Form 990 for tax year 2024
Filed by AMERICAN ACADEMY OF FAMILY PHYSICIANS.
Totals
- Total revenue
- $1,933,596
- Total expenses
- $1,903,690
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $1,692,537
- Investment income
- $241,059
- Other revenue
- $0
- Total assets, end of year
- $4,038,120
- Total liabilities, end of year
- $619,350
- Net assets or fund balances, end of year
- $3,418,770
- Program services expenses (Part IX)
- $1,023,131
- Management and general expenses
- $880,559
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $1,023,131
Program services were 53.7% 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.
-
2a · Program service revenue: CONFERENCES & MEETINGS
total $835,107 · related or exempt $835,107
-
2b · Program service revenue: MEMBERSHIP DUES
total $825,080 · related or exempt $825,080
-
2c · Program service revenue: PUBLICATIONS
total $32,350 · unrelated business $32,350
-
3 · Investment income
total $175,249 · excluded $175,249
-
7a · Gross sales of assets other than inventory
securities $484,162
-
7b · Less cost or other basis and sales expenses
securities $418,352
-
7c · Gain or loss
securities $65,810
-
7d · Net gain or loss
total $65,810 · excluded $65,810
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $530,660 · program services $233,362 · management and general $297,298
-
7 · Other salaries and wages
total $136,607 · program services $60,074 · management and general $76,533
-
8 · Pension plan contributions
total $56,105 · program services $24,673 · management and general $31,432
-
9 · Other employee benefits
total $26,196 · program services $11,520 · management and general $14,676
-
10 · Payroll taxes
total $47,262 · program services $20,784 · management and general $26,478
-
11a · Fees: management
total $3,299 · management and general $3,299
-
11b · Fees: legal
total $6,273 · management and general $6,273
-
11c · Fees: accounting
total $17,797 · management and general $17,797
-
11d · Fees: lobbying
total $75,294 · program services $75,294
-
11f · Fees: investment management
total $17,719 · management and general $17,719
-
11g · Fees: other
total $53,423 · management and general $53,423
-
13 · Office expenses
total $46,274 · program services $22,207 · management and general $24,067
-
14 · Information technology
total $46,450 · program services $5,874 · management and general $40,576
-
16 · Occupancy
total $91,735 · program services $70 · management and general $91,665
-
17 · Travel
total $107,930 · program services $25,718 · management and general $82,212
-
19 · Conferences, conventions and meetings
total $484,099 · program services $452,440 · management and general $31,659
-
22 · Depreciation, depletion and amortization
total $39,029 · management and general $39,029
-
23 · Insurance
total $6,793 · program services $2,131 · management and general $4,662
-
24a · Other expenses: SPEAKER HONORARIA
total $38,719 · program services $38,719
-
24b · Other expenses: EDUCATIONAL DEVELOPMENT
total $30,705 · program services $30,705
-
24c · Other expenses: PRINTING
total $18,221 · program services $17,851 · management and general $370
-
24d · Other expenses: DUES AND SUPSCRIPTIONS
total $13,782 · management and general $13,782
-
24e · All other expenses
total $9,318 · program services $1,709 · management and general $7,609
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $40,290 · end of year $89,636
-
2 · Savings and temporary cash investments
beginning of year $391,695 · end of year $1,160,180
-
4 · Accounts receivable
beginning of year $24,127 · end of year $30,165
-
9 · Prepaid expenses and deferred charges
beginning of year $56,289 · end of year $39,767
-
10a · Land, buildings and equipment: cost or other basis
$504,570
-
10b · Land, buildings and equipment: accumulated depreciation
$437,201
-
10c · Land, buildings and equipment, net
beginning of year $106,398 · end of year $67,369
-
11 · Investments: publicly traded securities
beginning of year $2,152,409 · end of year $2,179,241
-
12 · Investments: other securities
beginning of year $198,154 · end of year $220,037
-
15 · Other assets
beginning of year $1,095,714 · end of year $251,725
-
17 · Accounts payable and accrued expenses
beginning of year $64,510 · end of year $45,237
-
19 · Deferred revenue
beginning of year $303,665 · end of year $327,201
-
25 · Other liabilities
beginning of year $303,860 · end of year $246,912
-
27 · Net assets without donor restrictions
beginning of year $3,393,041 · end of year $3,418,770
Mission and programs · 2024
Mission
TO IMPROVE THE LIVES AND PROFESSIONAL ENVIRONMENT OF CURRENT AND FUTURE FAMILY PHYSICIANS SO THEY CAN PROVIDE EXCEPTIONAL CARE TO THEIR PATIENTS AND COMMUNITIES.
