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← AMERICAN ACADEMY OF SLEEP MEDICINE

Form 990 for tax year 2024

Filed by AMERICAN ACADEMY OF SLEEP MEDICINE.

Totals

Total revenue
$19,576,889
Total expenses
$19,811,339
Contributions and grants received
$345,440
Grants paid
$640,041
Program service revenue
$14,134,494
Investment income
$5,079,168
Other revenue
$17,787
Total assets, end of year
$106,833,334
Total liabilities, end of year
$9,999,178
Net assets or fund balances, end of year
$96,834,156
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)

    $345,440

  • 2a · Program service revenue: EDUCATIONAL PRODUCTS

    total $4,588,445 · related or exempt $4,588,445

  • 2b · Program service revenue: MEMBER DUES

    total $3,896,241 · related or exempt $3,896,241

  • 2c · Program service revenue: ACCREDITATION FEES

    total $2,385,806 · related or exempt $2,385,806

  • 2d · Program service revenue: CONTRACTED SERVICES

    total $1,848,743 · related or exempt $1,848,743

  • 2e · Program service revenue: COURSE FEES

    total $599,447 · related or exempt $599,447

  • 2f · All other program service revenue

    total $815,812 · related or exempt $72,038 · unrelated business $383,774 · excluded $360,000

  • 3 · Investment income

    total $3,908,097 · related or exempt $1,259,254 · excluded $2,648,843

  • 7a · Gross sales of assets other than inventory

    securities $20,404,912

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

    securities $19,233,841

  • 7c · Gain or loss

    securities $1,171,071

  • 7d · Net gain or loss

    total $1,171,071 · excluded $1,171,071

  • 11a · Other revenue: MAILING LIST RENTAL

    total $2,333 · unrelated business $2,333

  • 11d · All other revenue

    total $15,454 · excluded $15,454

  • 11e · Other revenue, total

    $17,787

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $639,021

  • 2 · Grants to domestic individuals

    total $1,020

  • 5 · Compensation of officers, directors and key employees

    total $2,150,980

  • 7 · Other salaries and wages

    total $6,224,377

  • 8 · Pension plan contributions

    total $604,481

  • 9 · Other employee benefits

    total $799,185

  • 10 · Payroll taxes

    total $598,669

  • 11b · Fees: legal

    total $30,268

  • 11c · Fees: accounting

    total $75,786

  • 11f · Fees: investment management

    total $48,213

  • 11g · Fees: other

    total $863,531

  • 12 · Advertising and promotion

    total $530,740

  • 13 · Office expenses

    total $729,122

  • 14 · Information technology

    total $623,214

  • 16 · Occupancy

    total $121,434

  • 17 · Travel

    total $267,807

  • 19 · Conferences, conventions and meetings

    total $577,636

  • 21 · Payments to affiliates

    total $2,500,000

  • 22 · Depreciation, depletion and amortization

    total $301,225

  • 23 · Insurance

    total $53,747

  • 24a · Other expenses: SITE VISITS

    total $383,868

  • 24b · Other expenses: BOARD EXPENSES

    total $323,504

  • 24c · Other expenses: PRODUCT DEVELOPMENT

    total $200,997

  • 24d · Other expenses: DATA REGISTRY

    total $135,000

  • 24e · All other expenses

    total $1,027,514

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $847,246 · end of year $426,736

  • 2 · Savings and temporary cash investments

    beginning of year $2,000,589 · end of year $2,256,727

  • 4 · Accounts receivable

    beginning of year $786,347 · end of year $107,866

  • 8 · Inventories for sale or use

    beginning of year $105,587 · end of year $102,396

  • 9 · Prepaid expenses and deferred charges

    beginning of year $419,508 · end of year $268,836

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

    $7,953,253

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

    $3,392,973

  • 10c · Land, buildings and equipment, net

    beginning of year $4,828,839 · end of year $4,560,280

  • 11 · Investments: publicly traded securities

    beginning of year $91,278,050 · end of year $98,838,850

  • 12 · Investments: other securities

    beginning of year $117,873 · end of year $135,462

  • 15 · Other assets

    beginning of year $63,075 · end of year $136,181

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,922,915 · end of year $2,260,179

  • 19 · Deferred revenue

    beginning of year $8,192,510 · end of year $7,706,079

  • 25 · Other liabilities

    beginning of year $127,409 · end of year $32,920

  • 27 · Net assets without donor restrictions

    beginning of year $90,204,280 · end of year $96,834,156

Mission and programs · 2024

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 2024 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
    $621,130
    From this org
    $531,680
    From related orgs
    $0
    Other
    $89,450
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $483,905
    Bonus
    $47,775
    Other
    $0
    Deferred
    $57,500
    Nontaxable benefits
    $31,950
    Filer's total
    $621,130

  • Sherene Thomas

    ASSISTANT EXECUTIVE DIRECTOR

    Total calculated
    $313,869
    From this org
    $260,794
    From related orgs
    $0
    Other
    $53,075
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $248,063
    Bonus
    $12,731
    Other
    $0
    Deferred
    $26,231
    Nontaxable benefits
    $26,844
    Filer's total
    $313,869

