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Nonprofiteer
← AMERICAN ACADEMY OF PHYSICIAN ASSOCIATES INC

Form 990 for tax year 2022

Filed by AMERICAN ACADEMY OF PHYSICIAN ASSOCIATES INC.

Totals

Total revenue
$30,369,572
Total expenses
$28,633,935
Contributions and grants received
$4,969,419
Grants paid
$637,282
Program service revenue
$21,592,255
Investment income
$813,499
Other revenue
$2,994,399
Total assets, end of year
$42,451,703
Total liabilities, end of year
$23,131,912
Net assets or fund balances, end of year
$19,319,791
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

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.

  • 1e · Government grants (contributions)

    $1,999,900

  • 1f · All other contributions, gifts and grants

    $2,969,519

  • 2a · Program service revenue: MEMBERSHIP DUES

    total $14,735,113 · related or exempt $14,735,113

  • 2b · Program service revenue: MEETING/CONVENTION

    total $5,268,596 · related or exempt $5,268,596

  • 2c · Program service revenue: PROGRAM SERVICES

    total $1,068,546 · related or exempt $1,068,546

  • 2d · Program service revenue: SPONSORSHIPS

    total $520,000 · excluded $520,000

  • 3 · Investment income

    total $504,276 · excluded $504,276

  • 5 · Royalties

    total $2,933,614 · excluded $2,933,614

  • 7a · Gross sales of assets other than inventory

    securities $19,912,315

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

    securities $19,603,092

  • 7c · Gain or loss

    securities $309,223

  • 7d · Net gain or loss

    total $309,223 · excluded $309,223

  • 10a · Gross sales of inventory

    $55,160

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $55,160 · related or exempt $55,160

  • 11a · Other revenue: MAILING LIST

    total $5,625 · excluded $5,625

  • 11e · Other revenue, total

    $5,625

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $89,831

  • 2 · Grants to domestic individuals

    total $547,451

  • 5 · Compensation of officers, directors and key employees

    total $1,789,931

  • 7 · Other salaries and wages

    total $9,213,436

  • 8 · Pension plan contributions

    total $350,184

  • 9 · Other employee benefits

    total $1,585,951

  • 10 · Payroll taxes

    total $745,119

  • 11a · Fees: management

    total $67,711

  • 11b · Fees: legal

    total $169,796

  • 11c · Fees: accounting

    total $55,304

  • 11d · Fees: lobbying

    total $240,000

  • 11f · Fees: investment management

    total $229,700

  • 11g · Fees: other

    total $4,558,507

  • 12 · Advertising and promotion

    total $558,972

  • 13 · Office expenses

    total $148,126

  • 14 · Information technology

    total $1,314,423

  • 16 · Occupancy

    total $1,112,911

  • 17 · Travel

    total $414,263

  • 19 · Conferences, conventions and meetings

    total $2,407,100

  • 20 · Interest

    total $47,704

  • 22 · Depreciation, depletion and amortization

    total $486,723

  • 23 · Insurance

    total $90,934

  • 24a · Other expenses: COMMISIONS & FEES

    total $603,170

  • 24b · Other expenses: DUES & SUBSCRIPTIONS

    total $570,966

  • 24c · Other expenses: BANK & CC FEES

    total $287,155

  • 24e · All other expenses

    total $948,567

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $4,606,916 · end of year $4,837,910

  • 4 · Accounts receivable

    beginning of year $1,026,028 · end of year $1,192,438

  • 9 · Prepaid expenses and deferred charges

    beginning of year $897,111 · end of year $1,067,910

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

    $9,467,557

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

    $8,745,498

  • 10c · Land, buildings and equipment, net

    beginning of year $1,208,782 · end of year $722,059

  • 11 · Investments: publicly traded securities

    beginning of year $29,458,360 · end of year $25,876,411

  • 15 · Other assets

    beginning of year $90,421 · end of year $8,754,975

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,155,810 · end of year $1,827,359

  • 19 · Deferred revenue

    beginning of year $9,062,965 · end of year $10,971,444

  • 24 · Unsecured notes and loans payable

    beginning of year $1,999,900 · end of year $0

  • 25 · Other liabilities

    beginning of year $2,319,041 · end of year $10,333,109

  • 27 · Net assets without donor restrictions

    beginning of year $21,733,055 · end of year $19,305,082

  • 28 · Net assets with donor restrictions

    beginning of year $16,847 · end of year $14,709

Mission and programs · 2022

Mission

TO ENSURE THE PROFESSIONAL GROWTH, PERSONAL EXCELLENCE, AND RECOGNITION OF PAS, AND TO SUPPORT EFFORTS TO ENABLE THEM TO IMPROVE THE QUALITY, ACCESSIBILITY, AND COST-EFFECTIVENESS OF PATIENT-CENTERED HEALTH CARE.

Activities or mission (Part I)

TO ENSURE THE PROFESSIONAL GROWTH, PERSONAL EXCELLENCE, AND RECOGNITION OF PAS.

  • THE PROMOTION OF QUALITY, COST-EFFECTIVE, AND ACCESSIBLE HEALTH CARE, AS WELL AS THE PROFESSIONAL AND PERSONAL DEVELOPMENT OF PAS.

As filed on the 2022 return.

