American Institute For Medical And Bioligical Engineering
- Assets
- $4.0m
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Washington, DC
- Founding
- 09/1971
- Data as of
- 12/2022
- EIN
- 23-7089693
Organization Overview
American Institute For Medical And Bioligical Engineering is located in Washington, DC. The organization was established in 1971. According to its NTEE Classification (G92) the organization is classified as: Biomedicine & Bioengineering, 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. American Institute For Medical And Bioligical Engineering 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, American Institute For Medical And Bioligical Engineering generated $1.0m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.3%) each year. All expenses for the organization totaled $788.4k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (2.3%) per year over the past 7 years. 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
UNIFY THE BIOENGINEERING COMMUNITY, ADDRESS PUBLIC POLICY AND CONCERNS AND PROMOTE THE ENGINEERING APPROACH TO ENHANCE PEOPLE'S HEALTH AND QUALITY OF LIFE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GENERAL - WORKING WITH OTHER ORGANIZATIONS TO RECOGNIZE EXCELLENCE IN THE FIELDS OF MEDICAL AND BIOLOGICAL ENGINEERING AND EDUCATING THE PUBLIC ABOUT THE FIELDS OF MEDICAL AND BIOLOGICAL ENGINEERING.
SCHOLARS PROGRAM - PROVIDING EDUCATION TO LAWMAKERS AND THEIR STAFF ON THE FIELDS OF MEDICAL AND BIOLOGICAL ENGINEERING.
ANNUAL MEETING - PROVIDING AN ANNUAL MEETING AND OTHER CONFERENCES TO EDUCATE MEMBERS ON THE FIELDS OF MEDICAL AND BIOLOGICAL ENGINEERING AS WELL AS GOVERNMENT ACTIVITIES RELATED TOT HE FIELD OF MEDICAL AND BIOLOGICAL ENGINEERING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joyce Wong President | OfficerTrustee | 1 | $0 |
Shelly Sakiyama-Elbert Secretary-Treasurer | OfficerTrustee | 1 | $0 |
Guillermo Ameer Chair, College Of Fellows | Trustee | 1 | $0 |
Lola Eniola-Adefeso Director | Trustee | 1 | $0 |
Debra Auguste Director | Trustee | 1 | $0 |
Maribel Vazquez Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $787,883 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $39,930 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $827,813 |
| Total Program Service Revenue | $33,316 |
| Investment income | $173,377 |
| 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 | $1,034,677 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $263,448 |
| Compensation of current officers, directors, key employees. | $73,766 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $158,055 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $89,550 |
| Payroll taxes | $25,596 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $80 |
| Fees for services: Accounting | $8,628 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $15,751 |
| Information technology | $12,881 |
| Royalties | $0 |
| Occupancy | $56,418 |
| Travel | $4,434 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $68,961 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,770 |
| Insurance | $3,717 |
| All other expenses | $7,223 |
| Total functional expenses | $788,412 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,389,164 |
| Savings and temporary cash investments | $2,590,940 |
| 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 | $1,140 |
| Net Land, buildings, and equipment | $4,826 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $23,968 |
| Total assets | $4,010,038 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $624,546 |
| 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 | $23,116 |
| Total liabilities | $647,662 |
| Net assets without donor restrictions | $3,142,546 |
| Net assets with donor restrictions | $219,830 |
| 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 | $4,010,038 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Biophysical Society Rockville, MD | $20,441,858 | $4,861,761 |
Biomedical Engineering Society Landover, MD | $5,517,133 | $3,582,789 |
Council For Biotechnology Information Washington, DC | $0 | $2,024,655 |
American Institute For Medical And Bioligical Engineering Washington, DC | $4,010,038 | $1,034,677 |
Arm Foundation For Regenerative Medicine Education & Research Baltimore, MD | $154,131 | $0 |
Virginia Biomedical Association Locust Grove, VA | $25,736 | $0 |
Schmincke Research Alliance Inc Towson, MD | $604,359 | $0 |