American College Of Physicians Inc, Acp in Philadelphia, Pennsylvania (PA)

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American College Of Physicians Inc, Acp
Employer Identification Number (EIN)231520302
Name of OrganizationAmerican College Of Physicians Inc
Secondary NameAcp
In Care of NameRalph L Hibbs Jr Cfo Acp
Address190 Nindependence Mall West, Philadelphia, PA 19106
ActivitiesOther school related activities
SubsectionCharitable Organization
Ruling Date12/1977
DeductibilityContributions are deductible
FoundationOrganization that normally receives no more than one third of its support from gross investment income and unrelated business income and at the same time more than one third of its support from contributions, fees, and gross receipts related to exempt purposes
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period06/2014
Assets$50,000,000 to greater
Income$50,000,000 to greater
Filing Requirement990 (all other) or 990EZ return
Asset Amount$162,929,841
Amount of Income$121,710,559
Form 990 Revenue Amount$80,738,134
National Taxonomy of Exempt Entities (NTEE)Health - General and Rehabilitative: Professional Societies, Associations


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Amount of income in 2014: $121,710,559
American College Of Physicians Inc, Acp: 

 $121,710,559
Other organizations performing similar types of work: 

 $2,087,792

Assets in 2014: $162,929,841
American College Of Physicians Inc, Acp: 

 $162,929,841
Other organizations performing similar types of work: 

 $3,112,468

Expenses in 2013: $74,946,425
American College Of Physicians Inc, Acp: 

 $74,946,425
Other organizations performing similar types of work: 

 $1,846,504

Income to expenses ratio in 2013: 1.6
This organization: 

 1.6
Other organizations performing similar types of work: 

 1.1

Expenses allocated to program services in 2007: 59.9%
This organization: 

 59.9%
Other organizations performing similar types of work: 

 0.0%

Number of employees in 2013: 303
American College Of Physicians Inc, Acp: 

 303
Other organizations performing similar types of work: 

 14

Employees paid over $100,000 in 2013: 19.1%
American College Of Physicians Inc, Acp: 

 19.1%
Other organizations performing similar types of work: 

 0.0%

Grants share in income in 2013: 35.0%
American College Of Physicians Inc, Acp: 

 35.0%
Other organizations performing similar types of work: 

 2.6%

Financial snapshot ($)

