Atlantic Institute Of Oriental Medicine
- Assets
- $2.3m
- Revenue
- $2.0m
- Investments
- $684.7k
- Employees
- 20
- Location
- Fort Lauderdale, FL
- Founding
- 10/1996
- Data as of
- 12/2023
- EIN
- 65-0512087
Organization Overview
Atlantic Institute Of Oriental Medicine is located in Fort Lauderdale, FL. The organization was established in 1996. As of 12/2023, Atlantic Institute Of Oriental Medicine employed 20 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Atlantic Institute Of Oriental 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 12/2023, Atlantic Institute Of Oriental Medicine generated $2.0m in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (2.1%) each year. All expenses for the organization totaled $2.4m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (1.0%) per year over the past 5 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
ATLANTIC INSTITUTE OF ORIENTAL MEDICINE IS A PROFESSIONAL, PRIVATE AND INDEPENDENT COLLEGE OFFERING ACADEMIC PROGRAMS AND DEGREES IN THE FIELD OF TRANDITIOANL CHINESE MEDICINE/OREIENTAL MEDICINE
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION ATLANTIC INSTITUTE OF ORIENTAL MEDICINE IS A PROFESSIONAL AND INDEPENDENT COLLEGE OFFERRING ACADEMIC PROGRAMS AND DEGREES IN THE FIELD OF TRADITIONAL CHINESE MEDICINE/ORIENTAL MEDICINE. CLINICAL SERVICES TO GENERAL PUBLIC ARE A PART OF THE INTERSHIP/TRAINING OF THE STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Di Fu MD PHD President | OfficerTrustee | 30 | $146,679 |
Dunn Eston Director | OfficerTrustee | $0 | |
James X Zhang Chairman | OfficerTrustee | $0 | |
Gerad D Grau MD Facs Director | OfficerTrustee | $0 | |
Renliang Xu PHD Treasurer | OfficerTrustee | $0 | |
Sifu Zhou PHD Director | OfficerTrustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $219,606 |
| 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 | $219,606 |
| Total Program Service Revenue | $1,759,513 |
| Investment income | $32,235 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,053 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,010,301 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $1,122,017 |
| 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 | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $20,720 |
| Office expenses | $10,475 |
| Information technology | $19,476 |
| Royalties | $0 |
| Occupancy | $605,545 |
| Travel | $46,350 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $9,553 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $10,053 |
| Insurance | $98,427 |
| All other expenses | $26,301 |
| Total functional expenses | $2,449,660 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $88,899 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $16,773 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $31,478 |
| Prepaid expenses and deferred charges | $31,740 |
| Net Land, buildings, and equipment | $13,354 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $684,722 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,419,082 |
| Total assets | $2,286,048 |
| Accounts payable and accrued expenses | $71,747 |
| Grants payable | $0 |
| Deferred revenue | $366,908 |
| 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 | $1,103,628 |
| Total liabilities | $1,542,283 |
| Net assets without donor restrictions | $743,765 |
| 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 | $2,286,048 |