Overview
What is American Association Of Colleges Of Osteopathic Medicine?
The American Association of Colleges of Osteopathic Medicine (AACOM) is a prominent nonprofit organization based in Bethesda, Maryland. AACOM plays a pivotal role in the osteopathic medical education community by providing a centralized application service for students seeking admission to US osteopathic medical colleges. This service, unique to AACOM, allows students to apply to multiple medical schools using a single application and standardizes the review process for AACOM's member colleges. In the recent year, approximately 24,002 student applicants utilized this service. AACOM actively engages in recruitment efforts to broaden awareness about osteopathic medicine among potential applicants, striving to attract a diverse and academically strong candidate pool for its member medical schools. Beyond application services, AACOM advocates for the continuum of medical education by representing and advancing osteopathic medical education and osteopathic medicine itself. It accomplishes this through supporting its member institutions, increasing awareness, promoting excellence, and fostering innovation and quality throughout medical education. AACOM's mission is to lead and advocate for the osteopathic medical education community, ultimately working towards improving public health.
Official website here: www.aacom.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96%
The American Association of Colleges of Osteopathic Medicine has achieved an impressive Four-Star out of Four Star rating from Charity Navigator, reflecting its strong commitment to accountability and finance. The organization's overall score is derived entirely from its accountability metrics, indicating that it operates with a high level of transparency and financial responsibility.
The nonprofit excels in several key areas, including having a fully independent board of directors and a robust audit and oversight committee. Its financial health is further underscored by a low liabilities to assets ratio of 16.61% and a program expense ratio of 82.17%, suggesting that a significant portion of its expenditures directly supports its programs.
While the data highlights substantial strengths, it is essential to note that no significant limitations or issues were reported. The organization appears to have comprehensive policies in place, including conflict of interest and whistleblower policies, reinforcing its integrity and ethical standards in operations.
This AI summary has been generated from information found on Charity Navigator.
Is American Association Of Colleges Of Osteopathic Medicine legitimate?
American Association Of Colleges Of Osteopathic Medicine is a legitimate nonprofit organization registered as a 501(c)(3) entity. American Association Of Colleges Of Osteopathic Medicine 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $1,786,530
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,479,132
For more financial information, click here
Official website here: www.aacom.org
What is the mission statement of American Association Of Colleges Of Osteopathic Medicine?
The American Association of Colleges of Osteopathic Medicine (AACOM) advocates for the osteopathic medical education community to enhance public health. By representing and advancing the continuum of medical education, AACOM supports its member institutions in training the future physician workforce. AACOM raises awareness of osteopathic medical education and osteopathic medicine. It promotes excellence in medical education, policy, research, and service, as well as fostering innovation and quality throughout medical education.
Official website here: www.aacom.org
Who is the CEO of American Association Of Colleges Of Osteopathic Medicine?
Robert A Cain Do Facoi is the Principal Officer of American Association Of Colleges Of Osteopathic Medicine. The CEO's salary of American Association Of Colleges Of Osteopathic Medicine is $487,419 and their total compensation is $548,828.
Official website here: www.aacom.org
What is the revenue of American Association Of Colleges Of Osteopathic Medicine?
American Association Of Colleges Of Osteopathic Medicine's revenue in 2022 was $18,698,103.
Official website here: www.aacom.org
Who are the executives of American Association Of Colleges Of Osteopathic Medicine and what are their salaries?
The average compensation at American Association Of Colleges Of Osteopathic Medicine during 2022 was $125,373. There are 42 employees and 957 volunteers at American Association Of Colleges Of Osteopathic Medicine.
Here are 67 key members and their salaries (American Association Of Colleges Of Osteopathic Medicine's CEO's salary is $487,419 and their total compensation is $548,828):
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Official website here: www.aacom.org
Where can I find the form 990 for American Association Of Colleges Of Osteopathic Medicine?
American Association Of Colleges Of Osteopathic Medicine's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.aacom.org
Learn more at the official website: www.aacom.org
Mission Statement of American Association Of Colleges Of Osteopathic Medicine
The American Association of Colleges of Osteopathic Medicine (AACOM) is a leading advocate for the osteopathic medical education community, working towards enhancing the health of the public. This esteemed organization represents and advances the continuum of medical education by supporting its member institutions as they educate the future physician workforce. AACOM's mission is multifaceted, encompassing various aspects of medical education, policy, research, and service.
In the realm of medical education, AACOM champions its member institutions, ensuring they have the resources and recognition needed to foster the development of skilled and compassionate osteopathic physicians. By increasing awareness of osteopathic medical education and osteopathic medicine, AACOM broadens the scope of healthcare options available to the public.
Moreover, AACOM promotes excellence in medical education, policy, research, and service. Through these initiatives, the organization strives to set high standards for osteopathic medical education and inspire continuous improvement. Additionally, AACOM fosters innovation and quality throughout medical education, empowering institutions to adapt to the ever-changing landscape of healthcare.
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Impact
October, 2024
The American Association of Colleges of Osteopathic Medicine (AACOM) significantly impacts the landscape of medical education and public health through advocacy and support for osteopathic medical schools. By representing and advancing the continuum of medical education, AACOM plays a crucial role in ensuring the future physician workforce is well-prepared to meet the needs of diverse patient populations.
AACOM provides a centralized application service, streamlining the process for students applying to U.S. osteopathic medical colleges. This not only simplifies the application experience for over 24,000 applicants but also standardizes the review process across member colleges, making it easier to attract a diverse and academically qualified pool of candidates.
Additionally, AACOM is dedicated to increasing awareness of osteopathic medicine and promoting excellence in medical education, policy, research, and service. Through its recruitment activities, AACOM actively engages potential medical school applicants, thereby enhancing the visibility and understanding of osteopathic medical education.
By fostering innovation and quality in medical education, AACOM contributes to improved health outcomes for the public, ensuring that the next generation of physicians is equipped with comprehensive skills and knowledge to address the complexities of modern healthcare.
This information is meant to be a general summary of American Association Of Colleges Of Osteopathic Medicine. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $844,674
- Program Service Revenue: $17,398,130
- Gross Receipts: $27,878,224
Assets and Liabilities:
- Total Assets: $36,309,153
- Total Liabilities: $5,228,245
- Net Assets: $31,080,908
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
APPLICATION FEES
Revenue
$13,845,718
MEMBERSHIP DUES
Revenue
$1,798,002
MEMBER SERVICES
Revenue
$1,158,308
ANNUAL MEETING
Revenue
$596,065
PUBS AND OTHER PROGRAMS
Revenue
$37
Organization Details
Founding Year
1970
Phone
(301) 968-4100Principal Officer
Robert A Cain Do Facoi
Main Address
7700 OLD GEORGETOWN ROAD 250, BETHESDA, MD, 20814
Website
www.aacom.orgNTEE Category
Code: B54C - Education
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