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Aaem Foundation INC FY2021 filing

Tax-deductible

Milwaukee, WI501(c)(3)Foundations & GrantmakersEIN 20-2080841

The aaem foundation is a 501(c)(3) non profit organization established to enforce cpom laws and protect the rights of physicians against corporations that violate cpom laws.

501(c)(3) charity; gifts are tax-deductible.
95¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average deficit $27K a year · 10% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
95%
of spending
Looks good: 95% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
2 mo
of spending, in cash
Fine: 1.7 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $1K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$18K
3% of total assets
Looks good: liabilities are 3% of assets; 50% or less.
Pt X · Ln 26
Independent board members
15
of 15 voting members
Looks good: 15 of 15 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$62K
+49% vs prior year
Spent
$139K
To programs
95%
Net assets
$702K
By yearFY2020–FY2024
Revenue
$62K
FY2021▲ +49%
Revenue by fiscal year
FY2020$42K
FY2021$62K
FY2022$181K
FY2023$268K
FY2024$800K
Expenses
$139K
FY2021▲ +457%
Expenses by fiscal year
FY2020$25K
FY2021$139K
FY2022$267K
FY2023$633K
FY2024$425K
Net assets
$702K
FY2021▲ +5%
Net assets by fiscal year
FY2020$670K
FY2021$702K
FY2022$449K
FY2023$20K
FY2024$395K

From the FY2021 Form 990 · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jul 2005.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

95 cents of each dollar spent went to programs.

Program services 95% · $132K Management & general 5% · $7K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

15 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Jonathan S Jones MD
President-Elect
$0Pt VII · Sec A
Robert Frolichstein MD
Secretary-Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
William Durkin JR MD MBA Maaem
Past President's Council R
$0Pt VII · Sec A
$0Pt VII · Sec A
Al Giwa Llb MD MBA Mbe
At-Large Director
$0Pt VII · Sec A
Robert Lam MD
At-Large Director
$0Pt VII · Sec A
See Aaem Foundation INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Enforces physician rights against corporations violating CPOM laws.

Provided by the organization

This section is blank until Aaem Foundation INC claims this page.

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1 program service account for $132K of program spending, described in the organization's own filed words · FY2021.
01

The aaem fountation supported those who are (1) studying and providing education relating to the access and availability of emergency medical care, and (2) defending the rights of patients to receive such care, and emergency physicians to provide such care.

$132Kprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Jcl Anderson Family FoundationFY2024$1K
Total grants receivedfrom 1 funder$1K

By the numbers

The FY2021 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$62K
Ln 12
Gifts and grantsLn 1h$53K
Investment incomeLn 3$9K
Money outPt IX
$139K
Ln 25
Programscol B$132K
Managementcol C$7K
Owns and owesPt X
$702K
net assets · Ln 32
Cash and savingsLn 1–2$19K
Total assetsLn 16$721K
LiabilitiesLn 26$18K
PeoplePt VI, VII
15
listed · VII A
PaidVII A0
Voting boardVI 1a15
IndependentVI 1b15
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$53K
Investment incomeLn 3$9K
Total revenueLn 12$62K
Assets in detailPt X, end of year
CashLn 1$19K
SavingsLn 2$1
Cash and savings togetherLn 1–2$19K
InvestmentsLn 11–13$677K
Total assetsLn 16$721K
LiabilitiesLn 26$18K
Net assetsLn 32$702K
OperationsPt I, VI
EmployeesI 50
VolunteersI 615
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$106K$19K
InvestmentsLn 11–13$559K$677K
Total assetsLn 16$670K$721K
LiabilitiesLn 26$0$18K
Net assetsLn 32$670K$702K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Legal feesLn 11b$138K$132K$6K
Office expensesLn 13$22$10$12
InsuranceLn 23$1K$1K
Total functional expensesLn 25$139K$132K$7K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $800K$425K$375K$395K 990 PDF
FY2023 $268K$633K−$365K$20K 990 PDF
FY2022 $181K$267K−$87K$449K 990 PDF
FY2021 Viewing $62K$139K−$76K$702K 990 PDF
FY2020 $42K$25K$17K$670K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2021 990 (4 parts)
Part VIII · Statement of revenue $62,358 across 4 lines filed
VIII-1f All other contributions, gifts and grants$53,381
VIII-1h Total contributions, gifts and grants$53,381
VIII-3 Investment incomeExcluded from tax $8,977$8,977
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $8,977$62,358
Part IX · Statement of functional expenses $138,742 across 3 lines filed
IX-11b Legal feesPrograms $132,164 · Management $5,507$137,671
IX-13 Office expensesPrograms $10 · Management $12$22
IX-23 InsuranceManagement $1,049$1,049
IX-25 Total functional expensesPrograms $132,174 · Management $6,568 · Fundraising $0$138,742
Part X · Balance sheet $720,546 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $80,298$19,449
X-2 Savings and temporary cash investmentsStart of year $25,274$1
X-4 Accounts receivableStart of year $4,287$23,183
X-9 Prepaid expenses and deferred chargesStart of year $868$912
X-11 Publicly traded securitiesStart of year $559,498$677,001
X-16 Total assetsStart of year $670,225$720,546
X-17 Accounts payable and accrued expenses$18,131
X-26 Total liabilitiesStart of year $0$18,131
X-27 Net assets without donor restrictionsStart of year $670,225$702,415
X-32 Total net assets or fund balancesStart of year $670,225$702,415
X-33 Total liabilities and net assetsStart of year $670,225$720,546
Part XI · Reconciliation of net assets $702,415 net assets at year end
XI-1 Total revenue$62,358
XI-2 Total expenses$138,742
XI-3 Revenue less expenses−$76,384
XI-4 Net assets at start of year$670,225
XI-5 Net unrealized gains (losses) on investments$108,574
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$702,415

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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