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Nonprofiteer
← AMERICAN MEDICAL ASSOCIATION

Form 990 for tax year 2023

Filed by AMERICAN MEDICAL ASSOCIATION.

Totals

Total revenue
$468,408,415
Total expenses
$403,258,268
Contributions and grants received
$37,004,540
Grants paid
$9,834,039
Program service revenue
$83,777,422
Investment income
$30,997,379
Other revenue
$316,629,074
Total assets, end of year
$1,364,147,649
Total liabilities, end of year
$340,720,768
Net assets or fund balances, end of year
$1,023,426,881
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.

  • 1b · Membership dues

    $33,946,952

  • 1e · Government grants (contributions)

    $2,381,638

  • 1f · All other contributions, gifts and grants

    $675,950

  • 2a · Program service revenue: SUBSCRIPTION

    total $40,241,778 · related or exempt $40,241,778

  • 2b · Program service revenue: CREDENTIALING

    total $15,054,878 · related or exempt $15,054,878

  • 2c · Program service revenue: REPRINT/OPENACCESS FEE

    total $11,998,643 · related or exempt $11,998,643

  • 2d · Program service revenue: EDUCATIONAL PROD. REV.

    total $8,106,906 · related or exempt $8,106,906

  • 2e · Program service revenue: GENERIC DRUG NAMES

    total $3,431,000 · related or exempt $3,431,000

  • 2f · All other program service revenue

    total $4,944,217 · related or exempt $4,944,217

  • 3 · Investment income

    total $18,025,654 · excluded $18,025,654

  • 5 · Royalties

    total $284,842,564 · excluded $284,842,564

  • 6a · Gross rents

    real property $829,941

  • 6b · Less rental expenses

    real property $829,941

  • 6c · Rental income or loss

    real property $0

  • 6d · Net rental income or loss

    total $0

  • 7a · Gross sales of assets other than inventory

    securities $811,422,992

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

    securities $796,980,794 · other assets $1,470,473

  • 7c · Gain or loss

    securities $14,442,198 · other assets -$1,470,473

  • 7d · Net gain or loss

    total $12,971,725 · excluded $12,971,725

  • 10a · Gross sales of inventory

    $22,387,962

  • 10b · Cost of goods sold

    $4,415,787

  • 10c · Net income from sales of inventory

    total $17,972,175 · related or exempt $17,972,175

  • 11a · Other revenue: ADVERTISING

    total $12,130,502 · unrelated business $12,130,502

  • 11b · Other revenue: SUBSIDIARY SERVICE FEE

    total $860,239 · related or exempt $860,239

  • 11c · Other revenue: VENDOR & MISC. REFUNDS

    total $219,292 · related or exempt $219,292

  • 11d · All other revenue

    total $604,302 · related or exempt $155,475 · unrelated business $373,533 · excluded $75,294

  • 11e · Other revenue, total

    $13,814,335

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $9,834,039

  • 5 · Compensation of officers, directors and key employees

    total $9,865,902

  • 7 · Other salaries and wages

    total $184,202,150

  • 8 · Pension plan contributions

    total $8,443,861

  • 9 · Other employee benefits

    total $21,640,801

  • 10 · Payroll taxes

    total $11,747,701

  • 11b · Fees: legal

    total $1,088,362

  • 11c · Fees: accounting

    total $341,022

  • 11f · Fees: investment management

    total $189,750

  • 11g · Fees: other

    total $32,202,666

  • 12 · Advertising and promotion

    total $11,328,816

  • 13 · Office expenses

    total $2,748,773

  • 14 · Information technology

    total $24,208,872

  • 15 · Royalties

    total $76,033

  • 16 · Occupancy

    total $15,285,938

  • 17 · Travel

    total $9,366,894

  • 19 · Conferences, conventions and meetings

    total $9,439,356

  • 20 · Interest

    total $27,625

  • 22 · Depreciation, depletion and amortization

    total $10,417,491

  • 23 · Insurance

    total $991,570

  • 24a · Other expenses: PUBLICATION COSTS

    total $18,530,402

  • 24b · Other expenses: MEMBERSHIP SOLICITATION

    total $9,039,849

  • 24c · Other expenses: SUBSCRIPTIONS

    total $1,765,466

  • 24d · Other expenses: EMPL.RECRUIT/AGENCY FEE

    total $1,751,357

  • 24e · All other expenses

    total $8,723,572

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,482,486 · end of year $2,444,476

