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Nonprofiteer
← AMERICAN ACADEMY OF SLEEP MEDICINE

Form 990 for tax year 2023

Filed by AMERICAN ACADEMY OF SLEEP MEDICINE.

Totals

Total revenue
$18,062,643
Total expenses
$18,794,512
Contributions and grants received
$398,931
Grants paid
$566,654
Program service revenue
$14,106,144
Investment income
$3,548,991
Other revenue
$8,577
Total assets, end of year
$100,447,114
Total liabilities, end of year
$10,242,834
Net assets or fund balances, end of year
$90,204,280
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

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.

  • 1e · Government grants (contributions)

    $398,931

  • 2a · Program service revenue: EDUCATIONAL PRODUCTS

    total $4,412,261 · related or exempt $4,412,261

  • 2b · Program service revenue: MEMBER DUES

    total $4,101,079 · related or exempt $4,101,079

  • 2c · Program service revenue: ACCREDITATION FEES

    total $2,474,035 · related or exempt $2,474,035

  • 2d · Program service revenue: CONTRACTED SERVICES

    total $1,452,378 · related or exempt $1,452,378

  • 2e · Program service revenue: COURSE FEES

    total $803,766 · related or exempt $803,766

  • 2f · All other program service revenue

    total $862,625 · related or exempt $61,968 · unrelated business $370,657 · excluded $430,000

  • 3 · Investment income

    total $3,373,079 · related or exempt $915,468 · excluded $2,457,611

  • 7a · Gross sales of assets other than inventory

    securities $18,023,459

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

    securities $17,845,651 · other assets $1,896

  • 7c · Gain or loss

    securities $177,808 · other assets -$1,896

  • 7d · Net gain or loss

    total $175,912 · excluded $175,912

  • 11a · Other revenue: MAILING LIST RENTAL

    total $4,253 · unrelated business $4,253

  • 11d · All other revenue

    total $4,324 · excluded $4,324

  • 11e · Other revenue, total

    $8,577

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $565,854

  • 2 · Grants to domestic individuals

    total $800

  • 5 · Compensation of officers, directors and key employees

    total $1,398,983

  • 7 · Other salaries and wages

    total $6,660,189

  • 8 · Pension plan contributions

    total $618,841

  • 9 · Other employee benefits

    total $841,237

  • 10 · Payroll taxes

    total $560,683

  • 11b · Fees: legal

    total $40,650

  • 11c · Fees: accounting

    total $63,230

  • 11f · Fees: investment management

    total $63,221

  • 11g · Fees: other

    total $702,428

  • 12 · Advertising and promotion

    total $814,683

  • 13 · Office expenses

    total $648,994

  • 14 · Information technology

    total $516,580

  • 16 · Occupancy

    total $109,162

  • 17 · Travel

    total $322,950

  • 19 · Conferences, conventions and meetings

    total $625,826

  • 21 · Payments to affiliates

    total $2,096,184

  • 22 · Depreciation, depletion and amortization

    total $314,547

  • 23 · Insurance

    total $40,190

  • 24a · Other expenses: SITE VISITS

    total $510,344

  • 24b · Other expenses: BOARD EXPENSES

    total $327,106

  • 24c · Other expenses: PRODUCT DEVELOPMENT

    total $216,137

  • 24d · Other expenses: ICON EXPENSES

    total $186,924

  • 24e · All other expenses

    total $548,769

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $939,637 · end of year $847,246

  • 2 · Savings and temporary cash investments

    beginning of year $893,579 · end of year $2,000,589

  • 4 · Accounts receivable

    beginning of year $2,281,584 · end of year $786,347

  • 8 · Inventories for sale or use

    beginning of year $91,753 · end of year $105,587

  • 9 · Prepaid expenses and deferred charges

    beginning of year $350,536 · end of year $419,508

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

    $7,920,586

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

    $3,091,747

  • 10c · Land, buildings and equipment, net

    beginning of year $5,133,968 · end of year $4,828,839

  • 11 · Investments: publicly traded securities

    beginning of year $80,098,459 · end of year $91,278,050

  • 12 · Investments: other securities

    beginning of year $106,053 · end of year $117,873

  • 15 · Other assets

    beginning of year $115,524 · end of year $63,075

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,575,344 · end of year $1,922,915

  • 19 · Deferred revenue

    beginning of year $8,047,406 · end of year $8,192,510

  • 25 · Other liabilities

    beginning of year $18,413 · end of year $127,409

  • 27 · Net assets without donor restrictions

    beginning of year $80,369,930 · end of year $90,204,280

Mission and programs · 2023

Mission

THE AMERICAN ACADEMY OF SLEEP MEDICINE (AASM) IS A NONPROFIT CORPORATION ORGANIZED UNDER THE LAWS OF THE STATE OF MINNESOTA TO (1) ESTABLISH, UPDATE, AND MAINTAIN STANDARDS FOR THE EVALUATION AND TREATMENT OF HUMAN SLEEP DISORDERS AND SLEEP-RELATED DISORDERS, (2) PROMOTE EDUCATION AND TRAINING IN SLEEP DISORDER MEDICINE AND TO FOSTER RELATED RESEARCH, AND (3) REPRESENT THE SLEEP DISORDER DISCIPLINE IN RELATION TO HEALTH PROFESSIONAL ORGANIZATIONS, FEDERAL AND LOCAL REGULATORY BODIES, AND FEDERAL AND PRIVATE HEALTH INSURERS.

