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← SOCIETY FOR VASCULAR SURGERY FOUNDATION

Form 990 for tax year 2023

Filed by SOCIETY FOR VASCULAR SURGERY FOUNDATION.

Totals

Total revenue
$1,331,144
Total expenses
$904,947
Contributions and grants received
$1,031,105
Grants paid
$474,000
Program service revenue
$0
Investment income
$408,764
Other revenue
-$108,725
Total assets, end of year
$7,800,495
Total liabilities, end of year
$910,994
Net assets or fund balances, end of year
$6,889,501
Program services expenses (Part IX)
$553,075
Management and general expenses
$241,411
Fundraising expenses
$110,461
Program service expenses (Part III)
$553,075

Program services were 61.1% 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.

  • 1c · Fundraising events

    $329,021

  • 1e · Government grants (contributions)

    $35,222

  • 1f · All other contributions, gifts and grants

    $666,862

  • 3 · Investment income

    total $218,719 · excluded $218,719

  • 7a · Gross sales of assets other than inventory

    securities $1,520,717

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

    securities $1,330,672

  • 7c · Gain or loss

    securities $190,045

  • 7d · Net gain or loss

    total $190,045 · excluded $190,045

  • 8a · Fundraising events: gross income

    $264,201

  • 8a · Fundraising events: contributions included on line 1c

    $329,021

  • 8b · Fundraising events: direct expenses

    $372,926

  • 8c · Net income from fundraising events

    total -$108,725 · excluded -$108,725

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $425,000 · program services $425,000

  • 2 · Grants to domestic individuals

    total $49,000 · program services $49,000

  • 7 · Other salaries and wages

    total $178,272 · program services $20,509 · management and general $148,571 · fundraising $9,192

  • 9 · Other employee benefits

    total $48,228 · program services $3,413 · management and general $23,960 · fundraising $20,855

  • 10 · Payroll taxes

    total $21,836 · program services $1,530 · management and general $11,513 · fundraising $8,793

  • 11b · Fees: legal

    total $478 · fundraising $478

  • 11c · Fees: accounting

    total $13,006 · management and general $13,006

  • 11f · Fees: investment management

    total $35,154 · management and general $35,154

  • 11g · Fees: other

    total $12,893 · fundraising $12,893

  • 12 · Advertising and promotion

    total $23,063 · program services $713 · fundraising $22,350

  • 13 · Office expenses

    total $53,300 · program services $38,825 · management and general $5,017 · fundraising $9,458

  • 14 · Information technology

    total $11,934 · program services $2,861 · fundraising $9,073

  • 17 · Travel

    total $9,185 · program services $1,567 · fundraising $7,618

  • 19 · Conferences, conventions and meetings

    total $9,789 · program services $8,157 · fundraising $1,632

  • 23 · Insurance

    total $4,174 · management and general $4,174

  • 24a · Other expenses: HONORARIA

    total $1,500 · program services $1,500

  • 24b · Other expenses: EDUCATION AND TRAINING

    total $150 · fundraising $150

  • 24c · Other expenses: BOOKS, DUES FEES AND SU

    total $11 · fundraising $11

  • 24e · All other expenses

    total $7,974 · management and general $16 · fundraising $7,958

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $611,868 · end of year $147,225

  • 2 · Savings and temporary cash investments

    beginning of year $2,053,054 · end of year $2,162,070

  • 3 · Pledges and grants receivable

    beginning of year $259,899 · end of year $306,400

  • 9 · Prepaid expenses and deferred charges

    beginning of year $28,151 · end of year $21,546

  • 11 · Investments: publicly traded securities

    beginning of year $4,489,791 · end of year $5,163,254

  • 17 · Accounts payable and accrued expenses

    beginning of year $106,703 · end of year $26,590

  • 18 · Grants payable

    beginning of year $673,000 · end of year $630,000

  • 19 · Deferred revenue

    beginning of year $258,530 · end of year $103,925

  • 25 · Other liabilities

    beginning of year $300,095 · end of year $150,479

  • 27 · Net assets without donor restrictions

    beginning of year $1,448,596 · end of year $1,822,445

  • 28 · Net assets with donor restrictions

    beginning of year $4,655,839 · end of year $5,067,056

Mission and programs · 2023

Mission

TO PERFORM AND CARRY OUT SUCH EDUCATIONAL, SCIENTIFIC AND CHARITABLE FUNCTIONS AND PURPOSES OF THE SOCIETY FOR VASCULAR SURGERY (SVS) AS MAY BE DELEGATED TO THE FOUNDATION.

Activities or mission (Part I)

TO SUPPORT THE DEVELOPMENT OF VASCULAR SURGERY RESEARCH BY PROVIDING RESEARCH GRANTS.

  • RESEARCH INITIATIVES - ISSUED VARIOUS GRANT AWARDS FOR BASIC ANDCLINICAL RESEARCH GRANTS TO VASCULAR SCIENTISTS. AWARDS INCLUDED THEK08 AWARD, K28 AWARD, WYLIE SCHOLAR AWARD, STUDENT RESEARCH FELLOWSHIP,VRIC SCHOLARSHIP, GEMSSTAR GRANT, AND WYLIE TRAVELING FELLOWSHIP.

    Expenses $510,020 · Grants $474,000

  • PUBLIC EDUCATION AND OUTREACH - COMMUNITY OUTREACH THROUGH MEMBERS IN COMMUNITY PRACTICE AND PREVENTION AND AWARENESS THROUGH PATIENT EDUCATION.

    Expenses $43,055

As filed on the 2023 return.

Listed in Part VII

  • BERNADETTE AULIVOLA MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 2 related

  • MATTHEW J EAGLETON MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 3 related

  • THOMAS L FORBES MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 2 related

  • MICHAEL C DALSING MD

    CHAIR

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • RAUL J GUZMAN MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • VIKRAM S KASHYAP MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • JOSEPH L MILLS MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 3 related

  • ANIL P HINGORANI MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • ULKA SACHDEV-OST MD FACS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • PETER R NELSON MD MS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • GEETHA JEYABALAN MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • RUPA BROSSEAU

    DEPUTY EXECUTIVE DIRECTOR

    Total calculated
    $173,526
    From this org
    $0
    From related orgs
    $165,600
    Other
    $7,926
    Hours/week
    35 + 5 related

    Schedule J breakdown matched by us

    Base
    $0 + $163,138 related
    Bonus
    $0 + $2,462 related
    Other
    $0
    Deferred
    $0 + $6,017 related
    Nontaxable benefits
    $0 + $1,909 related
    Filer's total
    $0 + $173,526 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

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

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
13 February 2025
IRS schema version
2023v6.0
Source object
202520459349300432

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