  • 2 · Savings and temporary cash investments

    beginning of year $2,827,116 · end of year $2,388,539

  • 4 · Accounts receivable

    beginning of year $98,817,446 · end of year $100,629,497

  • 8 · Inventories for sale or use

    beginning of year $2,754,569 · end of year $2,068,836

  • 9 · Prepaid expenses and deferred charges

    beginning of year $10,536,862 · end of year $9,744,384

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

    $150,634,443

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

    $127,702,840

  • 10c · Land, buildings and equipment, net

    beginning of year $27,824,727 · end of year $22,931,603

  • 11 · Investments: publicly traded securities

    beginning of year $848,207,211 · end of year $978,994,181

  • 15 · Other assets

    beginning of year $171,298,302 · end of year $244,946,133

  • 17 · Accounts payable and accrued expenses

    beginning of year $49,827,658 · end of year $54,826,099

  • 19 · Deferred revenue

    beginning of year $68,834,801 · end of year $74,987,513

  • 25 · Other liabilities

    beginning of year $159,570,451 · end of year $210,907,156

  • 27 · Net assets without donor restrictions

    beginning of year $886,455,603 · end of year $1,023,416,292

  • 28 · Net assets with donor restrictions

    beginning of year $60,206 · end of year $10,589

Mission and programs · 2023

Mission

TO FURTHER THE INTERESTS OF THE MEDICAL PROFESSION BY PROMOTING THE ART AND SCIENCE OF MEDICINE AND THE BETTERMENT OF PUBLIC HEALTH.

Activities or mission (Part I)

SEE SCHEDULE O.

  • SCIENTIFIC PUBLICATIONS - THE AMA PUBLISHED THE JOURNAL OF THE AMERICAN MEDICAL ASSOCIATION, JAMA NETWORK OPEN, AND 11 SPECIALTY JOURNALS. THESE JOURNALS ARE DISTRIBUTED WORLDWIDE TO INDIVIDUAL RECIPIENTS IN PRINT AND TO MORE THAN 2,980 INSTITUTIONS THROUGH ONLINE ACCESS. THE JOURNALS INCLUDED DEFINITIVE, PEER REVIEWED CLINICAL AND INVESTIGATIVE REPORTS SPANNING MAJOR MEDICAL DISCIPLINES TO SUPPORT INFORMED CLINICAL DECISION-MAKING AND TO ENABLE PHYSICIANS TO REMAIN CURRENT PROFESSIONALLY.

  • THE AMA IS COMMITTED TO SEEKING CHANGE IN THE FEDERAL AND STATE LEGISLATIVE/REGULATORY ENVIRONMENTS TO PROTECT THE NEEDS OF PATIENTS AND ENABLE PHYSICIANS TO PROVIDE OPTIMAL CARE. PREDOMINANT AREAS OF FOCUS ARE SEEKING MEDICARE PAYMENT REFORM; ELIMINATING PRACTICE BARRIERS; PROMOTING PHYSICIAN-LED TEAM-BASED CARE; INCREASING PHYSICIAN WELLNESS; REDUCING HEALTH CARE DISPARITIES; AND ADVOCATING FOR PUBLIC HEALTH MEASURES.

  • THE AMA IS RESPONSIBLE FOR THE DEVELOPMENT AND SALES OF MEDICAL INFORMATION BOOKS AND DIGITAL CONTENT DESIGNED TO MEET THE NEEDS OF MEMBERS, POTENTIAL MEMBERS, CONSUMERS, AND OTHERS. THIS INCLUDES MEDICAL PRACTICE INFORMATION AND ETHICS TEXTS, CURRENT PROCEDURAL TERMINOLOGY AND OTHER MEDICAL CODING TEXTS, AS WELL AS MANY OTHER RELEVANT TOPICS FOR THE MEDICAL PROFESSION.

