Society Of Facet Surgical Techniques And Technologies Inc
- Assets
- $282.0
- Revenue
- $2.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Fort Lauderdale, FL
- Founding
- 11/2009
- Data as of
- 12/2021
- EIN
- 26-3109987
Organization Overview
Society Of Facet Surgical Techniques And Technologies Inc is located in Fort Lauderdale, FL. The organization was established in 2009. According to its NTEE Classification (H40) the organization is classified as: Diseases of Specific Organs Research, under the broad grouping of Medical Research and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Society Of Facet Surgical Techniques And Technologies 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 12/2021, Society Of Facet Surgical Techniques And Technologies Inc generated $2.1k 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 (45.7%) each year. All expenses for the organization totaled $3.3k 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
OPERATE AS A SOCIETY FOR THE PURPOSE OF ADVANCING SCIENTIFIC RESEARCH AND THE EXCHANGE OF IDEAS BETWEEN SURGEONS. THE ORGANIZATION HAS NO PROFIT MOTIVE AND INTENDS TO GENERATE REVENUE FROM, DUES, CONFERENCE ATTENDANCES OF SURGEONS AND COMPANIES TOGETHER WITH ADVERTISEMENT, AND THE POSSIBLE DEVELOPMENT OF A JOURNAL WITH PAID SUBSCRIPTIONS AND ADVERTISEMENT ON THE INTERNET.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOR RESEARCH AND DEVELOPMENT OF MEDICAL DEVICES.
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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 | $2,061 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,061 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $2,061 |
| 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. | $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 | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| 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 | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $3,284 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $282 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| 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 | $282 |
| Accounts payable and accrued expenses | $2,118 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $2,118 |
| Net assets without donor restrictions | -$1,836 |
| Net assets with donor restrictions | $0 |
| 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 | $282 |
Grants Awarded
Over the last fiscal year, Society Of Facet Surgical Techniques And Technologies Inc has awarded $60,090 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
DR MESFIN PURPOSE: RESEARCH FUND | $60,090 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American College Of Endocrinology Inc Jacksonville, FL | $6,652,790 | $7,508,958 |
Cure Childhood Cancer Inc Atlanta, GA | $4,112,651 | $8,053,096 |
International Society On Thrombosis And Haemostasis Inc Carrboro, NC | $25,182,348 | $9,872,487 |
Roskamp Institute Inc Sarasota, FL | $9,416,640 | $7,403,056 |
Dolphins Cycling Challenge Inc Miami Gardens, FL | $2,087,830 | $8,010,731 |
Institute For Medical Research Inc Durham, NC | $6,550,784 | $5,925,427 |
Pediatric Brain Tumor Foundation Of The United States Inc Atlanta, GA | $6,277,731 | $5,999,996 |
Heineman-Robicsek Foundation Inc Charlotte, NC | $7,695,245 | $5,065,349 |
Ophthalmology Research Foundation Inc Miami, FL | $78,932,137 | $9,352,354 |
Neurodegenerative Disease Research Inc Reddick, FL | $563,346 | $4,274,249 |
Epilepsy Florida Inc Miami, FL | $1,706,005 | $4,644,061 |
American Peanut Shellers Assoc Inc Albany, GA | $1,751,167 | $3,704,531 |