2023-10-30T15:10:53-05:00 2022-12-31 420714325 RSM US LLP 1250 H STREET SUITE 700 WASHINGTON DC 20005 990 2022-01-01 541071370 PHYSICIAN ASSOCIATE FOUNDATION OF THE AMERICAN ACADEMY OF PHYSICIAN ASSOCIATES PHYS 7038362272 2318 MILL ROAD 1300 ALEXANDRIA VA 223146868 JAMES BRADEN MILLWARD PRESIDENT 7038362272 2023-10-30 1 JAMES BRADEN MILLWARD 999009999 0 MEREDITH BELL P01696827 2022932200 2023-10-30 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z PHYSICIAN ASSOCIATE FOUNDATION JAMES BRADEN MILLWARD 2318 MILL ROAD 1300 ALEXANDRIA VA 223146868 1607950 0 X WWW.PA-FOUNDATION.ORG X 1977 VA TO DEVELOP AND ALLOCATE RESOURCES THAT EMPOWER THE PHYSICIAN ASSOCIATES TO IMPACT THE HEALTH AND WELLNESS OF COMMUNITIES THEY SERVE. 12 12 0 185 0 0 665762 1431861 0 0 272293 95589 40884 37113 978939 1564563 209589 248228 0 0 466600 418985 0 0 159670 161956 670230 838145 1337443 140794 227120 4299944 4737292 22592 875424 4277352 3861868 THE MISSION OF THE PHYSICIAN ASSOCIATE FOUNDATION (PAF) IS TO EMPOWER PAS TO IMPROVE HEALTH THROUGH PHILANTHROPY AND SERVICE. 0 0 683697 130728 GRANTS PROGRAM: GLOBAL AND DOMESTIC GRANTS PROVIDE FINANCIAL RESOURCES TO PHYSICIAN ASSISTANTS TO COORDINATE PA-LED HEALTH IMPROVEMENT PROGRAMMING IN COMMUNITIES THAT LACK ADEQUATE HEALTH CARE. 178390 117500 SCHOLARSHIP PROGRAM - EACH YEAR, SELECTED STUDENTS FROM AROUND THE COUNTRY RECEIVE SCHOLARSHIPS FROM THE FOUNDATION IN AMOUNTS FROM $500 TO $6,000. A REVIEW COMMITTEE SELECTS RECIPIENTS BASED ON FINANCIAL NEED AND ACADEMIC ACHIEVEMENT, PAST EMPLOYMENT, AND GOALS AS APHYSICIAN ASSISTANT. 862087 1 1 0 0 0 1 0 0 0 1 0 0 0 0 1 0 1 0 0 0 0 0 0 0 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 12 12 0 0 0 0 0 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 VA X X OLGA MOROZ 7038362272 2318 MILL ROAD SUITE 1300 ALEXANDRIA VA 223146868 JACQUELINE SPIEGEL IMMEDIATE PAST PRESIDENT 2.00 0.00 X X 0 0 0 JAMES E DELANEY PA-C PRESIDENT 2.00 0.00 X X 0 0 0 JAMES BRADEN MILLWARD DMSC PA-C VICE PRESIDENT 2.00 0.00 X X 0 0 0 LETICIA BLAND DHSC MPAS PA-C SECRETARY 2.00 0.00 X X 0 0 0 SUSAN SALAHSHOR PHD DFAAPA TREASURER 2.00 0.00 X X 0 0 0 CATHERINE R JUDD MS PA-C CAQ TRUSTEE 2.00 0.00 X 0 0 0 JAMES E ANDERSON MPAS PA-C DFAAPA TRUSTEE 2.00 0.00 X 0 0 0 COURTNEY PETERS TRUSTEE 2.00 0.00 X 0 0 0 LCDR CLIFTON BUTLER MBA MPAS PA-C TRUSTEE 2.00 0.00 X 0 0 0 COOPER COUCH PA-C TRUSTEE 2.00 0.00 X 0 0 0 LAUREN G DOBBS MMS PA-C AAPA APOINTED TRUSTEE 2.00 0.00 X 0 0 0 JAMEE WILLIAMS STUDENT REPRESENTATIVE 2.00 0.00 X 0 0 0 LISA GABLES CEO, AAPA 2.00 35.50 X 28180 500198 41904 LYNETTE SAPPE-WATKINS EXECUTIVE DIRECTOR, PAF 37.50 0.00 X 174151 0 29463 202331 500198 71367 1 0 1 0 0 58043 1373818 1431861 95589 95589 80500 58043 43387 37113 37113 1564563 0 0 132702 X 130728 