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Nonprofit · EIN 54-0356395

RICHMOND ACADEMY OF MEDICINE INC

Tax-exempt · RICHMOND, VA 23294

Financials

$1.2M$1.1M2023$1.5M$1.2M2024$1.2M$1.2M2025
Revenue Expenses · by fiscal year end
Financials of RICHMOND ACADEMY OF MEDICINE INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2025990$1,229,378$1,195,869$33,509$7,797,665$241,790$7,555,875
December 31, 2024990$1,450,366$1,153,785$296,581$7,372,862$295,962$7,076,900
December 31, 2023990$1,232,175$1,146,315$85,860$6,440,043$269,518$6,170,525
Financial details: 990 for the year ended December 31, 2025

Revenue

Contributions, gifts and grants
$14,822
Program service revenue
$905,482
Investment income
$283,665
Royalties
$25,409
Net gain from sales of assets
$68,985
Other revenue
$25,409

Expenses

Grants and similar amounts paid
$100
Compensation of officers, directors and key employees
$212,985
Other salaries and wages
$455,274
Salaries, compensation and benefits (total)
$777,639
Professional fundraising fees
$0
Accounting fees
$11,000
Occupancy
$109,073
Depreciation
$12,539

Balance sheet and other

Total assets, start of year
$7,372,862
Total assets, end of year
$7,797,665
Total liabilities, end of year
$241,790
Net assets, end of year
$7,555,875
Land, buildings and equipment
$46,698
Publicly traded securities
$5,840,183
Net assets without donor restrictions
$7,543,015
Net assets with donor restrictions
$12,860
Gross unrelated business income
$21,174
Gross receipts
$1,409,388
Employees
9
Volunteers
16
Year formed
1821
State of legal domicile
VA

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2025, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
JAMES G BECKNEREX. DIR. - A
Officer
18.8$184,180$28,805
TOVIA SMITH MDPRESIDENT
Trustee or director, Officer
1$0$0
DEBORAH BARRON MDVICE-PRESIDE
Trustee or director, Officer
1$0$0
MARK TOWSEND MDTREASURER
Trustee or director, Officer
1$0$0
JONATHAN SCHAAF MDSECRETARY
Trustee or director, Officer
1$0$0
SIDNEY R JONES III MDIMM. PAST PR
Trustee or director, Officer
1$0$0
RACHEL DOWNEYTRUSTEE
Trustee or director
1$0$0
CARA HARTLEDO FACOGTRUSTEE
Trustee or director
1$0$0
LYDIA JOHNSON MDTRUSTEE
Trustee or director
1$0$0
ANDREYA RISSER MDTRUSTEE
Trustee or director
1$0$0
ARTURO SAAVEDRA MD PHDTRUSTEE
Trustee or director
1$0$0
SM DONNIE WADE III MDTRUSTEE
Trustee or director
1$0$0
RAYMOND MAKHOUL MDTRUSTEE
Trustee or director
1$0$0
JOYNITA R NICHOLSON DOTRUSTEE
Trustee or director
1$0$0
MORGAN SWANSTROM MDTRUSTEE
Trustee or director
1$0$0
1 more people on this return
NameTitleHours / weekCompensation
CHARLENE NG MDTRUSTEE
Trustee or director
1$0
990 for the year ended December 31, 2024: 17 people
NameTitleHours / weekCompensationOther / benefits
JAMES G BECKNEREX. DIR. - A
Officer
12$175,261$26,546
TOVIA SMITH MDPRESIDENT
Trustee or director, Officer
1$0$0
DEBORAH BARRON MDVICE-PRESIDE
Trustee or director, Officer
1$0$0
MARK TOWSEND MDTREASURER
Trustee or director, Officer
1$0$0
JONATHAN SCHAAF MDSECRETARY
Trustee or director, Officer
1$0$0
SIDNEY R JONES III MDIMM. PAST PR
Trustee or director, Officer
1$0$0
ALICE COOMBS MDTRUSTEE
Trustee or director
1$0$0
RACHEL DOWNEYTRUSTEE
Trustee or director
1$0$0
CARA HARTLEDO FACOGTRUSTEE
Trustee or director
1$0$0
LYDIA JOHNSON MDTRUSTEE
Trustee or director
1$0$0
SANJAY K PAIDISETTY MDTRUSTEE
Trustee or director
1$0$0
ANDRYEA RISSER MDTRUSTEE
Trustee or director
1$0$0
ARTURO SAAVEDRA MD PHDTRUSTEE
Trustee or director
1$0$0
SM DONNIE WADE III MDTRUSTEE
Trustee or director
1$0$0
RAYMOND MAKHOUL MDTRUSTEE
Trustee or director
1$0$0
JOYNITA R NICHOLSON DOTRUSTEE
Trustee or director
1$0$0
MORGAN SWANSTROM MDTRUSTEE
Trustee or director
1$0$0
990 for the year ended December 31, 2023: 17 people
NameTitleHours / weekCompensationOther / benefits
JAMES G BECKNEREX. DIR. - A
Officer
12$171,648$25,145
SIDNEY R JONES III MDPRESIDENT
Trustee or director, Officer
1$0$0
TOVIA SMITH MDVICE-PRESIDE
Trustee or director, Officer
1$0$0
JEREMIAH K O'SHEA MDTREASURER
Trustee or director, Officer
1$0$0
IKENNA IBE MDSECRETARY
Trustee or director, Officer
1$0$0
CAROLYN A BURNS MDIMM. PAST CH
Trustee or director, Officer
1$0$0
DEBORAH BARRON MDTRUSTEE
Trustee or director
1$0$0
ALICE COOMBS MDTRUSTEE
Trustee or director
1$0$0
RACHEL DOWNEYTRUSTEE
Trustee or director
1$0$0
CARA GOLISH HARTLEDO FACOGTRUSTEE
Trustee or director
1$0$0
LYDIA JOHNSON MDTRUSTEE
Trustee or director
1$0$0
JOYNITA R NICHOLSON DOTRUSTEE
Trustee or director
1$0$0
SANJAY K PAIDISETTY MDTRUSTEE
Trustee or director
1$0$0
JONATHAN T SCHAAF MDTRUSTEE
Trustee or director
1$0$0
MORGAN SWANSTROM MDTRUSTEE
Trustee or director
1$0$0
MARK D TOWNSEND MD MHCMTRUSTEE
Trustee or director
1$0$0
SM DONNIE WADE III MDTRUSTEE
Trustee or director
1$0$0

