PLATINUM2024

American Osteopathic Foundation Inc

Chicago, IL   |  https://www.aof.org
GuideStar Charity Check

American Osteopathic Foundation Inc

EIN: 36-6056120


Mission

To support programs and services that promote Osteopathic medicine and enhance patient-centered care.

Ruling year info

1951

CEO

Rita Forden

Main address

142 E Ontario St STE 1450

Chicago, IL 60611 USA

Show more contact info

EIN

36-6056120

Subject area info

Holistic medicine

Public health

Medical specialties

Population served info

Students

Researchers

NTEE code info

Medical Disciplines (G90)

IRS subsection

501(c)(3) Public Charity

IRS filing requirement

This organization is required to file an IRS Form 990 or 990-EZ.

Tax forms

Communication

Affiliations

See related organizations info

What we aim to solve

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Our programs

SOURCE: Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

William G. Anderson, DO Minority Scholarship

The William G. Anderson, DO, Minority Scholarship provides financial support to minority medical students who are committed to a lifelong pursuit to eliminate health care disparities and enhance patient-centered care.

Population(s) Served
Students
Alaskan Natives
American Indians
Native Hawaiians
People of African descent

International Medical Outreach Travel provides stipends to Osteopathic medical students who plan to travel to underserved, underdeveloped or disaster-stricken areas to provide medical services. The goal of this grant is to inspire and empower members of the Osteopathic profession to participate in humanitarian medical outreach trips.

To qualify, students must plan to travel to an underserved, underdeveloped, or disaster-stricken area on an international humanitarian medical outreach trip. Outreach trips must be overseen by a reputable institution or organization.

Population(s) Served
Students

The AOF and American Osteopathic Association (AOA) established a joint New Investigator Research Fund in 2018 to build a pipeline and advance the scientific training of new investigators by providing funding of up to $50,000 for DOs, MDs or PhDs conducting 18-month studies that focus on Osteopathic principles.

Population(s) Served
Researchers

Where we work

Our results

SOURCE: Self-reported by organization

How does this organization measure their results? It's a hard question but an important one.

Total dollar amount of grants awarded

This metric is no longer tracked.
Totals By Year
Population(s) Served

Adults, Students, Researchers

Type of Metric

Output - describing our activities and reach

Direction of Success

Increasing

Our Sustainable Development Goals

SOURCE: Self-reported by organization

Learn more about Sustainable Development Goals.

Goals & Strategy

SOURCE: Self-reported by organization

Learn about the organization's key goals, strategies, capabilities, and progress.

Charting impact

Four powerful questions that require reflection about what really matters - results.

Create and expand funding initiatives that support programs and services that advance Osteopathic medicine.

Develop strategic initiatives and partnerships within targeted demographics or geographic areas
Develop strategic initiatives and partnerships with new public health areas of focus
Implement a structure for funding collaborative strategic grants or initiatives

High-functioning, professional team
Board committee engagement
Integrated digital system that comprehensively serves the Foundation in all its operations

2022 Caring for Communities grant awarded to HOPE, which further expands health outreach to/for LGBTQ communities
LGBTQ+ CME training developed; panelists recruited & video recorded; live session to follow at OMED
Minority Scholarships increased annual distributions by 40% (from 5 to 7)
American Osteopathic Foundation/American Osteopathic Academy of Orthopedics ORE-O Grant partnership renewed for another 3 years

How we listen

SOURCE: Self-reported by organization

Seeking feedback from people served makes programs more responsive and effective. Here’s how this organization is listening.

done We demonstrated a willingness to learn more by reviewing resources about feedback practice.
done We shared information about our current feedback practices.
  • How is your organization using feedback from the people you serve?

    To identify and remedy poor client service experiences, To identify bright spots and enhance positive service experiences, To make fundamental changes to our programs and/or operations, To inform the development of new programs/projects, To strengthen relationships with the people we serve

  • Which of the following feedback practices does your organization routinely carry out?

    We collect feedback from the people we serve at least annually, We aim to collect feedback from as many people we serve as possible, We take steps to ensure people feel comfortable being honest with us, We look for patterns in feedback based on demographics (e.g., race, age, gender, etc.), We look for patterns in feedback based on people’s interactions with us (e.g., site, frequency of service, etc.), We engage the people who provide feedback in looking for ways we can improve in response, We act on the feedback we receive, We share the feedback we received with the people we serve, We tell the people who gave us feedback how we acted on their feedback, We ask the people who gave us feedback how well they think we responded

  • What challenges does the organization face when collecting feedback?

