American Academy Of Physical Medicine And Rehabilitation
- Assets
- $28.6m
- Revenue
- $13.9m
- Investments
- $0.0
- Employees
- 57
- Location
- Rosemont, IL
- Founding
- 04/1950
- Data as of
- 12/2022
- EIN
- 36-6103317
Organization Overview
American Academy Of Physical Medicine And Rehabilitation is located in Rosemont, IL. The organization was established in 1950. According to its NTEE Classification (E03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Health Care and related organizations. As of 12/2023, American Academy Of Physical Medicine And Rehabilitation employed 57 individuals. This organization is the central organization for a national or regional group of organizations. American Academy Of Physical Medicine And Rehabilitation 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 12/2022, American Academy Of Physical Medicine And Rehabilitation generated $13.9m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.4% each year. All expenses for the organization totaled $12.5m during the year ending 12/2022. While expenses have increased by 2.2% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO ADVANCE THE SPECIALTY OF PHYSICAL MEDICINE AND REHABILITATION, PROMOTE EXCELLANCE IN PHYSIATRIC PRACTICE, AND ADVOCATE ON PUBLIC POLICY ISSUES RELATED TO PERSONS WITH DISABLING CONDITIONS.
Describe the Organization's Program Activity:
ANNUAL ASSEMBLY - THE ANNUAL ASSEMBLY IS THE PREMIER ANNUAL SCIENTIFIC EDUCATIONAL CONFERENCE FOR PHYSICAL MEDICINE AND REHABILITATION PHYSICIANS. OVER 2,000 PHYSICIANS ATTEND THE ASSEMBLY TO PARTICIPATE IN COURSES, PLENARY SESSIONS AND WORKSHOPS, WHICH ARE ORGANIZED INTO TRACKS. ADDITIONALLY, THE POSTER PRESENTATIONS REPORT THE LATEST RESEARCH IN THE FIELD OF PM&R AND EXHIBITS ARE HOSTED.
PUBLICATIONS AND COMMUNICATIONS - THE ACADEMY PROVIDES A MONTHLY SCIENTIFIC JOURNAL (PM&R)TO THE MEMBERS. THE ACADEMY ALSO PROVIDES A PRINT NEWSLETTER 10 TIMES PER YEAR, A BI-WEEKLY ONLINE NEWSLETTER, MONTHLY RESIDENT NEWSLETTER, QUARTERLY COUNCIL NEWSLETTERS, AND MEMBER EMAIL BLASTS THAT COMUNICATE UPDATES IN THE FIELD OF PM&R, ACTIVITIES OF THE ACADEMY, ITS MEMBERS AND STRATEGIC COMMITTEES. THE ACADEMY OFFERS PHYZFORUM, AN ONLINE MEMBER COMMUNITY, AND ASSESSES MEMBER NEEDS THROUGH MARKET RESEARCH STUDIES. THE ACADEMY WEBSITE IS A RESOURCE FOR MEMBERS AS WELL AS THE PUBLIC. THE ACADEMY CONTINUES TO RAISE AWARENESS OF THE BENEFITS OF REHABILITATION AND THE FIELD THROUGH THE WEBSITE AND PATIENT EDUCATION BROCHURES.
HPPS/QUALITY - THE ACADEMY HELPS OUR MEMBERS NAVIGATE THE CONTINUOUS CHANGES TO GUIDELINES, REPORTING MEASURES, AND OTHER PRACTICE REQUIREMENTS. THE ACADEMY IS COMMITTED TO PROVIDING RESOURCES AND SUPPORT TO HELP DEFINE PHYSIATRY'S VALUE IN MEDICINE AND LEAD PHYSIATRISTS THROUGH THE TRANSITIONS OCCURING IN THE BUSINESS OF HEALTH CARE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stuart M Weinstein MD Past President (outgoing) | OfficerTrustee | 0 | $0 |
Deborah A Venesey MD Past President | OfficerTrustee | 5 | $0 |
Steven R Flanagan MD President | OfficerTrustee | 5 | $0 |
Scott R Laker MD Vice President | OfficerTrustee | 5 | $0 |
Thiru M Annaswamy MD MA Strategic Committee Chair | Trustee | 2 | $0 |
John C Cianca MD Strategic Committee Chair | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Association Technologies Inc Database Consulting | 12/30/22 | $323,125 |
Conventus Media Llc Exhibit Management Services | 12/30/22 | $463,374 |
Xerillion Corporation Technology Services | 12/30/22 | $246,047 |
Arbormetrix Inc Technology Services | 12/30/22 | $240,000 |
Scott Circle Communications Public Relations Services | 12/30/22 | $185,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,025,209 |
| 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 | $1,025,209 |
| Total Program Service Revenue | $11,950,164 |
| Investment income | $635,415 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $254,625 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $13,865,413 |
| 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. | $1,680,394 |
| Compensation of current officers, directors, key employees. | $241,204 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,964,797 |
| Pension plan accruals and contributions | $45,373 |
| Other employee benefits | $264,089 |
| Payroll taxes | $359,137 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $33,114 |
| Fees for services: Lobbying | $135,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $81,158 |
| Fees for services: Other | $1,373,033 |
| Advertising and promotion | $0 |
| Office expenses | $575,545 |
| Information technology | $1,263,527 |
| Royalties | $0 |
| Occupancy | $427,189 |
| Travel | $392,875 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,267,623 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $210,723 |
| Insurance | $0 |
| All other expenses | $13,279 |
| Total functional expenses | $12,475,990 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,378,104 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $661,382 |
| 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 | $486,259 |
| Net Land, buildings, and equipment | $296,646 |
| Investments—publicly traded securities | $15,986,278 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,833,567 |
| Total assets | $28,642,236 |
| Accounts payable and accrued expenses | $1,618,210 |
| Grants payable | $0 |
| Deferred revenue | $4,131,783 |
| 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 | $4,469,941 |
| Total liabilities | $10,219,934 |
| Net assets without donor restrictions | $18,422,302 |
| 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 | $28,642,236 |