130728 117500 117500 224493 140481 53260 30752 145701 85202 38354 22145 48791 19330 18677 10784 624 624 18540 10842 4880 2818 27511 27511 542254 327772 147544 66938 900 526 237 137 9193 5376 2420 1397 228 133 60 35 25479 9494 8525 7460 17172 2686 8185 6301 DUES & SUBSCRIPTIONS 19482 11393 5128 2961 AWARDS & GIFTS 7780 7780 BANK FEES 1067 624 281 162 1337443 862087 315686 159670 97033 1122722 6380 5416 2707 2861 4182784 3606293 11040 0 4299944 4737292 22592 49114 0 339164 0 487146 22592 875424 X 1044983 1084804 3232369 2777064 4277352 3861868 4299944 4737292 227120 -642604 0 X X 0 1 X 1 0 X X 1 AAPA 237067770 10 1 0 0 1 0 0 1 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 PART IV, SECTION A, LINE 3B: DETERMINATION IS MADE ON A CONTINUAL BASIS THROUGH THE MONITORING OF SUPPORTED ORGANIZATION REVENUES AND INVESTMENT INCOME, IN ACCORDANCE WITH THE REQUIREMENTS OF THE IRC SECTION 509(A)(2) PUBLIC SUPPORT TEST. PART IV, SECTION A, LINE 3C: THE PHYSICIAN ASSOCIATE FOUNDATION DOES NOT PROVIDE DIRECT SUPPORT TO ITS SUPPORTED ORGANIZATION. RATHER, IT PURSUES CHARITABLE PURPOSES THAT FURTHER THE EDUCATIONAL PURPOSES OF THE ORGANIZATION IT SUPPORTS. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 19 70725 85 130000 1 1 2220892 4700 -282085 1943507 2015330 212234 6672 2220892 1646428 376902 8000 2015330 1452468 228495 34535 1646428 1545219 -42784 49967 1452468 0.36970 0.63030 0 0 0 DUE TO AAPA 487146 487146 1116219 -642604 178384 -464220 1580439 27511 -43387 -15876 1564563 1531703 178384 43387 221771 1309932 27511 27511 1337443 PART V, LINE 4: THE FOUNDATION HAS AN INVESTMENT POLICY SPECIFIC TO ITS ENDOWMENT FUNDS, WHICH IS MONITORED BY THE FINANCE COMMITTEE OF ITS BOARD OF TRUSTEES. THE INVESTMENT POLICY DESCRIBES THE OBJECTIVE FOR THE FUND AND SETS RANGES FOR ASSET ALLOCATION. THE OBJECTIVE OF THE ENDOWMENT FUNDS IS TO MAINTAIN THE ORIGINAL PRINCIPAL, OBTAIN A REASONABLE AND COMPETITIVE RETURN ON ASSETS, REINVEST A PORTION OF THE INCOME OF THE FUND AT NO LESS THAN THE ANNUAL CONSUMER PRICE INDEX TO PREVENT FUTURE EROSION OF THE FUND THROUGH INFLATION AND TO ENSURE A REASONABLE DEGREE OF LIQUIDITY, CONSISTENT WITH ACCEPTANCE OF PRUDENT RISK. THE INVESTMENT OBJECTIVE OF EACH ENDOWMENT FUND IS TO GENERATE SUFFICIENT INCOME TO SUPPORT ITS RESPECTIVE ANNUAL SCHOLARSHIP OR GRANT. INVESTMENTS HELD BY ENDOWMENT FUNDS MAY INCLUDE FIXED INCOME INSTRUMENTS WITH CREDIT RATINGS BBB AND HIGHER, MUTUAL FUNDS, AND CASH EQUIVALENTS; THEY SHOULD EXCLUDE COMMON STOCKS, SHORT POSITIONS, PRIVATE EQUITY, COMMODITIES, OPTIONS, SECURITIES NOT READILY MARKETABLE, REAL ESTATE, TAX-EXEMPT SECURITIES, LEVERAGED TRANSACTIONS OR NON-U.S. DOLLAR DENOMINATED SECURITIES UNLESS THEY ARE WITHIN A WELL-DIVERSIFIED MUTUAL FUND. ALL EARNINGS OF THE ENDOWMENT ARE REFLECTED AS TEMPORARILY RESTRICTED NET ASSETS UNTIL APPROPRIATED FOR EXPENDITURE IN THE FORM OF PROGRAM SPENDING. PART XI, LINE 4B - OTHER ADJUSTMENTS: FUNDRAISING ACTIVITY -43,387. