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← AMERICAN ACADEMY OF FAMILY PHYSICIANS FOUNDATION

Form 990 for tax year 2022

Filed by AMERICAN ACADEMY OF FAMILY PHYSICIANS FOUNDATION.

Totals

Total revenue
$5,636,494
Total expenses
$4,935,787
Contributions and grants received
$3,629,470
Grants paid
$2,328,328
Program service revenue
$0
Investment income
$2,007,728
Other revenue
-$704
Total assets, end of year
$23,445,539
Total liabilities, end of year
$977,147
Net assets or fund balances, end of year
$22,468,392
Program services expenses (Part IX)
$3,373,754
Management and general expenses
$536,505
Fundraising expenses
$1,025,528
Program service expenses (Part III)
$3,373,754

Program services were 68.4% 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

    $63,145

  • 1d · Related organizations

    $114,638

  • 1f · All other contributions, gifts and grants

    $3,451,687

  • 3 · Investment income

    total $2,008,752 · excluded $2,008,752

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 6d · Net rental income or loss

    total $0

  • 7a · Gross sales of assets other than inventory

    securities $249,887

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

    securities $250,911

  • 7c · Gain or loss

    securities -$1,024

  • 7d · Net gain or loss

    total -$1,024 · excluded -$1,024

  • 8a · Fundraising events: gross income

    $63,278

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

    $63,145

  • 8b · Fundraising events: direct expenses

    $64,819

  • 8c · Net income from fundraising events

    total -$1,541 · excluded -$1,541

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $0

  • 11a · Other revenue: MISCELLANEOUS REVENUE

    total $837 · excluded $837

  • 11d · All other revenue

    total $837 · excluded $837

  • 11e · Other revenue, total

    $837

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,140,378 · program services $2,140,378

  • 2 · Grants to domestic individuals

    total $187,950 · program services $187,950

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $21,000 · program services $3,550 · management and general $12,900 · fundraising $4,550

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $0

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $0

  • 10 · Payroll taxes

    total $0

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $5,429 · program services $2,745 · fundraising $2,684

  • 11c · Fees: accounting

    total $30,408 · management and general $30,408

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $38,296 · program services $13,861 · management and general $24,435

  • 11g · Fees: other

    total $1,850,671 · program services $905,048 · management and general $366,718 · fundraising $578,905

  • 12 · Advertising and promotion

    total $27,469 · program services $4,237 · fundraising $23,232

  • 13 · Office expenses

    total $2,283 · program services $481 · management and general $997 · fundraising $805

  • 14 · Information technology

    total $65,182 · program services $4,266 · management and general $1,719 · fundraising $59,197

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $0

  • 17 · Travel

    total $105,952 · program services $41,572 · management and general $38,749 · fundraising $25,631

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $189,255 · program services $18,569 · management and general $38,731 · fundraising $131,955

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $38,612 · program services $38,612

  • 23 · Insurance

    total $11,195 · program services $3,767 · management and general $7,428

  • 24a · Other expenses: MAILING SERVICES AND POSTAGE

    total $59,073 · program services $834 · management and general $615 · fundraising $57,624

  • 24b · Other expenses: DESIGN AND PRINTING

    total $109,716 · program services $3,200 · management and general $2,867 · fundraising $103,649

  • 24c · Other expenses: OTHER PROGRAM EXPENSES

    total $33,391 · program services $4,534 · management and general $8,331 · fundraising $20,526

  • 24d · Other expenses: BANK CHARGES

    total $19,527 · program services $150 · management and general $2,607 · fundraising $16,770

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,839,670 · end of year $2,251,649

  • 2 · Savings and temporary cash investments

    beginning of year $0 · end of year $0

  • 3 · Pledges and grants receivable

    beginning of year $148,188 · end of year $155,529

  • 4 · Accounts receivable

    beginning of year $119,624 · end of year $218,630

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $73,067 · end of year $136,003

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

    $457,378

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

    $349,068

  • 10c · Land, buildings and equipment, net

    beginning of year $141,181 · end of year $108,310

  • 11 · Investments: publicly traded securities

    beginning of year $20,456,999 · end of year $18,176,375

  • 12 · Investments: other securities

    beginning of year $2,428,701 · end of year $2,399,043

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $328,401 · end of year $732,456

