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Nonprofiteer
← AMERICAN COLLEGE OF GASTROENTEROLOGY INC

Form 990 for tax year 2023

Filed by AMERICAN COLLEGE OF GASTROENTEROLOGY INC.

Totals

Total revenue
$27,280,289
Total expenses
$21,058,297
Contributions and grants received
$12,032,195
Grants paid
$1,600,288
Program service revenue
$4,530,318
Investment income
$5,242,122
Other revenue
$5,475,654
Total assets, end of year
$289,829,087
Total liabilities, end of year
$7,891,543
Net assets or fund balances, end of year
$281,937,544
Program services expenses (Part IX)
$17,245,024
Management and general expenses
$3,813,273
Fundraising expenses
$0
Program service expenses (Part III)
$17,245,024

Program services were 81.9% 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

    $2,994,472

  • 1f · All other contributions, gifts and grants

    $9,037,723

  • 2a · Program service revenue: MEETINGS & CONFERENCE

    total $3,806,566 · related or exempt $3,806,566

  • 2b · Program service revenue: PUBLICATIONS

    total $723,752 · related or exempt $469,865 · unrelated business $253,887

  • 3 · Investment income

    total $5,834,676 · excluded $5,834,676

  • 5 · Royalties

    total $4,485,813 · related or exempt $4,485,813

  • 6a · Gross rents

    real property $770,341

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $770,341

  • 6d · Net rental income or loss

    total $770,341 · related or exempt $288,525 · unrelated business $481,816

  • 7a · Gross sales of assets other than inventory

    securities $45,622,024

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

    securities $46,214,578

  • 7c · Gain or loss

    securities -$592,554

  • 7d · Net gain or loss

    total -$592,554 · related or exempt -$592,554

  • 11a · Other revenue: OTHER

    total $219,500 · related or exempt $215,617 · unrelated business $3,883

  • 11e · Other revenue, total

    $219,500

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,575,288 · program services $1,575,288

  • 2 · Grants to domestic individuals

    total $10,000 · program services $10,000

  • 3 · Grants to foreign organizations and individuals

    total $15,000 · program services $15,000

  • 5 · Compensation of officers, directors and key employees

    total $1,998,717 · program services $1,816,787 · management and general $181,930

  • 7 · Other salaries and wages

    total $3,083,088 · program services $2,802,455 · management and general $280,633

  • 8 · Pension plan contributions

    total $271,309 · program services $246,614 · management and general $24,695

  • 9 · Other employee benefits

    total $403,206 · program services $366,505 · management and general $36,701

  • 10 · Payroll taxes

    total $338,908 · program services $304,833 · management and general $34,075

  • 11b · Fees: legal

    total $210,286 · program services $163,270 · management and general $47,016

  • 11c · Fees: accounting

    total $48,330 · program services $37,524 · management and general $10,806

  • 11f · Fees: investment management

    total $1,073,567 · program services $413,213 · management and general $660,354

  • 11g · Fees: other

    total $610,189 · program services $473,763 · management and general $136,426

  • 12 · Advertising and promotion

    total $69,567 · program services $58,821 · management and general $10,746

  • 13 · Office expenses

    total $440,771 · program services $352,572 · management and general $88,199

  • 14 · Information technology

    total $1,501,058 · program services $790,825 · management and general $710,233

  • 16 · Occupancy

    total $340,285 · program services $309,998 · management and general $30,287

  • 17 · Travel

    total $1,063,757 · program services $1,050,862 · management and general $12,895

  • 19 · Conferences, conventions and meetings

    total $5,098,739 · program services $5,091,729 · management and general $7,010

  • 22 · Depreciation, depletion and amortization

    total $275,507 · management and general $275,507

  • 23 · Insurance

    total $177,114 · program services $17,911 · management and general $159,203

  • 24a · Other expenses: INCOME TAXES

    total $141,853 · management and general $141,853

  • 24b · Other expenses: BAD DEBT

    total $805,343 · program services $5,343 · management and general $800,000

  • 24c · Other expenses: DUES AND SUBSCRIPTIONS

    total $635,984 · program services $606,041 · management and general $29,943

  • 24d · Other expenses: PRINTING

    total $478,710 · program services $468,545 · management and general $10,165

  • 24e · All other expenses

    total $391,721 · program services $267,125 · management and general $124,596

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $12,263,845 · end of year $8,278,478