Revenue for 2013

Assets at the end of 2013

Functional expenses for 2013

Support schedule

Checklist
20122013
Is the organization described in section 501(c)(3) or 4947(a)(1) (other than a private foundation)?NoNo
Is the organization required to complete Schedule B, Schedule of Contributors?NoYes
Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition to candidates for public office?NoNo
Did the organization engage in lobbying activities, or have a section 501(h) election in effect during the tax year?NoNo
Is the organization a section 501(c)(4), 501(c)(5), or 501(c)(6) organization that receives membership dues, assessments, or similar amounts as defined in Revenue Procedure 98-19?NoNo
Did the organization maintain any donor advised funds or any similar funds or accounts for which donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts?NoNo
Did the organization receive or hold a conservation easement, including easements to preserve open space, the environment, historic land areas, or historic structures?NoNo
Did the organization maintain collections of works of art, historical treasures, or other similar assets?NoNo
Did the organization report an amount for escrow or custodial account liability; serve as a custodian or provide credit counseling, debt management, credit repair, or debt negotiation services?NoNo
Did the organization, directly or through a related organization, hold assets in temporarily restricted endowments, permanent endowments, or quasi-endowments?NoNo
Did the organization report an amount for land, buildings, and equipment?YesYes
Did the organization report an amount for investments-other securities that is 5% or more of its total assets?NoNo
Did the organization report an amount for investments-program related that is 5% or more of its total assets?NoNo
Did the organization report an amount for other assets that is 5% or more of its total assets?NoNo
Did the organization report an amount for other liabilities?YesYes
Did the organization's separate or consolidated financial statements for the tax year include a footnote that addresses the organization's liability for uncertain tax positions under FIN 48 (ASC 740)?YesYes
Did the organization obtain separate, independent audited financial statements for the tax year?NoNo
Was the organization included in consolidated, independent audited financial statements for the tax year?YesYes
Is the organization a school described in section 170(b)(1)(A)(ii)?NoNo
Did the organization maintain an office, employees, or agents outside of the United States?NoNo
Did the organization have aggregate revenues or expenses of more than $10,000 from grantmaking, fundraising, business, investment, and program service activities outside the United States, or aggregate foreign investments valued at $100,000 or more?NoNo
Did the organization report more than $5,000 of grants or other assistance to or for any foreign organization?NoNo
Did the organization report more than $5,000 of aggregate grants or other assistance to or for foreign individuals?NoNo
Did the organization report a total of more than $15,000 of expenses for professional fundraising services?NoNo
Did the organization report more than $15,000 total of fundraising event gross income and contributions?NoNo
Did the organization report more than $15,000 of gross income from gaming activities?NoNo
Did the organization operate one or more hospital facilities?NoNo
Did the organization attach a copy of its audited financial statements?NoNo
Did the organization report more than $5,000 of grants or other assistance to any domestic organization or domestic government?NoNo
Did the organization report more than $5,000 of grants or other assistance to or for domestic individuals?NoNo
Did the organization answer 'Yes' about compensation of the organization's current and former officers, directors, trustees, key employees, and highest compensated employees?YesYes
Did the organization have a tax-exempt bond issue with an outstanding principal amount of more than $100,000 as of the last day of the year, that was issued after December 31, 2002?YesYes
Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception?NoNo
Did the organization maintain an escrow account other than a refunding escrow at any time during the year to defease any tax-exempt bonds?NoNo
Did the organization act as an 'on behalf of' issuer for bonds outstanding at any time during the year?NoNo
Did the organization engage in an excess benefit transaction with a disqualified person during the year?NoNo
Is the organization aware that it engaged in an excess benefit transaction with a disqualified person in a prior year, and that the transaction has not been reported on any of the organization's prior Forms 990 or 990-EZ?NoNo
Did the organization report any amount for receivables from or payables to any current or former officers, directors, trustees, key employees, highest compensated employees, or disqualified persons?NoNo
Did the organization provide a grant or other assistance to an officer, director, trustee, key employee, substantial contributor or employee thereof, a grant selection committee member, or to a 35% controlled entity or family member of any of these persons?NoNo
Was the organization a party to a business transaction with one of the following parties
A current or former officer, director, trustee, or key employee?NoNo
A family member of a current or former officer, director, trustee, or key employee?NoNo
An entity of which a current or former officer, director, trustee, or key employee (or a family member thereof) was an officer, director, trustee, or direct or indirect owner?NoNo
Did the organization receive more than $25,000 in non-cash contributions?NoNo
Did the organization receive contributions of art, historical treasures, or other similar assets, or qualified conservation contributions?NoNo
