Attach to Form 990 or Form 990-EZ.
Go to
www.irs.gov/Form990 for instructions and the latest information.
| (i) Name of supported organization | (ii) EIN | (iii) Type of organization (described on lines 1- 10 above (see instructions)) | (iv) Is the organization listed in your governing document? | (v) Amount of monetary support (see instructions) | (vi) Amount of other support (see instructions) | |
|---|---|---|---|---|---|---|
| Yes | No | |||||
|
Total |
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Calendar year (or fiscal year beginning in) ![]() |
(a) 2015 | (b) 2016 | (c) 2017 | (d) 2018 | (e) 2019 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 1 | Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grant.") .. | 696,922 | 1,671,093 | 1,676,330 | 1,760,359 | 1,484,714 | 7,289,418 |
| 2 | Tax revenues levied for the organization's benefit and either paid to or expended on its behalf.... | 0 | |||||
| 3 | The value of services or facilities furnished by a governmental unit to the organization without charge.. | 0 | |||||
| 4 | Total. Add lines 1 through 3 | 696,922 | 1,671,093 | 1,676,330 | 1,760,359 | 1,484,714 | 7,289,418 |
| 5 | The portion of total contributions by each person (other than a governmental unit or publicly supported organization) included on line 1 that exceeds 2% of the amount shown on line 11, column (f).. | 1,366,658 | |||||
| 6 | Public support. Subtract line 5 from line 4. | 5,922,760 | |||||
Calendar year
(or fiscal year beginning in) ![]() |
(a) 2015 | (b) 2016 | (c) 2017 | (d) 2018 | (e) 2019 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 7 | Amounts from line 4.. | 696,922 | 1,671,093 | 1,676,330 | 1,760,359 | 1,484,714 | 7,289,418 |
| 8 | Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources... | 312,001 | 581,830 | 568,202 | 455,184 | 516,038 | 2,433,255 |
| 9 | Net income from unrelated business activities, whether or not the business is regularly carried on.. | ||||||
| 10 | Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.).. | 0 | |||||
| 11 | Total support. Add lines 7 through 10 | 9,722,673 | |||||
Calendar year (or fiscal year beginning in) ![]() |
(a) 2015 | (b) 2016 | (c) 2017 | (d) 2018 | (e) 2019 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 1 | Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grants.") . | ||||||
| 2 | Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose | ||||||
| 3 | Gross receipts from activities that are not an unrelated trade or business under section 513 ..... | ||||||
| 4 | Tax revenues levied for the organization's benefit and either paid to or expended on its behalf... | ||||||
| 5 | The value of services or facilities furnished by a governmental unit to the organization without charge | ||||||
| 6 | Total. Add lines 1 through 5 | ||||||
| 7a | Amounts included on lines 1, 2, and 3 received from disqualified persons | ||||||
| b | Amounts included on lines 2 and 3 received from other than disqualified persons that exceed the greater of $5,000 or 1% of the amount on line 13 for the year. | ||||||
| c | Add lines 7a and 7b.. | ||||||
| 8 | Public support. (Subtract line 7c from line 6.) | ||||||