Address and contacts

Address (IRS master file)
2821 EMERYWOOD PKWY STE 200, RICHMOND, VA 23294-3726
In care of
% LINDA DAVIS
Principal officer (990 for 2025)
JAMES G BECKNER, 2821 EMERYWOOD PARKWAY SUITE 200, RICHMOND, VA 23294
Signed the 990
JAMES G BECKNER, EX. DIR. - AN, RAM
Phone
(804) 643-6631
Return prepared by
WELLSCOLEMAN

Mission

TO CREATE AND SUSTAIN A DYNAMIC AND INNOVATIVE PHYSICIAN COMMUNITY FOR THE BENEFIT OF THE GREATER RICHMOND AREA.

990 for the year ended December 31, 2025

Program accomplishments

  • TO PROMOTE THE SCIENCE AND PRACTICE OF MEDICINE AND SURGERY BY SUPPORTING AND EDUCATING ITS MEMBERS, SUPPORTING PHYSICIAN WELLNESS AND WORK/LIFE BALANCE, AND BY SERVING AS THE PATIENT'S ADVOCATE, THE PHYSICIAN'S ALLY, AND THE COMMUNITY'S PARTNER.

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026990 on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
54-0356395
Tax-exempt status
501(c)(6): Business league or chamber of commerce
Donations deductible
No
Exempt since
1938
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$7,797,665
Income (IRS master file)
$1,409,388

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2025$1,229,378$1,195,869$7,797,665IRS
990December 2024$1,450,366$1,153,785$7,372,862XML
990December 2023$1,232,175$1,146,315$6,440,043XML
990December 2022$1,220,549$1,316,077$6,307,295IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2019–––IRS
990December 2018–––IRS
990December 2017–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 54-0356395).

Questions about RICHMOND ACADEMY OF MEDICINE INC

What is the EIN of RICHMOND ACADEMY OF MEDICINE INC?
The employer identification number (EIN) of RICHMOND ACADEMY OF MEDICINE INC is 54-0356395.
Is RICHMOND ACADEMY OF MEDICINE INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1938.
Are donations to RICHMOND ACADEMY OF MEDICINE INC tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does RICHMOND ACADEMY OF MEDICINE INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of RICHMOND ACADEMY OF MEDICINE INC due?
The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
When did RICHMOND ACADEMY OF MEDICINE INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2025.
Who is the principal officer of RICHMOND ACADEMY OF MEDICINE INC?
The 990 for the year ended December 31, 2025 names JAMES G BECKNER.
Who are the officers and directors of RICHMOND ACADEMY OF MEDICINE INC?
The 990 for the year ended December 31, 2025 lists 16 people; 1 received compensation from the organization, the highest $184,180 (JAMES G BECKNER, EX. DIR. - A).
How much revenue does RICHMOND ACADEMY OF MEDICINE INC have?
On its 990 for the year ended December 31, 2025 it reported revenue of $1,229,378, expenses of $1,195,869 and total assets of $7,797,665 at year end.

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