  • I. IMPROVING HEALTH OUTCOMES, QUALITY OF CARE AND PUBLIC HEALTHII. ACCELERATING CHANGE IN MEDICAL EDUCATION. ADVANCING IMPROVEMENTS IN UNDERGRADUATE MEDICAL EDUCATION AND GRADUATE MEDICAL EDUCATION, HEALTH SYSTEM SCIENCE.III. IMPROVING PROFESSIONAL SATISFACTION AND PRACTICE SUSTAINABILITY FOR PHYSICIANS IN ALL PRACTICE TYPESIV. PROFESSIONALISM AND ETHICSV. UNDERGRADUATE, GRADUATE AND CONTINUING MEDICAL EDUCATION POLICY & RESEARCHVI. SCIENCE, RESEARCH & TECHNOLOGYVII. POLITICAL EDUCATIONVIII. JUDICIAL ADVOCACYIX. INTERNATIONAL MEDICINEX. HEALTH POLICY RESEARCH & DEVELOPMENTXI. MEDICAL PRACTICE BOOKS AND CONTENTXII. STRENGTHENING, AMPLIFYING AND SUSTAINING AMA'S WORK TO ELIMINATE HEALTH INEQUITIES - IMPROVING HEALTH OUTCOMES AND CLOSING DISPARITY GAPSXIII. INTEREST GROUP RESEARCH AND SUPPORT FOR MEDICAL STUDENTS, RESIDENTS AND FELLOWS; YOUNG PHYSICIANS; WOMEN PHYSICIANS; SENIOR PHYSICIANS; INTEGRATED PHYSICIAN PRACTICES; ORGANIZED MEDICAL STAFF; ACADEMIC PHYSICIANS; PRIVATE PRACTICE PHYSICIANS; INTERNATIONAL MEDICAL GRADUATES; MINORITY AFFAIRS; ADVISORY COMMITTEE ON LGBTQ ISSUES

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • David H Aizuss MD

    TRUSTEE

    Total calculated
    $75,400
    From this org
    $75,400
    From related orgs
    $0
    Other
    $0
    Hours/week
    11

  • Toluwalase A Ajayi MD

    TRUSTEE

    Total calculated
    $73,300
    From this org
    $66,600
    From related orgs
    $0
    Other
    $6,700
    Hours/week
    10

  • John H Armstrong MD

    HOD VICE SPEAKER (BEG. JULY 2023)

    Total calculated
    $44,375
    From this org
    $21,875
    From related orgs
    $0
    Other
    $22,500
    Hours/week
    12

  • Madelyn E Butler MD

    TRUSTEE

    Total calculated
    $80,350
    From this org
    $80,350
    From related orgs
    $0
    Other
    $0
    Hours/week
    9

  • Alexander Ding MD

    TRUSTEE

    Total calculated
    $80,710
    From this org
    $80,710
    From related orgs
    $0
    Other
    $0
    Hours/week
    12

  • Willarda V Edwards MD

    TRUSTEE

    Total calculated
    $95,416
    From this org
    $72,916
    From related orgs
    $0
    Other
    $22,500
    Hours/week
    10

  • Lisa Bohman Egbert MD

    HOD VICE SPEAKER/HOD SPEAKER

    Total calculated
    $135,098
    From this org
    $112,598
    From related orgs
    $0
    Other
    $22,500
    Hours/week
    19

  • Jesse M Ehrenfeld MD

    PRESIDENT-ELECT/PRESIDENT

    Total calculated
    $287,560
    From this org
    $287,560
    From related orgs
    $0
    Other
    $0
    Hours/week
    32