Calendar year (or fiscal year beginning in) ![]() |
(a) 2015 | (b) 2016 | (c) 2017 | (d) 2018 | (e) 2019 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 9 | Amounts from line 6... | ||||||
| 10a | Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources.. | ||||||
| b | Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975. | ||||||
| c | Add lines 10a and 10b. | ||||||
| 11 | Net income from unrelated business activities not included in line 10b, whether or not the business is regularly carried on. | ||||||
| 12 | Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.) .. | ||||||
| 13 | Total support. (Add lines 9, 10c, 11, and 12.).. | ||||||
| Section A - Adjusted Net Income | (A) Prior Year |
(B) Current Year (optional) |
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| 1 | Net short-term capital gain | 1 | ||||
| 2 | Recoveries of prior-year distributions | 2 | ||||
| 3 | Other gross income (see instructions) | 3 | ||||
| 4 | Add lines 1 through 3 | 4 | ||||
| 5 | Depreciation and depletion | 5 | ||||
| 6 | Portion of operating expenses paid or incurred for production or collection of gross income or for management, conservation, or maintenance of property held for production of income (see instructions) | 6 | ||||
| 7 | Other expenses (see instructions) | 7 | ||||
| 8 | Adjusted Net Income (subtract lines 5, 6 and 7 from line 4) | 8 | ||||
| Section B - Minimum Asset Amount | (A) Prior Year |
(B) Current Year (optional) |
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| 1 | Aggregate fair market value of all non-exempt-use assets (see instructions for short tax year or assets held for part of year): | 1 | ||||
| a | Average monthly value of securities | 1a | ||||
| b | Average monthly cash balances | 1b | ||||
| c | Fair market value of other non-exempt-use assets | 1c | ||||
| d | Total (add lines 1a, 1b, and 1c) | 1d | ||||
| e |
Discount claimed for blockage or other factors (explain in detail in Part VI): |
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| 2 | Acquisition indebtedness applicable to non-exempt use assets | 2 | ||||
| 3 | Subtract line 2 from line 1d | 3 | ||||
| 4 | Cash deemed held for exempt use. Enter 1-1/2% of line 3 (for greater amount, see instructions). | 4 | ||||
| 5 | Net value of non-exempt-use assets (subtract line 4 from line 3) | 5 | ||||
| 6 | Multiply line 5 by .035 | 6 | ||||
| 7 | Recoveries of prior-year distributions | 7 | ||||
| 8 | Minimum Asset Amount (add line 7 to line 6) | 8 | ||||
| Section C - Distributable Amount | Current Year | |||||
| 1 | Adjusted net income for prior year (from Section A, line 8, Column A) | 1 | ||||
| 2 | Enter 85% of line 1 | 2 | ||||
| 3 | Minimum asset amount for prior year (from Section B, line 8, Column A) | 3 | ||||
| 4 | Enter greater of line 2 or line 3 | 4 | ||||
| 5 | Income tax imposed in prior year | 5 | ||||
| 6 | Distributable Amount. Subtract line 5 from line 4, unless subject to emergency temporary reduction (see instructions) | 6 | ||||
| Section D - Distributions | Current Year | |
|---|---|---|
| 1 Amounts paid to supported organizations to accomplish exempt purposes | ||
