American College Of Physicians
- Assets
- $371.7k
- Revenue
- $162.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Oak Park, IL
- Founding
- 12/1977
- Data as of
- 06/2022
- EIN
- 51-0222984
Organization Overview
American College Of Physicians is located in Oak Park, IL. 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. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. American College Of Physicians 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 06/2022, American College Of Physicians generated $162.2k 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 (6.1%) each year. All expenses for the organization totaled $184.5k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (5.1%) 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
ENHANCE THE QUALITY AND EFFECTIVENESS OF HEALTH CARE BY FOSTERING EXCELLENCE AND PROFESSIONALISM IN THE PRACTICE OF MEDICINE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ACP ILLINOIS CHAPTER SERVES MORE THAN 5,500 MEMBERS, INCLUDING PRACTICING PHYSICIANS, MEDICAL RESIDENTS, AND MEDICAL STUDENTS. THE CHAPTER PROVIDES OPPORTUNITIES FOR QUALITY EDUCATION AND PROFESSIONAL DEVELOPMENT. CLINICAL UPDATES, INFORMATIONAL UPDATES, AND IMPORTANT NEWS ARE SHARED VIA EMAIL BLASTS, SOCIAL MEDIA, AND ONLINE NEWSLETTERS. MORE THAN 300 MEDICAL RESIDENTS AND STUDENTS WERE PROVIDED THE OPPORTUNITY TO SHOWCASE THEIR MEDICAL RESEARCH AND CASE STUDIES VIA POSTER AND ORAL COMPETITIONS VIRTUALLY IN 2021-2022. THE CHAPTER PROVIDED VIRTUAL CME EDUCATION FOR MORE THAN 100 PRACTICING PHYSICIANS RELATED TO UPDATES IN INTERNAL MEDICINE. ADDITIONAL VIRTUAL SHORT PROGRAMS, SINGLE-SUBJECT EDUCATIONAL SESSIONS WERE PROVIDED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Colleen Keeku Executive Director | 45 | $75,544 | |
Anne Schultz MD Facp President, Iln Governor | OfficerTrustee | 10 | $0 |
Vidya Sundareshan MD Facp Ils Governor | OfficerTrustee | 1 | $0 |
Tom Bleasdale MD Facp Treasurer | OfficerTrustee | 1 | $0 |
Patrick Towne MD Secretary | OfficerTrustee | 1 | $0 |
James Graumlich MD Facp Council Member, Past Governor | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $121,190 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $9,920 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $131,110 |
| Total Program Service Revenue | $31,095 |
| Investment income | $29 |
| 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 | $162,234 |
| 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. | $75,544 |
| Compensation of current officers, directors, key employees. | $15,109 |
| 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 | $3,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $7,708 |
| Advertising and promotion | $0 |
| Office expenses | $4,047 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $25,788 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $56,467 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $184,501 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $223,608 |
| Savings and temporary cash investments | $148,095 |
| 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 | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $371,703 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $371,703 |
| 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 | $371,703 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Association Of Boards Of Pharmacy Mount Prospect, IL | $128,934,992 | $53,072,369 |
American Health Information Management Association Chicago, IL | $75,970,379 | $29,707,465 |
Illinois Health And Hospital Association Naperville, IL | $47,982,989 | $27,831,866 |
American Association Of Nurse Anesthetists Park Ridge, IL | $73,195,085 | $28,961,518 |
American Association Of Orthodontists St Louis, MO | $35,830,036 | $25,580,737 |
Healthcare Financial Management Association Downers Grove, IL | $21,103,876 | $26,004,256 |
American Optometric Association Inc St Louis, MO | $41,380,476 | $25,369,492 |
Illinois Primary Health Care Association Springfield, IL | $11,577,545 | $20,459,063 |
Accreditation Association For Ambulatory Health Care Inc Skokie, IL | $34,944,866 | $26,328,831 |
American Board Of Medical Specialties Chicago, IL | $33,424,313 | $22,297,576 |
Missouri Hospital Association Jefferson City, MO | $56,914,745 | $17,839,212 |
Indiana Hospital Association Inc Indianapolis, IN | $14,217,273 | $13,385,165 |