-
CME MEETINGS - HELD THREE VIRTUAL, ONE HYBRID, AND TWO IN-PERSON CME EVENTS AVAILABLE TO ALL 4,500 NCAFP MEMBERS, AS WELL AS NON-MEMBERS IN NORTH CAROLINA AND ACROSS THE COUNTRY. THE SIX EVENTS ATTRACTED OVER 1200 ATTENDEES AND PROVIDED 108 HOURS OF CONTINUING MEDICAL EDUCATION. ADDITIONALLY, THE NCAFP PROVIDED AN IN-PERSON EVENT IN FEBRUARY WHICH TARGETED MEDICAL STUDENTS AND HAD 102 PARTICIPANTS.
Expenses $644,837 · Revenue $835,107
-
MEMBER SERVICES - ADVOCATED ON BEHALF OF 4,500 MEMBERS FOR INCREASED INVESTMENT IN FAMILY MEDICINE WHICH INCLUDED CLOSING THE UNINSURED/UNDERINSURED COVERAGE GAP IN RURAL AREAS AND THE ESTABLISHMENT OF A FAMILY MEDICINE LOAN FORGIVENESS PILOT; ADVOCATED FOR LESS ADMINISTRATIVE BURDEN IN THE HEALTHCARE SYSTEM AND INCREASED PAYMENT RATES FOR PRIMARY CARE SERVICES; ADVOCATED ON BEHALF OF PRIMARY CARE THROUGHOUT THE ONGOING MEDICAID TRANSITION TO MANAGED CARE AND FOR THE FULL SCOPE OF FAMILY MEDICINE IN ADDRESSING BEHAVIORAL HEALTH; ADVOCATED ON BEHALF OF EMPLOYED FAMILY PHYSICIANS WITHIN LARGE HEALTH SYSTEMS AND AMONG PAYERS; AND SERVED ON NUMEROUS TASKFORCES AND POLICY GROUPS, ADVOCATING ON BEHALF OF FAMILY PHYSICIANS AND PATIENTS IN NORTH CAROLINA.
Expenses $279,015 · Revenue $825,080
-
COMMUNICATIONS AND PUBLICATIONS - PROVIDED COMMUNICATION SERVICES TO OVER 4,500 MEMBERS THROUGH A QUARTERLY PRINTED MAGAZINE, REGULARLY SCHEDULED PODCASTS, AND OVER 50 E-NEWSLETTERS. THROUGHOUT THE YEAR, THE NCAFP SENT OUT REGULAR E-COMMUNICATIONS AND E-BULLETINS TO KEEP NCAFP MEMBERS INFORMED ABOUT THE LATEST DEVELOPMENTS TAKING PLACE IN HEALTHCARE.
Expenses $99,279
As filed on the 2024 return.