|
2
Amounts paid to perform activity that directly furthers exempt purposes of supported organizations, in excess of income from activity |
||
| 3 Administrative expenses paid to accomplish exempt purposes of supported organizations | ||
| 4 Amounts paid to acquire exempt-use assets | ||
| 5 Qualified set-aside amounts (prior IRS approval required) | ||
| 6 Other distributions (describe in Part VI). See instructions | ||
| 7Total annual distributions. Add lines 1 through 6. | ||
|
8
Distributions to attentive supported organizations to which the organization is responsive (provide details in Part VI). See instructions |
||
| 9 Distributable amount for 2019 from Section C, line 6 | ||
| 10 Line 8 amount divided by Line 9 amount | ||
| Section E - Distribution Allocations (see instructions) |
(i) Excess Distributions |
(ii) Underdistributions Pre-2019 |
(iii) Distributable Amount for 2019 |
|
|---|---|---|---|---|
| 1 Distributable amount for 2019 from Section C, line 6 | ||||
|
2
Underdistributions, if any, for years prior to 2019 (reasonable cause required-- explain in Part VI). See instructions. |
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| 3 Excess distributions carryover, if any, to 2019: | ||||
| a From 2014....... | ||||
| b From 2015....... | ||||
| c From 2016....... | ||||
| d From 2017....... | ||||
| e From 2018....... | ||||
| fTotal of lines 3a through e | ||||
| g Applied to underdistributions of prior years | ||||
| h Applied to 2019 distributable amount | ||||
|
i
Carryover from 2014 not applied (see instructions) |
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| j Remainder. Subtract lines 3g, 3h, and 3i from 3f. | ||||
| 4Distributions for 2019 from Section D, line 7: | ||||
| $ | ||||
| a Applied to underdistributions of prior years | ||||
| b Applied to 2019 distributable amount | ||||
| c Remainder. Subtract lines 4a and 4b from 4. | ||||
|
5
Remaining underdistributions for years prior to 2019, if any. Subtract lines 3g and 4a from line 2. If the amount is greater than zero, explain in Part VI. See instructions. |
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|
6
Remaining underdistributions for 2019. Subtract lines 3h and 4b from line 1. If the amount is greater than zero, explain in Part VI. See instructions. |
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|
7 Excess distributions carryover to 2020. Add lines 3j and 4c. |
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| 8 Breakdown of line 7: | ||||
| a Excess from 2015..... | ||||
| b Excess from 2016..... | ||||
| c Excess from 2017..... | ||||
| d Excess from 2018..... | ||||
| e Excess from 2019..... | ||||
| Facts And Circumstances Test |
|---|
| Return Reference | Explanation |
|---|---|
| Schedule A, Part II, Line 1 | For tax year described on Schedule A as "2013", this represents the short period for 1/1/14-6/30/14 when the organization transitioned to a new fiscal year end of June 30. |
| Software ID: | |
| Software Version: |
Attach to Form 990 or 990-EZ.
Go to www.irs.gov/Form990 for the latest information.
| Return Reference | Explanation |
|---|---|
