Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1d · Related organizations

  $109,565

• 1f · All other contributions, gifts and grants

  $770,040

• 2a · Program service revenue: CONTINUING MEDICAL EDUCATION

  total $2,847,183 · related or exempt $2,847,183

• 2b · Program service revenue: MEMBERSHIP DUES

  total $2,343,261 · related or exempt $2,343,261

• 2c · Program service revenue: GRADUATE MEDICAL EDUCATION

  total $257,565 · related or exempt $257,565

• 2d · Program service revenue: PUBLICATIONS

  total $1,638 · unrelated business $1,638

• 3 · Investment income

  total $216,996 · excluded $216,996

• 7a · Gross sales of assets other than inventory

  securities $1,144,848

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

  securities $1,028,527

• 7c · Gain or loss

  securities $116,321

• 7d · Net gain or loss

  total $116,321 · excluded $116,321

• 11a · Other revenue: MANAGEMENT FEES

  total $133,332 · excluded $133,332

• 11b · Other revenue: OTHER REVENUE

  total $101,517 · excluded $101,517

• 11e · Other revenue, total

  $234,849

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $120,500

• 5 · Compensation of officers, directors and key employees

  total $802,686

• 6 · Compensation of disqualified persons

  total $1,142,831

• 8 · Pension plan contributions

  total $72,194

• 9 · Other employee benefits

  total $216,297

• 10 · Payroll taxes

  total $138,000

• 11b · Fees: legal

  total $40,377

• 11c · Fees: accounting

  total $25,032

• 11d · Fees: lobbying

  total $10,888

• 11f · Fees: investment management

  total $43,515

• 11g · Fees: other

  total $252,711

• 13 · Office expenses

  total $162,623

• 14 · Information technology

  total $41,982

• 16 · Occupancy

  total $62,731

• 17 · Travel

  total $450,323

• 19 · Conferences, conventions and meetings

  total $2,926,900

• 22 · Depreciation, depletion and amortization

  total $94,657

• 23 · Insurance

  total $27,861

• 24e · All other expenses

  total $537,854

Balance sheet

Part X, book values.

• 2 · Savings and temporary cash investments

  beginning of year $1,537,384 · end of year $1,166,350

• 3 · Pledges and grants receivable

  beginning of year $339,452 · end of year $515,933

• 4 · Accounts receivable

  beginning of year $288,236 · end of year $382,276

• 9 · Prepaid expenses and deferred charges

  beginning of year $487,275 · end of year $630,003

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

  $609,767

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

  $251,251

• 10c · Land, buildings and equipment, net

  beginning of year $428,280 · end of year $358,516

• 11 · Investments: publicly traded securities

  beginning of year $8,417,090 · end of year $9,247,298

• 15 · Other assets

  beginning of year $93,447 · end of year $76,188

• 17 · Accounts payable and accrued expenses

  beginning of year $531,441 · end of year $775,091

• 19 · Deferred revenue

  beginning of year $1,965,312 · end of year $1,701,596

• 25 · Other liabilities

  beginning of year $426,755 · end of year $365,560

• 27 · Net assets without donor restrictions

  beginning of year $8,328,204 · end of year $8,949,988

• 28 · Net assets with donor restrictions

  beginning of year $339,452 · end of year $584,329

The filer's explanations (Part III)

PART I, LINE 1A

PER ACOFP POLICY, SPOUSE TRAVEL FOR THE PRESIDENT, AND FOR ALL BOARD MEMBERS TO THE SUMMER BOARD RETREAT AND THE SPRING CONVENTION MAY BE PROVIDED.