American Academy Of Family Physicians
- Assets
- $4.2m
- Revenue
- $2.1m
- Investments
- $202.1k
- Employees
- 6
- Location
- Raleigh, NC
- Founding
- 02/1950
- Data as of
- 12/2021
- EIN
- 56-1778317
Organization Overview
American Academy Of Family Physicians is located in Raleigh, NC. The organization was established in 1950. According to its NTEE Classification (E03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Health Care and related organizations. As of 12/2021, American Academy Of Family Physicians employed 6 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 12/2021, American Academy Of Family Physicians generated $2.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.6%) each year. All expenses for the organization totaled $2.0m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (4.8%) per year over the past 7 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO IMPROVE THE LIVES AND PROFESSIONAL ENVIRONMENT OF CURRENT AND FUTURE FAMILY PHYSICIANS SO THEY CAN PROVIDE EXCEPTIONAL CARE TO THEIR PATIENTS AND COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CME MEETINGS- HELD ONE VIRTUAL AND ONE IN-PERSON CME EVENT AVAILABLE TO ALL 4,500 NCAFP MEMBERS, AS WELL AS NON-MEMBERS IN NORTH CAROLINA AND ACROSS THE COUNTRY. THE TWO EVENTS ATTRACTED OVER 700 ATTENDEES AND PROVIDED 39 HOURS OF CONTINUING MEDICAL EDUCATION. ADDITIONALLY, THE NCAFP PROVIDED A VIRTUAL EVENT IN LATE MARCH 2021 WHICH TARGETED MEDICAL STUDENTS AND HAD 120 PARTICIPANTS. FINALLY, THE NCAFP PROVIDED VIRTUAL AND LIVE EDUCATION IN OTHER STATE CHAPTER MEETINGS, WHICH INCLUDED OVER 1,900 LEARNERS AND THREE LECTURE TOPICS.
MEMBER SERVICES- ADVOCATED ON BEHALF OF 4,500 MEMBERS FOR INCREASED INVESTMENT IN FAMILY MEDICINE WHICH INCLUDED CLOSING THE UNINSURED/UNDERINSURED COVERAGE GAP IN RURAL AREAS AND THE ESTABLISHMENT OF A FAMILY MEDICINE LOAN FORGIVENESS PILOT; ADVOCATED FOR LESS ADMINISTRATIVE BURDEN IN THE HEALTHCARE SYSTEM AND INCREASED PAYMENT RATES FOR PRIMARY CARE SERVICES; ADVOCATED ON BEHALF OF PRIMARY CARE THROUGHOUT THE ONGOING MEDICAID TRANSITION TO MANAGED CARE AND FOR THE FULL SCOPE OF FAMILY MEDICINE IN ADDRESSING BEHAVIORAL HEALTH; ADVOCATED ON BEHALF OF EMPLOYED FAMILY PHYSICIANS WITHIN LARGE HEALTH SYSTEMS AND AMONG PAYERS; AND SERVED ON NUMEROUS TASKFORCES AND POLICY GROUPS, ADVOCATING ON BEHALF OF FAMILY PHYSICIANS AND PATIENTS IN NORTH CAROLINA.
COMMUNICATIONS AND PUBLICATIONS - PROVIDED COMMUNICATION SERVICES TO OVER 4,500 MEMBERS THROUGH A QUARTERLY PRINTED MAGAZINE, REGULARLY SCHEDULED PODCASTS, AND OVER 50 E-NEWSLETTERS. THROUGHOUT THE YEAR, THE NCAFP SENT OUT REGULAR E-COMMUNICATIONS AND E-BULLETINS TO KEEP NCAFP MEMBERS INFORMED ABOUT THE LATEST DEVELOPMENTS TAKING PLACE IN HEALTHCARE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gregory K Griggs Mpa Cae Executive Vice President And CEO | Officer | 45 | $210,654 |
Brent Hazelett Vice President And COO | Officer | 40 | $187,339 |
Jessica L Triche MD President | OfficerTrustee | 5 | $5,000 |
Dimitrios P Hondros MD President-Elect | OfficerTrustee | 1 | $2,500 |
David A Rinehart MD Immediate Past President | OfficerTrustee | 3 | $2,500 |
Shauna L Guthrie MD MPH Secretary/treasurer | OfficerTrustee | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Med-iq Inc Educational Partner | 12/30/19 | $710,486 |
Spire Learning Educational Partner | 12/30/19 | $848,179 |
Omni Grove Park Inn Event Location | 12/30/19 | $265,699 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $73,915 |
| All other contributions, gifts, grants, and similar amounts not included above | $442,714 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $516,629 |
| Total Program Service Revenue | $1,416,487 |
| Investment income | $114,833 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $14,206 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,062,155 |
| 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. | $474,372 |
| Compensation of current officers, directors, key employees. | $303,966 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $106,906 |
| Pension plan accruals and contributions | $13,144 |
| Other employee benefits | $17,762 |
| Payroll taxes | $38,917 |
| Fees for services: Management | $2,738 |
| Fees for services: Legal | $7,007 |
| Fees for services: Accounting | $23,123 |
| Fees for services: Lobbying | $53,924 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $19,162 |
| Fees for services: Other | $41,995 |
| Advertising and promotion | $0 |
| Office expenses | $31,316 |
| Information technology | $51,205 |
| Royalties | $0 |
| Occupancy | $74,956 |
| Travel | $37,849 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $276,105 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $57,441 |
| Insurance | $4,635 |
| All other expenses | $33,787 |
| Total functional expenses | $2,019,932 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $371,274 |
| Savings and temporary cash investments | $145,300 |
| Pledges and grants receivable | $40,959 |
| Accounts receivable, net | $31,934 |
| 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 | $27,408 |
| Net Land, buildings, and equipment | $212,379 |
| Investments—publicly traded securities | $2,358,338 |
| Investments—other securities | $202,067 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $840,678 |
| Total assets | $4,230,337 |
| Accounts payable and accrued expenses | $209,813 |
| Grants payable | $0 |
| Deferred revenue | $330,869 |
| 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 | $76,198 |
| Total liabilities | $616,880 |
| Net assets without donor restrictions | $3,514,382 |
| Net assets with donor restrictions | $99,075 |
| 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 | $4,230,337 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that American Academy Of Family Physicians has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Pharmaceutical Research And Manufacturers Of America Washington, DC PURPOSE: GENERAL CONTRIBUTION | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Commission On Certification Of Physicians Assist Johns Creek, GA | $51,725,554 | $24,098,126 |
Community Health Accreditation Program Inc Arlington, VA | $22,682,316 | $18,320,268 |
Tennessee Hospital Association Brentwood, TN | $59,191,608 | $16,937,384 |
Georgia Hospital Association Inc Atlanta, GA | $28,490,811 | $11,382,782 |
South Carolina Hospital Association Columbia, SC | $28,488,134 | $7,448,077 |
Society Of Toxicology Reston, VA | $19,615,880 | $6,972,488 |
Association Of Clinical Research Professionals Alexandria, VA | $5,244,361 | $5,609,460 |
American Association Of Tissue Banks Inc Mclean, VA | $5,016,718 | $5,286,681 |
American Association For Homecare Arlington, VA | $9,860,214 | $4,012,672 |
Tennessee Medical Association Nashville, TN | $7,798,843 | $4,705,353 |
West Caldwell Health Council Inc Collettsville, NC | $3,480,130 | $3,631,736 |
American Society Of Consultant Pharmacists Inc Alexandria, VA | $4,904,432 | $3,949,931 |