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Nonprofiteer
← AMERICAN MEDICAL ASSOCIATION FOUNDATION

Form 990 for tax year 2024

Filed by AMERICAN MEDICAL ASSOCIATION FOUNDATION.

Totals

Total revenue
$3,064,034
Total expenses
$6,175,479
Contributions and grants received
$1,791,042
Grants paid
$2,645,847
Program service revenue
$0
Investment income
$1,269,668
Other revenue
$3,324
Total assets, end of year
$25,674,194
Total liabilities, end of year
$659,440
Net assets or fund balances, end of year
$25,014,754
Program services expenses (Part IX)
$3,705,400
Management and general expenses
$1,563,615
Fundraising expenses
$906,464
Program service expenses (Part III)
$3,705,400

Program services were 60.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $1,791,042

  • 3 · Investment income

    total $611,022 · excluded $611,022

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 6d · Net rental income or loss

    total $0

  • 7a · Gross sales of assets other than inventory

    securities $13,999,235

  • 7b · Less cost or other basis and sales expenses

    securities $13,340,589

  • 7c · Gain or loss

    securities $658,646

  • 7d · Net gain or loss

    total $658,646 · excluded $658,646

  • 8a · Fundraising events: gross income

    $0

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $0

  • 11a · Other revenue: MISCELLANEOUS REVENUE

    total $3,324

  • 11e · Other revenue, total

    $3,324

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,235,847 · program services $2,235,847

  • 2 · Grants to domestic individuals

    total $410,000 · program services $410,000

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $607,017 · program services $289,891 · management and general $162,397 · fundraising $154,729

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $974,191 · program services $200,135 · management and general $360,858 · fundraising $413,198

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $0

  • 10 · Payroll taxes

    total $0

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $42,664 · management and general $30,531 · fundraising $12,133

  • 11c · Fees: accounting

    total $40,876 · management and general $40,876

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $85,385 · management and general $85,385

  • 11g · Fees: other

    total $470,045 · program services $152,325 · management and general $274,385 · fundraising $43,335

  • 12 · Advertising and promotion

    total $0

  • 13 · Office expenses

    total $247,295 · program services $18,874 · management and general $226,465 · fundraising $1,956

  • 14 · Information technology

    total $77,202 · management and general $77,202

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $128,468 · management and general $128,468

  • 17 · Travel

    total $258,123 · program services $137,127 · management and general $64,264 · fundraising $56,732

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $234,097 · program services $57,142 · management and general $41,821 · fundraising $135,134

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $90,845 · management and general $38,995 · fundraising $51,850

  • 22 · Depreciation, depletion and amortization

    total $0

  • 23 · Insurance

    total $22,948 · management and general $22,948

  • 24a · Other expenses: ADMINISTRATIVE FEES

    total $201,111 · program services $201,111

  • 24b · Other expenses: PRINTING & PRODUCTION

    total $9,464 · program services $516 · management and general $4,424 · fundraising $4,524

  • 24c · Other expenses: POSTAGE

    total $11,955 · program services $588 · management and general $1,165 · fundraising $10,202

  • 24d · Other expenses: SUPPLIES

    total $9,369 · program services $1,844 · management and general $1,834 · fundraising $5,691

  • 24e · All other expenses

    total $18,577 · management and general $1,597 · fundraising $16,980

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $0 · end of year $0

  • 2 · Savings and temporary cash investments

    beginning of year $2,051,197 · end of year $1,198,697

  • 3 · Pledges and grants receivable

    beginning of year $1,800,953 · end of year $956,597

  • 4 · Accounts receivable

    beginning of year $0 · end of year $0

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $43,872 · end of year $46,111

  • 10a · Land, buildings and equipment: cost or other basis

    $30,314

  • 10b · Land, buildings and equipment: accumulated depreciation

    $30,314

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $23,111,932 · end of year $23,472,789

  • 12 · Investments: other securities

    beginning of year $0 · end of year $0

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $355,271 · end of year $374,730

  • 18 · Grants payable

    beginning of year $60,350 · end of year $284,710

  • 19 · Deferred revenue

    beginning of year $0 · end of year $0

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $0 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $13,364,411 · end of year $11,346,897

  • 28 · Net assets with donor restrictions

    beginning of year $13,227,922 · end of year $13,667,857

Mission and programs · 2024

Mission

THE AMA FOUNDATION BRINGS TOGETHER PHYSICIANS AND COMMUNITIES TO IMPROVE OUR NATION'S HEALTH.

Activities or mission (Part I)

THE AMA FOUNDATION BRINGS TOGETHER PHYSICIANS AND COMMUNITIES TO IMPROVE OUR NATION'S HEALTH. SEE SCHEDULE O FOR DETAILS OF OPERATIONAL INITIATIVES.

