Form 990 for tax year 2024
Filed by AMERICAN ACADEMY OF OSTEOPATHY.
Totals
- Total revenue
- $1,764,863
- Total expenses
- $1,760,079
- Contributions and grants received
- $75,674
- Grants paid
- $0
- Program service revenue
- $1,554,659
- Investment income
- $98,344
- Other revenue
- $36,186
- Total assets, end of year
- $4,693,196
- Total liabilities, end of year
- $1,437,089
- Net assets or fund balances, end of year
- $3,256,107
- Program services expenses (Part IX)
- $1,373,435
- Management and general expenses
- $372,737
- Fundraising expenses
- $13,907
- Program service expenses (Part III)
- $1,373,435
Program services were 78.0% 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.
-
1f · All other contributions, gifts and grants
$75,674
-
2a · Program service revenue: CONVOCATION
total $862,447 · related or exempt $862,447
-
2b · Program service revenue: MEMBERSHIP DUES
total $394,474 · related or exempt $394,474
-
2c · Program service revenue: CME COURSES
total $240,276 · related or exempt $240,276
-
2d · Program service revenue: CONVENTION
total $50,120 · related or exempt $50,120
-
2e · Program service revenue: COMMITTEES
total $7,342 · related or exempt $7,342
-
3 · Investment income
total $98,344 · excluded $98,344
-
7a · Gross sales of assets other than inventory
securities $143,014
-
7b · Less cost or other basis and sales expenses
securities $143,014
-
7c · Gain or loss
securities $0
-
7d · Net gain or loss
total $0
-
10a · Gross sales of inventory
$49,941
-
10b · Cost of goods sold
$54,773
-
10c · Net income from sales of inventory
total -$4,832 · related or exempt -$4,832
-
11a · Other revenue: OTHER INCOME
total $30,669 · related or exempt $30,669
-
11b · Other revenue: AAO JOURNAL
total $10,349 · unrelated business $10,349
-
11e · Other revenue, total
$41,018
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $144,659 · program services $91,425 · management and general $52,077 · fundraising $1,157
-
7 · Other salaries and wages
total $269,940 · program services $170,603 · management and general $97,178 · fundraising $2,159
-
8 · Pension plan contributions
total $7,021 · program services $4,437 · management and general $2,528 · fundraising $56
-
9 · Other employee benefits
total $65,439 · program services $41,358 · management and general $23,558 · fundraising $523
-
10 · Payroll taxes
total $29,267 · program services $18,497 · management and general $10,536 · fundraising $234
-
11f · Fees: investment management
total $11,336 · management and general $11,336
-
11g · Fees: other
total $127,442 · program services $97,724 · management and general $29,323 · fundraising $395
-
13 · Office expenses
total $96,416 · program services $87,833 · management and general $8,324 · fundraising $259
-
14 · Information technology
total $240,840 · program services $226,584 · management and general $13,985 · fundraising $271
-
16 · Occupancy
total $121,036 · program services $55,677 · management and general $62,939 · fundraising $2,420
-
17 · Travel
total $52,860 · program services $45,032 · management and general $6,570 · fundraising $1,258
-
19 · Conferences, conventions and meetings
total $338,725 · program services $322,673 · management and general $12,620 · fundraising $3,432
-
22 · Depreciation, depletion and amortization
total $13,503 · program services $3,376 · management and general $9,993 · fundraising $134
-
23 · Insurance
total $7,931 · program services $1,983 · management and general $5,869 · fundraising $79
-
24a · Other expenses: EXHIBITS
total $78,274 · program services $78,274
-
24b · Other expenses: CREDIT CARD SERVICE CHA
total $72,460 · program services $47,824 · management and general $23,912 · fundraising $724
-
24c · Other expenses: AWARDS
total $40,749 · program services $39,724 · management and general $683 · fundraising $342
-
24d · Other expenses: STAFF SUPPORT
total $20,372 · program services $18,659 · management and general $1,268 · fundraising $445
-
24e · All other expenses
total $21,809 · program services $21,752 · management and general $38 · fundraising $19
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $121,876 · end of year $73,783
-
2 · Savings and temporary cash investments
beginning of year $81,191 · end of year $194,246
-
4 · Accounts receivable
beginning of year $139
-
8 · Inventories for sale or use
beginning of year $11,819 · end of year $16,165
-
9 · Prepaid expenses and deferred charges
beginning of year $125,406 · end of year $117,094
-
10a · Land, buildings and equipment: cost or other basis
$284,724
-
10b · Land, buildings and equipment: accumulated depreciation
$198,070
-
10c · Land, buildings and equipment, net
beginning of year $22,741 · end of year $86,654
-
11 · Investments: publicly traded securities
beginning of year $3,033,539 · end of year $3,180,167
-
15 · Other assets
beginning of year $1,186,608 · end of year $1,025,087
-
17 · Accounts payable and accrued expenses
beginning of year $42,541 · end of year $51,669
-
19 · Deferred revenue
beginning of year $240,618 · end of year $302,511
-
25 · Other liabilities
beginning of year $1,192,803 · end of year $1,082,909
-
27 · Net assets without donor restrictions
beginning of year $494,923 · end of year $525,470
-
28 · Net assets with donor restrictions
beginning of year $2,612,434 · end of year $2,730,637
Mission and programs · 2024
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 $1,373,435 · Revenue $1,580,496
-
FOR A RESEARCH STUDY TITLED PATIENT-REPORTED ADVERSE EVENTS FROM OSTEOPATHIC MANIPULATIVE TREATMENT
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
STEFAN HAGOPIAN DO FAAO
PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
SHELDON C YOA DO
PRESIDENT-ELECT
- Total calculated
- $0
- Hours/week
- 1
-
DENNIS J DOWLING DO MS FAAODIST
SECRETARY-TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
WILLIAM STAGER DO MS MPH FAAFP F
IMMEDIATE PAST PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
JORDON LITTLE DO MS
RESIDENT TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
ASHLEY HEBENSTREIT NICHOLS OMS III
STUDENT TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
LISA R CHUN DO MS FNAOME
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
LISA DESTEFANO DO
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
DEBORAH SCHMIDT DO
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
AMY JOY SELWACH DO MBA
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
KAREN T SNIDER DO MS FAAO FNAOME
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
SHERRI L QUARLES
CEO
- Total calculated
- $139,144
- From this org
- $109,149
- From related orgs
- $0
- Other
- $29,995
- 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
- 2024
- Filed
- 12 June 2026
- IRS schema version
- 2024v5.5
- Source object
- 202621639349301557
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