Society For Simulation In Healthcare
- Assets
- $4.8m
- Revenue
- $3.0m
- Investments
- $0.0
- Employees
- 18
- Location
- Washington, DC
- Founding
- 09/2005
- Data as of
- 06/2021
- EIN
- 26-0079656
Organization Overview
Society For Simulation In Healthcare is located in Washington, DC. The organization was established in 2005. According to its NTEE Classification (E03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Health Care and related organizations. As of 06/2021, Society For Simulation In Healthcare employed 18 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Society For Simulation In Healthcare 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 06/2021, Society For Simulation In Healthcare generated $3.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (5.6%) each year. All expenses for the organization totaled $2.5m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (7.6%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
EXCELLENCE IN HEALTHCARE EDUCATION, PRACTICE, AND RESEARCH THROUGH SIMULATION MODALITIES.
Describe the Organization's Program Activity:
INTERNATIONAL MEETING ON SIMULATION IN HEALTHCARE (IMSH): STIMULATE AND PROMOTE THE PROFESSIONAL DEVELOPMENT OF INDIVIDUALS AND INSTITUTIONS INTERESTED IN SIMULATION MODALITIES AND THEIR APPLICATIONS. THE SOCIETY'S ANNUAL MEETING BROUGH TOGETHER OVER 2,000 SIMULATION EXPERTS AND NOVICES FROM AROUND THE WORLD TO SHARE AND GAIN KNOWLEDGE ABOUT SIMULATION APPLIED TO MEDICINE.
SIMULATION IN HEALTHCARE JOURNAL:SIMULATION IN HEALTHCARE IS THE OFFICIAL JOURNAL OF THE SSH AND IS INDEXED IN MEDLINE, INCREASING THE PRESENCE IN SEARCHES FOR HEALTHCARE EXCELLENCE. A COPY OF THE JOURNAL IS PROVIDED TO EACH MEMBER OF THE ORGANIZATION.
OTHER PROGRAMS: THE SOCIETY PROVIDES VARIOUS COMMITTEES TO PROMOTE AND FACILITATE EXCELLENCE IN INTERPROFESSIONAL HEALTHCARE THROUGH ACCREDITATION, EDUCATION, CERTIFICATION, RESEARCH, AND AWARENESS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Manos Executive Director | Officer | 40 | $151,562 |
Bob Armstrong President 2020 Immediate Past President (2021) | OfficerTrustee | 5 | $7,500 |
Juli Maxworthy President-Elect (2020), President Fy21 | OfficerTrustee | 2.5 | $7,500 |
John O'donnell Treasurer | OfficerTrustee | 2.5 | $5,000 |
Kt Waxman Immediate Past President | OfficerTrustee | 2.5 | $0 |
Janice Palaganas Secretary Fy21 | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $825,984 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $253,513 |
| All other contributions, gifts, grants, and similar amounts not included above | $35,175 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,114,672 |
| Total Program Service Revenue | $1,657,372 |
| Investment income | $46,969 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $111,788 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $38,762 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,978,611 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $20,000 |
| Grants and other assistance to domestic individuals. | $555 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $173,825 |
| Compensation of current officers, directors, key employees. | $19,260 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $991,702 |
| Pension plan accruals and contributions | $19,099 |
| Other employee benefits | $111,391 |
| Payroll taxes | $90,816 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $31,926 |
| Fees for services: Accounting | $94,015 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $11,982 |
| Fees for services: Other | $320,120 |
| Advertising and promotion | $4,840 |
| Office expenses | $376,304 |
| Information technology | $109,147 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $2,725 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $42,242 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,234 |
| Insurance | $26,642 |
| All other expenses | $5,972 |
| Total functional expenses | $2,485,569 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $879,702 |
| Savings and temporary cash investments | $995,955 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $196,901 |
| 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 | $54,769 |
| Net Land, buildings, and equipment | $14,565 |
| Investments—publicly traded securities | $2,674,453 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,816,345 |
| Accounts payable and accrued expenses | $199,812 |
| Grants payable | $0 |
| Deferred revenue | $787,907 |
| 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 | $253,512 |
| Total liabilities | $1,241,231 |
| Net assets without donor restrictions | $3,131,595 |
| Net assets with donor restrictions | $443,519 |
| 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 | $4,816,345 |
Grants Awarded
Over the last fiscal year, Society For Simulation In Healthcare has awarded $20,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
THE RESEARCH FOUNDATION FOR THE STATE UNIVERSITY OF NEW YORK PURPOSE: Research Grant | $10,000 |
Houston, TX PURPOSE: Research Grant | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Society For Simulation In Healthcare has recieved totaling $5,757.
| Awarding Organization | Amount |
|---|---|
Paypal Charitable Giving Fund Washington, DC PURPOSE: General Support | $5,641 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $116 |
Endowment Analysis
| Beg. Balance | $282,969 |
| Earnings | $87,922 |
| Ending Balance | $370,891 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Drug Information Association Inc Washington, DC | $19,738,468 | $18,905,794 |
Community Health Accreditation Program Inc Arlington, VA | $22,682,316 | $18,320,268 |
Plasma Protein Therapeutics Association Annapolis, MD | $7,828,244 | $13,003,501 |
American Podiatric Medical Assoc Bethesda, MD | $21,176,179 | $13,540,711 |
Association Of Womens Health Obstetric And Neonatal Nurses Washington, DC | $13,892,759 | $13,409,366 |
Maryland Hospital Association Incorporated Elkridge, MD | $38,009,436 | $21,113,999 |
American Health Law Association Washington, DC | $23,085,368 | $9,214,718 |
Parenteral Drug Association Inc Bethesda, MD | $14,078,226 | $8,044,773 |
National Pharmaceutical Council Inc Washington, DC | $24,620,287 | $8,284,643 |
National Association Of Childrens Hospitals Inc Washington, DC | $18,366,386 | $8,000,690 |
National Association For Home Care Washington, DC | $12,583,003 | $7,979,825 |
National Minority Health Association Owings Mills, MD | $1,141,294 | $7,237,728 |