Totals
- Total revenue
- $310,769
- Total expenses
- $749,587
- Contributions and grants received
- $160,315
- Grants paid
- $501,016
- Program service revenue
- $0
- Investment income
- $150,454
- Other revenue
- $0
- Total assets, end of year
- $5,377,608
- Total liabilities, end of year
- $215,821
- Net assets or fund balances, end of year
- $5,161,787
- Program services expenses (Part IX)
- $678,833
- Management and general expenses
- $70,754
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $678,833
Program services were 90.6% 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.
-
1d · Related organizations
$10,000
-
1f · All other contributions, gifts and grants
$150,315
-
3 · Investment income
total $150,454 · excluded $150,454
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $405,444 · program services $405,444
-
2 · Grants to domestic individuals
total $76,572 · program services $76,572
-
3 · Grants to foreign organizations and individuals
total $19,000 · program services $19,000
-
11b · Fees: legal
total $4,763 · management and general $4,763
-
11c · Fees: accounting
total $8,660 · management and general $8,660
-
11f · Fees: investment management
total $15,754 · management and general $15,754
-
11g · Fees: other
total $204,033 · program services $177,817 · management and general $26,216
-
12 · Advertising and promotion
total $1,494 · management and general $1,494
-
13 · Office expenses
total $10,165 · management and general $10,165
-
19 · Conferences, conventions and meetings
total $3,702 · management and general $3,702
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $91,020 · end of year $142,971
-
4 · Accounts receivable
beginning of year $0 · end of year $60,946
-
9 · Prepaid expenses and deferred charges
beginning of year $725 · end of year $761
-
11 · Investments: publicly traded securities
beginning of year $5,168,744 · end of year $5,172,930
-
17 · Accounts payable and accrued expenses
beginning of year $30,313 · end of year $49,154
-
18 · Grants payable
end of year $166,667
-
27 · Net assets without donor restrictions
beginning of year $4,297,171 · end of year $4,227,924
-
28 · Net assets with donor restrictions
beginning of year $933,005 · end of year $933,863
Mission and programs · 2024
Mission
THE AAMI FOUNDATION IS A 501 (C) (3) CHARITABLE ORGANIZATION WHOSE PRIMARY PURPOSE IS ADVANCING THE PROFESSIONAL DEVELOPMENT OF HEALTH TECHNOLOGY AND STERILITY ASSURANCE PROFESSIONALS THROUGH ACADEMIC SCHOLARSHIPS AND HONORS AWARDS AND ADVANCING SCIENCE THROUGH RESEARCH THAT GENERATES TECHNICAL AND CLINICAL DATA TO HELP IMPROVE PATIENT OUTCOMES.
Activities or mission (Part I)
THE AAMI FOUNDATION ARCHIVES ITS VISION THROUGH AWARDING OF ACADEMIC SCHOLARSHIPS, HONOR AWARDS AND RESEARCH GRANTS.
-
THE LARGEST SCHOLARSHIP PROGRAM IS THE MILLER HTM SCHOLARSHIPS AND ARE SPECIALLY FOR HEALTH CARE TECHNOLOGY STUDENTS PURSUING A VARIETY OF ASSOCIATE, UNDERGRADUATE AND GRADUATE DEGREES RELATED TO MEDICAL EQUIPMENT DESIGN, REPAIR, DEVELOPMENT AND MANAGEMENT.
Expenses $298,389 · Grants $120,572
-
THE AAMI FOUNDATION RESEARCH GRANTS HELP TO FUND TECHNICAL, CLINICAL AND LABORATORY STUDIES THAT GENERATE DATA AND EVIDENCE FOR PUBLICATION TO ADVANCE THE SCIENCE AND HELP IMPROVE PATIENT SAFETY THROUGH THE SAFE ADOPTION OF SAFE USE OF HEALTH TECHNOLOGY.
Expenses $380,444 · Grants $380,444
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Heidi Horn MaHEIDI HORN MA
CHAIR
- Total calculated
- $5,165
- From this org
- $0
- From related orgs
- $5,165
- Other
- $0
- Hours/week
- 2 + 2 related
-
Walt RosebroughWALT ROSEBROUGH
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 2 + 2 related
-
Gerald McDonnellGERALD MCDONNELL
TREASURER/SECRETARY
- Total calculated
- $0
- Hours/week
- 2 + 2 related
-
Kurt A Finke CeKURT A FINKE CE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2 + 2 related
-
Dawn GriffinDAWN GRIFFIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Lawrence W Hertzler CceLAWRENCE W HERTZLER CCE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2 + 2 related
-
Byron LambertBYRON LAMBERT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Ira LapidesIRA LAPIDES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Sheila O'DonnellSHEILA O'DONNELL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Martell WintersMARTELL WINTERS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Steven J Yelton PE ChtmSTEVEN J YELTON PE CHTM
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Pamela AroraPAMELA ARORA
AAMI CEO
- Total calculated
- $918,441
- From this org
- $44,962
- From related orgs
- $798,083
- Other
- $75,396
- Hours/week
- 2 + 35.5 related
Schedule J breakdown matched by us
- Base
- $28,331 + $502,883 related
- Bonus
- $16,567 + $294,068 related
- Other
- $64 + $1,132 related
- Deferred
- $2,445 + $43,400 related
- Nontaxable benefits
- $1,576 + $27,975 related
- Filer's total
- $48,983 + $869,458 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
None.
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
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
-
$250,000
MARY K. LOGAN RESEARCH GRANT
-
MARY K. LOGAN RESEARCH GRANT
-
UNIVERSITY OF MARYLAND
$47,000
MARY K. LOGAN RESEARCH GRANT
-
MARY K. LOGAN RESEARCH GRANT
-
UNIVERSITY OF WISCONSIN STOUT
$15,000
KILMER SCHOLARSHIP FUND
-
KILMER SCHOLARSHIP FUND
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.
-
ASSOC FOR ADVANCEMENT OF MED INSTRUMENTATION
501(C)(6) · INCREASE UNDERSTANDING OF MEDICAL INSTRUMENTATION · VA
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 13 August 2026
- IRS schema version
- 2024v5.5
- Source object
- 202642269349300314
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