American College Of Surgeons
- Assets
- $596.0m
- Revenue
- $134.6m
- Investments
- $255.3m
- Employees
- 493
- Location
- Chicago, IL
- Founding
- 12/1939
- Data as of
- 06/2020
- EIN
- 36-2192800
Organization Overview
American College Of Surgeons is located in Chicago, IL. The organization was established in 1939. According to its NTEE Classification (B60) the organization is classified as: Adult Education, under the broad grouping of Education and related organizations. As of 06/2021, American College Of Surgeons employed 493 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American College Of Surgeons 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 06/2020, American College Of Surgeons generated $134.6m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.8% each year. All expenses for the organization totaled $124.5m during the year ending 06/2020. While expenses have increased by 5.1% 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 2015, American College Of Surgeons has awarded 26 individual grants totaling $1,387,188. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO IMPROVE THE QUALITY OF CARE OF THE SURGICAL PATIENT THROUGH EDUCATION AND RESEARCH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MISSION OF THE ACS DIVISION OF RESEARCH AND OPTIMAL PATIENT CARE (DROPC) IS TO IMPROVE THE QUALITY OF SURGICAL CARE BY ENABLING ALL SURGEONS TO APPLY THE BEST SCIENTIFIC EVIDENCE AVAILABLE IN ALL ASPECTS OF THEIR DAILY PRACTICE WITH RESPECT, COMPASSION, AND DIGNITY FOR ALL PATIENTS. THE DROPC PROMOTES THE PRACTICE OF EVIDENCE-BASED SURGERY BY DEVELOPING NEW KNOWLEDGE THROUGH BASIC AND CLINICAL RESEARCH, THE SETTING AND VERIFICATION OF STANDARDS, DEVELOPMENT OF BEST PRACTICES AND GUIDELINES, EDUCATIONAL ACTIVITIES, AND THE COLLECTION AND MEASUREMENT OF OUTCOMES. (CONTINUED IN SCH O)
EDUCATIONAL PROGRAMS - THE COLLEGE'S EDUCATIONAL PROGRAMS HELP MEET THE NEEDS OF SURGEONS, SURGERY RESIDENTS, MEDICAL STUDENTS AND PATIENTS. THE PROGRAMS PROVIDE SURGEONS WITH OPPORTUNITIES FOR MAINTENANCE OF CERTIFICATION, FOR LIFELONG LEARNING, AND FOR MEETING THE CORECOMPETENCIES. IN ADDITION TO PROVIDING CONTINUING MEDICAL EDUCATION ACTIVITIES, THE DIVISION OF EDUCATION HAS DEVELOPED PATIENT EDUCATIONAL MATERIALS RELATIVE TO SURGICAL CARE. DIVISION EFFORTS INCLUDE STAFFING NUMEROUS EDUCATION COMMITTEES AND THE FOLLOWING PROGRAMS: (CONTINUED IN SCHEDULE O)
THE COLLEGE HAS A MEMBER SERVICES DIVISION. THROUGH MEMBER SERVICES, THE COLLEGE CONTINUES TO REMAIN A MAJOR PROFESSIONAL ASSOCIATION, WITH OVER 80,000 MEMBERS. THE DIVERSE MEMBERSHIP REPRESENTS ALL SURGICAL SPECIALISTS, AND MEMBER SURGEONS ARE PROVIDED WITH PROGRAMS ANDSERVICES THAT HELP THEM ADAPT TO A CHANGING HEALTH CARE ENVIRONMENT. THE DIVISION EVALUATES ALL APPLICATIONS FOR FELLOWSHIP BASED UPON DEFINED FELLOWSHIP REQUIREMENTS FOR PRACTICING SURGEONS, AS WELL AS ADMITS ASSOCIATE FELLOW, RESIDENT, MEDICAL STUDENT AND AFFILIATE MEMBERS. (CONTINUED IN SCH O)
DIVISION OF ADVOCACY AND HEALTH POLICY (DAHP) - THE PURPOSE OF THE HEALTH POLICY AND ADVOCACY GROUP IS TO IDENTIFY PUBLIC POLICY ISSUES AND CONCERNS AFFECTING SURGEONS AND THEIR PATIENTS. DURING 2019 THE ACS DAHP PURSUED DIFFERENT ACTIONS SUCH AS: EXPRESSING CONCERN REGARDINGPHYSICIAN PAYMENT CUTS; SUPPORTED BIPARTISAN LEGISLATION ADDRESSING SURPRISE/, TESTIFIED ON MACRA IMPLEMENTATION, AND COHOSTED A CAPITOL HILL BRIEFING ON UNANTICIPATED BILLING. IN ADDITION, THE STOP THE BLEED TRAINING PROVIDED BY ACS TO NUMEROUS MEMBERS OF CONGRESS AND THEIR STAFFS LED TO BIPARTISAN LEGISLATIONS BEING INTRODUCED IN THE US HOUSE OF REPRESENTATIVES THAT WOULD INCREASE THE NUMBER OF BLEEDING CONTROL KITS AND TRAINING COURSES AVAILABLE IN THE US.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David B Hoyt Executive Director | Officer | 38 | $1,188,692 |
Clifford Ko Director Of Research | Officer | 40 | $781,182 |
Ajit Sachdeva Director Of Education | Officer | 40 | $742,307 |
Patricia Turner Director Of Member Services | Officer | 40 | $693,685 |
Patrick V Bailey Medical Director | 40 | $652,979 | |
Frank G Opelka Medical Director | 40 | $631,098 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Clune Construction Inc Construction | 6/29/21 | $14,127,817 |
Iqvia Rds Inc Consulting | 6/29/21 | $7,070,815 |
Brunswick Group Llc Public Relations | 6/29/21 | $2,736,850 |
Ipg Dxtra Inc Marketing | 6/29/21 | $1,328,246 |
Corporate Concepts Inc Workplace Design | 6/29/21 | $2,196,990 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $24,490,356 |