    We don't have any major challenges to collecting feedback

Financials

American Osteopathic Foundation Inc
Fiscal year: Jan 01 - Dec 31
Financial documents
2022 2022 American Osteopathic Foundation Audited Financial Statements 2021 American Osteopathic Foundation
done  Yes, financials were audited by an independent accountant. info

Revenue vs. expenses:  breakdown

SOURCE: IRS Form 990 info
NET GAIN/LOSS:    in 
Note: When component data are not available, the graph displays the total Revenue and/or Expense values.

Liquidity in 2022 info

SOURCE: IRS Form 990

52.09

Average of 65.11 over 10 years

Months of cash in 2022 info

SOURCE: IRS Form 990

5.2

Average of 4.7 over 10 years

Fringe rate in 2022 info

SOURCE: IRS Form 990

13%

Average of 20% over 10 years

Funding sources info

Source: IRS Form 990

Assets & liabilities info

Source: IRS Form 990

Financial data

SOURCE: IRS Form 990

American Osteopathic Foundation Inc

Revenue & expenses

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

Fiscal year ending: cloud_download Download Data

American Osteopathic Foundation Inc

Balance sheet

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

The balance sheet gives a snapshot of the financial health of an organization at a particular point in time. An organization's total assets should generally exceed its total liabilities, or it cannot survive long, but the types of assets and liabilities must also be considered. For instance, an organization's current assets (cash, receivables, securities, etc.) should be sufficient to cover its current liabilities (payables, deferred revenue, current year loan, and note payments). Otherwise, the organization may face solvency problems. On the other hand, an organization whose cash and equivalents greatly exceed its current liabilities might not be putting its money to best use.

Fiscal year ending: cloud_download Download Data

American Osteopathic Foundation Inc

Financial trends analysis Glossary & formula definitions

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

This snapshot of American Osteopathic Foundation Inc’s financial trends applies Nonprofit Finance Fund® analysis to data hosted by GuideStar. While it highlights the data that matter most, remember that context is key – numbers only tell part of any story.

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Business model indicators

Profitability info 2018 2019 2020 2021 2022
Unrestricted surplus (deficit) before depreciation -$994,873 $1,752,392 $584,516 $960,672 -$2,823,700
As % of expenses -71.4% 116.2% 36.6% 55.9% -143.5%
Unrestricted surplus (deficit) after depreciation -$994,873 $1,751,435 $581,662 $954,320 -$2,828,784
As % of expenses -71.4% 116.1% 36.4% 55.3% -143.4%
Revenue composition info
Total revenue (unrestricted & restricted) $1,526,227 $2,780,723 $1,987,136 $3,314,044 $1,843,079
Total revenue, % change over prior year -20.0% 82.2% -28.5% 66.8% -44.4%
Program services revenue 0.0% 0.0% 0.0% 0.0% 1.1%
Membership dues 0.0% 0.0% 0.0% 0.0% 0.0%
Investment income 21.1% 13.2% 17.5% 11.1% 17.5%
Government grants 0.0% 0.0% 0.0% 7.3% 0.0%
All other grants and contributions 73.3% 84.0% 46.1% 64.9% 79.0%
Other revenue 5.6% 2.8% 36.4% 16.7% 2.4%
Expense composition info
Total expenses before depreciation $1,393,850 $1,508,208 $1,596,567 $1,717,809 $1,967,236
Total expenses, % change over prior year -1.3% 8.2% 5.9% 7.6% 14.5%
Personnel 52.0% 47.0% 52.6% 50.5% 51.8%
Professional fees 5.9% 7.6% 9.2% 12.1% 8.0%
Occupancy 5.4% 4.8% 4.2% 4.6% 4.0%
Interest 0.0% 0.0% 0.1% 0.2% 0.0%
Pass-through 17.5% 22.2% 22.1% 19.8% 18.6%
All other expenses 19.2% 18.3% 11.7% 12.8% 17.6%
Full cost components (estimated) info 2018 2019 2020 2021 2022
Total expenses (after depreciation) $1,393,850 $1,509,165 $1,599,421 $1,724,161 $1,972,320
One month of savings $116,154 $125,684 $133,047 $143,151 $163,936
Debt principal payment $0 $0 $0 $257,771 $0
Fixed asset additions $0 $5,737 $5,650 $9,600 $0
Total full costs (estimated) $1,510,004 $1,640,586 $1,738,118 $2,134,683 $2,136,256

