Civic Intelligence

American College of Physicians Inc

EIN 23-1520302 • 501(c)3 • Philadelphia, PA

Profile

The mission of the american college of physicians (acp), www. Acponline. Org, is to enhance the quality and effectiveness of health care by fostering excellence and professionalism in the practice of medicine. Acp was founded in 1915 to promote the science and practice of medicine.

190 N Independence Mall WestPhiladelphia, PA 19106-1572

www.acponline.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

54th percentile

0.30x

Higher debt load relative to assets than 54% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2024

Liabilities / Revenue

70th percentile

0.85x

Higher debt load relative to revenue than 70% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2024

Net Margin

34th percentile

0.1%

Higher net margin than 34% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2024

Top Officer Pay

80th percentile

$1,019,005

Higher top officer pay than 80% of similar nonprofits.

Top officer pay equals 1.3% of source-year revenue.

501(c)3 • $100M-$250M nonprofits • Source year 2024

Asset Growth

47th percentile

5.2%

Faster asset growth than 47% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Annualized from 2023 to 2024

Revenue Growth

26th percentile

-0.4%

Faster revenue growth than 26% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Annualized from 2023 to 2024

Assets

Up

$213,929,599

Up $10,557,185 (+5.2%) from 2023

Liabilities

Down

$63,933,660

Down $3,552,663 (-5.3%) from 2023

Net Assets

Up

$149,995,939

Up $14,109,848 (+10%) from 2023

Revenue

Down

$75,526,136

Down $325,774 (-0.4%) from 2023

Expenses

Down

$75,441,931

Down $595,830 (-0.8%) from 2023

Net Income

Up

$84,205

Up $270,056 (+145%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$300M$200M$100M$0Assets 2010: $145,220,518Liabilities 2010: $91,364,939Net Assets 2010: $53,855,5792010Assets 2011: $154,071,099Liabilities 2011: $87,397,045Net Assets 2011: $66,674,0542011Assets 2012: $148,301,463Liabilities 2012: $103,340,817Net Assets 2012: $44,960,6462012Assets 2013: $151,919,236Liabilities 2013: $90,275,624Net Assets 2013: $61,643,6122013Assets 2014: $162,929,841Liabilities 2014: $81,756,548Net Assets 2014: $81,173,2932014Assets 2015: $162,067,743Liabilities 2015: $90,118,250Net Assets 2015: $71,949,4932015Assets 2016: $158,124,828Liabilities 2016: $101,952,117Net Assets 2016: $56,172,7112016Assets 2017: $166,798,727Liabilities 2017: $93,264,442Net Assets 2017: $73,534,2852017Assets 2018: $171,158,209Liabilities 2018: $84,715,078Net Assets 2018: $86,443,1312018Assets 2019: $165,445,653Liabilities 2019: $82,454,839Net Assets 2019: $82,990,8142019Assets 2020: $166,251,470Liabilities 2020: $89,139,299Net Assets 2020: $77,112,1712020Assets 2021: $217,469,613Liabilities 2021: $76,429,142Net Assets 2021: $141,040,4712021Assets 2022: $191,321,547Liabilities 2022: $69,025,949Net Assets 2022: $122,295,5982022Assets 2023: $203,372,414Liabilities 2023: $67,486,323Net Assets 2023: $135,886,0912023Assets 2024: $213,929,599Liabilities 2024: $63,933,660Net Assets 2024: $149,995,9392024