Activities or mission (Part I)

THE AMERICAN ACADEMY OF SLEEP MEDICINE (AASM)IS A NONPROFIT CORPORATION ORGANIZED TO ESTABLISH STANDARDS FOR THE EVALUATION AND TREATMENT OF HUMAN SLEEP DISORDERS,PROMOTE EDUCATION AND TRAINING IN SLEEP DISORDER MEDICINE, AND REPRESENT THE SLEEP DISORDER DISCIPLINE.

  • ACCREDITATION - AASM ACCREDITATION IS A VOLUNTARY ACTIVITY, PROVIDING RECOGNITION THAT AN ENTITY MEETS RIGOROUS ACCREDITATION STANDARDS, WHICH ARE ESTABLISHED BY THE AASM AND UPDATED PERIODICALLY BASED ON CHANGES IN TECHNOLOGY AND CLINICAL PRACTICE. FINAL APPROVAL OF ACCREDITATION RESTS WITH THE AASM ACCREDITATION COMMITTEE. THE AASM ACCREDITS SLEEP DISORDERS FACILITIES, INDEPENDENT SLEEP PRACTICES (ISP) AND DURABLE MEDICAL EQUIPMENT (DME) PROVIDERS.

  • SCIENTIFIC PUBLICATION - THE AASM PUBLISHES THE JOURNAL OF CLINICAL SLEEP MEDICINE. THE JOURNAL INCLUDES PEER-REVIEWED SCIENTIFIC INVESTIGATIONS, CASE REPORTS, REVIEWS AND AASM CLINICAL PRACTICE GUIDELINES THAT SUPPORT INFORMED CLINICAL DECISION-MAKING AND ENABLE SLEEP CLINICIANS TO REMAIN CURRENT PROFESSIONALLY.

  • EDUCATION TO PROVIDE A VARIETY OF CONTINUING EDUCATION USING VARIED TEACHING MODALITIES AND VARIOUS DELIVERY METHODS. THE ACADEMY OFFERS EDUCATIONAL ACTIVITIES AT MULTIPLE LEVELS FOR SLEEP MEDICINE PHYSICIANS, NON-SLEEP PHYSICIANS, PSYCHOLOGISTS, ADVANCED PRACTICE PROVIDERS AND SLEEP TECHNOLOGISTS. THESE ACTIVITIES INCLUDE LIVE REGIONAL COURSES. FOR EXAMPLE, SLEEP MEDICINE TRENDS, SLEEP MEDICINE ESSENTIALS, AND OTHER SPECIALIZED LIVE COURSES AS NEEDED. IN ADDITION, A LARGE VOLUME OF ONLINE EDUCATIONAL OPPORTUNITIES ARE AVAILABLE ON-DEMAND, INCLUDING LIVE COURSE RECORDINGS, PPT PRESENTATIONS, WEBINARS, JOURNAL ARTICLES AND PRACTICE EXAMINATIONS.

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

Listed in Part VII

  • Steven Van Hout

    EXECUTIVE DIRECTOR

    Total calculated
    $593,798
    From this org
    $506,586
    From related orgs
    $0
    Other
    $87,212
    Hours/week
    40 + 3 related

    Schedule J breakdown matched by us

    Base
    $461,086
    Bonus
    $45,500
    Other
    $0
    Deferred
    $55,500
    Nontaxable benefits
    $31,712
    Filer's total
    $593,798

  • Sherene Thomas

    ASSISTANT EXECUTIVE DIRECTOR

    Total calculated
    $296,332
    From this org
    $247,078
    From related orgs
    $0
    Other
    $49,254
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $236,663
    Bonus
    $10,415
    Other
    $0
    Deferred
    $24,822
    Nontaxable benefits
    $24,432
    Filer's total
    $296,332

  • Thomas Heffron

    SENIOR DIRECTOR

    Total calculated
    $261,671
    From this org
    $214,845
    From related orgs
    $0
    Other
    $46,826
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $205,551
    Bonus
    $9,294
    Other
    $0
    Deferred
    $21,655
    Nontaxable benefits
    $25,171
    Filer's total
    $261,671

  • Mary Square

    SENIOR DIRECTOR

    Total calculated
    $219,114
    From this org
    $182,731
    From related orgs
    $0
    Other
    $36,383
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $174,960
    Bonus
    $7,771
    Other
    $0
    Deferred
    $18,461
    Nontaxable benefits
    $17,922
    Filer's total
    $219,114

