Form 990 for tax year 2024
Filed by AMERICAN SURGICAL ASSOCIATION FOUNDATION.
Totals
- Total revenue
- $631,656
- Total expenses
- $563,635
- Contributions and grants received
- $391,806
- Grants paid
- $509,321
- Program service revenue
- $0
- Investment income
- $239,850
- Other revenue
- $0
- Total assets, end of year
- $5,603,936
- Total liabilities, end of year
- $739,286
- Net assets or fund balances, end of year
- $4,864,650
- Program services expenses (Part IX)
- $509,971
- Management and general expenses
- $53,664
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $509,971
Program services were 90.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1d · Related organizations
$250,000
-
1f · All other contributions, gifts and grants
$141,806
-
3 · Investment income
total $142,989 · excluded $142,989
-
7a · Gross sales of assets other than inventory
securities $278,410
-
7b · Less cost or other basis and sales expenses
securities $181,549
-
7c · Gain or loss
securities $96,861
-
7d · Net gain or loss
total $96,861 · excluded $96,861
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $458,791 · program services $458,791
-
3 · Grants to foreign organizations and individuals
total $50,530 · program services $50,530
-
11a · Fees: management
total $12,890 · management and general $12,890
-
11b · Fees: legal
total $396 · management and general $396
-
11c · Fees: accounting
total $11,091 · management and general $11,091
-
11f · Fees: investment management
total $15,340 · management and general $15,340
-
13 · Office expenses
total $3,158 · management and general $3,158
-
23 · Insurance
total $320 · management and general $320
-
24a · Other expenses: ADMINISTRATIVE
total $10,469 · management and general $10,469
-
24b · Other expenses: AAMS/CAS
total $650 · program services $650
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $56,227 · end of year $91,031
-
3 · Pledges and grants receivable
beginning of year $12,325 · end of year $5,410
-
9 · Prepaid expenses and deferred charges
end of year $4,194
-
11 · Investments: publicly traded securities
beginning of year $5,165,866 · end of year $5,500,949
-
15 · Other assets
beginning of year $2,352 · end of year $2,352
-
18 · Grants payable
beginning of year $810,714 · end of year $739,286
-
27 · Net assets without donor restrictions
beginning of year $2,722,424 · end of year $3,012,219
-
28 · Net assets with donor restrictions
beginning of year $1,703,632 · end of year $1,852,431
Mission and programs · 2024
Mission
THE FOUNDATION AIMS TO PROVIDE SURGICAL FELLOWSHIPS TO PROMISING YOUNG SURGEON SCIENTISTS TO AID IN THE DEVELOPMENT OF STATE OF THE ART SCIENCE OF GENERAL AND SUB-SPECIALTY SURGERY.
Activities or mission (Part I)
TO FUND THE RESEARCH OF SURGEONS INTO THE NEWEST SURGICAL PROCEDURES AND TECHNIQUES AND IN THE USE OF SPECIALIZED AND NEWLY DEVELOPED EQUIPMENT. PROVIDES MEANS OF FURTHERING THE PROFESSIONAL TRAINING, DEVELOPING THE TECHNICAL BACKGROUND AND PROMOTING THE EDUCATION OF INDIVIDUALS IN TRAINING THROUGH RESEARCH GRANTS AND AWARDS.
-
FELLOWSHIP AWARDS GRANTS - TO SUPPORT AND ENCOURAGE GIFTED YOUNG SURGEONS WHO CHOOSE CAREERS IN INVESTIGATION AND ACADEMIC SURGERY.
Expenses $458,791 · Grants $458,791
-
FLANCE KARL AWARD - PRESENTED TO A MEMBER-SURGEON IN THE UNITED STATES OF AMERICA OR IN CANADA WHO HAS MADE A SEMINAL CONTRIBUTION IN BASIC LABORATORY RESEARCH WHICH HAS APPLICATION TO CLINICAL SURGERY.
Expenses $50,530 · Grants $50,530
-
COMMITTEES - MEETINGS DURING THE YEAR BY VARIOUS MEMBERS TO MANAGE THE ACTIVITIES OF THE FOUNDATION.
Expenses $650
As filed on the 2024 return.
Listed in Part VII
-
Ronald V Maier MDRONALD V MAIER MD
CHAIR/VICE CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
E Christopher Ellison MDE CHRISTOPHER ELLISON MD
VICE CHAIR/TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Melina R Kibbe MDMELINA R KIBBE MD
SECRETARY
- Total calculated
- $0
- Hours/week
- 2
-
Kelly M McMasters MD PhDKELLY M MCMASTERS MD PHD
TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
Diana L Farmer MDDIANA L FARMER MD
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Steven C Stain MDSTEVEN C STAIN MD
TRUSTEE/EX OFFICIO
- Total calculated
- $0
- Hours/week
- 2
-
Selwyn M Vickers MDSELWYN M VICKERS MD
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Eileen M Bulger MDEILEEN M BULGER MD
TRUSTEE AT LARGE
- Total calculated
- $0
- Hours/week
- 2
-
Herbert Chen MDHERBERT CHEN MD
TRUSTEE-AT-LARGE
- Total calculated
- $0
- Hours/week
- 2
-
Sandra L Wong MDSANDRA L WONG MD
TRUSTEE-AT-LARGE
- Total calculated
- $0
- Hours/week
- 2
-
Ron J Weigel MDRON J WEIGEL MD
EX-OFFICO
- Total calculated
- $0
- Hours/week
- 2
-
Keith D Lillemoe MDKEITH D LILLEMOE MD
CHAIR (4/24)
- Total calculated
- $0
- Hours/week
- 2
-
Andrew M Cameron MDANDREW M CAMERON MD
(T-A-L) (4/24)
- Total calculated
- $0
- Hours/week
- 2
-
Mary T Hawn MDMARY T HAWN MD
SECRETARY (4/24)
- Total calculated
- $0
- Hours/week
- 2
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
No itemized grants to organizations on this return.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
501(C)(6) · TO CONDCUCT A BUSINESS LEAGUE IN THE FIELD OF SURGERY · CA
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 12 November 2025
- IRS schema version
- 2024v5.2
- Source object
- 202543189349304304
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
The source document this was parsed from is served over the API, which is where bulk and document access live.