Aami Foundation INC

Tax-deductible

Arlington, VA501(c)(3)Since 2010EducationEIN 27-4379275

The aami foundation is a 501 (c) (3) charitable organization whose primary purpose is advancing the professional development of health technology and sterility assurance professionals through academic scholarships and honors awards and advancing science through research that generates technical and clinical data to help improve patient outcomes.

501(c)(3) charity; gifts are tax-deductible.
91¢ of each $1 spent went to programs.
Run by 23 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · 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
0 of 5
filings with a surplus
Average deficit $88K a year · 35% of revenue · last 5 filings
Concern: a surplus in 0 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
91%
of spending
Looks good: 91% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$45K
to officers and key staff · 6% of spending
Top officer’s pay lower than 65% of similar orgs
Looks good: pay to officers and key staff is 6% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 2.3 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $73K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$216K
4% of total assets
Looks good: liabilities are 4% of assets; 50% or less.
Pt X · Ln 26
Independent board members
10
of 11 voting members
Looks good: 10 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$311K
-5% vs prior year
Spent
$750K
To programs
91%
Net assets
$5.2M
By yearFY2020–FY2024
Revenue
$311K
FY2024▼ -5%
Revenue by fiscal year
FY2020$211K
FY2021$186K
FY2022$289K
FY2023$259K
FY2024$327K
FY2024$311K
Expenses
$750K
FY2024▲ +85%
Expenses by fiscal year
FY2020$258K
FY2021$358K
FY2022$314K
FY2023$378K
FY2024$404K
FY2024$750K
Net assets
$5.2M
FY2024▼ -1%
Net assets by fiscal year
FY2020$5.2M
FY2021$5.4M
FY2022$4.4M
FY2023$4.6M
FY2024$5.2M
FY2024$5.2M

From the FY2024 Form 990 · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Apr 2011.

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

Where the money goes

91 cents of each dollar spent went to programs.

Program services 91% · $679K Management & general 9% · $71K

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

Who runs it and what they're paid

12 people listed on the 990; $45K paid to officers and key staff.

Part VII, Section A · reportable compensation
Aami CEO
$44,962Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
Treasurer/Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Pamela Arora’s $45K as Aami CEO is at the 35th percentile of top reported officer pay among 1613 $100K–1M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2024FY2024FY2023FY2022FY2021FY2020
James Piepenbrink Hce—————$123,922
Stephen Campbell—$34,200$78,803$73,401$49,101$15,906
Pamela Arora$44,962$31,325$25,120———

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Aami 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

Awards scholarships, grants, and more to advance health technology professionals' knowledge.

Provided by the organization

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

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2 program services account for $679K of program spending, described in the organization's own filed words · FY2024.
01

The aami foundation research grants help to fund technical, clinical and laboratory studies that generate data and evidence for publication to advance the science and help improve patient safety through the safe adoption of safe use of health technology.

$380Kprogram expense
02

The largest scholarship program is the miller HTM scholarships and are specially for health care technology students pursuing a variety of associate, undergraduate and graduate degrees related to medical equipment design, repair, development and management.

