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Nonprofiteer
← ASSOCIATION OF AMERICAN MEDICAL COLLEGES

Form 990 for tax year 2023

Filed by ASSOCIATION OF AMERICAN MEDICAL COLLEGES.

Totals

Total revenue
$303,745,429
Total expenses
$285,777,012
Contributions and grants received
$3,305,389
Grants paid
$1,791,409
Program service revenue
$274,350,486
Investment income
$25,139,379
Other revenue
$950,175
Total assets, end of year
$668,600,140
Total liabilities, end of year
$239,081,356
Net assets or fund balances, end of year
$429,518,784
Program services expenses (Part IX)
$249,739,239
Management and general expenses
$33,197,916
Fundraising expenses
$2,839,857
Program service expenses (Part III)
$249,739,239

Program services were 87.4% 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.

  • 1e · Government grants (contributions)

    $1,783,442

  • 1f · All other contributions, gifts and grants

    $1,521,947

  • 2a · Program service revenue: ERAS

    total $126,105,395 · related or exempt $126,105,395

  • 2b · Program service revenue: MCAT

    total $48,837,223 · related or exempt $48,837,223

  • 2c · Program service revenue: AMCAS

    total $40,862,885 · related or exempt $40,862,885

  • 2d · Program service revenue: MEMBERSHIP DUES

    total $19,501,842 · related or exempt $19,501,842

  • 2e · Program service revenue: MEETING & WORKSHOPS

    total $15,045,954 · related or exempt $15,045,954

  • 2f · All other program service revenue

    total $23,997,187 · related or exempt $23,951,937 · unrelated business $45,250

  • 3 · Investment income

    total $11,818,001 · unrelated business $10,155 · excluded $11,807,846

  • 6a · Gross rents

    real property $1,978,595

  • 6b · Less rental expenses

    real property $3,279,380

  • 6c · Rental income or loss

    real property -$1,300,785

  • 6d · Net rental income or loss

    total -$1,300,785 · excluded -$1,300,785

  • 7a · Gross sales of assets other than inventory

    securities $55,455,419

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

    securities $42,134,041

  • 7c · Gain or loss

    securities $13,321,378

  • 7d · Net gain or loss

    total $13,321,378 · excluded $13,321,378

  • 11a · Other revenue: OTHER

    total $1,927,717 · related or exempt $1,927,717

  • 11b · Other revenue: JOB BOARD

    total $323,243 · unrelated business $323,243

  • 11e · Other revenue, total

    $2,250,960

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,785,909 · program services $1,785,909

  • 3 · Grants to foreign organizations and individuals

    total $5,500 · program services $5,500

  • 5 · Compensation of officers, directors and key employees

    total $13,695,328 · program services $11,957,391 · management and general $1,600,984 · fundraising $136,953

  • 7 · Other salaries and wages

    total $99,006,561 · program services $86,442,628 · management and general $11,573,867 · fundraising $990,066

  • 8 · Pension plan contributions

    total $9,990,504 · program services $8,722,709 · management and general $1,167,890 · fundraising $99,905

  • 9 · Other employee benefits

    total $11,864,674 · program services $10,359,047 · management and general $1,386,980 · fundraising $118,647

  • 10 · Payroll taxes

    total $7,710,426 · program services $6,731,973 · management and general $901,349 · fundraising $77,104

  • 11b · Fees: legal

    total $416,261 · program services $363,437 · management and general $48,661 · fundraising $4,163

  • 11c · Fees: accounting

    total $461,218 · program services $402,690 · management and general $53,916 · fundraising $4,612

  • 11d · Fees: lobbying

    total $2,303,669 · program services $2,011,333 · management and general $269,299 · fundraising $23,037

  • 11f · Fees: investment management

    total $863,183 · program services $753,645 · management and general $100,906 · fundraising $8,632

  • 11g · Fees: other

    total $63,722,035 · program services $55,635,709 · management and general $7,449,106 · fundraising $637,220

