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← AMERICAN ACADEMY OF NEUROLOGY INSTITUTE

Form 990 for tax year 2023

Filed by AMERICAN ACADEMY OF NEUROLOGY INSTITUTE.

Totals

Total revenue
$39,379,869
Total expenses
$37,162,818
Contributions and grants received
$12,690,568
Grants paid
$5,378,004
Program service revenue
$20,771,493
Investment income
$2,768,711
Other revenue
$3,149,097
Total assets, end of year
$132,840,684
Total liabilities, end of year
$36,096,986
Net assets or fund balances, end of year
$96,743,698
Program services expenses (Part IX)
$31,879,527
Management and general expenses
$5,283,291
Fundraising expenses
$0
Program service expenses (Part III)
$31,879,527

Program services were 85.8% 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.

  • 1a · Federated campaigns

    $0

  • 1b · Membership dues

    $0

  • 1c · Fundraising events

    $0

  • 1d · Related organizations

    $0

  • 1e · Government grants (contributions)

    $0

  • 1f · All other contributions, gifts and grants

    $12,690,568

  • 1g · Noncash contributions included above

    $0

  • 2a · Program service revenue: Conference/Educational Fees

    total $16,041,369 · related or exempt $16,041,369 · unrelated business $0 · excluded $0

  • 2b · Program service revenue: Products/Publications

    total $1,636,062 · related or exempt $1,400,622 · unrelated business $235,440 · excluded $0

  • 2c · Program service revenue: Management/Access Fee

    total $1,514,062 · related or exempt $1,514,062 · unrelated business $0 · excluded $0

  • 2d · Program service revenue: Dues

    total $1,580,000 · related or exempt $1,580,000 · unrelated business $0 · excluded $0

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $2,897,612 · related or exempt $0 · unrelated business $0 · excluded $2,897,612

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 5 · Royalties

    total $2,411,678 · related or exempt $0 · unrelated business $0 · excluded $2,411,678

  • 6a · Gross rents

    real property $0 · personal property $0

  • 6b · Less rental expenses

    real property $0 · personal property $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 6d · Net rental income or loss

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 7a · Gross sales of assets other than inventory

    securities $21,870,504 · other assets $0

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

    securities $21,999,405 · other assets $0

  • 7c · Gain or loss

    securities -$128,901 · other assets $0

  • 7d · Net gain or loss

    total -$128,901 · related or exempt $0 · unrelated business $0 · excluded -$128,901

  • 8a · Fundraising events: gross income

    $0

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

    $0

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0 · unrelated business $0 · excluded $0

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 10a · Gross sales of inventory

    $133,250

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $133,250 · related or exempt $133,250 · unrelated business $0 · excluded $0

  • 11a · Other revenue: Miscellaneous Revenue

    total $604,169 · related or exempt $604,169 · unrelated business $0 · excluded $0

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $604,169

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $4,729,459 · program services $4,729,459

  • 2 · Grants to domestic individuals

    total $254,545 · program services $254,545

  • 3 · Grants to foreign organizations and individuals

    total $394,000 · program services $394,000

  • 4 · Benefits paid to or for members

    total $0 · program services $0

  • 5 · Compensation of officers, directors and key employees

    total $0 · program services $0 · management and general $0

  • 6 · Compensation of disqualified persons

    total $0 · program services $0 · management and general $0

  • 7 · Other salaries and wages

    total $7,299,962 · program services $6,242,906 · management and general $1,057,056

  • 8 · Pension plan contributions

    total $718,207 · program services $614,209 · management and general $103,998

  • 9 · Other employee benefits

    total $999,212 · program services $854,523 · management and general $144,689

  • 10 · Payroll taxes

    total $515,473 · program services $440,831 · management and general $74,642

  • 11a · Fees: management

    total $3,436,791 · program services $2,888,356 · management and general $548,435

  • 11b · Fees: legal

    total $15,459 · program services $14,827 · management and general $632

  • 11c · Fees: accounting

    total $26,346 · program services $0 · management and general $26,346

  • 11d · Fees: lobbying

    total $0 · program services $0 · management and general $0

  • 11f · Fees: investment management

    total $71,801 · program services $0 · management and general $71,801

  • 11g · Fees: other

    total $3,243,897 · program services $1,845,862 · management and general $1,398,035

