The Foundation For Post-Acute And Long-Term Care Medicine
- Assets
- $632.5k
- Revenue
- $334.2k
- Investments
- $196.5k
- Employees
- 0
- Location
- Columbia, MD
- Founding
- 01/1996
- Data as of
- 12/2021
- EIN
- 52-1948720
Organization Overview
The Foundation For Post-Acute And Long-Term Care Medicine is located in Columbia, MD. The organization was established in 1996. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Foundation For Post-Acute And Long-Term Care Medicine 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, Foundation For Post-Acute And Long-Term Care Medicine generated $334.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.4% each year. All expenses for the organization totaled $250.2k 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
TO ADVANCE EXCELLENCE AND INNOVATION IN THE LONG-TERM CARE CONTINUUM THROUGH RESEARCH AND ITS TRANSLATION INTO PRACTICE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESEARCH FUNDING - IN ORDER TO ADVANCE THE QUALITY AND IMPROVE CARE IN POST-ACUTE AND LONG-TERM CARE ("PALTC") SETTINGS, THE FOUNDATION ENCOURAGES AND SUPPORTS RESEARCH BY INFORMING A RESEARCH AGENDA AND FACILITATING RESEARCH IN PALTC. THE RESEARCH FUNDING PROGRAM WAS EXPANDED TO THE FUNDING PROJECTS PROGRAM TO ENCOMPASS THE FUNDING OF ADDITIONAL PROJECTS THAT MEET THE MISSION OF THE FOUNDATION.
ANNUAL SYMPOSIUM - THE FOUNDATION PARTICIPATES IN AMDA'S ANNUAL CONFERENCE BY PRESENTING VARIOUS RESEARCH PROJECTS AND STUDIES CONDUCTED THROUGHOUT THE YEAR.
FUTURES PROGRAM - THIS PROGRAM IS AN INTENSIVE LEARNING EXPERIENCE DESIGNED TO EXPOSE RESIDENTS, FELLOWS AND ADVANCED PRACTITIONERS TO THE CAREER OPPORTUNITIES AVAILABLE IN POST-ACUTE AND LONG-TERM CARE MEDICINE. THE FOUNDATION ALSO SUPPORTS THEIR ATTENDANCE AT AMDA'S ANNUAL SYMPOSIUM.
AWARD PROGRAMS - THROUGH THE QUALITY IMPROVEMENT AWARDS PROGRAM, THE FOUNDATION AWARDS NURSING FACILITIES THAT HAVE IMPLEMENTED PROGRAMS THAT IMPROVED THE QUALITY OF LIFE FOR THEIR RESIDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Lett MD Cmdr Chair, Then Imm. Past Chair As Of March | OfficerTrustee | 2.5 | $0 |
Barbara Resnick PHD Crnp Imm. Past Chair Until March | OfficerTrustee | 2.5 | $0 |
Susan Levy MD Cmd Vice Chair, Then Chair As Of March | OfficerTrustee | 2.5 | $0 |
Heidi White MD Med MPH Cmd Director, Then Vice Chair As Of March | OfficerTrustee | 2.5 | $0 |
J Kenneth Brubaker MD Cmd Treasurer/secretary | OfficerTrustee | 2.5 | $0 |
Christopher E Laxton Cae Executive Director | Officer | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $19,125 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $261,659 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $280,784 |
| Total Program Service Revenue | $40,000 |
| Investment income | $41 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $13,334 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $334,159 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $42,730 |
| 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 | $100,282 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $14,063 |
| Payroll taxes | $7,500 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,580 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $32,464 |
| Advertising and promotion | $0 |
| Office expenses | $12,555 |
| Information technology | $9,285 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $993 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $237 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $250,165 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $195,586 |
| Savings and temporary cash investments | $237,412 |
| 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 | $2,939 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $196,520 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $632,457 |
| Accounts payable and accrued expenses | $10,593 |
| 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 | $30,858 |
| Total liabilities | $41,451 |
| Net assets without donor restrictions | $591,006 |
| 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 | $632,457 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that The Foundation For Post-Acute And Long-Term Care Medicine has recieved totaling $94.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $94 |
Endowment Analysis
| Beg. Balance | $156,351 |
| Earnings | $15,169 |
| Net Contributions | $25,000 |
| Ending Balance | $196,520 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Chevron Phillips Chemical Co Lp Health & Benefit Tr Veba Pittsburgh, PA | $15,880,618 | $77,964,861 |
Inspirittec Inc Philadelphia, PA | $65,630,872 | $75,964,924 |
The Seminar Network Inc Arlington, VA | $360,026,954 | $278,674,897 |
West Virginia University Medical Corporation Morgantown, WV | $21,363,966 | $59,205,918 |
Pennsylvania Virtual Charter School King Of Prussia, PA | $24,898,829 | $49,068,085 |
Old Dominion Land Conservancy Inc Purcellville, VA | $5,990,691 | $40,101,797 |
Pay It Forward Foundation Inc Pittsburgh, PA | $11,909,629 | $29,731,720 |
Lifesteps Inc Butler, PA | $25,871,848 | $32,536,752 |
Maryland Innovation And Security Institute Inc Baltimore, MD | $10,081,190 | $24,715,450 |
Community Action Council Of Howard County Md Inc Columbia, MD | $15,922,810 | $23,897,066 |
Cal Ripken Sr Foundation Inc Baltimore, MD | $24,973,997 | $16,406,660 |
Benefits Data Trust Philadelphia, PA | $35,254,049 | $26,526,932 |