American College Of Allergy & Immunology
- Assets
- $45.2m
- Revenue
- $11.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Arlington Heights, IL
- Founding
- 11/1944
- Data as of
- 12/2023
- EIN
- 84-0457367
Organization Overview
American College Of Allergy & Immunology is located in Arlington Heights, IL. The organization was established in 1944. According to its NTEE Classification (G60) the organization is classified as: Allergy-Related Diseases, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American College Of Allergy & Immunology 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 12/2023, American College Of Allergy & Immunology generated $11.4m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 1.5% each year. All expenses for the organization totaled $10.1m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, American College Of Allergy & Immunology has awarded 38 individual grants totaling $1,553,752. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE THE EXCELLENCE IN THE PRACTICE OF THE SUBSPECIALTY OF ALLERGY AND IMMUNOLOGY.
Describe the Organization's Program Activity:
THE COLLEGE SPONSORS AN ANNUAL CONVENTION. THE PURPOSE OF THECONVENTION WAS EDUCATIONAL IN NATURE AND WORKSHOPS AND SESSIONS WEREGIVEN TO ENABLE PARTICIPANTS TO LEARN THE LATEST DEVELOPMENTS IN THEFIELD OF ALLERGY, ASTHMA AND IMMUNOLOGY. APPROXIMATELY 2,051PARTICIPANTS (1,519 IN PERSON AND 532 VIRTUAL), INCLUDING 1,359PHYSICIANS ATTENDED THE 2023 CONVENTION.
PRODUCTION OF THE ANNALS OF ALLERGY, ASTHMA & IMMUNOLOGY, WHICH IS THEOFFICIAL JOURNAL OF THE COLLEGE. TOTAL MEMBER SUBSCRIPTIONSAPPROXIMATED 3,460.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Travis A Miller MD Regent, Advocacy Council Chair - From Nov 2023 | OfficerTrustee | 6 | $0 |
Kathleen May MD Immediate Past President As Of 11/23 | OfficerTrustee | 10 | $10,000 |
Mark L Corbett MD Past Past President As Of 11/23 | OfficerTrustee | 10 | $0 |
Luz S Fonacier MD Past Past President Thru 11/23 | OfficerTrustee | 6 | $0 |
Gailen D Marshall Jr MD PHD President As Of 11/23 | OfficerTrustee | 10 | $25,000 |
James M Tracy DO President-Elect As Of 11/23 | OfficerTrustee | 10 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Executive Administration Inc Management Services | 12/30/23 | $3,691,601 |
Encore Audio/visual Services | 12/30/23 | $803,817 |
Aramark Sports & Entertainment Services Catering Services | 12/30/23 | $386,287 |
Elsevier Inc Member Journal Subscriptions | 12/30/23 | $331,369 |
Freeman Convention Setup And Teardown Services | 12/30/23 | $322,874 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $487,497 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,337,541 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,825,038 |
| Total Program Service Revenue | $3,840,622 |
| Investment income | $1,031,063 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $661,287 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$3,922 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,420,417 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $135,100 |
| 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. | $255,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $437,363 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $3,650,600 |
| Fees for services: Legal | $28,760 |
| Fees for services: Accounting | $61,650 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $76,007 |
| Fees for services: Other | $0 |
| Advertising and promotion | $54,461 |
| Office expenses | $926,921 |
| Information technology | $657,836 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $512,295 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,914,599 |
| Interest | $0 |
| Payments to affiliates | $394,658 |
| Depreciation, depletion, and amortization | $125,169 |
| Insurance | $56,025 |
| All other expenses | $0 |
| Total functional expenses | $10,078,213 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,747,676 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $110,988 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $29,916 |
| Prepaid expenses and deferred charges | $383,382 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $41,847,042 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $33,495 |
| Other assets | $0 |
| Total assets | $45,152,499 |
| Accounts payable and accrued expenses | $908,399 |
| Grants payable | $0 |
| Deferred revenue | $1,705,711 |
| 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 | $2,614,110 |
| Net assets without donor restrictions | $42,538,389 |
| 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 | $45,152,499 |
Grants Awarded
Over the last fiscal year, American College Of Allergy & Immunology has awarded $125,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
ASTHMA AND ALLERGY FOUNDATION OF AMERICA PURPOSE: CONTRIBUTION | $15,000 |
ALLERGY AND ASTHMA NETWORK PURPOSE: CONTRIBUTION | $75,000 |
NATIONAL ECZEMA ASSOCIATION PURPOSE: CONTRIBUTION | $10,000 |
FOOD ALLERGY & ANAPHYLAXIS CONNECTION TEAM PURPOSE: CONTRIBUTION | $25,000 |