  • 4 · Accounts receivable

    beginning of year $2,555,376 · end of year $876,092

  • 9 · Prepaid expenses and deferred charges

    beginning of year $364,909 · end of year $428,680

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

    $2,523,079

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

    $275,507

  • 10c · Land, buildings and equipment, net

    beginning of year $2,166,119 · end of year $2,247,572

  • 11 · Investments: publicly traded securities

    beginning of year $234,158,065 · end of year $267,400,890

  • 12 · Investments: other securities

    beginning of year $8,489,903 · end of year $7,899,600

  • 15 · Other assets

    beginning of year $2,843,215 · end of year $2,697,775

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,844,432 · end of year $1,367,996

  • 19 · Deferred revenue

    beginning of year $2,269,904 · end of year $2,883,668

  • 25 · Other liabilities

    beginning of year $3,803,910 · end of year $3,639,879

  • 27 · Net assets without donor restrictions

    beginning of year $238,640,624 · end of year $268,286,678

  • 28 · Net assets with donor restrictions

    beginning of year $16,282,562 · end of year $13,650,866

Mission and programs · 2023

Mission

OUR MISSION IS TO ENHANCE THE ABILITY OF OUR MEMBERS TO PROVIDE WORLD CLASS CARE TO PATIENTS WITH DIGESTIVE DISORDERS AND ADVANCE THE PROFESSION THROUGH EXCELLENCE AND INNOVATION BASED UPON THE PILLARS OF PATIENT CARE, EDUCATION, SCIENTIFIC INVESTIGATION, ADVOCACY AND PRACTICE MANAGEMENT.

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 $2,101,814 · Revenue $469,865

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

    Expenses $12,098,300 · Revenue $3,806,566

  • 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 $3,044,910 · Grants $1,600,288

  • Revenue $4,397,401

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Costas Kefalas

    TREASURER

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

  • Brooks Cash

    BOARD MEMBER

    Total calculated
    $10,625
    From this org
    $10,625
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Jill Gaidos

    BOARD MEMBER

    Total calculated
    $2,000
    From this org
    $2,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Patrick E Young

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Amy S Oxentenko

    PRESIDENT -ELECT

    Total calculated
    $0
    Hours/week
    15

  • 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

    Total calculated
    $2,250
    From this org
    $2,250
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • William D Chey

    VICE PRESIDENT

    Total calculated
    $6,750
    From this org
    $6,750
    From related orgs
    $0
    Other
    $0
    Hours/week
    10

  • Daniel J Pambianco

    IMMEDIATE PAST PRESIDENT

    Total calculated
    $22,862
    From this org
    $22,862
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Nicholas J Shaheen

    SECRETARY

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

  • Jean-Paul Achkar

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Samir A Shah

    PAST PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Jonathan A Leighton

    PRESIDENT

    Total calculated
    $5,500
    From this org
    $5,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    15

  • Aasma Shaukat

    BOARD MEMBER

    Total calculated
    $11,250
    From this org
    $11,250
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Renee L Williams

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Sita Chokhavatia

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Neil H Stollman

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • James C Hobley

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Millie D Long

    BOARD MEMBER

    Total calculated
    $50,500
    From this org
    $50,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    10

  • Seth A Gross

    BOARD MEMBER

    Total calculated
    $3,100
    From this org
    $3,100
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Jasmohan S Bajaj

    BOARD MEMBER

    Total calculated
    $64,000
    From this org
    $64,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    10

  • Neena S Abraham

    BOARD MEMBER & INSTITUTE DIRECTOR

    Total calculated
    $0
    Hours/week
    10

  • Dayna S Early

    BOARD MEMBER

    Total calculated
    $1,250
    From this org
    $1,250
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Bradley Stillman

