American Academy Of Allergy Asthma & Immunology Foundation Inc
- Assets
- $19.4m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 0
- Location
- Milwaukee, WI
- Founding
- 06/2012
- Data as of
- 12/2022
- EIN
- 45-1495723
Organization Overview
American Academy Of Allergy Asthma & Immunology Foundation Inc is located in Milwaukee, WI. The organization was established in 2012. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, 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. American Academy Of Allergy Asthma & Immunology Foundation 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 12/2022, American Academy Of Allergy Asthma & Immunology Foundation Inc generated $1.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.1% each year. All expenses for the organization totaled $1.1m during the year ending 12/2022. While expenses have increased by 7.4% per year over the past 7 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 Asthma & Immunology Foundation Inc has awarded 64 individual grants totaling $5,373,282. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO FIND TREATMENTS AND CURES FOR THE MILLIONS OF PEOPLE SUFFERING FROM ALLERGIES, ASTHMA AND OTHER IMMUNOLOGIC DISEASES BY SUPPORTING EDUCATION AND RESEARCH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION FUNDS FOUR FACULTY DEVELOPMENT AWARDS ANNUALLY. THESE RESEARCH AWARDS SUPPORT THE RESEARCH EFFORTS OF JUNIOR FACULTY MEMBERS IN THE FIELD OF ALLERGY/IMMUNOLOGY TO LEAD TO THE PREVENTION AND CURE OF ASTHMA AND ALLERGIC AND IMMUNOLOGIC DISEASE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David A Khan MD President | OfficerTrustee | 2 | $0 |
Jonathan A Bernstein MD President-Elect | OfficerTrustee | 2 | $0 |
Paul V Williams MD Secretary-Treasurer | OfficerTrustee | 2 | $0 |
Giselle Mosnaim MD Immediate Past President | OfficerTrustee | 2 | $0 |
Stuart L Abramson MD PHD Director | Trustee | 2 | $0 |
Cem Akin MD PHD Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $116,250 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $263,236 |
| Noncash contributions included in lines 1a–1f | $9,817 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $379,486 |
| Total Program Service Revenue | $358,050 |
| Investment income | $609,084 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $320,793 |
| Net Income from Fundraising Events | $194,932 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,862,345 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $960,000 |
| 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 | $122,150 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,485 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $26,503 |
| Fees for services: Other | $257 |
| Advertising and promotion | $606 |
| Office expenses | $5,720 |
| Information technology | $4,258 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,976 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $8,094 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,141,527 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,015,028 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,830 |
| 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 | $38,179 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $18,300,967 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $19,357,004 |
| Accounts payable and accrued expenses | $642 |
| Grants payable | $1,440,000 |
| Deferred revenue | $551,241 |
| 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 | $884 |
| Total liabilities | $1,992,767 |
| Net assets without donor restrictions | $17,364,237 |
| 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 | $19,357,004 |
Grants Awarded
Over the last fiscal year, American Academy Of Allergy Asthma & Immunology Foundation Inc has awarded $960,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
BETH ISRAEL DEACONESS MEDICAL CENTER INC PURPOSE: FACULTY DEVELOPMENT AWARD | $240,000 |
ICAHN SCHOOL OF MEDICINE AT MOUNT SINAI PURPOSE: FACULTY DEVELOPMENT AWARD | $240,000 |
MAYO CLINIC RESEARCH PURPOSE: FACULTY DEVELOPMENT AWARD | $240,000 |
NATIONAL JEWISH HEALTH PURPOSE: FACULTY DEVELOPMENT AWARD | $240,000 |