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← AMERICAN PODIATRIC MEDICAL ASSOC EDUCATIONAL FOUNDATION INC

Form 990 for tax year 2022

Filed by AMERICAN PODIATRIC MEDICAL ASSOC EDUCATIONAL FOUNDATION INC.

Totals

Total revenue
$564,800
Total expenses
$603,315
Contributions and grants received
$227,262
Grants paid
$433,700
Program service revenue
$0
Investment income
$337,538
Other revenue
$0
Total assets, end of year
$8,608,142
Total liabilities, end of year
$14,490
Net assets or fund balances, end of year
$8,593,652
Program services expenses (Part IX)
$556,331
Management and general expenses
$46,984
Fundraising expenses
$0
Program service expenses (Part III)
$556,331

Program services were 92.2% 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.

  • 1c · Fundraising events

    $18,927

  • 1f · All other contributions, gifts and grants

    $208,335

  • 3 · Investment income

    total $255,608 · excluded $255,608

  • 7a · Gross sales of assets other than inventory

    securities $1,280,562

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

    securities $1,198,632

  • 7c · Gain or loss

    securities $81,930

  • 7d · Net gain or loss

    total $81,930 · excluded $81,930

  • 8a · Fundraising events: gross income

    $0

  • 8a · Fundraising events: contributions included on line 1c

    $18,927

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $433,700 · program services $433,700

  • 11a · Fees: management

    total $90,000 · program services $90,000

  • 11c · Fees: accounting

    total $12,200 · management and general $12,200

  • 11f · Fees: investment management

    total $32,797 · management and general $32,797

  • 19 · Conferences, conventions and meetings

    total $998 · management and general $998

  • 24a · Other expenses: GRANTS

    total $30,213 · program services $30,213

  • 24b · Other expenses: MISCELLANEOUS

    total $1,599 · program services $1,599

  • 24c · Other expenses: PRINTING AND POSTAGE

    total $989 · management and general $989

  • 24d · Other expenses: LICENSING AND PERMITS

    total $755 · program services $755

  • 24e · All other expenses

    total $64 · program services $64

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $215,970 · end of year $220,146

  • 3 · Pledges and grants receivable

    beginning of year $20,438 · end of year $12,533

  • 11 · Investments: publicly traded securities

    beginning of year $8,873,024 · end of year $8,364,273

  • 15 · Other assets

    beginning of year $11,740 · end of year $11,190

  • 17 · Accounts payable and accrued expenses

    beginning of year $105,512 · end of year $14,490

  • 27 · Net assets without donor restrictions

    beginning of year $218,324 · end of year $353,454

  • 28 · Net assets with donor restrictions

    beginning of year $8,797,336 · end of year $8,240,198

Mission and programs · 2022

Mission

THE FOUNDATION IS THE CHARITABLE EDUCATION INITIATIVE OF THE AMERICAN PODIATRIC MEDICAL ASSOCIATION, INC. IT PROVIDES AND PROMOTES QUALITY FOOT HEALTH EDUCATION, SUPPORTS RESEARCH RELATED TO FOOT HEALTH, AND PROVIDES SCHOLARSHIPS TO STUDENTS IN PODIATRIC MEDICAL COLLEGES.

Activities or mission (Part I)

TO INCREASE NATIONWIDE AWARENESS AND UNDERSTANDING OF FOOT AND ANKLE HEALTH.

  • 207 SCHOLARSHIP RECIPIENTS WITH AWARDS RANGING FROM $1,400 - $45,000 FOR A TOTAL OF $423,600. 2 APMWA STUDENT WRITING COMPETITION AWARDS RANGING PRIZES RANGE FROM $1,500 FOR FIRST PLACE - $ 500 FOR THIRD PLACE WINNERS. 11 TRAVEL SCHOLARSHIP FOR STUDENTS TO TRAVEL TO ASM 2022 IN ORLANDO. EACH AWARDEE RECEIVED $700.

    Expenses $556,331 · Grants $433,700

As filed on the 2022 return.

Listed in Part VII

  • Sylvia Virbulis Dpm

    EX-OFFICIO BOARD OF DIRECT

    Total calculated
    $7,300
    From this org
    $0
    From related orgs
    $7,300
    Other
    $0
    Hours/week
    1 + 5 related

  • Lawrence Santi Dpm

    PRESIDENT

    Total calculated
    $9,217
    From this org
    $0
    From related orgs
    $9,217
    Other
    $0
    Hours/week
    1 + 5 related

  • Leslie Campbell Dpm

    AT-LARGE DIRECTOR

    Total calculated
    $4,375
    From this org
    $0
    From related orgs
    $4,375
    Other
    $0
    Hours/week
    1 + 5 related

  • James R Christina Dpm

    SECRETARY (UNTIL 3/31/24)

    Total calculated
    $458,647
    From this org
    $0
    From related orgs
    $404,203
    Other
    $54,444
    Hours/week
    5 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $398,703 related
    Bonus
    $0 + $5,500 related
    Other
    $0
    Deferred
    $0 + $27,450 related
    Nontaxable benefits
    $0 + $26,994 related
    Filer's total
    $0 + $458,647 related

  • Brooke A Bisbee Dpm

    TREASURER

    Total calculated
    $10,458
    From this org
    $0
    From related orgs
    $10,458
    Other
    $0
    Hours/week
    1 + 5 related

  • Denis M Russell

    DEPUTY EXECUTIVE DIRECTOR/CBO

    Total calculated
    $323,929
    From this org
    $0
    From related orgs
    $266,658
    Other
    $57,271
    Hours/week
    5 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $266,358 related
    Bonus
    $0 + $300 related
    Other
    $0
    Deferred
    $0 + $24,623 related
    Nontaxable benefits
    $0 + $32,648 related
    Filer's total
    $0 + $323,929 related

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

None.

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

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • AMERICAN PODIATRIC MEDICAL ASSOCIATION INC

    501(C)(6) · TO ADVOCATE FOR PODIATRIC MEDICINE FOR THE BENEFIT OF MEMBERS AND THE PUBLIC · MD

  • APMA POLITICAL ACTION COMMITTEE

    527 · POLITICAL ACTION COMMITTEE ACTIVITIES · MD

    Directly controlled by APMA

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • APMA SERVICES INC

    C · CONUSLTING · MD

Provenance

Return type
form_990
Tax year
2022
Filed
15 April 2024
IRS schema version
2022v5.0
Source object
202431069349300628

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