    Schedule J breakdown matched by us

    Base
    $287,560
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $287,560

  • E Scott Ferguson MD

    TRUSTEE

    Total calculated
    $82,866
    From this org
    $60,366
    From related orgs
    $0
    Other
    $22,500
    Hours/week
    9

  • Sandra Adamson Fryhofer MD

    CHAIR/PAST CHAIR

    Total calculated
    $213,987
    From this org
    $213,987
    From related orgs
    $0
    Other
    $0
    Hours/week
    19

    Schedule J breakdown matched by us

    Base
    $206,540
    Bonus
    $0
    Other
    $7,447
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $213,987

  • Gerald E Harmon MD

    PAST PRESIDENT (THRU JUNE 2023)

    Total calculated
    $164,358
    From this org
    $146,358
    From related orgs
    $0
    Other
    $18,000
    Hours/week
    18

    Schedule J breakdown matched by us

    Base
    $124,480
    Bonus
    $0
    Other
    $21,878
    Deferred
    $18,000
    Nontaxable benefits
    $0
    Filer's total
    $164,358

  • Drayton Charles Harvey

    STUDENT TRUSTEE (THRU JUNE 2023)

    Total calculated
    $33,500
    From this org
    $33,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    10

  • Marilyn J Heine MD

    TRUSTEE

    Total calculated
    $83,150
    From this org
    $83,150
    From related orgs
    $0
    Other
    $0
    Hours/week
    12

  • Pratistha Koirala MD

    RESIDENT TRUSTEE

    Total calculated
    $67,000
    From this org
    $67,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    8

  • Ilse R Levin Do

    TRUSTEE

    Total calculated
    $82,775
    From this org
    $82,775
    From related orgs
    $0
    Other
    $0
    Hours/week
    10

  • Thomas J Madejski MD

    TRUSTEE

    Total calculated
    $92,476
    From this org
    $79,076
    From related orgs
    $0
    Other
    $13,400
    Hours/week
    11

  • S Bobby Mukkamala MD

    TRUSTEE

    Total calculated
    $88,878
    From this org
    $66,378
    From related orgs
    $0
    Other
    $22,500
    Hours/week
    11

  • Harris Pastides PhD

    PUBLIC TRUSTEE

    Total calculated
    $69,800
    From this org
    $69,800
    From related orgs
    $0
    Other
    $0
    Hours/week
    7

  • Jack Resneck Jr MD

    PRESIDENT/PAST PRESIDENT

    Total calculated
    $297,560
    From this org
    $297,560
    From related orgs
    $0
    Other
    $0
    Hours/week
    25

    Schedule J breakdown matched by us

    Base
    $287,560
    Bonus
    $0
    Other
    $10,000
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $297,560

  • Bruce A Scott MD

    HOD SPEAKER/PRESIDENT-ELECT

    Total calculated
    $215,255
    From this org
    $192,755
    From related orgs
    $0
    Other
    $22,500
    Hours/week
    20

    Schedule J breakdown matched by us

    Base
    $189,880
    Bonus
    $0
    Other
    $2,875
    Deferred
    $22,500
    Nontaxable benefits
    $0
    Filer's total
    $215,255

  • Aliya Siddiqui

    STUDENT TRUSTEE (BEG. JULY 2023)

    Total calculated
    $52,147
    From this org
    $48,797
    From related orgs
    $0
    Other
    $3,350
    Hours/week
    17

  • Michael Suk MD

    TRUSTEE/CHAIR-ELECT

    Total calculated
    $142,840
    From this org
    $120,340
    From related orgs
    $0
    Other
    $22,500
    Hours/week
    15

  • Willie Underwood III MD

    CHAIR-ELECT/CHAIR

    Total calculated
    $248,880
    From this org
    $248,880
    From related orgs
    $0
    Other
    $0
    Hours/week
    22

    Schedule J breakdown matched by us

    Base
    $243,880
    Bonus
    $0
    Other
    $5,000
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $248,880