  • 12 · Advertising and promotion

    total $304,123 · program services $304,123 · management and general $0

  • 13 · Office expenses

    total $1,286,725 · program services $1,055,254 · management and general $231,471

  • 14 · Information technology

    total $0 · program services $0 · management and general $0

  • 15 · Royalties

    total $0 · program services $0 · management and general $0

  • 16 · Occupancy

    total $1,112,406 · program services $0 · management and general $1,112,406

  • 17 · Travel

    total $1,373,079 · program services $1,369,063 · management and general $4,016

  • 18 · Travel or entertainment for public officials

    total $0 · program services $0 · management and general $0

  • 19 · Conferences, conventions and meetings

    total $10,169,411 · program services $10,169,411 · management and general $0

  • 20 · Interest

    total $0 · program services $0 · management and general $0

  • 21 · Payments to affiliates

    total $0 · program services $0 · management and general $0

  • 22 · Depreciation, depletion and amortization

    total $584,603 · program services $75,045 · management and general $509,558

  • 23 · Insurance

    total $101,045 · program services $101,045 · management and general $0

  • 24a · Other expenses: Unrelated Business Income Tax

    total $65,045 · program services $65,045 · management and general $0

  • 24b · Other expenses: Dues and Subscriptions

    total $27,804 · program services $27,804 · management and general $0

  • 24c · Other expenses: Stipends / Honoraria

    total $472,514 · program services $472,514 · management and general $0

  • 24e · All other expenses

    total -$39,089 · program services -$39,295 · management and general $206

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $4,878,183 · end of year $25,340

  • 2 · Savings and temporary cash investments

    beginning of year $4,766,951 · end of year $6,726,085

  • 3 · Pledges and grants receivable

    beginning of year $3,363,223 · end of year $2,166,606

  • 4 · Accounts receivable

    beginning of year $2,265,268 · end of year $3,231,460

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $724,486 · end of year $761,611

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

    $21,611,091

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

    $8,511,936

  • 10c · Land, buildings and equipment, net

    beginning of year $13,675,095 · end of year $13,099,155

  • 11 · Investments: publicly traded securities

    beginning of year $84,759,183 · end of year $100,357,598

  • 12 · Investments: other securities

    beginning of year $2,824,744 · end of year $6,472,829

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,992,128 · end of year $4,262,829

  • 18 · Grants payable

    beginning of year $8,237,897 · end of year $7,081,613

  • 19 · Deferred revenue

    beginning of year $4,425,010 · end of year $6,170,122

  • 23 · Secured mortgages and notes payable

    beginning of year $7,008,819 · end of year $6,270,963

  • 25 · Other liabilities

    beginning of year $10,355,573 · end of year $12,311,459

  • 27 · Net assets without donor restrictions

    beginning of year $83,945,375 · end of year $93,810,159

  • 28 · Net assets with donor restrictions

    beginning of year $292,331 · end of year $2,933,539

Mission and programs · 2023

Mission

The mission of the corporation is to promote the highest quality patient-centered neurologic care.

Activities or mission (Part I)

The American Academy of Neurology Institute (AANI) provides top-tier education and scientific programming to the field of neurology and the broader medical community. The Academy is dedicated to the concept of lifelong learning and providing education opportunities that respond to members' needs over the course of their careers.

  • Annual Meeting and Conferences: The 2023 Annual Meeting, which took place over six days in Boston and online to accommodate member needs, drew a record 15,347 attendees. This award-winning meeting was rated good or excellent by 94% of attendees. On-demand content remained available for all conferences, allowing the AANI to reach learners on a global level as well as providing continued access to meeting content throughout the year. The value of these on-demand offerings has been appreciated by the members and supports the mission of the Academy. After the success of the previous year's event, the Academy held a hybrid Summer Conference focused on Emergency and Hospital Neurology that drew more than 500 registrants. More than 96% of attendees rated the conference good or excellent. More than 1,000 registrants took part in the hybrid Fall Conference, which included a pre-conference for advanced practice providers. All events were well attended and 97% of attendees rated the conference as good or excellent. The second AAN Brain Health Summit was held on September 21 in Washington, DC, convening more than 150 leaders in brain health science, policy, and education. During the summit, the AAN and American Heart Association (AHA) announced a new joint research program, the Ralph L. Sacco Scholarships in Brain Health, also known as the Sacco Scholars program.

