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← SOCIETY OF TEACHERS OF FAMILY MEDICINE

Form 990 for tax year 2023

Filed by SOCIETY OF TEACHERS OF FAMILY MEDICINE.

Totals

Total revenue
$5,532,126
Total expenses
$5,292,895
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$4,043,602
Investment income
$255,442
Other revenue
$1,233,082
Total assets, end of year
$6,680,978
Total liabilities, end of year
$2,619,134
Net assets or fund balances, end of year
$4,061,844
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$1,351,289

Program services were 0.0% 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.

  • 2a · Program service revenue: Membership Dues

    total $1,529,380 · related or exempt $1,529,380

  • 2b · Program service revenue: Annual Spring Conferenc

    total $1,031,770 · related or exempt $1,031,770

  • 2c · Program service revenue: Conf on Med Student Edu

    total $298,305 · related or exempt $298,305

  • 2d · Program service revenue: Conf on Practice Improv

    total $157,896 · related or exempt $157,896

  • 2e · Program service revenue: Faculty Devel Delivered

    total $35,500 · related or exempt $35,500

  • 2f · All other program service revenue

    total $990,751 · related or exempt $990,751

  • 3 · Investment income

    total $154,328 · excluded $154,328

  • 5 · Royalties

    total $2,574 · related or exempt $2,574

  • 7a · Gross sales of assets other than inventory

    securities $847,102

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

    securities $745,988

  • 7c · Gain or loss

    securities $101,114

  • 7d · Net gain or loss

    total $101,114 · excluded $101,114

  • 10a · Gross sales of inventory

    $3,553

  • 10b · Cost of goods sold

    $1,516

  • 10c · Net income from sales of inventory

    total $2,037 · unrelated business $2,037

  • 11a · Other revenue: Advertising & Subscript

    total $193,275 · unrelated business $193,275

  • 11b · Other revenue: Management Agreements

    total $829,878 · unrelated business $829,878

  • 11c · Other revenue: Other Agreements

    total $205,318 · related or exempt $205,318

  • 11e · Other revenue, total

    $1,228,471

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $445,162

  • 7 · Other salaries and wages

    total $1,289,688

  • 8 · Pension plan contributions

    total $168,403

  • 9 · Other employee benefits

    total $183,199

  • 10 · Payroll taxes

    total $136,811

  • 11c · Fees: accounting

    total $57,856

  • 11d · Fees: lobbying

    total $63,945

  • 11f · Fees: investment management

    total $26,917

  • 11g · Fees: other

    total $79,420

  • 12 · Advertising and promotion

    total $17,386

  • 13 · Office expenses

    total $107,298

  • 14 · Information technology

    total $119,132

  • 16 · Occupancy

    total $183,671

  • 17 · Travel

    total $76,070

  • 19 · Conferences, conventions and meetings

    total $861,047

  • 22 · Depreciation, depletion and amortization

    total $12,802

  • 23 · Insurance

    total $22,639

  • 24a · Other expenses: FM JournalPrimerSubmission

    total $109,572 · program services $109,572

  • 24b · Other expenses: Annals of FM

    total $128,412 · program services $128,412

  • 24c · Other expenses: Special Projects

    total $485,421 · program services $485,421

  • 24d · Other expenses: Agreements

    total $628,793 · program services $628,793

  • 24e · All other expenses

    total $89,251

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $426,687 · end of year $611,429

  • 2 · Savings and temporary cash investments

    beginning of year $1,007,549 · end of year $412,087

  • 4 · Accounts receivable

    beginning of year $174,014 · end of year $188,362

  • 8 · Inventories for sale or use

    beginning of year $2,055 · end of year $1,448

  • 9 · Prepaid expenses and deferred charges

    beginning of year $250,430 · end of year $255,671

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

    $152,577

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

    $132,525

  • 10c · Land, buildings and equipment, net

    beginning of year $27,102 · end of year $20,052

  • 11 · Investments: publicly traded securities

    beginning of year $3,803,185 · end of year $5,069,053

  • 15 · Other assets

    beginning of year $304,781 · end of year $122,876

  • 17 · Accounts payable and accrued expenses

    beginning of year $512,643 · end of year $484,362

  • 19 · Deferred revenue

    beginning of year $1,764,666 · end of year $2,011,896

  • 25 · Other liabilities

    beginning of year $304,781 · end of year $122,876

  • 27 · Net assets without donor restrictions

    beginning of year $2,646,669 · end of year $3,185,154

  • 28 · Net assets with donor restrictions

    beginning of year $767,044 · end of year $876,690

Mission and programs · 2023

Mission

Advancing family medicine to improve health through a community of teachers and scholars.

