National Academies Of Practice
- Assets
- $776.9k
- Revenue
- $478.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Lexington, KY
- Founding
- 05/1982
- Data as of
- 12/2023
- EIN
- 52-1246763
Organization Overview
National Academies Of Practice is located in Lexington, KY. The organization was established in 1982. According to its NTEE Classification (A33) the organization is classified as: Printing & Publishing, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. National Academies Of Practice 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 12/2023, National Academies Of Practice generated $478.9k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.5% each year. All expenses for the organization totaled $487.5k during the year ending 12/2023. While expenses have increased by 9.9% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
NATIONAL ACADEMIES OF PRACTICE IS THE ALLIANCE OF PROFESSIONALS COLLABORATING TO TRANSFORM HEALTH AND WELL-BEING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ANNUAL MEETING AND FORUM
ORGNANIZATION FORMS ACADEMIES TO ADVISE GOVERNMENTAL BODIES ON OUR HEALTH CARE SYSTEM
MEMBERSHIP SERVICES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rick Weisbarth Immed Past Pres | OfficerTrustee | 8 | $0 |
Juli Maxworthy VP Partnerships | OfficerTrustee | 6 | $0 |
Angela Shoup Audiology Chair | Trustee | 2 | $0 |
David Itzkoff Dentistry Vc | Trustee | 2 | $0 |
Brian Sick A&o Medicine Chair | Trustee | 6 | $0 |
Michael Allswede A&o Medicine Vc | Trustee | 6 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Amr Management Services Mgt Services | 12/30/23 | $169,956 |
Capital Hilton Conference Hotel | 12/30/23 | $173,430 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $16,500 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $16,500 |
| Total Program Service Revenue | $453,462 |
| Investment income | $156 |
| 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 | $478,940 |
| 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. | $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 | $169,956 |
| Fees for services: Legal | $119 |
| Fees for services: Accounting | $4,340 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $4,328 |
| Information technology | $4,954 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $9,753 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $218,374 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,103 |
| All other expenses | $10,235 |
| Total functional expenses | $487,496 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $422,445 |
| Savings and temporary cash investments | $314,292 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $4,107 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $36,097 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $776,941 |
| Accounts payable and accrued expenses | $537 |
| Grants payable | $0 |
| Deferred revenue | $238,350 |
| 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 | $0 |
| Total liabilities | $238,887 |
| Net assets without donor restrictions | $500,517 |
| Net assets with donor restrictions | $37,537 |
| 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 | $776,941 |