    Expenses $24,742,391 · Grants $5,176,009 · Revenue $16,553,137

  • Training / Tools / Resources (AANI): The AANI continues to address areas of controversy and importance in its evidence-based guidelines program. There are currently 10 active projects at various stages of development, and the AANI is participating in several collaborations with our neurology partners for subspecialty-related guidelines . The Academy continued to focus on various resources that help members provide optimal care for their patients. It published the guideline "Determination of Brain Death/Death by Neurological Criteria," updated the ALS measures set, released a series of webinars on telehealth, and provided analysis and recommendations for AAN members on a new dementia care model from the Centers for Medicare & Medicaid Services (CMS). Work started on two new guidelines initiatives related to functional seizures and ALS care.

    Expenses $4,011,128 · Grants $201,995

  • Continuing Medical Education Programs: The AANI was successfully reaccredited for the 2023-2026 reaccreditation cycle by the Accreditation Council for Continuing Medical Education. It also made various enhancements to its virtual education tools, launching a new and improved learning management system and providing a major system update for the Neurology Question of the Day app. Finally, the Academy launched a new NeuroSAE(R) Medical Student Edition, which is designed for the medical student neurology clerk.

    Expenses $3,126,008 · Revenue $1,124,294

As filed on the 2023 return.

Listed in Part VII

  • Mary E Post

    Chief Executive Director

    Total calculated
    $656,800
    From this org
    $0
    From related orgs
    $601,293
    Other
    $55,507
    Hours/week
    9 + 48 related

    Schedule J breakdown matched by us

    Base
    $0 + $526,966 related
    Bonus
    $0 + $50,523 related
    Other
    $0 + $23,804 related
    Deferred
    $0 + $34,650 related
    Nontaxable benefits
    $0 + $20,857 related
    Filer's total
    $0 + $656,800 related

  • Jason Kopinski

    Deputy Executive Director/Chief Operating Officer

    Total calculated
    $444,768
    From this org
    $0
    From related orgs
    $389,261
    Other
    $55,507
    Hours/week
    1 + 44 related

    Schedule J breakdown matched by us

    Base
    $0 + $336,661 related
    Bonus
    $0 + $39,253 related
    Other
    $0 + $13,347 related
    Deferred
    $0 + $34,650 related
    Nontaxable benefits
    $0 + $20,857 related
    Filer's total
    $0 + $444,768 related

  • Kelly Ricker

    Chief Learning Officer

    Total calculated
    $406,442
    From this org
    $0
    From related orgs
    $370,854
    Other
    $35,588
    Hours/week
    43 + 3 related

    Schedule J breakdown matched by us

    Base
    $0 + $336,177 related
    Bonus
    $0 + $21,006 related
    Other
    $0 + $13,671 related
    Deferred
    $0 + $34,650 related
    Nontaxable benefits
    $0 + $938 related
    Filer's total
    $0 + $406,442 related

  • John Hutchins

    General Counsel

    Total calculated
    $385,463
    From this org
    $0
    From related orgs
    $330,310
    Other
    $55,153
    Hours/week
    5 + 44 related

    Schedule J breakdown matched by us

    Base
    $0 + $285,290 related
    Bonus
    $0 + $32,568 related
    Other
    $0 + $12,452 related
    Deferred
    $0 + $30,924 related
    Nontaxable benefits
    $0 + $24,229 related
    Filer's total
    $0 + $385,463 related

  • Kevin Myren

    Chief Financial Officer

    Total calculated
    $352,050
    From this org
    $0
    From related orgs
    $315,146
    Other
    $36,904
    Hours/week
    19 + 28 related