Did the organization liquidate, terminate, or dissolve and cease operations?NoNo
Did the organization sell, exchange, dispose of, or transfer more than 25% of its net assets?NoNo
Did the organization own 100% of an entity disregarded as separate from the organization under Regulations sections 301.7701-2 and 301.7701-3?NoNo
Was the organization related to any tax-exempt or taxable entity?YesYes
Did the organization have a controlled entity within the meaning of section 512(b)(13)?NoNo
Did the organization make any transfers to an exempt non-charitable related organization?NoNo
Did the organization conduct more than 5% of its activities through an entity that is not a related organization and that is treated as a partnership for federal income tax purposes?NoNo
Statements Regarding Other IRS Filings and Tax Compliance
201120122013
The number reported in Box 3 of Form 1096512475
The number of Forms W-2G00
Did the organization comply with backup withholding rules for reportable payments to vendors and reportable gaming (gambling) winnings to prize winners?YesYes
The number of employees reported on Form W-3, Transmittal of Wage and Tax Statements, filed for the calendar year ending with or within the year covered by this return357303
Did the organization file all required federal employment tax returns?YesYes
Did the organization have unrelated business gross income of $1,000 or more during the year?YesYesYes
Has it filed a Form 990-T for this year?NoNo
At any time during the calendar year, did the organization have an interest in, or a signature or other authority over, a financial account in a foreign country (such as a bank account, securities account, or other financial account)?NoNo
Was the organization a party to a prohibited tax shelter transaction at any time during the tax year?NoNo
Did any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction?NoNo
Did the organization file Form 8886-T?NoNo
Does the organization have annual gross receipts that are normally greater than $100,000, and did the organization solicit any contributions that were not tax deductible as charitable contributions?NoNo
Did the organization include with every solicitation an express statement that such contributions or gifts were not tax deductible?NoNo
Did the organization receive a payment in excess of $75 made partly as a contribution and partly for goods and services provided to the payor?NoNo
Did the organization notify the donor of the value of the goods or services provided?NoNo
Did the organization sell, exchange, or otherwise dispose of tangible personal property for which it was required to file Form 8282?NoNo
Did the organization receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?NoNo
Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract?NoNo
If the organization received a contribution of qualified intellectual property, did the organization file Form 8899 as required?NoNo
If the organization received a contribution of cars, boats, airplanes, or other vehicles, did the organization file a Form 1098-C?NoNo
Did a donor advised fund maintained by the sponsoring organization have excess business holdings at any time during the year?NoNo
Did the sponsoring organization make any taxable distributions under section 4966?NoNo
Did the sponsoring organization make a distribution to a donor, donor advisor, or related person?NoNo
Initiation fees and capital contributions$0$0$0
Gross receipts for public use of club facilities $0$0$0
Gross income from members or shareholders$0$0$0
Gross income from other sources$0$0$0
Is the organization filing Form 990 in lieu of Form 1041?NoNo
The amount of tax-exempt interest received or accrued during the year$0$0
Is the organization licensed to issue qualified health plans in more than one state?NoNo
The amount of reserves the organization is required to maintain by the states in which the organization is licensed to issue qualified health plans$0$0
The amount of reserves on hand$0$0
Did the organization receive any payments for indoor tanning services during the tax year?NoNo
Has it filed a Form 720 to report these payments?NoNo
Compensation of Officers, Directors, Trustees, Key Employees, Highest Compensated Employees, and Independent Contractors
20122013
Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees
Total reportable compensation from the organization$6,241,329$5,965,601
Total reportable compensation from related organizations$0$0
Total estimated amount of other compensation from the organization and related organizations$781,650$733,845
Total number of individuals who received more than $100,000 of reportable compensation from the organization4853
Total number of independent contractors who received more than $100,000 of compensation from the organization75
Statement of Revenue
201120122013
Total revenue$68,480,404$61,349,206$78,525,441
Contributions, Gifts, Grants and Other Similar Amounts$24,702,070$25,438,677$27,501,427
Program Service Revenue$34,113,950$33,107,227$39,928,376
Educational Support Services$20,582,174$28,181,716
541800$10,996,854$10,548,669
541900$1,528,199$1,197,991
All other program service revenue$0$0
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$1,170,578$1,164,081$823,020
Income from investment of tax-exempt bond proceeds$0$0$0
Royalties$4,519,870$5,433,102$5,903,336
Net rental income$544,960$695,795$501,378
Gross rents (Real / Personal)$2,238,811 / $0$2,414,822 / $0$2,417,616 / $0
Less: rental expenses (Real / Personal)$1,693,851 / $0$1,719,027 / $0$1,916,238 / $0
Rental income or (loss) (Real / Personal)$544,960 / $0$695,795 / $0$501,378 / $0
Net gain/loss from sales of assets other than inventory$2,592,835$-5,115,495$3,049,531
Gross amount from sales of assets other than inventory (Securities / Other)$25,963,222 / $0$30,392,956 / $0$19,819,700 / $0
