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← AMERICAN PODIATRIC MEDICAL ASSOC EDUCATIONAL FOUNDATION INC

Form 990 for tax year 2024

Filed by AMERICAN PODIATRIC MEDICAL ASSOC EDUCATIONAL FOUNDATION INC.

Totals

Total revenue
$970,101
Total expenses
$603,966
Contributions and grants received
$134,475
Grants paid
$447,800
Program service revenue
$0
Investment income
$835,626
Other revenue
$0
Total assets, end of year
$9,756,789
Total liabilities, end of year
$125,941
Net assets or fund balances, end of year
$9,630,848
Program services expenses (Part IX)
$551,421
Management and general expenses
$52,545
Fundraising expenses
$0
Program service expenses (Part III)
$551,421

Program services were 91.3% 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.

  • 1c · Fundraising events

    $19,448

  • 1f · All other contributions, gifts and grants

    $115,027

  • 3 · Investment income

    total $282,194 · excluded $282,194

  • 7a · Gross sales of assets other than inventory

    securities $1,240,945

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

    securities $687,513

  • 7c · Gain or loss

    securities $553,432

  • 7d · Net gain or loss

    total $553,432 · excluded $553,432

  • 8a · Fundraising events: gross income

    $0

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

    $19,448

  • 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 $447,800 · program services $447,800

  • 11a · Fees: management

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

  • 11c · Fees: accounting

    total $14,000 · management and general $14,000

  • 11f · Fees: investment management

    total $37,303 · management and general $37,303

  • 13 · Office expenses

    total $668 · program services $500 · management and general $168

  • 19 · Conferences, conventions and meetings

    total $3,182 · program services $3,182

  • 24a · Other expenses: GRANTS

    total $9,660 · program services $9,660

  • 24b · Other expenses: PRINTING AND POSTAGE

    total $1,074 · management and general $1,074

  • 24c · Other expenses: TAXES

    total $200 · program services $200

  • 24d · Other expenses: DUES AND SUBSCRIPTIONS

    total $79 · program services $79

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $154,076 · end of year $155,518

  • 3 · Pledges and grants receivable

    beginning of year $10,033 · end of year $30,033

  • 11 · Investments: publicly traded securities

    beginning of year $9,265,248 · end of year $9,559,747

  • 15 · Other assets

    beginning of year $11,190 · end of year $11,491

  • 17 · Accounts payable and accrued expenses

    beginning of year $21,330 · end of year $123,201

  • 19 · Deferred revenue

    beginning of year $680 · end of year $2,740

  • 27 · Net assets without donor restrictions

    beginning of year $426,339 · end of year $429,294

  • 28 · Net assets with donor restrictions

    beginning of year $8,992,198 · end of year $9,201,554

Mission and programs · 2024

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.

  • 236 EDUCATION SCHOLARSHIP RECIPIENTS WITH AWARDS RANGING FROM $1,500 TO $45,000 FOR A TOTAL OF $437,500. 1 APMA STUDENT WRITING COMPETITION AWARDS FOR $1,000. 13 TRAVEL SCHOLARSHIP FOR STUDENTS FOR TRAVEL TO CONFERENCE. EACH AWARDEE RECEIVED $500. 5 SCHOLARSHIPS TO PUBLIC HEALTH CONFERENCE FOR $310.

    Expenses $551,421 · Grants $447,800

As filed on the 2024 return.

Listed in Part VII

  • Lawrence Santi Dpm

    EX-OFFICIO BOARD OF DIRECTOR

    Total calculated
    $110,605
    From this org
    $0
    From related orgs
    $110,605
    Other
    $0
    Hours/week
    1 + 20 related

  • Brooke A Bisbee Dpm

    PRESIDENT

    Total calculated
    $10,125
    From this org
    $0
    From related orgs
    $10,125
    Other
    $0
    Hours/week
    1 + 5 related

  • Leslie Campbell Dpm

    AT-LARGE DIRECTOR

    Total calculated
    $2,700
    From this org
    $0
    From related orgs
    $2,700
    Other
    $0
    Hours/week
    1 + 5 related

  • Meghan McClelland

    SECRETARY

    Total calculated
    $123,287
    From this org
    $0
    From related orgs
    $123,287
    Other
    $0
    Hours/week
    5 + 35 related

  • Patrick A Deheer Dpm

    TREASURER

    Total calculated
    $6,625
    From this org
    $0
    From related orgs
    $6,625
    Other
    $0
    Hours/week
    1 + 5 related

  • Denis M Russell

    DEPUTY EXECUTIVE DIRECTOR

    Total calculated
    $393,324
    From this org
    $0
    From related orgs
    $325,871
    Other
    $67,453
    Hours/week
    5 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $318,071 related
    Bonus
    $0 + $7,800 related
    Other
    $0
    Deferred
    $0 + $29,955 related
    Nontaxable benefits
    $0 + $37,498 related
    Filer's total
    $0 + $393,324 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 1A
THE FOUNDATION DID NOT PAY ANY COMPENSATION. ALL COMPENSATION WAS PAID AND REPORTED BY THE AMERICAN PODIATRIC MEDICAL ASSOCIATION (APMA), A RELATED 501(C)6 EXEMPT ORGANIZATION FOR SERVICES RENDERED TO THE FOUNDATION. APMA USES A COMBINATION OF COMPENSATION COMMITTEE AND INDEPENDENT CONSULTANTS TO DETERMINE COMPENSATION PAID TO TOP MANAGEMENT OFFICIALS IS BOTH REASONABLE AND NECESSARY.

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
2024
Filed
13 April 2026
IRS schema version
2024v5.5
Source object
202601059349300925

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