2023-05-10T12:56:46-05:00 2022-12-31 362170602 WARADY & DAVIS LLP 1717 DEERFIELD RD SUITE 300S DEERFIELD IL 60015 990 2022-01-01 366056120 AMERICAN OSTEOPATHIC FOUNDATION AMER 3122028200 142 E ONTARIO ST 1450 CHICAGO IL 60611 BARBARA ROSS-LEE DO PRESIDENT 3122028200 2023-05-10 1 BARBARA ROSS-LEE DO 999009999 0 KOSTA G TCHOBANOV P01302744 8472679600 2023-05-10 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z BARBARA ROSS-LEE DO 142 E ONTARIO ST 1450 CHICAGO IL 60611 2763498 0 X WWW.AOF.ORG X 1949 IL TO SUPPORT PROGRAMS AND SERVICES THAT PROMOTE OSTEOPATHIC MEDICINE AND ENHANCE PATIENT-CENTERED CARE. THE AOF HAS WORKED DILIGENTLY TOWARD REALIZING ITS VISION, TO ENRICH GLOBAL HEALTH BY PROMOTING OSTEOPATHIC MEDICINE. THE AOF IS ENERGIZED AND INSPIRED TO ACCOMPLISH THIS THROUGH ITS MISSION, TO SUPPORT PHILANTHROPIC ACTIVITIES THAT PROMOTE AND ENHANCE THE OSTEOPATHIC PROFESSION. THROUGH THE SUPPORT OF LEADERSHIP, THE DEDICATION AND FORESIGHT OF THE AOF BOARD OF DIRECTORS, AND THE GENEROSITY OF THE FOUNDATION'S LOYAL DONORS, THE AOF PROUDLY SERVES AS THE PHILANTHROPIC PARTNER FOR THE OSTEOPATHIC PROFESSION, THE ASSOCIATION AND THE AFFILIATES. AOF HAS MADE A DIFFERENCE IN THE LIVES OF MANY WITHIN THE PROFESSION AND CONTINUES TO INCREASE THE NUMBER OF AWARDS GIVEN, GRANTS EXTENDED, SCHOLARSHIPS AWARDED, AND SERVICES PROVIDED THAT ENHANCE AND BENEFIT OSTEOPATHIC STUDENTS, RESIDENTS, PHYSICIANS - AND THE PATIENTS THEY SO HONORABLY SERVE. 20 20 7 82 0 0 2429639 1487697 0 20150 920967 355471 -36562 -20239 3314044 1843079 339447 365607 0 0 867303 1018999 0 0 447790 517411 587714 1724161 1972320 1589883 -129241 19265366 16168048 190978 291476 19074388 15876572 X THE MISSION OF THE AMERICAN OSTEOPATHIC FOUNDATION IS TO SUPPORT PROGRAMS AND SERVICES THAT PROMOTE OSTEOPATHIC MEDICINE AND ENHANCE PATIENT-CENTERED CARE. 0 0 549035 212473 22471 FOR 74 YEARS, THE AMERICAN OSTEOPATHIC FOUNDATION (AOF) HAS OPERATED AS THE CHARITABLE HEART OF THE OSTEOPATHIC PROFESSION. AOF ACCOMPLISHES THIS BY PROVIDING FINANCIAL SUPPORT TO PROMOTE, ENCOURAGEAND DISSEMINATE THE PRINCIPLES AND PRACTICE OF OSTEOPATHIC MEDICINE. THE AOF IS THE ONLY NATIONAL OSTEOPATHIC FOUNDATION THAT SUPPORTS AND INVESTS IN THE WHOLE PROFESSION BY RECOGNIZING OSTEOPATHIC STUDENTS, RESIDENTS AND PRACTICING PHYSICIANS BASED ON PROFESSIONAL MERIT.EDUCATION: THE AMERICAN OSTEOPATHIC FOUNDATION (AOF) PROVIDES EDUCATIONAL SCHOLARSHIPS TO OSTEOPATHIC MEDICAL STUDENTS IN AN EFFORT TO DEFRAY COSTS OF MEDICAL SCHOOL. 271882 76171 RECOGNITION AWARDS: THE AOF'S INDUSTRY RECOGNITION AWARDS CELEBRATE EXCELLENCE IN EDUCATION, RESEARCH, AND ACADEMIC LEADERSHIP THROUGHOUT TO THE OSTEOPATHIC PROFESSION. 100032 49250 9448 RESEARCH: AOF SUPPORTS OSTEOPATHIC RESEARCHERS WHO EXPLORE NEW MEDICAL INSIGHTS AND MODALITIES TO ENHANCE PATIENT CENTERED CARE. AOF GRANTS PRIMARILY SUPPORT EARLY INVESTIGATORS AND MEDICAL STUDENTS TO ENCOURAGE THE PURSUIT OF KNOWLEDGE THROUGHOUT THEIR CAREERS. 