American Association of Colleges of Osteopathic Medicine

“Aacom has an executive committee, consisting of the chair of the board of deans (chair of the committee), as well as the board's vice-chair, secretary-treasurer, the immediate past chair, the chair of the assembly of presidents (or other member of the assembly of presidents elected by that body), the chair of the assembly of osteopathic graduate medical educators, (or other member of the assembly of osteopathic graduate medical educators elected by that body), four additional at-large members from among all members of the board of deans, at least one of which shall be a representative of a branch or additional location, and the president of the association. No more than one individual may serve on the executive committee at any time from any college member or its affiliate member. The assembly of presidents and the assembly of graduate medical educators shall elect alternate representatives if any other members of the executive committee represent the same college members or their affiliates as are represented by the chair of the assembly of presidents or the chair of the assembly of osteopathic graduate medical educators. The president of the association, shall be a non-voting member of the executive committee. During the intervals between board meetings, the executive committee may exercise all powers of the full board, except with respect to removal of members, and amendment of the bylaws. All actions taken by the committee are reported to the board of deans at its next meeting.”

“Aacom has two classes of members: college members and affiliate members. Each dean/chief academic officer of college members is appointed to the board of deans. The voting college members have the rights to 1) approve dues and fees, 2) suspend membership, 3) change bylaws, and 4) vote for the officers of the board of deans.”

“Aacom finance department works with the tax preparer in preparing draft 990. The draft is first reviewed by the senior vice president of finance & operations, then presented to the president/ceo and audit committee for review and approval. It is possible the audit committee will suggest changes. The approved draft 990 is sent to all board of deans members for review prior to filing with the irs. The final form will reflect feedback from board members as appropriate.”

“Board members complete an inquiry/action form annually where potential conflicts of interest are reported. Perceived or actual conflicts of interest are addressed with board members by the ethics committee chair. The ethics committee meetings are held to review any potential conflicts of interest brought to the attention of the ethic committee by the ethics committee chair. The board member with a potential conflict of interest must recuse himself or herself from the vote on the matter. The ethics committee documents the potential conflicts, the results of their review, and disposition of the conflict are reported to the board of deans.”

“During the fiscal year ended june 30, 2025, the board of deans engaged an outside compensation expert to conduct a review of its ceo compensation by reviewing data available for this role in comparable organizations (nonprofits in the dc area, colleges of osteopathic medicine across the united states). This compensation analysis was reviewed by the chair of the board and the executive committee before the recommended compensation change took effective on july 1st, 2025. The ceo receives an annual increase. Aacom also uses an independent compensation expert to review compensation for each job role every two to three years (the last review was completed in june 2024). New positions are also externally priced by the same independent compensation expert using a similar methodology.”

“The organization's governing documents, conflict of interest policy, and financial statements are currently made available to the public upon request for the same period of disclosure as set for in section 6104(d).”

“It consulting: program service expenses 504,023. Management and general expenses 74,001. Fundraising expenses 0. Total expenses 578,024. Other consulting and fees: program service expenses 2,241,543. Management and general expenses 59,625. Fundraising expenses 0. Total expenses 2,301,168. Hr consulting: program service expenses 0. Management and general expenses 11,240. Fundraising expenses 0. Total expenses 11,240. Mkt & comms consulting: program service expenses 69,000. Management and general expenses 0. Fundraising expenses 0. Total expenses 69,000. Gov rel/adv consulting: program service expenses 361,080. Management and general expenses 0. Fundraising expenses 0. Total expenses 361,080. Applicant svc consulting: program service expenses 2,959,875. Management and general expenses 0. Fundraising expenses 0. Total expenses 2,959,875.”

“The audit oversight process has remained unchanged from the prior year.”