Less: cost or other basis and sales expenses (Securities / Other)$23,370,387 / $0$35,508,451 / $0$16,770,169 / $0
Gain or (loss) (Securities / Other)$2,592,835 / $0$-5,115,495 / $0$3,049,531 / $0
Net income/loss from fundraising events$0$0$0
Net income/loss from gaming activities$0$0$0
Net income/loss from sales of inventory$0$0$0
Miscellaneous Revenue$836,141$625,819$818,373
Parking Lots and Garages $130,988$130,173
Parking Lots and Garages $124,312$128,937
900099$31,091$30,886
All other revenue$339,428$528,377
Statement of Functional Expenses
201120122013
Total functional expenses$71,231,354$67,028,732$74,946,425
Grants and other assistance to domestic organizations and domestic governments$0$0
Grants and other assistance to domestic individuals$0$0
Grants and other assistance to foreign organizations, foreign governments, and foreign individuals$0$0
Benefits paid to or for members$0$0
Compensation of current officers, directors, trustees, and key employees$5,513,967$6,349,270$7,151,784
Compensation not included above, to disqualified persons$0$0
Other salaries and wages$18,979,408$19,602,439$19,457,812
Pension plan accruals and contributions$4,564,523$4,074,030
Other employee benefits$2,795,810$5,442,340
Payroll taxes$1,681,496$1,859,651$1,750,166
Fees for services (non-employees)
Management$0$0
Legal$184,957$179,178
Accounting$226,164$209,972
Lobbying$0$0
Professional fundraising services$0$0$0
Investment management fees$627,764$806,508
Other$1,896,379$402,846
Advertising and promotion$3,730,378$4,269,726
Office expenses$839,915$660,784
Information technology$1,083,677$101,331
Royalties$0$0
Occupancy$1,740,125$3,461,247
Travel$3,652,799$2,690,651
Payments of travel or entertainment expenses for any federal, state, or local public officials$0$0
Conferences, conventions, and meetings$2,799,069$2,845,506
Interest$604,082$587,256
Payments to affiliates$0$0
Depreciation, depletion, and amortization$3,668,170$3,357,094
Insurance$192,986$231,500
Other expenses$4,434,476$4,506,104
Other expenses$1,064,469$1,013,307
Other expenses$1,988,206$3,013,053
Other expenses$1,165,023$1,517,541
Other expenses$1,958,400$7,216,689
Balance Sheet
201120122013
Total assets$154,071,099$148,301,463$151,919,236
Cash - non-interest-bearing$2,847,991$0
Savings and temporary cash investments$11,026,752$16,789,243
Pledges and grants receivable, net$0$0
Accounts receivable, net$3,896,025$4,247,887
Loans and other receivables from current and former officers, directors, trustees, key employees, and highest compensated employees$0$0
Loans and other receivables from other disqualified persons, persons described in section 4958(c)(3)(B), and contributing employers and sponsoring organizations of section 501(c)(9) voluntary employees' beneficiary organizations$0$0
Notes and loans receivable, net$0$0
Inventories for sale or use$0$0
Prepaid expenses and deferred charges$6,104,050$324,180
Land, buildings, and equipment: cost or other basis$50,451,301$49,179,317
Investments - publicly traded securities$68,287,710$75,818,764
Investments - other securities$0$0
Investments - program-related$0$0
Intangible assets$0$0
Other assets$5,687,634$5,559,845
Total liabilities$87,397,045$103,340,817$90,275,624
Accounts payable and accrued expenses$9,648,330$9,306,061
Grants payable$0$0
Deferred revenue$21,875,800$19,499,647
Tax-exempt bond liabilities$22,930,199$21,601,735$20,287,383
Escrow or custodial account liability$0$0
Loans and other payables to current and former officers, directors, trustees, key employees, highest compensated employees, and disqualified persons$0$0
Secured mortgages and notes payable to unrelated third parties$0$0$0
Unsecured notes and loans payable to unrelated third parties$0$0$0
Other liabilities (including federal income tax, payables to related third parties, and other liabilities)$50,214,952$41,182,533
Total net assets or fund balances$66,674,054$44,960,646$61,643,612
Unrestricted net assets$44,960,646$61,643,612
Temporarily restricted net assets$0$0
Permanently restricted net assets$0$0
Capital stock or trust principal, or current funds$0$0
Paid-in or capital surplus, or land, building, or equipment fund$0$0
Retained earnings, endowment, accumulated income, or other funds$0$0$0
Reason for Public Charity Status (for 2013)
The organization is not a private foundation because it is:An organization that normally receives: (1) more than 33 1/3 % of its support from contributions, membership fees, and gross receipts from activities related to its exempt functions - subject to certain exceptions, and (2) no more than 33 1/3 % of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975
Number of organizations supported0
Sum of amounts of support$0
Support Schedule for Organizations Described in Section 509(a)(2) (for 2009 - 2013)
2009 - 2013 Total
Public support$265,165,261
Subtotal$265,165,261
Gifts, grants, contributions, and membership fees received$124,488,290
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$140,676,971
Gross receipts from activities that are not an unrelated trade or business under section 513$0
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf$0
The value of services or facilities furnished by a governmental unit to the organization without charge$0
Less$0
Amounts received from disqualified persons$0
Amounts received from other than disqualified persons that exceed the greater of $5,000 or 1% of the total support$0
Total support$305,084,662
Public support$265,165,261
Subtotal$37,450,330
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$37,450,330
Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975$0
Net income from unrelated business activities, whether or not the business is regularly carried on$0
Other income$2,469,071
Revenue, Expenses, and Changes in Net Assets or Fund Balances
20002001200220032004200520062007
Total revenue$61,896,950$40,459,949$43,903,083$61,239,666$58,243,533$72,290,015$74,771,066$83,266,931
