American Academy Of Allergy
- Assets
- $32.9m
- Revenue
- $15.9m
- Investments
- $0.0
- Employees
- 0
- Location
- Milwaukee, WI
- Founding
- 04/1950
- Data as of
- 12/2022
- EIN
- 39-6061326
Organization Overview
American Academy Of Allergy is located in Milwaukee, WI. The organization was established in 1950. 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. American Academy Of Allergy 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 Allergy generated $15.9m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.4% each year. All expenses for the organization totaled $13.3m during the year ending 12/2022. While expenses have increased by 2.0% 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.
Since 2014, American Academy Of Allergy has awarded 44 individual grants totaling $2,113,200. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE ADVANCEMENT AND PRACTICE OF ALLERGY AND IMMUNOLOGY THROUGH MEETINGS, EDUCATION, AND BY PROMOTING AND STIMULATING RESEARCH AND STUDY FOR OPTIMAL PATIENT CARE.
Describe the Organization's Program Activity:
ANNUAL MEETING ANNUAL CONFERENCE DESIGNED HOLD VARIOUS SEMINARS, MEETINGS, AND EDUCATIONAL ACTIVITIES TO EDUCATE AND SHARE THE LATEST ADVANCES IN THE RESEARCH, DIAGNOSIS AND TREATMENT OF ALLERGIC AND IMMUNOLOGIC DISEASE. THIS IS DONE THROUGH A NATIONAL ANNUAL MEETING, REGIONAL LOCAL AND OTHER LIVE CONFERENCES AND AN ARRAY OF WRITTEN, AUDIO, VIDEO AND MULTIMEDIA ENDURING MATERIALS.
PUBLICATIONS PUBLICATION OF THE JOURNAL OF ALLERGY AND CLINICAL IMMUNOLOGY, JOURNAL OF ALLERGY AND CLINICAL IMMUNOLOGY GLOBAL, AND THE JOURNAL OF ALLERGY AND CLINICAL IMMUNOLOGY IN PRACTICE, AND OTHER NEWSLETTERS REGARDING DEVELOPMENTS IN THE ALLERGY AND IMMUNOLOGY FIELDS.
ALL REMAINING RESEARCH AND TRAINING ACTIVITIES TO ENCOURAGE FURTHER DEVELOPMENT IN SPECIFIC AREAS OF ALLERGIC AND IMMUNOLOGIC DISEASE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David A Khan MD President | OfficerTrustee | 5 | $50,000 |
Jonathan A Bernstein MD President-Elect | OfficerTrustee | 5 | $0 |
Paul V Williams MD Secretary-Treasurer | OfficerTrustee | 5 | $0 |
Giselle Mosnaim MD Immediate Past President | OfficerTrustee | 15 | $0 |
Stuart L Abramson MD PHD Director | Trustee | 2 | $0 |
Cem Akin MD PHD Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Executive Director Inc Management And Meeting Planning | 12/30/22 | $5,391,439 |
Hart Health Strategies Inc Advocacy Services | 12/30/22 | $162,000 |
Arbormetrix Inc Registry Services | 12/30/22 | $153,000 |
Medscapre Llc Education Project Management | 12/30/22 | $361,688 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,930,844 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $416,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,346,844 |
| Total Program Service Revenue | $10,000,156 |
| Investment income | $621,710 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $2,452,344 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $328,294 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $15,908,596 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $120,000 |
| 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 | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $5,444,831 |
| Fees for services: Legal | $34,105 |
| Fees for services: Accounting | $42,048 |
| Fees for services: Lobbying | $162,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $26,975 |
| Fees for services: Other | $875,851 |
| Advertising and promotion | $349,376 |
| Office expenses | $259,531 |
| Information technology | $627,319 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $700,215 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,370,001 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $74,714 |
| Insurance | $67,511 |
| All other expenses | $20,484 |
| Total functional expenses | $13,334,976 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,916,941 |
| Savings and temporary cash investments | $594,226 |
| Pledges and grants receivable | $199,398 |
| Accounts receivable, net | $947,439 |
| 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 | $541,213 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $18,422,309 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $232,023 |
| Total assets | $32,853,549 |
| Accounts payable and accrued expenses | $522,713 |
| Grants payable | $37,500 |
| Deferred revenue | $3,984,385 |
| 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 | $4,544,598 |
| Net assets without donor restrictions | $27,901,130 |
| Net assets with donor restrictions | $407,821 |
| 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 | $32,853,549 |
Grants Awarded
Over the last fiscal year, American Academy Of Allergy has awarded $120,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
YALE UNIVERISTY PURPOSE: EDUCATOR DEVELOPMENT AWARD | $45,000 |
AMERICAN LUNG ASSOCIATION PURPOSE: RESPIRATORY DISEASES RESEARCH AWARD | $75,000 |