American Academy Of Osteopathy
- Assets
- $3.0m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 6
- Location
- Indianapolis, IN
- Founding
- 04/1949
- Data as of
- 07/2020
- EIN
- 06-0719100
Organization Overview
American Academy Of Osteopathy is located in Indianapolis, IN. The organization was established in 1949. As of 07/2021, American Academy Of Osteopathy employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Academy Of Osteopathy is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 07/2020, American Academy Of Osteopathy generated $1.4m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.9%) each year. All expenses for the organization totaled $1.4m during the year ending 07/2020. As we would expect to see with falling revenues, expenses have declined by (2.0%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO TEACH, ADVOCATE, AND RESEARCH THE SCIENCE, ART AND PHILOSOPHY OF OSTEOPATHIC MEDICINE
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION - THE ACADEMY PROVIDES FOR THE CONTINUING PROFESSIONAL DEVELOPMENT AND PRACTICE DEMANDS OF THE OSTEOPATHIC INDUSTRY THROUGH VARIOUS COURSES AND SEMINARS INCLUDING A CONVOCATION AND CONVENTION. ALL INCOME FROM EDUCATION PROGRAMS IS RECOGNIZED WHEN THE PROGRAM IS HELD.
FOR A RESEARCH STUDY TITLED PATIENT-REPORTED ADVERSE EVENTS FROM OSTEOPATHIC MANIPULATIVE TREATMENT
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sherri L Quarles Executive Director | Officer | 40 | $100,630 |
Paul R Rennie DO Faao President | OfficerTrustee | 1 | $0 |
Richard G Schuster DO President Elect | OfficerTrustee | 1 | $0 |
Kendi L Hensel DO PHD Immediate Past President | OfficerTrustee | 1 | $0 |
Judith A O'connell DO Faao Mha Mha Sec - Treas | OfficerTrustee | 1 | $0 |
Kurt P Heinking DO Faao Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $31,998 |
| Investment income | $79,782 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $3,768 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,414,213 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $158,010 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $135,702 |
| Pension plan accruals and contributions | $12,423 |
| Other employee benefits | $89,722 |
| Payroll taxes | $22,422 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $105,997 |
| Advertising and promotion | $1,625 |
| Office expenses | $25,531 |
| Information technology | $23,004 |
| Royalties | $0 |
| Occupancy | $105,504 |
| Travel | $41,631 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $165,150 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $28,899 |
| Insurance | $8,790 |
| All other expenses | $0 |
| Total functional expenses | $1,376,044 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $56,320 |
| Savings and temporary cash investments | $138,956 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $35,211 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $20,154 |
| Prepaid expenses and deferred charges | $17,000 |
| Investments—publicly traded securities | $2,608,307 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $8,384 |
| Total assets | $2,978,879 |
| Accounts payable and accrued expenses | $114,180 |
| Grants payable | $0 |
| Deferred revenue | $220,775 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $165,186 |
| Total liabilities | $500,141 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $2,478,738 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that American Academy Of Osteopathy has recieved totaling $25,000.
| Awarding Organization | Amount |
|---|---|
Three Cords Foundation Reston, VA PURPOSE: NICHOLAS FUND TO SUPPORT STUDENT SCHOLARSHIPS FOR CONVOCATION PARTICIPATION | $25,000 |
Endowment Analysis
| Beg. Balance | $2,426,795 |
| Earnings | $394,070 |
| Other Expense | $58,600 |
| Ending Balance | $2,762,265 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Academy Of Pediatric Dentistry Foundation Chicago, IL | $18,461,594 | $1,411,043 |
American Academy Of Osteopathy Indianapolis, IN | $2,978,879 | $1,414,213 |
American Board Of Nuclear Medicine Inc St Louis, MO | $4,831,116 | $1,105,690 |
American College Of Prosthodontists Education Foundation Chicago, IL | $9,971,320 | $739,315 |
Association For Academic Psychiatry Ltd Elmhurst, IL | $441,150 | $281,599 |
Indiana Psychiatric Society Indianapolis, IN | $182,278 | $0 |
American Board Of Clinical Neurophysiology Inc Springfield, IL | $57,918 | $0 |
Springfield Dental Foundation Springfield, MO | $28,807 | $0 |
American Endodontic Society Glen Ellyn, IL | $31,896 | $0 |
American Academy Of Clinical Psychiatrists Kohler, WI | $231,134 | $70,407 |