Contributions, gifts, grants, and similar amounts received$2,552,015$1,861,274$1,940,663$2,771,747$1,884,802$1,380,195$993,738$5,169,325
Contributions to donor advised funds$0$0
Direct public support$2,552,015$1,659,872$1,618,610$2,401,240$1,335,462$995,725$851,000$5,043,419
Indirect public support$0$0$0$0$0$0$0$0
Government contributions (grants)$0$201,402$322,053$370,507$549,340$384,470$142,738$125,906
Program service revenue including government fees and contracts$29,298,618$25,658,711$25,231,870$31,022,706$30,342,559$38,423,191$43,993,309$40,654,228
Membership dues and assessments$19,136,416$18,103,652$19,796,086$20,923,408$21,810,874$21,604,565$22,864,907$22,395,771
Interest on savings and temporary cash investments$627,152$148,108$70,735$10,289$57,155$404,625$432,485$576,638
Dividends and interest from securities$4,558,440$3,385,623$2,065,623$1,487,956$1,340,275$1,677,929$2,079,725$1,970,573
Net rental income or (loss)$0$0$914$-346$-268,782$148,553$-258,637$-265,003
Gross rents$0$0$40,354$140,704$1,314,041$2,026,659$2,085,212$2,069,996
Less: rental expenses$0$0$39,440$141,050$1,582,823$1,878,106$2,343,849$2,334,999
Other investment income$-3,877$155,704$107,187$172,194$190,367$201,820$428,938$8,472,345
Gain or (loss) from sales of assets other than inventory$5,728,186$-8,853,123$-5,461,976$4,666,954$2,692,237$8,235,588$4,024,297$4,067,575
Gross amount from sales of assets other than inventory$214,847,044$130,052,195$115,813,109$121,783,333$116,602,933$131,778,763$37,621,765$32,686,002
Less: cost or other basis and sales expenses$209,118,858$138,905,318$121,275,085$117,116,379$113,910,696$123,543,175$33,597,468$28,618,427
Net income or (loss) from special events and activities$0$0$0$0$0$0$0$0
Gross revenue$0$0$0$0$0$0$0$0
Less: direct expenses other than fundraising expenses$0$0$0$0$0$0$0$0
Gross profit or (loss) from sales of inventory$0$0$0$0$0$0$0$0
Gross sales of inventory, less returns and allowances$0$0$0$0$0$0$0$0
Less: cost of goods sold$0$0$0$0$0$0$0$0
Other revenue$0$0$151,981$184,758$194,046$213,549$212,304$225,479
Total expenses$62,300,431$55,920,831$56,383,798$64,166,204$58,869,143$66,222,133$72,510,076$69,406,700
Program services$42,654,391$37,120,351$36,109,558$40,616,831$36,506,995$39,143,380$43,135,045$41,594,777
Management and general$19,646,040$18,800,480$20,274,240$23,549,373$22,362,148$27,078,753$29,375,031$27,811,923
Fundraising$0$0$0$0$0$0$0$0
Payments to affiliates$0$0$0$0$0$0$0$0
Net assets or fund balances at end of year$101,810,432$85,110,625$74,549,713$74,135,499$76,798,693$79,982,044$90,286,158$94,894,619
Excess or (deficit) for the year$-403,481$-15,460,882$-12,480,715$-2,926,538$-625,610$6,067,882$2,260,990$13,860,231
Net assets or fund balances at beginning of year$109,241,436$101,810,432$85,110,625$74,549,713$74,135,499$76,798,693$79,982,044$90,286,158
Other changes in net assets or fund balances$-7,027,523$-1,238,925$1,919,803$2,512,324$3,288,804$-2,884,531$8,043,124$-9,251,770
Statement of Functional Expenses (for 2007)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$69,406,700$41,594,777$27,811,923$0
Grants paid from donor advised funds$0
Other grants and allocations$841,263
Specific assistance to individuals$0
Benefits paid to or for members$0
Compensation of current officers, directors, key employees, etc.$5,094,433$2,615,544$2,478,889$0
Compensation of former officers, directors, key employees, etc.$11,000$0$11,000$0
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0$0$0
Salaries and wages of employees not included above$20,911,257$10,198,745$10,712,512$0
Pension plan contributions not included above$3,130,639$1,561,877$1,568,762$0
Employee benefits not included above$3,693,710$2,123,059$1,570,651$0
Payroll taxes$1,825,251$910,617$914,634$0
Professional fundraising fees$0$0$0$0
Accounting fees$180,841$51,146$129,695$0
Legal fees$220,101$20,943$199,158$0
Supplies$166,953$109,857$57,096$0
Telephone$286,777$113,665$173,112$0
Postage and shipping$440,559$224,008$216,551$0
Occupancy$2,230,323$659,776$1,570,547$0
Equipment rental and maintenance$595,437$68,037$527,400$0
Printing and publications$5,313,865$5,231,002$82,863$0
Travel$3,187,973$2,438,251$749,722$0
Conferences, conventions, and meetings$3,613,899$2,650,892$963,007$0
Interest$1,282,391$1,282,391$0$0
Depreciation, depletion, etc.$3,869,836$790,252$3,079,584$0
Other expenses not covered above$12,510,192$9,703,452$2,806,740$0
Balance Sheets
20002001200220032004200520062007
Total assets$160,020,271$150,991,299$147,979,138$145,572,253$151,384,315$161,932,308$171,139,402$175,342,613
Cash - non-interest-bearing$491,719$700,284$2,183,100$1,928,994$2,801,727$4,354,509$2,716,775$1,294,719
Savings and temporary cash investments$33,079,653$17,430,999$25,042,546$14,593,810$8,590,365$13,698,545$15,992,158$20,510,848
Accounts receivable less allowance for doubtful accounts$2,092,877$2,160,161$2,633,495$2,571,922$3,342,123$3,190,817$3,267,008$3,095,614
Pledges receivable less allowance for doubtful accounts$0$0$0$0$0$0$0$0
Grants receivable$0$0$0$0$0$0$0$0
Receivables from current and former officers, directors, trustees, and key employees$0$0$0$0$0$0$0$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0
Other notes and loans receivable less allowance for doubtful accounts$0$0$0$746,762$808,742$1,520,350$1,336,911$0
Inventories for sale or use$213,610$169,441$205,504$196,750$173,709$354,815$0$0
Prepaid expenses and deferred charges$872,609$1,356,660$3,544,887$1,737,642$1,552,177$3,822,077$510,902$1,734,637
Investments - publicly-traded securities$8,913$0
Investments - other securities$87,324,324$71,847,086$53,179,212$61,484,607$69,723,249$69,924,352$81,878,128$84,393,319
Investments - land, buildings, and equipment less accumulated depreciation$0$0$0$0$0$0$0$0
Investments - other$1,660,747$1,803,609$1,840,805$1,954,285$2,075,930$2,711,014$3,189,063$0
