Nebraska Academy Of Family Physicians Inc
- Assets
- $359.5k
- Revenue
- $443.7k
- Investments
- $0.0
- Employees
- 2
- Location
- Omaha, NE
- Founding
- 07/1948
- Data as of
- 12/2023
- EIN
- 91-1753651
Organization Overview
Nebraska Academy Of Family Physicians Inc is located in Omaha, NE. The organization was established in 1948. 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, Nebraska Academy Of Family Physicians Inc employed 2 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Nebraska Academy Of Family Physicians 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 12/2023, Nebraska Academy Of Family Physicians Inc generated $443.7k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.6%) each year. All expenses for the organization totaled $432.2k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (1.5%) per year over the past 8 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
PROMOTE, SUPPORT, AND SERVE OUR MEMBERS TO IMPROVE THE HEALTH OF ALL NEBRASKANS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MEETING IS ATTENDED BY ACTIVE, LIFE, RESIDENT AND STUDENT MEMBERS AND INCLUDES CONTINUING MEDICAL EDUCATION, A MEMBER BUSINESS MEETING, ELECTION OF OFFICERS AS WELL AS MANY OTHER PROGRAMS AND WORKSHOPS ON TOPICS OF IMPORTANCE TO OUR MEMBERS IN THEIR OFFICE PRACTICE. OUR FALL CONFERENCE EACH YEAR IS ALSO MADE AVAILABLE TO OUR MEMBERSHIP ENABLING THEM TO OBTAIN CONTINUING MEDICAL EDUCATION AND MANY TIMES OFFERS AN ADDITIONAL DAY OF TRAINING.
THE NEBRASKA ACADEMY OF FAMILY PHYSICIANS SENDS MEMBERS TO THE ANNUAL CHAPTER LEADER FORUM AND NATIONAL CONFERENCE OF CONSTITUENCY LEADERS. THIS TWO TRACK CONFERENCE PROVIDES LEADERSHIP TRAINING AND WORKSHOPS ON A VARIETY OF TOPICS IMPORTANT TO OUR MEMBERS TO HELP THEM UNDERSTAND TODAY'S RAPIDLY CHANGING HEALTH CARE INDUSTRY. SCHOLARSHIPS ARE AVAILABLE FROM THE AMERICAN ACADEMY OF FAMILY PHYSICIANS TO HELP PROVIDE SUPPORT FOR TRAVEL. PROVIDING THIS SERVICE TO OUR CURRENT AND ASPIRING LEADERS HAS BEEN HELPFUL FOR THEIR LEADERSHIP IN OUR ACADEMY AND TO THEIR PROFESSIONAL DEVELOPMENT.
NAFP IS WORKING TOWARDS EXECUTING THE 2023-2026 STRATEGIC PLAN. KEY PRIORITY AREAS INCLUDE EDUCATION, ADVOCACY, PRACTICE ENHANCEMENT, AND MEMBERSHIP.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christine M Jeffrey MD Past President Thru 03/23 | OfficerTrustee | 1 | $0 |
Patrick A Hotovy MD Immediate Past President | OfficerTrustee | 1 | $0 |
Lynnette D Kramer MD President | OfficerTrustee | 1 | $0 |
Trisha M Sams MD Secretary/treasurer | OfficerTrustee | 1 | $0 |
Kipton L Anderson MD Aafp Delegate | Trustee | 1 | $0 |
Joseph S Miller MD Aafp Delegate | Trustee | 1 | $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 | $15,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $15,000 |
| Total Program Service Revenue | $372,532 |
| Investment income | $8,467 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $14,000 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $16,140 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $443,713 |
| 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. | $128,921 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $42,146 |
| Pension plan accruals and contributions | $7,769 |
| Other employee benefits | $0 |
| Payroll taxes | $11,477 |
| Fees for services: Management | $28,506 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,411 |
| Fees for services: Lobbying | $23,100 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $641 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $13,979 |
| Information technology | $4,427 |
| Royalties | $0 |
| Occupancy | $21,012 |
| Travel | $18,457 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $112,835 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,617 |
| Insurance | $3,895 |
| All other expenses | $5,337 |
| Total functional expenses | $432,150 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $23 |
| Savings and temporary cash investments | $39,765 |
| 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 | $312 |
| Investments—publicly traded securities | $317,186 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,233 |
| Total assets | $359,519 |
| Accounts payable and accrued expenses | $1,354 |
| 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 | $0 |
| Total liabilities | $1,354 |
| Net assets without donor restrictions | $0 |
| 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 | $358,165 |
| Total liabilities and net assets/fund balances | $359,519 |