  • 12 · Advertising and promotion

    total $296,573 · program services $258,938 · management and general $34,669 · fundraising $2,966

  • 13 · Office expenses

    total $6,637,419 · program services $5,795,131 · management and general $775,914 · fundraising $66,374

  • 14 · Information technology

    total $20,434,090 · program services $17,841,004 · management and general $2,388,745 · fundraising $204,341

  • 16 · Occupancy

    total $3,354,969 · program services $2,929,223 · management and general $392,196 · fundraising $33,550

  • 17 · Travel

    total $2,393,970 · program services $2,090,175 · management and general $279,855 · fundraising $23,940

  • 19 · Conferences, conventions and meetings

    total $8,631,293 · program services $7,535,982 · management and general $1,008,998 · fundraising $86,313

  • 20 · Interest

    total $3,100,425 · program services $2,706,981 · management and general $362,440 · fundraising $31,004

  • 22 · Depreciation, depletion and amortization

    total $23,694,894 · program services $20,688,012 · management and general $2,769,933 · fundraising $236,949

  • 23 · Insurance

    total $720,760 · program services $629,295 · management and general $84,257 · fundraising $7,208

  • 24a · Other expenses: EQUIPMENT RENTAL & MAIN

    total $3,692,800 · program services $3,224,184 · management and general $431,688 · fundraising $36,928

  • 24b · Other expenses: MISCELLANEOUS EXPENSES

    total $994,551 · program services $868,343 · management and general $116,263 · fundraising $9,945

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $34,641,985 · end of year $29,385,364

  • 3 · Pledges and grants receivable

    beginning of year $586,545 · end of year $224,554

  • 4 · Accounts receivable

    beginning of year $917,168 · end of year $3,869,563

  • 9 · Prepaid expenses and deferred charges

    beginning of year $12,309,387 · end of year $13,161,201

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

    $424,749,474

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

    $214,728,589

  • 10c · Land, buildings and equipment, net

    beginning of year $205,636,420 · end of year $210,020,885

  • 11 · Investments: publicly traded securities

    beginning of year $317,705,564 · end of year $348,307,508

  • 12 · Investments: other securities

    beginning of year $58,259,408 · end of year $55,259,408

  • 15 · Other assets

    beginning of year $8,286,653 · end of year $8,371,657

  • 17 · Accounts payable and accrued expenses

    beginning of year $45,610,357 · end of year $48,395,258

  • 19 · Deferred revenue

    beginning of year $59,524,092 · end of year $64,143,816

  • 24 · Unsecured notes and loans payable

    beginning of year $131,874,804 · end of year $126,542,282

  • 27 · Net assets without donor restrictions

    beginning of year $397,399,311 · end of year $425,298,065

  • 28 · Net assets with donor restrictions

    beginning of year $3,934,566 · end of year $4,220,719

Mission and programs · 2023

Mission

SEE SCHEDULE O

Activities or mission (Part I)

AAMC LEADS & SERVES THE ACADEMIC MEDICINE COMMUNITY TO IMPROVE THE HEALTH OF PEOPLE EVERYWHERE.

  • INTEGRATED SERVICES: THIS CLUSTER COORDINATES THE ASSOCIATION'S APPLICATION AND TESTING SERVICE PROGRAMS PROVIDED FOR THE BENEFIT OF MEMBER INSTITUTIONS AND THE COLLECTION AND ANALYSIS OF DATA THAT SUPPORT POLICY RESEARCH IN MEDICAL EDUCATION. SERVICE PROGRAMS INCLUDE THE AMERICAN MEDICAL COLLEGE APPLICATION SERVICES, THE MEDICAL COLLEGE ADMISSION TEST, THE ELECTRONIC RESIDENCY APPLICATION SERVICE AND THE VISITING STUDENT APPLICATION SERVICE.

