Administrators In Medicine Inc
- Assets
- $833.6k
- Revenue
- $153.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Raleigh, NC
- Founding
- 03/1985
- Data as of
- 06/2023
- EIN
- 74-2329314
Organization Overview
Administrators In Medicine Inc is located in Raleigh, NC. The organization was established in 1985. According to its NTEE Classification (E99) the organization is classified as: Health Care N.E.C., under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Administrators In Medicine Inc 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, Administrators In Medicine Inc generated $153.7k 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 (5.6%) each year. All expenses for the organization totaled $116.9k during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (2.0%) 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO ASSIST AND SUPPORT ADMINISTRATORS FOR MEDICAL LICENSING AND REGULATORY AUTHORITIES TO ACHIEVE ADMININSTRATIVE EXCELLENCE AND ULTIMATELY ADVANCE PUBLIC SAFETY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AIM'S ANNUAL MEETINGS (SPRING AND FALL) PROVIDE EDUCATIONAL OPPORTUNITIES FOR EXECUTIVES AND STAFF BY PROVIDING SPEAKERS TO DISCUSS IMPORTANT TOPICS IN MEDICAL REGULATION
AIM TRAINING SESSIONS FOR INVESTIGATORS, LICENSING STAFF, AND EXECUTIVE STAFF PROVIDE DETAILED START OF THE ART SKILLS AND BEST PRACTICES.
AIM SPONSORS A WESBSITE CALLED WWW.DOCFINDER.ORG WHERE THE PUBLIC MAY INQUIRE LICENSING AND DISCIPLINE STATUS OF ANY PHYSICIAN IN THE COUNTRY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Justin Bohall Director | Trustee | $0 | |
Margaret B Hansen Pa-C Cmbe Treasurer | OfficerTrustee | $0 | |
Sandra Depountis Director | Trustee | $0 | |
Amy Embry Secretary | OfficerTrustee | $0 | |
Kevin Bohnenblust JD Past Preside | OfficerTrustee | $0 | |
Patricia Mcsorley President | OfficerTrustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $24,500 |
| 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 | $24,500 |
| Total Program Service Revenue | $117,025 |
| Investment income | $10,514 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,678 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $153,717 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $368 |
| 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. | $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 | $72,507 |
| Fees for services: Legal | $415 |
| Fees for services: Accounting | $4,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,740 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,216 |
| Information technology | $1,889 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $29,282 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,094 |
| All other expenses | $0 |
| Total functional expenses | $116,867 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $382,037 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $9,544 |
| 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 | $1,149 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $440,884 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $833,614 |
| Accounts payable and accrued expenses | $819 |
| Grants payable | $0 |
| Deferred revenue | $400 |
| 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 | $0 |
| Total liabilities | $1,219 |
| Net assets without donor restrictions | $822,608 |
| Net assets with donor restrictions | $9,787 |
| 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 | $833,614 |