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Nonprofiteer
← AMERICAN COLLEGE OF GASTROENTEROLOGY INC

Form 990 for tax year 2022

Filed by AMERICAN COLLEGE OF GASTROENTEROLOGY INC.

Totals

Total revenue
$39,458,258
Total expenses
$19,863,933
Contributions and grants received
$4,446,489
Grants paid
$1,772,839
Program service revenue
$12,554,246
Investment income
$17,308,348
Other revenue
$5,149,175
Total assets, end of year
$262,841,432
Total liabilities, end of year
$7,918,246
Net assets or fund balances, end of year
$254,923,186
Program services expenses (Part IX)
$16,502,163
Management and general expenses
$3,361,770
Fundraising expenses
$0
Program service expenses (Part III)
$16,502,163

Program services were 83.1% 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.

  • 1b · Membership dues

    $2,890,356

  • 1f · All other contributions, gifts and grants

    $1,556,133

  • 2a · Program service revenue: MEETINGS & CONFERENCE

    total $11,693,126 · related or exempt $11,693,126

  • 2b · Program service revenue: PUBLICATIONS

    total $861,120 · related or exempt $656,107 · unrelated business $205,013

  • 3 · Investment income

    total $5,906,400 · excluded $5,906,400

  • 5 · Royalties

    total $4,467,494 · related or exempt $4,467,494

  • 6a · Gross rents

    real property $657,061

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $657,061

  • 6d · Net rental income or loss

    total $657,061 · related or exempt $279,782 · unrelated business $377,279

  • 7a · Gross sales of assets other than inventory

    securities $84,571,580

  • 7b · Less cost or other basis and sales expenses

    securities $73,169,632

  • 7c · Gain or loss

    securities $11,401,948

  • 7d · Net gain or loss

    total $11,401,948 · related or exempt $11,401,948

  • 11a · Other revenue: OTHER

    total $24,620 · related or exempt $24,620

  • 11e · Other revenue, total

    $24,620

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,574,585 · program services $1,574,585

  • 3 · Grants to foreign organizations and individuals

    total $198,254 · program services $198,254

  • 5 · Compensation of officers, directors and key employees

    total $1,624,849 · program services $1,538,982 · management and general $85,867

  • 7 · Other salaries and wages

    total $2,839,818 · program services $2,689,746 · management and general $150,072

  • 8 · Pension plan contributions

    total $238,624 · program services $226,014 · management and general $12,610

  • 9 · Other employee benefits

    total $635,613 · program services $602,024 · management and general $33,589

  • 10 · Payroll taxes

    total $293,895 · program services $278,555 · management and general $15,340

  • 11b · Fees: legal

    total $181,266 · program services $146,698 · management and general $34,568

  • 11c · Fees: accounting

    total $52,593 · program services $42,563 · management and general $10,030

  • 11f · Fees: investment management

    total $1,066,466 · program services $454,374 · management and general $612,092

  • 11g · Fees: other

    total $465,111 · program services $376,413 · management and general $88,698

  • 12 · Advertising and promotion

    total $71,767 · program services $31,609 · management and general $40,158

  • 13 · Office expenses

    total $1,822,349 · program services $844,250 · management and general $978,099

  • 16 · Occupancy

    total $474,014 · program services $447,015 · management and general $26,999

  • 17 · Travel

    total $757,156 · program services $736,288 · management and general $20,868

  • 19 · Conferences, conventions and meetings

    total $3,490,335 · program services $3,476,704 · management and general $13,631

  • 22 · Depreciation, depletion and amortization

    total $371 · management and general $371

  • 23 · Insurance

    total $164,435 · management and general $164,435

  • 24a · Other expenses: INCOME TAXES

    total $110,671 · management and general $110,671

  • 24b · Other expenses: AUDIO/VISUAL

    total $893,285 · program services $890,477 · management and general $2,808

  • 24c · Other expenses: BAD DEBT

    total $704,105 · management and general $704,105

  • 24d · Other expenses: DUES AND SUBSCRIPTIONS

    total $573,499 · program services $551,323 · management and general $22,176

  • 24e · All other expenses

    total $1,630,872 · program services $1,396,289 · management and general $234,583

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $25,170,974 · end of year $12,263,845

