Aami Foundation INC FY2023 filing

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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.
54¢ of each $1 spent went to programs.
$104K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2023 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 6
filings with a surplus
Average deficit $147K a year · 56% of revenue · last 6 filings
Concern: a surplus in 0 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
54%
of spending
Worth a look: 54% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$104K
to officers and key staff · 27% of spending
Worth a look: pay to officers and key staff is 27% of spending; over 20%.
Pt VII · Sec A
<1 mo
of spending, in cash
Plus $4.5M in investments, Pt X · Ln 11–13
Fine: 0.7 months of spending in cash, plus $4.5M in investments.
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
$3K
0.06% of total assets
Looks good: liabilities are 0% 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
$259K
-10% vs prior year
Spent
$378K
To programs
54%
Net assets
$4.6M
By yearFY2020–FY2025
Revenue
$259K
FY2023▼ -10%
Tap a bar for its year
Revenue by fiscal year
FY2020$211K
FY2021$186K
FY2022$289K
FY2023$259K
FY2024$327K
FY2025$311K
Expenses
$378K
FY2023▲ +21%
Tap a bar for its year
Expenses by fiscal year
FY2020$258K
FY2021$358K
FY2022$314K
FY2023$378K
FY2024$404K
FY2025$750K
Net assets
$4.6M
FY2023▲ +5%
Tap a bar for its year
Net assets by fiscal year
FY2020$5.2M
FY2021$5.4M
FY2022$4.4M
FY2023$4.6M
FY2024$5.2M
FY2025$5.2M

From the FY2023 Form 990 (year ending September 2023) · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Apr 2011.

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

Where the money goes

54 cents of each dollar spent went to programs.

Program services 54% · $205K Management & general 46% · $173K

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

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Who runs it and what they're paid

12 people listed on the 990; $104K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Executive Director
$78,803Pt VII · Sec A
Aami CEO
$25,120Pt VII · Sec A
Vice-Chair
$0Pt VII · Sec A
Treasurer/Secretary
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$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

NameFY2025FY2024FY2023FY2022FY2021FY2020
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 →

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.

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3 programs · $205K · in their own filed words · FY2022
01

Patient safety programs aim to engage the healthcare community in multidisciplinary safety initiatives that strengthen the development, management, and use of healthcare technology for improved patient outcomes.

$90Kprogram expense
02

The mary k. Logan research awards is a grant program aimed at supporting research that enhances the safe adoption and safe use of health technology.

$79Kprogram expense
03

The michael j. Miller scholarship program provides scholarships to qualified students who are pursuing an education in healthcare technology management.

$36Kprogram expense

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 FY2023 990, line by line.

