Delaware Academy Of Medicine Inc
- Assets
- $3.8m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 5
- Location
- Historic New Castle, DE
- Founding
- 02/1948
- Data as of
- 12/2022
- EIN
- 51-0075162
Organization Overview
Delaware Academy Of Medicine Inc is located in Historic New Castle, DE. The organization was established in 1948. According to its NTEE Classification (E03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Health Care and related organizations. As of 12/2022, Delaware Academy Of Medicine Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Delaware 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 12/2022, Delaware Academy Of Medicine Inc generated $1.8m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 16.1% each year . All expenses for the organization totaled $1.4m during the year ending 12/2022. While expenses have increased by 12.0% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
FOUNDED IN 1930, THE ORGANIZATION FOCUSES ON PUBLIC HEALTH AND RESEARCH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY EDUCATION & RESOURCES(CER): FOR THE PROFESSIONAL/CLINICAL HEALTHCARE COMMUNITY, THE DELAWARE ACADEMY OF MEDICINE, INC. PROVIDES TRAINING AND PROFESSIONAL DEVELOPMENT PROGRAMS ON A WIDE RANGE OF TOPICS; FROM SPECIALTY EDUCATION TO PUBLIC HEALTH EDUCATION TOPICS INCLUDING CULTURAL COMPETENCY, HEALTH LITERACY, AND TRENDS IN PUBLIC HEALTH PRACTICES.THE DELAWARE ACADEMY OF MEDICINE, INC. OPERATES THE IMMUNIZATION COALITION OF DELAWARE PROGRAM AND THE STROKE PREVENTION AND RESOURCES PROJECT. THE DELAWARE ACADEMY OF MEDICINE, INC. IS THE STATE OF DELAWARE AFFILIATE OF THE AMERICAN PUBLIC HEALTH ASSOCIATION, AND PUBLISHES THE DELAWARE JOURNAL OF PUBLIC HEALTH.IN ADDITION, THE DELAWARE ACADEMY OF MEDICINE, INC., OPERATES THE DELAWARE HEALTH FORCE INITIATIVE IN A COLLABORATIVE RELATIONSHIP WITH THE STATE OF DELAWARE AND THE DELAWARE HEALTH CARE COMMISSION.
STUDENT FINANCIAL AID(SAF): THE STUDENT FINANCIAL AID PROGRAM OFFERED BY THE DELAWARE ACADEMY OF MEDICINE, INC. PROVIDES GENERAL ASSISTANCE LOANS TO DELAWARE RESIDENTS STUDYING MEDICINE AND DENTISTRY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
S John Swanson MD Facs President | OfficerTrustee | 2 | $0 |
Omar A Khan MD Mhs Faafp Immediate Past President | OfficerTrustee | 2 | $0 |
Lynn Jones Fache President-Elect | OfficerTrustee | 2 | $0 |
Professor Rita Landgraf Vice President | OfficerTrustee | 2 | $0 |
Jeffrey M Cole DDS MBA Treasurer | OfficerTrustee | 2 | $0 |
Stephen C Eppes MD Secretary | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
The Nemours Foundation Community Health Worker Initiative | 12/30/22 | $257,888 |
Christiana Care Health Services Residency And Fellowship Expansion Initi | 12/30/22 | $240,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $2,474 |
| Fundraising events | $0 |
| Related organizations | $282,812 |
| Government grants | $1,138,781 |
| All other contributions, gifts, grants, and similar amounts not included above | $175,115 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,599,182 |
| Total Program Service Revenue | $135,008 |
| Investment income | $16,497 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $9,200 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,759,887 |
| 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. | $151,575 |
| Compensation of current officers, directors, key employees. | $19,705 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $265,157 |
| Pension plan accruals and contributions | $3,345 |
| Other employee benefits | $13,476 |
| Payroll taxes | $28,227 |
| Fees for services: Management | $11,000 |
| Fees for services: Legal | $2,064 |
| Fees for services: Accounting | $16,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $774 |
| Fees for services: Other | $333,769 |
| Advertising and promotion | $1,180 |
| Office expenses | $22,718 |
| Information technology | $142,570 |
| Royalties | $0 |
| Occupancy | $22,326 |
| Travel | $543 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $21,505 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $12,974 |
| Insurance | $12,131 |
| All other expenses | $0 |
| Total functional expenses | $1,414,240 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $794,951 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $115,647 |
| 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 | $9,639 |
| Net Land, buildings, and equipment | $242,013 |
| Investments—publicly traded securities | $2,290,979 |
| Investments—other securities | $0 |
| Investments—program-related | $343,513 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,796,742 |
| Accounts payable and accrued expenses | $41,115 |
| Grants payable | $0 |
| Deferred revenue | $471,289 |
| 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 | $334,073 |
| Total liabilities | $846,477 |
| Net assets without donor restrictions | $452,281 |
| Net assets with donor restrictions | $2,497,984 |
| 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 | $3,796,742 |