American Medical Association Foundation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 366080517 ✦ Chicago, IL ✦ Designated as a 501(c)(3)

Overview

What is American Medical Association Foundation?

The American Medical Association Foundation, based in Chicago, Illinois, is a nonprofit organization dedicated to fostering a healthier nation. Through its activities, the foundation connects medical professionals with communities to promote overall wellbeing. One of their significant initiatives involves offering scholarship funding to academically gifted medical students with financial needs, who have demonstrated a commitment to public health. The Underrepresented in Medicine Scholarships are specifically awarded to students from underrepresented racial/ethnic/cultural backgrounds in the medical field, thereby promoting diversity, health equity, and the delivery of culturally competent care. These students often serve underprivileged and at-risk minority and socio-economically disadvantaged patient populations.


Official website here: www.amafoundation.org

Is American Medical Association Foundation legitimate?

American Medical Association Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. American Medical Association Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $1,240,138
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.amafoundation.org

What is the mission statement of American Medical Association Foundation?

The American Medical Association Foundation's mission is to foster collaboration between medical professionals and communities, with the aim of enhancing the nation's health. They achieve this by providing scholarship funding to academically exceptional medical students with a demonstrated commitment to public health, particularly those from underrepresented racial/ethnic/cultural groups. This initiative promotes diversity, health equity, and the delivery of culturally competent care, often inspiring these students to serve at-risk, minority, and socio-economically disadvantaged patient populations.


Official website here: www.amafoundation.org

Who is the CEO of American Medical Association Foundation?

William Sternfeld is the Former Executive Director of American Medical Association Foundation.


Official website here: www.amafoundation.org

What is the revenue of American Medical Association Foundation?

American Medical Association Foundation's revenue in 2022 was $8,763,967.


Official website here: www.amafoundation.org

Who are the executives of American Medical Association Foundation and what are their salaries?

Here are 21 key members and their salaries:

    Barkley Payne (Former Executive Director)
  • Compensation: $233,739
  • Related: $0
  • Other: $0

    • Sandra Smith (Director Of Advancement)
  • Compensation: $118,653
  • Related: $0
  • Other: $0

    • Erica E Marsh Md Msci (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Nancy Mueller Md (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Albert Ray Md (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Heather A Smith Md Mph (President) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • William Sternfeld Md (President-Elect) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jon Ekdahl Jd (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jeremy Lazarus Md (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Mary Beth Ellison (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Willarda V Edwards Md Mba (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Joshua M Cohen Md Mph Fahs (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jacqueline A Bello Md Facr (Immediate Past President) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Lisa Bohman Egbert Md (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jerry D Kennett Md (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Thomas J Madejski Md (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Cedric M Bright Md Facp (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Shaquille Charles (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Nicolas Leighton (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Diana Ramos Md Mph Mba Facog (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Dave Street (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.amafoundation.org

    Where can I find the form 990 for American Medical Association Foundation?

    The American Medical Association Foundation’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.amafoundation.org

    Learn more at the official website: www.amafoundation.org

    Mission Statement of American Medical Association Foundation

    The American Medical Association Foundation aims to bring together physicians and communities to enhance the overall health of our nation. Their mission is achieved by providing scholarship funding to academically exceptional medical students with a demonstrated commitment to public health. The Underrepresented in Medicine Scholarships are specifically awarded to students who meet these criteria and belong to racial/ethnic/cultural groups that are under-represented in the practicing physician population. These students often choose to serve at-risk minority and socio-economically disadvantaged patient populations. By doing so, the American Medical Association Foundation promotes diversity, health equity, and the delivery of culturally competent care.

    Impact

    This information is meant to be a general summary of American Medical Association Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    The American Medical Association Foundation's impact is focused on bringing together physicians and communities to improve our nation's health. One of their key activities is providing medical scholarships through programs like Physicians of Tomorrow. These scholarships aim to support academically outstanding medical students with financial needs who are already demonstrating a commitment to public health. Additionally, the foundation awards scholarships to medical students from underrepresented racial, ethnic, and cultural groups, promoting diversity, health equity, and culturally competent care. Through these initiatives, the foundation helps support future physicians who often choose to serve at-risk minority and socioeconomically disadvantaged patient populations.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $6,843,575
  • Program Service Revenue: $0
  • Gross Receipts: $26,205,266

    • Assets and Liabilities:
  • Total Assets: $26,650,564
  • Total Liabilities: $1,655,906
  • Net Assets: $24,994,658
  • Organization Details

    Founding Year

    1957

    Principal Officer

    William Sternfeld

    Main Address

    330 North Wabash Avenue Ste 39300, Chicago, IL, 606115885

    NTEE Category

    Code: H03 - Medical research

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