Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1b · Membership dues

  $152,360

• 1e · Government grants (contributions)

  $444,000

• 1f · All other contributions, gifts and grants

  $50,379

• 2a · Program service revenue: CONTINUING MEDICAL EDUCATION

  total $42,390 · related or exempt $42,390

• 3 · Investment income

  total $70,077 · excluded $70,077

• 7a · Gross sales of assets other than inventory

  securities $140,183

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

  securities $413,824

• 7c · Gain or loss

  securities -$273,641

• 7d · Net gain or loss

  total -$273,641 · excluded -$273,641

• 11a · Other revenue: OTHER INCOME

  total $29 · related or exempt $29

• 11e · Other revenue, total

  $29

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $426,452 · program services $426,452

• 2 · Grants to domestic individuals

  total $19,624 · program services $19,624

• 11f · Fees: investment management

  total $10,507 · management and general $10,507

• 11g · Fees: other

  total $64,462 · program services $51,432 · management and general $13,030

• 13 · Office expenses

  total $1,355 · program services $985 · management and general $370

• 14 · Information technology

  total $24,353 · program services $24,094 · management and general $259

• 17 · Travel

  total $11,190 · program services $7,975 · management and general $3,215

• 23 · Insurance

  total $1,500 · program services $1,500

• 24a · Other expenses: REIMBURSED PERSONEL EXP

  total $185,175 · program services $184,442 · management and general $733

• 24b · Other expenses: FOOD, BEVERAGE AND FACI

  total $72,951 · program services $70,609 · management and general $2,342

• 24c · Other expenses: OTHER OPERATING EXPENSE

  total $20,929 · program services $1,339 · management and general $19,590

• 24d · Other expenses: OTHER PROJECT EXPENSE

  total $15,494 · program services $14,589 · management and general $905

• 24e · All other expenses

  total $8,549 · program services $7,200 · management and general $1,349

Balance sheet

Part X, book values.

• 2 · Savings and temporary cash investments

  beginning of year $509,334 · end of year $578,585

• 3 · Pledges and grants receivable

  beginning of year $148,500 · end of year $5,000

• 9 · Prepaid expenses and deferred charges

  beginning of year $9,375

• 11 · Investments: publicly traded securities

  beginning of year $2,373,384 · end of year $2,018,249

• 17 · Accounts payable and accrued expenses

  end of year $63,373

• 27 · Net assets without donor restrictions

  beginning of year $2,945,291 · end of year $2,524,411

• 28 · Net assets with donor restrictions

  beginning of year $95,302 · end of year $14,050

The filer's explanations (Part III)

SCHEDULE J, QUESTION 3, PART I

THE CEO IS PAID FROM A RELATED ORGANIZATION, CALIFORNIA ACADEMY OF FAMILY PHYSICIANS. THE RELATED ORGANIZATION USES THE FOLLOWING PROCEDURES TO ESTABLISH COMPENSATION OF THE ORGANIZATION'S CEO. COMPENSATION COMMITTEE, INDEPENDENT COMPENSATION CONSULTANT, FORM 990 OF OTHER ORGANIZATIONS, WRITTEN EMPLOYMENT CONTRACT, AND APPROVAL OF THE BOARD OR COMPENSATION COMMITTEE.