American Academy Of Neurology Institute is located in Minneapolis, MN. The organization was established in 1953. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Academy Of Neurology Institute 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, American Academy Of Neurology Institute generated $49.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.2% each year . All expenses for the organization totaled $22.9m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, American Academy Of Neurology Institute has awarded 139 individual grants totaling $31,133,695. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE AMERICAN ACADEMY OF NEUROLOGY INSTITUTE (AANI) PROVIDES TOP-TIER EDUCATION AND SCIENTIFIC PROGRAMMING TO ITS MEMBERS AND THE BROADER MEDICAL COMMUNITY. THE ACADEMY IS DEDICATED TO THE CONCEPT OF LIFELONG LEARNING AND PROVIDING EDUCATION OPPORTUNITIES THAT RESPOND TO MEMBERS' NEEDS OVER THE COURSE OF THEIR CAREERS. THE AMERICAN ACADEMY OF NEUROLOGY IS THE WORLD'S LARGEST ASSOCIATION OF NEUROLOGISTS AND NEUROSCIENCE PROFESSIONALS, WITH OVER 38,000 MEMBERS. THE AAN IS DEDICATED TO PROMOTING THE HIGHEST QUALITY PATIENT-CENTERED NEUROLOGIC CARE. A NEUROLOGIST IS A DOCTOR WITH SPECIALIZED TRAINING IN DIAGNOSING, TREATING AND MANAGING DISORDERS OF THE BRAIN AND NERVOUS SYSTEM SUCH AS ALZHEIMER'S DISEASE, STROKE, MIGRAINE, MULTIPLE SCLEROSIS, CONCUSSION, PARKINSON'S DISEASE AND EPILEPSY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ANNUAL MEETING AND CONFERENCES: AS THE AANI CONTINUED TO RESPOND TO THE DISRUPTIONS CAUSED BY THE PANDEMIC, THE AAN CONTINUED TO OFFER A VARIETY OF CONTINUING EDUCATION PROGRAMS VIRTUALLY AND VIA ELEARNING. OUR 2021 ANNUAL MEETING, FALL CONFERENCE, SPORTS CONCUSSION CONFERENCE, AND ADVANCED PRACTICE PROVIDER NEUROLOGY EDUCATION SERIES WERE PRESENTED VIRTUALLY AND TO WIDE ACCLAIM FROM ATTENDEES. THE CHANGE OF THE 2021 ANNUAL MEETING TO AN ALL-VIRTUAL MEETING EXPERIENCE PRESENTED OPPORTUNITIES TO CURATE CONTENT FOR MEMBERS. GIVEN THE SUCCESS OF ANNUAL MEETING ON DEMAND, ON DEMAND CONTENT WAS MADE AVAILABLE FOR ALL CONFERENCES, ALLOWING THE AANI TO REACH LEARNERS ON A GLOBAL LEVEL AS WELL AS PROVIDING CONTINUED ACCESS TO MEETING CONTENT THROUGHOUT THE YEAR. THE VALUE OF THESE ON DEMAND OFFERINGS HAS BEEN APPRECIATED BY THE MEMBERS AND SUPPORTS THE MISSION OF THE ACADEMY.
