American Academy Of Family Physicians
- Assets
- $4.1m
- Revenue
- $1.7m
- Investments
- $198.2k
- Employees
- 6
- Location
- Raleigh, NC
- Founding
- 02/1950
- Data as of
- 12/2023
- EIN
- 56-1778317
Organization Overview
American Academy Of Family Physicians is located in Raleigh, NC. 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 12/2023, American Academy Of Family Physicians employed 6 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 12/2023, American Academy Of Family Physicians generated $1.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (6.0%) each year. All expenses for the organization totaled $1.7m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (6.1%) per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO IMPROVE THE LIVES AND PROFESSIONAL ENVIRONMENT OF CURRENT AND FUTURE FAMILY PHYSICIANS SO THEY CAN PROVIDE EXCEPTIONAL CARE TO THEIR PATIENTS AND COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CME MEETINGS - HELD TWO VIRTUAL AND FOUR IN-PERSON CME EVENTS AVAILABLE TO ALL 4,500 NCAFP MEMBERS, AS WELL AS NON-MEMBERS IN NORTH CAROLINA AND ACROSS THE COUNTRY. THE SIX EVENTS ATTRACTED OVER 1200 ATTENDEES AND PROVIDED 60.25 HOURS OF CONTINUING MEDICAL EDUCATION. ADDITIONALLY, THE NCAFP PROVIDED AN IN-PERSON EVENT IN FEBRUARY WHICH TARGETED MEDICAL STUDENTS AND HAD 87 PARTICIPANTS.
MEMBER SERVICES - ADVOCATED ON BEHALF OF 4,500 MEMBERS FOR INCREASED INVESTMENT IN FAMILY MEDICINE WHICH INCLUDED CLOSING THE UNINSURED/UNDERINSURED COVERAGE GAP IN RURAL AREAS AND THE ESTABLISHMENT OF A FAMILY MEDICINE LOAN FORGIVENESS PILOT; ADVOCATED FOR LESS ADMINISTRATIVE BURDEN IN THE HEALTHCARE SYSTEM AND INCREASED PAYMENT RATES FOR PRIMARY CARE SERVICES; ADVOCATED ON BEHALF OF PRIMARY CARE THROUGHOUT THE ONGOING MEDICAID TRANSITION TO MANAGED CARE AND FOR THE FULL SCOPE OF FAMILY MEDICINE IN ADDRESSING BEHAVIORAL HEALTH; ADVOCATED ON BEHALF OF EMPLOYED FAMILY PHYSICIANS WITHIN LARGE HEALTH SYSTEMS AND AMONG PAYERS; AND SERVED ON NUMEROUS TASKFORCES AND POLICY GROUPS, ADVOCATING ON BEHALF OF FAMILY PHYSICIANS AND PATIENTS IN NORTH CAROLINA.
COMMUNICATIONS AND PUBLICATIONS - PROVIDED COMMUNICATION SERVICES TO OVER 4,500 MEMBERS THROUGH A QUARTERLY PRINTED MAGAZINE, REGULARLY SCHEDULED PODCASTS, AND OVER 50 E-NEWSLETTERS. THROUGHOUT THE YEAR, THE NCAFP SENT OUT REGULAR E-COMMUNICATIONS AND E-BULLETINS TO KEEP NCAFP MEMBERS INFORMED ABOUT THE LATEST DEVELOPMENTS TAKING PLACE IN HEALTHCARE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shauna L Guthrie MD MPH President | OfficerTrustee | 5 | $5,000 |
Dimitrios P Hondros MD Past President | OfficerTrustee | 3 | $2,500 |
Garett R Franklin MD President-Elect | OfficerTrustee | 1 | $2,500 |
Mark Mcneill MD Secretary/treasurer | OfficerTrustee | 3 | $0 |
Benjamin Frankie Simmons MD Director | Trustee | 1 | $0 |
Joshua Carpenter MD Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Spire Learning Educational Partner | 12/30/19 | $848,179 |
Med-iq Inc Educational Partner | 12/30/19 | $710,486 |
Omni Grove Park Inn Event Location | 12/30/19 | $265,699 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $1,635,498 |
| Investment income | $105,178 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,608 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,744,284 |
| 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. | $468,403 |
| Compensation of current officers, directors, key employees. | $261,376 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $76,250 |
| Pension plan accruals and contributions | $24,856 |
| Other employee benefits | $22,391 |
| Payroll taxes | $44,599 |
| Fees for services: Management | $3,174 |
| Fees for services: Legal | $5,450 |
| Fees for services: Accounting | $16,501 |
| Fees for services: Lobbying | $54,800 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $17,191 |
| Fees for services: Other | $54,764 |
| Advertising and promotion | $0 |
| Office expenses | $49,218 |
| Information technology | $53,822 |
| Royalties | $0 |
| Occupancy | $93,926 |
| Travel | $106,499 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $466,670 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $50,601 |
| Insurance | $6,686 |
| All other expenses | $12,653 |
| Total functional expenses | $1,723,006 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $40,290 |
| Savings and temporary cash investments | $391,695 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $24,127 |
| 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 | $56,289 |
| Net Land, buildings, and equipment | $106,398 |
| Investments—publicly traded securities | $2,152,409 |
| Investments—other securities | $198,154 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,095,714 |
| Total assets | $4,065,076 |
| Accounts payable and accrued expenses | $64,510 |
| Grants payable | $0 |
| Deferred revenue | $303,665 |
| 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 | $303,860 |
| Total liabilities | $672,035 |
| Net assets without donor restrictions | $3,393,041 |
| 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 | $4,065,076 |