    Expenses $112,997,568 · Revenue $223,170,836

  • POLICY, STRATEGY, AND OUTREACH: THIS CLUSTER HELPS MEMBERS IN MATTERS RELATED TO VISITING STUDENT APPLICATION SERVICE, GOVERNMENTAL RELATIONS, AND COMMUNICATIONS. THE GOVERNMENTAL RELATIONS UNIT ASSISTS THE ASSOCIATION'S MEMBERS AND CONSTITUENTS BY MONITORING LEGISLATION AND REGULATIONS THAT AFFECT ACADEMIC MEDICINE, MEDICAL RESEARCH AND PATIENT CARE, AS WELL AS ADVISING MEMBERS ON INVOLVEMENT IN LEGISLATIVE ACTIVITY AND PARTICIPATING IN COALITIONS WITH OTHER MEMBERS OF THE ACADEMIC AND SCIENTIFIC COMMUNITIES. THE COMMUNICATIONS UNIT DEVELOPS INFORMATION, EDUCATIONAL PROGRAMS, AND PUBLICATIONS FOR MEMBERS, THE PUBLIC AND THE MEDIA. WHILE ADVANCING THE ASSOCIATION'S POSITION ON IMPORTANT ISSUES, THIS UNIT BUILDS AND SUPPORTS COALITIONS TO ENHANCE COMMUNICATION OF IMPORTANT MESSAGES TO TARGETED AUDIENCES.

    Expenses $28,908,492

  • MEMBER LEARNING AND ENGAGEMENT: MAINTAINS THE ASSOCIATION'S MEMBERSHIP AND CONSTITUENT DATABASE, PLANS AND PROVIDES LOGISTICAL SUPPORT FOR MEETINGS AND CONFERENCES, OPERATES THE ASSOCIATION'S REFERENCE CENTER AND ARCHIVES, AND MANAGES PUBLICATIONS ORDERING AND FULFILLMENT.

    Expenses $43,253,896 · Revenue $53,107,367

  • ACADEMIC AFFAIRS: THIS CLUSTER HELPS MEMBER INSTITUTIONS IMPROVE THE EDUCATION OF PHYSICIANS ACROSS THE CONTINUUM OF THEIR CAREERS ENABLING THEM TO BETTER MEET THE CHANGING NEEDS OF THE PUBLIC. PROGRAMS INCLUDE MEDICAL EDUCATION, GRADUATE MEDICAL EDUCATION, MEDICAL SCHOOL AFFAIRS AND ACCREDITATION.HEALTHCARE AFFAIRS: THIS CLUSTER DEVELOPS PROGRAMS AND SERVICES TO HELP SUPPORT MEMBER INSTITUTIONS FOCUS ON THE INTERFACE BETWEEN HEALTHCARE DELIVERY SYSTEM AND ACADEMIC MEDICINE, PAYING PARTICULAR ATTENTION TO HOW HEALTHCARE IN ACADEMIC SETTINGS CAN ADDRESS QUALITY OF CARE AND PATIENT-CENTERED CARE.EQUITY, DIVERSITY AND INCLUSION: THIS UNIT LEADS EFFORTS TO HELP OUR MEMBERS ADVANCE HEALTH EQUITY IN PATIENT CARE, EDUCATION AND RESEARCH THROUGH THE ORGANIZATION'S ABILITY TO USE DIVERSITY FOR INSTITUTIONAL EXCELLENCE. PROGRAMS INCLUDE RESEARCH AND PROFESSIONAL DEVELOPMENT TO INCREASE UNDER-REPRESENTED MINORITIES IN ACADEMIC MEDICINE.SCIENTIFIC AFFAIRS: THIS CLUSTER WORKS TO ENSURE AN ENVIRONMENT IN WHICH BIOMEDICAL AND BEHAVIORAL RESEARCH CAN FLOURISH. THE SUPPLY OF SCIENTIFIC MANPOWER, FUNDING FOR RESEARCH, SCIENTIFIC INTEGRITY, THE RESPONSIBLE AND HUMANE USE OF ANIMALS IN RESEARCH AND EDUCATION, AND RELATIONS WITH INDUSTRY ARE AMONG THIS CLUSTER'S CONCERNS.

