American Academy Of Insurance Medicine
- Assets
- $910.6k
- Revenue
- $270.1k
- Investments
- $899.7k
- Employees
- 0
- Location
- Founding
- 06/1944
- Data as of
- 12/2021
- EIN
- 06-6037010
Organization Overview
American Academy Of Insurance Medicine is located in null. The organization was established in 1944. According to its NTEE Classification (E03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Academy Of Insurance Medicine is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2021, American Academy Of Insurance Medicine generated $270.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (8.0%) each year. All expenses for the organization totaled $201.3k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (12.3%) 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE FOR THE ADVANCEMENT OF THE SCIENCE AND PRACTICE OF INSURANCE MEDICINE BY PROVIDING EDUCATIONAL AND COMMUNICATION OPPORTUNITIES FOR ITS MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONFERENCES: PROVIDE A FORUM FOR THE EXCHANGE OF METHODS AND INFORMATION RELATED TO THE PRACTICE OF INSURANCE MEDICINE.
JOURNAL OF INSURANCE MEDICINE: TO DISSEMINATE INFORMATION TO MEMBERS AND INDUSTRY REGARDING THE PRACTICE OF INSURANCE MEDICINE.
WEB PAGE: PROVIDES A FORUM FOR MEMBERS AND OTHER INTERESTED PARTIES IN THE DEVELOPMENT OF INSURANCE MEDICINE.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Wetzel President | Officer | 5 | $0 |
Tim Steffen President-Elect | Officer | 5 | $0 |
Mark Vincent Secretary/treasurer | Officer | 5 | $0 |
Ross Mackenzie Editor | Officer | 5 | $0 |
Nico Van Zyl Vice President | Officer | 5 | $0 |
Jeffrey Henderson Education Vice President | Officer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $97,850 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $50,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $147,850 |
| Total Program Service Revenue | $56,140 |
| Investment income | $25,688 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $38,223 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $270,081 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,850 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $4,265 |
| Fees for services: Other | $80,343 |
| Advertising and promotion | $0 |
| Office expenses | $8,094 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $215 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,488 |
| All other expenses | $10,028 |
| Total functional expenses | $201,260 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $10,913 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $899,658 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $910,571 |
| Accounts payable and accrued expenses | $1,488 |
| Grants payable | $0 |
| Deferred revenue | $5,410 |
| 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 | $1,493 |
| Total liabilities | $8,391 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $902,180 |
| Total liabilities and net assets/fund balances | $910,571 |
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Carleton University Retirement Plan S1s 5b6 | $1,123,255,112 | -$127,365,051 |
Sunnybrook Foundation | $338,541,566 | $82,225,949 |
University Of B C Staff Pension Plan | $2,420,372,547 | $406,852,884 |
Mount Allison University | $300,806,982 | $66,105,843 |