Accreditation Council For Continuing Medical Education
- Assets
- $14.0m
- Revenue
- $9.7m
- Investments
- $0.0
- Employees
- 32
- Location
- Chicago, IL
- Founding
- 10/2004
- Data as of
- 12/2021
- EIN
- 47-0941683
Organization Overview
Accreditation Council For Continuing Medical Education is located in Chicago, IL. The organization was established in 2004. According to its NTEE Classification (B60) the organization is classified as: Adult Education, under the broad grouping of Education and related organizations. As of 12/2021, Accreditation Council For Continuing Medical Education employed 32 individuals. This organization is the central organization for a national or regional group of organizations. Accreditation Council For Continuing Medical Education 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, Accreditation Council For Continuing Medical Education generated $9.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.3% each year. All expenses for the organization totaled $7.5m during the year ending 12/2021. While expenses have increased by 5.1% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ACCREDITATION INCLUDES CME STANDARDS DEVELOPMENT, PROMOTION OF THE STANDARDS TO EXTERNAL GROUPS AND STAKEHOLDERS AND THE PROCESS FOR INITIAL AND CONTINUING EVALUATION OF ORGANIZATIONS AND INSTITUTIONS THAT PROVIDE CME FOR PHYSICIANS. 232 ENTITIES WERE EVALUATED ATVARIOUS STAGES IN 2021.
EDUCATION INCLUDES LIVE, WEB-BASED AND TELECONFERENCE EDUCATION PROVIDED TO ACCREDITED CME PROVIDERS AND RECOGNIZED ORGANIZATIONS. IN 2021, ACCME PRESENTED 1 ON-LINE ACCREDITATION WORKSHOP DESIGNED TO TEACH ABOUT ACCME STANDARDS FOR CME AND THE REVIEW PROCESS FORACCME ACCREDITATION. ALSO IN 2021, ACCME CONVENED AN ON-LINE ANNUAL MEETING FOR CME PROVIDERS AND OTHER STAKEHOLDERS TO SHARE AND LEARN ABOUT BEST PRACTICES IN CME AND ACCREDITATION.
RECOGNITION INCLUDES RECOGNITION STANDARDS DEVELOPMENT AND IMPLEMENTATION TO SUPPORT THE RECOGNITION OF STATE MEDICAL SOCIETIES TO ACCREDIT INTRA-STATE PROVIDERS OF CME. 35 STATE MEDICAL SOCIETIES WERE EVALUATED AT VARIOUS STAGES IN 2021.
DATA SERVICES INCLUDE THE COLLECTION AND REPORTING OF CME ACTIVITY AND LEARNER DATA FOR PURPOSES OF PHYSICIAN RE-LICENSURE AND MAINTENANCE OF CERTIFICATION. IN 2021, ACCME PROVIDED CME COMPLETION DATA TO 7 CERTIFICATION BOARDS AND 8 STATE LICENSING BOARDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Graham Mcmahon Chief Executive Officer, Secre | Officer | 40 | $648,827 |
Kathleen Regnier Executive Vice President | 40 | $342,599 | |
Julianna T Cole VP Of Data And Info Services | 40 | $202,964 | |
Steve Singer VP Education And Outreach | 40 | $202,912 | |
Dion A Richetti VP Accreditation And Recognition | 40 | $195,915 | |
Jennifer Dunleavy Senior Vp, Finance And Operations | 32 | $192,165 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Rightpoint Consulting Software Consulting | 12/30/21 | $1,010,756 |
Acgme Rent And Operating | 12/30/21 | $665,515 |
Bostrom Corporation Financial/meetings | 12/30/21 | $168,044 |
Armature Corporation Software Service | 12/30/21 | $101,925 |
Brandtuitive Inc Marketing/branding | 12/30/21 | $131,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $591,100 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $591,100 |
| Total Program Service Revenue | $8,656,080 |
| Investment income | $185,040 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $247,141 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,679,361 |
| 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. | $685,595 |
| Compensation of current officers, directors, key employees. | $75,415 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,331,928 |
| Pension plan accruals and contributions | $328,957 |
| Other employee benefits | $0 |
| Payroll taxes | $698,996 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $68,026 |
| Fees for services: Accounting | $136,320 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $20,420 |
| Fees for services: Other | $227,697 |
| Advertising and promotion | $0 |
| Office expenses | $80,649 |
| Information technology | $418,412 |
| Royalties | $0 |
| Occupancy | $975,152 |
| Travel | $36,689 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $22,749 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $384,047 |
| Insurance | $39,549 |
| All other expenses | $13,030 |
| Total functional expenses | $7,534,231 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,453,205 |
| Savings and temporary cash investments | $204,598 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $101,788 |
| 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 | $188,304 |
| Net Land, buildings, and equipment | $2,251,922 |
| Investments—publicly traded securities | $8,811,194 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $14,011,011 |
| Accounts payable and accrued expenses | $461,884 |
| Grants payable | $0 |
| Deferred revenue | $2,517,622 |
| 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 | $208,946 |
| Total liabilities | $3,188,452 |
| Net assets without donor restrictions | $10,822,559 |
| 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 | $14,011,011 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Accreditation Council For Continuing Medical Education has recieved totaling $33,000.
| Awarding Organization | Amount |
|---|---|
Josiah Macy Jr Foundation New York, NY PURPOSE: TO SUPPORT THE WORK WITH THE COUNCIL ON MEDICAL SPECIALTY SOCIETIES TO SUPPORT THE EQUITY MATTERS JOINT INITIATIVE. | $25,000 |
Josiah Macy Jr Foundation New York, NY PURPOSE: TO SUPPORT HE 2020 JOINT ACCREDITATION LEADERSHIP SUMMIT, THE TRANSFORMATIVE VALUE OF IPCE: OVERCOMING CHALLENGES TOGETHER | $8,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Nbi-Sems Inc Altoona, WI | $32,056,887 | $23,539,455 |
Eleven Fifty Academy Inc Indianapolis, IN | $2,885,301 | $14,569,317 |
Foundation Of The American College Of Healthcare Executives Chicago, IL | $93,480,001 | $29,930,754 |
Network Of Executive Women Inc Chicago, IL | $6,845,772 | $11,079,191 |
Accreditation Council For Continuing Medical Education Chicago, IL | $14,011,011 | $9,679,361 |
Council For Adult And Experiental Learning Indianapolis, IN | $4,495,606 | $4,303,081 |
American School Of Correspondence Lansing, IL | $11,965,469 | $5,386,399 |
Society For Academic Emergency Medicine Des Plaines, IL | $10,341,301 | $6,329,618 |
Helen Miller-Seiu Member Education And Training Center Chicago, IL | $1,177,324 | $3,731,145 |
Kelley Executive Education Foundation Inc Bloomington, IN | $1,125,624 | $3,371,150 |
Literacy Kansas City Kansas City, MO | $1,783,046 | $2,841,106 |
Peo Program For Continuing Education Des Moines, IA | $11,022,579 | $3,626,880 |