  • GENERAL PROGRAM SERVICES - WORKING IN ALIGNMENT WITH THE STRATEGIC PRIORITIES OF THE AMERICAN MEDICAL ASSOCIATION, WE AMPLIFY THE IMPACT OF PHYSICIANS BY FUNDING PROGRAMS AND INITIATIVES THAT SUPPORT PHYSICIANS, PROMOTE OPTIMAL HEALTH FOR ALL, AND ADVANCE MEDICAL EDUCATION. THROUGH TARGETED INVESTMENTS, PARTNERSHIPS, AND PHILANTHROPIC SUPPORT, WE IDENTIFY AREAS OF URGENT NEED AND HELP EMPOWER PHYSICIAN LEADERS TO DEVELOP INNOVATIVE SOLUTIONS.

    Expenses $2,052,313 · Grants $1,681,587

  • LGBTQ+ HEALTH PROGRAM - THE AMA FOUNDATION WORKS TO ADDRESS PERSISTENT GAPS IN CARE AFFECTING LGBTQ+ INDIVIDUALS BY CONVENING LEADERS IN HEALTH CARE, THE LGBTQ+ COMMUNITY, MEDICAL EDUCATION, COMMUNITY ORGANIZATIONS, AND OTHER STAKEHOLDERS. OUR VISION IS TO ENSURE ALL LGBTQ+ PEOPLE RECEIVE HIGH QUALITY, COMPASSIONATE, AND AFFRIMING CARE.

    Expenses $894,701 · Grants $549,241

  • Withheld by Nonprofiteer: this text may name a private individual.

    Expenses $585,422 · Grants $410,000

  • Other Program Services

    Expenses $172,964

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here. A text marked withheld matched a screen for wording that may name a private individual, such as an honorific or "in memory of". Most of what it withholds names no one; it is withheld so that what does is never shown.

Listed in Part VII

  • Virginia Spitzer

    EXECUTIVE DIRECTOR

    Total calculated
    $273,899
    From this org
    $273,899
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $273,899
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $273,899

  • Sandra Smith

    DEPUTY DIRECTOR

    Total calculated
    $203,918
    From this org
    $203,918
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $203,918
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $203,918

  • Carie Lovstad

    SENIOR DEVELOPMENT OFFICER

    Total calculated
    $129,200
    From this org
    $129,200
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Mary Beth Ellison

    President

    Total calculated
    $0
    Hours/week
    5

  • Albert Ray MD FAAFP

    Immediate Past President

    Total calculated
    $0
    Hours/week
    5

  • Cedric M Bright MD FACP

    Director

    Total calculated
    $0
    Hours/week
    3

  • Jon Ekdahl JD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Jeremy Lazarus MD

    President-Elect

    Total calculated
    $0
    Hours/week
    5

  • Rachelle M Klammer MD FACEP

    Secretary

    Total calculated
    $0
    Hours/week
    3

  • Barbara L McAneny MD FASCO MACP

    Director

    Total calculated
    $0
    Hours/week
    3

  • Lisa Bohman Egbert MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Jerry D Kennett MD MACC

    Treasurer

    Total calculated
    $0
    Hours/week
    5

  • Thomas J Madejski MD FACP

    Director

    Total calculated
    $0
    Hours/week
    3

  • Diana Ramos MD MPH MBA FACOG

    Director

    Total calculated
    $0
    Hours/week
    3

  • Siobhan Wescott MD MPH

    Director

    Total calculated
    $0
    Hours/week
    3

  • Amanda Block

    Student Director

    Total calculated
    $0
    Hours/week
    3

  • Chidinma Ikonte

    Student Director

    Total calculated
    $0
    Hours/week
    3

  • Ilse Levin DO MPH TM FACP

    Director

    Total calculated
    $0
    Hours/week
    3

  • Jacqueline L Nguyen Esq

    Director

    Total calculated
    $0
    Hours/week
    3

  • Shilpen Patel MD FACRO FASTRO

    Director

    Total calculated
    $0
    Hours/week
    3

  • David Welsh MD MBA

    Director

    Total calculated
    $0
    Hours/week
    3

  • Racheal Kunesh

    AMA Alliance Representative

    Total calculated
    $0
    Hours/week
    3

  • Whitney Stuard Sambhariya MD PhD

    Resident Director

    Total calculated
    $0
    Hours/week
    3

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

  • SEE ATTACHED LIST

    $2,235,847

    Community Health Program

Provenance

Return type
form_990
Tax year
2024
Filed
15 February 2026
IRS schema version
2024v5.2
Source object
202600479349300835

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