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Nonprofiteer
← AMERICAN SURGICAL ASSOCIATION FOUNDATION

Form 990 for tax year 2023

Filed by AMERICAN SURGICAL ASSOCIATION FOUNDATION.

Totals

Total revenue
$531,951
Total expenses
$700,624
Contributions and grants received
$356,983
Grants paid
$646,066
Program service revenue
$0
Investment income
$174,968
Other revenue
$0
Total assets, end of year
$5,236,770
Total liabilities, end of year
$810,714
Net assets or fund balances, end of year
$4,426,056
Program services expenses (Part IX)
$646,686
Management and general expenses
$53,938
Fundraising expenses
$0
Program service expenses (Part III)
$646,686

Program services were 92.3% 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

    $250,000

  • 1f · All other contributions, gifts and grants

    $106,983

  • 3 · Investment income

    total $133,091 · excluded $133,091

  • 7a · Gross sales of assets other than inventory

    securities $191,055

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

    securities $149,178

  • 7c · Gain or loss

    securities $41,877

  • 7d · Net gain or loss

    total $41,877 · excluded $41,877

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $595,581 · program services $595,581

  • 3 · Grants to foreign organizations and individuals

    total $50,485 · program services $50,485

  • 11a · Fees: management

    total $10,905 · management and general $10,905

  • 11b · Fees: legal

    total $658 · management and general $658

  • 11c · Fees: accounting

    total $14,495 · management and general $14,495

  • 11f · Fees: investment management

    total $14,250 · management and general $14,250

  • 13 · Office expenses

    total $3,618 · management and general $3,618

  • 23 · Insurance

    total $320 · management and general $320

  • 24a · Other expenses: ADMINISTRATIVE

    total $9,692 · management and general $9,692

  • 24b · Other expenses: AAMC/CAS

    total $620 · program services $620

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $89,989 · end of year $56,227

  • 3 · Pledges and grants receivable

    beginning of year $1,525 · end of year $12,325

  • 11 · Investments: publicly traded securities

    beginning of year $4,603,346 · end of year $5,165,866

  • 15 · Other assets

    beginning of year $2,352 · end of year $2,352

  • 18 · Grants payable

    beginning of year $664,286 · end of year $810,714

  • 27 · Net assets without donor restrictions

    beginning of year $2,517,178 · end of year $2,722,424

  • 28 · Net assets with donor restrictions

    beginning of year $1,515,748 · end of year $1,703,632

Mission and programs · 2023

Mission

THE FOUNDATION AIMS TO PROVIDE SURGICAL FELLOWSHIPS TO PROMISING YOUNG SURGEON SCIENTISTS TO AID IN THE DEVELOPMENT OF STATE OF THE ART SCIENCE OF GENERAL AND SUB-SPECIALTY SURGERY.

Activities or mission (Part I)

TO FUND THE RESEARCH OF SURGEONS INTO THE NEWEST SURGICAL PROCEDURES AND TECHNIQUES AND IN THE USE OF SPECIALIZED AND NEWLY DEVELOPED EQUIPMENT. PROVIDES MEANS OF FURTHERING THE PROFESSIONAL TRAINING, DEVELOPING THE TECHNICAL BACKGROUND AND PROMOTING THE EDUCATION OF INDIVIDUALS IN TRAINING THROUGH RESEARCH GRANTS AND AWARDS.

  • FELLOWSHIP AWARDS GRANTS - TO SUPPORT AND ENCOURAGE GIFTED YOUNG SURGEONS WHO CHOOSE CAREERS IN INVESTIGATION AND ACADEMIC SURGERY.

    Expenses $595,581 · Grants $595,581

  • FLANCE KARL AWARD - PRESENTED TO A MEMBER-SURGEON IN THE UNITED STATES OF AMERICA OR IN CANADA WHO HAS MADE A SEMINAL CONTRIBUTION IN BASIC LABORATORY RESEARCH WHICH HAS APPLICATION TO CLINICAL SURGERY.

    Expenses $50,485 · Grants $50,485

  • COMMITTEES - MEETINGS DURING THE YEAR BY VARIOUS MEMBERS TO MANAGE THE ACTIVITIES OF THE FOUNDATION.

    Expenses $620

As filed on the 2023 return.

Listed in Part VII

  • Keith D Lillemoe MD

    CHAIR/VICE C

    Total calculated
    $0
    Hours/week
    2

  • Ronald V Maier MD

    VICE CHAIR/T

    Total calculated
    $0
    Hours/week
    2

  • Mary T Hawn MD

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Kelly M McMasters MD PhD

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • E Christopher Ellison MD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Diana L Farmer MD

    TRUSTEE/EX O

    Total calculated
    $0
    Hours/week
    2

  • Selwyn M Vickers MD

    TRUSTEE/EX-O

    Total calculated
    $0
    Hours/week
    2

  • Eileen M Bulger MD

    TRUSTEE AT L

    Total calculated
    $0
    Hours/week
    2

  • Andrew M Cameron MD PhD

    TRUSTEE-AT-L

    Total calculated
    $0
    Hours/week
    2

  • Sandra L Wong MD

    TRUSTEE-AT-L

    Total calculated
    $0
    Hours/week
    2

  • Steven C Stain MD

    EX-OFFICO

    Total calculated
    $0
    Hours/week
    2

  • Robin S McLeod MD

    TRUSTEE (4/2

    Total calculated
    $0
    Hours/week
    2

  • Ernest E Moore MD

    (T-A-L) (4/2

    Total calculated
    $0
    Hours/week
    2

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.

Grants on this return

No itemized grants to organizations 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
12 November 2024
IRS schema version
2023v5.0
Source object
202413209349322566

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