← PAN-AFRICAN ACADEMY OF CHRISTIAN SURGEONS

Form 990 for tax year 2022

Filed by PAN-AFRICAN ACADEMY OF CHRISTIAN SURGEONS.

Totals

Total revenue: $4,726,326
Total expenses: $3,382,950
Contributions and grants received: $4,434,961
Grants paid: $950,673
Program service revenue: $17,270
Investment income: $263,194
Other revenue: $10,901
Total assets, end of year: $8,797,971
Total liabilities, end of year: $205,542
Net assets or fund balances, end of year: $8,592,429
Program services expenses (Part IX): $2,521,859
Management and general expenses: $481,675
Fundraising expenses: $379,416
Program service expenses (Part III): $2,521,859

Program services were 74.5% 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.

1f · All other contributions, gifts and grants

$4,434,961
1g · Noncash contributions included above

$120,170
2a · Program service revenue: Registration Fees

total $17,270 · related or exempt $17,270
2f · All other program service revenue

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
3 · Investment income

total $116,116 · excluded $116,116
6c · Rental income or loss

real property $0 · personal property $0
7a · Gross sales of assets other than inventory

securities $374,865
7b · Less cost or other basis and sales expenses

securities $227,787
7c · Gain or loss

securities $147,078 · other assets $0
7d · Net gain or loss

total $147,078 · excluded $147,078
11d · All other revenue

total $10,901 · related or exempt $10,901 · unrelated business $0 · excluded $0
11e · Other revenue, total

$10,901

Functional expenses

Part IX, the statement of functional expenses.

3 · Grants to foreign organizations and individuals

total $950,673 · program services $950,673
4 · Benefits paid to or for members

total $0 · program services $0
5 · Compensation of officers, directors and key employees

total $280,158 · program services $56,032 · management and general $140,627 · fundraising $83,499
7 · Other salaries and wages

total $578,760 · program services $296,944 · management and general $106,864 · fundraising $174,952
8 · Pension plan contributions

total $20,125 · program services $11,365 · management and general $3,664 · fundraising $5,096
9 · Other employee benefits

total $71,442 · program services $57,943 · management and general $10,822 · fundraising $2,677
10 · Payroll taxes

total $66,822 · program services $26,617 · management and general $19,060 · fundraising $21,145
11b · Fees: legal

total $170 · management and general $170
11c · Fees: accounting

total $17,096 · management and general $17,096
11f · Fees: investment management

total $26,056 · management and general $26,056
11g · Fees: other

total $556,284 · program services $502,907 · management and general $40,576 · fundraising $12,801
12 · Advertising and promotion

total $1,045 · management and general $525 · fundraising $520
13 · Office expenses

total $122,625 · program services $43,848 · management and general $44,029 · fundraising $34,748
14 · Information technology

total $136,130 · program services $116,144 · management and general $13,932 · fundraising $6,054
17 · Travel

total $347,470 · program services $305,301 · management and general $17,619 · fundraising $24,550
19 · Conferences, conventions and meetings

total $90,305 · program services $45,650 · management and general $31,920 · fundraising $12,735
23 · Insurance

total $8,451 · program services $2,503 · management and general $5,948
24a · Other expenses: Testing and Registration

total $70,129 · program services $70,129
24e · All other expenses

total $39,209 · program services $35,803 · management and general $2,767 · fundraising $639

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $4,307,624 · end of year $3,981,176
3 · Pledges and grants receivable

beginning of year $19,209 · end of year $10,625
5 · Loans and receivables from officers and key people

end of year $0
6 · Loans and receivables from disqualified persons

end of year $0
9 · Prepaid expenses and deferred charges

beginning of year $43,872 · end of year $45,484
10a · Land, buildings and equipment: cost or other basis

$0
10b · Land, buildings and equipment: accumulated depreciation

$0
10c · Land, buildings and equipment, net

end of year $0
11 · Investments: publicly traded securities

beginning of year $2,839,945 · end of year $4,497,798
12 · Investments: other securities

beginning of year $0 · end of year $120,689
13 · Investments: program-related

beginning of year $0
15 · Other assets

beginning of year $138,582 · end of year $142,199
17 · Accounts payable and accrued expenses

beginning of year $214,691 · end of year $205,542
22 · Loans and payables to officers and key people

end of year $0
25 · Other liabilities

beginning of year $0 · end of year $0
27 · Net assets without donor restrictions

beginning of year $4,166,617 · end of year $4,784,001
28 · Net assets with donor restrictions

beginning of year $2,967,924 · end of year $3,808,428

Mission and programs · 2022

Mission

PAACS' mission is to glorify God by training and discipling African surgeons and related specialists to become Christ-like leaders and servants providing excellent and compassionate care to those most in need.