| Investment income | $4,326,585 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $1,013,979 |
| Net Rental Income | $2,660,652 |
| Net Gain/Loss on Asset Sales | $12,999,564 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $134,561,979 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $1,140,185 |
| Grants and other assistance to Foreign Orgs/Individuals | $266,580 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $6,357,180 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $40,776,978 |
| Pension plan accruals and contributions | $8,938,567 |
| Other employee benefits | $7,882,099 |
| Payroll taxes | $2,969,073 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $349,326 |
| Fees for services: Accounting | $242,658 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,917,347 |
| Fees for services: Other | $7,129,614 |
| Advertising and promotion | $1,917,191 |
| Office expenses | $7,645,171 |
| Information technology | $16,249,780 |
| Royalties | $30,154 |
| Occupancy | $2,302,793 |
| Travel | $3,981,243 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,448,907 |
| Interest | $875,588 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,173,351 |
| Insurance | $465,932 |
| All other expenses | $0 |
| Total functional expenses | $124,455,383 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,650,218 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,729,503 |
| Accounts receivable, net | $36,518,120 |
| 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 | $15,370,252 |
| Investments—publicly traded securities | $131,663,465 |
| Investments—other securities | $255,348,886 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,347,829 |
| Total assets | $595,958,812 |
| Accounts payable and accrued expenses | $75,598,518 |
| Grants payable | $0 |
| Deferred revenue | $38,252,767 |
| Tax-exempt bond liabilities | $15,907,000 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $97,375,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $17,251,820 |
| Total liabilities | $244,385,105 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $351,573,707 |
Grants Awarded
Over the last fiscal year, American College Of Surgeons has awarded $467,188 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Lincoln, NE PURPOSE: SUPPORT OF RARE BOOK COLLECTION | $397,188 |
San Antonio, TX PURPOSE: GENERAL SUPPORT | $40,000 |
Washington, DC PURPOSE: GENERAL SUPPORT | $30,000 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that American College Of Surgeons has recieved totaling $4,140,568.
| Awarding Organization | Amount |
|---|---|
John A Hartford Foundation New York, NY PURPOSE: GERIATRIC SURGERY VERIFICATION (GSV) PHASE II: EVALUATION AND IMPROVEMENT | $1,987,215 |
American Cancer Society Inc Kennesaw, GA PURPOSE: Patient Support | $984,192 |
John A Hartford Foundation New York, NY PURPOSE: GERIATRIC SURGERY VERIFICATION (GSV) PHASE II: EVALUATION AND IMPROVEMENT | $620,894 |
American Academy Of Ophthalmology Inc San Francisco, CA PURPOSE: SCOPE OF SURGERY CAMPAIGNS | $300,000 |
Alliance Nctn Foundation Chicago, IL PURPOSE: INSTITUTIONAL SUPPORT FOR CANCER RESEARCH | $190,495 |
Alliance For Clinical Trials In Oncology Foundation Chicago, IL PURPOSE: CANCER RESEARCH | $40,772 |
Endowment Analysis
| Beg. Balance | $199,129,452 |
| Earnings | $64,746,787 |
| Net Contributions | $22,631 |
| Other Expense | $7,458,744 |
| Grants | $1,969,127 |
| Ending Balance | $254,470,999 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American College Of Surgeons Chicago, IL | $595,958,812 | $134,561,979 |
Education At Work Inc Indianapolis, IN | $7,418,747 | $27,265,167 |
St Coletta Of Wisconsin Inc Jefferson, WI | $22,544,522 | $20,338,471 |
Emergency Nurses Association Schaumburg, IL | $34,613,350 | $21,573,777 |
Nbi-Sems Inc Altoona, WI | $32,056,887 | $23,539,455 |
Eleven Fifty Academy Inc Indianapolis, IN | $2,885,301 | $14,569,317 |
Foundation Of The American College Of Healthcare Executives Chicago, IL | $93,480,001 | $29,930,754 |
Network Of Executive Women Inc Chicago, IL | $6,845,772 | $11,079,191 |
Accreditation Council For Continuing Medical Education Chicago, IL | $14,011,011 | $9,679,361 |
Council For Adult And Experiental Learning Indianapolis, IN | $4,495,606 | $4,303,081 |
American School Of Correspondence Lansing, IL | $11,965,469 | $5,386,399 |
Society For Academic Emergency Medicine Des Plaines, IL | $10,341,301 | $6,329,618 |