  • 18 · Grants payable

    beginning of year $87,891 · end of year $55,155

  • 19 · Deferred revenue

    beginning of year $0 · end of year $29,600

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $188,057 · end of year $159,936

  • 27 · Net assets without donor restrictions

    beginning of year $18,234,040 · end of year $16,679,675

  • 28 · Net assets with donor restrictions

    beginning of year $6,369,041 · end of year $5,788,717

Mission and programs · 2022

Mission

THE AMERICAN ACADEMY OF FAMILY PHYSICIANS FOUNDATION ADVANCES THE VALUES OF FAMILY MEDICINE BY PROMOTING HUMANITARIAN, EDUCATIONAL AND SCIENTIFIC INITIATIVES THAT IMPROVE THE HEALTH OF ALL PEOPLE.

Activities or mission (Part I)

THE AAFP FOUNDATION ADVANCES THE VALUES OF FAMILY MEDICINE BY PROMOTING HUMANITARIAN, EDUCATIONAL AND SCIENTIFIC INITIATIVES THAT IMPROVE THE HEALTH OF ALL PEOPLE.

  • SEE SCHEDULE O

    Expenses $2,212,333 · Grants $1,881,252

  • SEE SCHEDULE O

    Expenses $278,659 · Grants $175,600

  • SEE SCHEDULE O

    Expenses $417,297 · Grants $188,476

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

Listed in Part VII

  • R Shawn Martin

    Board Member\Ex-Officio

    Total calculated
    $908,186
    From this org
    $0
    From related orgs
    $806,212
    Other
    $101,974
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $681,187 related
    Bonus
    $0 + $85,500 related
    Other
    $0 + $39,525 related
    Deferred
    $0 + $92,694 related
    Nontaxable benefits
    $0 + $9,280 related
    Filer's total
    $0 + $908,186 related

  • Heather E Palmer MBA MA

    Executive Director

    Total calculated
    $357,369
    From this org
    $0
    From related orgs
    $278,002
    Other
    $79,367
    Hours/week
    32 + 8 related

    Schedule J breakdown matched by us

    Base
    $0 + $260,499 related
    Bonus
    $0 + $16,261 related
    Other
    $0 + $1,242 related
    Deferred
    $0 + $49,458 related
    Nontaxable benefits
    $0 + $29,909 related
    Filer's total
    $0 + $357,369 related

  • Brenda Gaston

    Assistant Controller

    Total calculated
    $198,901
    From this org
    $0
    From related orgs
    $123,817
    Other
    $75,084
    Hours/week
    10 + 30 related

    Schedule J breakdown matched by us

    Base
    $0 + $119,746 related
    Bonus
    $0 + $3,805 related
    Other
    $0 + $266 related
    Deferred
    $0 + $36,265 related
    Nontaxable benefits
    $0 + $38,819 related
    Filer's total
    $0 + $198,901 related

  • Andrew JP Carroll MD FAAFP

    Board Member-Resigned Oct 2022

    Total calculated
    $20,350
    From this org
    $0
    From related orgs
    $20,350
    Other
    $0
    Hours/week
    1 + 16 related

  • Gail Guerrero-Tucker MD FAAFP

    Board Member\Academy 2023

    Total calculated
    $16,190
    From this org
    $0
    From related orgs
    $16,190
    Other
    $0
    Hours/week
    1 + 15 related

  • Mary F Campagnolo MD MBA FAAFP

    Board Member\Academy 2023

    Total calculated
    $9,000
    From this org
    $0
    From related orgs
    $9,000
    Other
    $0
    Hours/week
    1 + 15 related

  • David R Smith MD MPH FAAFP

    Board Member\President

    Total calculated
    $6,075
    From this org
    $5,175
    From related orgs
    $900
    Other
    $0
    Hours/week
    8 + 1 related

  • Tomas P Owens MD

    Board Member\President Elect

    Total calculated
    $5,850
    From this org
    $4,950
    From related orgs
    $900
    Other
    $0
    Hours/week
    8 + 1 related

  • Jay-Sheree Allen MD

    Board Member\Treasurer

    Total calculated
    $2,925
    From this org
    $2,025
    From related orgs
    $900
    Other
    $0
    Hours/week
    2 + 1 related

