2024-10-28T07:47:58-05:00 2023-12-31 410746749 CLIFTONLARSONALLEN LLP 901 N GLEBE ROAD SUITE 200 ARLINGTON VA 22203 990 2023-01-01 541732481 PHYSICAL THERAPY FUND PHYS 8009992782 3030 POTOMAC AVE 100 ALEXANDRIA VA 22305 CARMEN ELLIOTT EXECUTIVE DIRECTOR 8009992782 2024-10-02 1 1 ROBERT WILLIAMS P01345960 5712279500 2024-10-02 2023 2024-10-15 13:58:12Z CARMEN ELLIOTT 3030 POTOMAC AVE 100 ALEXANDRIA VA 22305 1234551 0 X N/A X 1993 VA THE PHYSICAL THERAPY FUND PROVIDES RESEARCH AND EDUCATIONAL SUPPORT FOR PHYSICAL THERAPY. 5 5 0 5 0 0 258519 228053 0 0 183966 68398 -24045 -62398 418440 234053 76000 95000 0 0 0 0 0 0 0 19947 23647 95947 118647 322493 115406 3801369 4199544 38139 13172 3763230 4186372 THE PHYSICAL THERAPY FUND PROVIDES RESEARCH AND EDUCATIONAL SUPPORT FOR PHYSICAL THERAPY. 0 0 110137 95000 0 THE PHYSICAL THERAPY FUND GRANTS SCHOLARSHIPS FOR RESEARCH/EDUCATION IN THE FIELD OF PHYSICAL THERAPY. SPEAKERS DISCUSS RELEVANT TOPICS AT THE LEADERSHIP CONFERENCE WHILE INTERNS CONTRIBUTE TO RESEARCH/EDUCATION ISSUES. 110137 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 1 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 1 3 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 5 5 0 1 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 0 0 0 X AMERICAN PHYSICAL THERAPY ASSOCIATION-MARY EVERS 7036842782 3030 POTOMAC AVE SUITE 100 ALEXANDRIA VA 22305 KIM NIXON-CAVE PRESIDENT 1.00 20.00 X X 0 16500 0 CYNTHIA ARMSTRONG VICE PRESIDENT 1.00 20.00 X X 0 16500 0 KYLE COVINGTON SECRETARY 1.00 20.00 X X 0 20000 0 STEVEN WENTZ TREASURER 1.00 0.00 X X 0 0 0 BERNADETTE YORK DIRECTOR 1.00 0.00 X 0 0 0 CARMEN ELLIOTT EXECUTIVE DIRECTOR 12.00 28.00 X 0 188251 34960 0 241251 34960 0 0 1 0 0 119000 109053 228053 61453 61453 902685 895740 6945 6945 6945 42360 119000 104758 -62398 -62398 234053 0 0 6000 95000 95000 3647 3647 6063 6063 4360 4360 2630 2630 LECTURE FEES 3000 3000 MAINTENANCE / REPAIR 1500 1500 2447 2447 118647 110137 8510 0 243661 175250 28626 100644 100629 7625 5000 22500 3423453 3893525 3801369 4199544 6859 4172 31280 9000 38139 13172 X 3763230 4186372 3763230 4186372 3801369 4199544 115406 307736 0 X 0 1 X 1 0 X 87423 393856 1661466 258519 228053 2629317 87423 393856 1661466 258519 228053 2629317 140281 2489036 46508 15445 1907 21484 61453 146797 18100 4100 15950 42360 80510 2856624 0.87130 0.90690 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: FUNDRAISING REVENUE - 2019 AMOUNT: $ 18,100. 2020 AMOUNT: $ 4,100. 2022 AMOUNT: $ 15,950. 2023 AMOUNT: $ 42,360. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1447204 46589 26771 1467022 1562767 -89434 26129 1447204 516358 1000000 70048 23639 1562767 461987 75597 21226 516358 385148 95053 18214 461987 0.00000 0.81644 0.18356 0 0 0 X PART V, LINE 4: THE ENDOWMENT FUNDS OF THE PHYSICAL THERAPY FUND ARE TO BE USED FOR SCHOLARSHIP FUNDING, PROVIDE SUPPORT FOR SUMMER INTERNS FOR GOVERNMENT AFFAIRS DEPARTMENT, SUPPORT HONORARIUM AND TRAVEL EXPENSES FOR LECTURERS, AND SUPPORT DELEGATES TO CONVENTIONS. PART X, LINE 2: APTA, A.P.T. PROPERTIES, PT FUND, PT PAC, AND THE FPTR ARE EXEMPT FROM THE PAYMENT OF FEDERAL INCOME TAXES ON THEIR EXEMPT ACTIVITIES UNDER SECTION 501(C)(6), 501(C)(2), 501(C)(3), 527, AND 501(C)(3), RESPECTIVELY, OF THE INTERNAL REVENUE CODE (IRC). THE LLC IS CONSIDERED A DISREGARDED ENTITY FOR FEDERAL INCOME TAX PURPOSES. THE ORGANIZATION IS SUBJECT TO TAX ON ANY UNRELATED BUSINESS INCOME. PT FUND HAS NOT BEEN CLASSIFIED AS A PRIVATE FOUNDATION UNDER SECTION 509(A)(2) OF THE IRC. THE FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAX ON ITS EXEMPT ACTIVITIES AND IS CLASSIFIED AS A PUBLIC CHARITY UNDER SECTION 509(A)(2) OF THE IRC. MANAGEMENT HAS CONCLUDED THAT EACH ENTITY HAS MAINTAINED ITS EXEMPT STATUS AND THAT THERE ARE NO UNCERTAIN TAX POSITIONS AS OF DECEMBER 31, 2023 AND 2022. APTA GENERATES UNRELATED BUSINESS INCOME THAT IS SUBJECT TO FEDERAL AND STATE INCOME TAXES. FOR TAX AND CONSOLIDATED FINANCIAL STATEMENT PURPOSES, APTA HAD LOSS CARRY FORWARDS FROM UNRELATED BUSINESS INCOME ACTIVITIES TOTALING APPROXIMATELY $3,811,000 AND $3,716,000 AS OF DECEMBER 31, 2023 AND 2022, RESPECTIVELY, WHICH MAY BE USED TO OFFSET FUTURE TAXABLE INCOME. MANAGEMENT HAS DETERMINED IT IS NOT PROBABLE THIS CARRYFORWARD WILL BE UTILIZED IN FUTURE YEARS, AND THUS NO DEFERRED TAX ASSET HAS BEEN RECORDED ON THE CONSOLIDATED STATEMENTS OF FINANCIAL POSITION. A.P.T PROPERTIES, PT FUND, PT PAC, LLC, AND THE FPTR HAD NO UNRELATED BUSINESS INCOME FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022. CELEBRATION OF DIVERSITY 161360 119000 42360 42652 47783 14323 161360 119000 42360 42652 47783 14323 104758 -62398 0 MCMILLIAN SCHOLARSHIP 6 26000 N/A N/A MINORITY SCHOLARSHIP 14 68000 N/A N/A HARKER INTERNSHIP 1 1000 N/A N/A PART I, LINE 2: FOR SCHOLARSHIP PAYMENTS, THE STUDENTS ARE PERMITTED TO USE FOR ANY PURPOSE (BUT THEY ARE RESPONSIBLE FOR ANY TAX RAMIFICATIONS OF NOT USING FOR QUALIFIED EXPENSES). PHYSICAL THERAPY FUND DOES NOT MONITOR THE STUDENTS' USE OF THE FUNDS. 0 0 0 0 0 0 0 0 0 CARMEN ELLIOTT EXECUTIVE DIRECTOR 0 188251 0 0 0 0 0 28481 0 6479 0 223211 0 0 FORM 990, PART VI, SECTION A, LINE 1A WHEN THE BOARD OF DIRECTORS IS NOT IN SESSION, THE EXECUTIVE COMMITTEE, THE MEMBERS OF WHICH SHALL BE THE SAME AS THE MEMBERS OF THE ASSOCIATION'S EXECUTIVE COMMITTEE SHALL HAVE AND MAY EXERCISE ALL THE AUTHORITY OF THE BOARD OF DIRECTORS EXCEPT AS LIMITED BY LAW OR BY RESOLUTION OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 3 THE ORGANIZATION