$298Kprogram 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 · received and paid
Grants received · FY2024
See all 3 funders →
Grants paid · 44 grants · $1.2M · 2019–2024
National Academy of SciencesDC · FY2024$250,000
Unitemized GrantFY2024$64,300
University of MarylandFY2024$47,000
University of Wisconsin StoutFY2024$15,000
Michigan State UniversityMI · FY2024$10,000
Unitemized GrantFY2024$1,000
Unitemized GrantFY2023$48,000
Euis LLCFY2023$10,000
Unitemized GrantFY2023$5,000
Unitemized GrantFY2023$3,600
Unitemized GrantFY2023$1,000
Unitemized GrantFY2023$1,000
Unitemized GrantFY2023$400
Unitemized GrantFY2022$36,077
See all 44 grants →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$311K
Ln 12
Gifts and grantsLn 1h$160K
Investment incomeLn 3$150K
Money outPt IX
$750K
Ln 25
Programscol B$679K
Managementcol C$71K
Owns and owesPt X
$5.2M
net assets · Ln 32
Cash and savingsLn 1–2$143K
Total assetsLn 16$5.4M
LiabilitiesLn 26$216K
PeoplePt VI, VII
12
listed · VII A
PaidVII A1
Voting boardVI 1a11
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$160K
Investment incomeLn 3$150K
Total revenueLn 12$311K
Assets in detailPt X, end of year
CashLn 1$143K
Cash and savings togetherLn 1–2$143K
InvestmentsLn 11–13$5.2M
Total assetsLn 16$5.4M
LiabilitiesLn 26$216K
Net assetsLn 32$5.2M
OperationsPt I, VI
EmployeesI 50
VolunteersI 623
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 FY24End FY24
Cash and savingsLn 1–2$91K$143K
InvestmentsLn 11–13$5.2M$5.2M
Total assetsLn 16$5.3M$5.4M
LiabilitiesLn 26$30K$216K
Net assetsLn 32$5.2M$5.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$405K$405K
Grants to domestic individualsLn 2$77K$77K
Grants and assistance to foreign recipientsLn 3$19K$19K
Legal feesLn 11b$5K$5K
Accounting feesLn 11c$9K$9K
Investment management feesLn 11f$16K$16K
Other fees for servicesLn 11g$204K$178K$26K
Advertising and promotionLn 12$1K$1K
Office expensesLn 13$10K$10K
Conferences, conventions and meetingsLn 19$4K$4K
Total functional expensesLn 25$750K$679K$71K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $327K$404K−$77K$5.2M 990 PDF
FY2023 $259K$378K−$119K$4.6M 990 PDF
FY2022 $289K$314K−$25K$4.4M 990 PDF
FY2021 $186K$358K−$173K$5.4M 990 PDF
FY2020 $211K$258K−$47K$5.2M 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 FY2024 990 (4 parts)
Part VIII · Statement of revenue $310,769 across 5 lines filed
VIII-1d Related organizations$10,000
VIII-1f All other contributions, gifts and grants$150,315
VIII-1h Total contributions, gifts and grants$160,315
VIII-3 Investment incomeExcluded from tax $150,454$150,454
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $150,454$310,769
Part IX · Statement of functional expenses $749,587 across 10 lines filed
IX-1 Grants to domestic organizationsPrograms $405,444$405,444
IX-2 Grants to domestic individualsPrograms $76,572$76,572
IX-3 Grants and assistance to foreign recipientsPrograms $19,000$19,000
IX-11b Legal feesManagement $4,763$4,763
IX-11c Accounting feesManagement $8,660$8,660
IX-11f Investment management feesManagement $15,754$15,754
IX-11g Other fees for servicesPrograms $177,817 · Management $26,216$204,033
IX-12 Advertising and promotionManagement $1,494$1,494
IX-13 Office expensesManagement $10,165$10,165
IX-19 Conferences, conventions and meetingsManagement $3,702$3,702
IX-25 Total functional expensesPrograms $678,833 · Management $70,754 · Fundraising $0$749,587
Part X · Balance sheet $5,377,608 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $91,020$142,971
X-4 Accounts receivableStart of year $0$60,946
X-9 Prepaid expenses and deferred chargesStart of year $725$761
X-11 Publicly traded securitiesStart of year $5,168,744$5,172,930
X-16 Total assetsStart of year $5,260,489$5,377,608
X-17 Accounts payable and accrued expensesStart of year $30,313$49,154
X-18 Grants payable$166,667
X-26 Total liabilitiesStart of year $30,313$215,821
X-27 Net assets without donor restrictionsStart of year $4,297,171$4,227,924
X-28 Net assets with donor restrictionsStart of year $933,005$933,863
X-32 Total net assets or fund balancesStart of year $5,230,176$5,161,787
X-33 Total liabilities and net assetsStart of year $5,260,489$5,377,608
Part XI · Reconciliation of net assets $5,161,787 net assets at year end
XI-1 Total revenue$310,769
XI-2 Total expenses$749,587
XI-3 Revenue less expenses−$438,818
XI-4 Net assets at start of year$5,230,176
XI-5 Net unrealized gains (losses) on investments$369,483
XI-6 Donated services and use of facilities$946
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$5,161,787

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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