  • Dominique Munroe MS-4

    Board Member-Resigned Aug 2022

    Total calculated
    $1,650
    From this org
    $1,650
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Renee Markovich MD

    Board Member\Physician 2023

    Total calculated
    $1,500
    From this org
    $1,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Andrea Gavin MD

    Board Member\Physician 2024

    Total calculated
    $1,200
    From this org
    $1,200
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Marci Nielsen PhD MPH

    Board Member\Public 2023

    Total calculated
    $1,050
    From this org
    $1,050
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Justin Bartos MD

    Board Member\Physician 2022

    Total calculated
    $1,050
    From this org
    $1,050
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Jake Sangster MHA

    Board Member\Public 2024

    Total calculated
    $750
    From this org
    $750
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Kristina Laguerre MD MBS MPH

    Board Member\Physician 2024

    Total calculated
    $600
    From this org
    $600
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Keith Callahan MD PC

    Board Member\Physician 2023

    Total calculated
    $450
    From this org
    $450
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Madeline Standbridge MS-3

    Board Member\Student 2023

    Total calculated
    $450
    From this org
    $450
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Christina Pedro MD MBA

    Board Member-Resigned Aug 2022

    Total calculated
    $150
    From this org
    $150
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Nada Mlinarevich MPH BSN

    Board Member\Corporate 2023

    Total calculated
    $0
    Hours/week
    1

  • Angela Bricco BS MBA

    Board Member/Corporate 2024

    Total calculated
    $0
    Hours/week
    1

  • Joseph Laterza MD

    Board Member\Resident 2023

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Knitasha Washington DHA FACHE

    Board Member-Resigned Mar 2022

    Total calculated
    $0
    Hours/week
    1

  • Martin Devine MD FAAFP

    Board Member-Resigned June 202

    Total calculated
    $0
    Hours/week
    2 + 1 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

  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 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)

SCHEDULE J, PART I, LINE 3
THE ACADEMY HAS A POLICY ON THE PROCESS FOR DETERMINING EXECUTIVE COMPENSATION. THE POLICY COVERS THE EXECUTIVE VICE PRESIDENT, OFFICERS OF THE ORGANIZATION, AND KEY EMPLOYEES OF THE ORGANIZATION. IT CONTAINS A SEPARATE REVIEW AND APPROVAL PROCESS, USE OF DATA AS TO COMPARABLE COMPENSATION, AND CONTEMPORANEOUS DOCUMENTATION AND RECORDKEEPING FOR EACH PERSON COVERED BY THE POLICY. PERIODICALLY, THE HR STAFF REVIEW CURRENT MARKET COMPENSATION DATA ABOUT SIMILAR POSITIONS IN THE RELEVANT GEOGRAPHIC AREA. BASED ON THE MOST RECENT ANALYSIS, THE HR STAFF BELIEVE THAT THE COMPENSATION LEVEL IS APPROPRIATE FOR THE POSITIONS.
SCHEDULE J, PART I, LINE 4B
REPORTABLE DEFERRED R SHAWN MARTIN $ 35,900 $ 36,529 THE AMERICAN ACADEMY OF FAMILY PHYSICIANS' SUPPLEMENTAL RETIREMENT PLAN IS A NON-QUALIFIED PLAN FOR THOSE WHO EXCEED THE IRS MAXIMUM RETIREMENT COMPENSATION. THE INTENT IS TO MATCH THE RETIREMENT CONTRIBUTIONS HAD THE MAXIMUMS NOT BEEN IN PLACE.

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

The 10 largest by cash amount. The API serves every itemized grant.

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.

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 partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • AAFP POOLED INV FD

    N/A · ASSET MANAGEMENT · MO

    Directly controlled by AAFP

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • AAFP INSURANCE SERVICES

    C CORP · INSURANCE ADMIN · KS · 100% owned · share of income $3,689,394 · share of assets $4,627,157 · controlled entity

    Directly controlled by AAFP FDN

  • CHARITABLE REMAINER TRUSTS (2)

    CHARITABLE TRUST · KS · controlled entity

    Directly controlled by NA

Provenance

Return type
form_990
Tax year
2022
Filed
15 November 2023
IRS schema version
2022v5.0
Source object
202313109349302226

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