  • Faculty Development Delivered - Programs where faculty take the program on the road and deliver to institutions.Family Medicine Residency Curriculum Resource - The program houses peer-reviewed competency based curriculum content organized by post-graduate resources.Teaching Physician - Provides an online resource that streamlines training, answers to questions and communications regularly with preceptors.Preceptor Projects - Primary care clerkships are struggling to obtain and retain quality clinical training sites. Family Medicine Residency Curriculum Resource - The program houses peer-reviewed competency based curriculum content organized by post-graduate resources.

    Expenses $566,937 · Revenue $1,026,251

  • STFM Annual Spring Conference - STFM has approximately 1800 attendees annually where they have the opportunity to see a hundreds of sessions, workshops, seminars, lectures, as well as many networking opportunities. Educational resources and career opportunities are available at our open house and partners. Our resources focus on providing information to enhance attendee teaching skills and professional development.

    Expenses $494,181 · Revenue $1,031,770

  • STFM Conference on Medical Student Education - The MSE Conference has approximately 600 attendees annually who gain the skills and tools needed to prepare medical student faculty to lead and prosper in the ever changing world of healthcare for patient care. Over 200 sessions are offered including plenary speakers, seminars, poster research, and networking opportunities.

    Expenses $182,941 · Revenue $298,305

  • STFM Conference on Practice & Quality Improvement - This conference has about 350 attendees annually and is formed to help attendees organize their practice around the patient, streamline processes, and provide quality consistent evidenced based care.

    Expenses $107,230 · Revenue $157,896

As filed on the 2023 return.

Listed in Part VII

  • Stacy H Brungardt

    Executive Director-CEO

    Total calculated
    $279,264
    From this org
    $279,264
    From related orgs
    $0
    Other
    $0
    Hours/week
    45

  • Chris Barlow

    Chief Operating Officer

    Total calculated
    $165,897
    From this org
    $165,897
    From related orgs
    $0
    Other
    $0
    Hours/week
    43

    Schedule J breakdown matched by us

    Base
    $165,897
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $165,897

  • Vanisha DeJonghe

    Highly Compensated Employee

    Total calculated
    $131,736
    From this org
    $131,736
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Rodney Suman

    Highly Compensated Employee

    Total calculated
    $100,483
    From this org
    $100,483
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Netra Thakur

    Program Committee Chair

    Total calculated
    $0
    Hours/week
    0.5

  • Timothy Graham

    GME Committee Chair

    Total calculated
    $0
    Hours/week
    0.5

  • Winston Liaw

    ACMAC Committee Chair

    Total calculated
    $0
    Hours/week
    0.5

  • Caryssa Lim

    Student Representative

    Total calculated
    $0
    Hours/week
    0.5

  • T Austin Witt

    Resident Representative

    Total calculated
    $0
    Hours/week
    0.5

  • Dean Seehusen

    Research Committee Chair

    Total calculated
    $0
    Hours/week
    0.5

  • Jeffrey Haney

    Member at Large

    Total calculated
    $0
    Hours/week
    0.5

  • Irene Gutierrez

    CFAS Representative

    Total calculated
    $0
    Hours/week
    0.5

  • Molly Clark

    Member at Large

    Total calculated
    $0
    Hours/week
    0.5

  • Jocelyn Young

    Member at Large

    Total calculated
    $0
    Hours/week
    0.5

  • Annie Rutter

    MSE Committee Chair

    Total calculated
    $0
    Hours/week
    0.5

  • John Snellings

    Communications Committee Chai

    Total calculated
    $0
    Hours/week
    0.5

  • Scott Fields

    STFM Foundation President

    Total calculated
    $0
    Hours/week
    0.5

  • Linda Myerholtz

    President

    Total calculated
    $0
    Hours/week
    4

  • Aaron Michelfelder

    Past President

    Total calculated
    $0
    Hours/week
    3

  • Byron Jasper

    Treasurer

    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. 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

Itemized on Schedule J with no Part VII listing of the same name on this return:

  • Stacy H Brungardt CAE

    Executive Director-CEO

    Schedule J breakdown

    Base
    $279,264
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $279,264

Answered yes

  • 3 · Compensation committee
  • 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

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.

Provenance

Return type
form_990
Tax year
2023
Filed
11 November 2024
IRS schema version
2023v5.1
Source object
202403199349313110

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