  • James L Madara MD

    EVP & CEO

    Total calculated
    $2,733,515
    From this org
    $2,516,084
    From related orgs
    $0
    Other
    $217,431
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $1,343,773
    Bonus
    $1,117,107
    Other
    $55,204
    Deferred
    $100,300
    Nontaxable benefits
    $117,131
    Filer's total
    $2,733,515

  • Denise M Hagerty

    SVP & CHIEF FINANCIAL OFFICER

    Total calculated
    $996,763
    From this org
    $956,604
    From related orgs
    $0
    Other
    $40,159
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $620,126
    Bonus
    $322,000
    Other
    $14,478
    Deferred
    $19,300
    Nontaxable benefits
    $20,859
    Filer's total
    $996,763

  • Thomas J Easley

    CHIEF MISSION OFFICER

    Total calculated
    $1,270,682
    From this org
    $1,236,179
    From related orgs
    $0
    Other
    $34,503
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $742,255
    Bonus
    $480,000
    Other
    $13,924
    Deferred
    $19,300
    Nontaxable benefits
    $15,203
    Filer's total
    $1,270,682

  • Jon L Giacomin

    CHIEF OPERATING OFFICER

    Total calculated
    $1,049,455
    From this org
    $990,496
    From related orgs
    $0
    Other
    $58,959
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $735,684
    Bonus
    $250,000
    Other
    $4,812
    Deferred
    $13,200
    Nontaxable benefits
    $45,759
    Filer's total
    $1,049,455

  • Todd D Unger

    SVP & CHIEF EXPERIENCE OFFICER

    Total calculated
    $1,007,806
    From this org
    $941,390
    From related orgs
    $0
    Other
    $66,416
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $619,824
    Bonus
    $306,058
    Other
    $15,508
    Deferred
    $19,300
    Nontaxable benefits
    $47,116
    Filer's total
    $1,007,806

  • Kenneth J Sharigian

    CHIEF STRATEGY OFFICER

    Total calculated
    $1,494,400
    From this org
    $1,456,337
    From related orgs
    $0
    Other
    $38,063
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $858,953
    Bonus
    $565,000
    Other
    $32,384
    Deferred
    $19,300
    Nontaxable benefits
    $18,763
    Filer's total
    $1,494,400

  • Thomas C Giannulli MD

    SVP/CHIEF MEDICAL INFO OFFICER

    Total calculated
    $1,736,149
    From this org
    $257,325
    From related orgs
    $783,954
    Other
    $694,870
    Hours/week
    20 + 40 related

    Schedule J breakdown matched by us

    Base
    $257,325 + $265,605 related
    Bonus
    $0 + $392,355 related
    Other
    $0 + $125,994 related
    Deferred
    $0 + $691,350 related
    Nontaxable benefits
    $0 + $3,520 related
    Filer's total
    $257,325 + $1,478,824 related

  • Kirsten Bibbins-Domingo MD

    SVP & EDITOR IN CHIEF, JAMA NW

    Total calculated
    $1,038,150
    From this org
    $986,119
    From related orgs
    $0
    Other
    $52,031
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $977,575
    Bonus
    $0
    Other
    $8,544
    Deferred
    $19,300
    Nontaxable benefits
    $32,731
    Filer's total
    $1,038,150

  • Karen A Maybank MD

    SVP & CHIEF HLTH EQUITY OFFICER

    Total calculated
    $864,225
    From this org
    $831,404
    From related orgs
    $0
    Other
    $32,821
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $554,186
    Bonus
    $275,000
    Other
    $2,218
    Deferred
    $17,653
    Nontaxable benefits
    $15,168
    Filer's total
    $864,225

  • C Todd Askew

    SVP, ADVOCACY

    Total calculated
    $851,530
    From this org
    $809,797
    From related orgs
    $0
    Other
    $41,733
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $532,915
    Bonus
    $270,000
    Other
    $6,882
    Deferred
    $19,300
    Nontaxable benefits
    $22,433
    Filer's total
    $851,530