Highlighted filing

2024

Assets$213,929,599
Liabilities$63,933,660
Net Assets$149,995,939

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$150M$100M$50M$0-$50MExpenses 2010: $71,756,0852010Expenses 2011: $71,231,3542011Expenses 2012: $67,028,7322012Revenue 2013: $78,525,441Expenses 2013: $74,946,425Net Income 2013: $3,579,0162013Revenue 2014: $80,738,134Expenses 2014: $69,526,444Net Income 2014: $11,211,6902014Revenue 2015: $70,840,578Expenses 2015: $68,002,526Net Income 2015: $2,838,0522015Revenue 2016: $78,823,083Expenses 2016: $77,188,357Net Income 2016: $1,634,7262016Revenue 2017: $78,212,213Expenses 2017: $72,925,177Net Income 2017: $5,287,0362017Revenue 2018: $85,950,365Expenses 2018: $73,182,947Net Income 2018: $12,767,4182018Revenue 2019: $87,332,899Expenses 2019: $81,744,970Net Income 2019: $5,587,9292019Revenue 2020: $66,810,188Expenses 2020: $66,772,231Net Income 2020: $37,9572020Revenue 2021: $101,815,972Expenses 2021: $63,681,055Net Income 2021: $38,134,9172021Revenue 2022: $88,236,745Expenses 2022: $79,666,812Net Income 2022: $8,569,9332022Revenue 2023: $75,851,910Expenses 2023: $76,037,761Net Income 2023: -$185,8512023Revenue 2024: $75,526,136Expenses 2024: $75,441,931Net Income 2024: $84,2052024

Highlighted filing

2024

Revenue$75,526,136
Expenses$75,441,931
Net Income$84,205

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$214$63.9$150$75.5$75.4$0.08
2023Detailed filing. Detailed filing data is available for this year.$203$67.5$136$75.9$76.0$0.19
2022Detailed filing. Detailed filing data is available for this year.$191$69.0$122$88.2$79.7$8.57
2021Detailed filing. Detailed filing data is available for this year.$217$76.4$141$102$63.7$38.1
2020Detailed filing. Detailed filing data is available for this year.$166$89.1$77.1$66.8$66.8$0.04
2019Detailed filing. Detailed filing data is available for this year.$165$82.5$83.0$87.3$81.7$5.59
2018Detailed filing. Detailed filing data is available for this year.$171$84.7$86.4$86.0$73.2$12.8
2017Detailed filing. Detailed filing data is available for this year.$167$93.3$73.5$78.2$72.9$5.29
2016Detailed filing. Detailed filing data is available for this year.$158$102$56.2$78.8$77.2$1.63
2015Detailed filing. Detailed filing data is available for this year.$162$90.1$71.9$70.8$68.0$2.84
2014Detailed filing. Detailed filing data is available for this year.$163$81.8$81.2$80.7$69.5$11.2
2013Summary only. Only limited summary data is available for this year.$152$90.3$61.6$78.5$74.9$3.58
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$148$103$45.0$67.0
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$154$87.4$66.7$71.2
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$145$91.4$53.9$71.8
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 14, 2025
Return Version
2023v6.0
Gross Receipts
$106,032,130
Mission and Program Overview

Mission

The mission of the american college of physicians (acp), www.acponline.org, is to enhance the quality and effectiveness of health care by fostering excellence and professionalism in the practice of medicine. Acp was founded in 1915 to promote the science and practice of medicine.

The american college of physicians (acp) is a national organization of internists - physicians who specialize in the prevention, detection and treatment of illnesses in adults. Acp is the largest medical-specialty organization and second-largest physician group in the united states. Its membership of 161, 000 includes internists, internal medicine subspecialists, medical students, residents, and fellows.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$135,957,936$140,823,922▲ $4,865,986
Land, Buildings, and Equipment, Net$36,665,646$35,076,642▼ $1,589,004
Savings and Temporary Cash Investments$6,041,928$10,162,852▲ $4,120,924
Accounts Receivable$7,309,268$7,324,154▲ $14,886
Cash and Non-Interest-Bearing Accounts$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0--
Investments Program Related$0--
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$203,372,414$213,929,599▲ $10,557,185
Other Assets Total$17,397,636$20,542,029▲ $3,144,393
Liabilities
Other Liabilities$36,414,981$36,833,445▲ $418,464
Deferred Revenue$16,332,020$16,671,477▲ $339,457
Accounts Payable and Accrued Expenses$9,981,656$7,598,116▼ $2,383,540
Tax Exempt Bond Liabilities$4,757,666$2,830,622▼ $1,927,044
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Escrow Account Liability$0$0→ $0
Total Liabilities$67,486,323$63,933,660▼ $3,552,663
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$135,886,091$149,995,939▲ $14,109,848
Net Assets With Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$135,886,091$149,995,939▲ $14,109,848
Total Liabilities and Net Assets / Fund Balance$203,372,414$213,929,599▲ $10,557,185

