Form 990 for tax year 2024
Filed by AMERICAN OSTEOPATHIC FOUNDATION INC.
Totals
- Total revenue
- $7,631,230
- Total expenses
- $2,724,646
- Contributions and grants received
- $6,820,063
- Grants paid
- $543,198
- Program service revenue
- $0
- Investment income
- $878,858
- Other revenue
- -$67,691
- Total assets, end of year
- $22,960,158
- Total liabilities, end of year
- $512,583
- Net assets or fund balances, end of year
- $22,447,575
- Program services expenses (Part IX)
- $1,186,909
- Management and general expenses
- $972,967
- Fundraising expenses
- $564,770
- Program service expenses (Part III)
- $1,186,909
Program services were 43.6% 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.
-
1c · Fundraising events
$780,924
-
1f · All other contributions, gifts and grants
$6,039,139
-
1g · Noncash contributions included above
$196,916
-
3 · Investment income
total $705,183 · excluded $705,183
-
7a · Gross sales of assets other than inventory
securities $1,761,163
-
7b · Less cost or other basis and sales expenses
securities $1,587,488
-
7c · Gain or loss
securities $173,675
-
7d · Net gain or loss
total $173,675 · excluded $173,675
-
8a · Fundraising events: gross income
$233,281
-
8a · Fundraising events: contributions included on line 1c
$780,924
-
8b · Fundraising events: direct expenses
$346,211
-
8c · Net income from fundraising events
total -$112,930 · excluded -$112,930
-
9a · Gaming: gross income
$2,800
-
9b · Gaming: direct expenses
$2,100
-
9c · Net income from gaming
total $700 · excluded $700
-
10a · Gross sales of inventory
$5,577
-
10b · Cost of goods sold
$3,363
-
10c · Net income from sales of inventory
total $2,214 · related or exempt $2,214
-
11a · Other revenue: CASH SURRENDER VALUE OF LIFE INSU
total $18,485 · related or exempt $18,485
-
11b · Other revenue: GRANT FORFEITURES
total $11,947 · related or exempt $11,947
-
11c · Other revenue: OTHER REVENUE
total $11,893 · related or exempt $11,893
-
11e · Other revenue, total
$42,325
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $104,050 · program services $104,050
-
2 · Grants to domestic individuals
total $439,148 · program services $439,148
-
5 · Compensation of officers, directors and key employees
total $519,885 · program services $204,003 · management and general $263,893 · fundraising $51,989
-
7 · Other salaries and wages
total $586,960 · program services $208,733 · management and general $146,766 · fundraising $231,461
-
8 · Pension plan contributions
total $23,609 · program services $9,640 · management and general $7,083 · fundraising $6,886
-
9 · Other employee benefits
total $77,757 · program services $23,565 · management and general $27,100 · fundraising $27,092
-
10 · Payroll taxes
total $68,891 · program services $25,917 · management and general $24,724 · fundraising $18,250
-
11b · Fees: legal
total $1,339 · management and general $1,339
-
11c · Fees: accounting
total $25,200 · management and general $25,200
-
11f · Fees: investment management
total $91,163 · management and general $91,163
-
11g · Fees: other
total $268,121 · program services $26,999 · management and general $156,323 · fundraising $84,799
-
13 · Office expenses
total $31,619 · program services $8,105 · management and general $8,099 · fundraising $15,415
-
14 · Information technology
total $127,871 · program services $29,891 · management and general $41,218 · fundraising $56,762
-
16 · Occupancy
total $70,727 · program services $28,482 · management and general $28,842 · fundraising $13,403
-
17 · Travel
total $167,398 · program services $47,226 · management and general $100,632 · fundraising $19,540
-
22 · Depreciation, depletion and amortization
total $2,734 · program services $1,200 · management and general $1,134 · fundraising $400
-
23 · Insurance
total $5,559 · program services $1,454 · management and general $3,035 · fundraising $1,070
-
24a · Other expenses: EQUIPMENT RENTALS
total $38,360 · program services $28,496 · management and general $9,864
-
24b · Other expenses: DONOR RECRUITMENT
total $34,523 · fundraising $34,523
-
24c · Other expenses: BANK, CREDIT CARD FEES
total $29,148 · management and general $25,968 · fundraising $3,180
-
24d · Other expenses: FILING FEES
total $10,240 · management and general $10,240
-
24e · All other expenses
total $344 · management and general $344
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $620,976 · end of year $293,827
-
2 · Savings and temporary cash investments
end of year $1,038,182
-
3 · Pledges and grants receivable
beginning of year $842,404 · end of year $5,005,360
-
4 · Accounts receivable
beginning of year $597 · end of year $5,609
-
5 · Loans and receivables from officers and key people
beginning of year $48,735
-
6 · Loans and receivables from disqualified persons
end of year $32,982
-
9 · Prepaid expenses and deferred charges
beginning of year $26,571 · end of year $20,126
-
10a · Land, buildings and equipment: cost or other basis
$65,616
-
10b · Land, buildings and equipment: accumulated depreciation
$59,944
-
10c · Land, buildings and equipment, net
beginning of year $1,600 · end of year $5,672
-
11 · Investments: publicly traded securities
beginning of year $15,465,692 · end of year $16,127,847
-
15 · Other assets
beginning of year $323,500 · end of year $430,553
-
17 · Accounts payable and accrued expenses
beginning of year $124,545 · end of year $144,816
-
18 · Grants payable
beginning of year $73,250 · end of year $73,076
-
19 · Deferred revenue
end of year $5,850
-
25 · Other liabilities
beginning of year $329,252 · end of year $288,841
-
27 · Net assets without donor restrictions
beginning of year $10,791,279 · end of year $15,899,256
-
28 · Net assets with donor restrictions
beginning of year $6,011,749 · end of year $6,548,319
Mission and programs · 2024
Mission
THE MISSION OF THE AMERICAN OSTEOPATHIC FOUNDATION IS TO SUPPORT PROGRAMS AND SERVICES THAT PROMOTE OSTEOPATHIC MEDICINE AND ENHANCE PATIENT-CENTERED CARE.