    Schedule J breakdown matched by us

    Base
    $0 + $272,475 related
    Bonus
    $0 + $30,609 related
    Other
    $0 + $12,062 related
    Deferred
    $0 + $29,040 related
    Nontaxable benefits
    $0 + $7,864 related
    Filer's total
    $0 + $352,050 related

  • Sukhjeet Ahuja

    Chief Health Policy Officer

    Total calculated
    $332,238
    From this org
    $0
    From related orgs
    $284,116
    Other
    $48,122
    Hours/week
    23 + 25 related

    Schedule J breakdown matched by us

    Base
    $0 + $243,619 related
    Bonus
    $0 + $29,091 related
    Other
    $0 + $11,406 related
    Deferred
    $0 + $27,265 related
    Nontaxable benefits
    $0 + $20,857 related
    Filer's total
    $0 + $332,238 related

  • Orly Avitzur MD MBA FAAN

    Immediate Past Chair

    Total calculated
    $161,122
    From this org
    $0
    From related orgs
    $161,122
    Other
    $0
    Hours/week
    2 + 2 related

    Schedule J breakdown matched by us

    Base
    $0 + $161,122 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $161,122 related

  • Carlayne E Jackson MD FAAN

    Chair

    Total calculated
    $148,951
    From this org
    $0
    From related orgs
    $148,951
    Other
    $0
    Hours/week
    10 + 10 related

  • Lyell K Jones Jr MD FAAN

    Director

    Total calculated
    $104,040
    From this org
    $0
    From related orgs
    $104,040
    Other
    $0
    Hours/week
    1

  • Natalia Rost MD MPH FAHA FAAN

    Chair Elect

    Total calculated
    $60,500
    From this org
    $500
    From related orgs
    $60,000
    Other
    $0
    Hours/week
    5 + 5 related

  • Janis Miyasaki MD MeD FAAN

    Vice Chair

    Total calculated
    $33,634
    From this org
    $150
    From related orgs
    $33,484
    Other
    $0
    Hours/week
    1 + 1 related

  • Joseph I Sirven MD FAAN

    Director

    Total calculated
    $11,577
    From this org
    $0
    From related orgs
    $11,577
    Other
    $0
    Hours/week
    1 + 1 related

  • Bruce Ovbiagele MD MSc MAS MBA

    Director

    Total calculated
    $5,350
    From this org
    $5,350
    From related orgs
    $0
    Other
    $0
    Hours/week
    1 + 1 related

  • Jose H Posas MD FAAN

    Director

    Total calculated
    $2,150
    From this org
    $2,150
    From related orgs
    $0
    Other
    $0
    Hours/week
    1 + 1 related

  • Jennifer Bickel MD FAAN

    Director

    Total calculated
    $1,000
    From this org
    $900
    From related orgs
    $100
    Other
    $0
    Hours/week
    1 + 1 related

  • Paul M George MD PhD MSE FAAN

    Director

    Total calculated
    $500
    From this org
    $500
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Lily Jung Henson MD MMM FAAN

    Director

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

  • Charles C Flippen II MD FAAN

    Director

    Total calculated
    $150
    From this org
    $150
    From related orgs
    $0
    Other
    $0
    Hours/week
    1 + 1 related

  • Larry B Goldstein MD FAHA FAAN

    Director

    Total calculated
    $150
    From this org
    $150
    From related orgs
    $0
    Other
    $0
    Hours/week
    1 + 1 related

  • Sarah M Benish MD FAAN

    Director

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Wayne E Anderson DO FAHS FAAN

    Director

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Shannon M Kilgore MD FAAN

    Director

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Brett M Kissela MD MS FAAN

    Director

    Total calculated
    $0
    Hours/week
    1

  • Jose G Merino MD MPhil FAHA FAAN

    Director

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Jeffrey C McClean II MD FAAN

    Director

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Gregory J Esper MD MBA FAAN

    Director

    Total calculated
    $0
    Hours/week
    1 + 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

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 Neurology

    501(c)(6) · representing members' interest in advancing neurological sciences · MN · controlled entity

    Directly controlled by American Academy of Neurology Institute

Provenance

Return type
form_990
Tax year
2023
Filed
30 September 2024
IRS schema version
2023v5.0
Source object
202412819349301526

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