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$28,984,946$43,473,138$72,458,084
Equipment$3,767,696$14,337,042$18,104,738
Land$2,324,000-$2,324,000
Other Assets Org$4,731,788--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Darilyn V Moyer MdChief Executive Officer, EvpFT$749,088$269,917$1,019,005
Christine Laine MdEditor in Chief, SVPFT$609,101$164,410$773,511
Wayne H Bylsma PhdChief Operating Officer (thru 03/2024)FT$469,620$113,916$583,536
Davoren Chick MdChief Learning OfficerFT$427,182$111,749$538,931
Amir Qaseem MdChief Science Officer, SVPFT$403,263$123,909$527,172
Michael Weis MbaChief Financial OfficerFT$402,562$122,666$525,228
Cynthia Smith MdChief Membership & Engagement OfficerFT$375,401$103,102$478,503
Guy HudsonChief Human Resources Officer, SVPFT$351,077$86,580$437,657
Adrienne White-fainesChief Strategy OfficerFT$331,318$83,026$414,344
Priya Radhakrishnan MdPrior Chair Bog-$104,736-$104,736
Elisa I Choi MdRegent-$104,671-$104,671
Stephen Sisson MdPresident - Elect (thru 04/2024)-$84,190-$84,190
William E Fox MdChair, Board of Regents-$84,190-$84,190
Eileen Barrett MdImmediate Past Chair Bor-$84,075-$84,075
Omar T Atiq MdImmediate Past President-$83,541-$83,541
Ryan Mire MdPrior Past President (thru 04/2024)-$15,461-$15,461
Sue S Bornstein MdPast Chair Bor (thru 04/2024)-$15,461-$15,461

Board Members and Trustees

NameTitle
Roger S Khetan MdChair - Elect Board of Governors
Rebecca a Andrews MdChair - Elect Board Regents
Angela C Johnson MdChair, Board of Governors
Ankita Sagar MdChair, Council of Early Career Phys
Ian MotieChair, Council of Resident/fellow Members
Alicia I Arbaje MdChair, Council of Subspec Societies
Austin HoegChair, Student Members
Isaac O Opole MdPresident
Jason Goldman MdPresident - Elect (as of 04/2024)
Charlene M Dewey MdRegent
Charles J Hamori MdRegent
Col Cristin a Mount MdRegent
David R Hilden MdRegent
Irma Luisa Ceja Martinez MdRegent
Jan K Carney MdRegent
Leslie F Algase MdRegent
Marianne C Parshley MdRegent
Micah Beachy DoRegent
Noel Deep MdRegent
Saba a Hasan MdRegent
A Mario TarascoRegent (thru 04/2024)
Molly Southworth MdRegent (thru 04/2024)
Pooja JaeelRegent (thru 04/2024)
Ricardo CorreaRegent (thru 04/2024)
Suja M Mathew MdRegent (thru 04/2024)
Janet a Jokela MdTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Quad Graphics INCDigital & Print ServicesN61 W230044 HARRYS WAY, Sussex, WI 53089, Ca$1,797,000
Finn Partners INCProduct/campaign Services301 E 57TH STREET, New York, NY 10022$979,126
Able Building ManintenceJanitorial Services868 FOLSOM STREET, San Francisco, CA 94107$921,970
Mcmaster UniversityEditorial & Publication ServicesPO BOX 650519, Dallas, TX 75265$893,151
Freeman AudiovisualConvention Services-$892,311
Revenue and Support

