS A PROGRAM THAT PROVIDES FUNDING SUPPORT FOR MEDICAL SCHOOLS TO HOST A VISITNG PROFESSOR DURING THE ACADEMIC YEAR. THE INSIGNIA PROGRAM PROVIDES PHYSICAL HARDWARE THAT ACKNOWLEDGES AOA MEMBERSHIP IN THE FORM OF CERTIFICATES, PINS, ETC. THE DISTINGUISHED TEACHER PROGRAM ACKNOWLEDGES TEACHERS THAT PERFORM EXCEPTIONALLY AND ARE RECOGNIZED BY THEIR PEERS. THE PROFESSIONALISM PROGRAM ACKNOWLEDGES PROFESSIONALS BY THEIR PEERS FOR OUTSTANDING ACHIEVEMENTS. INCLUSION, DIVERSITY, AND EQUITY AWARD RECOGNIZES MEDICAL SCHOOLS AND THEIR ASSOCIATED AOA CHAPTER THAT DEMONSTRATE THE IDEALS OF INCLUSION, DIVERSITY, AND EQUITY IN SERVICE TO THE COMMUNITY.
THE STUDENT RESEARCH PROGRAMS FOSTER THE DEVELOPMENT OF THE NEXT GENERATION OF MEDICAL RESEARCHERS.
THE LEADERSHIP PROGRAM RECOGNIZES AND SUPPORTS THE DEVELOPMENT OF MID-CAREER PHYSICIANS TO BECOME LEADERS IN MEDICINE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lynn Cleary Immediate Past President | OfficerTrustee | 2 | $0 |
Steve Wartman President | OfficerTrustee | 2 | $0 |
Peter Bates Member At Large | Trustee | 1 | $0 |
Atul Grover Secretary/treasurer | Trustee | 1 | $0 |
Holly Humphrey President Elect | Trustee | 1 | $0 |
Lynne Kirk Member At Large | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,859,449 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $210,687 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,070,136 |
| Total Program Service Revenue | $189,481 |
| Investment income | $36,679 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| 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 | $2,296,296 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $591,834 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $548,890 |
| Compensation of current officers, directors, key employees. | $109,778 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $243,079 |
| Pension plan accruals and contributions | $73,515 |
| Other employee benefits | $70,309 |
| Payroll taxes | $51,414 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,962 |
| Fees for services: Accounting | $94,702 |
| Fees for services: Lobbying | $3,423 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $51,270 |
| Fees for services: Other | $243,231 |
| Advertising and promotion | $0 |
| Office expenses | $67,521 |
| Information technology | $24,575 |
| Royalties | $0 |
| Occupancy | $92,682 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $80,128 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $6,646 |
| All other expenses | $0 |
| Total functional expenses | $2,747,333 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $710,163 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $25,619,718 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $219,844 |
| Total assets | $26,549,725 |
| Accounts payable and accrued expenses | $171,624 |
| Grants payable | $388,496 |
| Deferred revenue | $9,961,124 |
| 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 | $183,598 |
| Total liabilities | $10,704,842 |
| Net assets without donor restrictions | $15,718,443 |
| Net assets with donor restrictions | $126,440 |
| 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 | $26,549,725 |