2025-05-14T10:37:41-05:00 2024-12-31 420714325 RSM US LLP 920 5TH AVENUE SUITE 2800 SEATTLE WA 98104 990 2024-01-01 541071370 PHYSICIAN ASSOCIATE FOUNDATION OF THE AMERICAN ACADEMY OF PHYSICIAN ASSOCIATES PHYS 7038362272 2318 MILL ROAD 1300 ALEXANDRIA VA 223146868 JEFFREY KATZ PRESIDENT 7038362272 2025-05-13 1 1 SUE ROBISON P00560072 2062814444 2025-05-13 2024 2025-03-06 01:10:19Z PHYSICIAN ASSOCIATE FOUNDATION JAMES BRADEN MILLWARD 2318 MILL ROAD 1300 ALEXANDRIA VA 223146868 1813548 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. 18 18 0 158 0 0 1073528 791082 0 0 123889 354293 -20688 0 1176729 1145375 251446 181916 0 0 471006 553598 0 0 135193 320390 336666 1042842 1072180 133887 73195 4507128 4925406 152208 374297 4354920 4551109 THE MISSION OF THE PHYSICIAN ASSOCIATE FOUNDATION (PAF) IS TO EMPOWER PAS TO IMPROVE HEALTH THROUGH PHILANTHROPY AND SERVICE. 0 0 460252 91536 0 GRANTS PROGRAM: GLOBAL AND DOMESTIC GRANTS PROVIDE FINANCIAL RESOURCES TO PHYSICIAN ASSOCIATES TO COORDINATE PA-LED HEALTH IMPROVEMENT PROGRAMMING IN COMMUNITIES THAT LACK ADEQUATE HEALTH CARE. 220280 90380 0 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 A PHYSICIAN ASSISTANT. 680532 1 1 0 0 0 1 0 0 0 1 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 11 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 18 18 0 0 0 0 0 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 VA X X AMERICAN ACADEMY OF PHYSICIAN ASSOCIATES INC 7038362272 2318 MILL ROAD SUITE 1300 ALEXANDRIA VA 223146868 JEFFREY KATZ PRESIDENT 2.00 0.00 X X 0 0 0 MICHEL STATLER PRESIDENT-ELECT 2.00 0.00 X X 0 0 0 JAMES BRADEN MILLWARD DMSC PA PAST PRESIDENT 2.00 0.00 X X 0 0 0 JAMES E DELANEY PA-C IMMEDIATE PAST PRESIDENT 2.00 0.00 X X 0 0 0 ZACHARY HARTSELL SECRETARY-TREASURER 2.00 0.00 X X 0 0 0 LAUREN G DOBBS MMS PA-C TREASURER 2.00 0.00 X X 0 0 0 COURTNEY PETERS TRUSTEE 2.00 0.00 X 0 0 0 KYLE FORTMAN TRUSTEE 2.00 0.00 X 0 0 0 JENNIFER SNYDER TRUSTEE 2.00 0.00 X 0 0 0 CORRI WOLF TRUSTEE 2.00 0.00 X 0 0 0 BILLY COLLINS TRUSTEE 2.00 0.00 X 0 0 0 KRIS PYLES-SWEET TRUSTEE 2.00 2.00 X 0 5840 0 COOPER COUCH PA-C 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 ASHLEIGH KERVEL TRUSTEE 2.00 0.00 X 0 0 0 CATHERINE R JUDD MS PA-C CAQ TRUSTEE 2.00 0.00 X 0 0 0 CLARE DOUGHERTY STUDENT REPRESENTATIVE 2.00 0.00 X 0 0 0 JAMEE WILLIAMS STUDENT REPRESENTATIVE 2.00 0.00 X 0 0 0 LISA GABLES CEO, AAPA 5.00 32.50 X 0 612569 62535 AGNES COMPAGNONE EXECUTIVE DIRECTOR (THRU 4/12/2024) 37.50 0.00 X 98870 0 9665 CAROLINE PIERCE ASSISTANT EXECUTIVE DIRECTOR 37.50 0.00 X 104145 0 27732 203015 618409 99932 1 0 1 0 0 110000 681082 791082 142093 142093 880373 668173 212200 212200 212200 1145375 0 0 354293 X 39901 39901 142015 142015 108535 61091 24692 22752 338634 190609 77038 70987 71904 40473 16358 15073 34525 19433 7854 7238 22058 15220 6838 32617 19010 10111 3496 174212 120207 54005 382 191 191 36477 17274 15670 3533 6442 2005 4437 BANK FEES 39300 35086 4214 DUES & SUBSCRIPTIONS 25178 15108 6607 3463 1072180 680532 256455 135193 260806 570752 182855 6686 4145 17994 4059322 4329974 4507128 4925406 94849 45415 50000 181242 7359 147640 152208 374297 X 1211055 1749787 3143865 2801322 4354920 4551109 4507128 4925406 73195 122994 0 X X 0 1 X 1 0 X X 1 AMERICAN ACADEMY OF PHYSICIAN ASSOCIATES 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 22 44487 56709 304499 1 1 2216828 150000 -3670 2363158 1943507 50500 222821 2216828 2220892 4700 -282085 1943507 2015330 212234 6672 2220892 1646428 376902 8000 2015330 0.40890 0.59110 0 0 0 DUE TO AAPA 147640 147640 1450492 122994 214740 337734 1112758 32617 32617 1145375 1254303 214740 214740 1039563 32617 32617 1072180 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. 1 OVI CHILDREN'S HOSPITAL 325 ERIN DRIVE SOMERSET KY 42503 811079318 501(C)(3) 10150 0 2024 ROBERT K. PEDERSEN GLOBAL OUTREACH GRANT JAMES MADISON UNIVERSITY PHYSICIAN ASSISTANT STUDENT SOCIETY 235 MLK JR WAY - MSC 4315 HARRISONBURG VA 22807 833443369 501(C)(3) 10000 0 2024 IMPACT GRANT HEALEX 192E HANDCART WAY SANDY UT 84070 871805716 501(C)(3) 10000 0 2024 GLOBAL OUTREACH GRANT PARTNERS FOR ANDEAN COMMUNITY HEALTH 8 CARYN LANE WEATOGUE CT 06089 462196101 501(C)(3) 9750 0 2024 ROBERT K. PEDERSEN GLOBAL OUTREACH GRANT 4 0 SCHOLARSHIPS 81 124459 0 WILLIAM H. MARQUARDT COMMUNITY HEALTH ACCESS FELLOWSHIPS 4 10000 0 STIPENDS 1 1500 0 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 1 0 0 0 0 0 0 0 0 LISA GABLES CEO, AAPA 0 573992 0 36771 0 1806 0 44400 0 18135 0 675104 0 0 PART I, LINE 4A AGNES COMPAGNONE RECEIVED A SEVERANCE PAYMENT OF $38,077 DURING 2024. 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 120,207. MANAGEMENT AND GENERAL EXPENSES 54,005. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 174,212. 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 ASSOCIATES. VA 501(C)(6) N/A 0 0 0 1 0 0 0 0 0 0 0 0 1 0 1 1 0 0 0 1