American Academy Of Family Physicians
- Assets
- $2.5m
- Revenue
- $861.1k
- Investments
- $0.0
- Employees
- 5
- Location
- Richmond, VA
- Founding
- 02/1950
- Data as of
- 12/2022
- EIN
- 54-0542084
Organization Overview
American Academy Of Family Physicians is located in Richmond, VA. The organization was established in 1950. According to its NTEE Classification (G90) the organization is classified as: Medical Disciplines, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. As of 12/2022, American Academy Of Family Physicians employed 5 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. American Academy Of Family Physicians is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2022, American Academy Of Family Physicians generated $861.1k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.0%) each year. All expenses for the organization totaled $849.1k during the year ending 12/2022. 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
THE MISSION OF THE VAFP IS TO EMPOWER ITS MEMBERS TO BE PHYSICIANS WHO PROVIDE HIGH QUALITY, ACCESSIBLE HEALTH CARE, DEDICATE THEMSELVES TO THE WELL-BEING OF THE PEOPLE OF VIRGINIA, AND ARE GUIDED BY THE PRINCIPLE THAT THE FAMILY PHYSICIAN REMAINS THE SPECIALIST OF CHOICE TO GUIDE LIFELONG HEALTH CARE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ONE OF THE MAIN FOCUS AREAS OF THE ACADEMY IS TO PROMOTE HIGH QUALITY, AFFORDABLE CONTINUING MEDICAL EDUCATION. THE ACADEMY ACHIEVES THIS BY HOSTING AN ANNUAL MEETING FOR ALL HEALTH CARE PROFESSIONALS IN VIRGINIA AND NEIGHBORING STATES. IN ADDITION, THE ACADEMY HOSTS VARIOUS SEMINARS AND SYMPOSIA THAT FOCUS ON LEADERSHIP AND WORKFORCE ENHANCEMENTS WITHIN THE INDUSTRY. THE SEMINARS COVER CURRENT MEDICAL ISSUES, AS WELL AS, PROMOTE, ENCOURAGE, AND EDUCATE MEMBERS ON EFFECTIVE MODELS OF CARE AND DELIVERY.
THE ACADEMY ASSISTS IN INCREASING CONTINUITY, EXPERTISE, AND PARTICIPATION IN THE AREAS OF LEGISLATION AND ADVOCACY FOR THE INTERESTS OF THE FAMILY PHYSICIAN, THEIR PATIENTS, AND AN IMPROVED HEALTHCARE SYSTEM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Gregory President | OfficerTrustee | 1 | $2,000 |
Denee Moore President | OfficerTrustee | 1 | $0 |
Neeta Goel Past Preside | OfficerTrustee | 1 | $4,000 |
Timothy Yu 1st Vice-Pre | OfficerTrustee | 1 | $0 |
Charles Frazier Treasurer | OfficerTrustee | 1 | $0 |
Robin Anderson Secretary | OfficerTrustee | 1 | $0 |
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 | $48,300 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $48,300 |
| Total Program Service Revenue | $787,692 |
| Investment income | $25,129 |
| 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 | $861,121 |
| 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. | $169,224 |
| Compensation of current officers, directors, key employees. | $33,845 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $199,034 |
| Pension plan accruals and contributions | $19,110 |
| Other employee benefits | $18,170 |
| Payroll taxes | $25,574 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $15,000 |
| Fees for services: Accounting | $15,835 |
| Fees for services: Lobbying | $77,585 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $3,686 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $20,860 |
| Travel | $11,890 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $206,888 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,626 |
| Insurance | $6,201 |
| All other expenses | $17,192 |
| Total functional expenses | $849,081 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $177,461 |
| Savings and temporary cash investments | $2,237,917 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,624 |
| 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 | $24,062 |
| Net Land, buildings, and equipment | $10,214 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $27,391 |
| Total assets | $2,480,669 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $264,395 |
| 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 | $27,391 |
| Total liabilities | $291,786 |
| Net assets without donor restrictions | $2,188,883 |
| Net assets with donor restrictions | $0 |
| 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 | $2,480,669 |