The Foundation For Post-Acute And Long-Term Care Medicine
- Assets
- $876.3k
- Revenue
- $561.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Columbia, MD
- Founding
- 01/1996
- Data as of
- 12/2023
- EIN
- 52-1948720
Organization Overview
The Foundation For Post-Acute And Long-Term Care Medicine is located in Columbia, MD. The organization was established in 1996. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Foundation For Post-Acute And Long-Term Care Medicine 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, Foundation For Post-Acute And Long-Term Care Medicine generated $561.6k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.1% each year. All expenses for the organization totaled $433.0k during the year ending 12/2023. While expenses have increased by 3.4% 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
TO ADVANCE EXCELLENCE AND INNOVATION IN THE LONG-TERM CARE CONTINUUM THROUGH RESEARCH AND ITS TRANSLATION INTO PRACTICE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AWARDS AND GRANTS FUNDING PROJECTS - THE FOUNDATION ACCEPTS REQUESTS FOR FUNDING THAT MEET ITS MISSION AREAS OF SUPPORTING RESEARCH, CLINICAL PRACTICE TOOLS, EDUCATION AND WORKFORCE DEVELOPMENT INITIATIVES. GUIDELINES FOR SUBMITTING PROPOSALS HAVE BEEN DEVELOPED AND PROCEDURES ARE IN PLACE FOR A COMMITTEE OF VOLUNTEERS TO REVIEW AND RECOMMEND FUNDING PROJECTS TO THE FOUNDATION BOARD OF DIRECTORS FOR APPROVAL.
ANNUAL CONFERENCE - THE FOUNDATION PARTICIPATES IN AMDA'S ANNUAL CONFERENCE BY PROMOTING ITS MISSION, AND IMPACT FROM THE PRIOR YEAR, WHILE RECOGNIZING EXISTING DONORS AND ENCOURAGING FUTURE DONOR ENGAGEMENT. THE FOUNDATION ALSO RECOGNIZES EXCELLENCE IN THE FIELD OF POST-ACUTE AND LONG-TERM CARE ("PALTC") THROUGH ITS ANNUAL EXCELLENCE AWARDS PROGRAM PUBLICLY RECOGNIZING THOSE WHO HAVE BEEN NOMINATED AND SELECTED FOR THE FOUR NAMED INDIVIDUAL AWARDS. THE FOUNDATION FUNDS AMDA'S FUTURES PROGRAM, A WORKFORCE DEVELOPMENT INITIATIVE MANAGED WHICH IS AN INTENSIVE LEARNING EXPERIENCE DESIGNED TO EXPOSE RESIDENTS, FELLOWS, AND ADVANCED PRACTITIONERS TO THE CAREER OPPORTUNITIES AVAILABLE IN POST-ACUTE AND LONG-TERM CARE MEDICINE.
INDUSTRY PROGRAMS - THE FOUNDATION HOSTS AN INDUSTRY ADVISORY BOARD (IAB) PROGRAM TO CONNECT CORPORATE INDUSTRY LEADERS WITH PALTC PRACTITIONERS AND MEDICAL LEADERS FOR COLLABORATIVE DISCUSSIONS FOR THE BENEFIT OF THE EXCELLENCE IN THE DELIVERY OF PALTC CARE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michelle Zinnert Executive Director As Of April | Officer | 4 | $0 |
Christopher E Laxton Cae Executive Director Until April | Officer | 4 | $0 |
Victoria Hann Foundation Director | Officer | 40 | $0 |
Susan Levy MD Cmd Chair Until March, Then Past Chair | OfficerTrustee | 2.5 | $0 |
Heidi White MD Med MPH Cmd Chair-Elect Until March, Then Chair | OfficerTrustee | 2.5 | $0 |
James Lett MD Cmdr Immediate Past Chair Until March | OfficerTrustee | 2.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $17,615 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $532,347 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $549,962 |
| Total Program Service Revenue | $0 |
| Investment income | $11,659 |
| 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 | $561,621 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $144,406 |
| 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. | $96,424 |
| Compensation of current officers, directors, key employees. | $38,570 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $58,438 |
| Pension plan accruals and contributions | $34 |
| Other employee benefits | $15,244 |
| Payroll taxes | $12,142 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $541 |
| Fees for services: Other | $14,156 |
| Advertising and promotion | $2,000 |
| Office expenses | $12,994 |
| Information technology | $14,048 |
| Royalties | $0 |
| Occupancy | $4,251 |
| Travel | $10,358 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $16,432 |
| Interest | $0 |
| Payments to affiliates | $5,976 |
| Depreciation, depletion, and amortization | $4,462 |
| Insurance | $2,339 |
| All other expenses | $10,012 |
| Total functional expenses | $432,957 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $141,544 |
| Savings and temporary cash investments | $375,031 |
| Pledges and grants receivable | $35,000 |
| 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 | $0 |
| Net Land, buildings, and equipment | $5,166 |
| Investments—publicly traded securities | $319,526 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $876,267 |
| Accounts payable and accrued expenses | $7,086 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $91,755 |
| Total liabilities | $98,841 |
| Net assets without donor restrictions | $654,442 |
| Net assets with donor restrictions | $122,984 |
| 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 | $876,267 |
Grants Awarded
Over the last fiscal year, The Foundation For Post-Acute And Long-Term Care Medicine has awarded $144,406 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
MCGARRY CONSULTING PURPOSE: CMDS IN NURSING HOMES: AN EVALUATION OF THE CURRENT LANDSCAPE, THEIR ASSOCIATION WITH QUALITY, AND EARLY IMPACTS OF CALIFORNIA LAW AB749 | $25,000 |
WAKE FOREST UNIVERSITY HEALTH SCIENCES PURPOSE: DR. CHARLES SEMELKA: POST-ACUTE CARE UTILIZATION PATTERNS AND OUTCOMES FOR FRAIL OLDER ADULTS | $25,000 |
AMDA - THE SOCIETY FOR POST - ACUTE AND LONG - TERM CARE MEDICINE PURPOSE: DRIVE TO DEPRESCRIBE PROGRAM; COMMUNITY PLATFORM FOR AMDA MEMBERSHIP; 2023 FUTURES PROGRAM REGISTRATION FEES, TRAVEL, MEALS, ETC. FOR 86 FUTURES PROGRAM ATTENDEES; STAFF SUPPORT FUNDS FOR AMDA ALL STAFF MEETING | $94,406 |