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Nonprofiteer
← AMERICAN ASSOCIATION FOR THE STUDY OF LIVER DISEASES FOUNDATION

Form 990 for tax year 2023

Filed by AMERICAN ASSOCIATION FOR THE STUDY OF LIVER DISEASES FOUNDATION.

Totals

Total revenue
$24,327,865
Total expenses
$4,082,172
Contributions and grants received
$23,857,018
Grants paid
$2,414,500
Program service revenue
$0
Investment income
$470,847
Other revenue
$0
Total assets, end of year
$39,519,282
Total liabilities, end of year
$3,646,110
Net assets or fund balances, end of year
$35,873,172
Program services expenses (Part IX)
$3,354,334
Management and general expenses
$404,706
Fundraising expenses
$323,132
Program service expenses (Part III)
$3,354,334

Program services were 82.2% 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

    $1,197,000

  • 1f · All other contributions, gifts and grants

    $22,660,018

  • 3 · Investment income

    total $370,734 · excluded $370,734

  • 7a · Gross sales of assets other than inventory

    securities $2,242,314

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

    securities $2,142,201

  • 7c · Gain or loss

    securities $100,113

  • 7d · Net gain or loss

    total $100,113 · excluded $100,113

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,414,500 · program services $2,414,500

  • 5 · Compensation of officers, directors and key employees

    total $246,370 · program services $147,891 · management and general $97,045 · fundraising $1,434

  • 7 · Other salaries and wages

    total $193,210 · program services $85,886 · management and general $26,548 · fundraising $80,776

  • 8 · Pension plan contributions

    total $58,505 · program services $29,855 · management and general $12,372 · fundraising $16,278

  • 9 · Other employee benefits

    total $183,039 · program services $97,891 · management and general $44,227 · fundraising $40,921

  • 10 · Payroll taxes

    total $117,551 · program services $63,798 · management and general $29,151 · fundraising $24,602

  • 11b · Fees: legal

    total $8,944 · program services $1,852 · management and general $2,845 · fundraising $4,247

  • 11c · Fees: accounting

    total $40,220 · management and general $40,220

  • 11f · Fees: investment management

    total $47,534 · management and general $47,534

  • 11g · Fees: other

    total $162,632 · program services $41,998 · management and general $24,308 · fundraising $96,326

  • 12 · Advertising and promotion

    total $48,172 · program services $39,542 · management and general $2,250 · fundraising $6,380

  • 13 · Office expenses

    total $32,435 · program services $16,052 · management and general $12,969 · fundraising $3,414

  • 14 · Information technology

    total $81,207 · program services $45,133 · management and general $12,532 · fundraising $23,542

  • 16 · Occupancy

    total $92,987 · program services $50,486 · management and general $22,739 · fundraising $19,762

  • 17 · Travel

    total $148,719 · program services $141,670 · management and general $7,049

  • 19 · Conferences, conventions and meetings

    total $152,399 · program services $128,784 · management and general $19,950 · fundraising $3,665

  • 22 · Depreciation, depletion and amortization

    total $6,087 · program services $3,305 · management and general $1,489 · fundraising $1,293

  • 24a · Other expenses: MEMBERSHIP DUES

    total $46,076 · program services $45,495 · management and general $171 · fundraising $410

  • 24b · Other expenses: STAFF DEVELOPMENT

    total $1,219 · management and general $1,219

  • 24c · Other expenses: REPAIRS & MAINTENANCE

    total $366 · program services $196 · management and general $88 · fundraising $82

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $876,091 · end of year $575,965

