American Society For Surgery Of The Hand
- Assets
- $36.0m
- Revenue
- $18.9m
- Investments
- $0.0
- Employees
- 25
- Location
- Chicago, IL
- Founding
- 05/2013
- Data as of
- 12/2022
- EIN
- 31-6051199
Organization Overview
American Society For Surgery Of The Hand is located in Chicago, IL. The organization was established in 2013. According to its NTEE Classification (G03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. As of 12/2022, American Society For Surgery Of The Hand employed 25 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Society For Surgery Of The Hand 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 Society For Surgery Of The Hand generated $18.9m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 8.8% each year. All expenses for the organization totaled $10.9m during the year ending 12/2022. While expenses have increased by 1.5% per year over the past 6 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.
Since 2017, American Society For Surgery Of The Hand has awarded 100 individual grants totaling $13,318,250. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO ADVANCE THE SCIENCE AND PRACTICE OF HAND AND UPPER EXTREMITY SURGERY THROUGH EDUCATION, RESEARCH AND ADVOCACY ON BEHALF OF PATIENTS AND PRACTITIONERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ANNUAL MEETING: : THE 2022 ANNUAL MEETING TOOK PLACE IN BOSTON, MA. OVER 2,800 INDIVIDUALS REGISTERED FOR THE MEETING. SEVENTEEN PRE AND POST COURSES WERE OFFERED OUTSIDE OF THE SESSIONS INCLUDED WITH REGISTRATION. THE TOPICS THEY COVERED INCLUDED, BUT WERE NOT LIMITED TO, MUSCULOSKELETAL ULTRASOUND, CARPAL INSTABILITY, TREATMENT OF NERVE INJURIES, ELBOW, SCAPHOID FRACTURES, WRIST ARTHROSCOPY, DIVERSITY, DISTAL RADIUS FRACTURES, UPPER EXTREMITY FLAPS, WALANT, MUSICIAN AND ELITE ATHLETE SURGERY, ULNAR SIDED WRIST PAIN, ACADEMIC CAREER BUILDING, TENDON AND NERVE TRANSFER, AND NONUNIONS AND MALUNIONS BELOW THE ELBOW. THERE WAS A SUB MEETING, WHICH WAS FOR THE FURTHERING EDUCATION OF RESIDENTS AND FELLOWS. THERE WERE ALSO SEVERAL SCIENTIFIC SESSIONS IN WHICH DOCTORS REPORT ON AND DISCUSS DIFFERENT SURGICAL TECHNIQUES RESEARCHED AND USED IN UPPER EXTREMITY CARE. ALMOST EVERY EVENT AT OUR ANNUAL MEETING IS PRODUCED TO SERVE OUR MISSION OF ADVANCING THE SCIENCE AND PRACTICE OF HAND AND UPPER EXTREMITY SURGERY.
EDUCATION MATERIALS: : INCLUDED IN HERE ARE THE JOURNAL OF HAND SURGERY, SELF-ASSESSMENT EXAM AND ALL PUBLICATIONS OFFERED BY ASSH. THE SELF-ASSESSMENT EXAM IS PRODUCED BY ASSH EVERY YEAR AND IS A SELF-STUDY PROGRAM WHICH MEMBERS USE TO MAKE SURE THEY ARE CURRENT WITH THEIR HAND SURGERY KNOWLEDGE. IN 2022 THERE WERE 2,229 REGISTRANTS. THE EXAMINATION IS OFFERED AS A CONVENIENT SELF-EDUCATION EXERCISE BY THE SOCIETY AND IS AVAILABLE TO THE MEDICAL PROFESSION, ESPECIALLY THOSE HEALTH CARE PROFESSIONALS FOCUSING ON THE CARE OF THE HAND AND UPPER EXTREMITY. DESIGNED TO ASSIST THE PHYSICIAN IN REVIEWING BASIC PRINCIPLES OF HAND CARE, THE EXAM ALSO HELPS TO KEEP THE PHYSICIAN ABREAST OF NEW DEVELOPMENTS AND CONCEPTS WITHIN THE SPECIALTY. THE EXAMINATION COVERS DIAGNOSTIC AND THERAPEUTIC PROBLEMS, BOTH SURGICAL AND NON-OPERATIVE, BASIC SCIENCE KNOWLEDGE, AND FUNDAMENTAL PRINCIPLES OF HAND SURGERY. THE INTERPRETATION OF THE ILLUSTRATIVE MATERIAL (CLINICAL PHOTOGRAPHS AND RADIOGRAPHS) IS AN INTEGRAL PART OF THE EXAMINATION. THE JOURNAL OF HAND SURGERY IS THE FLAGSHIP PUBLICATION OF THE AMERICAN SOCIETY FOR SURGERY OF THE HAND. THE JHS OFFERS ORIGINAL, PEER-REVIEWED ARTICLES REFLECTING CLINICAL AND BASIC SCIENCE RESEARCH AS WELL AS SURGICAL TECHNIQUES RELATED TO DISEASES AND CONDITIONS OF THE UPPER EXTREMITY. THE PUBLICATION CURRENTLY HAS ABOUT 5,000 PAYING SUBSCRIBERS AND IS GIVEN TO ACTIVE MEMBERS OF THE ASSH AS PART OF THEIR MEMBERSHIP. THE JOURNAL IS PUBLISHED BY ELSEVIER INC., THROUGH A LONG-TERM CONTRACT WITH THE HAND SOCIETY. ALL EDITORIAL TASKS ARE PERFORMED BY AN EDITOR IN CHARGE AND DEPUTY EDITORS WHO ARE ALL ACTIVE MEMBERS OF THE SOCIETY. OUR CONTRACT WITH ELSEVIER PROVIDES FOR GUARANTEED ROYALTIES WHICH PROVIDE A MAIN SOURCE OF THE SOCIETY'S REVENUE. PUBLICATIONS OFFERED BY ASSH INCLUDE THE ASSH TEXTBOOK WHICH IS COMPRISED OF 81 CHAPTERS THAT COMPREHENSIVELY COVER THE FULL CURRICULUM OF HAND AND UPPER EXTREMITY SURGERY, FEATURING OVER 2000 IMAGES AND NEARLY 140 TECHNIQUE VIDEOS. DOZENS OF INFORMATIONAL BROCHURES, TRADITIONAL PRINT BOOKS AND E-BOOKS ARE ALSO AVAILABLE COVERING A WIDE RANGE OF TOPICS RELATED TO HAND AND UPPER EXTREMITY SURGERY.
