American Academy Of Family Physicians
- Assets
- $1.6m
- Revenue
- $345.2k
- Investments
- $0.0
- Employees
- 4
- Location
- Oklahoma City, OK
- Founding
- 07/1966
- Data as of
- 12/2023
- EIN
- 73-0612930
Organization Overview
American Academy Of Family Physicians, operating under the name Okla Academy Of Family Physicians, is located in Oklahoma City, OK. The organization was established in 1966. 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 12/2023, Okla Academy Of Family Physicians employed 4 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Okla 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 12/2023, Okla Academy Of Family Physicians generated $345.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (5.4%) each year. All expenses for the organization totaled $347.4k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (5.9%) per year over the past 5 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORTING STATEWIDE EFFORTS THAT DIRECTLY IMPACT FAMILY PHYSICIANS ACROSS THE STATE OF OKLAHOMA THROUGH PROMOTING THE PRACTICE OF FAMILY MEDICINE AND PROVIDING EDUCATION TO MEMBER FAMILY PRACTITIONERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESIDENT & STUDENT SUPPORT - THE ACADEMY PROVIDES DIRECT SUPPORT TO OKLAHOMA RESIDENTS AND STUDENTS THROUGH RECRUITMENT AND RENTION ACTIVITIES THROUGHOUT THE YEAR. SUPPORT INCLUDES CONFERENCE SPONSORSHIPS, RECRUITMENT EVENTS, MONTHLY LUNCHEONS, AND EDUCATION ACTIVITIES. THESE ACTIVITIES ARE GEARED TO INCREASE THE FAMILY MEDICINE PRESENCE IN OKLAHOMA.
OTHER ONGOING EFFORTS PROMOTING FAMILY MEDICINE THROUGHOUT THE STATE OF OKLAHOMA.
MEMBERSHIP - THE ACADEMY PROVIDES ONGOING CONTINUING MEDICAL EDUCATION, THE ANNUAL SCIENTIFIC ASSEMBLY, REGULAR LUNCHEONS AND WEBINARS, AND CHOICE PARTNERSHIP SUPPORT. MEMBERS ARE ADDED EACH CALENDAR QUARTER AND ARE PROVIDED ONGOING COMMUNICATIONS FROM THE ACADEMY. EACH YEAR THE ANNUAL SCIENTIFIC ASSEMBLY IS HELD AND PROVIDES MEMBERS WITH EDUCATION OPPORTUNITIES AS WELL AS OPPORTUNITIES TO MEET FAMILY PHYSICIANS FROM ACROSS THE COUNTRY.
ADVOCACY - THE ACADEMY HAS A CONTRACT LEGISLATIVE CONSULTANT WHO WORKS YEAR-ROUND TO ENSURE MEMBER THOUGHTS AND VIEWS ARE UNDERSTOOD AT THE OKLAHOMA STATE CAPITAL. MEMBERS ARE FREQUENTLY UPDATED WITH INFORMATION ON LEGISLATIVE EFFORTS THROUGHOUT OKLAHOMA. A RESOURCE BOARD IS ALSO MADE AVAILABLE FOR MEMBERS TO DIRECTLY CONNECT WITH THEIR RESPECTIVE LOCAL LEGISLATORS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Syeachia Dennis President | OfficerTrustee | 2 | $0 |
Abbey Woods President El | OfficerTrustee | 2 | $0 |
Mitch Duininck Past Preside | OfficerTrustee | 2 | $0 |
Calin Kirk Treasurer | OfficerTrustee | 2 | $0 |
Kari Webber Exec Vice Pr | Officer | 40 | $109,764 |
Pam Ahearn Aafp Delegat | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $223,027 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $56,500 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $279,527 |
| Total Program Service Revenue | $0 |
| Investment income | $29,893 |
| 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 | $345,170 |
| 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. | $109,764 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $14,509 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $11,864 |
| Payroll taxes | $9,461 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,022 |
| Fees for services: Lobbying | $47,583 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $36,010 |
| Office expenses | $163 |
| Information technology | $6,083 |
| Royalties | $0 |
| Occupancy | $3,439 |
| Travel | $9,459 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $83,081 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,486 |
| All other expenses | $455 |
| Total functional expenses | $347,382 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $148,489 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $1,411,436 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,559,925 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $21 |
| Total liabilities | $21 |
| Net assets without donor restrictions | $1,559,904 |
| 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 | $1,559,925 |