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING ACTIVITY 43,387. PACERS FOR HEALTH 79224 16724 62500 1557 1615 WOMEN IN PHILANTHROPY 32110 14110 18000 6708 9480 1 27209 27209 2461 21116 450 138543 58043 80500 4018 6708 21116 11545 43387 37113 1 BAY PATH UNIVERSITY 1 DENSLOW RD EAST LONGMEADOW MA 01028 042103865 501(C)(3) 5300 0 IMPACT GRANT THE GEORGE WASHINGTON UNIVERSITY HEALING CLINIC 2300 I ST NW ROSS HALL 226 WASHINGTON DC 20037 530196854 501(C)(3) 10000 0 IMPACT GRANTG FREE CLINIC OF CENTRAL VIRGINIA 1016 MAIN ST LYNCHBURG VA 24504 541420756 501(C)(3) 10000 0 GLOBAL OUTREACH GRANT TRINITY FREE CLINIC 1045 W 146TH ST SUITE B CARMEL IN 46032 352120420 501(C)(3) 10000 0 GLOBAL OUTREACH GRANT COMMUNITY EMPOWERMENT 8 MILBURN PARK EVANSTON IL 60201 812760427 501(C)(3) 5145 0 ROBERT K. PEDERSEN GLOBAL OUTREACH GRANT OVI HEALTHCARE PO BOX 250 SOMERSET KY 42502 811079318 501(C)(3) 10105 0 ROBERT K. PEDERSEN GLOBAL OUTREACH GRANT 6 0 SCHOLARSHIPS 83 103500 RESEARCH FELLOWSHIPS 1 4000 WILLIAM H. MARQUARDT COMMUNITY HEALTH ACCESS FELLOWSHIPS 4 10000 PART I, LINE 2: THE PA FOUNDATION REQUIRES THAT ALL GRANT RECIPIENTS SIGN A "GRANT AWARD AGREEMENT," WHICH LAYS OUT THE TERMS OF THE GRANT AWARD AND PROPER USE OF FUNDS, UPON ACCEPTANCE OF THE GRANT FUNDING. IN ADDITION, GRANT RECIPIENTS MUST SUBMIT A "FINAL PROGRESS REPORT" WITHIN THREE MONTHS OF THE COMPLETION OF THE PROGRAM/PROJECT THAT HAS BEEN IMPLEMENTED USING GRANT FUNDS. X 0 0 0 0 0 0 0 0 0 LISA GABLES CEO, AAPA 25584 454122 2472 43878 124 2198 1676 29740 963 17087 30819 547025 0 0 LYNETTE SAPPE-WATKINS EXECUTIVE DIRECTOR, PAF 171729 0 0 0 2422 0 7116 0 28144 0 209411 0 0 0 PART I, LINE 3 PAF DOES NOT HAVE EMPLOYEES. THE COMPENSATION OF INDIVIDUALS LISTED ON FORM 990, PART VII AND SCHEDULE J, PART II ARE PAID BY THE AMERICAN ACADEMY OF PHYSICIAN ASSOCIATES (AAPA), A 501(C)(6) RELATED ORGANIZATION. PAF RELIES ON THE COMPENSATION DETERMINATION METHODOLOGY OF AAPA. THAT ORGANIZATION USES THE FOLLOWING TO ESTABLISH COMPENSATION FOR ITS CEO: INDEPENDENT COMPENSATION CONSULTANT, COMPENSATION SURVEY OR STUDY, APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE. FORM 990, PART VI, SECTION A, LINE 7A THE AMERICAN ACADEMY OF PHYSICIAN ASSOCIATES BOARD OF DIRECTORS HAS FINAL RIGHT-OF-APPROVAL FOR TRUSTEE CANDIDATES APPOINTED BY THE PAF BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7B THE AMERICAN ACADEMY OF PHYSICIAN ASSOCIATES BOARD OF DIRECTORS HAS FINAL RIGHT-OF-APPROVAL FOR TRUSTEE CANDIDATES APPOINTED BY THE PAF BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B