2024-10-17T13:19:38-05:00 2023-12-31 410746749 CLIFTONLARSONALLEN LLP 901 NORTH GLEBE ROAD SUITE 200 ARLINGTON VA 22203 990 2023-01-01 541233877 AMERICAN PHYSICAL THERAPY PROPERTIES INC AMER 7036842782 3030 POTOMAC AVENUE SUITE 100 ALEXANDRIA VA 22305 DAVID KEEN CHIEF FINANCIAL OFFICER 7037063131 2024-10-03 1 1 ROBERT WILLIAMS P01345960 5712279500 2023 2024-10-15 13:58:12Z X JUSTIN MOORE 3030 POTOMAC AVENUE SUITE 100 ALEXANDRIA VA 22305 0 0 X N/A X 1983 VA ORGANIZATION WAS DISSOLVED ON 10/26/2023. X 16 16 0 16 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 878 0 878 0 -878 0 17042091 0 0 0 17042091 0 X HOLD OFFICE SPACE FOR EXEMPT ORGANIZATIONS. THE ORGANIZATION WAS DISSOLVED ON 10/26/2023. 0 1 0 0 0 ORGANIZATION WAS DISSOLVED ON 10/26/2023. 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 X 16 16 0 1 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 0 0 0 X DAVID KEEN CHIEF FINANCIAL OFFICER 7037063131 3030 POTOMAC AVE ALEXANDRIA VA 22305 ROGER HERR PRESIDENT 1.00 20.00 X X 0 25000 0 SUSAN APPLING VICE PRESIDENT 1.00 20.00 X X 0 20000 0 KIP SCHICK SECRETARY 1.00 20.00 X X 0 20000 0 JEANINE GUNN TREASURER 1.00 20.00 X X 0 20000 0 WILLIAM MCGEHEE SPEAKER OF THE HOUSE 1.00 20.00 X X 0 20000 0 KYLE COVINGTON VICE SPEAKER 1.00 21.00 X 0 20000 0 CINDY ARMSTRON DIRECTOR 1.00 20.00 X 0 16500 0 CARMEN COOPER-OGUZ DIRECTOR 1.00 20.00 X 0 16500 0 SKYE DONOVAN DIRECTOR 1.00 20.00 X 0 16500 0 HEATHER JENNINGS DIRECTOR 1.00 20.00 X 0 16500 0 CRAIG JOHNSON DIRECTOR 1.00 20.00 X 0 16500 0 ZOHER KAPASI DIRECTOR 1.00 20.00 X 0 16500 0 DAN MILLS DIRECTOR 1.00 20.00 X 0 16500 0 KIM NIXON-CAVE DIRECTOR 1.00 21.00 X 0 16500 0 VICKI TILLEY DIRECTOR 1.00 20.00 X 0 16500 0 CRIS MASIS PUBLIC MEMBER 1.00 20.00 X 0 16500 0 JUSTIN MOORE ASSISTANT SECRETARY 5.00 50.00 X 0 559059 97048 DAVID KEEN ASSISTANT TREASURER 5.00 50.00 X 0 278774 103654 0 1127833 200702 0 0 1 0 0 0 0 0 0 0 56174 0 0 0 0 0 0 0 0 0 0 0 0 0 0 16985917 0 17042091 0 0 0 X 17042091 0 17042091 0 17042091 0 X 0 -17042091 X 0 1 X 1 0 0 X 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. 0 0 0 JUSTIN MOORE ASSISTANT SECRETARY 0 516033 0 43026 0 0 0 40130 0 56918 0 656107 0 0 DAVID KEEN ASSISTANT TREASURER 0 273774 0 5000 0 0 0 44051 0 59603 0 382428 0 0 TRANSFER OF NET ASSETS 2023-05-05 2995948 FMV 821434174 APTA CENTENNIAL PROPERTIES LLC 3030 POTOMAC AVE ALEXANDRIA VA 22305 LLC 0 0 0 0 1 1 1 1 0 FORM 990, PART III, LINE 3 ORGANIZATION WAS DISSOLVED ON 10/26/2023. 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 APT PROPERTIES IS THE AMERICAN PHYSICAL THERAPY ASSOCIATION. FORM 990, PART VI, SECTION A, LINE 7A THE GOVERNING BODY OF THE APT PROPERTIES SHALL BE ELECTED BY THE AFFIRMATIVE VOTE OF THE AMERICAN PHYSICAL THERAPY ASSOCIATION, THE SOLE VOTING MEMBER. FORM 990, PART VI, SECTION B, LINE 11B THE APT PROPERTIES BOARD OF DIRECTORS WILL REVIEW THE DRAFT 990 BEFORE IT IS FILED WITH THE IRS. 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 RELATED TO THE CONFLICT. 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 AMERICAN PHYSICAL THERAPY PROPERTIES (APTP) BOARD MEMBERS ARE MEMBERS OF RELATED ORGANIZATION, AMERICAN PHYSICAL THERAPY ASSOCIATION (APTA). APTA COMPENSATES THE CEO, EXECUTIVE DIRECTORS, TOP MANAGEMENT OFFICIALS, OFFICERS AND KEY EMPLOYEES. APTA HAS A PROCESS IN PLACE FOR DETERMINING THE COMPENSATION OF THE CEO, EXECUTIVE DIRECTOR, TOP MANAGEMENT OFFICIAL, OFFICERS OR 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. FORM 990, PART XI, LINE 9: TRANSFER OF NET ASSETS -17,042,091. AMERICAN PHYSICAL THERAPY ASSOCIATION 3030 POTOMAC AVE ALEXANDRIA VA 22305 131512769 MEMBERSHIP ORGANIZATION VA 501(C)(6) N/A N/A 0 PHYSICAL THERAPY FUND 3030 POTOMAC AVE ALEXANDRIA VA 22305 541732481 SCHOLARSHIP GRANTING ORGANIZATION VA 501(C)(3) LINE 7 APTA 1 PHYSICAL THERAPY POLITICAL ACTION COMMITTEE 3030 POTOMAC AVE ALEXANDRIA VA 22305 546145303 POLITICAL ACTION COMMITTEE VA 527 N/A APTA 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 APTA CENTENNIAL PROPERTIES LLC R 17042091 FMV