Activities or mission (Part I)
TO SUPPORT PROGRAMS AND SERVICES THAT PROMOTE OSTEOPATHIC MEDICINE AND ENHANCE PATIENT-CENTERED CARE. THE AOF HAS WORKED DILIGENTLY TOWARD REALIZING ITS VISION, TO ENRICH GLOBAL HEALTH BY PROMOTING OSTEOPATHIC MEDICINE. THE AOF IS ENERGIZED AND INSPIRED TO ACCOMPLISH THIS THROUGH ITS MISSION, TO SUPPORT PHILANTHROPIC ACTIVITIES THAT PROMOTE AND ENHANCE THE OSTEOPATHIC PROFESSION. THROUGH THE SUPPORT OF LEADERSHIP, THE DEDICATION AND FORESIGHT OF THE AOF BOARD OF DIRECTORS, AND THE GENEROSITY OF THE FOUNDATION'S LOYAL DONORS, THE AOF PROUDLY SERVES AS THE PHILANTHROPIC PARTNER FOR THE OSTEOPATHIC PROFESSION, THE ASSOCIATION AND THE AFFILIATES. AOF HAS MADE A DIFFERENCE IN THE LIVES OF MANY WITHIN THE PROFESSION AND CONTINUES TO INCREASE THE NUMBER OF AWARDS GIVEN, GRANTS EXTENDED, SCHOLARSHIPS AWARDED, AND SERVICES PROVIDED THAT ENHANCE AND BENEFIT OSTEOPATHIC STUDENTS, RESIDENTS, PHYSICIANS - AND THE PATIENTS THEY SO HONORABLY SERVE.
-
FOR 74 YEARS, THE AMERICAN OSTEOPATHIC FOUNDATION (AOF) HAS OPERATED AS THE CHARITABLE HEART OF THE OSTEOPATHIC PROFESSION. AOF ACCOMPLISHES THIS BY PROVIDING FINANCIAL SUPPORT TO PROMOTE, ENCOURAGEAND DISSEMINATE THE PRINCIPLES AND PRACTICE OF OSTEOPATHIC MEDICINE. THE AOF IS THE ONLY NATIONAL OSTEOPATHIC FOUNDATION THAT SUPPORTS AND INVESTS IN THE WHOLE PROFESSION BY RECOGNIZING OSTEOPATHIC STUDENTS, RESIDENTS AND PRACTICING PHYSICIANS BASED ON PROFESSIONAL MERIT.EDUCATION: THE AMERICAN OSTEOPATHIC FOUNDATION (AOF) PROVIDES EDUCATIONAL SCHOLARSHIPS TO OSTEOPATHIC MEDICAL STUDENTS IN AN EFFORT TO DEFRAY COSTS OF MEDICAL SCHOOL.
Expenses $659,987 · Grants $325,998 · Revenue $4,161
-
RECOGNITION AWARDS: THE AOF'S INDUSTRY RECOGNITION AWARDS CELEBRATE EXCELLENCE IN EDUCATION, RESEARCH, AND ACADEMIC LEADERSHIP THROUGHOUT TO THE OSTEOPATHIC PROFESSION.
Expenses $181,363 · Grants $54,745
-
RESEARCH: AOF SUPPORTS OSTEOPATHIC RESEARCHERS WHO EXPLORE NEW MEDICAL INSIGHTS AND MODALITIES TO ENHANCE PATIENT CENTERED CARE. AOF GRANTS PRIMARILY SUPPORT EARLY INVESTIGATORS AND MEDICAL STUDENTS TO ENCOURAGE THE PURSUIT OF KNOWLEDGE THROUGHOUT THEIR CAREERS.
