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Nonprofiteer
← AMERICAN ACADEMY OF SLEEP MEDICINE FOUNDATION

Form 990 for tax year 2023

Filed by AMERICAN ACADEMY OF SLEEP MEDICINE FOUNDATION.

Totals

Total revenue
$3,182,359
Total expenses
$4,279,327
Contributions and grants received
$2,717,260
Grants paid
$3,985,481
Program service revenue
$0
Investment income
$465,099
Other revenue
$0
Total assets, end of year
$17,276,389
Total liabilities, end of year
$3,602,306
Net assets or fund balances, end of year
$13,674,083
Program services expenses (Part IX)
$4,030,512
Management and general expenses
$122,260
Fundraising expenses
$126,555
Program service expenses (Part III)
$4,030,512

Program services were 94.2% 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

    $2,096,184

  • 1f · All other contributions, gifts and grants

    $621,076

  • 3 · Investment income

    total $452,812 · excluded $452,812

  • 7a · Gross sales of assets other than inventory

    securities $3,743,994

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

    securities $3,731,707

  • 7c · Gain or loss

    securities $12,287

  • 7d · Net gain or loss

    total $12,287 · excluded $12,287

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $3,307,993 · program services $3,307,993

  • 3 · Grants to foreign organizations and individuals

    total $677,488 · program services $677,488

  • 11b · Fees: legal

    total $4,286 · management and general $4,286

  • 11c · Fees: accounting

    total $27,766 · management and general $27,766

  • 11f · Fees: investment management

    total $21,650 · management and general $21,650

  • 11g · Fees: other

    total $10,797 · fundraising $10,797

  • 12 · Advertising and promotion

    total $8,530 · management and general $8,530

  • 13 · Office expenses

    total $8,647 · program services $2,336 · management and general $6,311

  • 14 · Information technology

    total $27,024 · management and general $27,024

  • 17 · Travel

    total $23,590 · program services $23,590

  • 19 · Conferences, conventions and meetings

    total $19,332 · program services $19,105 · management and general $227

  • 24a · Other expenses: DEVELOPMENT

    total $115,758 · fundraising $115,758

  • 24e · All other expenses

    total $26,466 · management and general $26,466

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,503,593 · end of year $2,319,982

  • 2 · Savings and temporary cash investments

    beginning of year $5,950 · end of year $1,543

  • 4 · Accounts receivable

    beginning of year $510,000 · end of year $390,000

  • 9 · Prepaid expenses and deferred charges

    beginning of year $10,643 · end of year $3,072

  • 11 · Investments: publicly traded securities

    beginning of year $13,380,555 · end of year $14,393,798

  • 15 · Other assets

    beginning of year $18,413 · end of year $167,994

  • 17 · Accounts payable and accrued expenses

    beginning of year $66,423 · end of year $10,573

  • 18 · Grants payable

    beginning of year $2,775,960 · end of year $3,585,931

  • 25 · Other liabilities

    beginning of year $51,283 · end of year $5,802

  • 27 · Net assets without donor restrictions

    beginning of year $4,116,309 · end of year $3,253,496

  • 28 · Net assets with donor restrictions

    beginning of year $9,419,179 · end of year $10,420,587

Mission and programs · 2023

Mission

TO PROMOTE DISCOVERIES THAT ADVANCE THE UNDERSTANDING OF SLEEP FOR HEALTHIER LIVES BY OFFERING RESEARCH, COMMUNITY AND TRAINING GRANTS.

