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← ARIZONA MEDICAL ASSOCIATION FOUNDATION

Form 990 for tax year 2024

Filed by ARIZONA MEDICAL ASSOCIATION FOUNDATION.

Totals

Total revenue
$227,621
Total expenses
$238,263
Contributions and grants received
$271,112
Grants paid
$165,000
Program service revenue
$0
Investment income
$230
Other revenue
-$43,721
Total assets, end of year
$165,604
Total liabilities, end of year
$29,665
Net assets or fund balances, end of year
$135,939
Program services expenses (Part IX)
$233,601
Management and general expenses
$4,662
Fundraising expenses
$0
Program service expenses (Part III)
$233,601

Program services were 98.0% 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

    $56,429

  • 1f · All other contributions, gifts and grants

    $214,683

  • 1g · Noncash contributions included above

    $9,204

  • 3 · Investment income

    total $230 · excluded $230

  • 8a · Fundraising events: gross income

    $8,010

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

    $56,429

  • 8b · Fundraising events: direct expenses

    $51,731

  • 8c · Net income from fundraising events

    total -$43,721 · excluded -$43,721

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $43,000 · program services $43,000

  • 2 · Grants to domestic individuals

    total $122,000 · program services $122,000

  • 11c · Fees: accounting

    total $4,662 · management and general $4,662

  • 11g · Fees: other

    total $53,249 · program services $53,249

  • 24a · Other expenses: MISCELLANEOUS

    total $15,325 · program services $15,325

  • 24b · Other expenses: PEER SUPPORT

    total $27 · program services $27

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $88,509 · end of year $102,676

  • 3 · Pledges and grants receivable

    beginning of year $20,700 · end of year $42,400

  • 8 · Inventories for sale or use

    end of year $4,485

  • 15 · Other assets

    beginning of year $38,907 · end of year $16,043

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,535 · end of year $29,132

  • 19 · Deferred revenue

    end of year $533

  • 27 · Net assets without donor restrictions

    beginning of year $56,244 · end of year $67,202

  • 28 · Net assets with donor restrictions

    beginning of year $90,337 · end of year $68,737

Mission and programs · 2024

Mission

THE ARIZONA MEDICAL ASSOCIATION FOUNDATION WAS FORMED FOR THE PURPOSE OF RECEIVING, HOLDING, ADMINISTERING, AND EXPENDING PROPERTY AND FUNDS FOR CHARITABLE, SCIENTIFIC, LITERARY AND/OR EDUCATIONAL PURPOSES.

  • 1. SUPPORTED THE CHARITABLE PURPOSES OF THE ARIZONA MEDICAL ASSOCIATION BY PROVIDING LOANS AND FUNDING FOR LEADERSHIP TRAINING TO MEDICAL STUDENTS, INTERNS, AND RESIDENT PHYSICIANS.2. DISTRIBUTE GRANT FUNDING TO SUPPORT PRECEPTORS IN TRAINING EARLY CAREER PHYSICIANS SERVING TO HELP ADDRESS WORKFORCE SHORTAGES AND PROVIDE PRECEPTORSHIP OPPORTUNITIES.3. PROVIDE CME OPPORTUNITIES FOR PHYSICIANS.

    Expenses $233,601 · Grants $165,000

As filed on the 2024 return.

Listed in Part VII

  • Nadeem Kazi

    CHAIR

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • William Thompson MD

    EX OFFICIO

    Total calculated
    $21,758
    From this org
    $0
    From related orgs
    $21,758
    Other
    $0
    Hours/week
    1 + 1 related
  • Frederick Kogan PhD MD

    PHYSICIAN REPRESENTATION

    Total calculated
    $0
    Hours/week
    1
  • Jason Jameson MD

    EX OFFICIO

    Total calculated
    $0
    Hours/week
    1
  • Elizabeth De Bie

    CEO

    Total calculated
    $281,251
    From this org
    $0
    From related orgs
    $271,050
    Other
    $10,201
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $251,153 related
    Bonus
    $0 + $19,897 related
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $10,201 related
    Filer's total
    $0 + $281,251 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

The filer's explanations (Part III)

PART I, LINE 3
ELIZABETH DE BIE LISTED IN FORM 990, PART VII, IS COMPENSATED BY THE RELATED ORGANIZATION, ARIZONA MEDICAL ASSOCIATION, INC., FOR SERVICES PROVIDED TO THE FILING ORGANIZATION AND RELATED ORGANIZATION. ARIZONA MEDICAL ASSOCIATION, INC. EMPLOYES THE MANAGEMENT GROUP FOR ALL RELATED AFFILIATES. THE FILING ORGANIZATION RELIED ON ARIZONA MEDICAL ASSOCIATION, INC., WHICH USED ONE OR MORE OF THE METHODS DESCRIBED IN PART I, LINE 3 TO ESTABLISH EXECUTIVE 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

  • TO HELP SUPPORT STUDENT SECTION LEADERSHIP OPPORTUNITIES, SUPPORT STUDENTS TAKING PART IN POSTER COMPETITION, MALLORY TRUST SERVICES AND TO SUPPORT THE MEDICAL STUDENT SYMPOSIUM

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
2024
Filed
17 July 2025
IRS schema version
2024v5.2
Source object
202512109349300521

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