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Nonprofiteer
← AMERICAN ACADEMY OF FAMILY PHYSICIANS

Form 990 for tax year 2023

Filed by AMERICAN ACADEMY OF FAMILY PHYSICIANS.

Totals

Total revenue
$5,259,732
Total expenses
$3,502,068
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$4,520,684
Investment income
$739,048
Other revenue
$0
Total assets, end of year
$30,843,274
Total liabilities, end of year
$11,770,244
Net assets or fund balances, end of year
$19,073,030
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
$0

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.

  • 2a · Program service revenue: RENTAL INCOME

    total $4,520,684 · related or exempt $4,520,684

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $292,564 · unrelated business $292,564

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    securities $467,183

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

    securities $20,700

  • 7c · Gain or loss

    securities $446,483 · other assets $0

  • 7d · Net gain or loss

    total $446,484 · unrelated business $446,484

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $0

  • 11a · Fees: management

    total $219,318

  • 11c · Fees: accounting

    total $3,675

  • 11f · Fees: investment management

    total $20,700

  • 11g · Fees: other

    total $39,165

  • 13 · Office expenses

    total $3,547

  • 16 · Occupancy

    total $1,749,679

  • 20 · Interest

    total $412,489

  • 22 · Depreciation, depletion and amortization

    total $1,001,290

  • 23 · Insurance

    total $44,800

  • 24a · Other expenses: MINOR FURNITURE & EQUIPMENT

    total $7,405

  • 24e · All other expenses

    total $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $332,595 · end of year $592,463

  • 4 · Accounts receivable

    beginning of year $661,492 · end of year $622,479

  • 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

  • 9 · Prepaid expenses and deferred charges

    beginning of year $510,726 · end of year $308,102

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

    $34,228,136

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

    $17,195,477

  • 10c · Land, buildings and equipment, net

    beginning of year $17,844,689 · end of year $17,032,659

  • 12 · Investments: other securities

    beginning of year $10,594,874 · end of year $12,287,571

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $355,652 · end of year $347,558

  • 19 · Deferred revenue

    beginning of year $374,464 · end of year $388,020

  • 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 $12,225,068 · end of year $10,630,494

  • 25 · Other liabilities

    beginning of year $648,174 · end of year $404,172

  • 27 · Net assets without donor restrictions

    beginning of year $16,341,018 · end of year $19,073,030

Mission and programs · 2023

Mission

NONE

Activities or mission (Part I)

TITLE HOLDING COMPANY

  • TITLE HOLDING COMPANY

As filed on the 2023 return.

Listed in Part VII

  • Paula Matthews

    VICE PRESIDENT

    Total calculated
    $382,116
    From this org
    $0
    From related orgs
    $288,850
    Other
    $93,266
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $286,564 related
    Bonus
    $0
    Other
    $0 + $2,286 related
    Deferred
    $0 + $55,648 related
    Nontaxable benefits
    $0 + $37,618 related
    Filer's total
    $0 + $382,116 related

  • R Shawn Martin

    PRESIDENT

    Total calculated
    $837,936
    From this org
    $0
    From related orgs
    $729,235
    Other
    $108,701
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $690,464 related
    Bonus
    $0
    Other
    $0 + $38,771 related
    Deferred
    $0 + $83,348 related
    Nontaxable benefits
    $0 + $25,353 related
    Filer's total
    $0 + $837,936 related

  • Shannon Scott

    RESIGNED - JULY 2023

    Total calculated
    $819,385
    From this org
    $0
    From related orgs
    $761,242
    Other
    $58,143
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $257,945 related
    Bonus
    $0
    Other
    $0 + $503,297 related
    Deferred
    $0 + $36,589 related
    Nontaxable benefits
    $0 + $21,554 related
    Filer's total
    $0 + $819,385 related

  • Charlotte Kerner

    TREASURER

    Total calculated
    $443,818
    From this org
    $0
    From related orgs
    $343,313
    Other
    $100,505
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $335,031 related
    Bonus
    $0
    Other
    $0 + $8,282 related
    Deferred
    $0 + $63,680 related
    Nontaxable benefits
    $0 + $36,825 related
    Filer's total
    $0 + $443,818 related

  • Heather Leith

    SECRETARY

    Total calculated
    $424,360
    From this org
    $0
    From related orgs
    $339,007
    Other
    $85,353
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $330,345 related
    Bonus
    $0 + $500 related
    Other
    $0 + $8,162 related
    Deferred
    $0 + $63,101 related
    Nontaxable benefits
    $0 + $22,252 related
    Filer's total
    $0 + $424,360 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

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4c · Equity-based compensation arrangement

The filer's explanations (Part III)

Schedule J, Part I, Line 4a Severance or change-of-control payment
SHANNON SCOTT - SEVERANCE PAYMENT UPON SEPARATION - $437,500
Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan
R SHAWN MARTIN REPORTABLE - $36,549 DEFERRED - $21,248 SHANNON SCOTT REPORTABLE - $24,688 DEFERRED - $0 CHARLOTTE KERNER REPORTABLE - $5,960 DEFERRED - $1,580 HEATHER LEITH REPORTABLE - $5,840 DEFERRED - $1,001 THE SUPPLEMENTAL RETIREMENT PLAN IS A NONQUALIFIED 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. SECTION 457F COMPENSATION IS TAXED IN THE YEAR OF THE VESTING, BUT THE RECIPIENT CANNOT ACCESS THE FUNDS UNTIL RETIREMENT.

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.

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 INVESTMENT FUND 43

    Excluded · ASSET MGMT · MO · 14.36% owned · share of income $739,048 · share of assets $10,992,945

    Directly controlled by AAFP

Related corporations and trusts

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

  • AAFP INSURANCE SERVICES

    C Corporation · INSURANCE ADM · KS · controlled entity

    Directly controlled by NA

Provenance

Return type
form_990
Tax year
2023
Filed
10 April 2025
IRS schema version
2023v6.0
Source object
202501009349301510

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