American Osteopathic Academy Of Orthopedics
- Assets
- $5.5m
- Revenue
- $2.9m
- Investments
- $0.0
- Employees
- 1
- Location
- Richmond, VA
- Founding
- 02/1966
- Data as of
- 09/2024
- EIN
- 38-6073712
Organization Overview
American Osteopathic Academy Of Orthopedics is located in Richmond, VA. The organization was established in 1966. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Osteopathic Academy Of Orthopedics 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 09/2024, American Osteopathic Academy Of Orthopedics generated $2.9m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.6% each year. All expenses for the organization totaled $2.5m during the year ending 09/2024. While expenses have increased by 7.5% 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
TO CONTINUE TO CONDUCT, OPERATE, MAINTAIN, SPONSOR AND PROMOTE THE ESTABLISHMENT OF A SPECIALIZED GROUP OF THE AMERICAN OSTEOPATHIC ASSOCIATION AND TO CONTINUE TO ENCOURAGE RESEARCH AND STUDY IN THE SCIENCE AND PRACTICE OF ORTHOPEDICS FOR THE BENEFIT OF ALL MANKIND.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THROUGH ITS CONTINUING MEDICAL EDUCATION PLANNING COMMITTEE, THE ACADEMY PROVIDES QUALITY EDUCATION THROUGH ACTIVITIES THAT INCLUDE QUALITY SPEAKERS ON A VARIETY OF TOPICS ON ORTHOPEDIC SURGERY. THE BENEFIT OF DIDACTIC LECTURES AND HANDS-ON PROGRAMS AND SIMULATION LABS PROVIDE THE RESOURCES NEEDED BY AOAO MEMBERS TO PROVIDE SUCH SAFE AND QUALITY HEALTHCARE TO PATIENTS.
THE ACADEMY PROVIDES ITS MEMBERS WITH A PERIODIC NEWSLETTER, JOURNAL AND INFORMATIVE WEBSITE THAT COMMUNICATES ADVOCACY OF THE OSTEOPATHIC ORTHOPEDIC PROFESSION, UPDATES ON MEMBER SERVICES, HISTORICAL DATA AND SCIENTIFIC ARTICLES OF INTEREST TO THE ORTHOPEDIC SURGEONS. THE ACADEMY ALSO PROVIDES AN OPPORTUNITY FOR SURGEON MEMBERS TO PROVIDE THEIR PRACTICE INFORMATION TO THE PUBLIC THROUGH ITS WEBSITE.
THROUGH ITS EVALUATING COMMITTEE, THE ACADEMY RECOMMENDS APPROVAL FOR OSTEOPATHIC ORTHOPEDIC RESIDENCY TRAINING TO THE AMERICAN OSTEOPATHIC ASSOCIATION (AOA), THE ACCREDITING BODY, EVALUATION AND/OR IMPROVEMENT OF CURRENT OSTEOPATHIC ORTHOPEDIC RESIDENCY PROGRAMS UNDER THE DIRECTION OF THE AOA, AND THE MAINTENANCE/UPGRADING OF COMPLIMENTARY RESIDENT CASE LOGGING SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dennis C Blackburn DO President | OfficerTrustee | 2 | $0 |
Sean Mcmillan DO Faoao 1st Vice President | OfficerTrustee | 1 | $0 |
Charles Orth DO Faoao 2nd Vice President | OfficerTrustee | 1 | $0 |
Miles L Singer DO Faoao 3rd Vice President | OfficerTrustee | 1 | $0 |
Richard Crank Jr DO Faoao Secretary-Treasurer | OfficerTrustee | 1 | $0 |
Edward Armbruster DO Faoao Immediate Past President | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,000 |
| Total Program Service Revenue | $2,451,236 |
| Investment income | $163,013 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $215,335 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,851,906 |
| 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. | $245,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $14,304 |
| Fees for services: Management | $618,389 |
| Fees for services: Legal | $250 |
| Fees for services: Accounting | $2,317 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $25,742 |
| Fees for services: Other | $1,714 |
| Advertising and promotion | $0 |
| Office expenses | $88,219 |
| Information technology | $24,148 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $26,456 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $5,335 |
| All other expenses | $131,880 |
| Total functional expenses | $2,542,233 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $604,400 |
| Savings and temporary cash investments | $296,952 |
| 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 | $219,227 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $4,388,897 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,509,476 |
| Accounts payable and accrued expenses | $33,731 |
| Grants payable | $0 |
| Deferred revenue | $932,878 |
| 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 | $0 |
| Total liabilities | $966,609 |
| Net assets without donor restrictions | $4,542,867 |
| 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 | $5,509,476 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Orthopaedic Society For Sports Medicine Rosemont, IL | $21,900,137 | $9,235,602 |
American Orthopaedic Association Rosemont, IL | $16,935,289 | $4,357,489 |
Association Of Bone & Joint Surgeons Schaumburg, IL | $37,269,330 | $4,409,182 |
American Sports Medicine Institute Inc St Louis, MO | $263,182 | $3,485,270 |
American Osteopathic Academy Of Orthopedics Richmond, VA | $5,509,476 | $2,851,906 |