Revenue Composition

Contributions and Grants
$26,589,106
Program Service Revenue
$36,816,254
Investment Income
$5,143,541
Other Revenue
$6,977,235
All Other Contributions
$950,940
Change in Net Assets
$84,205
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$46,144,094
Other Expenses$29,297,837
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$14,779,893$18,152,060-$32,931,953
Other Employee Benefits$3,498,059$3,794,695-$7,292,754
Current Officers, Directors, Trustees, and Key Employees$1,466,069$2,011,535-$3,477,604
Occupancy$2,453,108$946,694-$3,399,802
Travel$1,355,446$1,705,407-$3,060,853
Conferences and Meetings$2,663,088$37,925-$2,701,013
Payroll Taxes$1,163,968$1,277,815-$2,441,783
Depreciation Depletion$2,401,181--$2,401,181
Other Expenses$2,041,386$0-$2,041,386
All Other Expenses$-1,781,793$3,797,988$0$2,016,195
Fees for Service Investment Mgmnt Fees-$1,019,037-$1,019,037
Fees for Services Other$94,095$256,302$0$350,397
Information Technology$32,928$316,155-$349,083
Office Expenses$178,836$134,461-$313,297
Fees for Services Accounting$9,735$278,913-$288,648
Insurance-$238,327-$238,327
Interest$126,131--$126,131
Advertising$36,995--$36,995
Fees for Services Legal$2,354$24,540-$26,894
Total Functional Expenses$40,937,456$34,504,475$0$75,441,931
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accrued Pension Obligation$10,572,064
Operating Lease Liability$7,151,117
Accrued Postretirement Benefit$7,140,000
Deferred Program Fees$5,125,685
Prepaid Subscriptions$3,478,269
Accrued Vacation$2,434,875
Due to Related Parties$914,260
Deferred Grant Revenue$17,175

Bond Issues

BondIssuerIssuedIssue PricePurpose
APhiladelphia Authority for Industrial Development2011-06-06$23,528,556REFINANCE

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$23,289,068-$23,289,068$239,488

Bond Financing Compliance

No rebate due
No
Rebate not yet due
Yes
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
No
Corrective action procedures
Yes
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 6 Classes of members or stockholders

There shall be seven classes of members: "masters," "fellows," "honorary fellows," "members," "resident/fellow members," "medical student members,"affiliates".

Form 990, Part VI, Line 7A Members or stockholders electing members of governing body

The president, treasurer, and regents are elected by board of regents and board of governors.

Form 990, Part VI, Line 11B Review of form 990 by governing body

The 2023 return was presented to the financial committee and audit committee and the board of regents, prior to filing.

Form 990, Part VI, Line 12C Conflict of interest policy

Annually, a disclosure form is prepared. Acp management in various divisions monitor and review conflict of interest disclosures by new and current board members.

Form 990, Part VI, Line 15A Process to establish compensation of top management official

Acp strives to recruit highly motivated and experienced individuals at all levels of the organization, including staff and governance positions. Compensation for services provided by these individuals should reflect the requirements of the job and the value of the individual to the organization, and be competitive with similar positions at comparable organizations. Compensation of elected officers and executive vice president is determined as follows: 1. The compensation committee, periodically, but not less frequently than every three years, requests human resources staff to engage a qualified third party to perform a compensation survey of elected governance officers and the executive vice president/chief executive officer (evp/ceo), or similar positions, at comparable organizations. 2. Considering the results of the compensation survey, the cc reviews the current compensation of officers and the evp/ceo and recommends to the finance policy and audit committee (fpac) and the board of regents (bor) any adjustments determined to be necessary. 3. Per the annual cycle for determining the evp/ceo's performance, compensation and bonus, approved by the bor in april meeting on an annual basis, the bor chair and immediate past chair conduct the annual review of the evp/ceo, based on goals set for the evp/ceo in may of the previous year by the then-current bor chair and chair-elect, considering acp's strategic plan for the upcoming year. The bor chair and immediate past chair recommend a salary and bonus amount for the evp/ceo to the cc, who makes a recommendation to the bor. The bor chair recommends the final salary and bonus amount for the evp/ceo to the bor in executive session. 4. The cc may periodically review and recommend to the fpac and/or bor compensable items for elected representatives and other non-employees traveling on business for acp.

