2023-11-10T13:37:49-06:00 2022-12-31 510232475 Cover & Rossiter PA 2711 Centerville Road Suite 100 Wilmington DE 19808 990 2022-01-01 510075162 Delaware Academy of Medicine Inc DELA 3027333952 PO Box 89 Historic New Castle DE 19720 Timothy E Gibbs Executive Director 3027333952 2023-11-10 1 Timothy Gibbs 999009999 1 Peter Kennedy P00571422 3026566632 2023-11-10 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z Timothy E Gibbs PO Box 89 Historic New Castle DE 19720 1954064 0 X www.delamed.org X 1930 DE Founded in 1930, the Organization focuses on public health and research. 19 18 5 18 0 0 341508 1599182 109502 135008 103414 25697 0 0 554424 1759887 0 0 0 0 318803 461780 0 0 17079 228153 952460 546956 1414240 7468 345647 3589427 3796742 334916 846477 3254511 2950265 X The Delaware Academy of Medicine, Inc. is a private, non-profit organization founded in 1930. Our mission is to enhance the well-being of the community through education and the promotion of public health. This mission is accomplished through professional and lay education, advocacy efforts, partnerships with like-minded individuals and entities, and with guidance from national organizations including the American Public Health Association and the National Academy of Medicine. 1 0 1282733 131227 Community Education & Resources(CER): For the professional/clinical healthcare community, the Delaware Academy of Medicine, Inc. provides training and professional development programs on a wide range of topics; from specialty education to public health education topics including cultural competency, health literacy, and trends in public health practices.The Delaware Academy of Medicine, Inc. operates the Immunization Coalition of Delaware program and the Stroke Prevention and Resources project. The Delaware Academy of Medicine, Inc. is the State of Delaware affiliate of the American Public Health Association, and publishes the Delaware Journal of Public Health.In addition, the Delaware Academy of Medicine, Inc., operates the Delaware Health Force initiative in a collaborative relationship with the State of Delaware and the Delaware Health Care Commission. 20366 3781 Student Financial Aid(SAF): The student financial aid program offered by the Delaware Academy of Medicine, Inc. provides general assistance loans to Delaware residents studying medicine and dentistry. 1303099 1 1 0 0 0 0 0 1 0 1 1 0 1 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 5 0 1 5 1 0 0 0 0 0 0 0 0 0 0 0 0 X 19 18 0 0 0 0 1 1 0 1 1 0 0 1 1 1 0 0 1 1 0 0 X X X The Delaware Academy of Medicine Inc 3027333919 PO Box 89 Historic New Castle DE 19720 S John Swanson MD FACS President 2.00 X X 0 0 0 Omar A Khan MD MHS FAAFP Immediate Past President 2.00 X X 0 0 0 Lynn Jones FACHE President-Elect 2.00 X X 0 0 0 Professor Rita Landgraf Vice President 2.00 X X 0 0 0 Jeffrey M Cole DDS MBA Treasurer 2.00 X X 0 0 0 Stephen C Eppes MD Secretary 2.00 X X 0 0 0 David M Bercaw MD FAAFP Director 2.00 X 0 0 0 Daniel J Meara MD DMD Director 2.00 X 0 0 0 Timothy E Gibbs MPH NPMc Executive Director 40.00 X X 121027 0 31127 Lee P Dresser MD Director 2.00 X 0 0 0 Eric T Johnson MD Director 2.00 X 0 0 0 Erin M Kavanaugh MD Director 2.00 X 0 0 0 Joseph Kelly DDS Director 2.00 X 0 0 0 Joseph F Kestner Jr MD Director 2.00 X 0 0 0 Brian W Little MD PhD Director 2.00 X 0 0 0 Arun V Malhotra MD Director 2.00 X 0 0 0 Ann Painter MSN RN Director 2.00 X 0 0 0 John P Piper MD Director 2.00 X 0 0 0 Charmaine Wright MD MSHP Director 2.00 X 0 0 0 Robert B Flinn MD Emeritus 1.00 X 0 0 0 Barry S Kayne DDS Emeritus 1.00 X 0 0 0 121027 0 31127 1 0 1 0 The Nemours Foundation 10140 Centurion Parkway North Jacksonville FL 32256 Community Health Worker Initiative 257888 Christiana Care Health Services 200 Hygeia Drive Suite 2400 Newark DE 19713 Residency and Fellowship Expansion Initi 240000 2 2474 282812 1138781 175115 1599182 Program Service Contra 541900 79727 79727 Health Conferences 611430 27282 27282 Contract Services 900099 21698 21698 Student Loan Interest 900009 3781 3781 Sublet Income 900099 2520 2520 135008 16497 16497 203377 194177 9200 9200 9200 1759887 135008 0 25697 X 151575 127322 19705 4548 265157 222732 34470 7955 3345 2810 435 100 13476 11320 1752 404 28227 23711 3670 846 11000 11000 2064 2064 16000 16000 774 774 333769 331154 2615 1180 1180 22718 20061 2657 142570 142570 22326 20093 2233 543 543 21505 18279 3226 12974 12974 12131 9098 3033 Program Supplies 319367 314713 4654 Archive Supplies 22189 22189 DPHA 8978 8978 Bank fees 2372 2372 1414240 1303099 94062 17079 38588 794951 40272 115647 7000 9639 512706 270693 254987 242013 2907254 2290979 341326 343513 3589427 3796742 11286 41115 0 471289 323630 334073 334916 846477 X 395235 452281 2859276 2497984 3254511 2950265 3589427 3796742 345647 -649893 0 X X 0 1 X 1 1 1 X 316115 235752 313727 341508 1599182 2806284 105065 141642 101558 109502 135008 592775 421180 377394 415285 451010 1734190 3399059 0 0 0 3399059 27258 21625 12195 10938 16497 88513 27258 21625 12195 10938 16497 88513 448438 399019 427480 461948 1750687 3487572 0.97460 0.95820 0.02540 0.04180 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X 0 9436920 70561 -1203308 306812 46000 22201 7929160 8610814 57692 1192478 331583 78200 14281 9436920 7800463 27897 1161286 290492 73900 14440 8610814 6357969 446916 1370510 275808 80000 19124 7800463 6902946 195354 -410431 313916 15984 6357969 0.04298 0.95702 0 1 1 380194 152870 227324 132512 117823 14689 242013 Student Loans Receivable (Net) 343513 C 343513 Due to the Preston Trust 10766 Due to the Carpenter Trust 323307 334073 234370 -649893 -576508 -1226401 1460771 16304 282812 299116 1759887 1419658 6192 6192 1413466 774 774 1414240 Part III, Line 1a: Since 1930, the Delaware Academy of Medicine, Inc. has been collecting materials to preserve the history of medicine, dentistry, nursing, and the health professions in Delaware. This collection has grown into the Delaware Academy of Medicine Archive of History of Medicine and Dentistry. The archive now holds books and journals, medical and dental instruments, furniture, photographs, records of Delaware medical societies, including the Academy itself, personal papers of and biographical information about members of the Delaware medical community, and paintings, sculptures, and other art works. Part V, Line 4: The Academy's investments consist of investments that are available for general operations and investments that are restricted in purpose by the donor. The investments are monitored by an independent advisory council who provides counsel to the Board of Directors. All fiduciary responsibility lies with the Board of Directors. The investments are managed by Brown Advisory, in compliance with established Board investment policies and restrictions placed upon the funds by donors. The Carpenter Trust was established by the donor in order to provide funding for the Academy's medical student loan program. The Preston Trust is used to help fund the Academy's general operations and provides for a monthly transfer to the Academy's operating account. In addition, a portion of this Trust is also to be used for the student loan program. Part XI, Line 2d - Other Adjustments: Supporting Organization - Investment income 187,423. Supporting Organization - Realized loss on investments -1,836. Supporting Organization - Unrealized gain on investments -764,699. Supporting Organization - Student loan interest income 2,604. Part XI, Line 4b - Other Adjustments: Contributions from Supporting Organization 282,812. Part XII, Line 2d - Other Adjustments: Supporting Organization- Bank/CC Fees 299. Supporting Organization- Bank/CC Fees 5,893. X 0 0 0 0 0 0 0 1 0 Timothy E Gibbs MPH NPMc Executive Director 115027 0 6000 0 0 0 7462 0 23665 0 152154 0 0 0 Part I, Line 7 The Board may approve a bonus pool amount based on performance to mission and subject to the availability of funds. Form 990, Part III, line 2 ARPA Programming - A new agreement was entered into betweeen Delaware Academy of Medicine and the State of Delaware. Funds are to be used for specific capital projects, other eligible projects, or eligible purchases solely in relation to the COVID pandemic. The specified projects include: Delaware Health Force database initiative, tracking all types of healthcare providers against changing demographics, and current acute and chronic disease data; Delaware Mini Medical School expansion to increase number of students pursuing a career in the health sciences; Student Financial Aid Loan program expansion now providing loans for non-physician and non-dental degrees; and a Residency/Fellowship builder program to create specialty residencies and fellowships in advanced practice areas. Form 990, Part VI, Section A, line 6 Membership is open to healthcare and public health practitioners and researchers as well as qualified students. Form 990, Part VI, Section A, line 7a Members shall elect the Board of Directors at the annual meeting. Form 990, Part VI, Section B, line 11b The 990 is provided to the Academy for review and signature before it is filed. The return will be electronically filed by the preparer once an appropriate official from the Academy signs the authorization form. Form 990, Part VI, Section B, line 15a The Executive Committee will review the Executive Director's performance and determine if any adjustment to compensation is warranted. All other employees of the Academy are reviewed annually by the Executive Director. Goals are set, concerns discussed, and compensation adjustments are determined at that time. The Executive Committee provides final approval. Form 990, Part VI, Section C, line 19 Governing documents are made available to the general public on the organization's website. Form 990, Part IX, line 11g Payroll Processing Fee: Program service expenses 0. Management and general expenses 2,615. Fundraising expenses 0. Total expenses 2,615. Proofreading Fee: Program service expenses 2,320. Management and general expenses 0. Fundraising expenses 0. Total expenses 2,320. ARPA State Funded: Data and Research: Program service expenses 88,834. Management and general expenses 0. Fundraising expenses 0. Total expenses 88,834. ARPA State Funded: Residency and Fellowship: Program service expenses 240,000. Management and general expenses 0. Fundraising expenses 0. Total expenses 240,000. Form 990, Part XII, Line 2C Delaware Academy of Medicine's Board assumes responsibility for oversight of the financial statement audit and the selection of the independent auditors. Preston Charitable Trust for Delaware Academy of Medicine Inc C/O Brown Advisory 5701 Kennett Pik Wilmington DE 19807 516149923 Trust DE 501(c)(3) Line 12A, I 0 Carpenter for Delaware Academy of Medicine Inc C/O Brown Advisory 5701 Kennett Pik Wilmington DE 19807 237337255 Trust DE 501(c)(3) Line 12A, I 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 Preston Trust - Unitrust Payments C 282812 Actual Preston Trust - Student Loan Funds E 10765 Net Book Value Carptenter Trust - Student Loan Funds R 3323 Actual Carptenter Trust - Student Loan Funds S 12000 Actual Carptenter Trust - Student Loan Funds E 307794 Net Book Value Preston Trust - Student Loan Funds R 541 Actual