American Association Of Physics Teachers Inc
- Assets
- $11.0m
- Revenue
- $3.2m
- Investments
- $0.0
- Employees
- 33
- Location
- College Park, MD
- Founding
- 12/1959
- Data as of
- 12/2022
- EIN
- 52-0749775
Organization Overview
American Association Of Physics Teachers Inc, operating under the name American Association Of Physic, is located in College Park, MD. The organization was established in 1959. According to its NTEE Classification (U03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Science & Technology and related organizations. As of 12/2022, American Association Of Physic employed 33 individuals. This organization is the central organization for a national or regional group of organizations. American Association Of Physic 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 Association Of Physic generated $3.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (7.3%) each year. All expenses for the organization totaled $6.5m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO IMPROVE THE QUALITY OF PHYSICS INSTRUCTION AND ENHANCE THE APPRECIATION OF PHYSICS IN OUR CULTURE, TO ENHANCE THE UNDERSTANDING AND APPRECIATION OF PHYSICS THROUGH TEACHING. AAPT IS A PROFESSIONAL MEMBERSHIP ASSOCIATION OF SCIENTISTS, DEDICATED TO ENHANCING THE UNDERSTANDING
Describe the Organization's Program Activity:
MEETINGS & WORKSHOPS DESIGNED TO OFFER INSTRUCTIONAL AID FOR TEACHERS IN THE FIELD OF PHYSICS AND THE SELECTION AND DEVELOPMENT OF THE HIGH SCHOOL PHYSICS TEAM TO REPRESENT THE UNITED STATES IN THE PHYSICS OLYMPIAD
THE ASSOCIATION RECEIVES FUNDING AND GRANTS AND COOPERATIVE AGREEMENTS FROM THE NATIONAL SCIENCE FOUNDATIONS AND OTHER GRANTORS. THESE PROGRAMS PROVIDE OPPORTUNITIES FOR PROFESSIONAL GROWTH OF TEACHERS, INCLUDING AN ONLINE COLLECTION OF RESOURCES TO SUPPORT THE PHYSICS AND ASTRONOMY COMMUNITY, NEW FACULTY DEVELOPMENT, AND THE ANALYSIS AND INVESTIGATION OF THE ROLE OF THE UNDERGRADUATE, TWO-YEAR COLLEGE AND K-12 PHYSICS INSTRUCTION.
PROGRAMS THAT SUPPORT THE FUNDING OF HIGH SCHOOL EDUCATION TRAINING THROUGH ON SITE PRESENTATIONS, BOOKS & TRAINING MATERIALS, DISCOUNTED EQUIPMENT SALES FOR HIGHER EDUCATION LABORATORIES. SUPPORT FOR LOCAL SECTIONS WITH REIMBURSEMENT OF LOCAL MEETING MATERIALS AND AREA SECTION KITS. PROGRAMS TO SUPPORT MINORITY, LOW-SOCIOECONOMIC STUDENTS WITH THE OPPORTUNITY TO ENGAGE IN HANDS-ON SCIENCE ACTIVITIES. DEVELOPMENT OF THE ONLINE LIBRARY OF INFORMATION TO PROMOTE AND SUPPORT PHYSICS EDUCATORS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Beth Cunningham Chief Executive Officer | Officer | 40 | $246,304 |
Robert Hilborn Associate Executive Officer | Officer | 40 | $143,231 |
Michael Brosnan CFO | Officer | 40 | $129,600 |
Erwin Campbell It Director | Officer | 40 | $105,162 |
Michael Thenhaus Web Developerdesigner | Officer | 40 | $116,735 |
Lyle Barbato Web Developerdesigner | Officer | 40 | $89,707 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Amer Inst Of Physics Publshing Llc Publishing Services | 12/30/18 | $378,302 |
American Institute Of Physics Technical And Office Services | 12/30/18 | $266,068 |
Renaissance Washington Dc Meeting Space Facilities | 12/30/18 | $230,588 |
Holiday Inn College Park Meeting Space Facilities | 12/30/18 | $103,562 |
Allen Press Publications Services | 12/30/18 | $149,348 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,124,887 |
| 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 | $1,124,887 |
| Total Program Service Revenue | $3,487,253 |
| Investment income | -$1,402,999 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,211,908 |
| 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. | $1,053,145 |
| Compensation of current officers, directors, key employees. | $337,113 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,146,748 |
| Pension plan accruals and contributions | $191,341 |
| Other employee benefits | $485,724 |
| Payroll taxes | $144,396 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,315 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $40,343 |
| Fees for services: Other | $0 |
| Advertising and promotion | $4,618 |
| Office expenses | $0 |
| Information technology | $296,140 |
| Royalties | $0 |
| Occupancy | $246,600 |
| Travel | $291,978 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $365 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $41,019 |
| Insurance | $17,468 |
| All other expenses | $990 |
| Total functional expenses | $6,503,289 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,156,908 |
| Savings and temporary cash investments | $907,133 |
| Pledges and grants receivable | $440,975 |
| Accounts receivable, net | $45,847 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $2,712 |
| Prepaid expenses and deferred charges | $100,408 |
| Net Land, buildings, and equipment | $117,652 |
| Investments—publicly traded securities | $6,816,713 |
| Investments—other securities | $0 |
| Investments—program-related | $1,426,484 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $11,014,832 |
| Accounts payable and accrued expenses | $438,507 |
| Grants payable | $0 |
| Deferred revenue | $1,440,116 |
| 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 | $3,139 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $474,705 |
| Total liabilities | $2,356,467 |
| Net assets without donor restrictions | $8,022,678 |
| Net assets with donor restrictions | $635,687 |
| 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 | $11,014,832 |