Form 990, Part VI, Line 19 Required documents available to the public

Governing documents, conflicts of interest policy and financial statements made available to the public upon request.

Filing and Contact Details

Filer

Filer Name
American College of Physicians Inc
EIN
23-1520302
Phone
2153512400
Address
190 N INDEPENDENCE MALL WEST, PHILADELPHIA, PA 19106-1572

Signing Officer

Name
Michael Weis
Title
CFO
Signed
2025-05-14
Discuss with paid preparer
Yes

Organization Details

Formed
1915
Legal Domicile
De
Voting Board Members
26
Independent Board Members
26
Employees
326
Volunteers
0

Preparer

Firm
Bdo USA
Address
1801 MARKET ST STE 1200, PHILADELPHIA, PA 19103-1634
Preparer
Kelly Raquet
Phone
2155641900
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 4D Description of other program services

(Expenses $ 5,005,660 including grants of $ 0)(Revenue $ 0) ALL OTHERS

Form 990, Part III, Line 4D Description of other program services

(Expenses $ 4,457,608 including grants of $ 0)(Revenue $ 1,123,223) MEMBERSHIP: WITH OVER 160,000 MEMBERS, ACP IS THE LARGEST MEDICAL SPECIALTY ORGANIZATION AND SECOND-LARGEST PHYSICIAN GROUP IN THE U.S. LEVELS OF ACP MEMBERSHIP ARE MEDICAL STUDENT, RESIDENT FELLOW, MEMBER, FELLOW ("FACP"), HONORARY FELLOW, AND MASTER ("MACP"). FELLOWSHIP RECOGNIZES PHYSICIANS' PERSONAL ACHIEVEMENTS IN INTERNAL MEDICINE. ACP MASTERS ARE SELECTED FOR OUTSTANDING CONTRIBUTIONS TO MEDICINE.

Form 990, Part XI, Line 9 Other changes in net assets or fund balances

Net unrecognized pension and postretirement benefit gain. - 2086862; other components of net periodic pension and postretirementbenefit costs. - -1922974;

Financial Statement Notes

Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote

For the years ended june 30, 2024 and 2023, acp did not identify any uncertain tax positions taken or expected to be taken in a tax return which would require adjustment to its consolidated financial statements. In addition, acp believes it has not engaged in any activities for which its tax-exempt status would not be sustained under federal or local examination. With certain exceptions, acp, acp services and masi are not subject to federal tax examinations for years prior to 2021 and acp services and masi are not subject to district of columbia tax examinations for years prior to 2021. In june 2018, the u.s. Supreme court issued a ruling in south dakota v. Wayfair that will allow states to require remote sellers to collect sales and use tax under certain circumstances. The state of south dakota alleged that u.s. Constitutional law should be revised to permit south dakota to require remote sellers to collect and remit sales tax in south dakota in accordance with south dakota's sales tax statute. Under the u.s. Supreme court's ruling, the longstanding quill corp v. North dakota sales tax case which required physical nexus for the imposition of sales tax was overruled. Pursuant to south dakota's statute, the college is not required to pay sales and use tax retroactively. The college recognized an estimated liability for state sales and use tax of $1,080,000 and $1,350,000 at june 30, 2024 and 2023, respectively. The liability is included in accounts payable and accrued expenses in the consolidated statements of financial position.

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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt37525881
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt38371008

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