  • 3 · Pledges and grants receivable

    beginning of year $28,029 · end of year $0

  • 4 · Accounts receivable

    beginning of year $1,406,751 · end of year $2,555,376

  • 9 · Prepaid expenses and deferred charges

    beginning of year $273,358 · end of year $364,909

  • 10a · Land, buildings and equipment: cost or other basis

    $2,723,484

  • 10b · Land, buildings and equipment: accumulated depreciation

    $557,365

  • 10c · Land, buildings and equipment, net

    beginning of year $369 · end of year $2,166,119

  • 11 · Investments: publicly traded securities

    beginning of year $258,925,445 · end of year $234,158,065

  • 12 · Investments: other securities

    beginning of year $8,214,472 · end of year $8,489,903

  • 15 · Other assets

    beginning of year $120,187 · end of year $2,843,215

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,473,719 · end of year $1,844,432

  • 19 · Deferred revenue

    beginning of year $6,517,897 · end of year $2,269,904

  • 25 · Other liabilities

    beginning of year $120,186 · end of year $3,803,910

  • 27 · Net assets without donor restrictions

    beginning of year $269,345,221 · end of year $238,640,624

  • 28 · Net assets with donor restrictions

    beginning of year $16,682,562 · end of year $16,282,562

Mission and programs · 2022

Mission

TO ADVANCE THE MEDICAL TREATMENT AND SCIENTIFIC STUDY OF GASTROINTESTINAL DISORDERS. THE COLLEGE WILL STRIVE TO SERVE THE EVOLVING NEEDS OF PHYSICIANS IN THE DELIVERY OF HIGH QUALITY SCIENTIFIC, HUMANISTIC, CLINICAL, ETHICAL, AND COST EFFECTIVE HEALTH CARE TO GASTROENEROLOGY PATIENTS.

Activities or mission (Part I)

TO ADVANCE THE PRACTICE, STUDY AND SCIENCE OF GASTROENTEROLOGY

  • JOURNAL AND PUBLICATIONS-PROVIDES INFORMATION ON RECENT DEVELOPMENTS IN GASTROENTEROLOGICAL RESEARCH, THE CHANGING HEALTH CARE SYSTEMS AND SPECIAL PROBLEMS FACED BY THE INDUSTRY TODAY.

    Expenses $2,243,013 · Revenue $861,120

  • ANNUAL AND REGIONAL CONFERENCES, SEMINARS, MEETINGS AND COMMITTEES - PROVIDES EDUCATIONAL INFORMATION ON KEY INTERESTS TO THE GASTROENTEROLOGICAL INDUSTRY INCLUDING GOVERNMENT REGULATIONS & RESEARCH DEVELOPMENTS.

    Expenses $11,255,460 · Revenue $11,693,126

  • ACG RESEARCH INSTITUTE-COORDINATE THE PLANNING & DEVELOPMENT OF COMPREHENSIVE EDUCATIONAL AWARENESS & RESEARCH INITIATIVES TO ADVANCE THE UNDERSTANDING, DIAGNOSIS AND OPTIMAL MANAGEMENT OF GERD AND OTHER GASTROINTESTINAL DISORDERS.

    Expenses $3,003,690 · Grants $1,772,839 · Revenue $823,466

  • Revenue $15,145,365

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Costas Kefalas

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • David A Greenwald

    BOARD MEMBER

    Total calculated
    $40,596
    From this org
    $40,596
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Immanuel K H Ho

    BOARD MEMBER

    Total calculated
    $750
    From this org
    $750
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Patrick E Young

    BOARD MEMBER

    Total calculated
    $750
    From this org
    $750
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Amy S Oxentenko

    VICE PRESIDENT

    Total calculated
    $1,750
    From this org
    $1,750
    From related orgs
    $0
    Other
    $0
    Hours/week
    10

  • Dr Irving M Pike

    ADMINISTRATIVE TRUSTEE

    Total calculated
    $4,500
    From this org
    $4,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • David Hass

    BOARD MEMBER THROUGH OCTOBER 2022

    Total calculated
    $0
    Hours/week
    1

  • William D Chey

    TREASURER

    Total calculated
    $9,500
    From this org
    $9,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Daniel J Pambianco

