American Academy Of Home Care Medicine Inc
- Assets
- $786.4k
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 0
- Location
- McLean, VA
- Founding
- 06/1996
- Data as of
- 12/2022
- EIN
- 52-1891671
Organization Overview
American Academy Of Home Care Medicine Inc is located in McLean, VA. The organization was established in 1996. According to its NTEE Classification (E92) the organization is classified as: Home Health Care, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Academy Of Home Care 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, American Academy Of Home Care Medicine Inc generated $1.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (3.2%) each year. All expenses for the organization totaled $1.2m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (1.3%) per year over the past 4 years. 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 FOSTER THE ART AND SCIENCE OF HOME CARE MEDICINE
Describe the Organization's Program Activity:
OTHER PROGRAMS INCLUDING PROGRAMS TO PROVIDE SUPPORT TO HEALTHCARE PROFESSIONALS PROVIDING HOME HEALTH CARE, EDUCATE THE PUBLIC ON THE BENEFITS OF HOME HEALTH CARE AND ADVOCATE FOR SUSTAINABLE PAYMENT REFORM IN THE FIELD OF HOME CARE MEDICINE.
ANNUAL MEETING EDUCATIONAL MEETING FOCUSED ON THE ISSUES AND CHALLENGES THAT FACE THE BROAD SPECTRUM OF HEALTHCARE PROFESSIONALS PROVIDING IN-HOME PRIMARY CARE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Norman Vinn President | OfficerTrustee | 2 | $0 |
Theresa A Soriano Immed Past Pres | OfficerTrustee | 1 | $0 |
Eliza Pippa Shulman Pres Elect | OfficerTrustee | 2 | $0 |
Bruce Kinosian Treasurer | OfficerTrustee | 1 | $0 |
Barbara Sutton Secretary | OfficerTrustee | 1 | $0 |
Alex Binder Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Canton & Company Llc Management/tech | 12/30/22 | $136,457 |
Degnon Associates Inc Management/tech | 12/30/22 | $300,000 |
Healthsperien Llc Consulting | 12/30/22 | $202,500 |
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 | $131,149 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $131,149 |
| Total Program Service Revenue | $972,926 |
| Investment income | $19,001 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $19,702 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $17,651 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,162,117 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $79,890 |
| 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 | $443,457 |
| Fees for services: Legal | $1,869 |
| Fees for services: Accounting | $7,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $4,611 |
| Fees for services: Other | $212,545 |
| Advertising and promotion | $199 |
| Office expenses | $5,058 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $350 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $261,152 |
| Interest | $3,920 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $806 |
| All other expenses | $28,275 |
| Total functional expenses | $1,190,404 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $182,781 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,388 |
| 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 | $698 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $593,472 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,090 |
| Total assets | $786,429 |
| Accounts payable and accrued expenses | $52,348 |
| Grants payable | $0 |
| Deferred revenue | $258,895 |
| 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 | $75,000 |
| Other liabilities | $0 |
| Total liabilities | $386,243 |
| Net assets without donor restrictions | $295,065 |
| Net assets with donor restrictions | $105,121 |
| 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 | $786,429 |