Association For The Advancement Of Wound Care
- Assets
- $330.6k
- Revenue
- $409.0k
- Investments
- $13.3k
- Employees
- 0
- Location
- Middleton, WI
- Founding
- 05/1997
- Data as of
- 12/2021
- EIN
- 23-2825819
Organization Overview
Association For The Advancement Of Wound Care is located in Middleton, WI. The organization was established in 1997. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Association For The Advancement Of Wound Care 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, Association For The Advancement Of Wound Care generated $409.0k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.8%) each year. All expenses for the organization totaled $445.0k during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO ADVANCE THE CARE OF PEOPLE WITH AND AT RISK FOR WOUNDS, THROUGH EDUCATION, NETWORKING, AND PROFESSIONAL DEVELOPMENT LEARNING OPPORTUNITIES. AAWC MAINTAINS A FELLOWSHIP DESIGNATION TO RECOGNIZE EXEMPLARY MEMBERS, HOLDS EDUCATIONAL SUMMITS, AND ONLINE LEARNING OPPORTUNITIES. AAWC ALSO CONTRIBUTES TO OUTSIDE WOUND CARE PUBLICATIONS AND JOURNALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2022, THE AAWC HELD THEIR ANNUAL CONFERENCE IN SALT LAKE CITY, UTAH FROM NOVEMBER 10TH TO THE 12TH. THE CONFERENCE THEME WAS "TECHNOLOGY IN WOUND CARE", WHERE THEY DEMONSTRATED HOW NEW TECHNOLOGIES CAN BOTH HELP IN PROVIDING THE BEST PATIENT CARE AND MAKE THE JOB EASIER AND LESS STRESSFUL. THE AAWC PRESENTED TWO JOURNAL CLUB PRESENTATIONS ON FEBRUARY 16TH AND AUGUST 24TH AND FOUR WEBINARS ON WOUND CARE SPECIFIC TOPICS WITH A COMBINED 220 REGISTRANTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Barbara Bates-Jensen President | OfficerTrustee | 1 | $0 |
Ruth Bryant Past President | OfficerTrustee | 1 | $0 |
Kara Couch President-Elect | OfficerTrustee | 1 | $0 |
William Tettelbach Treasurer | OfficerTrustee | 1 | $0 |
Marcela Farrer Secretary | OfficerTrustee | 1 | $0 |
Matthew Davis Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Association Management Partners & Execut Management Services | 12/30/21 | $229,621 |
Mci Usa Group Management Services | 12/30/21 | $130,850 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $154,855 |
| Investment income | $8,658 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $100,350 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $408,958 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| 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 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 | $360,471 |
| Fees for services: Legal | $13,604 |
| Fees for services: Accounting | $8,040 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,280 |
| Office expenses | $14,860 |
| Information technology | $12,319 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $4,558 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $11,463 |
| Interest | $19 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,973 |
| All other expenses | $0 |
| Total functional expenses | $444,952 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $55,165 |
| Savings and temporary cash investments | $26,304 |
| Pledges and grants receivable | $0 |
| 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 | $10,583 |
| Investments—publicly traded securities | $225,294 |
| Investments—other securities | $13,263 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $330,609 |
| Accounts payable and accrued expenses | $1,364 |
| Grants payable | $0 |
| Deferred revenue | $60,986 |
| 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 | $62,350 |
| Net assets without donor restrictions | $252,102 |
| Net assets with donor restrictions | $16,157 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $268,259 |