    Expenses $64,579,283 · Grants $1,791,409

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

Listed in Part VII

  • DAVID SKORTON MD

    PRESIDENT & CEO

    Total calculated
    $1,594,368
    From this org
    $1,397,050
    From related orgs
    $0
    Other
    $197,318
    Hours/week
    50 + 4 related

    Schedule J breakdown matched by us

    Base
    $1,026,823
    Bonus
    $264,586
    Other
    $105,641
    Deferred
    $165,614
    Nontaxable benefits
    $31,704
    Filer's total
    $1,594,368

  • ROBERT A BARISH MD MBA

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3

  • CATHERINE L COE MD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3

  • HENRI R FORD MD MHA

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3

  • MARC M TRIOLA MD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3

  • JOAN Y REEDE MDMSMPH MBA

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3

  • JULIE A FREISCHLAG MD

    BOARD CHAIR-ELECT

    Total calculated
    $0
    Hours/week
    3

  • ADITYA NARAYAN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    4

  • MARTHA MEG E GAINES JD LLM

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3

  • LOUANN WOODWARD MD

    IMMEDIATE PAST CHAIR

    Total calculated
    $0
    Hours/week
    3

  • MICHAEL WALDRUM MDMSC MBA

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3

  • ADAM C THOMPSON-HARVEY MD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3

  • CHARLES P MOUTON MDMS MBA

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3

  • LEE JONES MD

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    3

  • NITA AHUJA MD MBA

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3

  • DANNY O JACOBS MD MPH FACS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3

  • ARTHUR R DERSE MD JD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3

  • DENNIS MURPHY MHA

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3

  • CARA V JAMES PHD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3

  • JENNIFER HAYASHI MD MPH

    BOARD MEMBER (UNTIL 11/07/2023)

    Total calculated
    $0
    Hours/week
    3

  • KIRK A CALHOUN MD

    BOARD MEMBER (UNTIL 11/07/2023)

    Total calculated
    $0
    Hours/week
    3

  • AVIAD HARAMATI PHD

    BOARD MEMBER (UNTIL 11/07/2023)

    Total calculated
    $0
    Hours/week
    3

  • AMIR MESARWI MBA

    CHIEF FINANCIAL & ADMIN OFFICER

    Total calculated
    $544,042
    From this org
    $480,899
    From related orgs
    $0
    Other
    $63,143
    Hours/week
    50 + 4 related

    Schedule J breakdown matched by us

    Base
    $406,988
    Bonus
    $64,522
    Other
    $9,389
    Deferred
    $41,850
    Nontaxable benefits
    $21,293
    Filer's total
    $544,042

  • ATUL GROVER MD PHD

    EXEC DIR, RESEARCH & ACTION INST

    Total calculated
    $933,457
    From this org
    $878,029
    From related orgs
    $0
    Other
    $55,428
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $689,596
    Bonus
    $109,045
    Other
    $79,388
    Deferred
    $26,400
    Nontaxable benefits
    $29,028
    Filer's total
    $933,457

  • ALISON WHELAN MD

    CHIEF MEDICAL EDUCATION OFFICER

    Total calculated
    $910,997
    From this org
    $849,928
    From related orgs
    $0
    Other
    $61,069
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $699,422
    Bonus
    $108,330
    Other
    $42,176
    Deferred
    $33,000
    Nontaxable benefits
    $28,069
    Filer's total
    $910,997

  • JONATHAN JAFFERY

    CHIEF HEALTH CARE AFFAIRS OFFICER

    Total calculated
    $870,045
    From this org
    $777,634
    From related orgs
    $0
    Other
    $92,411
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $649,230
    Bonus
    $125,190
    Other
    $3,214
    Deferred
    $63,603
    Nontaxable benefits
    $28,808
    Filer's total
    $870,045

