Society For Vascular Surgery Foundation
- Assets
- $7.4m
- Revenue
- $998.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Rosemont, IL
- Founding
- 02/2004
- Data as of
- 03/2023
- EIN
- 04-3580038
Organization Overview
Society For Vascular Surgery Foundation is located in Rosemont, IL. The organization was established in 2004. According to its NTEE Classification (G43) the organization is classified as: Heart & Circulatory System Diseases & Disorders, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Society For Vascular Surgery Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 03/2023, Society For Vascular Surgery Foundation generated $998.4k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 12.1% each year . All expenses for the organization totaled $1.1m during the year ending 03/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Society For Vascular Surgery Foundation has awarded 69 individual grants totaling $4,242,949. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT THE DEVELOPMENT OF VASCULAR SURGERY RESEARCH BY PROVIDING RESEARCH GRANTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESEARCH INITIATIVES - ISSUED VARIOUS GRANT AWARDS FOR BASIC ANDCLINICAL RESEARCH GRANTS TO VASCULAR SCIENTISTS. AWARDS INCLUDED THEK08 AWARD, K28 AWARD, WYLIE SCHOLAR AWARD, STUDENT RESEARCH FELLOWSHIP,VRIC SCHOLARSHIP, GEMSSTAR GRANT, AND WYLIE TRAVELING FELLOWSHIP.
PUBLIC EDUCATION AND OUTREACH - COMMUNITY OUTREACH THROUGH MEMBERS IN COMMUNITY PRACTICE AND PREVENTION AND AWARENESS THROUGH PATIENT EDUCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peter F Lawrence Chair/director | OfficerTrustee | 3 | $0 |
Ali F Aburahma MD Svs Immediate Past President | Trustee | 0.5 | $0 |
Keith D Calligaro MD Director | Trustee | 2 | $0 |
Michael C Dalsing MD Svs President | Trustee | 0.5 | $0 |
Raul J Guzman MD Director | Trustee | 2 | $0 |
Joseph P Hart MD Mhl Facs Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $422,888 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $459,723 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $882,611 |
| Total Program Service Revenue | $0 |
| Investment income | $184,328 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$12,886 |
| Net Income from Fundraising Events | -$55,627 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $998,426 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $566,000 |
| Grants and other assistance to domestic individuals. | $50,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $266,605 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $46,096 |
| Payroll taxes | $22,934 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,673 |
| Fees for services: Accounting | $22,030 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $34,376 |
| Fees for services: Other | $3,554 |
| Advertising and promotion | $200 |
| Office expenses | $23,623 |
| Information technology | $8,203 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $2,792 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $11,097 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,105 |
| All other expenses | $3,168 |
| Total functional expenses | $1,074,567 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $611,868 |
| Savings and temporary cash investments | $2,053,054 |
| Pledges and grants receivable | $259,899 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $28,151 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $4,489,791 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,442,763 |
| Accounts payable and accrued expenses | $106,703 |
| Grants payable | $673,000 |
| Deferred revenue | $258,530 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $300,095 |
| Total liabilities | $1,338,328 |
| Net assets without donor restrictions | $1,448,596 |
| Net assets with donor restrictions | $4,655,839 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $7,442,763 |
Grants Awarded
Over the last fiscal year, Society For Vascular Surgery Foundation has awarded $566,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
WEST VIRGINIA UNIVERSITY RESEARCH CORPORATION PURPOSE: K AWARD | $250,000 |
THE REGENTS OF THE UNIVERSITY OF CALIFORNIA PURPOSE: SEED GRANT | $25,000 |
UNIVERSITY OF FLORIDA BOARD OF TRUSTEES PURPOSE: K AWARD | $150,000 |
UNIVERSITY OF MASSACHUSETTS CHAN MEDICAL SCHOOL PURPOSE: VISTA PILOT PROJECT GRANT | $86,000 |
THE TRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA PURPOSE: VISTA PILOT PROJECT GRANT | $55,000 |