THE CEO OF AAPA REVIEWS THE FOUNDATION'S FORM 990 RETURN WITH THE PAF EXECUTIVE DIRECTOR AND PRESIDENT. THE FORM 990 IS ALSO MADE AVAILABLE FOR BOARD REVIEW AND CONSIDERATION PRIOR TO ITS FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C IN ORDER TO PROACTIVELY ADDRESS ANY POTENTIAL CONFLICTS OF INTEREST, THE TRUSTEES, OFFICERS, AND MEMBERS OF COMMITTEES (COLLECTIVELY REFERRED TO AS "LEADERS") ARE REQUIRED ANNUALLY TO COMPLETE AND SUBMIT A DISCLOSURE FORM DETAILING ANY FINANCIAL INTEREST, AS WELL AS ALL PAID AND UNPAID POSITIONS AND RELATIONSHIPS WITH THIRD PARTY ORGANIZATIONS. EACH LEADER IS REQUIRED TO UPDATE THE DISCLOSURE FORM IF ANY MATERIAL CHANGES OR ADDITIONS TO THE SUBMITTED INFORMATION ARISE DURING THE COURSE OF THE YEAR. ON THE DISCLOSURE FORM, THE LEADER MUST LIST ALL FINANCIAL ARRANGEMENTS AND TRANSACTIONS WITH THE PA FOUNDATION, WHETHER THE LEADER OR ANY FAMILY MEMBER HAS AN INTEREST IN ANY THIRD PARTY THAT PROVIDES THE PA FOUNDATION WITH GOODS OR SERVICES, AND ANY OTHER ORGANIZATIONS WITH POTENTIALLY CONFLICTING INTERESTS IN WHICH THE LEADER OR A FAMILY MEMBER IS ACTIVELY INVOLVED, HAS A SIGNIFICANT INVESTMENT, OR OWNS AT LEAST 1% INTEREST. EACH LEADER IS ENCOURAGED TO DISCLOSE A RELATIONSHIP IF THERE IS ANY UNCERTAINTY AS TO WHETHER OR NOT THE RELATIONSHIP SHOULD BE DISCLOSED. FORM 990, PART VI, SECTION B, LINE 15 A PROCESS WAS USED TO DETERMINE COMPENSATION FOR THE EXECUTIVE DIRECTOR, SENIOR PROGRAM MANAGER AND PROGRAM MANAGER. QUATT ASSOCIATES, INDEPENDENT COMPENSATION SPECIALISTS, PRICED THE POSITIONS TO COMPARABLE POSITIONS IN COMPARABLE ORGANIZATIONS. THEY DEVELOPED A TARGET SALARY AND A SALARY RANGE FOR EACH POSITION. THE TARGET SALARY AND RANGE WERE APPROVED BY THE CEO, CFO AND VP OF HUMAN RESOURCES OF AAPA. THE INDIVIDUALS IN THE THREE POSITIONS ARE COMPENSATED WITHIN THE RANGE. THIS PROCESS IS GENERALLY UNDERTAKEN EVERY 2-3 YEARS. IF THE ASSOCIATION WERE TO REHIRE/REFILL A POSITION, THE ASSOCIATION WOULD HAVE IT RE-PRICED ACCORDINGLY. ADDITIONALLY, THE MIDPOINT OF THE RANGES IS INCREASED BY 3% EACH YEAR TO ACCOUNT FOR INFLATION. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 11G PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 327,772. MANAGEMENT AND GENERAL EXPENSES 147,544. FUNDRAISING EXPENSES 66,938. TOTAL EXPENSES 542,254. FORM 990, PART XII, LINE 2C: THE AUDIT OVERSIGHT PROCESS HAS REMAINED UNCHANGED FROM THE PREVIOUS YEAR. AMERICAN ACADEMY OF PHYSICIAN ASSOCIATES 2318 MILL ROAD ALEXANDRIA VA 22314 237067770 ENSURE THE PROFESSIONAL GROWTH AND RECOGNITION OF PHYSICIAN ASSISTANTS. VA 501(C)(6) N/A 0 0 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 AMERICAN ACADEMY OF PHYSICIAN ASSOCIATES O 418985 FMV AMERICAN ACADEMY OF PHYSICIAN ASSOCIATES M 178384 FMV