  • GABRIELLE CAMPBELL MBA LLM

    CHIEF SERVICES OFFICER

    Total calculated
    $820,724
    From this org
    $767,107
    From related orgs
    $0
    Other
    $53,617
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $626,696
    Bonus
    $96,164
    Other
    $44,247
    Deferred
    $33,000
    Nontaxable benefits
    $20,617
    Filer's total
    $820,724

  • DIANA BOURKE

    CHIEF STRAT OPS & DATA OFFICER

    Total calculated
    $732,812
    From this org
    $672,432
    From related orgs
    $0
    Other
    $60,380
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $552,953
    Bonus
    $86,480
    Other
    $32,999
    Deferred
    $33,000
    Nontaxable benefits
    $27,380
    Filer's total
    $732,812

  • DAVID ACOSTA MD

    CHIEF DIV & INCLUSION OFFICER

    Total calculated
    $683,317
    From this org
    $632,008
    From related orgs
    $0
    Other
    $51,309
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $517,034
    Bonus
    $79,599
    Other
    $35,375
    Deferred
    $26,400
    Nontaxable benefits
    $24,909
    Filer's total
    $683,317

  • FRANK TRINITY JD

    CHIEF LEGAL OFFICER

    Total calculated
    $677,642
    From this org
    $606,252
    From related orgs
    $0
    Other
    $71,390
    Hours/week
    50 + 4 related

    Schedule J breakdown matched by us

    Base
    $494,721
    Bonus
    $78,619
    Other
    $32,912
    Deferred
    $33,000
    Nontaxable benefits
    $38,390
    Filer's total
    $677,642

  • DANIELLE TURNIPSEED

    CHIEF PUBLIC POLICY OFFICER

    Total calculated
    $633,726
    From this org
    $603,345
    From related orgs
    $0
    Other
    $30,381
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $519,153
    Bonus
    $80,855
    Other
    $3,337
    Deferred
    $19,444
    Nontaxable benefits
    $10,937
    Filer's total
    $633,726

  • JENNIFER SCHLENER

    CHIEF OF STAFF

    Total calculated
    $609,710
    From this org
    $548,838
    From related orgs
    $0
    Other
    $60,872
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $460,470
    Bonus
    $72,530
    Other
    $15,838
    Deferred
    $33,000
    Nontaxable benefits
    $27,872
    Filer's total
    $609,710

  • ROSS MCKINNEY MD

    CHIEF SCIEN OFF (UNTIL 11/03/23)

    Total calculated
    $617,615
    From this org
    $555,177
    From related orgs
    $0
    Other
    $62,438
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $423,962
    Bonus
    $75,885
    Other
    $55,330
    Deferred
    $33,000
    Nontaxable benefits
    $29,438
    Filer's total
    $617,615

  • STEVE LOPEZ PHD MBA

    CHIEF INFORMATION OFFICER

    Total calculated
    $593,132
    From this org
    $529,307
    From related orgs
    $0
    Other
    $63,825
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $399,359
    Bonus
    $124,800
    Other
    $5,148
    Deferred
    $40,733
    Nontaxable benefits
    $23,092
    Filer's total
    $593,132

  • CONSTANCE FILLING EDD

    CHIEF LEARNING OFFICER

    Total calculated
    $573,482
    From this org
    $517,271
    From related orgs
    $0
    Other
    $56,211
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $430,756
    Bonus
    $66,485
    Other
    $20,030
    Deferred
    $33,000
    Nontaxable benefits
    $23,211
    Filer's total
    $573,482

  • SUSAN CATO

    CHIEF COMM & MARKETING OFFICER

    Total calculated
    $484,704
    From this org
    $431,793
    From related orgs
    $0
    Other
    $52,911
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $363,951
    Bonus
    $62,787
    Other
    $5,055
    Deferred
    $37,516
    Nontaxable benefits
    $15,395
    Filer's total
    $484,704

  • STEVEN KANTER MD

    ADVISOR TO THE PRESIDENT

    Total calculated
    $670,312
    From this org
    $614,220
    From related orgs
    $0
    Other
    $56,092
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $589,753
    Bonus
    $0
    Other
    $24,467
    Deferred
    $33,000
    Nontaxable benefits
    $23,092
    Filer's total
    $670,312