| OPERATIONAL INITIATIVES | FOR MORE THAN A DECADE, THE FOUNDATION HAS EXPERIENCED AN ANNUAL OPERATING DEFICIT. TO ADDRESS THIS DEFICIT AND IMPROVE ITS FINANCIAL POSITION, THE BOARD OF DIRECTORS UNANIMOUSLY APPROVED A 3-YEAR STRATEGIC PLAN IN FEBRUARY 2016. THE PLAN HAS TWO MAJOR GOALS: SIGNIFICANTLY STRENGTHEN IMPACT OF CHARITABLE PROGRAMS: BY THE END OF FISCAL YEAR 2019, THE AMA FOUNDATION WILL HAVE FOCUSED PROGRAMS OF LARGE SCALE AND HIGH IMPACT, DEMONSTRATED BY CLEARLY DEFINED OUTCOME MEASURES. DEVELOP AND IMPLEMENT A MORE DYNAMIC AND SUSTAINABLE REVENUE MODEL: BY THE END OF FISCAL YEAR 2019, THE AMA FOUNDATION WILL HAVE IMPLEMENTED A FISCAL MODEL THAT DIVERSIFIES REVENUE AND ENSURES FINANCIAL STABILITY IN ORDER TO SUPPORT OUR MISSION. THIS INCLUDES THE ELIMINATION OF THE OPERATING DEFICIT. SIGNIFICANT PROGRESS WAS MADE DURING THE FIRST YEAR OF THE STRATEGIC PLAN. DURING THE FISCAL YEAR ENDED JUNE 30, 2017 THE DECREASE IN NET ASSETS BEFORE NET REALIZED AND UNREALIZED GAINS AND LOSSES ON INVESTMENTS WAS $493,342, $222,349 FAVORABLE TO THE DECREASE IN NET ASSETS FOR THE PRIOR YEAR ENDED JUNE 30, 2016. THIS IMPROVEMENT WAS THE RESULT OF $46,070 IN HIGHER REVENUES IN FISCAL YEAR 2018 AND $176,279 IN LOWER EXPENSES. DURING THE SECOND FISCAL YEAR ENDING JUNE 30, 2018, THE DECREASE IN NET ASSETS BEFORE NET REALIZED AND UNREALIZED GAINS AND LOSSES ON INVESTMENTS WAS $880,560, $386,718 UNFAVORABLE TO THE DECREASE IN NET ASSETS FOR THE YEAR ENDED JUNE 30, 2017. THIS CHANGE FROM FISCAL YEAR 2017 WAS THE RESULT OF $177,087 IN LOWER REVENUES IN FISCAL YEAR 2018 PARITALLY OFFSET BY $209,631 IN HIGHER EXPENSES.MORE SPECIFICALLY, A MAJOR GIFT WAS RECEIVED IN FISCAL YEAR 2017, A YEAR EARLIER THAN ANTICIPATED. HAD THIS GIFT BEEN RECEIVED IN FISCAL YEAR 2018, IN ALIGNMENT WITH THE STRATEGIC PLAN, A STRONGER FINANCIAL POSITION WOULD HAVE BEEN REALIZED. NEVERTHELESS, THE CONTINUED UPWARD TRAJECTORY OF THE FOUNDATIONS FINANCIAL OBJECTIVE FOR FISCAL YEAR 2019 REMAINS ON TRACK AND WILL INCLUDE THE ELMINATION OF THE OPERATING DEFICIT. CONSISTENT WITH ITS STRATEGIC PLAN, THE FOUNDATION ALSO LAUNCHED AN ENHANCED PROGRAM PORTFOLIO IN FISCAL YEAR 2018. AS PART OF ITS NEW COMMUNITY HEALTH PROGRAM, THE FOUNDATION FOCUSES ON HEALTH EQUITY AND IMPROVING HEALTH OUTCOMES AMONG VULNERABLE POPULATIONS, PARTICULARLY THOSE WHO SUFFER FROM CHRONIC DISEASES, THROUGH HIGH IMPACT MODELS OF CARE WITH MEASURABLE OUTCOMES. IN ADDITION, THE FOUNDATIONS LEADERSHIP DEVELOPMENT INSTITUTE IS NOW CULTIVATING AND SUPPORTING A DIVERSE COHORT OF YOUNG PHYSICIAN LEADERS WHO WILL WORK TOGETHER IN COMMUNITITES AND WITH COMMUNITY ORGANIZATIONS FOR THE BETTERMENT OF THE NATIONS HEALTH. AS A RESULT OF THESE PROGRAMMATIC AND FINANCIAL ENHANCEMENTS, THE CHARITABLE IMPACT OF THE FOUNDATION IS SIGNIFICANTLY INCREASING AND ITS OPERATING DEFICIT WILL BE ELIMINATED BY THE END OF FISCAL YEAR 2019. IN SPITE OF POSITIVE ORGANIZATIONAL TRANSFORMATION, LED BY ITS STRATEGIC PLAN, THE ORGANIZATION CANNOT GURANTEE FUTURE RESULTS, AND WHILE UNLIKELY, IT IS POSSIBLE THAT ACTUAL EVENTS MAY DIFFER FROM EXPECTATIONS. |