  • Georgia A Tuttle MD

    FORMER TRUSTEE

    Total calculated
    $40,826
    From this org
    $40,826
    From related orgs
    $0
    Other
    $0
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $0
    Other
    $40,826
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $40,826

  • Albert T Osbahr MD

    FORMER TRUSTEE

    Total calculated
    $19,393
    From this org
    $19,393
    From related orgs
    $0
    Other
    $0
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $0
    Other
    $19,393
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $19,393

  • William E Kobler MD

    FORMER TRUSTEE

    Total calculated
    $17,088
    From this org
    $17,088
    From related orgs
    $0
    Other
    $0
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $0
    Other
    $17,088
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $17,088

  • Russell Wh Kridel MD

    FORMER TRUSTEE

    Total calculated
    $12,394
    From this org
    $12,394
    From related orgs
    $0
    Other
    $0
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $0
    Other
    $12,394
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $12,394

  • Howard C Bauchner MD

    FORMER SVP/EDITOR IN CHIEF, JAMA NW

    Total calculated
    $1,063,205
    From this org
    $1,063,205
    From related orgs
    $0
    Other
    $0
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $0
    Other
    $1,063,205
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $1,063,205

  • Laurie A S McGraw

    FORMER SVP, HEALTH SOLUTIONS

    Total calculated
    $169,764
    From this org
    $160,648
    From related orgs
    $0
    Other
    $9,116
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $0
    Other
    $160,648
    Deferred
    $0
    Nontaxable benefits
    $9,116
    Filer's total
    $169,764

  • Phil B Fontanarosa MD

    FORMER VP/ACTING EIC, JAMA NW

    Total calculated
    $405,092
    From this org
    $375,504
    From related orgs
    $0
    Other
    $29,588
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $39,236
    Other
    $336,268
    Deferred
    $6,100
    Nontaxable benefits
    $23,488
    Filer's total
    $405,092

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 · First-class or charter travel
  • 1a · Health or social club dues or initiation fees
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Approval by the board or compensation committee
  • 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)

