American Academy Of Sleep Medicine
- Assets
- $90.0m
- Revenue
- $16.0m
- Investments
- $106.1k
- Employees
- 86
- Location
- Darien, IL
- Founding
- 09/1988
- Data as of
- 12/2022
- EIN
- 41-1596569
Organization Overview
American Academy Of Sleep Medicine is located in Darien, IL. The organization was established in 1988. 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 12/2022, American Academy Of Sleep Medicine employed 86 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Academy Of Sleep Medicine 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 12/2022, American Academy Of Sleep Medicine generated $16.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $17.5m during the year ending 12/2022. While expenses have increased by 7.8% 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 AMERICAN ACADEMY OF SLEEP MEDICINE (AASM)IS A NONPROFIT CORPORATION ORGANIZED TO ESTABLISH STANDARDS FOR THE EVALUATION AND TREATMENT OF HUMAN SLEEP DISORDERS,PROMOTE EDUCATION AND TRAINING IN SLEEP DISORDER MEDICINE, AND REPRESENT THE SLEEP DISORDER DISCIPLINE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ACCREDITATION - AASM ACCREDITATION IS A VOLUNTARY ACTIVITY, PROVIDING RECOGNITION THAT AN ENTITY MEETS RIGOROUS ACCREDITATION STANDARDS, WHICH ARE ESTABLISHED BY THE AASM AND UPDATED PERIODICALLY BASED ON CHANGES IN TECHNOLOGY AND CLINICAL PRACTICE. FINAL APPROVAL OF ACCREDITATION RESTS WITH THE AASM ACCREDITATION COMMITTEE. THE AASM ACCREDITS SLEEP DISORDERS FACILITIES, INDEPENDENT SLEEP PRACTICES (ISP) AND DURABLE MEDICAL EQUIPMENT (DME) PROVIDERS.
SCIENTIFIC PUBLICATION - THE AASM PUBLISHES THE JOURNAL OF CLINICAL SLEEP MEDICINE. THE JOURNAL INCLUDES PEER-REVIEWED SCIENTIFIC INVESTIGATIONS, CASE REPORTS, REVIEWS AND AASM CLINICAL PRACTICE GUIDELINES THAT SUPPORT INFORMED CLINICAL DECISION-MAKING AND ENABLE SLEEP CLINICIANS TO REMAIN CURRENT PROFESSIONALLY.
EDUCATION TO PROVIDE A VARIETY OF CONTINUING EDUCATION USING VARIED TEACHING MODALITIES AND VARIOUS DELIVERY METHODS. THE ACADEMY OFFERS EDUCATIONAL ACTIVITIES AT MULTIPLE LEVELS FOR SLEEP MEDICINE PHYSICIANS, NON-SLEEP PHYSICIANS, PSYCHOLOGISTS, ADVANCED PRACTICE PROVIDERS AND SLEEP TECHNOLOGISTS. THESE ACTIVITIES INCLUDE LIVE REGIONAL COURSES. FOR EXAMPLE, SLEEP MEDICINE TRENDS, SLEEP MEDICINE ESSENTIALS, AND OTHER SPECIALIZED LIVE COURSES AS NEEDED. IN ADDITION, A LARGE VOLUME OF ONLINE EDUCATIONAL OPPORTUNITIES ARE AVAILABLE ON-DEMAND, INCLUDING LIVE COURSE RECORDINGS, PPT PRESENTATIONS, WEBINARS, JOURNAL ARTICLES AND PRACTICE EXAMINATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steven Van Hout Executive Director | Officer | 40 | $522,344 |
Sherene Thomas Assistant Executive Director | Officer | 40 | $229,650 |
Thomas Heffron Senior Director | 40 | $209,382 | |
Christopher Waring Senior Director | 40 | $181,042 | |
Mary Square Senior Director | 40 | $168,709 | |
Diedra Gray Director Of Health Policy | 40 | $164,270 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Hager Sharp Inc Public Relations | 12/30/22 | $663,283 |
Fti Consulting Consulting | 12/30/22 | $290,400 |
Advanced Solutions International Inc Software Services | 12/30/22 | $312,542 |
Computer System Innovations Inc Software Services | 12/30/22 | $275,170 |
Mcdermott Will & Emery Llp Consulting | 12/30/22 | $220,696 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $297,139 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $297,139 |
| Total Program Service Revenue | $12,968,090 |
| Investment income | $2,685,816 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $26,686 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $15,982,085 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $10,364 |
| Grants and other assistance to domestic individuals. | $7,573 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,337,821 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,992,199 |
| Pension plan accruals and contributions | $507,795 |
| Other employee benefits | $807,851 |
| Payroll taxes | $531,284 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $38,791 |
| Fees for services: Accounting | $81,364 |
| Fees for services: Lobbying | $6,750 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $61,269 |
| Fees for services: Other | $599,417 |
| Advertising and promotion | $808,367 |
| Office expenses | $599,670 |
| Information technology | $636,136 |
| Royalties | $0 |
| Occupancy | $103,206 |
| Travel | $147,800 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $455,194 |
| Interest | $0 |
| Payments to affiliates | $2,092,391 |
| Depreciation, depletion, and amortization | $269,580 |
| Insurance | $41,108 |
| All other expenses | $827,912 |
| Total functional expenses | $17,457,272 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $939,637 |
| Savings and temporary cash investments | $893,579 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,281,584 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $91,753 |
| Prepaid expenses and deferred charges | $350,536 |
| Net Land, buildings, and equipment | $5,133,968 |
| Investments—publicly traded securities | $80,098,459 |
| Investments—other securities | $106,053 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $115,524 |
| Total assets | $90,011,093 |
| Accounts payable and accrued expenses | $1,575,344 |
| Grants payable | $0 |
| Deferred revenue | $8,047,406 |
| 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 | $18,413 |
| Total liabilities | $9,641,163 |
| Net assets without donor restrictions | $80,369,930 |
| 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 | $90,011,093 |
Grants Awarded
Over the last fiscal year, American Academy Of Sleep Medicine has awarded $4,012,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN ACADEMY OF SLEEP MEDICINE FOUNDATION PURPOSE: ADVANCE FIELD OF SLEEP MEDICINE | $4,000,000 |
STANFORD UNIVERSITY PURPOSE: CONFERENCE GRANT SUPPORT PROGRAM | $12,000 |