Interstate Postgraduate Medical Association Of North America is located in Prospect Heights, IL. The organization was established in 2016. According to its NTEE Classification (H03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Medical Research and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Interstate Postgraduate Medical Association Of North America 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, Interstate Postgraduate Medical Association Of North America generated $785.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (6.7%) each year. All expenses for the organization totaled $1.2m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (1.9%) per year over the past 8 years. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE MEDICAL EDUCATION AND QUALITY IMPROVEMENT FOR MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANT PROJECTS AND ACCREDITATION: ADMINISTER RESEARCH PROJECTSAND PROVIDE ACCREDITATION SERVICES FOR CONTINUING EDUCATION PURPOSE.
ACTRIMS: IPMA PROVIDED GRANT MANAGEMENT AND ACCREDITATION SERVICES FOR THE AMERICAS COMMITTEE FOR TREATMENT AND RESEARCH IN MULITPLE SCLEROSIS 2022 ANNUAL FORUM, THE JOINT ACTRIMS/ECTRIMS MEETING, AND THE DIDACTIC SERIES.
ASCENT PHYSICIAN LEADERSHIP: ASCENT PHYSICIAN LEADERSHIP PROVIDES LEADERSHIP DEVELOPMENT AND EDUCATION FOR PHYSICIANS THROUGH A PEER GROUP BASED STRUCTURE. PHYSICIAN LEADERS MEET IN PERSON, THROUGH PHONE CALLS, WITH WEBINARS, AND WITH BOTH LIVE AND ON-DEMAND ADDITIONAL EDUCATIONAL ITEMS TO FURTHER THEIR LEADERSHIP SKILLS IN A COLLABORATIVE AND RESULTS ORIENTED STRUCTURE.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Tim Bartholow MD Chair | OfficerTrustee | 3 | $3,000 |
Doug Martin MD Vice Chair | OfficerTrustee | 2 | $5,000 |
Alvia Siddiqi MD Treasurer | OfficerTrustee | 2 | $2,500 |
Alejandro Aparicio MD Board Of Trustee | Trustee | 2 | $0 |
Jeff Hoffmann DO Board Of Trustee | Trustee | 2 | $0 |
Paul Reber DO Board Of Trustee | Trustee | 2 | $0 |
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 | $292,945 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $292,945 |
Total Program Service Revenue | $412,391 |
Investment income | $46,918 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $32,312 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $785,765 |
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. | $248,433 |
Compensation of current officers, directors, key employees. | $59,451 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $271,602 |
Pension plan accruals and contributions | $4,992 |
Other employee benefits | $16,263 |
Payroll taxes | $34,436 |
Fees for services: Management | $0 |
Fees for services: Legal | $3,653 |
Fees for services: Accounting | $12,607 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $18,718 |
Fees for services: Other | $402,438 |
Advertising and promotion | $818 |
Office expenses | $6,722 |
Information technology | $48,004 |
Royalties | $0 |
Occupancy | $0 |
Travel | $28,563 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $27,336 |
Interest | $17,774 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $2,196 |
Insurance | $3,893 |
All other expenses | $6,009 |
Total functional expenses | $1,185,321 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $15,643 |
Savings and temporary cash investments | $2,537 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $35,540 |
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 | $15,363 |
Net Land, buildings, and equipment | $3,391 |
Investments—publicly traded securities | $1,375,466 |
Investments—other securities | $689,581 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $2,137,521 |
Accounts payable and accrued expenses | $80,383 |
Grants payable | $0 |
Deferred revenue | $0 |
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 | $724,000 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $0 |
Total liabilities | $804,383 |
Net assets without donor restrictions | $966,361 |
Net assets with donor restrictions | $366,777 |
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 | $2,137,521 |