Society Of Black Academic Surgeons Inc
- Assets
- $1.5m
- Revenue
- $673.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 08/1994
- Data as of
- 12/2022
- EIN
- 16-1444395
Organization Overview
Society Of Black Academic Surgeons Inc is located in Chicago, IL. The organization was established in 1994. According to its NTEE Classification (G03) the organization is classified as: Professional Societies & Associations, 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 Of Black Academic Surgeons 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 12/2022, Society Of Black Academic Surgeons Inc generated $673.1k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 14.4% each year . All expenses for the organization totaled $456.3k during the year ending 12/2022. While expenses have increased by 6.9% per year over the past 4 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO INCREASE AND ELEVATE THE LEVEL OF SCIENTIFIC RESEARCH BY BLACK SURGEONS WHO ARE ALSO IN THE FIELD OF ACADEMICS. TO IMPROVE HEALTH, ADVANCE SCIENCE, AND FOSTER CAREERS OF AFRICAN AMERICAN AND OTHER UNDERREPRESENTED MINORITY SURGEONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ANNUAL MEETING-ANNUAL MEETING ALLOWS SURGEONS IN THE FIELD OF ACADEMICS TO SHARE WITH THEIR PEERS, SCIENTIFIC DATA AND TECHNIQUES THEY HAVE RESEARCHED AND DEVELOPED. IT ALSO ALLOWS INSTITUTIONS AND COMMERCIAL COMPANIES THE OPORTUNITY TO SHARE THEIR LATEST PROGRAMS AND PRODUCTS WITH ACADEMIC SURGEONS. TOTAL ATTENDEES AT 2022 MEETING WAS APPROXIMATELY 364.
EXECUTIVE COACHING PROGRAM, PROMISING LEADERS PROGRAM, MYANONYMOUS APP, ASSOCIATION OF WOMEN SURGEONS HIGH SCHOOL PROGRAM. PROGRAMS ORIENTED TO, TRAINING AND REFINING THE MANAGEMENT AND PERSONAL INTERACTION SKILLS OF ESTABLISHED MEMBERS IN THE MEDICAL EDUCATIONAL FIELD, GUIDENCE TO UP AND COMING ADVANCEMENT MOTIIVATED MEMBERS TO ENSURE THE CONTINUANCE OF THE STANDARDS OF THE SOCIETY AND THE PROFESSION, OUTREACH TO HIGH SCHOOL WOMEN WITH AN INTEREST IN SURGERY AND MEDICINE.
CREATION AND MAINTENANCE OF WEBSITE FOR MEMBERS AND NON-MEMBERS ENABLEING THEM TO MEET EACH OTHER TO EXCHANGE IDEAS, INFORMATION, AND RESEARCH. THE WEBSITE IS ALSO USED TO KEEP ALL INTERESTED PARTIES ABREAST OF THE EVENTS AND NEWS OF, AND SURROUNDING, THE ORGANIZATION ALONG WITH DEVELOPMENTS IN THE FIELD OF ACADEMIC MEDICINE. MEMBERS, FOR A FEE, POST JOB OPENINGS FOR PROFESSIONALS IN THE FIELD OF ACADEMIC SURGERY AND MEDICINE.
DONATIONS GIVEN TO MEDICAL SCHOOLS, UNIVERSITIES, AND INDIVIDUALS IN THE FIELD OF MEDICAL ACADEMICS FOR THE BENEFIT OF MINORITY STUDENTS ATTENDING AND PARTICIPATING IN MEDICAL EDUCATIONAL PROGRAMS. AWARDEES ARE CHOSEN BY A COMMITTE WHICH IS ASSEMMBLED BY THE BOARD OF DIRECTORS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anthony Stallion MD Past-President | Trustee | 5 | $0 |
Andrea Hayes-Dixon MD Past-President | Trustee | 5 | $0 |
Patricia Turner MD Past-President | Trustee | 5 | $0 |
Orlando Kirton MD Past-President | Trustee | 5 | $0 |
Malcolm Brock MD Past-President | Trustee | 5 | $0 |
Martin Karpeh MD Past-President | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $247,478 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $155,518 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $402,996 |
| Total Program Service Revenue | $256,867 |
| Investment income | $10,667 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $673,068 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $101,500 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $55,000 |
| Fees for services: Legal | $3,049 |
| Fees for services: Accounting | $800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $5,222 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $55 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $2,415 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $195,445 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $1,446 |
| Total functional expenses | $456,340 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $644,531 |
| Savings and temporary cash investments | $554,759 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $272,138 |
| 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 | $3,069 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,474,497 |
| Accounts payable and accrued expenses | $399,072 |
| Grants payable | $0 |
| Deferred revenue | $142,715 |
| 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 | $0 |
| Total liabilities | $541,787 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $562,132 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $370,578 |
| Total liabilities and net assets/fund balances | $1,474,497 |