| PART VI, SECTION A, ITEM 11A | THE COMPLETED 990 IS SUBMITTED TO THE ENTIRE BOARD FOR REVIEW PRIOR TO SUBMISSION TO THE INTERNAL REVENUE SERVICE. |
| PART VI, SECTION B, ITEM 12C | A CONFLICT OF INTEREST REPORT IS PREPARED BY LEGAL COUNSEL ON AN ANNUAL BASIS. STAFF AND BOARD MEMBERS ARE REQUIRED TO REVIEW AND APPROVE THIS REPORT WHILE UPDATING IT FOR ANY KNOWN CHANGES AND ADDITIONAL POTENTIAL CONFLICTS OF INTEREST AS NECESSARY. ADDTIONALLY, IF ANY POTENTIAL CONFLICTS OF INTEREST ARISE DURING THE YEAR, STAFF AND BOARD MEMBERS ARE REQUIRED TO NOTIFY LEGAL COUNSEL AND THE BOARD OF DIRECTORS. |
| PART VI, SECTION B, ITEMS 15A AND 15B | THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS SERVES AS THE EXECUTIVE COMPENSATION COMMITTEE AND IS CHARGED WITH DETERMINING AND APPROVING THE EXECUTIVE DIRECTOR'S COMPENSATION ANNUALLY. THE EXECUTIVE COMMITTEE PERIODICALLY RESEARCHES AND COMPARES COMPENSATION TO OTHER EXECUTIVE DIRECTOR POSITIONS OF SIMILAR NOT-FOR-PROFIT ORGANIZATIONS AS WELL AS COMPENSATION TO SIMILAR POSITIONS IN FOR-PROFIT COMPANIES. SUCH RESEARCH, REVIEW, AND APPROVAL IS DOCUMENTED AND RETAINED. COMPENSATION LEVELS FOR ALL OTHER POSITIONS ARE REVIEWED BY THE AMERICAN MEDICAL ASSOCIATION'S HUMAN RESOURCE DEPARTMENT THAT EVALUATES THE JOB DESCRIPTION BY COMPARING THE RELATED POSITION'S RESPONSIBILITIES TO OTHER POSITIONS IN AND OUTSIDE THE ORGANIZATION. POSITIONS WITH SIMILAR LEVELS OF RESPONSIBILTIES ARE GROUPED TOGETHER IN JOB GRADES AND ASSIGNED A STANDARD SALARY RANGE TO EACH GRADE. |
| PART VI, SECTION C, ITEM 19 | THE FOUNDATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST. THE FOUNDATION'S AUDIT REPORT AND FORM 990 ARE AVAILABLE ON ITS WEBSITE (WWW.AMAFOUNDATION.ORG). |
| PART VII, SECTION A, COLUMN (F) | THE AMOUNTS LISTED AS OTHER COMPENSATION CONSIST OF 401K MATCHING CONTRIBUTIONS. |
| PART III, LINE 4D | THE HEALTHY COMMUNITIES/HEALTHY AMERICA PROGRAM PROVIDES GRANTS TO PHYSICIAN-LED CLINICS THAT PROVIDE CARE FOR THE IMPOVERISHED, UNDER-SERVED, AND/OR UNINSURED. THE FOUNDATION SUPPORTS CLINICS THAT UTILIZE SIGNIFICANT PHYSICIAN VOLUNTEERISM. THESE GRANTS BUILD PUBLIC HEALTH CAPACITY AND HELP GROWING CLINICS LEVERAGE ADDITIONAL FINANCIAL SUPPORT. GRANT PROGRAMS TO SUPPORT MEDICAL RESEARCH PROVIDES GRANTS TO SUPPORT RESEARCH PROJECTS LED BY MEDICAL STUDENTS, RESIDENTS AND FELLOWS TO ENCOURAGE YOUNG INVESTIGATORS TO PURSUE CAREERS IN RESEARCH, AND TO ALLEVIATE THE DIFFICULTY YOUNG RESEARCHERS FACE IN OBTAINING GRANT RESOURCES AND LEADERSHIP EXPERIENCE. THE COMMUNITY HEALTH PROGRAM PROVIDES GRANTS TO PHYISICAN-LED COMMUNITY HEALTH CENTERS THAT PROVIDE CARE FOR THE IMPOVERISHED, UNDER-SERVED, AND/OR UNINSURED. THESE GRANTS FURTHER BUILD PUBLIC HEALTH CAPACITY AND HELP GROWING PROGRAMS LEVERAGE ADDITIONAL FINANCIAL SUPPORT. |
| PART IX, LINE 11G | Professional Outside Services Total Program Management & Fundraising Expenses Expenses General Expenses Expenses $88,028 $8,313 $4,040 $75,675 |
| Part VI, Section A, Line 7a | The American Medical Association Board of Trustees has the right to appoint three members of the American Medical Association Foundation Board. |
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| Software Version: |