  • Christopher Waring

    SENIOR DIRECTOR

    Total calculated
    $211,474
    From this org
    $181,860
    From related orgs
    $0
    Other
    $29,614
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $174,074
    Bonus
    $7,786
    Other
    $0
    Deferred
    $18,510
    Nontaxable benefits
    $11,104
    Filer's total
    $211,474

  • Diedra Gray

    DIRECTOR OF HEALTH POLICY

    Total calculated
    $203,264
    From this org
    $172,153
    From related orgs
    $0
    Other
    $31,111
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $164,600
    Bonus
    $7,553
    Other
    $0
    Deferred
    $17,590
    Nontaxable benefits
    $13,521
    Filer's total
    $203,264

  • Andrew Summers

    DIRECTOR OF FINANCE

    Total calculated
    $187,978
    From this org
    $151,492
    From related orgs
    $0
    Other
    $36,486
    Hours/week
    40 + 3 related

    Schedule J breakdown matched by us

    Base
    $144,530
    Bonus
    $6,962
    Other
    $0
    Deferred
    $16,223
    Nontaxable benefits
    $20,263
    Filer's total
    $187,978

  • Christen Whittington

    DIRECTOR OF ORGNAIZATIONAL AFFAIRS

    Total calculated
    $183,832
    From this org
    $159,959
    From related orgs
    $0
    Other
    $23,873
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $153,037
    Bonus
    $6,922
    Other
    $0
    Deferred
    $16,433
    Nontaxable benefits
    $7,440
    Filer's total
    $183,832

  • James Rowley MD

    PRESIDENT

    Total calculated
    $58,250
    From this org
    $58,250
    From related orgs
    $0
    Other
    $0
    Hours/week
    5 + 2 related

  • Eric Olson MD

    PRESIDENT-ELECT

    Total calculated
    $44,500
    From this org
    $44,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    5 + 2 related

  • Jennifer Martin PhD

    IMMEDIATE PAST PRESIDENT

    Total calculated
    $44,500
    From this org
    $44,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    5 + 2 related

  • Anita Shelgikar MD Mhpe

    SECRETARY-TREASURER

    Total calculated
    $32,250
    From this org
    $32,250
    From related orgs
    $0
    Other
    $0
    Hours/week
    5 + 2 related

  • Lynn Marie Trotti MD Msc

    DIRECTOR

    Total calculated
    $19,600
    From this org
    $19,600
    From related orgs
    $0
    Other
    $0
    Hours/week
    5 + 2 related

  • Fariha Abbasi-Feinberg MD

    DIRECTOR

    Total calculated
    $18,500
    From this org
    $18,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    5 + 1 related

  • Vishesh Kapur MD MPH

    DIRECTOR

    Total calculated
    $17,000
    From this org
    $17,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    5 + 2 related

  • David Kuhlmann MD

    DIRECTOR

    Total calculated
    $17,000
    From this org
    $17,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Emerson Wickwire PhD Faasm

    DIRECTOR

    Total calculated
    $17,000
    From this org
    $17,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    5 + 2 related

  • Raman Malhotra MD

    IMMEDIATE PAST PRESIDENT (OUTGOING 2023)

    Total calculated
    $9,375
    From this org
    $9,375
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Rashmi Aurora MD Mhs

    DIRECTOR (OUTGOING 2023)

    Total calculated
    $8,900
    From this org
    $8,900
    From related orgs
    $0
    Other
    $0
    Hours/week
    5 + 2 related

  • Alexandre Rocha Abreu MD

    DIRECTOR (INCOMING 2023)

    Total calculated
    $8,500
    From this org
    $8,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Indira Gurubhagavatula MD MPH

    DIRECTOR (INCOMING 2023)

    Total calculated
    $8,500
    From this org
    $8,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Susheel Patil MD PhD

    DIRECTOR (INCOMING 2023)

    Total calculated
    $8,500
    From this org
    $8,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    5 + 1 related

  • Carol Rosen MD

    DIRECTOR (OUTGOING 2023)

    Total calculated
    $8,500
    From this org
    $8,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    5 + 1 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

  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 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

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.

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.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • AASM SLEEP TM LLC

    SLEEP TELEMEDICINE · IL · income -$1,897 · assets $0

    Directly controlled by AMERICAN ACADEMY OF SLEEP MEDICINE

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • ASSOCIATED PROFESSIONAL SLEEP SOCIETIES

    RELATED · ANNUAL CONFERENCE · IL · 62.84% owned · share of income $1,647,863 · share of assets $117,873

    Directly controlled by AMERICAN ACADEMY OF SLEEP MEDICINE

Provenance

Return type
form_990
Tax year
2023
Filed
11 November 2024
IRS schema version
2023v5.1
Source object
202423169349302637

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