Delaware Academy Of Medicine Inc
- Assets
- $3.6m
- Revenue
- $554.4k
- Investments
- $0.0
- Employees
- 3
- Location
- Newark, DE
- Founding
- 02/1948
- Data as of
- 12/2021
- EIN
- 51-0075162
Organization Overview
Delaware Academy Of Medicine Inc is located in Newark, DE. The organization was established in 1948. 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 12/2021, Delaware Academy Of Medicine Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Delaware Academy Of Medicine 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 12/2021, Delaware Academy Of Medicine Inc generated $554.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.6% each year. All expenses for the organization totaled $547.0k during the year ending 12/2021. 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
DELAWARE ACADEMY OF MEDICINE, INC. IS A PRIVATE, NON-PROFIT ORGANIZATION FOUNDED IN 1930. OUR MISSION IS TO ENHANCE THE WELL-BEING OF THE COMMUNITY THROUGH EDUCATION AND THE PROMOTION OF PUBLIC HEALTH. THIS MISSION IS ACCOMPLISHED THROUGH PROFESSIONAL AND LAY EDUCATION, ADVOCACY EFFORTS, PARTNERSHIPS WITH LIKE-MINDED INDIVIDUALS AND ENTITIES, AND WITH GUIDANCE FROM NATIONAL ORGANIZATIONS INCLUDING THE AMERICAN PUBLIC HEALTH ASSOCIATION AND THE NATIONAL ACADEMY OF MEDICINE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOR THE PROFESSIONAL/CLINICAL HEALTHCARE COMMUNITY, THE DELAWARE ACADEMY OF MEDICINE, INC. PROVIDES TRAINING AND PROFESSIONAL DEVELOPMENT PROGRAMS ON A WIDE RANGE OF TOPICS; FROM SPECIALTY EDUCATION (PEDIATRICS, ORTHEPEDICS, ONCOLOGY, AND NEPHROLOGY) TO PUBLIC HEALTH EDUCATION TOPICS INCLUDING CULTURAL COMPETENCY, HEALTH LITERACY, AND TRENDS IN PUBLIC HEALTH PRACTICES.THE DELAWARE ACADEMY OF MEDICINE, INC. OPERATES THE STATE OF DELAWARE IMMUNIZATION COALITION PROGRAM, AS WELL AS THE DELAWARE INSTITUTE FOR MEDICAL EDUCATION & RESEARCH INITIATIVE AND THE STROKE PREVENTION AND RESOURCES PROJECTS. THE DELAWARE ACADEMY OF MEDICINE, INC. IS THE STATE OF DELAWARE AFFILIATE OF THE AMERICAN PUBLIC HEALTH ASSOCIATION, AND PUBLISHES THE DELAWARE JOURNAL OF PUBLIC HEALTH.
THE STUDENT FINANCIAL AID PROGRAM OFFERED BY THE DELAWARE ACADEMY OF MEDICINE, INC. PROVIDES GENERAL ASSISTANCE LOANS TO DELAWARE RESIDENTS STUDYING MEDICINE AND DENTISTRY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Timothy E Gibbs MPH Npmc Executive Director | OfficerTrustee | 40 | $104,946 |
David M Bercaw MD Faafp Director (from 6/21); Treasurer (thru 6/21) | OfficerTrustee | 2 | $0 |
Stephen C Eppes MD Secretary (from 6/21); Director (thru 6/21) | OfficerTrustee | 2 | $0 |
Omar A Khan MD Mhs Faafp Immediate Past President (from 6/21); President (t | OfficerTrustee | 2 | $0 |
S John Swanson MD Facs President (from 6/21); Vice President (thru 6/21) | OfficerTrustee | 2 | $0 |
Professor Rita Landgraf Vice President (from 6/21); Director (thru 6/21) | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $3,669 |
| Fundraising events | $0 |
| Related organizations | $261,583 |
| Government grants | $51,565 |
| All other contributions, gifts, grants, and similar amounts not included above | $24,691 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $341,508 |
| Total Program Service Revenue | $109,502 |
| Investment income | $10,938 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $92,476 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $554,424 |
| 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. | $130,931 |
| Compensation of current officers, directors, key employees. | $17,021 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $156,756 |
| Pension plan accruals and contributions | $5,509 |
| Other employee benefits | $6,183 |
| Payroll taxes | $19,424 |
| Fees for services: Management | $7,764 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $21,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,219 |
| Fees for services: Other | $5,390 |
| Advertising and promotion | $2,707 |
| Office expenses | $8,756 |
| Information technology | $21,849 |
| Royalties | $0 |
| Occupancy | $23,217 |
| Travel | $40 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $27,388 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $13,162 |
| Insurance | $11,085 |
| All other expenses | $0 |
| Total functional expenses | $546,956 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $38,588 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $40,272 |
| 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 | $7,000 |
| Net Land, buildings, and equipment | $254,987 |
| Investments—publicly traded securities | $2,907,254 |
| Investments—other securities | $0 |
| Investments—program-related | $341,326 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,589,427 |
| Accounts payable and accrued expenses | $11,286 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $323,630 |
| Total liabilities | $334,916 |
| Net assets without donor restrictions | $395,235 |
| Net assets with donor restrictions | $2,859,276 |
| 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 | $3,589,427 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Delaware Academy Of Medicine Inc has recieved totaling $157,500.
| Awarding Organization | Amount |
|---|---|
Delaware Atlantis Foundation Pennington, NJ PURPOSE: UNRESTRICTED GENERAL | $157,500 |
Endowment Analysis
| Beg. Balance | $8,610,814 |
| Earnings | $1,192,478 |
| Admin Expense | $14,281 |
| Net Contributions | $57,692 |
| Other Expense | $78,200 |
| Grants | $331,583 |
| Ending Balance | $9,436,920 |
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 |