American College Of Gastroenterology Inc
- Assets
- $294.1m
- Revenue
- $33.2m
- Investments
- $8.2m
- Employees
- 47
- Location
- North Bethesda, MD
- Founding
- 06/1954
- Data as of
- 12/2021
- EIN
- 13-1883814
Organization Overview
American College Of Gastroenterology Inc is located in North Bethesda, MD. The organization was established in 1954. According to its NTEE Classification (H70) the organization is classified as: Digestive Diseases & Disorders Research, under the broad grouping of Medical Research and related organizations. As of 12/2023, American College Of Gastroenterology Inc employed 47 individuals. This organization is the central organization for a national or regional group of organizations. American College Of Gastroenterology Inc 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 12/2021, American College Of Gastroenterology Inc generated $33.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.9% each year. All expenses for the organization totaled $16.6m during the year ending 12/2021. While expenses have increased by 3.1% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, American College Of Gastroenterology Inc has awarded 159 individual grants totaling $9,595,283. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO ADVANCE THE PRACTICE, STUDY AND SCIENCE OF GASTROENTEROLOGY
Describe the Organization's Program Activity:
JOURNAL AND PUBLICATIONS-PROVIDES INFORMATION ON RECENT DEVELOPMENTS IN GASTROENTEROLOGICAL RESEARCH, THE CHANGING HEALTH CARE SYSTEMS AND SPECIAL PROBLEMS FACED BY THE INDUSTRY TODAY.
ANNUAL AND REGIONAL CONFERENCES, SEMINARS, MEETINGS AND COMMITTEES - PROVIDES EDUCATIONAL INFORMATION ON KEY INTERESTS TO THE GASTROENTEROLOGICAL INDUSTRY INCLUDING GOVERNMENT REGULATIONS & RESEARCH DEVELOPMENTS.
ACG RESEARCH INSTITUTE-COORDINATE THE PLANNING & DEVELOPMENT OF COMPREHENSIVE EDUCATIONAL AWARENESS & RESEARCH INITIATIVES TO ADVANCE THE UNDERSTANDING, DIAGNOSIS AND OPTIMAL MANAGEMENT OF GERD AND OTHER GASTROINTESTINAL DISORDERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Costas Kefalas Secretary | OfficerTrustee | 1 | $0 |
David A Greenwald Board Member | Trustee | 5 | $40,596 |
Immanuel K H Ho Board Member | Trustee | 1 | $750 |
Patrick E Young Board Member | Trustee | 1 | $750 |
Amy S Oxentenko Vice President | OfficerTrustee | 10 | $1,750 |
Dr Irving M Pike Administrative Trustee | OfficerTrustee | 5 | $4,500 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cme Universe It | 12/30/22 | $475,050 |
Rcs Llc It | 12/30/22 | $453,125 |
Within3 It | 12/30/22 | $225,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $2,959,423 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,437,413 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,396,836 |
| Total Program Service Revenue | $9,796,291 |
| Investment income | $5,167,787 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $3,985,714 |
| Net Rental Income | $1,090,596 |
| Net Gain/Loss on Asset Sales | $8,579,364 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $33,197,457 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $949,834 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $180,139 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,464,743 |
| Compensation of current officers, directors, key employees. | $225,642 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,921,892 |
| Pension plan accruals and contributions | $156,600 |
| Other employee benefits | $398,975 |
| Payroll taxes | $292,666 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $36,992 |
| Fees for services: Accounting | $45,846 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $435,682 |
| Advertising and promotion | $74,680 |
| Office expenses | $1,483,953 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $352,836 |
| Travel | $629,846 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,219,698 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,475 |
| Insurance | $156,435 |
| All other expenses | $1,496,741 |
| Total functional expenses | $16,588,835 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $25,170,974 |
| Pledges and grants receivable | $28,029 |
| Accounts receivable, net | $1,406,751 |
| 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 | $273,358 |
| Net Land, buildings, and equipment | $369 |
| Investments—publicly traded securities | $258,925,445 |
| Investments—other securities | $8,214,472 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $120,187 |
| Total assets | $294,139,585 |
| Accounts payable and accrued expenses | $1,473,719 |
| Grants payable | $0 |
| Deferred revenue | $6,517,897 |
| 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 | $120,186 |
| Total liabilities | $8,111,802 |
| Net assets without donor restrictions | $269,345,221 |
| Net assets with donor restrictions | $16,682,562 |
| 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 | $294,139,585 |
Grants Awarded
Over the last fiscal year, American College Of Gastroenterology Inc has awarded $1,527,163 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
FRED HUTCHINSON CANCER RESEARCH CENTER PURPOSE: HEALTH EQUITY RESEARCH AWARD | $50,000 |
UNIVERSITY OF MICHIGAN PURPOSE: JUNIOR FACULTY DEVELOPMENT GRANT AND CLINICAL RESEARCH AWARDCLINAL RESEARCH GRANTCLINICAL RESEARCH GRANT & JUNIOR FACULTY DEVELOPMENT GRANT | $364,000 |
BAYLOR SCOTT & WHITE HEALTH PURPOSE: CLINICAL RESEARCH AWARD | $15,000 |
CEDARS-SINAI MEDICAL CENTER PURPOSE: JUNIOR FACULTY DEVELOPMENT GRANT AND CLINICAL RESEARCH GRANT | $147,271 |
BAYLOR COLLEGE OF MEDICINE PURPOSE: HEALTH EQUITY RESEARCH AWARD | $47,022 |
MASSACHUSETTS GENERAL HOSPITAL PURPOSE: JUNIOR FACULTY DEVELOPMENT GRANT | $150,000 |