TRAINING / TOOLS / RESOURCES: THE CENTERS FOR MEDICARE & MEDICAID SERVICES (CMS) CONTINUED TO APPROVE THE AXON REGISTRY(R) AS A QUALIFIED CLINICAL DATA REGISTRY. THIS DESIGNATION OPENS THE DOOR FOR ACADEMY MEMBERS LOOKING FOR A BETTER WAY TO SUBMIT QUALITY DATA TO CMS FOR THE MERIT-BASED INCENTIVE PAYMENT SYSTEM (MIPS). THE AXON REGISTRY ALSO IS APPROVED BY THE AMERICAN BOARD OF PSYCHIATRY AND NEUROLOGY (ABPN) AS A CONTINUING CERTIFICATION PART IV IMPROVEMENT IN MEDICAL PRACTICE CLINICAL MODULE ACTIVITY, AND PARTICIPATION IN THE AXON REGISTRY WAIVES UP TO EIGHT HOURS OF PART II SELF-ASSESSMENT. THE AANI CONTINUES TO ADDRESS AREAS OF CONTROVERSY AND IMPORTANCE IN ITS EVIDENCE-BASED GUIDELINES PROGRAM. THERE ARE CURRENTLY 11 ACTIVE PROJECTS AT VARIOUS STAGES OF DEVELOPMENT, AND THE AANI IS PARTICIPATING IN SEVERAL COLLABORATIONS WITH OUR NEUROLOGY PARTNERS FOR SUBSPECIALTY-RELATED GUIDELINES. TO HELP MEMBERS PROVIDE OPTIMAL CARE FOR THEIR PATIENTS, THE ACADEMY PUBLISHED THREE GUIDELINES THROUGHOUT THE YEAR: DOPAMINERGIC THERAPY FOR MOTOR SYMPTOMS IN EARLY PARKINSON DISEASE; ANTISEIZURE MEDICATION WITHDRAWAL IN SEIZURE-FREE PATIENTS PRACTICE ADVISORY UPDATE; AND ORAL AND TOPICAL TREATMENT OF PAINFUL DIABETIC POLYNEUROPATHY PRACTICE GUIDELINE.
CONTINUING MEDICAL EDUCATION PROGRAMS: NEUROLOGY QUESTION OF THE DAY IS A FREE EDUCATION MOBILE APP FOR AAN MEMBERS SERVING UP DAILY QUESTIONS FROM VARIOUS NEUROLOGIC SUBSPECIALTIES AND OFFERING CME. IT WAS DEVELOPED TO MEET THE NEED FOR MORE SUCCINCT LEARNING OPPORTUNITIES, I.E., MICROLEARNING, WHICH REQUIRES LESS COMMITMENT, MAKING IT MORE ACCESSIBLE FOR THE AVERAGE, TIME-STRAPPED LEARNER. TWO NEW NEUROSAE EDITIONS WERE LAUNCHED, PROVIDING ADDITIONAL RESOURCES FOR MEMBERS TO SUPPORT THEIR CONTINUING EDUCATION NEEDS AND EARN SELF-ASSESSMENT CME. A TOTAL OF SIX NEUROSAE EXAMS ARE ACCESSIBLE THROUGH THE ONLINE LEARNING CENTER AND ARE OFFERED FREE TO AAN MEMBERS. NEUROBYTES, A MICROLEARNING FORMAT WITH MORE THAN 75 ENGAGING, FIVE-MINUTE VIDEOS ACROSS A BROAD RANGE OF NEUROLOGY TOPICS, IS A POPULAR, NEW CONCEPT FOR E-LEARNING AND CONTINUES TO GROW WITH A LIMITED EXPANSION SERIES, NEUROBYTES: MEDICAL STUDENT SERIES.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Charlene Gamaldo MD Faan Director | Trustee | 1 | $2,100 |
Bruce Ovbiagele MD Msc Mas MBA Director | Trustee | 1 | $1,000 |
Brenda Banwell MD Faan Director | Trustee | 1.5 | $500 |
Natalia Rost MD MPH Faha Faan Director | Trustee | 4 | $500 |
Joseph I Sirven MD Faan Director | Trustee | 1.5 | $500 |
Larry B Goldstein MD Faha Faan Director | Trustee | 1 | $300 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
American Academy Of Neurology Services Of Shared Employees | 12/30/21 | $3,314,320 |
Smikle Training Services Training Services | 12/30/21 | $131,503 |
Kenes International Organizers Of Congress Ltd 2021 Virtual Annual Meeting Platform | 12/30/21 | $802,933 |
Platinum Roadcase Productions 2021 Production Of Annual Meeting Plenary Sessions | 12/30/21 | $181,621 |
Pentecore Coaching Llc Training Services | 12/30/21 | $113,597 |
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 | $8,068,030 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $8,068,030 |
Total Program Service Revenue | $16,104,030 |
Investment income | $3,478,017 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $2,002,466 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $19,613,526 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $60,000 |
Miscellaneous Revenue | $0 |
Total Revenue | $49,864,594 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $5,042,752 |
Grants and other assistance to domestic individuals. | $102,800 |
Grants and other assistance to Foreign Orgs/Individuals | $104,000 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $4,900 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $6,165,371 |
Pension plan accruals and contributions | $531,529 |
Other employee benefits | $946,788 |
Payroll taxes | $413,540 |