31379 12713 INTERNATIONAL HUMANITARIAN OUTREACH: THE AOF PROVIDES GRANTS TO SUPPORT MEMBERS OF THE OSTEOPATHIC PROFESSION TO HELP DEFRAY TRAVEL COSTS TO PROVIDE MEDICAL SUPPORT TO UNDERSERVED, UNDERDEVELOPED AND/OR DISASTER-STRICKEN AREAS ACROSS THE WORLD. THIS GRANT PROGRAM POSITIVELY IMPACTS THE LIVES OF THOUSANDS OF PATIENTS ANNUALLY WHO MAY HAVE OTHERWISE GONE WITHOUT CARE. INTERNATIONAL HUMANITARIAN OUTREACH GRANTS WERE NOT AWARDED IN 2022 DUE TO COVID19 PRECAUTIONARY MEASURES AS WELL AS INTERNATIONAL TRAVEL RESTRICTIONS. GRANTS TO NON-PROFIT MEDICAL CLINICS OPERATING INTERNATIONALLY WERE INCORPORATED INTO AOF'S PORTFOLIO TO HELP PROVIDE AID DURING THE PANDEMIC. 25266 15000 COMMUNITY SERVICE: THE AOF OFFERS GRANTS TO SUPPORT OSTEOPATHIC EFFORTS THAT PROVIDE COMMUNITY WELLNESS SERVICES AND/OR ACCESSIBLE CARE IN LOCAL COMMUNITIES. 56645 27713 977594 1 1 0 0 0 0 0 0 1 1 1 0 0 0 1 1 1 0 0 0 1 1 0 0 1 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 25 0 7 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 20 20 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 AL AK AR CO CT FL GA HI IL KS KY ME MD DC MA MI MN MS NV NH NJ NY NC ND OH OK OR PA RI SC TN UT VA WA WV WI NM CA X RICHARD BLAIR 3122028234 142 E ONTARIO ST 1450 CHICAGO IL 60611 JEFFREY GROVE DO PAST PRESIDENT 2.00 X X 0 0 0 BARBARA ROSS-LEE DO PRESIDENT 4.00 X X 0 0 0 DAWN TARTAGLIONE DO PRESIDENT ELECT 2.00 X X 0 0 0 THOMAS WALLACE VICE PRESIDENT 2.00 X X 0 0 0 JOSEPH ZAMMUTO DO TREASURER 2.00 X X 0 0 0 J MICHAEL FINLEY DO SECRETARY 2.00 X 0 0 0 JULIEANNE SEES DO DIRECTOR 2.00 X 0 0 0 JEFFREY HEATHERINGTON DIRECTOR 2.00 X 0 0 0 SCOTT CYRUS DO DIRECTOR 2.00 X 0 0 0 MARK FLEMING DIRECTOR 2.00 X 0 0 0 KRIS NICHOLOFF DIRECTOR 2.00 X 0 0 0 JILL HELENBROOK DIRECTOR 2.00 X 0 0 0 TANYA PORTER DIRECTOR 2.00 X 0 0 0 SEGER MORRIS DO DIRECTOR 2.00 X 0 0 0 WENDY MCDONALD RN DIRECTOR 2.00 X 0 0 0 JOHN KOWALCYZK DO DIRECTOR 2.00 X 0 0 0 MATTHEW STOKELL STUDENT DIRECTOR 2.00 X 0 0 0 JEFFREY EDWARDS STUDENT DIRECTOR 2.00 X 0 0 0 SONIA RIVERA MARTINEZ DO DIRECTOR 2.00 X 0 0 0 LINDA SAULNIER DIRECTOR 2.00 X 0 0 0 RITA FORDEN CHIEF EXECUTIVE OFFICER 37.50 X 268243 0 22030 RICHARD BLAIR FINANCE DIRECTOR 37.50 X 130761 0 28109 TERESA SAUNDERS DEVELOPMENT DIRECTOR 40.00 X 102528 0 26622 501532 0 76761 3 0 1 0 0 595048 892649 27343 1487697 PATIENT RECRUITMENT FE 900099 20150 20150 20150 322632 322632 779892 747053 32839 32839 32839 139080 595048 171088 -32008 -32008 4422 2278 2144 2144 GRANT REFUNDS 900099 9448 9448 OTHER REVENUE 900099 177 177 9625 1843079 31919 0 323463 45000 45000 307894 307894 12713 12713 471410 188153 237593 45664 434245 202818 72418 159009 -28342 -11046 -14462 -2834 82208 27619 25413 29176 59478 25545 19808 