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Nonprofiteer
← DELAWARE ACADEMY OF MEDICINE INC

Form 990 for tax year 2022

Filed by DELAWARE ACADEMY OF MEDICINE INC.

Totals

Total revenue
$1,759,887
Total expenses
$1,414,240
Contributions and grants received
$1,599,182
Grants paid
$0
Program service revenue
$135,008
Investment income
$25,697
Other revenue
$0
Total assets, end of year
$3,796,742
Total liabilities, end of year
$846,477
Net assets or fund balances, end of year
$2,950,265
Program services expenses (Part IX)
$1,303,099
Management and general expenses
$94,062
Fundraising expenses
$17,079
Program service expenses (Part III)
$1,303,099

Program services were 92.1% 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.

  • 1b · Membership dues

    $2,474

  • 1d · Related organizations

    $282,812

  • 1e · Government grants (contributions)

    $1,138,781

  • 1f · All other contributions, gifts and grants

    $175,115

  • 2a · Program service revenue: Program Service Contra

    total $79,727 · related or exempt $79,727

  • 2b · Program service revenue: Health Conferences

    total $27,282 · related or exempt $27,282

  • 2c · Program service revenue: Contract Services

    total $21,698 · related or exempt $21,698

  • 2d · Program service revenue: Student Loan Interest

    total $3,781 · related or exempt $3,781

  • 2e · Program service revenue: Sublet Income

    total $2,520 · related or exempt $2,520

  • 3 · Investment income

    total $16,497 · excluded $16,497

  • 7a · Gross sales of assets other than inventory

    securities $203,377

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

    securities $194,177

  • 7c · Gain or loss

    securities $9,200

  • 7d · Net gain or loss

    total $9,200 · excluded $9,200

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $151,575 · program services $127,322 · management and general $19,705 · fundraising $4,548

  • 7 · Other salaries and wages

    total $265,157 · program services $222,732 · management and general $34,470 · fundraising $7,955

  • 8 · Pension plan contributions

    total $3,345 · program services $2,810 · management and general $435 · fundraising $100

  • 9 · Other employee benefits

    total $13,476 · program services $11,320 · management and general $1,752 · fundraising $404

  • 10 · Payroll taxes

    total $28,227 · program services $23,711 · management and general $3,670 · fundraising $846

  • 11a · Fees: management

    total $11,000 · program services $11,000

  • 11b · Fees: legal

    total $2,064 · management and general $2,064

  • 11c · Fees: accounting

    total $16,000 · management and general $16,000

  • 11f · Fees: investment management

    total $774 · management and general $774

  • 11g · Fees: other

    total $333,769 · program services $331,154 · management and general $2,615

  • 12 · Advertising and promotion

    total $1,180 · program services $1,180

  • 13 · Office expenses

    total $22,718 · program services $20,061 · management and general $2,657

  • 14 · Information technology

    total $142,570 · program services $142,570

  • 16 · Occupancy

    total $22,326 · program services $20,093 · management and general $2,233

  • 17 · Travel

    total $543 · program services $543

  • 19 · Conferences, conventions and meetings

    total $21,505 · program services $18,279 · fundraising $3,226

  • 22 · Depreciation, depletion and amortization

    total $12,974 · program services $12,974

  • 23 · Insurance

    total $12,131 · program services $9,098 · management and general $3,033

  • 24a · Other expenses: Program Supplies

    total $319,367 · program services $314,713 · management and general $4,654

  • 24b · Other expenses: Archive Supplies

    total $22,189 · program services $22,189

  • 24c · Other expenses: DPHA

    total $8,978 · program services $8,978

  • 24d · Other expenses: Bank fees

    total $2,372 · program services $2,372

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $38,588 · end of year $794,951

  • 4 · Accounts receivable

    beginning of year $40,272 · end of year $115,647

  • 9 · Prepaid expenses and deferred charges

    beginning of year $7,000 · end of year $9,639

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

    $512,706

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

    $270,693

  • 10c · Land, buildings and equipment, net

    beginning of year $254,987 · end of year $242,013

  • 11 · Investments: publicly traded securities

    beginning of year $2,907,254 · end of year $2,290,979

  • 13 · Investments: program-related

    beginning of year $341,326 · end of year $343,513

  • 17 · Accounts payable and accrued expenses

    beginning of year $11,286 · end of year $41,115

  • 19 · Deferred revenue

    beginning of year $0 · end of year $471,289

  • 25 · Other liabilities

    beginning of year $323,630 · end of year $334,073

  • 27 · Net assets without donor restrictions

    beginning of year $395,235 · end of year $452,281

  • 28 · Net assets with donor restrictions

    beginning of year $2,859,276 · end of year $2,497,984

Mission and programs · 2022

Mission

The Delaware Academy of Medicine, Inc. is a private, non-profit organization founded in 1930. Our mission is to enhance the well-being of the community through education and the promotion of public health. This mission is accomplished through professional and lay education, advocacy efforts, partnerships with like-minded individuals and entities, and with guidance from national organizations including the American Public Health Association and the National Academy of Medicine.