Land, buildings, and equipment less accumulated depreciation$31,131,407$52,636,573$56,930,215$57,161,544$58,400,810$57,477,157$56,705,160$57,731,762
Other assets, including program-related investments$3,153,325$2,886,486$2,419,374$3,195,937$3,915,483$4,878,672$5,534,384$6,581,714
Total liabilities$58,209,839$65,880,674$73,429,425$71,436,754$74,585,622$81,950,264$80,853,244$80,447,994
Accounts payable and accrued expenses$13,251,796$9,623,033$14,405,416$14,804,570$15,754,564$25,285,662$25,667,539$28,297,016
Grants payable$0$0$0$0$0$0$0$0
Deferred revenue$7,833,052$12,096,659$15,818,354$15,166,930$17,424,001$23,230,732$22,806,764$20,522,229
Loans from officers, directors, trustees, and key employees$0$0$0$0$0$0$0$0
Tax-exempt bond liabilities$36,041,136$35,521,412$34,915,315$34,319,681$33,693,765$33,037,848$32,341,931$31,616,953
Mortgages and other notes payable$0$0$0$0$0$0$0$0
Other liabilities$1,083,855$8,639,570$8,290,340$7,145,573$7,713,292$396,022$37,010$11,796
Total liabilities and net assets/fund balances$160,020,271$150,991,299$147,979,138$145,572,253$151,384,315$161,932,308$171,139,402$175,342,613
Total net assets or fund balances$101,810,432$85,110,625$74,549,713$74,135,499$76,798,693$79,982,044$90,286,158$94,894,619
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
20002001200220032004200520062007
Total revenue$61,896,950$40,459,948$43,903,083$61,239,666$58,243,533$72,290,015$74,771,066$83,266,931
Total revenue, gains, and other support per audited financial statements$60,335,223$39,613,777$42,964,818$61,632,850$62,215,174$65,337,481$80,479,460$82,176,194
Other expenses$0$0$0$1,137,179$3,216,748$0$6,667,768$0
Net unrealized gains on investments$0$0$0$1,137,179$3,216,748$0$6,667,768$0
Donated services and use of facilities$0$0$0$0$0$0$0$0
Recoveries of prior year grants$0$0$0$0$0$0$0$0
Other$0$0$0$0$0$0$0$0
Other revenue$1,561,727$846,171$938,265$743,995$-754,893$6,952,534$959,374$1,090,737
Investment expenses$0$0$0$0$0$0$0$0
Other$1,561,727$846,171$938,265$743,995$-754,893$6,952,534$959,374$1,090,737
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
20002001200220032004200520062007
Total expenses$62,300,481$55,920,831$56,383,798$64,166,204$58,869,143$66,222,133$72,510,076$69,406,700
Total expenses and losses per audited financial statements$61,535,734$55,087,503$55,515,524$61,269,214$59,066,273$62,154,130$69,698,520$67,505,770
Other revenue$0$0$0$0$0$0$0$0
Donated services and use of facilities$0$0$0$0$0$0$0$0
Prior year adjustments$0$0$0$0$0$0$0$0
Losses$0$0$0$0$0$0$0$0
Other$0$0$0$0$0$0$0$0
Other expenses$764,747$833,328$868,274$2,896,990$-197,130$4,068,003$2,811,556$1,900,930
Investment expenses$0$0$0$0$0$0$0$0
Other$764,747$833,328$868,274$2,896,990$-197,130$4,068,003$2,811,556$1,900,930
Current Officers, Directors, Trustees, and Key Employees
Average hours per week devoted to positionCompensationContributions to employee benefit plans & deferred compensation plansExpense account and other allowances
6$15,305$0$0
6$63,739$0$0
9$2,806$0$0
5$13,667$0$0
7$76,005$0$0
4$4,500$0$0
35$204,634$22,733$0
35$260,564$29,191$0
35$211,927$32,715$0
35$234,215$34,634$0
35$162,142$27,494$0
35$406,677$46,403$0
7$65,533$0$5,000
6$26,866$0$5,000
4$2,223$0$0
35$416,866$47,637$0
35$230,177$32,711$0
35$243,022$33,962$0
35$387,355$44,451$0
35$406,175$46,363$0
14$137,384$0$10,000
9$133,858$0$0
4$300$0$0
35$535,050$52,513$0
35$168,050$19,883$0
35$224,672$33,883$0
35$259,201$35,042$0
35$201,520$33,156$0
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings32
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?No
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?No
Does the organization have a written conflict of interest policy?Yes
Former Officers, Directors, Trustees, and Key Employees That Received Compensation or Other Benefits
Loans and AdvancesCompensationContributions to employee benefit plans & deferred compensation plansExpense account and other allowances
$0$11,000$0$0
Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?Yes
Was there a liquidation, dissolution, termination, or substantial contraction during the year?No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?Yes
Direct and indirect political expenditures$0
Did the organization file Form 1120-POL for this year?No
Were substantially all dues nondeductible by members?
Did the organization make only in-house lobbying expenditures of $2,000 or less?
Dues, assessments, and similar amounts from members$0
Section 162(e) lobbying and political expenditures$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices$0
Taxable amount of lobbying and political expenditures$0
Does the organization elect to pay the section 6033(e) tax on the amount above?
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?Yes
Amount of tax imposed on the organization during the year under: section 4911$0
Amount of tax imposed on the organization during the year under: section 4912$0
Amount of tax imposed on the organization during the year under: section 4955$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?No
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958$0
Amount of tax above, reimbursed by the organization$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?No
Did the organization acquire a direct or indirect interest in any applicable insurance contract?No
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?No
Number of employees employed in the pay period that includes March 12, 2006329
Analysis of Income-Producing Activities (for 2007)
Unrelated business incomeExcluded by section 512, 513, or 514Related or exempt function income
Business codeAmountExclusion codeAmount
Total$8,677,326$14,947,677$54,472,603
Program service revenue
Program service revenue 1000000$000$0$19,729,727
Program service revenue 2Advertising and related services$8,577,39600$0$4,784,605
