American Chiropractic Association Inc
- Assets
- $7.6m
- Revenue
- $4.6m
- Investments
- $0.0
- Employees
- 25
- Location
- Arlington, VA
- Founding
- 12/2019
- Data as of
- 06/2023
- EIN
- 42-0431375
Organization Overview
American Chiropractic Association Inc is located in Arlington, VA. The organization was established in 2019. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. As of 06/2023, American Chiropractic Association Inc employed 25 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. American Chiropractic Association Inc 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 06/2023, American Chiropractic Association Inc generated $4.6m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.7%) each year. All expenses for the organization totaled $4.4m during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (2.2%) 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO SERVE AS A REPRESENTATIVE MEMBERSHIP ORGANIZATION FOR THE CHIROPRACTIC PROFESSION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GOVERNMENT RELATIONS, INSURANCE AND LEGAL ADVOCACY - THE PROFESSION'S LEADERSHIP ORGANIZATION SERVES AS AN AGGRESSIVE ADVOCATE FOR THE CHIROPRACTIC PROFESSION AND THEIR PATIENTS. ACA SEEKS OPEN ACCESS TO AND UTILIZATION OF SAFE, EFFECTIVE, AFFORDABLE, NATURAL CHIROPRACTIC CARE FOR ALL THROUGH FULL INTEGRATION OF DOCTORS OF CHIROPRACTIC INTO THE HEALTHCARE DELIVERY SYSTEM. ACA ACCOMPLISHES THIS BY DEVOTING A SUBSTANTIAL PART OF ITS RESOURCES TO ISSUES THAT AFFECT PUBLIC POLICY AND LEGISLATION, BY SEEKING PARITY IN REIMBURSEMENT OF ITS MEMBERS FROM INSURANCE COMPANIES, IMPROVING THE QUALITY OF TREATMENT AND BY CARRYING OUT A DYNAMIC STRATEGIC PLAN TO HELP ENSURE THE PROFESSIONAL GROWTH AND SUCCESS OF DOCTORS OF CHIROPRACTIC. FUNDRAISING COSTS ASSOCIATED WITH RAISING FUNDS FOR THE LEGAL ACTION FUND ARE INCLUDED IN THIS CATEGORY.
PUBLIC AWARENESS AND EDUCATION - THE ACA STRIVES TO PROVIDE THE GENERAL PUBLIC WITH INFORMATION ABOUT CHIROPRACTIC AND ITS EFFECTIVENESS. THIS IS DONE LARGELY THROUGH PRESS RELEASES, INTERVIEWS WITH THE MEDIA, ADVERTISEMENTS IN NATIONAL PUBLICATIONS, AND SPECIFIC PUBLICATIONS FOR THE GENERAL PUBLIC.
MEMBERSHIP SERVICES AND PRODUCTS - ACA DEVOTES A SIGNIFICANT PORTION OF ITS RESOURCES TO SERVING ITS EXISTING MEMBERS. SERVICES SPECIFICALLY DESIGNED AS MEMBER BENEFITS INCLUDE A VARIETY OF DISCOUNTS ON AFFINITY PRODUCTS, BOOKS, BROCHURES AND PAMPHLETS FOR SALE THAT ARE DESIGNED TO IMPROVE PRACTICE MANAGEMENT, CLINICAL DOCUMENTATION, AND INFORMATION ON VARIOUS PROFESSIONAL DEVELOPMENTS, AND EDUCATIONAL SEMINARS FOR CONTINUING PROFESSIONAL EDUCATION. THE COSTS OF RETAINING MEMBERS ARE INCLUDED IN THIS PROGRAM.
PUBLICATIONS - JOURNAL OF MANIPULATIVE AND PHYSIOLOGICAL THERAPEUTICS (JMPT), ACA CONNECTS (ELECTRONIC NEWSLETTER), AND OTHER NEWSLETTERS PUBLISHED BY VARIOUS COUNCILS PROVIDE VALUABLE INFORMATION ABOUT ACA'S ACTIVITIES AND NEW DEVELOPMENTS IN THE FIELD OF RESEARCH, CONTINUING EDUCATION AND REIMBURSEMENT ISSUES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Martin Dc President - Current | OfficerTrustee | 20 | $900 |
Marcus Nynas Dc Vice President - Current | OfficerTrustee | 5 | $400 |
Eric Benson Dc Board Member | Trustee | 5 | $1,100 |
Leo J Bronston Dc Board Member | Trustee | 5 | $2,400 |
Steven Roberts JD Board Member | Trustee | 5 | $200 |
Maithy Ta Dc Board Member | Trustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Capital Consulting Group Lobbying | 6/29/23 | $150,000 |
Prosourcing Partners Accounting | 6/29/23 | $130,207 |
Thomas R Daly Legal Services | 6/29/23 | $120,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $501,494 |
| All other contributions, gifts, grants, and similar amounts not included above | $20,499 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $521,993 |
| Total Program Service Revenue | $3,309,880 |
| Investment income | $64,751 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $364,338 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $14,032 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $951 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,555,826 |
| 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. | $354,401 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,673,993 |
| Pension plan accruals and contributions | $21,862 |
| Other employee benefits | $79,818 |
| Payroll taxes | $138,429 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $122,107 |
| Fees for services: Accounting | $10,830 |
| Fees for services: Lobbying | $267,500 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $28,902 |
| Fees for services: Other | $290,205 |
| Advertising and promotion | $156,729 |
| Office expenses | $251,097 |
| Information technology | $200,634 |
| Royalties | $0 |
| Occupancy | $62,907 |
| Travel | $393,453 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $85,294 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $101,652 |
| Insurance | $34,526 |
| All other expenses | $0 |
| Total functional expenses | $4,353,767 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,131,915 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $76,241 |
| 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 | $65,237 |
| Net Land, buildings, and equipment | $1,781,254 |
| Investments—publicly traded securities | $3,310,922 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $268,530 |
| Total assets | $7,634,099 |
| Accounts payable and accrued expenses | $295,437 |
| Grants payable | $0 |
| Deferred revenue | $159,690 |
| 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 | $57,746 |
| Total liabilities | $512,873 |
| Net assets without donor restrictions | $6,942,272 |
| Net assets with donor restrictions | $178,954 |
| 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 | $7,634,099 |