  • Thomas Heffron

    SENIOR DIRECTOR

    Total calculated
    $272,511
    From this org
    $222,179
    From related orgs
    $0
    Other
    $50,332
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $211,053
    Bonus
    $11,126
    Other
    $0
    Deferred
    $22,626
    Nontaxable benefits
    $27,706
    Filer's total
    $272,511

  • Mary Square

    SENIOR DIRECTOR

    Total calculated
    $246,320
    From this org
    $206,069
    From related orgs
    $0
    Other
    $40,251
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $185,831
    Bonus
    $20,238
    Other
    $0
    Deferred
    $20,868
    Nontaxable benefits
    $19,383
    Filer's total
    $246,320

  • Christopher Waring

    SENIOR DIRECTOR

    Total calculated
    $226,095
    From this org
    $195,055
    From related orgs
    $0
    Other
    $31,040
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $185,503
    Bonus
    $9,552
    Other
    $0
    Deferred
    $19,846
    Nontaxable benefits
    $11,194
    Filer's total
    $226,095

  • John Noel

    SRS EXECUTIVE DIRECTOR

    Total calculated
    $218,452
    From this org
    $178,685
    From related orgs
    $0
    Other
    $39,767
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $166,543
    Bonus
    $12,142
    Other
    $0
    Deferred
    $18,561
    Nontaxable benefits
    $21,206
    Filer's total
    $218,452

  • Diedra Gray

    DIRECTOR OF HEALTH POLICY

    Total calculated
    $213,516
    From this org
    $180,400
    From related orgs
    $0
    Other
    $33,116
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $170,404
    Bonus
    $9,996
    Other
    $0
    Deferred
    $18,469
    Nontaxable benefits
    $14,647
    Filer's total
    $213,516

  • Jason Wilbanks

    DIRECTOR OF INFORMATION TECHNOLOGY

    Total calculated
    $195,631
    From this org
    $157,274
    From related orgs
    $0
    Other
    $38,357
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $148,129
    Bonus
    $9,145
    Other
    $0
    Deferred
    $16,860
    Nontaxable benefits
    $21,497
    Filer's total
    $195,631

  • Christen Whittington

    DIRECTOR OF ORGANIZATIONAL AFFAIRS

    Total calculated
    $192,513
    From this org
    $167,163
    From related orgs
    $0
    Other
    $25,350
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $158,657
    Bonus
    $8,506
    Other
    $0
    Deferred
    $17,183
    Nontaxable benefits
    $8,167
    Filer's total
    $192,513

  • Andrew Sampson

    SOFTWARE DEVELOPMENT MANAGER

    Total calculated
    $171,522
    From this org
    $136,420
    From related orgs
    $0
    Other
    $35,102
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $128,501
    Bonus
    $7,919
    Other
    $0
    Deferred
    $14,540
    Nontaxable benefits
    $20,562
    Filer's total
    $171,522

  • Eric Olson MD

    PRESIDENT

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

  • Andrew Summers

    DIRECTOR OF FINANCE (OUTGOING 2024)

    Total calculated
    $58,118
    From this org
    $51,730
    From related orgs
    $0
    Other
    $6,388
    Hours/week
    40

  • William Rohe

    DIRECTOR OF FINANCE (INCOMING 2024)

    Total calculated
    $57,388
    From this org
    $54,173
    From related orgs
    $0
    Other
    $3,215
    Hours/week
    40

  • James Rowley MD

    IMMEDIATE PAST PRESIDENT

    Total calculated
    $45,415
    From this org
    $45,415
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Anita Shelgikar MD Mhpe

    PRESIDENT-ELECT

    Total calculated
    $45,000
    From this org
    $45,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Michael Hefner

    DIRECTOR OF FINANCE (INCOMING & OUTGOING 2024)

    Total calculated
    $35,520
    From this org
    $34,849
    From related orgs
    $0
    Other
    $671
    Hours/week
    40

  • Fariha Abbasi-Feinberg MD

    SECRETARY-TREASURER

    Total calculated
    $30,750
    From this org
    $30,750
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Lynn Marie Trotti MD Msc

    DIRECTOR

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

  • Emerson Wickwire PhD Faasm

    DIRECTOR

    Total calculated
    $17,700
    From this org
    $17,700
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Alexandre Rocha Abreu MD

    DIRECTOR

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

  • Indira Gurubhagavatula MD MPH

    DIRECTOR

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

  • Vishesh Kapur MD MPH

    DIRECTOR

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

  • David Kuhlmann MD

    DIRECTOR

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

  • Susheel Patil MD PhD

    DIRECTOR

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

  • Anuja Bandyopadhyay Mbbs MD

    DIRECTOR (INCOMING 2024)

    Total calculated
    $10,000
    From this org
    $10,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Jennifer Martin PhD

    IMMEDIATE PAST PRESIDENT (OUTGOING 2024)

    Total calculated
    $9,415
    From this org
    $9,415
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

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.

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 $2,035,871 · share of assets $137,079

    Directly controlled by AMERICAN ACADEMY OF SLEEP MEDICINE

Provenance

Return type
form_990
Tax year
2024
Filed
5 November 2025
IRS schema version
2024v5.2
Source object
202513109349302051

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