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← AMERICAN ACADEMY OF OSTEOPATHY

Form 990 for tax year 2022

Filed by AMERICAN ACADEMY OF OSTEOPATHY.

Totals

Total revenue
$1,488,643
Total expenses
$1,515,789
Contributions and grants received
$30,837
Grants paid
$10,000
Program service revenue
$1,349,532
Investment income
$90,028
Other revenue
$18,246
Total assets, end of year
$4,527,358
Total liabilities, end of year
$1,597,964
Net assets or fund balances, end of year
$2,929,394
Program services expenses (Part IX)
$1,141,092
Management and general expenses
$319,995
Fundraising expenses
$54,702
Program service expenses (Part III)
$1,141,092

Program services were 75.3% 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.

  • 1f · All other contributions, gifts and grants

    $30,837

  • 2a · Program service revenue: CONVOCATION

    total $729,649 · related or exempt $729,649

  • 2b · Program service revenue: MEMBERSHIP DUES

    total $388,470 · related or exempt $388,470

  • 2c · Program service revenue: CME COURSES

    total $168,419 · related or exempt $168,419

  • 2d · Program service revenue: CONVENTION

    total $54,151 · related or exempt $54,151

  • 2e · Program service revenue: COMMITTEES

    total $8,843 · related or exempt $8,843

  • 3 · Investment income

    total $95,159 · excluded $95,159

  • 7a · Gross sales of assets other than inventory

    securities $67,581

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

    securities $67,581 · other assets $5,131

  • 7c · Gain or loss

    securities $0 · other assets -$5,131

  • 7d · Net gain or loss

    total -$5,131 · excluded -$5,131

  • 10a · Gross sales of inventory

    $40,774

  • 10b · Cost of goods sold

    $47,180

  • 10c · Net income from sales of inventory

    total -$6,406 · related or exempt -$6,406

  • 11a · Other revenue: OTHER INCOME

    total $13,214 · related or exempt $13,214

  • 11b · Other revenue: AAO JOURNAL

    total $11,438 · unrelated business $11,438

  • 11e · Other revenue, total

    $24,652

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $10,000 · program services $10,000

  • 5 · Compensation of officers, directors and key employees

    total $139,743 · program services $69,053 · management and general $54,453 · fundraising $16,237

  • 7 · Other salaries and wages

    total $162,091 · program services $80,098 · management and general $63,161 · fundraising $18,832

  • 8 · Pension plan contributions

    total $4,002 · program services $1,977 · management and general $1,560 · fundraising $465

  • 9 · Other employee benefits

    total $42,517 · program services $21,009 · management and general $16,568 · fundraising $4,940

  • 10 · Payroll taxes

    total $19,734 · program services $9,751 · management and general $7,690 · fundraising $2,293

  • 11f · Fees: investment management

    total $9,581 · management and general $9,581

  • 11g · Fees: other

    total $123,322 · program services $96,198 · management and general $26,619 · fundraising $505

  • 13 · Office expenses

    total $38,313 · program services $31,163 · management and general $6,916 · fundraising $234

  • 14 · Information technology

    total $218,768 · program services $202,028 · management and general $16,486 · fundraising $254

  • 16 · Occupancy

    total $126,118 · program services $58,015 · management and general $65,582 · fundraising $2,521

  • 17 · Travel

    total $54,896 · program services $46,234 · management and general $6,490 · fundraising $2,172

  • 19 · Conferences, conventions and meetings

    total $366,704 · program services $354,428 · management and general $9,663 · fundraising $2,613

  • 22 · Depreciation, depletion and amortization

    total $31,998 · program services $8,000 · management and general $23,679 · fundraising $319

  • 23 · Insurance

    total $7,615 · program services $1,904 · management and general $5,635 · fundraising $76

  • 24a · Other expenses: CREDIT CARD SERVICE CHA

    total $70,584 · program services $63,525 · management and general $4,236 · fundraising $2,823

