American Academy Of Family Physicians
- Assets
- $1.6m
- Revenue
- $2.1m
- Investments
- $114.5k
- Employees
- 19
- Location
- Trenton, NJ
- Founding
- 02/1950
- Data as of
- 12/2022
- EIN
- 22-6063156
Organization Overview
American Academy Of Family Physicians is located in Trenton, NJ. The organization was established in 1950. According to its NTEE Classification (E03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Health Care and related organizations. As of 12/2022, American Academy Of Family Physicians employed 19 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. American Academy Of Family Physicians 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 12/2022, American Academy Of Family Physicians generated $2.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (7.7%) each year. All expenses for the organization totaled $2.0m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (7.6%) per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTE EXCELLENCE IN FAMILY MEDICINE TO BENEFIT THE CITIZENS OF THE STATE OF NEW JERSEY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ANNUAL CONFERENCE - HOST AN ANNUAL CONFERENCE TO PROVIDE FAMILY PHYSICIANS AND OTHER HEALTHCARE PROFESSIONALS (PAS, NPS, RNS, LPNS), RESIDENTS, MEDICAL STUDENTS AND ADMINISTRATIVE SUPPORT STAFF WITH A COMPREHENSIVE DEEP DIVE INTO CURRENT DISEASE MANAGEMENT, DIAGNOSIS, AND TREATMENT OPTIONS FOCUSED ON PROVIDING TOOLS AND GUIDELINES FOR THE ENTIRE HEALTHCARE TEAM TO BOOST AND IMPROVE PATIENT OUTCOMES.
HEALTHCARE TRANSFORMATION - NJAFP SEEKS TO PROMOTE HEALTHCARE TRANSFORMATION, INCLUDING PRACTICE TRANSFORMATION AND QUALITY IMPROVEMENT, THROUGH RESEARCH AND EDUCATION, COACHING, PROGRAM SUPPORT, AND THE PROMOTION OF OTHER PATIENT CENTERED SERVICES AND IS A ACCREDITED PROVIDER OF CONTINUING MEDICAL EDUCATION BY THE ACCREDITATION COUNCIL FOR CONTINUING MEDIAL EDUCATION (ACCME).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael A Cascarina Board Chair | OfficerTrustee | 2 | $0 |
Kelly G Ussery-Kronhaus President | OfficerTrustee | 2 | $0 |
Sally Ann Mravcak President-Elect | OfficerTrustee | 2 | $0 |
Sara B Leonard Vice President | OfficerTrustee | 2 | $0 |
Kenneth Kronhaus Treasurer | OfficerTrustee | 2 | $0 |
Kevin Berg Secretary | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $347,407 |
| All other contributions, gifts, grants, and similar amounts not included above | $13,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $360,407 |
| Total Program Service Revenue | $544,393 |
| Investment income | $3,220 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,054,372 |
| 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. | $435,929 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $555,979 |
| Pension plan accruals and contributions | $11,597 |
| Other employee benefits | $127,606 |
| Payroll taxes | $83,009 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $16,500 |
| Fees for services: Lobbying | $66,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $192 |
| Fees for services: Other | $293,578 |
| Advertising and promotion | $605 |
| Office expenses | $14,936 |
| Information technology | $18,504 |
| Royalties | $0 |
| Occupancy | $69,183 |
| Travel | $16,823 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $45,567 |
| Interest | $15,964 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $18,816 |
| Insurance | $11,695 |
| All other expenses | $49,606 |
| Total functional expenses | $1,952,472 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $602,101 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $314,896 |
| 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 | $23,446 |
| Net Land, buildings, and equipment | $570,338 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $114,493 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,625,274 |
| Accounts payable and accrued expenses | $406,607 |
| Grants payable | $0 |
| Deferred revenue | $848,396 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $25,629 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $232,131 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,512,763 |
| Net assets without donor restrictions | $112,511 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $1,625,274 |