Activities or mission (Part I)

Founded in 1930, the Organization focuses on public health and research.

  • Community Education & Resources(CER): For the professional/clinical healthcare community, the Delaware Academy of Medicine, Inc. provides training and professional development programs on a wide range of topics; from specialty education to public health education topics including cultural competency, health literacy, and trends in public health practices.The Delaware Academy of Medicine, Inc. operates the Immunization Coalition of Delaware program and the Stroke Prevention and Resources project. The Delaware Academy of Medicine, Inc. is the State of Delaware affiliate of the American Public Health Association, and publishes the Delaware Journal of Public Health.In addition, the Delaware Academy of Medicine, Inc., operates the Delaware Health Force initiative in a collaborative relationship with the State of Delaware and the Delaware Health Care Commission.

    Expenses $1,282,733 · Revenue $131,227

  • Student Financial Aid(SAF): The student financial aid program offered by the Delaware Academy of Medicine, Inc. provides general assistance loans to Delaware residents studying medicine and dentistry.

    Expenses $20,366 · Revenue $3,781

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • S John Swanson MD FACS

    President

    Total calculated
    $0
    Hours/week
    2

  • Omar A Khan MD MHS FAAFP

    Immediate Past President

    Total calculated
    $0
    Hours/week
    2

  • Lynn Jones FACHE

    President-Elect

    Total calculated
    $0
    Hours/week
    2

  • Professor Rita Landgraf

    Vice President

    Total calculated
    $0
    Hours/week
    2

  • Jeffrey M Cole DDS MBA

    Treasurer

    Total calculated
    $0
    Hours/week
    2

  • Stephen C Eppes MD

    Secretary

    Total calculated
    $0
    Hours/week
    2

  • David M Bercaw MD FAAFP

    Director

    Total calculated
    $0
    Hours/week
    2

  • Daniel J Meara MD DMD

    Director

    Total calculated
    $0
    Hours/week
    2

  • Timothy E Gibbs MPH NPMc

    Executive Director

    Total calculated
    $152,154
    From this org
    $121,027
    From related orgs
    $0
    Other
    $31,127
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $115,027
    Bonus
    $6,000
    Other
    $0
    Deferred
    $7,462
    Nontaxable benefits
    $23,665
    Filer's total
    $152,154

  • Lee P Dresser MD

    Director

    Total calculated
    $0
    Hours/week
    2

  • Eric T Johnson MD

    Director

    Total calculated
    $0
    Hours/week
    2

  • Erin M Kavanaugh MD

    Director

    Total calculated
    $0
    Hours/week
    2

  • Joseph Kelly DDS

    Director

    Total calculated
    $0
    Hours/week
    2

  • Joseph F Kestner Jr MD

    Director

    Total calculated
    $0
    Hours/week
    2

  • Brian W Little MD PhD

    Director

    Total calculated
    $0
    Hours/week
    2

  • Arun V Malhotra MD

    Director

    Total calculated
    $0
    Hours/week
    2

  • Ann Painter MSN RN

    Director

    Total calculated
    $0
    Hours/week
    2

  • John P Piper MD

    Director

    Total calculated
    $0
    Hours/week
    2

  • Charmaine Wright MD MSHP

    Director

    Total calculated
    $0
    Hours/week
    2

  • Robert B Flinn MD

    Emeritus

    Total calculated
    $0
    Hours/week
    1

  • Barry S Kayne DDS

    Emeritus

    Total calculated
    $0
    Hours/week
    1

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 · Approval by the board or compensation committee
  • 7 · Other non-fixed payments

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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Part I, Line 7
The Board may approve a bonus pool amount based on performance to mission and subject to the availability of funds.

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.

Provenance

Return type
form_990
Tax year
2022
Filed
10 November 2023
IRS schema version
2022v5.0
Source object
202343149349303494

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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