14125 8164 2250 4584 1330 21800 21800 34892 34892 93097 48870 2021 42206 65464 4012 7552 53900 100462 35531 26687 38244 77810 35624 21773 20413 122397 34129 72555 15713 5084 3252 544 1288 4243 1206 2242 795 BANK, CREDIT CARD FEES 27044 747 26297 EQUIPMENT RENTALS 13796 13796 FILING FEES 9129 9129 MISCELLANEOUS 2169 228 1640 301 2163 2163 1972320 977594 546936 447790 739693 857442 926615 858900 1526 7777 3660 21404 32001 63462 57722 10824 5740 17565304 14317308 0 85220 19265366 16168048 90876 137773 20420 14890 12500 64792 141203 190978 291476 X 13539247 10710463 5535141 5166109 19074388 15876572 19265366 16168048 -129241 -3068575 0 X X 0 1 X 1 0 X 1288391 2357584 933824 2429544 1608777 8618120 1288391 2357584 933824 2429544 1608777 8618120 1811612 6806508 321650 366779 347502 367023 322632 1725586 3746 2804 119130 217 9625 135522 10479228 313376 0.64950 0.63570 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 13918515 383737 -2006700 365607 202180 11727765 11920198 1047089 1256573 155798 149547 13918515 11298524 10000 970399 261299 97426 11920198 9781982 14000 1830745 224217 2875 101111 11298524 10883668 80000 -516745 188008 456778 19355 9781982 0.82470 0.15565 0.01965 1 0 35576 34636 940 7908 7908 0 19978 15178 4800 5740 DUE TO AMERICAN OSTEOPATHIC ASSOCIATION 51587 OPERATING LEASE LIABILITY 89616 141203 X -1082295 -3068575 7005 -3061570 1979275 34892 -171088 -136196 1843079 2115521 7005 171088 178093 1937428 34892 34892 1972320 PART IV, LINE 2B: THE FOUNDATION COSPONSORED A GRANT WITH THE AMERICAN OSTEOPATHIC ASSOCIATION (AOA). HALF OF THE AMOUNT WAS REMITTED TO THE GRANTEE AND THE REMAINDER WILL BE REMITTED WHEN THE GRANTEE SATISFIES CERTAIN CONDITIONS. THUS, THE FOUNDATION IS HOLDING THE AMOUNT FROM THE AOA UNTIL REMITTING TO THE GRANTEE. THE AMOUNT HAS BEEN REPORTED ON THE BALANCE SHEET ON LINE 21 AS A CUSTODIAL LIABILITY. PART V, LINE 4: THE BOARD OF DIRECTORS FEELS THAT GRANTS, TO BE MADE IN THE FUTURE ARE AS IMPORTANT AS GRANTS MADE TODAY. THIS IS CONSISTENT WITH THE PHILOSOPHY THAT THIS FOUNDATION IS TO EXIST IN PERPETUITY, AND THEREFORE, SHOULD PROVIDE FOR GRANT MAKING IN PERPETUITY. THE AOF'S ENDOWMENT FUNDS ARE RESTRICTED FOR SPECIFIC PURPOSE GRANTS, SCHOLARSHIPS, AND AWARDS (I.E., MINORITY SCHOLARSHIP, STUDENT LEADERSHIP AWARD, ETC.). THE PURPOSE OF EACH FUND IS ESTABLISHED WITH THE DONOR PRIOR TO ACCEPTING THE FUNDS. PART X, LINE 2: ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE FOUNDATION AND RECOGNIZE A TAX LIABILITY IF THE FOUNDATION HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE IRS OR OTHER APPLICABLE TAXING AUTHORITIES. PART XI, LINE 4B - OTHER ADJUSTMENTS: SPECIAL EVENT DIRECT EXPENSES -171,088. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT DIRECT EXPENSES 171,088. 