Listed in Part VII
-
Shauna L Guthrie MD MPHSHAUNA L GUTHRIE MD MPH
PAST PRESIDENT
- Total calculated
- $2,500
- From this org
- $2,500
- From related orgs
- $0
- Other
- $0
- Hours/week
- 3
-
Garett R Franklin MDGARETT R FRANKLIN MD
PRESIDENT
- Total calculated
- $5,000
- From this org
- $5,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 5 + 1 related
-
Mark McNeill MDMARK MCNEILL MD
PRESIDENT-ELECT
- Total calculated
- $2,500
- From this org
- $2,500
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1 + 1 related
-
Benjamin Frankie Simmons MDBENJAMIN FRANKIE SIMMONS MD
SECRETARY/TREASURER
- Total calculated
- $0
- Hours/week
- 3 + 1 related
-
Deanna Didiano DoDEANNA DIDIANO DO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Joshua Carpenter MDJOSHUA CARPENTER MD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Lisa A Cassidy-Vu MDLISA A CASSIDY-VU MD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Nichole L Johnson MDNICHOLE L JOHNSON MD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Kelley Lawrence MD Ibclc FabmKELLEY LAWRENCE MD IBCLC FABM
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Amanda R Steventon MDAMANDA R STEVENTON MD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Patrick Williams MDPATRICK WILLIAMS MD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Courtland D Winborne MDCOURTLAND D WINBORNE MD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
D Landon Allen MD MPH MBAD LANDON ALLEN MD MPH MBA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.25
-
Stacey Blyth MDSTACEY BLYTH MD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.25
-
Morgan Parker DoMORGAN PARKER DO
RESIDENT DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Stephanie Wilcher MD MPHSTEPHANIE WILCHER MD MPH
RESIDENT DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.25
-
S Evan MorganS EVAN MORGAN
STUDENT DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Nicholas WellsNICHOLAS WELLS
STUDENT DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.25
-
R Aaron Lambert MDR AARON LAMBERT MD
ACADEMIC POSITION
- Total calculated
- $0
- Hours/week
- 1
-
Gregory K Griggs Mpa CaeGREGORY K GRIGGS MPA CAE
EXECUTIVE VICE PRESIDENT A
- Total calculated
- $303,190
- From this org
- $244,800
- From related orgs
- $0
- Other
- $58,390
- Hours/week
- 45 + 5 related
Schedule J breakdown matched by us
- Base
- $218,000
- Bonus
- $21,800
- Other
- $5,000
- Deferred
- $21,800
- Nontaxable benefits
- $36,590
- Filer's total
- $303,190
-
Shawn ParkerSHAWN PARKER
GENERAL COUNSEL AND CHIEF
- Total calculated
- $217,470
- From this org
- $190,300
- From related orgs
- $0
- Other
- $27,170
- Hours/week
- 35 + 5 related
Schedule J breakdown matched by us
- Base
- $173,000
- Bonus
- $17,300
- Other
- $0
- Deferred
- $17,300
- Nontaxable benefits
- $9,870
- Filer's total
- $217,470
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 · Form 990 of other organizations
- 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
The filer's explanations (Part III)
- Part I, Line 3
- THE ORGANIZATION USES A COMPENSATION COMMITTEE, FORM 990 OF OTHER ORGANIZATIONS, OBTAINS A WRITTEN EMPLOYMENT CONTRACT, USES A COMPENSATION STUDY, AND OBTAINS APPROVAL BY THE BOARD TO DETERMINE THE EXECUTIVE VICE PRESIDENT/CEO'S COMPENSATION.
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.
-
NORTH CAROLINA ACADEMY OF FAMILY PHYSICIANS FOUNDATION
501(c)(3) · TO ENHANCE HEALTH CARE DELIVERED TO THE PEOPLE OF NC · NC · controlled entity
Directly controlled by NC ACADEMY OF FAMILY PHYSICIANS INC
-
NORTH CAROLINA ACADEMY OF FAMILY PHYSICIANS FAMPAC
527 · POLITICAL ACTION COMMITTEE TO SUPPORT CANDIDATES WITH SIMILAR POSITIONS · NC
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 7 June 2025
- IRS schema version
- 2024v5.1
- Source object
- 202501589349300305
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