    PRESIDENT

    Total calculated
    $5,000
    From this org
    $5,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    15

  • Nicholas J Shaheen

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Jean-Paul Achkar

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Samir A Shah

    IMMEDIATE PAST PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Jonathan A Leighton

    PRESIDENT- ELECT

    Total calculated
    $0
    Hours/week
    15

  • Aasma Shaukat

    BOARD MEMBER

    Total calculated
    $10,375
    From this org
    $10,375
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Renee L Williams

    BOARD MEMBER

    Total calculated
    $2,700
    From this org
    $2,700
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Sita Chokhavatia

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Neil H Stollman

    BOARD MEMBER

    Total calculated
    $3,500
    From this org
    $3,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • James C Hobley

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Millie D Long

    BOARD MEMBER

    Total calculated
    $44,000
    From this org
    $44,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Seth A Gross

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Jasmohan S Bajaj

    BOARD MEMBER

    Total calculated
    $41,000
    From this org
    $41,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Dr Neena S Abraham

    BOARD MEMBER & INSTITUTE D

    Total calculated
    $0
    Hours/week
    10

  • Dayna S Early

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Bradley Stillman

    EXECUTIVE DIRECTOR

    Total calculated
    $1,142,838
    From this org
    $991,568
    From related orgs
    $0
    Other
    $151,270
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $860,367
    Bonus
    $131,201
    Other
    $0
    Deferred
    $75,500
    Nontaxable benefits
    $75,770
    Filer's total
    $1,142,838

  • Jeremy Zissman

    V.P. FINANCE

    Total calculated
    $317,589
    From this org
    $258,200
    From related orgs
    $0
    Other
    $59,389
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $245,700
    Bonus
    $12,500
    Other
    $0
    Deferred
    $14,742
    Nontaxable benefits
    $44,647
    Filer's total
    $317,589

  • Bradford Conway

    V.P.

    Total calculated
    $352,058
    From this org
    $301,511
    From related orgs
    $0
    Other
    $50,547
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $279,011
    Bonus
    $22,500
    Other
    $0
    Deferred
    $16,740
    Nontaxable benefits
    $33,807
    Filer's total
    $352,058

  • Meridith Phillips

    V.P.

    Total calculated
    $259,874
    From this org
    $245,000
    From related orgs
    $0
    Other
    $14,874
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $225,000
    Bonus
    $20,000
    Other
    $0
    Deferred
    $13,500
    Nontaxable benefits
    $1,374
    Filer's total
    $259,874

  • Maria T Susano

    DEPUTY EXEC. DIRECTOR

    Total calculated
    $353,886
    From this org
    $320,976
    From related orgs
    $0
    Other
    $32,910
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $295,976
    Bonus
    $25,000
    Other
    $0
    Deferred
    $17,758
    Nontaxable benefits
    $15,152
    Filer's total
    $353,886

  • Anne-Louise Oliphant

    V.P.

    Total calculated
    $268,859
    From this org
    $215,959
    From related orgs
    $0
    Other
    $52,900
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $205,959
    Bonus
    $10,000
    Other
    $0
    Deferred
    $12,357
    Nontaxable benefits
    $40,543
    Filer's total
    $268,859

  • Elaine McCubbin

    V.P.

    Total calculated
    $215,045
    From this org
    $192,500
    From related orgs
    $0
    Other
    $22,545
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $175,000
    Bonus
    $17,500
    Other
    $0
    Deferred
    $10,500
    Nontaxable benefits
    $12,045
    Filer's total
    $215,045

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • GI ONDEMAND LLC

    RELATED · TELEMEDICINE · DE · 50% owned

  • WOODGLEN MASTER OWNER LLC

    UNRELATED · REAL ESTATE · MD · 92% owned · share of income $245,466 · share of assets $16,628,790

  • WOODGLEN MASTER OWNER II LLC

    UNRELATED · REAL ESTATE · MD · 92% owned · share of income $6,536 · share of assets $1,875,540

Provenance

Return type
form_990
Tax year
2022
Filed
8 November 2023
IRS schema version
2022v5.0
Source object
202303169349300140

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