Florida Academy Of Family Physicians
- Assets
- $5.0m
- Revenue
- $1.6m
- Investments
- $3.8m
- Employees
- 6
- Location
- Jacksonville, FL
- Founding
- 03/1950
- Data as of
- 12/2023
- EIN
- 59-6138054
Organization Overview
Florida Academy Of Family Physicians is located in Jacksonville, FL. 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, Florida Academy Of Family Physicians employed 6 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Florida 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, Florida Academy Of Family Physicians generated $1.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.9% each year. All expenses for the organization totaled $1.4m during the year ending 12/2023. While expenses have increased by 3.3% per year over the past 8 years. They've been increasing with an increasing level of total revenue. 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
THE ACADEMYS MISSION IS SUPPORTING FLORIDA FAMILY PHYSICIANS. IT IS ORGANIZED TO PROMOTE EXCELLENCE IN HEALTH CARE FOR FLORIDA CITIZENS; TO ADVANCE AND REPRESENT THE SPECIALTY OF FAMILY PRACTICE THROUGH ADVOCACY, REPRESENTATION AND LEADERSHIP IN FLORIDA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTING AND MAINTAINING HIGH QUALITY STANDARDS FOR FLORIDAS FAMILY PRACTICE.
PROMOTING SKILL AND TEAMWORK IN FAMILY MEDICINE IN ORDER TO PRESERVE AND PROMOTE QUALITY, COST-EFFECTIVE HEALTH CARE FOR ALL FLORIDIANS.
PROMOTING INTEREST IN FAMILY MEDICINE AS A CAREER, WORKING WITH FLORIDAS MEDICAL SCHOOLS, PROVIDING RESIDENCY AND MEDICAL TRAINING PROGRAMS IN FAMILY MEDICINE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jay Millson Executive Vice-Presdient | Officer | 40 | $208,821 |
Adam Beamer Deputy Executive Vice-Preside | Officer | 40 | $106,245 |
Christie Cavanagh President | OfficerTrustee | 5 | $15,000 |
Michael Cromer Director | Trustee | 5 | $0 |
Danielle Carter Secretarytreasurer | Trustee | 5 | $0 |
Noreen Akbar Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,111,051 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $12,400 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,123,451 |
| Total Program Service Revenue | $197,174 |
| Investment income | $105,237 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $170,338 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,596,200 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $129,047 |
| 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. | $330,065 |
| Compensation of current officers, directors, key employees. | $141,026 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $327,833 |
| Pension plan accruals and contributions | $41,601 |
| Other employee benefits | $82,750 |
| Payroll taxes | $46,461 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $40,803 |
| Fees for services: Lobbying | $79,379 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $7,072 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $9,686 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $18,817 |
| Travel | $138,815 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $14,243 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $14,767 |
| Insurance | $9,540 |
| All other expenses | $31,420 |
| Total functional expenses | $1,378,358 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $340,528 |
| Savings and temporary cash investments | $206,815 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $249,391 |
| 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 | $23,076 |
| Net Land, buildings, and equipment | $362,023 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $3,805,359 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,987,192 |
| Accounts payable and accrued expenses | $3,742 |
| Grants payable | $0 |
| Deferred revenue | $606,516 |
| 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 | $610,258 |
| Net assets without donor restrictions | $4,376,934 |
| 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 | $4,987,192 |
Grants Awarded
Over the last fiscal year, Florida Academy Of Family Physicians has awarded $129,047 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
FL ACADEMY FAMILY PHY FOUNDATION PURPOSE: Support | $104,047 |
FLORIDA FAMILY MEDICINE PAC PURPOSE: Support | $25,000 |