  • THE AASM FOUNDATION STRIVES TO PROMOTE DISCOVERIES THAT ADVANCE THE UNDERSTANDING OF SLEEP FOR HEALTHIER LIVES BY OFFERING RESEARCH, COMMUNITY PROGRAM SUPPORT, AND TRAINING GRANTS.IN 2023, THE AASM FOUNDATION APPROVED FUNDING FOR CAREER DEVELOPMENT GRANTS, INCLUDING BRIDGE TO SUCCESS FOR EARLY CAREER INVESTIGATORS GRANTS (SUPPORTS RESEARCHERS WHO HAVE APPLIED FOR A FEDERAL CAREER DEVELOPMENT AWARD THAT WILL NOT BE FUNDED AND WHO PLAN TO SUBMIT A REVISED APPLICATION), BRIDGE TO SUCCESS FOR MID-CAREER/SENIOR INVESTIGATORS GRANTS (SUPPORTS RESEARCHERS WHO HAVE APPLIED FOR A FEDERAL INDEPENDENT INVESTIGATOR AWARD THAT WILL NOT BE FUNDED AND WHO PLAN TO SUBMIT A REVISED APPLICATION), FOCUSED PROJECTS GRANTS FOR JUNIOR INVESTIGATORS (SUPPORTS RESEARCH BY EARLY INVESTIGATORS) AND PHYSICIAN SCIENTIST AND ABSM JR FACULTY GRANTS (SUPPORTS THE GROWTH OF PHYSICIAN SCIENTISTS IN THE FIELD OF SLEEP AND CIRCADIAN RESEARCH). STRATEGIC RESEARCH GRANTS (SUPPORTS PROJECTS THAT FOSTER HEALTH SERVICES RESEARCH AND PATIENT-ORIENTED RESEARCH IN SLEEP MEDICINE, TO DEMONSTRATE IMPROVED PATIENTS' OUTCOMES AND DEMONSTRATE VALUE) WERE APPROVED, AS WELL AS COMMUNITY SLEEP HEALTH GRANTS (SUPPORTS PROJECTS ADDRESSING SLEEP HEALTH IN THE COMMUNITY). THE AASM FOUNDATION ALSO APPROVED A SLEEP CHAMPION AWARD (RECOGNIZES SUCCESSFUL COMMUNITY-BASED SLEEP HEALTH SERVICES AND EDUCATION PROVIDED BY NON-PROFIT ORGANIZATIONS). ADDITIONALLY, THE AASM FOUNDATION SUPPORTED THE EFFORTS OF OTHER ORGANIZATIONS BY CO-FUNDING SCHOLARSHIPS FOR MEDICAL STUDENTS INTERESTED IN SLEEP MEDICINE AND SMALL RESEARCH GRANTS FOR PILOT PROJECTS FOR EARLY CAREER RESEARCHERS.

    Expenses $4,030,512 · Grants $3,985,481

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
    $0
    From related orgs
    $506,586
    Other
    $87,212
    Hours/week
    2 + 41 related

    Schedule J breakdown matched by us

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

  • Andrew Summers

    DIRECTOR OF FINANCE

    Total calculated
    $187,978
    From this org
    $0
    From related orgs
    $151,492
    Other
    $36,486
    Hours/week
    2 + 41 related

    Schedule J breakdown matched by us

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

  • James Rowley MD

    DIRECTOR (OUTGOING 2023)

    Total calculated
    $58,250
    From this org
    $0
    From related orgs
    $58,250
    Other
    $0
    Hours/week
    1 + 6 related

  • Jennifer Martin PhD

    DIRECTOR (INCOMING 2023)

    Total calculated
    $44,500
    From this org
    $0
    From related orgs
    $44,500
    Other
    $0
    Hours/week
    1 + 6 related

  • Eric Olson MD

    DIRECTOR

    Total calculated
    $44,500
    From this org
    $0
    From related orgs
    $44,500
    Other
    $0
    Hours/week
    1 + 6 related

  • Anita Shelgikar MD Mhpe

    SECRETARY/TREASURER

    Total calculated
    $32,250
    From this org
    $0
    From related orgs
    $32,250
    Other
    $0
    Hours/week
    1 + 6 related

  • Lynn Marie Trotti MD Msc

    DIRECTOR

    Total calculated
    $19,600
    From this org
    $0
    From related orgs
    $19,600
    Other
    $0
    Hours/week
    1 + 6 related

  • Vishesh Kapur MD MPH

    DIRECTOR

    Total calculated
    $17,000
    From this org
    $0
    From related orgs
    $17,000
    Other
    $0
    Hours/week
    1 + 6 related

  • Emerson Wickwire PhD Faasm

    DIRECTOR (INCOMING 2023)

    Total calculated
    $17,000
    From this org
    $0
    From related orgs
    $17,000
    Other
    $0
    Hours/week
    1 + 6 related

  • Rashmi Aurora MD Mhs

    PRESIDENT

    Total calculated
    $8,900
    From this org
    $0
    From related orgs
    $8,900
    Other
    $0
    Hours/week
    1 + 6 related

  • Susmita Chowdhuri MD Ms

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Joyce K Lee-Iannotti

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Nancy S Redeker PhD RN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Stephen H Sheldon Do

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

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

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.

  • AMERICAN ACADEMY OF SLEEP MEDICINE

    501(C)(6) · TRADE ASSOCIATION · MN

    Directly controlled by AASM

  • AMERICAN BOARD OF SLEEP MEDICINE

    501(C)(6) · CERTIFICATION · IL

    Directly controlled by AASM

Provenance

Return type
form_990
Tax year
2023
Filed
11 November 2024
IRS schema version
2023v5.1
Source object
202413169349302321

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