DELEGATES CONTROL TO ITS PARENT COMPANY, THE AMERICAN PHYSICAL THERAPY ASSOCIATION. FORM 990, PART VI, SECTION A, LINE 6 THE SOLE VOTING MEMBER OF THE PHYSICAL THERAPY FUND IS THE AMERICAN PHYSICAL THERAPY ASSOCIATION. FORM 990, PART VI, SECTION A, LINE 7A THE GOVERNING BODY OF THE PHYSICAL THERAPY FUND SHALL BE ELECTED BY THE AFFIRMATIVE VOTE OF THE AMERICAN PHYISCAL THERAPY ASSOCIATION, THE SOLE VOTING MEMBER. FORM 990, PART VI, SECTION B, LINE 11B PHYSICAL THERAPY FUND'S BOARD WILL REVIEW THE DRAFT FORM 990 BEFORE IT IS FILED WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C ACCORDING TO THE ORGANIZATION'S CONFLICT OF INTEREST POLICY, THE COVERED PERSONS ARE ALL CURRENTLY ELECTED MEMBERS OF THE BOARD OF DIRECTORS, THE CEO, AND STAFF. MEMBERS OF THE BOARD OF DIRECTORS ARE REQUIRED TO SIGN A STATEMENT ANNUALLY ATTESTING THAT HE/SHE HAS READ THE CONFLICT OF INTEREST POLICY AND UNDERSTANDS THIS POLICY. THEY ARE FURTHER OBLIGATED TO DISCLOSE ANY CONFLICTS AND SHALL REFRAIN FROM PARTICIPATING IN OR BEING PRESENT FOR DELIBERATIONS, DISCUSSIONS, OR DECISIONS RELATED TO THE DISCLOSED CONFLICT RELATIONSHIP. THE CEO IS RESPONSIBLE FOR ADMINISTERING AND ENFORCING THE BOARD OF DIRECTORS' POLICIES. THE CEO IS ALSO RESPONSIBLE FOR ADMINISTERING AND ENFORCING THE STAFF POLICIES. ACCORDING TO APTA STAFF POLICY #205, STAFF ARE REQUIRED TO DISCLOSE TO THEIR VP OR EVP ANY SITUATION WHERE THEY MAY HAVE A POTENTIAL CONFLICT. IN THESE CASES, STAFF MAY NOT PARTICIPATE IN ANY DECISION MAKING RELATED TO THE CONFLICT. ATTACHED ARE COPIES OF BOTH THE BOARD AND STAFF POLICIES. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION DOES NOT PROVIDE COMPENSATION TO CEO, EXECUTIVE DIRECTOR, TOP MANAGEMENT OFFICIALS, OFFICERS OR KEY EMPLOYEES. ALL PHYSICAL THERAPY FUND (PTF) BOARD MEMBERS ARE MEMBERS OF RELATED ORGANIZATION, AMERICAN PHYSICAL THERAPY ASSOCIATION (APTA). APTA COMPENSATES CEO, EXECUTIVE DIRECTORS, TOP MANAGEMENT OFFICIALS, OFFICERS OR KEY EMPLOYEES. APTA HAS A PROCESS IN PLACE FOR DETERMINING THE COMPENSATION OF THE CEO, EXECUTIVE DIRECTOR, TOP MANAGEMENT OFFICIAL, OFFICERS AND KEY EMPLOYEES OF THE ORGANIZATION. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. AMERICAN PHYSICAL THERAPY ASSOCIATION 3030 POTOMAC AVE SUITE 100 ALEXANDRIA VA 22305 131512769 MEMBERSHIP ORGANIZATION IL 501(C)(6) N/A 0 APT PROPERTIES INC 3030 POTOMAC AVE SUITE 100 ALEXANDRIA VA 22305 541233877 TITLE HOLDING CORPORATION VA 501(C)(2) APTA 0 PHYSICAL THERAPY POLITICAL ACTION COMMITTEE 3030 POTOMAC AVE SUITE 100 ALEXANDRIA VA 22305 546145303 POLITICAL ACTION COMMITTEE VA 527 APTA 0 0 0 1 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 0 AMERICAN PHYSICAL THERAPY ASSOCIATION C 75000 CASH AMERICAN PHYSICAL THERAPY ASSOCIATION O 46147 FMV