Milwaukee Academy Of Medicine Inc
- Assets
- $724.1k
- Revenue
- $72.0k
- Investments
- $0.0
- Employees
- 1
- Location
- Milwaukee, WI
- Founding
- 02/1929
- Data as of
- 12/2021
- EIN
- 39-0866519
Organization Overview
Milwaukee Academy Of Medicine Inc is located in Milwaukee, WI. The organization was established in 1929. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Milwaukee Academy Of Medicine 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, Milwaukee Academy Of Medicine Inc generated $72.0k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.3%) each year. All expenses for the organization totaled $49.8k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (9.2%) per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MILWAUKEE ACADEMY OF MEDICINE IS DEDICATED TO THE ADVANCEMENT OF SCIENCE AND MEDICINE, EDUCATION, PROFESSIONAL COLLEGIALITY, PUBLIC SERVICE AND THE PRESERVATION OF OUR MEDICAL HERITAGE. ADDITIONALLY, THE ACADEMY IS A MEMBERSHIP ASSOCIATION FOR PHYSICIANS IN SOUTHEASTERN WISCONSIN. PROGRAMS OF INTEREST, MEDICAL AS WELL AS SOCIO-ECONOMIC TOPICS ARE PRESENTED AT A MONTHLY PROGRAMING EVENT. PHYSICIANS EARN CONTINUING MEDICAL EDUCATION CREDITS FOR ATTENDANCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DINNER SPEAKERS FOR THE PROMOTION OF MEDICAL SCIENCE. EIGHT VIRTUAL MEETINGS TOOK PLACE DURING 2021 WITH AN AVERAGE ATTENDANCE OF 29 PEOPLE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Angela Laluzerne Executive Director | Officer | 20 | $27,996 |
Rita Hanson MD President | Officer | 1 | $0 |
Carol Pohl MD Treasurer | Officer | 0.5 | $0 |
Ellen Blank MD Secretary | Officer | 0.5 | $0 |
Walt Wojcik Trustee | Trustee | 0.25 | $0 |
Mary Wolverton JD Trustee | Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $12,355 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,650 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $15,005 |
| Total Program Service Revenue | $50 |
| Investment income | $6,659 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $50,259 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $71,973 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $27,996 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,142 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,178 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $7,938 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $356 |
| Information technology | $118 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $395 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,147 |
| All other expenses | $112 |
| Total functional expenses | $49,822 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,226 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $900 |
| 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 | $110 |
| Net Land, buildings, and equipment | $1 |
| Investments—publicly traded securities | $511,076 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $202,741 |
| Total assets | $724,054 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $724,054 |
| 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 | $724,054 |
Endowment Analysis
| Beg. Balance | $447,842 |
| Earnings | $88,234 |
| Admin Expense | $25,000 |
| Ending Balance | $511,076 |
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