    EXECUTIVE DIRECTOR

    Total calculated
    $1,215,269
    From this org
    $1,065,701
    From related orgs
    $0
    Other
    $149,568
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $924,529
    Bonus
    $141,172
    Other
    $0
    Deferred
    $74,800
    Nontaxable benefits
    $74,768
    Filer's total
    $1,215,269

  • Jeremy Zissman

    V.P. FINANCE THROUGH 10/31/2023

    Total calculated
    $289,872
    From this org
    $239,222
    From related orgs
    $0
    Other
    $50,650
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $239,222
    Bonus
    $0
    Other
    $0
    Deferred
    $13,192
    Nontaxable benefits
    $37,458
    Filer's total
    $289,872

  • Mario Sherhaufer

    V.P. FINANCE FROM 11/01/2023

    Total calculated
    $41,779
    From this org
    $37,500
    From related orgs
    $0
    Other
    $4,279
    Hours/week
    40

  • Laurie Parker

    ED OF GIQUIC

    Total calculated
    $289,571
    From this org
    $238,986
    From related orgs
    $0
    Other
    $50,585
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $229,986
    Bonus
    $9,000
    Other
    $0
    Deferred
    $14,339
    Nontaxable benefits
    $36,246
    Filer's total
    $289,571

  • Bradford Conway

    V.P. PUBLIC POLICY

    Total calculated
    $368,890
    From this org
    $315,461
    From related orgs
    $0
    Other
    $53,429
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $292,961
    Bonus
    $22,500
    Other
    $0
    Deferred
    $18,928
    Nontaxable benefits
    $34,501
    Filer's total
    $368,890

  • Meridith Phillips

    V.P. RESEARCH AND LEARNING

    Total calculated
    $272,172
    From this org
    $256,250
    From related orgs
    $0
    Other
    $15,922
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $236,250
    Bonus
    $20,000
    Other
    $0
    Deferred
    $15,396
    Nontaxable benefits
    $526
    Filer's total
    $272,172

  • Maria T Susano

    DEPUTY EXEC. DIRECTOR

    Total calculated
    $372,726
    From this org
    $338,734
    From related orgs
    $0
    Other
    $33,992
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $313,734
    Bonus
    $25,000
    Other
    $0
    Deferred
    $18,824
    Nontaxable benefits
    $15,168
    Filer's total
    $372,726

  • Anne-Louise Oliphant

    V.P. PR AND COMMUNICATIONS

    Total calculated
    $281,612
    From this org
    $226,257
    From related orgs
    $0
    Other
    $55,355
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $216,257
    Bonus
    $10,000
    Other
    $0
    Deferred
    $13,575
    Nontaxable benefits
    $41,780
    Filer's total
    $281,612

  • Elaine McCubbin

    V.P. MEETINGS AND EXHIBITIONS

    Total calculated
    $225,179
    From this org
    $201,250
    From related orgs
    $0
    Other
    $23,929
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $183,750
    Bonus
    $17,500
    Other
    $0
    Deferred
    $12,075
    Nontaxable benefits
    $11,854
    Filer's total
    $225,179

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 ON-DEMAND LLC

    RELATED · TELEMEDICINE · DE · 60% owned

  • WOODGLEN MASTER OWNER LLC

    UNRELATED · REAL ESTATE · MD · 92% owned · share of income -$977,526 · share of assets $15,272,217

  • WOODGLEN MASTER OWNER II LLC

    UNRELATED · REAL ESTATE · MD · 92% owned · share of income $1,597,552 · share of assets $2,387,538

  • 6400 GOLDSBORO LLC

    UNRELATED · REALESTATE · MD · 51.66% owned · share of income $91,096 · share of assets $5,494,408

Provenance

Return type
form_990
Tax year
2023
Filed
14 November 2024
IRS schema version
2023v5.1
Source object
202413199349307006

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