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← AMERICAN ACADEMY OF FAMILY PHYSICIANS

Form 990 for tax year 2023

Filed by AMERICAN ACADEMY OF FAMILY PHYSICIANS.

Totals

Total revenue
$4,855,762
Total expenses
$5,483,973
Contributions and grants received
$0
Grants paid
$1,080,000
Program service revenue
$4,056,939
Investment income
$657,872
Other revenue
$140,951
Total assets, end of year
$10,185,200
Total liabilities, end of year
$1,466,568
Net assets or fund balances, end of year
$8,718,632
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
$0

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 $1,773,565 · related or exempt $1,773,565

  • 2b · Program service revenue: Education programs

    total $1,648,147 · related or exempt $1,648,147

  • 2c · Program service revenue: Conference revenue

    total $635,227 · related or exempt $635,227

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $656,188 · excluded $656,188

  • 6a · Gross rents

    real property $245,461

  • 6b · Less rental expenses

    real property $159,715

  • 6c · Rental income or loss

    real property $85,746 · personal property $0

  • 6d · Net rental income or loss

    total $85,746 · excluded $85,746

  • 7a · Gross sales of assets other than inventory

    securities $11,991,846

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

    securities $11,990,162

  • 7c · Gain or loss

    securities $1,684 · other assets $0

  • 7d · Net gain or loss

    total $1,684 · excluded $1,684

  • 11a · Other revenue: Miscellaneous Revenue

    total $55,205 · related or exempt $55,205

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $55,205

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,080,000

  • 5 · Compensation of officers, directors and key employees

    total $375,040

  • 7 · Other salaries and wages

    total $696,696

  • 8 · Pension plan contributions

    total $64,329

  • 9 · Other employee benefits

    total $71,569

  • 10 · Payroll taxes

    total $76,549

  • 11c · Fees: accounting

    total $37,375

  • 11d · Fees: lobbying

    total $212,490

  • 11g · Fees: other

    total $93,070

  • 12 · Advertising and promotion

    total $49,349

  • 13 · Office expenses

    total $293,853

  • 14 · Information technology

    total $69,691

  • 16 · Occupancy

    total $65,341

  • 17 · Travel

    total $135,778

  • 22 · Depreciation, depletion and amortization

    total $28,652

  • 23 · Insurance

    total $8,038

  • 24a · Other expenses: Education Program Expenses

    total $1,620,422

  • 24b · Other expenses: WORKSHOP EXPENSES

    total $478,899

  • 24c · Other expenses: other expenses

    total $26,832

  • 24e · All other expenses

    total $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $520,552 · end of year $423,552

  • 2 · Savings and temporary cash investments

    beginning of year $92,732 · end of year $277,464

  • 4 · Accounts receivable

    beginning of year $472,235 · end of year $7,597

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $228,470 · end of year $98,950

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

    $3,081,803

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

    $1,683,739

  • 10c · Land, buildings and equipment, net

    beginning of year $1,446,726 · end of year $1,398,064

  • 11 · Investments: publicly traded securities

    beginning of year $7,902,717 · end of year $7,701,573

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 14 · Intangible assets

    beginning of year $278,000 · end of year $278,000

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $781,574 · end of year $370,616

  • 19 · Deferred revenue

    beginning of year $988,594 · end of year $1,095,952

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $0 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $9,171,264 · end of year $8,718,632

Mission and programs · 2023

Mission

The Texas Academy of Family Physicians is dedicated to the promotion of a health care environment that values the vital role of family physicians in providing quality, comprehensive care to all Texans.

Activities or mission (Part I)

The Texas Academy of Family Physicians unites the family physicians of Texas through advocacy, education and member services, and empowers them to provide a medical home for patients of all ages.

  • Equipping family physician members to improve the health of patients and their families and to advance and represent the specialty of family practice.

As filed on the 2023 return.

Listed in Part VII

  • Adrian Billings MD

    Parliamentarian

    Total calculated
    $0
    Hours/week
    1

  • Ikemefuna Okwuwa MD FAAFP

    Treasurer

    Total calculated
    $0
    Hours/week
    1

  • Lindsay K Botsford MD MBA FAAFP

    President-elect

    Total calculated
    $0
    Hours/week
    1

  • Mary Nguyen MD FAAFP

    Board Chair

    Total calculated
    $0
    Hours/week
    1

  • Terrance S Hines MD FAAFP

    President

    Total calculated
    $0
    Hours/week
    1

  • Angie Macias MD

    Resident Director

    Total calculated
    $0
    Hours/week
    1

  • Ashley Mai

    Student Director

    Total calculated
    $0
    Hours/week
    1

  • Ashok Kumar MD FAAFP

    Director

    Total calculated
    $0
    Hours/week
    1

  • Brian D Jones MD CPE FAAFP

    Director

    Total calculated
    $0
    Hours/week
    1

  • Farron Hunt MD FAAFP

    Director

    Total calculated
    $0
    Hours/week
    1

  • Lane Aiena MD

    Director

    Total calculated
    $0
    Hours/week
    1

  • Rashmi Rode MD FAAFP

    Director

    Total calculated
    $0
    Hours/week
    1

  • Sherri Onyiego MD PhD

    Director

    Total calculated
    $0
    Hours/week
    1

  • Tricia Elliot MD

    Director

    Total calculated
    $0
    Hours/week
    1

  • Vicky Webb MD MBA FAAFP

    Director

    Total calculated
    $0
    Hours/week
    1

  • Thomas L Banning

    CEO

    Total calculated
    $368,711
    From this org
    $306,050
    From related orgs
    $0
    Other
    $62,661
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $261,200
    Bonus
    $44,850
    Other
    $0
    Deferred
    $30,605
    Nontaxable benefits
    $32,056
    Filer's total
    $368,711

  • Jonathan Nelson

    Director of Communications

    Total calculated
    $156,888
    From this org
    $132,218
    From related orgs
    $0
    Other
    $24,670
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $120,199
    Bonus
    $12,019
    Other
    $0
    Deferred
    $13,222
    Nontaxable benefits
    $11,448
    Filer's total
    $156,888

  • Kathy McCarthy

    COO

    Total calculated
    $267,891
    From this org
    $232,865
    From related orgs
    $0
    Other
    $35,026
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $211,696
    Bonus
    $21,169
    Other
    $0
    Deferred
    $23,578
    Nontaxable benefits
    $11,448
    Filer's total
    $267,891

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 · Independent compensation consultant
  • 3 · Written employment contract
  • 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

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.

  • NPI Acquisitions LLC

    Provides continuing education to physicians · TX · income $635,227 · assets $430,568

    Directly controlled by Texas Academy of Family Physicians

Provenance

Return type
form_990
Tax year
2023
Filed
10 July 2025
IRS schema version
2023v6.0
Source object
202521919349301222

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