Fees for services: Management | $3,314,320 |
Fees for services: Legal | $39,934 |
Fees for services: Accounting | $22,278 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $49,116 |
Fees for services: Other | $1,450,696 |
Advertising and promotion | $101,236 |
Office expenses | $841,942 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $1,096,191 |
Travel | $80,048 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $1,311,743 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $802,349 |
Insurance | $49,271 |
All other expenses | -$12,874 |
Total functional expenses | $22,863,929 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $2,712,235 |
Savings and temporary cash investments | $10,514,566 |
Pledges and grants receivable | $1,415,776 |
Accounts receivable, net | $2,005 |
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 | $349,920 |
Net Land, buildings, and equipment | $14,370,858 |
Investments—publicly traded securities | $95,301,734 |
Investments—other securities | $6,472,376 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $131,139,470 |
Accounts payable and accrued expenses | $5,118,106 |
Grants payable | $5,982,099 |
Deferred revenue | $4,258,907 |
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 | $7,746,675 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $12,252,992 |
Total liabilities | $35,358,779 |
Net assets without donor restrictions | $95,440,247 |
Net assets with donor restrictions | $340,444 |
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 | $131,139,470 |
Over the last fiscal year, American Academy Of Neurology Institute has awarded $5,329,000 in support to 23 organizations.
Grant Recipient | Amount |
---|---|
Minneapolis, MN PURPOSE: Grant | $1,250,000 |
San Francisco, CA PURPOSE: Career Development Award and Clinician Scientist Development Award | $1,140,000 |
Durham, NC PURPOSE: Career Development Award | $450,000 |
Philadelphia, PA PURPOSE: Clinical Research Training and Educational Scholarships | $303,000 |
New York, NY PURPOSE: Clinical Research Training | $300,000 |
Ashburn, VA PURPOSE: Clinician Scientist Development Award | $240,000 |
Over the last fiscal year, we have identified 4 grants that American Academy Of Neurology Institute has recieved totaling $4,079,433.
Awarding Organization | Amount |
---|---|
American Brain Foundation Minneapolis, MN PURPOSE: Clinical Research Training Scholarships, Scientific Awards, and Nonscientific awards for work on diseases of the brain and nervous system. See Part IV for more details. | $2,046,160 |
American Board Of Psychiatry And Neurology Inc Deerfield, IL PURPOSE: TO SUPPORT THE AVAILABILITY OF EDUCATION CREDITS FOR ITS DIPLOMATES AND THE AANI'S REGISTRY | $2,000,000 |
Abbvie Foundation North Chicago, IL PURPOSE: GENERAL MISSION | $33,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $273 |
Beg. Balance | $32,679,787 |
Earnings | $4,538,349 |
Grants | $2,500 |
Ending Balance | $37,215,636 |
Organization Name | Assets | Revenue |
---|---|---|
American Academy Of Neurology Institute Minneapolis, MN | $131,139,470 | $49,864,594 |
American Registry Of Radiologic Technologists St Paul, MN | $93,277,898 | $26,571,314 |
Coalition Of State Rheumatology Organizations Inc Milwaukee, WI | $2,190,971 | $2,048,288 |
Sexual Medicine Society Of North America Burnsville, MN | $9,472,638 | $1,379,571 |
Iowa Chronic Care Consortium West Des Moines, IA | $546,074 | $857,952 |
Mid America Orthopaedic Association Rochester, MN | $1,689,056 | $672,354 |
Endometriosis Assoc Inc Milwaukee, WI | $350,211 | $391,235 |
American Gynecological And Obstetrical Society Burnsville, MN | $966,810 | $271,423 |
American College Of Emergency Physicians Kimberly, WI | $409,671 | $0 |
American College Of Emergency Physicians Chaska, MN | $354,879 | $0 |
Upstate New York Physician Recruiters St Paul, MN | $137,960 | $0 |
Iowa Chapter Of American College Of Gen Pract In Osteo Med And Surg West Des Moines, IA | $83,992 | $0 |