PART I, LINE 1A
ALL EXECUTIVES ARE REIMBURSED FOR HEALTH CLUB DUES WHICH ARE REPORTED AS COMPENSATION TO THE INDIVIDUAL, TO THE EXTENT REIMBURSED. IN RARE INSTANCES FOR MEMBERS OF THE BOARD, IT IS RECOGNIZED THAT SHORT NOTICE ASSIGNMENTS MAY REQUIRE FIRST CLASS TRAVEL BECAUSE OF THE LACK OF AVAILABILITY OF COACH SEATING. THE PRESIDENTS (PRESIDENT, IMMEDIATE PAST PRESIDENT AND PRESIDENT ELECT) WILL EACH HAVE ACCESS TO AN INDIVIDUAL $5,000 TERM ALLOWANCE (JULY 1 TO JUNE 30) AND ALL OTHER OFFICERS WILL EACH HAVE ACCESS TO $2,500 TERM ALLOWANCE (JULY 1 TO JUNE 30) TO USE FOR UPGRADES AS EACH DEEMS APPROPRIATE, TYPICALLY WHEN TRAVELING ON AN AIRLINE WITH NON-PREFERRED STATUS. BUSINESS CLASS AIRFARE IS AUTHORIZED FOR FOREIGN TRAVEL ON AMA BUSINESS. THE CEO MAY UPGRADE TO THE LESSER OF FIRST CLASS OR BUSINESS CLASS TRAVEL FOR FLIGHTS OF THREE (3) HOURS OR MORE.
PART I, LINE 4A:
CONTRACTUAL SEPARATION PAYMENTS WERE MADE TO THE FOLLOWING INDIVIDUALS DURING THE YEAR UNDER A VOLUNTARY SEPARATION AGREEMENT ENTERED INTO BY THE EMPLOYEES AND THE ORGANIZATION AND ARE INCLUDED IN COLUMN B(III): HOWARD C. BAUCHNER, M.D. $1,037,259 LAURIE A. S. MCGRAW $160,648 PHIL B. FONTANAROSA, M.D. $326,100 THOMAS C. GIANNULLI, M.D. $122,649
PART I, LINE 4B:
THE AMA HAS A DEFERRED COMPENSATION PLAN AS DEFINED IN SECTION 457(B) OF THE INTERNAL REVENUE CODE WHICH IS AVAILABLE TO ALL MEMBERS OF THE BOARD OF TRUSTEES AND SENIOR MANAGEMENT OF THE AMA. UNDER THIS PLAN, INDIVIDUALS MAY DEFER UP TO THE ANNUAL AMOUNT PERMITTED BY THE INTERNAL REVENUE CODE. THE AMA MAKES NO CONTRIBUTIONS TO THIS PLAN. CONTRIBUTIONS BY THE PARTICIPANTS ARE INCLUDED IN THE COMPENSATION INFORMATION ABOVE; EMPLOYEE CONTRIBUTIONS ARE INCLUDED IN COLUMN B(I) AND BOARD OF TRUSTEE CONTRIBUTIONS ARE INCLUDED IN COLUMN C. THE FOLLOWING INDIVIDUALS RECEIVED PAYMENTS FROM A DEFERRED COMPENSATION PLAN AFTER LEAVING THE AMA, WHICH ARE INCLUDED IN COLUMN B(III) AND COLUMN F: HOWARD C. BAUCHNER, M.D. $25,945 GEORGIA A. TUTTLE, M.D. $40,826 ALBERT T. OSBAHR, M.D. $19,393 WILLIAM E. KOBLER, M.D. $17,088 RUSSELL W.H. KRIDEL, M.D. $12,394 IN 2011, AMA AND JAMES L. MADARA ENTERED INTO A DEFERRED COMPENSATION AGREEMENT SUBJECT TO SECTION 457(F) OF THE INTERNAL REVENUE CODE, CALLING FOR ANNUAL CONTRIBUTIONS BY THE AMA TO THE DEFERRED ACCOUNT. THE ACCOUNT VESTS OVER TIME AND PAYMENT OF UNDISTRIBUTED AMOUNTS WILL OCCUR ON THE VESTING DATES. THE ANNUAL CONTRIBUTION IS INCLUDED IN COLUMN C ABOVE. NO PAYMENTS WERE MADE IN 2023.

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

The 10 largest by cash amount. The API serves every itemized grant.

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 MEDICAL ASSURANCE COMPANY

    C · BUSINESS SERVICES REINSURANCE COMPANY · IL · 100% owned · share of income $82,762 · share of assets $2,795,356 · controlled entity

    Directly controlled by AMERICAN MEDICAL ASSOCIATION

  • HEALTH2047 INC

    C · PROFESSIONAL, SCIENTIFIC AND TECHNICAL SERVICES · IL · 100% owned · share of income $5,570,055 · share of assets $59,713,970 · controlled entity

    Directly controlled by AMERICAN MEDICAL ASSOCIATION

  • FIRST MILE CARE INC

    C · PREVENTIVE CHRONIC CARE COMPANY · CA · controlled entity

  • ADAMS STREET 1847 FUND LP

    C · INVESTING · CJ · 99.98% owned · share of income $14,866,454 · share of assets $113,352,118 · controlled entity

    Directly controlled by AMERICAN MEDICAL ASSOCIATION

  • AMA INSURANCE AGENCY INC

    C · INSURANCE BROKERAGE · IL · controlled entity

  • AMA SERVICES INC

    C · HOLDING COMPANY - BUSINESS AND PERSONAL SERVICES · IL · 100% owned · share of income $36,888,210 · share of assets $59,362,386 · controlled entity

    Directly controlled by AMERICAN MEDICAL ASSOCIATION

  • AMA INNOVATIONS INC

    C · HOLDING COMPANY - BUSINESS AND PERSONAL SERVICES · IL · controlled entity

Provenance

Return type
form_990
Tax year
2023
Filed
8 November 2024
IRS schema version
2023v5.1
Source object
202443159349301239

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