  • 2 · Savings and temporary cash investments

    beginning of year $74,282 · end of year $735,598

  • 3 · Pledges and grants receivable

    beginning of year $1,182,237 · end of year $22,299,424

  • 4 · Accounts receivable

    beginning of year $0 · end of year $110,000

  • 9 · Prepaid expenses and deferred charges

    beginning of year $27,113 · end of year $14,400

  • 11 · Investments: publicly traded securities

    beginning of year $14,787,544 · end of year $15,598,905

  • 15 · Other assets

    beginning of year $111,145 · end of year $184,990

  • 17 · Accounts payable and accrued expenses

    beginning of year $298,495 · end of year $68,064

  • 18 · Grants payable

    beginning of year $2,638,076 · end of year $3,528,046

  • 19 · Deferred revenue

    beginning of year $0 · end of year $50,000

  • 27 · Net assets without donor restrictions

    beginning of year $10,404,494 · end of year $11,292,263

  • 28 · Net assets with donor restrictions

    beginning of year $3,717,347 · end of year $24,580,909

Mission and programs · 2023

Mission

TO INVEST IN INNOVATIVE HEPATOLOGY RESEARCH AND IN THE PEOPLE WHO STUDY AND TREAT LIVER DISEASE.

Activities or mission (Part I)

SEE PART III, LINE 1

  • GRANTS AND AWARDS: THE FOUNDATION MAKES (1) GRANTS TO INSTITUTIONS TO SUPPORT LIVER DISEASE RESEARCH; (2) CLINICAL TRAINING AWARDS FOR ADVANCED TRAINING FOR HEPATOLOGY FELLOWS, NURSE PRACTITIONERS, AND PHYSICIAN ASSISTANTS; AND (3) ABSTRACT AWARDS TO ENABLE YOUNG INVESTIGATORS TO ATTEND AND PRESENT THE RESULTS OF PROMISING RESEARCH AT PREMIERE HEPATOLOGY SCIENTIFIC MEETINGS.

    Expenses $2,854,184 · Grants $2,414,500

  • LIVER LEADERS COUNCIL: THE LIVER LEADERS COUNCIL (LLC) IS A CORPORATE PARTNERSHIP PROGRAM LAUNCHED BY THE AASLD FOUNDATION IN 2023 WHICH WILL ENGAGE INDUSTRY PARTNERS ANNUALLY THROUGH A PORTFOLIO OF BENEFITS, SERVICES, AND STRATEGIC STAKEHOLDER CONVERSATIONS OFFERED BY BOTH AASLD AND THE AASLD FOUNDATION.IN ADDITION TO A PORTFOLIO OF DISCOUNTS, EVENT PARTICIPATION OPPORTUNITIES AND BRANDING, THE LIVER LEADERS COUNCIL WILL MEET TWICE PER YEAR (SPRING- IN CONJUNCTION WITH DIGESTIVE DISEASES WEEK AND FALL- AT THE LIVER MEETING) FOR AN EXCLUSIVE LIVER LEADERS COUNCIL SUMMIT. THESE MEETINGS WILL BE FOCUSED ON EMERGING ISSUES ACROSS THE SPECTRUM OF LIVER DISEASE, BRINGING TOGETHER INDUSTRY, MEMBER-LEADER EXPERTS, REGULATORS, AND PATIENTS/PATIENT ADVOCACY GROUPS TO ENGAGE IN STRATEGIC CONVERSATIONS AROUND SHARED OPPORTUNITIES AND CHALLENGES.

    Expenses $234,687

  • EMERGING LIVER SCHOLARS: THE EMERGING LIVER SCHOLARS (ELS) PROGRAM PROMOTES THE STUDY OF HEPATOLOGY AMONG MEDICAL, SURGICAL AND PEDIATRIC RESIDENTS WHO HAVE THE POTENTIAL FOR A CAREER IN ACADEMIC MEDICINE AND WHO HAVEN'T YET DETERMINED THEIR LONGTERM CAREER GOALS. THE ELS PROGRAM IS SUPPORTED BY AASLD AND AASLD FOUNDATION AS PART OF ITS CONTINUING MISSION TO INSPIRE AND INVEST IN THE NEXT GENERATION OF HEPATOLOGISTS.