  • ROSHA MCCOY

    SR DIR ADV CLINIC LDRSHP & QUAL

    Total calculated
    $443,525
    From this org
    $393,349
    From related orgs
    $0
    Other
    $50,176
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $349,538
    Bonus
    $30,796
    Other
    $13,015
    Deferred
    $33,000
    Nontaxable benefits
    $17,176
    Filer's total
    $443,525

  • HEATHER PIERCE

    SR DIR SCI POLICY & REG COUNSEL

    Total calculated
    $435,656
    From this org
    $383,394
    From related orgs
    $0
    Other
    $52,262
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $361,306
    Bonus
    $15,029
    Other
    $7,059
    Deferred
    $33,000
    Nontaxable benefits
    $19,262
    Filer's total
    $435,656

  • BILL MALLON

    SR DIR STRAT & INNOV DVLPMNT

    Total calculated
    $432,244
    From this org
    $376,264
    From related orgs
    $0
    Other
    $55,980
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $359,505
    Bonus
    $7,000
    Other
    $9,759
    Deferred
    $33,000
    Nontaxable benefits
    $22,980
    Filer's total
    $432,244

  • VERONICA CATANESE

    SR DIR ACCRED SVS & LCME SEC

    Total calculated
    $433,817
    From this org
    $384,990
    From related orgs
    $0
    Other
    $48,827
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $365,083
    Bonus
    $5,000
    Other
    $14,907
    Deferred
    $26,400
    Nontaxable benefits
    $22,427
    Filer's total
    $433,817

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 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 7 · Other non-fixed payments

Answered no

  • 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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 1A
THE AAMC COMPENSATION COMMITTEE HAS APPROVED CERTAIN FIRST-CLASS TRAVEL FOR THE CEO. FIRST-CLASS TRAVEL IS PERMITTED FOR FLIGHTS OVER TWO HOURS. CLUB DUES ARE PAID ON BEHALF OF THE CEO. THE CLUB MEMBERSHIP IS USED PREDOMINANTLY FOR ASSOCIATION BUSINESS PURPOSES. ALL CLUB MEMBERSHIP ACTIVITIES DURING THE 2023 TAX YEAR WERE FOR BUSINESS PURPOSES AND THEREFORE NOT TAXABLE INCOME. THE BENEFITS WILL BE TREATED AS TAXABLE INCOME WHEN APPROPRIATE.
PART I, LINES 4A-B
4B: AAMC ESTABLISHED A NONQUALIFIED DEFERRED COMPENSATION PLAN ('457(F) RETENTION PLAN') THAT EMPLOYEES AND OFFICERS COULD PARTICIPATE IN IF THEY MET CERTAIN ELIGIBILITY REQUIREMENTS. ALL PARTICIPATION WAS REPORTED AS RETIREMENT AND DEFERRED COMPENSATION ON SCHEDULE J, PART II, COLUMN C (II) AS FOLLOWS: 457(F) PLAN: DAVID SKORTON, MD - $110,114 AMIR MESARWI, MBA - $8,850 STEVE LOPEZ, PHD, MBA - $7,733 JONATHAN JAFFERY - $33,395 DANIELLE TURNIPSEED - $19,444 SUSAN CATO - $4,516
PART I, LINE 7
AAMC PROVIDES BONUSES TO SELECT EMPLOYEES TO RECOGNIZE EXTRAORDINARY EFFORTS ON BEHALF OF THE ORGANIZATION.

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.

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.

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.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • ASSOC OF ACADEMIC HEALTH CENTERS INTL

    SUPPORT ACADEMIC HEALTH · DC · income $0 · assets $0

    Directly controlled by AAMC

Provenance

Return type
form_990
Tax year
2023
Filed
11 February 2025
IRS schema version
2023v6.0
Source object
202530459349301918

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.