Atlantic Institute Of Oriental Medicine
- Assets
- $3.1m
- Revenue
- $2.2m
- Investments
- $0.0
- Employees
- 19
- Location
- Fort Lauderdale, FL
- Founding
- 10/1996
- Data as of
- 12/2021
- EIN
- 65-0512087
Organization Overview
Atlantic Institute Of Oriental Medicine is located in Fort Lauderdale, FL. The organization was established in 1996. As of 12/2021, Atlantic Institute Of Oriental Medicine employed 19 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Atlantic Institute Of Oriental 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 12/2021, Atlantic Institute Of Oriental Medicine generated $2.2m 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 (3.2%) each year. All expenses for the organization totaled $2.6m during the year ending 12/2021. 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
ATLANTIC INSTITUTE OF ORIENTAL MEDICINE IS A PROFESSIONAL, PRIVATE AND INDEPENDENT COLLEGE OFFERING ACADEMIC PROGRAMS AND DEGREES IN THE FIELD OF TRANDITIONAL CHINESE MEDICINE/ORIENTAL MEDICINE
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION ATLANTIC INSTITUTE OF ORIENTAL MEDICINE IS A PROFESSIONAL PRIVATE AND INDEPENDENT COLLEGE OFFERING ACADEMIC PROGRAMS AND DEGREES IN THE FIELD OF TRADITIONAL CHINESE MEDICINE/ORIENTAL MEDICINE. CLINICAL SERVICES TO GENERAL PUBLIC ARE A PART OF THE INTERSHIP/TRAINING OF THE STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Johanna C Yen Mdap Director | OfficerTrustee | 40 | $200,000 |
Di Fumdphd Secretary | OfficerTrustee | 20 | $120,000 |
Gerad D Grau MD Facs Director | OfficerTrustee | $0 | |
Sifu Zhou PHD Treasurer | OfficerTrustee | $0 | |
Renliang Xu PHD Chair | OfficerTrustee | $0 | |
Michael Marshall Dc Ap Vice Chair | OfficerTrustee | $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 | $569 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $569 |
| Total Program Service Revenue | $2,022,377 |
| Investment income | $53,855 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $152,676 |
| 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 | $2,229,477 |
| 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. | $320,000 |
| Compensation of current officers, directors, key employees. | $44,800 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $832,152 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $27,327 |
| Advertising and promotion | $15,257 |
| Office expenses | $0 |
| Information technology | $14,614 |
| Royalties | $0 |
| Occupancy | $637,648 |
| Travel | $18,756 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $33,700 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $34,813 |
| Insurance | $92,732 |
| All other expenses | $43,551 |
| Total functional expenses | $2,611,315 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $259,765 |
| Savings and temporary cash investments | $5,045 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $44,476 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $25,870 |
| Prepaid expenses and deferred charges | $27,238 |
| Net Land, buildings, and equipment | $2,301,621 |
| Investments—publicly traded securities | $423,666 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $16,639 |
| Total assets | $3,104,320 |
| Accounts payable and accrued expenses | $31,939 |
| Grants payable | $0 |
| Deferred revenue | $14,666 |
| 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 | $1,600,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $46,262 |
| Total liabilities | $1,692,867 |
| Net assets without donor restrictions | $1,411,453 |
| 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 | $3,104,320 |
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