1The main four
Money inPt VIII
$259K
Ln 12
Investment incomeLn 3$169K
Gifts and grantsLn 1h$90K
Money outPt IX
$378K
Ln 25
Programscol B$205K
Managementcol C$173K
Owns and owesPt X
$4.6M
net assets · Ln 32
Cash and savingsLn 1–2$23K
Total assetsLn 16$4.6M
LiabilitiesLn 26$3K
PeoplePt VI, VII
12
listed · VII A
PaidVII A2
Voting boardVI 1a11
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$90K
Investment incomeLn 3$169K
Total revenueLn 12$259K
Assets in detailPt X, end of year
CashLn 1$23K
Cash and savings togetherLn 1–2$23K
Accounts receivableLn 4$10K
Prepaid expenses and deferred chargesLn 9$725
InvestmentsLn 11–13$4.5M
Total assetsLn 16$4.6M
LiabilitiesLn 26$3K
Net assetsLn 32$4.6M
OperationsPt I, VI
EmployeesI 50
VolunteersI 623
Fiscal year endsHeaderSeptember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3More from this return
Investment feesPt IX, Sch D
Investment fees, as reportedPt IX 11f$13K
Share of the $66K endowmentSch D 1g20.2%
Typical, median of 2,202 orgs0.44%
EndowmentSch D · Pt V
LineFY23FY22FY21FY20FY19
End of yearLn 1g$66K$59K$72K$61K$64K
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$97K$23K
InvestmentsLn 11–13$4.3M$4.5M
Total assetsLn 16$4.4M$4.6M
LiabilitiesLn 26$3K$3K
Net assetsLn 32$4.4M$4.6M
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$122K$122K
Grants to domestic individualsLn 2$57K$57K
Legal feesLn 11b$6K$6K
Investment management feesLn 11f$13K$13K
Other fees for servicesLn 11g$167K$7K$160K
Office expensesLn 13$8K$8K
Conferences, conventions and meetingsLn 19$5K$5K
Total functional expensesLn 25$378K$205K$173K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS Aug 14, 2026 $311K$750K−$439K$5.2M 990 PDF
FY2024Filed with the IRS Aug 5, 2025 $327K$404K−$77K$5.2M 990 PDF
FY2023 ViewingFiled with the IRS Aug 14, 2024 $259K$378K−$119K$4.6M 990 PDF
FY2022Filed with the IRS Aug 15, 2023 $289K$314K−$25K$4.4M 990 PDF
FY2021Filed with the IRS Aug 26, 2022 $186K$358K−$173K$5.4M 990 PDF
FY2020Filed with the IRS Aug 13, 2021 $211K$258K−$47K$5.2M 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $259,490 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $62,522$90,282
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $226,416$169,208
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $288,938$259,490
I-13 Grants and similar amounts paidPrior year $116,685$178,975
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $197,028$199,167
I-18 Total expensesPrior year $313,713$378,142
I-19 Revenue less expensesPrior year −$24,775−$118,652
Part VI · Governance 10 of 11 board members independent, 1 to look at
VI-1a Voting members of the governing body11
VI-1b Independent voting members10
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $259,490 across 4 lines filed
VIII-1f All other contributions, gifts and grants$90,282
VIII-1h Total contributions, gifts and grants$90,282
VIII-3 Investment incomeExcluded from tax $169,208$169,208
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $169,208$259,490
Part IX · Statement of functional expenses $378,142 across 7 lines filed
IX-1 Grants to domestic organizationsPrograms $121,898$121,898
IX-2 Grants to domestic individualsPrograms $57,077$57,077
IX-11b Legal feesPrograms $5,618$5,618
IX-11f Investment management feesManagement $13,345$13,345
IX-11g Other fees for servicesPrograms $7,034 · Management $160,000$167,034
IX-13 Office expensesPrograms $8,303$8,303
IX-19 Conferences, conventions and meetingsPrograms $4,867$4,867
IX-25 Total functional expensesPrograms $204,797 · Management $173,345 · Fundraising $0$378,142
Part X · Balance sheet $4,559,909 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $96,896$22,881
X-4 Accounts receivableStart of year $10,500$10,000
X-9 Prepaid expenses and deferred chargesStart of year $725$725
X-11 Publicly traded securitiesStart of year $4,253,037$4,526,303
X-16 Total assetsStart of year $4,361,158$4,559,909
X-17 Accounts payable and accrued expensesStart of year $2,658$2,829
X-26 Total liabilitiesStart of year $2,658$2,829
X-27 Net assets without donor restrictionsStart of year $3,612,796$3,716,203
X-28 Net assets with donor restrictionsStart of year $745,704$840,877
X-32 Total net assets or fund balancesStart of year $4,358,500$4,557,080
X-33 Total liabilities and net assetsStart of year $4,361,158$4,559,909
Part XI · Reconciliation of net assets $4,557,080 net assets at year end
XI-1 Total revenue$259,490
XI-2 Total expenses$378,142
XI-3 Revenue less expenses−$118,652
XI-4 Net assets at start of year$4,358,500
XI-5 Net unrealized gains (losses) on investments$317,232
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$4,557,080

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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