American Shoulder And Elbow
- Assets
- $8.3m
- Revenue
- $3.7m
- Investments
- $0.0
- Employees
- 8
- Location
- Schaumburg, IL
- Founding
- 00/0000
- Data as of
- 12/2023
- EIN
- 41-1474626
Organization Overview
American Shoulder And Elbow is located in Schaumburg, IL. The organization was established in 0000. According to its NTEE Classification (S46) the organization is classified as: Boards of Trade, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2023, American Shoulder And Elbow employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Shoulder And Elbow is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2023, American Shoulder And Elbow generated $3.7m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 12.4% each year . All expenses for the organization totaled $3.1m during the year ending 12/2023. While expenses have increased by 12.2% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE AMERICAN SHOULDER AND ELBOW SURGEONS (THE "SOCIETY") IS A NATIONAL NOT-FOR-PROFIT CORPORATION ORGANIZED TO SERVE PATIENTS, MEMBERS, AND SOCIETY BY ADVANCING SHOULDER AND ELBOW CARE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SOCIETY ORGANIZES EDUCATIONAL MEDICAL CONFERENCES TO DISSEMINATE THE DEVELOPMENT OF PROCEDURES RELATING TO SURGERY OF THE SHOULDER AND ELBOW.
PUBLICATION OF MEDICAL JOURNALS AND PERIODIC NEWSSLETTER DISSEMINATING INFORMATION RELATIVE TO DEVELOPMENTS IN THE EXPANDING FIELD OF KNOWLEDGE OF SURGERY OF THE SHOULDER AND ELBOW.
THE OBJECTIVE OF THE ASES RESEARCH GRANT IS TO ENCOURAGE NEW INVESTIGATORS BY PROVIDING SEED AND START-UP FUNDING FOR PROMISING SHOULDER AND ELBOW RESEARCH
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark A Frankle MD Past President | OfficerTrustee | 3 | $0 |
Xavier A Duralde MD Immediate Past President | OfficerTrustee | 2 | $0 |
Peter B Macdonald MD Frcsc President | OfficerTrustee | 1 | $0 |
Charles L Getz MD Secretary/ Treasurer | OfficerTrustee | 1 | $0 |
Joaquin Sanchez-Sotelo MD PHD Vice President | Trustee | 1 | $0 |
George S Athwal MD Frcsc Member At Large | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
American Academy Of Ortho Surgeons Education | 12/30/20 | $634,104 |
William Mallon Md Editor-in-chief | 12/30/20 | $220,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $774,100 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $40,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $814,100 |
| Total Program Service Revenue | $2,601,865 |
| Investment income | $246,007 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,728,578 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $16,036 |
| Grants and other assistance to domestic individuals. | $11,250 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $262,318 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $208,658 |
| Pension plan accruals and contributions | $33,318 |
| Other employee benefits | $0 |
| Payroll taxes | $103,695 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10,909 |
| Fees for services: Accounting | $18,290 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $35,000 |
| Fees for services: Other | $0 |
| Advertising and promotion | $7,662 |
| Office expenses | $83,478 |
| Information technology | $146,970 |
| Royalties | $0 |
| Occupancy | $54,613 |
| Travel | $138,145 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $22,341 |
| All other expenses | $247,543 |
| Total functional expenses | $3,052,677 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $712,720 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $230,010 |
| 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 | $22,875 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $7,228,037 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $110,578 |
| Total assets | $8,304,220 |
| Accounts payable and accrued expenses | $94,346 |
| Grants payable | $0 |
| Deferred revenue | $823,389 |
| 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 | $121,221 |
| Total liabilities | $1,038,956 |
| Net assets without donor restrictions | $7,265,264 |
| 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 | $8,304,220 |
Grants Awarded
Over the last fiscal year, American Shoulder And Elbow has awarded $16,036 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
RUSH UNIVERSITY PURPOSE: RESEARCH | $10,000 |
GRANTS UNDER 5000 PURPOSE: RESEARCH | $6,036 |