Society For Vascular Surgery
- Assets
- $26.7m
- Revenue
- $14.4m
- Investments
- $0.0
- Employees
- 67
- Location
- Rosemont, IL
- Founding
- 06/1987
- Data as of
- 03/2023
- EIN
- 22-2990719
Organization Overview
Society For Vascular Surgery is located in Rosemont, IL. The organization was established in 1987. According to its NTEE Classification (G9B) the organization is classified as: Surgical Specialties, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. As of 03/2023, Society For Vascular Surgery employed 67 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Society For Vascular Surgery is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 03/2023, Society For Vascular Surgery generated $14.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.5% each year. All expenses for the organization totaled $13.7m during the year ending 03/2023. While expenses have increased by 6.9% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE VASCULAR HEALTH THROUGH ADVANCING SCIENCE & PRACTICE OF VASCULAR DISEASE MANAGEMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION - SVS HOSTS AN ANNUAL MEETING AND TRADE SHOW TO PROMOTE THE STUDY AND RESEARCH OF VASCULAR DISEASES, DEFINE THE ROLE OF VASCULAR SURGERY, AND STANDARDIZE THE METHODS OF STUDY. IN ADDITION, SVS OFFERS EDUCATIONAL COURSES AND PROGRAMS TO PROMOTE THE STUDY OF VASCULAR DISEASES, EXPAND KNOWLEDGE OF SUCH DISEASES, AND ENCOURAGE GROWTH IN THE FIELD.
RESEARCH - ENCOURAGE THE INTEREST AND DEVELOPMENT OF INVESTIGATORS BY PROVIDING A FORUM FOR COLLABORATION AND DISSEMINATION OF ADVANCEMENTS IN OUTCOMES, COMPARATIVE EFFECTIVENESS, CLINICAL, TRANSLATIONAL, AND BASIC SCIENCE RESEARCH.
QUALITY PRACTICE - SOUGHT IMPROVEMENT OF PATIENT SAFETY AND QUALITY OF HEALTH CARE DELIVERY BY PROVIDING WEB-BASED COLLECTION, AGGREGATION, AND ANALYSIS OF CLINICAL DATA.
PUBLICATIONS - THE JOURNAL OF VASCULAR SURGERY IS DEDICATED TO THE SCIENCE AND ART OF VASCULAR SURGERY AND AIMS TO BE THE PREMIER INTERNATIONAL JOURNAL OF MEDICAL ENDOVASCULAR AND SURGICAL CARE OF VASCULAR DISEASES. THE GOAL OF THE JOURNAL IS TO IMPROVE THE MANAGEMENT OF PATIENTS WITH VASCULAR DISEASES BY PUBLISHING RELEVANT PAPERS THAT REPORT MEDICAL, SURGICAL, AND ENDOVASCULAR ADVANCES, TEST NEW HYPOTHESES, AND ADDRESS CURRENT CONTROVERSIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael C Dalsing MD President | OfficerTrustee | 3 | $0 |
Ali F Aburahma MD Immediate Past President | OfficerTrustee | 2 | $0 |
Joseph L Mills MD President-Elect | OfficerTrustee | 2 | $0 |
Matthew J Eagleton MD Vice President | OfficerTrustee | 2 | $0 |
William P Schutze MD Secretary | OfficerTrustee | 2 | $0 |
Keith D Calligaro MD Treasurer | OfficerTrustee | 2 | $1,826 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Fivos Management Services | 3/30/23 | $740,640 |
Rillahan & Associates Rent/professional Services | 3/30/23 | $550,843 |
American Academy Of Orthopaedic Surgeons Rent/operating And Utilities | 3/30/23 | $436,581 |
Levy Restaurants Food/services | 3/30/23 | $367,565 |
Freeman Professional Services | 3/30/23 | $202,532 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,558,340 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,558,340 |
| Total Program Service Revenue | $12,099,980 |
| Investment income | $395,416 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $315,834 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$69,882 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $14,367,638 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $40,000 |
| Grants and other assistance to domestic individuals. | $36,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $662,094 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,288,034 |
| Pension plan accruals and contributions | $142,005 |
| Other employee benefits | $613,553 |
| Payroll taxes | $368,561 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $13,185 |
| Fees for services: Accounting | $51,413 |
| Fees for services: Lobbying | $58,825 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $71,372 |
| Fees for services: Other | $662,445 |
| Advertising and promotion | $21,278 |
| Office expenses | $221,323 |
| Information technology | $848,645 |
| Royalties | $0 |
| Occupancy | $401,111 |
| Travel | $378,870 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,506,429 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $969,300 |
| Insurance | $105,349 |
| All other expenses | $420,162 |
| Total functional expenses | $13,745,378 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,044,763 |
| Savings and temporary cash investments | $8,870,237 |
| Pledges and grants receivable | $120,340 |
| Accounts receivable, net | $367,256 |
| 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 | $615,912 |
| Net Land, buildings, and equipment | $1,310,295 |
| Investments—publicly traded securities | $7,089,629 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $1,663,394 |
| Other assets | $2,624,387 |
| Total assets | $26,706,213 |
| Accounts payable and accrued expenses | $1,250,316 |
| Grants payable | $0 |
| Deferred revenue | $5,255,080 |
| 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 | $2,763,898 |
| Total liabilities | $9,269,294 |
| Net assets without donor restrictions | $16,949,481 |
| Net assets with donor restrictions | $487,438 |
| 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 | $26,706,213 |
Grants Awarded
Over the last fiscal year, Society For Vascular Surgery has awarded $30,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
RUTGERS THE STATE UNIVERSITY PURPOSE: RESEARCH SEED GRANT | $10,000 |
DUKE UNIVERSITY PURPOSE: RESEARCH SEED GRANT | $10,000 |
VASCULAR SURGERY ASSOCIATES PURPOSE: RESEARCH SEED GRANT | $10,000 |