Program service revenue 3000000$000$0$7,562,500
Program service revenue 4000000$000$0$0
Program service revenue 5000000$000$0$0
Medicare/Medicaid payments000000$000$0$0
Fees and contracts from government agencies000000$000$0$0
Membership dues and assessments000000$000$0$22,395,771
Interest on savings and temporary cash investments000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$576,638$0
Dividends and interest from securities000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$1,970,573$0
Net rental income or (loss) from real estate
debt-financed property000000$000$0$0
not debt-financed property000000$0Real property rental income that does not depend on the income or profits derived by the person leasing the property and is excluded by section 512(b)(3)$-265,003$0
Net rental income or (loss) from personal property000000$000$0$0
Other investment income000000$0Real property rental income that does not depend on the income or profits derived by the person leasing the property and is excluded by section 512(b)(3)$8,472,345$0
Gain or (loss) from sales of assets other than inventory000000$0Gain (or loss, to the extent allowed) from the sale of investments and other non-inventory property and from certain property acquired from financial institutions that are in conservatorship or receivership (sections 512(b)(5) and 512(b)(16)(A))$4,067,575$0
Net income or (loss) from special events000000$000$0$0
Gross profit or (loss) from sales of inventory000000$000$0$0
Other revenueLessors of other real estate property$99,930Section 501(c)(3) organization - Income from an activity carried on primarily for the convenience of the organization's members, students, patients, visitors, officers, or employees (hospital parking lot or museum cafeteria, for example) (section 513(a)(2))$125,549$0
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2007)
EIN of corporation, partnership, or disregarded entityPercentage of ownership interestTotal incomeEnd-of-year assets
521781934100%$8,383,455$0
521782512100%$8,672$0
0000000000%$0$0
0000000000%$0$0
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2007)
CompensationContributions to employee benefit plans & deferred compensationExpense account and other allowances
$264,339$37,004$0
$212,875$32,914$0
$209,650$30,783$0
$185,274$28,115$0
$184,712$26,098$0
Total number of other employees paid over $50,000194
Statements About Activities (for 2007)
Expenses paid or incurred in connection with the lobbying activities$711,689
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?No
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?No
Did the organization maintain any donor advised funds?No
Did the organization make any taxable distributions under section 4966?No
Did the organization make a distribution to a donor, donor advisor, or related person?No
The total number of donor advised funds owned at the end of the tax year$0
The aggregate value of assets held in all donor advised funds owned at the end of the tax year$0
The total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts$0
The aggregate value of assets held in all funds or accounts included above at the end of the tax year$0
Reason for Non-Private Foundation Status
The organization is not a private foundation because it isOrganization that normally receives: less than 1/3 of its support from gross investment income and unrelated taxable business income and more than 1/3 of its support from contribution, membership fees
Support Schedule
19992000200120022003200420052006
Total$46,478,299$50,453$42,886$42,005$49,545$53,449,567$62,914,959$70,576,468
Gifts, grants, and contributions received$1,427,138$2,552$1,861$1,941$2,772$1,884,802$995,725$993,738
Membership fees received$18,139,185$19,136$18,104$19,796$20,923$21,810,874$21,604,565$22,864,907
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose$23,688,127$23,579$19,387$17,940$24,177$26,848,374$38,423,191$43,993,309
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975$2,987,631$5,186$3,534$2,176$1,488$2,711,471$1,677,929$2,512,210
Net income from unrelated business activities not included above$236,218$0$0$0$0$0$0$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf$0$0$0$0$0$0$0$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge$0$0$0$0$0$0$0$0
Other income$0$0$0$152$185$194,046$213,549$212,304
Lobbying Expenditures by Electing Public Charities (for 2007)
Total exempt purpose expenditures$0
Total lobbying expenditures$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)$0
Total lobbying expenditures to influence a legislative body (direct lobbying)$0
Other exempt purpose expenditures$0
Lobbying nontaxable amount$0
Grassroots nontaxable amount$0
Unrelated Trade or Business Income (for 2008)
IncomeExpensesNet
Total$86,773,261$0$17,820,131
Gross receipts or sales less returns and allowances$0$0$0
Cost of goods sold$0$0$0
Gross profit$0$0$0
Capital gain net income$0$0$0
Net gain$0$0$0
Capital loss deduction for trusts$0$0$0
Income (loss) from partnerships and S corporations$0$0$0
Rent income$999,301$12,057$-20,640
Unrelated debt-financed income$0$0$0
Interest, annuities, royalties, and rents from controlled organizations$0$0$0
Investment income of a section 501(c)(7), (9), or (17) organization$0$0$0
Exploited exempt activity income$0$0$0
Advertising income$85,773,961$6,774,743$18,026,531
Other income$0$0$0
Deductions Not Taken Elsewhere (for 2008)
Total deductions$1,787,379
Compensation of officers, directors, and trustees$0
Salaries and wages$0
Repairs and maintenance$0
Bad debts$0
Interest$0
Taxes and licenses$0
Charitable contributions$0
Depreciation$0
Depletion$0
Contributions to deferred compensation plans$0
Employee benefit programs$0
Excess exempt expenses$0
Excess readership costs$17,873,791
Other deductions$0
Unrelated business taxable income$0
Unrelated business taxable income before net operating loss deduction$-53,661