Activities or mission (Part I)

PAACS trains and disciples African Christian doctors as surgeons to care for the poor.

In January 2023, 42 new residents began training, bringing the total number in training to 149. Each PAACS resident is expected to be the surgeon or primary assistant on approximately 300 cases per year. Together, we estimate they surgically impacted over 44,700 people in 2023. Each one is an opportunity to pray and share the gospel. PAACS opened 2 new programs in January 2023: Burundi and Togo. PAACS celebrated 16 new graduates in 2023. The total number of PAACS graduates is 149. We estimate that our PAACS graduates saw 356,00 clinic patients, performed over 101,000 procedures, and over 27,000 people heard the gospel through their ministry.

Expenses $2,521,859 · Grants $950,673 · Revenue $28,171

As filed on the 2022 return.

Listed in Part VII

Douglas Lundy MD

Treasurer

Total calculated

$0

Hours/week

1
Emad Asham MD

Secretary

Total calculated

$0

Hours/week

1
Louis Pisters MD

Vice Chair

Total calculated

$0

Hours/week

1
Samuel Thompson MD

Chair

Total calculated

$0

Hours/week

1
Bruce McFadyen JR MD

Board Member

Total calculated

$0

Hours/week

1
Carter Harsh MD

Board Member

Total calculated

$0

Hours/week

1
Dieudonne Lemfuka MD

Board Member

Total calculated

$0

Hours/week

1
George Bayless III

Board Member

Total calculated

$0

Hours/week

1
Grace Kim MD

Board Member

Total calculated

$0

Hours/week

1
J Kayle Lee MD

Board Member

Total calculated

$0

Hours/week

1
Jacques Ebhele MD

Board Member

Total calculated

$0

Hours/week

1
James Fingleton MD

Board Member

Total calculated

$0

Hours/week

1
Mark Reeves MD

Board Member

Total calculated

$0

Hours/week

1
Michael Langford MD

Board Member

Total calculated

$0

Hours/week

1
Michael Skinner MD

Board Member

Total calculated

$0

Hours/week

1
Nathan Kizinger CLU CFP

Board Member

Total calculated

$0

Hours/week

1
Peter Ekeh MD

Board Member

Total calculated

$0

Hours/week

1
Rebekah Kim MD

Board Member

Total calculated

$0

Hours/week

1
Rebekah Naylor MD

Board Member

Total calculated

$0

Hours/week

1
Stephen Doane MD

Board Member

Total calculated

$0

Hours/week

1
Thomas Robey MD

Board Member

Total calculated

$0

Hours/week

1
Wayne Murray

Board Member

Total calculated

$0

Hours/week

1
William Wilson MD

Board Member

Total calculated

$0

Hours/week

1
Renee Fink CPA

CFO

Total calculated

$0

Hours/week

45
Steven Darst

CFO (part year)

Total calculated

$123,998

From this org

$97,823

From related orgs

$0

Other

$26,175

Hours/week

45
Susan Koshy JD MPH

CEO

Total calculated

$152,093

From this org

$144,910

From related orgs

$0

Other

$7,183

Hours/week

45

Schedule J breakdown matched by us

Base

$144,910

Bonus

$0

Other

$0

Deferred

$6,820

Nontaxable benefits

$363

Filer's total

$152,093
Keir Thelander MD

Executive Vice President

Total calculated

$176,532

From this org

$143,468

From related orgs

$0

Other

$33,064

Hours/week

45

Schedule J breakdown matched by us

Base

$143,468

Bonus

$0

Other

$0

Deferred

$7,114

Nontaxable benefits

$25,950

Filer's total

$176,532

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

1a · Tax indemnification and gross-up payments
1b · Written policy on the line-1a expenses
2 · Substantiation required before reimbursing expenses
3 · Compensation committee
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

The filer's explanations (Part III)

Schedule J, Part I, Line 1a Tax indemnification and gross-up payments: Gross-up payments were paid to Susan Koshy, CEO, in the form of supplemental income to cover the cost of health insurance acquired under her spouse's plan. This was included as taxable income.

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

No itemized grants to organizations on this return.

Provenance

Return type: form_990
Tax year: 2022
Filed: 15 May 2024
IRS schema version: 2022v5.0
Source object: 202421369349308702

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