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← AAEM FOUNDATION INC

Form 990 for tax year 2023

Filed by AAEM FOUNDATION INC.

Totals

Total revenue
$267,527
Total expenses
$632,818
Contributions and grants received
$179,208
Grants paid
$0
Program service revenue
$0
Investment income
$88,319
Other revenue
$0
Total assets, end of year
$72,831
Total liabilities, end of year
$52,920
Net assets or fund balances, end of year
$19,911
Program services expenses (Part IX)
$605,865
Management and general expenses
$26,953
Fundraising expenses
$0
Program service expenses (Part III)
$605,865

Program services were 95.7% 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

    $179,208

  • 3 · Investment income

    total $1,370 · excluded $1,370

  • 7a · Gross sales of assets other than inventory

    securities $440,209

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

    securities $353,260

  • 7c · Gain or loss

    securities $86,949

  • 7d · Net gain or loss

    total $86,949 · excluded $86,949

Functional expenses

Part IX, the statement of functional expenses.

  • 11b · Fees: legal

    total $630,240 · program services $605,030 · management and general $25,210

  • 13 · Office expenses

    total $590 · program services $420 · management and general $170

  • 14 · Information technology

    total $829 · program services $415 · management and general $414

  • 23 · Insurance

    total $1,159 · management and general $1,159

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $58,013 · end of year $46,788

  • 4 · Accounts receivable

    beginning of year $12,956 · end of year $24,021

  • 9 · Prepaid expenses and deferred charges

    beginning of year $958 · end of year $1,005

  • 11 · Investments: publicly traded securities

    beginning of year $416,339 · end of year $1,017

  • 17 · Accounts payable and accrued expenses

    beginning of year $39,631 · end of year $52,920

  • 27 · Net assets without donor restrictions

    beginning of year $448,635 · end of year $7,690

  • 28 · Net assets with donor restrictions

    end of year $12,221

Mission and programs · 2023

Mission

THE AAEM FOUNDATION IS A 501(C)(3) NON PROFIT ORGANIZATION ESTABLISHED TO ENFORCE CPOM LAWS AND PROTECT THE RIGHTS OF PHYSICIANS AGAINST CORPORATIONS THAT VIOLATE CPOM LAWS.

  • THE AAEM FOUNTATION SUPPORTED THOSE WHO ARE (1) STUDYING AND PROVIDING EDUCATION RELATING TO THE ACCESS AND AVAILABILITY OF EMERGENCY MEDICAL CARE, AND (2) DEFENDING THE RIGHTS OF PATIENTS TO RECEIVE SUCH CARE, AND EMERGENCY PHYSICIANS TO PROVIDE SUCH CARE. THE LATTER PURPOSE MAY INCLUDE PROVIDING FINANCIAL SUPPORT FOR LITIGATION TO FURTHER THESE OBJECTIVES. THE FOUNDATION WILL LIMIT FINANCIAL SUPPORT TO CASES INVOLVING PHYSICIAN PRACTICE RIGHTS AND CASES INVOLVING A BROAD PUBLIC INTEREST.

    Expenses $605,865

As filed on the 2023 return.

Listed in Part VII

  • Jonathan S Jones MD

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Robert Frolichstein MD

    PRESIDENT-ELECT

    Total calculated
    $0
    Hours/week
    1

  • Le Gomez MD MBA

    SECRETARY-TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Lisa Moreno MD Ms Mscr

    PAST PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • William Durkin Jr MD MBA Maaem

    PAST PRESIDENT'S COUNCIL R

    Total calculated
    $0
    Hours/week
    1

  • Kimbery M Brown MD MPH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Al Giwa Llb MD MBA Mbe

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Robert Lam MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kraftin E Schreyer MD MBA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Leah B Colucci MD

    AAEM/RSA PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Bruce Lo MD MBA Rdms Faaem

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Phillip Dixon MD MPH Chcqm

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Fred Kency MD

    YPS DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Vicki Norton MD Faaem

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

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.

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 corporations and trusts

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

  • AMERICAN ACADEMY OF EMERGENCY MEDICINE PHYSICIAN GROUP INC

    C · AN UMBRELLA PHYSICIAN GROUP THAT PROVIDES CONSULTATION AND PRACTICE SERVICES · WI

    Directly controlled by AMERICAN ACADEMY OF EMERGENCY MEDICINE INC

Provenance

Return type
form_990
Tax year
2023
Filed
14 June 2024
IRS schema version
2023v5.0
Source object
202442149349301629

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