American College Of Physicians Inc
- Assets
- $166.3m
- Revenue
- $66.8m
- Investments
- $0.0
- Employees
- 327
- Location
- Philadelphia, PA
- Founding
- 12/1977
- Data as of
- 06/2020
- EIN
- 23-1520302
Organization Overview
American College Of Physicians Inc is located in Philadelphia, PA. The organization was established in 1977. 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 06/2021, American College Of Physicians Inc employed 327 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. American College Of Physicians Inc 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 06/2020, American College Of Physicians Inc generated $66.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (3.3%) each year. All expenses for the organization totaled $66.8m during the year ending 06/2020. As we would expect to see with falling revenues, expenses have declined by (2.9%) per year over the past 5 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
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
JOURNALS AND PUBLICATIONS: ACP PUBLISHES ANNALS OF INTERNAL MEDICINE TWICE-MONTHLY, THE TOP PEER-REVIEWED INTERNAL MEDICINE JOURNAL IN THE WORLD. ACP JOURNAL CLUB SUMMARIZES THE MOST IMPORTANT MEDICAL ARTICLES FROM MORE THAN 100 JOURNALS. ACP INTERNIST IS AN AWARD-WINNING SEMI-MONTHLY NEWSPAPER FOR INTERNISTS, WHILE ACP HOSPITALIST IS WRITTEN FOR INTERNISTS IN HOSPITAL PRACTICE.
EDUCATION & INFORMATION: ACP PROVIDES EVIDENCE-BASED EDUCATIONAL RESOURCES FOR PHYSICIANS AND OFFERS MANY CONTINUING MEDICAL EDUCATION OPPORTUNITIES. ACP'S ANNUAL SCIENTIFIC MEETING, INTERNAL MEDICINE 2021, WAS CONDUCTED REMOTELY AND WAS SUCCESSFUL, IN APRIL DUE TO THE COVID PANDEMIC. A PLANNED HYBRID (REMOTE/IN-PERSON) MEETING IS PLANNED FOR 2022. NORMALLY APPROXIMATELY 6,000 PHYSICIANS ATTEND THIS MEETING IN PERSON. ACP'S MEDICAL KNOWLEDGE SELF-ASSESSMENT PROGRAM (MKSAP), NOW IN ITS 20TH EDITION, IS THE TOP SELLING SELF-ASSESSMENT CURRICULUM AMONG INTERNISTS. MKSAP PROVIDES INTERNISTS AN OPPORTUNITY TO TEST THEIR CLINICAL KNOWLEDGE AND COMPARE THEIR RESULTS AGAINST NATIONAL AVERAGES. ADDITIONALLY, ACP OFFERS BOARD REVIEW COURSES; RECERTIFICATION COURSES AND RESOURCES; AND HOSTS OVER 100 REGIONAL EDUCATIONAL MEETINGS. ACP PRODUCES EVIDENCE-BASED CLINICAL PRACTICE GUIDELINES THAT FOLLOW A RIGOROUS DEVELOPMENT PROCESS AND ARE BASED ON THE HIGHEST QUALITY SCIENTIFIC EVIDENCE. THE GUIDELINES COVER MANY AREAS OF INTERNAL MEDICINE, INCLUDING SCREENING FOR CANCER AND OTHER MAJOR DISEASES, DIAGNOSIS, TREATMENT AND MEDICAL TECHNOLOGY. ACP HELPS INTERNAL MEDICINE PRACTICES ACHIEVE QUALITY PERFORMANCE IN TODAY'S COMPLEX HEALTH CARE ENVIRONMENT. THE ORGANIZATION OFFERS WRITTEN GUIDES, PRACTICE MANAGEMENT TOOLS, AND CUSTOMIZED ADVICE.
MEMBERSHIP: WITH 159,000 MEMBERS, ACP IS THE LARGEST MEDICAL SPECIALTY ORGANIZATION AND SECOND-LARGEST PHYSICIAN GROUP IN THE U.S. LEVELS OF ACP MEMBERSHIP ARE MEDICAL STUDENT, RESIDENT FELLOW, MEMBER, FELLOW ("FACP"), HONORARY FELLOW, AND MASTER ("MACP"). FELLOWSHIP RECOGNIZES PHYSICIANS' PERSONAL ACHIEVEMENTS IN INTERNAL MEDICINE. ACP MASTERS ARE SELECTED FOR OUTSTANDING CONTRIBUTIONS TO MEDICINE.