Capital structure indicators

Liquidity info 2018 2019 2020 2021 2022
Months of cash 4.1 2.4 3.2 5.2 5.2
Months of cash and investments 108.4 125.3 128.0 127.9 92.6
Months of estimated liquid unrestricted net assets 88.3 95.5 94.6 94.5 65.3
Balance sheet composition info 2018 2019 2020 2021 2022
Cash $470,588 $299,215 $430,702 $739,693 $857,442
Investments $12,117,067 $15,453,270 $16,595,062 $17,565,304 $14,317,308
Receivables $12,000 $17,210 $57,089 $928,141 $866,677
Gross land, buildings, equipment (LBE) $100,583 $106,320 $107,877 $63,462 $63,462
Accumulated depreciation (as a % of LBE) 100.0% 95.5% 93.0% 82.9% 91.0%
Liabilities (as a % of assets) 1.2% 0.9% 2.9% 1.0% 1.8%
Unrestricted net assets $10,251,830 $12,003,265 $12,584,927 $13,539,247 $10,710,463
Temporarily restricted net assets $1,715,206 N/A N/A N/A N/A
Permanently restricted net assets $505,650 N/A N/A N/A N/A
Total restricted net assets $2,220,856 $3,658,046 $4,048,768 $5,535,141 $5,166,109
Total net assets $12,472,686 $15,661,311 $16,633,695 $19,074,388 $15,876,572

Key data checks

Key data checks info 2018 2019 2020 2021 2022
Material data errors No No No No No

Operations

The people, governance practices, and partners that make the organization tick.

Documents
Letter of Determination is not available for this organization
Form 1023/1024 is not available for this organization

CEO

Rita Forden

Since November 2017, Rita Forden has served as CEO of the American Osteopathic Foundation, a multi-million-dollar nonprofit foundation supporting programs and services that promote osteopathic medicine and enhance patient-centered care. She is a nationally recognized nonprofit leader with nearly thirty years of experience which includes serving as the COO of the Corporate Leadership Center; CEO of Susan G. Komen – Chicago; Chief Development Officer of the American Cancer Society; and Vice President at the United Way of Metropolitan Chicago. Considered a change agent within the nonprofit sector, she has created, restructured, and aligned development departments, increased return on investments, found internal catalysts for change, and improved employee and volunteer development programs. Her leadership includes raising funds in excess of half-billion dollars.

Number of employees

Source: IRS Form 990

American Osteopathic Foundation Inc

Officers, directors, trustees, and key employees

SOURCE: IRS Form 990

Compensation
Other
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Show data for fiscal year
Compensation data
Download up to 5 most recent years of officer and director compensation data for this organization

American Osteopathic Foundation Inc

Highest paid employees

SOURCE: IRS Form 990

Compensation
Other
Related
Show data for fiscal year
Compensation data
Download up to 5 most recent years of highest paid employee data for this organization

American Osteopathic Foundation Inc

Board of directors
as of 02/21/2024
SOURCE: Self-reported by organization
Board of directors data
Download the most recent year of board of directors data for this organization
Board chair

Dr. Joseph Zammuto

Dawn Tartaglione, DO

Jeffrey Grove, DO

Joseph Zammuto, DO

Tom Wallace

Scott Cyrus, DO

Jeff Heatherington

Jill Helenbrook

John Kowalczyk, DO

Wendy McDonald, RN

Seger Morris, DO

Kris Nicholoff

Sonia Rivera-Martinez, DO

Linda Saulnier

Julieanne Sees, DO

Barbara Ross-Lee, DO

Athena Masi, OMS II

Shereece Dove, OMS II

Thomas Quinn, DO

Shane Sergent, DO

Sonbol Shahid-Salles, DO

Board leadership practices

SOURCE: Self-reported by organization

GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section.

  • Board orientation and education
    Does the board conduct a formal orientation for new board members and require all board members to sign a written agreement regarding their roles, responsibilities, and expectations? Yes
  • CEO oversight
    Has the board conducted a formal, written assessment of the chief executive within the past year ? Yes
  • Ethics and transparency
    Have the board and senior staff reviewed the conflict-of-interest policy and completed and signed disclosure statements in the past year? Yes
  • Board composition
    Does the board ensure an inclusive board member recruitment process that results in diversity of thought and leadership? Yes
  • Board performance
    Has the board conducted a formal, written self-assessment of its performance within the past three years? Yes

Organizational demographics

SOURCE: Self-reported; last updated 2/1/2024

Who works and leads organizations that serve our diverse communities? Candid partnered with CHANGE Philanthropy on this demographic section.

Leadership

The organization's leader identifies as:

Race & ethnicity
White/Caucasian/European
Gender identity
Female, Not transgender
Sexual orientation
Heterosexual or Straight
Disability status
Person without a disability

Race & ethnicity

Gender identity

Transgender Identity

Sexual orientation

Disability

No data

Equity strategies

Last updated: 01/03/2024

GuideStar partnered with Equity in the Center - an organization that works to shift mindsets, practices, and systems to increase racial equity - to create this section. Learn more

Policies and processes
  • We seek individuals from various race backgrounds for board and executive director/CEO positions within our organization.
  • We help senior leadership understand how to be inclusive leaders with learning approaches that emphasize reflection, iteration, and adaptability.