IN 2022 ASSH CONTRIBUTED $750,000 TO AFSH. THROUGH THE COMBINED SUPPORT OF DONORS AND ASSH, AFSH WILL BE ABLE TO FURTHER THEIR FUNDING OF RESEARCH EFFORTS TO ENHANCE TREATMENT OF AND PREVENT HAND AND UPPER EXTREMITY DIFFICULTIES. FUNDING FOR EDUCATION OF HAND SURGEONS IS ALSO PROVIDED BY AFSH IN ORDER TO FURTHER ENHANCE THE SKILL SET OF HAND AND UPPER EXTREMITY SURGEONS. OUTREACH INITIATIVES ARE ALSO FUNDED BY THE SUPPORT OF DONORS AND ASSH. THESE INITIATIVES INCLUDE, BUT ARE NOT LIMITED TO, NUMEROUS MISSIONS TO UNDER DEVELOPED COUNTRIES TO PROVIDE FREE SURGERY AND CONSULTATION AND DOMESTIC OUTREACH DAYS TO PROVIDE FREE SERVICES IN VARIOUS CITIES THROUGHOUT THE US TO THOSE WITHOUT ACCESS TO HAND AND UPPER EXTREMITY CARE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daniel Osei Member-At-Large | Trustee | 1 | $0 |
Tamara D Rozenthal MD Vice President | OfficerTrustee | 3 | $25,000 |
A Bobby Chhabra Treasurer | OfficerTrustee | 5 | $0 |
Jeffrey A Greenberg Immediate Past President | OfficerTrustee | 1 | $0 |
Ryan Calfee Research Division Director | Trustee | 2 | $50,000 |
Jennifer Wolf MD President | OfficerTrustee | 10 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Freeman Expo Decorator Services At Annuall Meeting | 12/30/22 | $405,589 |
Dr Brent Graham Jhs Editorial Services | 12/30/22 | $250,000 |
Elsevier Member Jhs Subscriptions | 12/30/22 | $247,945 |
Chicago Law Partners Legal Services | 12/30/22 | $141,646 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $1,213,537 |
| Government grants | $75,957 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,186,310 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,475,804 |
| Total Program Service Revenue | $8,383,372 |
| Investment income | $821,974 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $114,250 |
| Net Rental Income | $89,060 |
| Net Gain/Loss on Asset Sales | $6,689,577 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $257,998 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $18,911,269 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,645,567 |
| Grants and other assistance to domestic individuals. | $35,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $4,000 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,912,199 |
| Compensation of current officers, directors, key employees. | $1,307,961 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,082,652 |
| Pension plan accruals and contributions | $147,306 |
| Other employee benefits | $287,437 |
| Payroll taxes | $147,306 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $150,149 |
| Fees for services: Accounting | $25,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $28,623 |
| Fees for services: Other | $392,808 |
| Advertising and promotion | $0 |
| Office expenses | $498,833 |
| Information technology | $164,664 |
| Royalties | $0 |
| Occupancy | $63,773 |
| Travel | $549,862 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,918,548 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $492,859 |
| Insurance | $31,777 |
| All other expenses | $0 |
| Total functional expenses | $10,940,365 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $915,437 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,701,948 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $217,043 |
| Prepaid expenses and deferred charges | $318,744 |
| Net Land, buildings, and equipment | $3,337,269 |
| Investments—publicly traded securities | $29,491,296 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $35,981,737 |
| Accounts payable and accrued expenses | $1,512,585 |
| Grants payable | $0 |
| Deferred revenue | $1,988,400 |
| 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 | $782,496 |
| Total liabilities | $4,283,481 |
| Net assets without donor restrictions | $31,698,256 |
| 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 | $35,981,737 |
Grants Awarded
Over the last fiscal year, American Society For Surgery Of The Hand has awarded $1,302,500 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
FIRSIM LLC PURPOSE: BUNNELL AWARD | $20,000 |
JOHNS HOPKINS UNIVERSITY PURPOSE: GELBERMAN SCHOLAR | $15,000 |
REGENTS OF THE UNIVERSITY OF MICHIGAN PURPOSE: FAST TRACK/CLINICAL/RESEARCH/BASIC SCIENCE GRANTS/GOLDNER AWARD | $171,250 |
AMERICAN FOUNDATION FOR SURGERY OF THE HAND PURPOSE: TO SUPPORT EDUCATION, RESEARCH AND OUTREACH IN THE FIELD OF HAND SURGERY | $750,000 |
CINCINNATI CHILDREN'S HOSPITAL MEDICAL CENTER PURPOSE: JOINT AFSH/AHTF GRANT | $20,000 |
JOHNS HOPKINS UNIVERSITY PURPOSE: CLINCAL GRANT | $40,000 |