Wood Library-Museum Of Anesthesiology
- Assets
- $15.6m
- Revenue
- $3.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Schaumburg, IL
- Founding
- 08/1989
- Data as of
- 12/2022
- EIN
- 36-3573324
Organization Overview
Wood Library-Museum Of Anesthesiology is located in Schaumburg, IL. The organization was established in 1989. According to its NTEE Classification (A57) the organization is classified as: Science & Technology Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wood Library-Museum Of Anesthesiology 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, Wood Library-Museum Of Anesthesiology generated $3.3m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 20.7% each year . All expenses for the organization totaled $1.2m during the year ending 12/2022. While expenses have increased by 1.1% per year over the past 8 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE WOOD LIBRARY-MUSEUM OF ANESTHESIOLOGY IS TO ADVANCE ANESTHESIOLOGY BY PRESERVING AND SHARING ITS HERTIAGE AND KNOWLEDGE, TO BE THE FOREMOST ANESTHESIA LIBRARY-MUSEUM, AND PRESERVE OUR HERITAGE TO ADVANCE OUR FUTURE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COLLECTION AND PRESERVATION OF LITERATURE AND EQUIPMENT PERTAINING TO ANESTHESIOLOGY.
ALL OTHER PROGRAM SERVICES
DIGITIZATION OF MUSEUM AND WEBSITE DEVELOPMENT.
PROVIDE SCIENTIFIC AND ARCHIVAL RESOURCES IN THE ANESTHESIOLOGY COMMUNITY, THE MEDICAL PROFESSION, AND THE PUBLIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Arnold J Berry MD Trustee | Trustee | 1 | $0 |
Melissa L Coleman MD Trustee | Trustee | 1.5 | $0 |
N Martin Giesecke MD Trustee (term Oct 2022) | Trustee | 0.75 | $0 |
K Garth Huston Jr MD Trustee | Trustee | 1 | $0 |
Linda J Mason MD Fasa Trustee | Trustee | 1 | $0 |
William D Owens MD Facafasa Trustee (term Oct 2022) | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
American Society Of Anesthesiologists Program And Administrative Services | 12/30/14 | $827,410 |
Solid Light Inc Museum Design Fees | 12/30/14 | $436,499 |
Bradford Services Corporation Design Services | 12/30/14 | $100,830 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $320,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $89,436 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $409,436 |
| Total Program Service Revenue | $4,238 |
| Investment income | $342,860 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,514,621 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,271,155 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $3,138 |
| 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 | $314,818 |
| Pension plan accruals and contributions | $38,084 |
| Other employee benefits | $44,210 |
| Payroll taxes | $24,955 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $20 |
| Fees for services: Accounting | $20,258 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $60,594 |
| Fees for services: Other | $52,888 |
| Advertising and promotion | $0 |
| Office expenses | $21,079 |
| Information technology | $2,860 |
| Royalties | $0 |
| Occupancy | $412,962 |
| Travel | $20,855 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $9,246 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $127,021 |
| Insurance | $1,164 |
| All other expenses | $0 |
| Total functional expenses | $1,228,740 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $71,759 |
| Savings and temporary cash investments | $88,505 |
| 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 | $14,864 |
| Net Land, buildings, and equipment | $2,064,101 |
| Investments—publicly traded securities | $8,580,417 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,764,572 |
| Total assets | $15,584,218 |
| Accounts payable and accrued expenses | $211,345 |
| 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 | $3,672,513 |
| Total liabilities | $3,883,858 |
| Net assets without donor restrictions | $11,700,360 |
| 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 | $15,584,218 |