American Academy Of Hospice & Palliative Medicine Inc
- Assets
- $11.4m
- Revenue
- $10.6m
- Investments
- $0.0
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 10/1989
- Data as of
- 12/2021
- EIN
- 59-2918299
Organization Overview
American Academy Of Hospice & Palliative Medicine Inc is located in Chicago, IL. The organization was established in 1989. According to its NTEE Classification (P03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Academy Of Hospice & Palliative 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 12/2021, American Academy Of Hospice & Palliative Medicine Inc generated $10.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.7% each year. All expenses for the organization totaled $7.6m during the year ending 12/2021. While expenses have increased by 1.7% per year over the past 7 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.
Since 2015, American Academy Of Hospice & Palliative Medicine Inc has awarded 15 individual grants totaling $799,872. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
ADVANCE THE PRACTICE, RESEARCH AND EDUCATION OF PHYSICIANS IN THE FIELD OF PALLIATIVE MEDICINE.
Describe the Organization's Program Activity:
MACRA CMS GRANT PROGRAM - COLLABORATIVE ARRANGEMENT TO IMPROVE THE QUALITY OF CARE FOR PATIENTS WITH SERIOUS ILLNESS AND THOSE RECEIVING PALLIATIVE CARE RESULTING IN TWO PATIENT-REPORTED OUTCOME PERFORMANCE MEASURES FOR PALLIATIVE CARE.
MEMBERSHIP - PROVIDES ACCESS TO PUBLISHED RESEARCH AND CLINICAL INFORMATION.
ANNUAL ASSEMBLY - PHYSICIANS, NURSES AND OTHER HEALTH CARE PROFESSIONALS RECEIVE EDUCATION IN THE FIELD OF HOSPICE AND PALLIATIVE CARE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nathan Goldstein President | OfficerTrustee | 5 | $0 |
Chad Kollas Secretary | OfficerTrustee | 2 | $0 |
Tara Friedman President-Elect | OfficerTrustee | 2 | $0 |
Ruth M Thomson Treasurer | OfficerTrustee | 2 | $0 |
Rodney Tucker Past President | OfficerTrustee | 5 | $0 |
Joseph Rotella Chief Medical Officer | Officer | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Association Management Center Management Services | 12/30/21 | $3,275,374 |
National Coalition Of Hospice And Pallia Consulting | 12/30/21 | $156,022 |
Association Management Center Other Services | 12/30/21 | $679,315 |
Elsevier Subscription Processing | 12/30/21 | $261,764 |
Rand Corp Consulting | 12/30/21 | $1,372,419 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,583,450 |
| All other contributions, gifts, grants, and similar amounts not included above | $591,045 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,174,495 |
| Total Program Service Revenue | $6,777,847 |
| Investment income | $66,275 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $591,236 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $114,380 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $824,954 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,636,377 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $50,000 |
| Grants and other assistance to domestic individuals. | $7,500 |
| 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 | $3,357,100 |
| Fees for services: Legal | $32,733 |
| Fees for services: Accounting | $22,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,605,744 |
| Advertising and promotion | $0 |
| Office expenses | $370,033 |
| Information technology | $786,310 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $47,231 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $130,101 |
| Interest | $34,877 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $35,471 |
| All other expenses | $193,574 |
| Total functional expenses | $7,586,775 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,194,107 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,759,726 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $118,050 |
| Prepaid expenses and deferred charges | $1,005,316 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $2,670,519 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $3,700,000 |
| Other assets | $0 |
| Total assets | $11,447,718 |
| Accounts payable and accrued expenses | $461,640 |
| Grants payable | $0 |
| Deferred revenue | $2,451,178 |
| 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 | $1,203,998 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $4,116,816 |
| Net assets without donor restrictions | $6,711,964 |
| Net assets with donor restrictions | $618,938 |
| 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 | $11,447,718 |
Grants Awarded
Over the last fiscal year, American Academy Of Hospice & Palliative Medicine Inc has awarded $140,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Chicago, IL PURPOSE: GRANT | $100,000 |
UNIVERSITY OF NORTH CAROLINA HOSPITALS PURPOSE: HO CHIANG GRANT | $40,000 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that American Academy Of Hospice & Palliative Medicine Inc has recieved totaling $106,757.
| Awarding Organization | Amount |
|---|---|
Y C Ho Helen & Michael Chiang Foundation Harrison, NY PURPOSE: HOSPICE AND PALLIATIVE MEDICINE FELLOWSHIP GRANT PROGRAM | $45,000 |
Y C Ho Helen & Michael Chiang Foundation Harrison, NY PURPOSE: HOSPICE AND PALLIATIVE MEDICINE FELLOWSHIP GRANT PROGRAM | $45,000 |
Abernethy Pickar Family Foundation Winter Park, FL PURPOSE: PHILANTHROPIC | $10,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HEALTH | $6,700 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $57 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Academy Of Hospice & Palliative Medicine Inc Chicago, IL | $11,447,718 | $10,636,377 |
Cleveland Avenue Foundation For Education Chicago, IL | $2,872,362 | $5,741,175 |
Missouri Child Care Resource And Referral Network St Louis, MO | $7,597,183 | $3,094,890 |
Howard County Child Care Association Cresco, IA | $1,246,015 | $1,482,899 |
Foundation For Human Development Chicago, IL | $20,546,173 | $3,212,060 |
Financial Planning Association Waunakee, WI | $96,625 | $0 |
Financial Planning Association Oak Forest, IL | $39,417 | $123,156 |
Financial Planning Association Indianapolis, IN | $62,356 | $0 |
Board Of Oncology Social Work Cerfification Carmel, IN | $135,104 | $0 |
Fraternal Order Of Police Monmouth, IL | $21,308 | $0 |
Kirkoland Inc De Pere, WI | $22,300 | $0 |