1 SUB-SAHARAN AFRICA 0 0 GRANTS TO RECIPIENTS LOCATED IN REGION 12713 0 0 0 0 0 0 12713 0 12713 SUB-SAHARAN AFRICA PURCHASE OF EQUIPMENT FOR REMOTE CLINIC 5213 CHECK 0 SUB-SAHARAN AFRICA EDUCATIONAL AND MEDICAL ASSISTANCE 7500 CHECK 0 2 0 0 0 0 0 0 PART I, LINE 2: THE FOUNDATON REQUIRES A FINANCIAL REPORT TO EVIDENCE THAT THE EXPENDITURE OF THE FUNDS WAS FOR THE PURPOSE FOR WHICH THE FUNDS WERE PROVIDED. PART I, LINE 3: ACTUAL CASH PAID PART III ACCOUNTING METHOD: HONORS DINNER/AWARD CEREMONY 734128 595048 139080 104993 16736 49359 734128 595048 139080 104993 16736 49359 171088 -32008 1 HEALTH OUTREACH PREVENTION EDUCATION INC 3540 E 31ST STREET TULSA OK 74135 731537952 501C3 15000 0 COMMUNITY SERVICES GRANT - CARING FOR COMMUNITIES WESTERN UNIVERSITY OF HEALTH SCIENCES 309 EAST 2ND STREET POMONA CA 91766 953127273 501C3 30000 0 COMMUNITY SERVICES GRANT - CARING FOR COMMUNITIES 2 RESEARCH GRANTS 3 19250 CASH AWARD AMOUNT SCHOLARSHIPS 85 212473 CASH AWARD AMOUNT NONCASH RECOGNITION AWARDS 46 16671 ACTUAL COSTS INCURRED PHYSICAL AWARDS, VIDEO PRODUCTION, PROMOTION RECOGNITION AWARDS 22 59500 CASH AWARD AMOUNT PART I, LINE 2: THE AOF REQUIRES GRANT RECIPIENTS TO COMPLETE A "FUNDING AGREEMENT" THAT SPECIFIES THAT THE FUNDING AWARD IS MADE SOLELY FOR THE PURPOSES SET FORTH IN THE SUBMITTED AND APPROVED FUNDING REQUEST AND THAT FUNDS MAY NOT BE EXPENDED FOR ANY OTHER PURPOSE WITHOUT THE AOF'S PRIOR WRITTEN APPROVAL. IT ALSO SPECIFIES THAT THE GRANTEE'S EXPENDITURES OF FUNDS MUST BE CONSISTENT WITH THE APPROVED BUDGET SUBMITTED TO THE AOF BY GRANTEE AND INCLUDED IN THE FUNDING REQUEST. THE AOF REQUIRES THE GRANTEE TO PROVIDE THE AOF WITH A FINAL NARRATIVE AS WELL AS A FINANCIAL REPORT ON THE USE OF FUNDS ACCORDING TO AN AGREED UPON SCHEDULE. ANY UNUSED FUNDS MUST BE RETURNED TO THE AOF. X X X X 0 0 0 0 0 0 0 0 0 RITA FORDEN CHIEF EXECUTIVE OFFICER 268243 0 0 0 0 0 18875 0 3155 0 290273 0 0 0 RICHARD BLAIR FINANCE DIRECTOR 130761 0 0 0 0 0 9468 0 18641 0 158870 0 0 0 X AUCTION ITEMS 36 18349 FAIR VALUE X PRODUCTION MEDIA 1 8994 FAIR VALUE 0 1 0 FORM 990, PART VI, SECTION B, LINE 11B AOF'S BOARD RETAINS THE SERVICES OF AN INDEPENDENT CPA FIRM TO PREPARE THE ORGANIZATION'S FORM 990. MANAGEMENT REVIEWS THE COMPLETED FORM 990 FOR ACCURACY; THEN A MEETING OR CONFERENCE CALL IS SCHEDULED FOR THE CPA FIRM AND ORGANIZATION MANAGEMENT TO DISCUSS THE FORM 990 WITH THE FINANCE (OR OTHERWISE DESIGNATED) COMMITTEE. A FULL COPY OF THE FORM 990 IS PROVIDED TO ALL VOTING MEMBERS OF THE BOARD PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C ALL AOF OFFICERS, DIRECTORS AND KEY EMPLOYEES ARE ANNUALLY REQUIRED TO COMPLETE A CONFLICT OF INTEREST DISCLOSURE STATEMENT AS A PRECURSOR TO THEIR SERVICE TO THE ORGANIZATION. POTENTIAL CONFLICTS ARE LOGGED WITH AND MONITORED BY THE SECRETARY OF THE BOARD. FORM 990, PART VI, SECTION B, LINE 15A COMPENSATION REVIEW PROCEDURES ARE PERFORMED BY THE AMERICAN