Net operating loss deduction$0
Unrelated business taxable income before specific deduction$-53,661
Specific deduction$0
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Cleveland Clinic Foundation, Group Return9500 Euclid Avenue No Jj19, Cleveland, OH 44195-0001OH1928-10$8,860,672,869
2Ascension Health-Is Inc4600 Edmundson Rd, Saint Louis, MO 63134-3806MO1946-03$629,285,912
3American Medical Association330 N Wabash Ave Ste 39300, Chicago, IL 60611-5885IL1946-03$500,926,692
4Florida Clinical Practice Association IncPO BOX 100205, Gainesville, FL 32610-0205FL1981-10$456,238,005
5Massachusetts Medical Society, New England Journal Of Medicine860 Winter St, Waltham, MA 02451-1411MA1994-11$225,549,049
6St Lukes Physician Group Inc801 Ostrum Street, Bethlehem, PA 18015-1000PA$178,237,760
7National Board Of Medical Examiners3750 Market St, Philadelphia, PA 19104-3102PA1937-09$152,928,860
8American College Of Physicians Inc, Acp190 Nindependence Mall West, Philadelphia, PA 19106PA1977-12$121,710,559
9Drug Information Association Inc800 Enterprise Rd Ste 200, Horsham, PA 19044-3509PA1973-07$25,651,833
10Langhorne Physican Services Inc, Dba Langhorne1201 Langhorn Newtown Road, Langhorn, PA 19047-1201PA1990-08$19,493,277
11Chop Clinical Associates IncC/O Chop 34th St Civic Center B, Philadelphia, PA 19104PA2001-03$14,954,440
12Pennsylvania Medical Society777 East Park Drive, Harrisburg, PA 17111-2754PA1938-03$12,894,909
13Allegheny County Medical Society713 Ridge Ave, Pittsburgh, PA 15212-6098PA1938-03$1,876,404
14Philadelphia County Medical Society2100 Spring Garden St, Philadelphia, PA 19130-3502PA1938-02$855,660
15Lackawanna County Medical Society1000 Meade Street 2nd Floor No, Dunmore, PA 18512-3195PA1952-06$92,145
16Peoples Medical SocietyAllentown, PA 18105PA$59,616
17Clinical Laboratory Standards Institute Inc950 West Valley Rd, Wayne, PA 19087-1824PA1971-05$9,495,185
18Southeast Region Of The National Rehabilitation Association101 Pinnacle Court, Frankfort, KY 40601-2694KY1991-09$54,335
19International Federation Of Health Information Management Association233 N Michigan Ave 21st Fl, Chicago, IL 60601IL2014-07$0
20The Association Of Medical Service Corps Officers Of The Navy3005 Circle Dr, Bloomsburg, PA 17815-8913PA1999-03$0
Number of organizations performing similar types of work
Alabama4
Arkansas1
Arizona3
California16
Colorado3
Connecticut2
District of Columbia4
Florida5
Georgia3
Idaho1
Illinois17
Indiana4
Kansas4
Kentucky2
Louisiana4
Massachusetts4
Maryland8
Maine2
Michigan2
Minnesota3
Missouri6
North Carolina4
Nebraska2
New Jersey2
New Mexico2
Nevada1
New York5
Ohio9
Oklahoma1
Oregon2
Pennsylvania13
South Carolina1
Tennessee2
Texas8
Virginia7
Washington2
Wisconsin1
Wyoming1
International2
Total163
20 biggest affiliated organizations
AffiliationNameAddressStateEstablishedTotal Income
CentralAmerican College Of Physicians Inc, Acp190 Nindependence Mall West, Philadelphia, PA 19106PA1977-12$121,710,559
SubordinateAmerican College Of Physicians, North Carolina ChapterPO BOX 27167, Raleigh, NC 27611-7167NC1977-12$413,620
SubordinateAmerican College Of Physicians, New York Chapter Office744 Broadway, Albany, NY 12207-2331NY1977-12$395,247
SubordinateAmerican College Of Physicians, Texas Chapter Office401 West 15th Street, Austin, TX 78701-1670TX1977-12$383,764
SubordinateAmerican College Of Physicians, Georgia ChapterPO BOX 1467, Flowery Br, GA 30542-0025GA1977-12$253,551
SubordinateAmerican College Of Physicians, Michigan Chapter3601 W 13 Mile Rd, Royal Oak, MI 48073-6712MI1977-12$201,487
SubordinateAmerican College Of Physicians, Washington Chapter2001 6th Ave Ste 2700, Seattle, WA 98121-2547WA1977-12$198,404
SubordinateAmerican College Of Physicians, Pennsylvania Chapter1489 Baltimore Pike Ste 230, Springfield, PA 19064-3973PA1977-12$194,234
SubordinateAmerican College Of Physicians, Ohio Chapter231 Albert Sabin Way, Cincinnati, OH 45267-2827OH1977-12$192,992
SubordinateAmerican College Of Physicians, Illinois Chapter40120 N Bridlewood Ct, Anthem, AZ 85086-2320AZ1977-12$170,544
SubordinateAmerican College Of Physicians, Florida Chapter Office1000 Riverside Ave 220, Jacksonville, FL 32204-4144FL1977-12$161,897
SubordinateAmerican College Of Physicians, New Jersey Chapter91 Nathan Blvd, Parlin, NJ 08859-2180NJ1977-12$145,722
SubordinateAmerican College Of Physicians, Virginia Chapter725 Woodson Pl, Manakin Sabot, VA 23103-3162VA1977-12$144,590
SubordinateAmerican College Of Physicians, Puerto Rico ChapterPO BOX 13028, San Juaninternational1977-12$133,287
SubordinateAmerican College Of Physicians, Northern California Chapter1129 Westlynn Way, Sacramento, CA 95831-2854CA1977-12$131,452
SubordinateAmerican College Of Physicians, Alabama ChapterPO BOX 1900, Montgomery, AL 36102-1900AL1977-12$126,024
SubordinateAmerican College Of Physicians, Colorado Chapter5404 S Taft Ct, Littleton, CO 80127-1572CO1977-12$114,874
SubordinateAmerican College Of Physicians, Arizona ChapterPO BOX 245017, Tucson, AZ 85724-5017AZ1977-12$110,292
SubordinateAmerican College Of Physicians, Missouri ChapterPO BOX 1028, Jefferson Cty, MO 65102-1028MO1977-12$106,820
SubordinateAmerican College Of Physicians, Tennessee Chapter2301 21st Ave S, Nashville, TN 37212-4908TN1977-12$106,033
Number of affiliated organizations
Alaska1
Alabama1
Arkansas1
Arizona2
California3
Colorado1
Connecticut1
District of Columbia1
Delaware1
Florida1
Georgia1
Hawaii1
Iowa1
Idaho1
Indiana1
Kentucky1
Louisiana1
Massachusetts1
Maryland3
Maine1
Michigan1
Minnesota1
Missouri1
Mississippi1
Montana1
North Carolina1
North Dakota1
New Hampshire1
New Jersey1
New Mexico1
Nevada1
New York1
Ohio1
Oklahoma1
Pennsylvania2
Rhode Island1
South Carolina1
South Dakota3
Tennessee1
Texas1
Utah1
Virginia1
Vermont1
Washington2
Wisconsin1
West Virginia1
Wyoming1
International1
Total57

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