American Academy Of Family Physicians
- Assets
- $857.4k
- Revenue
- $439.3k
- Investments
- $0.0
- Employees
- 2
- Location
- Laurens, SC
- Founding
- 02/1950
- Data as of
- 06/2023
- EIN
- 57-0372530
Organization Overview
American Academy Of Family Physicians is located in Laurens, SC. 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 06/2023, American Academy Of Family Physicians employed 2 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 06/2023, American Academy Of Family Physicians generated $439.3k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.5% each year. All expenses for the organization totaled $452.4k during the year ending 06/2023. While expenses have increased by 1.6% 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
THE MISSION OF THE SOUTH CAROLINA ACADEMY OF FAMILY PHYSICIANS IS TO IMPROVE THE HEALTH CARE OF ALL SOUTH CAROLINIANS THROUGH SUPPORTING AND REPESENTING THE SPECIALTY OF FAMILY MEDICINE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ANNUAL ASSEMBLY THE PROGRAM, DEVELOPED BY THE SCAFP CONTINUING PROFESSIONAL DEVELOPMENT COMMITTEE FOR FAMILY PHYSICIANS AND OTHER HEALTH CARE PROVIDERS, OFFERS A VARIETY OF CONTINUING MEDICAL EDUCATION TOPICS PERTINENT TO PATIENT CARE. EACH PRESENTATION HAS SPECIFIC OBJECTIVES SO THAT AT THE CONCLUSION OF THE PROGRAM THE LEARNER WILL HAVE A WORKING AND APPLICABLE UNDERSTANDING OF THE TOPIC. TOPICS INCLUDED WELLBEING; TOP PUBLIC HEALTH ISSUES IN SC; TEN HEALTHCARE LAWS ALL PHYSICIANS SHOULD KNOW; EXPEDITED PARTNER TREATMENT ON RECURRENT CHLAMYDIA INFECTIONS; QUALITY CHANGES UPDATE; PRIMARY CARE PERSPECTIVE ON OBESITY; EVALUATION AND MANAGEMENT CODING UPDATE; A TWO-HOUR PRESENTATION ADDRESSING PRESCRIBING & MONITORING CONTROLLED SUBSTANCES, ENTITLED PAIN MANAGEMENT AND OPIOIDS: BALANCING RISKS AND BENEFITS. A SPORTS MEDICINE WORKSHOP. ONE KNOWLEDGE SELF-ASSESSMENT (KSAS) WORKING GROUP ON DIABETES.
GOVERNMENTAL AFFAIRS ADVISORS/EXPENSES EACH YEAR. EACH YEAR THE ACADEMY ADDRESSES LEGISLATION THAT IS INTRODUCED OR PENDING IN THE SC GENERAL ASSEMBLY THAT AFFECT PATIENTS, PATIENT CARE AND THE PRACTICE OF FAMILY MEDICINE. THE ACADEMY TAKES A PROACTIVE APPROACH BY CONTRACTING WITH MAYNARD NEXSEN (FORMERLY NEXSEN PRUET, LLC) TO PROVIDE ASSISTANCE IN THE LEGISLATIVE AND GOVERNMENTAL AFFAIRS ARENA. THE GOVERNMENTAL AFFAIRS ADVISORS PROVIDE INFORMATION ON LEGISLATION; INTERACT WITH ELECTED OFFICIALS; AND REPRESENT THE FAMILY MEDICINE POINT OF VIEW TO THE GENERAL ASSEMBLY AND STATE AGENCIES.
STUDENTS, RESIDENTS AND OUTREACH THE SOUTH CAROLINA ACADEMY CO-HOSTS AN ANNUAL FAMILY MEDICINE INTEREST DAY TO ENCOURAGE MEDICAL STUDENTS TO CHOOSE FAMILY MEDICINE AS A SPECIALTY AND A SC FAMILY MEDICINE RESIDENCY PROGRAM UPON GRADUATION FROM MEDICAL SCHOOL. THE GOAL IS TO ENSURE THERE WILL BE A SUPPLY OF FAMILY PHYSICIANS TO TAKE CARE OF THE GROWING HEALTH CARE NEEDS OF OUR STATE. SIXTEEN RESIDENT MEMBERS GAVE SCHOLARLY PRESENTATIONS DURING THE ANNUAL ASSEMBLY. THIRTEEN RESIDENT RECEIVED THE OUTSTANDING RESIDENT AWARD AT THEIR RESIDENCY PROGRAM GRADUATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paquita P Turner Executive Vice President | 48 | $105,000 | |
Hugh Durrence Board Member | Trustee | 0 | $0 |
E Ed Evans Board Member | Trustee | 0 | $0 |
Patricia Witherspoon Board Member | Trustee | 0 | $0 |
H Griffin Cupstid Board Member | Trustee | 0 | $0 |
Samuel Stone Board Member | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $353,444 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $353,444 |
| Total Program Service Revenue | $76,608 |
| Investment income | $9,257 |
| 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 | $439,309 |
| 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. | $105,000 |
| Compensation of current officers, directors, key employees. | $105,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $40,000 |
| Pension plan accruals and contributions | $14,500 |
| Other employee benefits | $15,476 |
| Payroll taxes | $11,111 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,200 |
| Fees for services: Lobbying | $87,909 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,726 |
| Advertising and promotion | $0 |
| Office expenses | $21,448 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $8,160 |
| Travel | $1,124 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $125,842 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,646 |
| Insurance | $3,893 |
| All other expenses | $4,347 |
| Total functional expenses | $452,382 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $280,887 |
| Savings and temporary cash investments | $238,853 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $48,575 |
| 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 | $14,814 |
| Investments—publicly traded securities | $274,234 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $857,363 |
| Accounts payable and accrued expenses | $110,877 |
| Grants payable | $0 |
| Deferred revenue | $183,221 |
| 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 | $13,647 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $10,272 |
| Total liabilities | $318,017 |
| Net assets without donor restrictions | $539,346 |
| 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 | $857,363 |