    Expenses $133,165

  • PUBLIC AWARENESS: THE FOUNDATION WORKS TO INCREASE PUBLIC AWARENESS OF LIVER DISEASE BY MAINTAINING INFORMATION ON ITS WEBSITE AASLDFOUNDATION.ORG, AND BY EXHIBITING AND DISTRIBUTING INFORMATION AT MEETINGS AND CONVENTIONS FOCUSED ON LIVER DISEASE.

    Expenses $132,298

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

Listed in Part VII

  • W Ray Kim

    VICE-CHAIR (UNTIL 12/2023)

    Total calculated
    $25,000
    From this org
    $0
    From related orgs
    $25,000
    Other
    $0
    Hours/week
    5 + 5 related

  • Bruce Luxon

    CHAIR (UNTIL 12/2023)

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

  • Tamar H Taddei

    TREASURER

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

  • Kimberly Ann Brown

    TRUSTEE (UNTIL 01/2024), CHAIR

    Total calculated
    $0
    Hours/week
    5

  • Grace L Su

    TRUSTEE (UNTIL 01/2024), VICE-CHAIR

    Total calculated
    $0
    Hours/week
    5 + 5 related

  • David E Bernstein

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • Guadalupe Garcia-Taso

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • Saul J Karpen

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5 + 5 related

  • Michael Lucey

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5 + 5 related

  • Matthew D'Uva

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $700,931
    From this org
    $0
    From related orgs
    $611,896
    Other
    $89,035
    Hours/week
    7 + 38 related

    Schedule J breakdown matched by us

    Base
    $0 + $510,896 related
    Bonus
    $0 + $101,000 related
    Other
    $0
    Deferred
    $0 + $54,035 related
    Nontaxable benefits
    $0 + $35,000 related
    Filer's total
    $0 + $700,931 related

  • Julie Deal

    EXECUTIVE DIRECTOR

    Total calculated
    $338,316
    From this org
    $0
    From related orgs
    $289,397
    Other
    $48,919
    Hours/week
    15 + 30 related

    Schedule J breakdown matched by us

    Base
    $0 + $276,028 related
    Bonus
    $0 + $13,369 related
    Other
    $0
    Deferred
    $0 + $28,919 related
    Nontaxable benefits
    $0 + $20,000 related
    Filer's total
    $0 + $338,316 related

  • Mukarab Islam

    VP, FINANCE AND ADMINISTRATION

    Total calculated
    $222,963
    From this org
    $0
    From related orgs
    $189,428
    Other
    $33,535
    Hours/week
    0.4 + 37.6 related

    Schedule J breakdown matched by us

    Base
    $0 + $179,935 related
    Bonus
    $0 + $9,493 related
    Other
    $0
    Deferred
    $0 + $20,535 related
    Nontaxable benefits
    $0 + $13,000 related
    Filer's total
    $0 + $222,963 related

  • Marjorie Bynum

    CHIEF OF STAFF

    Total calculated
    $278,768
    From this org
    $0
    From related orgs
    $244,201
    Other
    $34,567
    Hours/week
    2.5 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $232,844 related
    Bonus
    $0 + $11,357 related
    Other
    $0
    Deferred
    $0 + $24,567 related
    Nontaxable benefits
    $0 + $10,000 related
    Filer's total
    $0 + $278,768 related

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

None.

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)

PART I, LINE 3
AASLD FOUNDATION RELIES ON A RELATED ORGANIZATION, AASLD, TO DETERMINE COMPENSATION. AASLD USES THE FOLLOWING TO ESTABLISH COMPENSATION: - INDEPENDENT COMPENSATION CONSULTANT - FORM 990 OF OTHER ORGANIZATIONS - COMPENSATION SURVEY AND STUDY - APPROVAL BY THE GOVERNING BOARD OR COMPENSATION COMMITTEE

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.

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.

Provenance

Return type
form_990
Tax year
2023
Filed
6 November 2024
IRS schema version
2023v5.1
Source object
202413119349300916

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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