Expenses $288,140 · Grants $129,200 · Revenue $10,000
-
INTERNATIONAL HUMANITARIAN OUTREACH: THE AOF PROVIDES GRANTS TO HELP DEFRAY INTERNATIONAL TRAVEL COSTS FOR MEMBERS OF THE OSTEOPATHIC PROFESSION WHO PROVIDE MEDICAL SUPPORT TO UNDERSERVED, UNDERDEVELOPED AND/OR DISASTER-STRICKEN AREAS ACROSS THE WORLD. THIS GRANT PROGRAM BRINGS MEDICAL ATTENTION TO TENS OF THOUSANDS OF PATIENTS WHO MAY HAVE OTHERWISE GONE WITHOUT CARE. AN EXPANSION OF THE INTERNATIONAL HUMANITARIAN OUTREACH PROGRAM INCLUDES GRANTS TO DOMESTIC ORGANIZATIONS RUN BY AN OSTEOPATHIC PHYSICIAN(S) THAT TREAT PATIENTS THROUGHOUT THE YEAR IN A FOREIGN COUNTRY(S). ORIGINALLY INCORPORATED INTO AOF'S PORTFOLIO TO PROVIDE MEDICAL AID FOLLOWING THE PANDEMIC, MULTI-YEAR INTERNATIONAL GRANTS ARE NOW PART OF THE OVERALL PROGRAM.
Expenses $57,419 · Grants $33,255
-
COMMUNITY SERVICE: THE AOF OFFERS GRANTS TO SUPPORT OSTEOPATHIC EFFORTS THAT PROVIDE COMMUNITY WELLNESS SERVICES AND/OR ACCESSIBLE CARE IN LOCAL COMMUNITIES.
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
JOSEPH ZAMMUTO DO
PRESIDENT
- Total calculated
- $0
- Hours/week
- 5
-
SCOTT CYRUS DO
PRESIDENT ELECT
- Total calculated
- $0
- Hours/week
- 3
-
DAWN TARTAGLIONE DO
IMMEDIATE PAST PRESIDENT
- Total calculated
- $0
- Hours/week
- 3
-
SEGER MORRIS DO
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 2
-
JULIEANNE SEES DO
TREASURER
- Total calculated
- $0
- Hours/week
- 2 + 1 related
-
JILL HELENBROOK
SECRETARY
- Total calculated
- $0
- Hours/week
- 2
-
BARBARA ROSS-LEE DO
PAST PRESEIDENT
- Total calculated
- $0
- Hours/week
- 2
-
JEFFREY GROVE DO
PAST PRESEIDENT
- Total calculated
- $0
- Hours/week
- 2
-
JEFFREY HEATHERINGTON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
THOMAS WALLACE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
JOHN KOWALCZYK DO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
LINDA SAULNIER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
SONBOL SHAHID-SALLES DO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
SONIA RIVERA-MARTINEZ DO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2 + 1 related
-
WENDY MCDONALD RN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
KRIS NICHOLOFF
DIRECTOR (THROUGH 12/2/2024)
- Total calculated
- $0
- Hours/week
- 3
-
SHANE SERGENT DO
DIRECTOR (THROUGH 8/31/2024)
- Total calculated
- $0
- Hours/week
- 2
-
THOMAS QUINN DO
DIRECTOR (THROUGH 9/3/2024)
- Total calculated
- $0
- Hours/week
- 2
-
ATHENA MASI
STUDENT DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
SHEREECE DOVE
STUDENT DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
RITA FORDEN
CHIEF EXECUTIVE OFFICER
- Total calculated
- $324,826
- From this org
- $303,228
- From related orgs
- $0
- Other
- $21,598
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $303,228
- Bonus
- $0
- Other
- $0
- Deferred
- $21,255
- Nontaxable benefits
- $343
- Filer's total
- $324,826
-
RICHARD BLAIR
CHIEF FINANCIAL OFFICER, CO-TREASURER
- Total calculated
- $176,147
- From this org
- $142,678
- From related orgs
- $0
- Other
- $33,469
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $142,678
- Bonus
- $0
- Other
- $0
- Deferred
- $10,694
- Nontaxable benefits
- $22,775
- Filer's total
- $176,147
-
TERESA SANDERS
DEVELOPMENT DIRECTOR
- Total calculated
- $133,564
- From this org
- $110,346
- From related orgs
- $0
- Other
- $23,218
- Hours/week
- 40
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
- 3 · Compensation committee
- 3 · Form 990 of other organizations
- 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
- 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
-
AMERICAN OSTEOPATHIC ASSOCIATION
$30,000
EDUCATIONAL GRANT HEALTH POLICY FELLOWSHIP PROGRAM
-
$25,000
COMMUNITY SERVICES GRANT
-
COMMUNITY SERVICES GRANT
-
RESEARCH GRANT
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.
-
AMERICAN OSTEOPATHIC ASSOCIATION
501(C)(3) · SERVES AS THE PROFESSIONAL HOME FOR OSTEOPATHIC PHYSICIANS AND STUDENTS · IL
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 28 April 2025
- IRS schema version
- 2024v5.1
- Source object
- 202541199349302259
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