Listed in Part VII

  • Jennifer Jenn M Orozco

    PRESIDENT

    Total calculated
    $0
    Hours/week
    4

  • Folusho Ogunfiditimi

    PRESIDENT-ELECT

    Total calculated
    $0
    Hours/week
    4

  • Beth R Smolko

    IMMEDIATE PAST PRESIDENT

    Total calculated
    $0
    Hours/week
    4

  • Todd Pickard

    VICE PRESIDENT/ SPEAKER OF THE HOUSE

    Total calculated
    $0
    Hours/week
    4

  • Lauren G Dobbs

    SECRETARY-TREASURER

    Total calculated
    $0
    Hours/week
    4

  • David Bunnell

    DIRECTOR-AT-LARGE BEG 7/22

    Total calculated
    $0
    Hours/week
    2

  • Leslie Clayton

    DIRECTOR/ FIRST VICE SPEAKER OF THE HOUSE

    Total calculated
    $0
    Hours/week
    2

  • Natalie Crump

    STUDENT DIRECTOR PRESIDENT-ELECT (BEG 7/22)

    Total calculated
    $0
    Hours/week
    2

  • Eric Martinez

    DIRECTOR-AT-LARGE

    Total calculated
    $0
    Hours/week
    2

  • Deanna Bridge Najera

    DIRECTOR-AT-LARGE

    Total calculated
    $0
    Hours/week
    2

  • Desmond Watt

    DIRECTOR-AT-LARGE

    Total calculated
    $2,336
    From this org
    $2,336
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Peggy Walsh Sheryka

    DIRECTOR-AT-LARGE/SECOND VICE SPEAKER OF THE HOUSE

    Total calculated
    $0
    Hours/week
    2

  • Kris Pyles-Sweet

    DIRECTOR-AT-LARGE BEG 7/22

    Total calculated
    $4,526
    From this org
    $4,526
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Jeremy Adler

    DIRECTOR-AT-LARGE THRU 6/22

    Total calculated
    $0
    Hours/week
    2

  • Bethany Grubb

    DIRECTOR-AT-LARGE THRU 6/22

    Total calculated
    $0
    Hours/week
    2

  • Mariah Leroux

    STUDENT DIRECTOR THRU 6/22

    Total calculated
    $0
    Hours/week
    2

  • Lisa Gables

    CEO

    Total calculated
    $570,282
    From this org
    $528,378
    From related orgs
    $0
    Other
    $41,904
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $479,706
    Bonus
    $46,350
    Other
    $2,322
    Deferred
    $31,416
    Nontaxable benefits
    $18,050
    Filer's total
    $577,844

  • Donna Nogay

    SVP MKT & MS

    Total calculated
    $313,016
    From this org
    $277,231
    From related orgs
    $0
    Other
    $35,785
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $273,667
    Bonus
    $0
    Other
    $3,564
    Deferred
    $11,432
    Nontaxable benefits
    $36,820
    Filer's total
    $325,483

  • Karen Morgan

    SVP, COVN

    Total calculated
    $303,164
    From this org
    $263,257
    From related orgs
    $0
    Other
    $39,907
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $259,693
    Bonus
    $0
    Other
    $3,564
    Deferred
    $10,708
    Nontaxable benefits
    $36,503
    Filer's total
    $310,468

  • Phillip Bongiorno

    SVP, ADVOCACY

    Total calculated
    $267,064
    From this org
    $235,843
    From related orgs
    $0
    Other
    $31,221
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $234,176
    Bonus
    $0
    Other
    $1,667
    Deferred
    $4,485
    Nontaxable benefits
    $35,555
    Filer's total
    $275,883

  • Anil Ravandur

    VP, IT

    Total calculated
    $250,400
    From this org
    $212,526
    From related orgs
    $0
    Other
    $37,874
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $210,723
    Bonus
    $0
    Other
    $1,803
    Deferred
    $8,675
    Nontaxable benefits
    $33,692
    Filer's total
    $254,893

  • Michael Powe

    VP, RP ADV

    Total calculated
    $240,588
    From this org
    $206,568
    From related orgs
    $0
    Other
    $34,020
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $199,710
    Bonus
    $0
    Other
    $6,858
    Deferred
    $8,214
    Nontaxable benefits
    $33,404
    Filer's total
    $248,186

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

  • 1a · Travel for companions
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

The filer's explanations (Part III)

PART I, LINE 1A
PER POLICY, AAPA PROVIDES TRAVEL FOR COMPANIONS FOR ITS BOARD PRESIDENT AND VICE PRESIDENT/SPEAKER OF THE HOUSE TO ITS ANNUAL CONFERENCE.

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

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.

  • PHYSICIAN ASSISTANT FOUNDATION OF THE AAPA

    501(C)(3) · EMPOWERS THE PA PROFESSION TO IMPACT THE HEALTH & WELLNESS OF THE COMMUNITY · VA · controlled entity

    Directly controlled by AMERICAN ACADEMY OF PHYSICIAN ASSOCIATES

  • AMERICAN ACADEMY OF PHYSICIAN ASSOCIATES POLITICAL ACTION COMMITTEE

    527 · POLITICAL ACTIVITIES · VA · controlled entity

    Directly controlled by AMERICAN ACADEMY OF PHYSICIAN ASSOCIATES

Provenance

Return type
form_990
Tax year
2022
Filed
8 November 2023
IRS schema version
2022v5.0
Source object
202343169349300114

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