  • 24b · Other expenses: EXHIBITS

    total $34,137 · program services $34,137

  • 24c · Other expenses: STAFF SUPPORT

    total $29,523 · program services $28,354 · management and general $979 · fundraising $190

  • 24d · Other expenses: AWARDS

    total $15,256 · program services $14,749 · management and general $338 · fundraising $169

  • 24e · All other expenses

    total $10,887 · program services $10,469 · management and general $359 · fundraising $59

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $82,878 · end of year $95,555

  • 2 · Savings and temporary cash investments

    beginning of year $264,203 · end of year $221,231

  • 4 · Accounts receivable

    beginning of year $3,420 · end of year $61

  • 8 · Inventories for sale or use

    beginning of year $16,747 · end of year $18,140

  • 9 · Prepaid expenses and deferred charges

    beginning of year $127,320 · end of year $120,716

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

    $220,130

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

    $196,090

  • 10c · Land, buildings and equipment, net

    beginning of year $55,907 · end of year $24,040

  • 11 · Investments: publicly traded securities

    beginning of year $2,652,225 · end of year $2,798,166

  • 15 · Other assets

    beginning of year $35,133 · end of year $1,249,449

  • 17 · Accounts payable and accrued expenses

    beginning of year $105,769 · end of year $60,836

  • 19 · Deferred revenue

    beginning of year $272,715 · end of year $289,200

  • 25 · Other liabilities

    beginning of year $26,218 · end of year $1,247,928

  • 27 · Net assets without donor restrictions

    beginning of year $540,998 · end of year $512,861

  • 28 · Net assets with donor restrictions

    beginning of year $2,292,133 · end of year $2,416,533

Mission and programs · 2022

Mission

TO TEACH, ADVOCATE, AND RESEARCH THE SCIENCE, ART AND PHILOSOPHY OF OSTEOPATHIC MEDICINE, EMPHASIZING THE INTEGRATION OF OSTEOPATHIC PRINCIPLES, PRACTICES AND MANIPULATIVE TREATMENT IN PATIENT CARE.

Activities or mission (Part I)

TO TEACH, ADVOCATE, AND RESEARCH THE SCIENCE, ART AND PHILOSOPHY OF OSTEOPATHIC MEDICINE

  • EDUCATION - THE ACADEMY PROVIDES FOR THE CONTINUING PROFESSIONAL DEVELOPMENT AND PRACTICE DEMANDS OF THE OSTEOPATHIC INDUSTRY THROUGH VARIOUS COURSES AND SEMINARS INCLUDING A CONVOCATION AND CONVENTION. ALL INCOME FROM EDUCATION PROGRAMS IS RECOGNIZED WHEN THE PROGRAM IS HELD.

    Expenses $1,141,092 · Grants $10,000 · Revenue $1,356,340

  • FOR A RESEARCH STUDY TITLED PATIENT-REPORTED ADVERSE EVENTS FROM OSTEOPATHIC MANIPULATIVE TREATMENT

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

Listed in Part VII

  • Richard G Schuster Do

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Millicent King Channell Do Faao

    PRESIDENT - ELECT

    Total calculated
    $0
    Hours/week
    1

  • Dennis J Dowling Do Ma Faao

    SEC - TREAS

    Total calculated
    $0
    Hours/week
    1

  • Paul R Rennie Do Faao

    IMMEDIATE PAST PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Stefan Hagopian Do Faao

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Kurt P Heinking Do Faao

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Michael S Carnes Do Faao

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Williams H Stager Do Ms Mphfaafp

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Sheldon C Yao Do Faao

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Karen T Snider Do Faao

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Nicholas Salupo Do

    RESIDENT TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Paula Swiercz Oms

    STUDENT TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Sherri L Quarles

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $136,642
    From this org
    $113,931
    From related orgs
    $0
    Other
    $22,711
    Hours/week
    40

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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
10 June 2024
IRS schema version
2022v5.0
Source object
202411639349300311

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

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