ADVOCACY & PUBLIC POLICY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Darilyn Moyer Evp & CEO | Officer | 35 | $626,375 |
Christine Laine MD Svp, Editor, Annals | Officer | 35 | $528,878 |
Wayne Bylsma PHD Chief Operating Officer | Officer | 35 | $404,337 |
Davoren Chick MD Svp, Medical Education | 35 | $376,786 | |
Robert Doherty Svp, Govt Affairs & Public Pol | 35 | $345,513 | |
Michael Weis MBA Chief Financial Officer | Officer | 35 | $326,548 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Lsc Communications Us Llc Digital & Print Svcs | 6/29/21 | $684,895 |
Blackrock Institutional Trust Investment Mgmt | 6/29/21 | $685,544 |
Personify Inc Software Rental | 6/29/21 | $371,347 |
Able Building Maintenance Janitorial Services | 6/29/21 | $726,008 |
Quad Graphics Inc Digital & Print Svcs | 6/29/21 | $2,041,101 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $25,248,130 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $519,767 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $25,767,897 |
| Total Program Service Revenue | $31,822,006 |
| Investment income | $2,468,447 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $5,140,877 |
| Net Rental Income | -$499,068 |
| Net Gain/Loss on Asset Sales | $544,134 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $66,810,188 |
| 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. | $7,487,089 |
| Compensation of current officers, directors, key employees. | $3,066,801 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $24,015,742 |
| Pension plan accruals and contributions | $2,562,962 |
| Other employee benefits | $6,454,877 |
| Payroll taxes | $2,099,634 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $94,103 |
| Fees for services: Accounting | $237,264 |
| Fees for services: Lobbying | $454,736 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,098,560 |
| Fees for services: Other | $836,899 |
| Advertising and promotion | $128,062 |
| Office expenses | $1,903,610 |
| Information technology | $28,875 |
| Royalties | $0 |
| Occupancy | $2,506,237 |
| Travel | $2,177,068 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,383,475 |
| Interest | $264,030 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,867,994 |
| Insurance | $181,399 |
| All other expenses | $568,383 |
| Total functional expenses | $66,772,231 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $8,841,671 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,929,276 |
| 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 | $40,692,152 |
| Investments—publicly traded securities | $103,337,453 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,450,918 |
| Total assets | $166,251,470 |
| Accounts payable and accrued expenses | $7,158,386 |
| Grants payable | $0 |
| Deferred revenue | $19,572,590 |
| Tax-exempt bond liabilities | $9,999,461 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $6,416,510 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $45,992,352 |
| Total liabilities | $89,139,299 |
| Net assets without donor restrictions | $77,112,171 |
| 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 | $166,251,470 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that American College Of Physicians Inc has recieved totaling $2,747.
| Awarding Organization | Amount |
|---|---|
Dr Bhorade Family Foundation Elmhurst, IL PURPOSE: MEDICAL EDUCATIONAL PURPOSES | $2,000 |
Skylight Foundation Inc New York, NY PURPOSE: CHARITABLE PURPOSE | $680 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $67 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Langhorne Physican Services Inc Langhorne, PA | $71,078,768 | $62,697,896 |
Association Of Public Health Laboratories Inc Silver Spring, MD | $22,041,513 | $89,928,640 |
American College Of Physicians Inc Philadelphia, PA | $166,251,470 | $66,810,188 |
American Society Of Health-System Pharmacists Bethesda, MD | $168,219,201 | $51,203,280 |
American Nurses Association Inc Silver Spring, MD | $72,047,526 | $33,274,226 |
Oncology Nursing Society Pittsburgh, PA | $48,820,451 | $29,142,020 |
Inteleos Inc Rockville, MD | $32,845,295 | $22,272,496 |
Chop Clinical Associates Inc Philadelphia, PA | $1,382,809 | $20,179,810 |
Hospital & Healthsystem Association Of Pennsylvania Inc Harrisburg, PA | $39,402,736 | $15,435,491 |
Plasma Protein Therapeutics Association Annapolis, MD | $7,828,244 | $13,003,501 |
American Podiatric Medical Assoc Bethesda, MD | $21,176,179 | $13,540,711 |
New Jersey Hospital Association Princeton, NJ | $139,216,001 | $6,079,898 |