American Association Of Neurosurgeons Inc
- Assets
- $41.5m
- Revenue
- $10.3m
- Investments
- $1.8m
- Employees
- 60
- Location
- Rolling Meadows, IL
- Founding
- 02/1959
- Data as of
- 06/2021
- EIN
- 36-2958324
Organization Overview
American Association Of Neurosurgeons Inc, operating under the name Aans, is located in Rolling Meadows, IL. The organization was established in 1959. 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 06/2021, Aans employed 60 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Aans 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, Aans generated $10.3m 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 $11.4m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (5.5%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Aans has awarded 16 individual grants totaling $173,999. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE AANS PROMOTES THE HIGHEST QUALITY OF PATIENT CARE AND ADVANCES THE SPECIALTY OF NEUROLOGICAL SURGERY.
Describe the Organization's Program Activity:
PUBLICATIONS: A MONTHLY JOURNAL AND VARIOUS BOOKS TO EDUCATE MEMBERS AND NON-MEMBERS ABOUT NEUROSURGICAL TOPICS. APPROXIMATELY 11,817 MEMBERS SUBSCRIBE TO THE JOURNAL OF NEUROSURGERY.
THE ANNUAL MEETING: THE AANS ANNUAL SCIENTIFIC MEETING EDUCATES MEMBERS AND NON-MEMBERS ABOUT NEUROSURGICAL AND SOCIOECONOMIC TOPICS AS WELL AS PROVIDES A TRADE SHOW FOR THE SPECIALTY. AANS'S FY 2021 ANNUAL MEETING WAS CANCELED DUE TO THE COVID-19 PANDEMIC.
PROFESSIONAL DEVELOPMENT: AANS PRODUCES PROFESSIONAL DEVELOPMENT COURSES ANNUALLY TO FURTHER THE EDUCATION, TECHNICAL SKILLS AND TRAINING OF AANS MEMBERS, NON-MEMBERS, TRAINEES, OFFICE STAFF AND APPS (ADVANCED PRACTICE PROVIDERS). IN ADDITION TO ANNUAL MEETING EDUCATION, THESE COURSES MAY BE LIVE, ONLINE OR OFFERED AS WEBINARS. SOME COURSES OFFER CME OR CONTINUING EDUCATION CREDITS, DEPENDING UPON THE AUDIENCE. MOST EVERY COURSE WE OFFER IS TAUGHT BY PHYSICIAN FACULTY, APP FACULTY OR PROFESSIONAL CONSULTANT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathleen T Craig Chief Executive Officer | Officer | 15 | $396,540 |
Katherine O Orrico Washington Office Director | Officer | 50 | $282,212 |
Dennis J Rizzo CFO | Officer | 15 | $187,981 |
Anthony P Macalindong Director Of Info Services | Officer | 38 | $178,923 |
Kathryn A Dattomo Chief Development Officer | 38 | $160,894 | |
Cathy J Hill Manager, Regulatory Affairs | 38 | $149,990 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $988,845 |
| All other contributions, gifts, grants, and similar amounts not included above | $427,532 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,416,377 |
| Total Program Service Revenue | $7,373,043 |
| Investment income | $380,438 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $41,720 |
| Net Rental Income | $58,247 |
| Net Gain/Loss on Asset Sales | $1,072,708 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,342,533 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $15,599 |
| Grants and other assistance to domestic individuals. | $61,250 |
| Grants and other assistance to Foreign Orgs/Individuals | $27,750 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,483,907 |
| Compensation of current officers, directors, key employees. | $652,919 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,825,759 |
| Pension plan accruals and contributions | $274,595 |
| Other employee benefits | $1,234,370 |
| Payroll taxes | $328,945 |
| Fees for services: Management | $291,756 |
| Fees for services: Legal | $409,248 |
| Fees for services: Accounting | $95,835 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $119,351 |
| Fees for services: Other | $299,609 |
| Advertising and promotion | $98,528 |
| Office expenses | $86,573 |
| Information technology | $190,465 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $120,830 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $371,583 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $627,169 |
| Insurance | $167,823 |
| All other expenses | $0 |
| Total functional expenses | $11,412,409 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,482,712 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,042,569 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $72,915 |
| Prepaid expenses and deferred charges | $2,332,419 |
| Net Land, buildings, and equipment | $4,906,962 |
| Investments—publicly traded securities | $24,651,093 |
| Investments—other securities | $1,821,530 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $219,136 |
| Total assets | $41,529,336 |
| Accounts payable and accrued expenses | $8,938,321 |
| Grants payable | $0 |
| Deferred revenue | $4,683,860 |
| 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 | $739,347 |
| Total liabilities | $14,361,528 |
| Net assets without donor restrictions | $21,047,788 |
| Net assets with donor restrictions | $6,120,020 |
| 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 | $41,529,336 |
Grants Awarded
Over the last fiscal year, American Association Of Neurosurgeons Inc has awarded $15,599 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Schaumburg, IL PURPOSE: ASSFN Resident Award | $8,099 |
Rochester, NY PURPOSE: Neurosurgery Related Awards | $7,500 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that American Association Of Neurosurgeons Inc has recieved totaling $147,210.
| Awarding Organization | Amount |
|---|---|
Rochester Area Community Foundation Rochester, NY PURPOSE: FOR THE VAN WAGENEN FELLOWSHIP | $147,210 |
Endowment Analysis
| Beg. Balance | $17,014,394 |
| Earnings | $4,764,030 |
| Ending Balance | $21,778,424 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Academy Of Orthopedic Surgeons Rosemont, IL | $161,166,072 | $86,943,619 |
American Association Of Oral And Maxillofacial Surgeons Rosemont, IL | $41,206,566 | $22,790,496 |
Parents As Teachers National Center Inc St Louis, MO | $23,159,778 | $18,168,928 |
American Academy Of Sleep Medicine Darien, IL | $108,922,365 | $16,695,981 |
American Society For Surgery Of The Hand Chicago, IL | $41,276,599 | $13,160,683 |
American Association Of Neurosurgeons Inc Rolling Meadows, IL | $41,529,336 | $10,342,533 |
Society Of Surgical Oncology Inc Rosemont, IL | $13,679,092 | $7,112,657 |
American Society Of Neuroradiology Oak Brook, IL | $16,352,538 | $4,175,596 |
American Association Of Neurological Surgeons Inc Rolling Meadows, IL | $10,516,824 | $3,805,612 |
American Board Of Thoracic Surgery Inc Chicago, IL | $24,489,789 | $2,529,487 |
Osler Institute Terre Haute, IN | $19,048,108 | $2,627,815 |
The American College Of Psychiatrists Inc Chicago, IL | $9,840,990 | $2,254,996 |