OSTEOPATHIC FOUNDATION'S (AOF) EXECUTIVE COMMITTEE; THEN SHARED WITH THE FULL BOARD. EACH EXECUTIVE COMMITTEE MEMBER IS FREE FROM ANY RELATIONSHIPS OR CONFLICTS OF INTEREST WITH RESPECT TO THE ORGANIZATION OR THE ORGANIZATION'S STAFF THAT MAY IMPAIR, OR APPEAR TO IMPAIR, THE DIRECTOR'S ABILITY TO MAKE INDEPENDENT JUDGMENTS REGARDING COMPENSATION POLICIES. MEMBERS OF THE COMMITTEE ARE APPOINTED BY THE BOARD AND MAY BE REMOVED BY THE BOARD IN ACCORDANCE WITH THE BYLAWS. IT IS THE COMMITTEE'S RESPONSIBILITY TO DEVELOP, REVIEW AND APPROVE THE COMPENSATION, BENEFITS, AND ANNUAL MERIT INCREASE ANNUALLY FOR THE ORGANIZATION; GENERALLY IN CONCERT WITH THE ANNUAL BUDGET REVIEW AND APPROVAL PROCESS. EVERY FEW YEARS, THE EXECUTIVE (OR COMPENSATION) COMMITTEE MAY RETAIN A COMPENSATION CONSULTANT TO ASSIST IN A COMPENSATION EVALUATION; INCLUDING A COMPARABILITY ANALYSIS THAT INCLUDES OTHER ORGANIZATIONS WITHIN THE INDUSTRY AND RELEVANT GEOGRAPHIC MARKET. WITHIN THE BUDGET GUIDELINES OF THE ORGANIZATION, THE COMMITTEE ANNUALLY APPROVES CORPORATE GOALS AND OBJECTIVES RELEVANT TO COMPENSATION OF THE EMPLOYEES OF THE AOF INCLUDING THE CEO. THE COMMITTEE EVALUATES THE CEO'S PERFORMANCE IN LIGHT OF THE GOALS AND OBJECTIVES, AND REVIEWS AND RECOMMENDS ANY CHANGES TO THE CEO'S COMPENSATION, INCLUDING (A) SALARY; (B) INCREASE, (C) BONUS, (D) SUPPLEMENTAL BENEFITS, INCLUDING HEALTH, RETIREMENT BENEFITS AND DEFERRED COMPENSATION; (E) EMPLOYMENT AGREEMENTS, SEVERANCE ARRANGEMENTS, AND ANY AMENDMENTS OR WAIVERS TO THESE AGREEMENTS OR ARRANGEMENTS, BASED ON THIS EVALUATION. THE EXECUTIVE COMMITTEE REVIEWS THE CEO'S REVIEWS OF ALL OTHER EMPLOYEES AND DISCUSSES RECOMMENDATIONS IN THE FOLLOWING AREAS: (A) SALARY; (B) ANNUAL OR BI-ANNUAL INCREASE (C) SUPPLEMENTAL BENEFITS, INCLUDING RETIREMENT BENEFITS AND DEFERRED COMPENSATION; (D) EMPLOYMENT AGREEMENTS, SEVERANCE ARRANGEMENTS, AND ANY AMENDMENTS OR WAIVERS TO THESE AGREEMENTS OR ARRANGEMENTS. ONCE REVIEWED, THE COMPENSATION, OR EXECUTIVE COMMITTEE, MAKES A RECOMMENDATION TO THE FULL BOARD FOR ITS APPROVAL OF THE CEO; AND ALL OTHER STAFF INCREASES ARE DISCUSSED IN CONCERT WITH THE REVIEW AND APPROVAL OF THE ANNUAL BUDGET. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, FINANCIAL STATEMENTS AND THE CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON WRITTEN REQUEST TO THE ORGANIZATION. FORM 990, PART XII, LINE 2C THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. AMERICAN OSTEOPATHIC ASSOCIATION 142 E ONTARIO STREET CHICAGO IL 60611 362170786 SERVES AS THE PROFESSIONAL HOME FOR OSTEOPATHIC PHYSICIANS AND STUDENTS IL 501(C)(3) LINE 10 0 0 1 1 0 0 0 0 0 0 0 1 0 1 1 0 1 0 0 0 AMERICAN OSTEOPATHIC ASSOCIATION C CASH RECEIVED AMERICAN OSTEOPATHIC ASSOCIATION K LEASE AGREEMENT AMERICAN OSTEOPATHIC ASSOCIATION P COSTS INCURRED AMERICAN OSTEOPATHIC ASSOCIATION B CASH PAID