American Academy Of Sleep Medicine Foundation
- Assets
- $16.4m
- Revenue
- $3.9m
- Investments
- $0.0
- Employees
- 0
- Location
- Darien, IL
- Founding
- 11/1998
- Data as of
- 12/2022
- EIN
- 41-1920576
Organization Overview
American Academy Of Sleep Medicine Foundation is located in Darien, IL. The organization was established in 1998. According to its NTEE Classification (H90) the organization is classified as: Medical Disciplines Research, under the broad grouping of Medical Research and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Academy Of Sleep Medicine Foundation 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, American Academy Of Sleep Medicine Foundation generated $3.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 45.1% each year . All expenses for the organization totaled $3.5m during the year ending 12/2022. While expenses have increased by 14.5% per year over the past 7 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.
Since 2015, American Academy Of Sleep Medicine Foundation has awarded 147 individual grants totaling $14,280,167. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE DISCOVERIES THAT ADVANCE THE UNDERSTANDING OF SLEEP FOR HEALTHIER LIVES BY OFFERING RESEARCH, COMMUNITY AND TRAINING GRANTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE AASM FOUNDATION STRIVES TO PROMOTE DISCOVERIES THAT ADVANCE THE UNDERSTANDING OF SLEEP FOR HEALTHIER LIVES BY OFFERING RESEARCH, COMMUNITY PROGRAM SUPPORT, AND TRAINING GRANTS.IN 2022, THE AASM FOUNDATION APPROVED FUNDING FOR CAREER DEVELOPMENT GRANTS, INCLUDING BRIDGE TO SUCCESS FOR EARLY CAREER INVESTIGATORS GRANTS (SUPPORTS RESEARCHERS WHO HAVE APPLIED FOR A FEDERAL CAREER DEVELOPMENT AWARD THAT WILL NOT BE FUNDED AND WHO PLAN TO SUBMIT A REVISED APPLICATION), BRIDGE TO SUCCESS FOR MID-CAREER/SENIOR INVESTIGATORS GRANTS (SUPPORTS RESEARCHERS WHO HAVE APPLIED FOR A FEDERAL INDEPENDENT INVESTIGATOR AWARD THAT WILL NOT BE FUNDED AND WHO PLAN TO SUBMIT A REVISED APPLICATION), FOCUSED PROJECTS GRANTS FOR JUNIOR INVESTIGATORS (SUPPORTS RESEARCH BY EARLY INVESTIGATORS) AND PHYSICIAN SCIENTIST AND ABSM JR FACULTY GRANTS (SUPPORTS THE GROWTH OF PHYSICIAN SCIENTISTS IN THE FIELD OF SLEEP AND CIRCADIAN RESEARCH). THE AASM FOUNDATION ALSO PROVIDED SUPPORT FOR ONE FELLOWSHIP POSITION THROUGH ITS SLEEP MEDICINE FELLOW FUNDING GRANT PROGRAM.STRATEGIC RESEARCH GRANTS (SUPPORTS PROJECTS THAT FOSTER HEALTH SERVICES RESEARCH AND PATIENT-ORIENTED RESEARCH IN SLEEP MEDICINE, TO DEMONSTRATE IMPROVED PATIENTS' OUTCOMES AND DEMONSTRATE VALUE) WERE APPROVED, AS WELL AS A COVID-19 RELIEF FUNDING GRANT (PROVIDES SUPPLEMENTAL SUPPORT TO CURRENT GRANT RECIPIENTS WHOSE PROJECTS WERE AFFECTED BY COVID-19) AND COMMUNITY SLEEP HEALTH GRANTS (SUPPORTS PROJECTS ADDRESSING SLEEP HEALTH IN THE COMMUNITY). THE AASM FOUNDATION ALSO APPROVED A SLEEP CHAMPION AWARD (RECOGNIZES SUCCESSFUL COMMUNITY-BASED SLEEP HEALTH SERVICES AND EDUCATION PROVIDED BY NON-PROFIT ORGANIZATIONS). ADDITIONALLY, THE AASM FOUNDATION SUPPORTED THE EFFORTS OF OTHER ORGANIZATIONS BY CO-FUNDING SCHOLARSHIPS FOR MEDICAL STUDENTS INTERESTED IN SLEEP MEDICINE AND SMALL RESEARCH GRANTS FOR PILOT PROJECTS FOR EARLY CAREER RESEARCHERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steven Van Hout Executive Director | Officer | 2 | $0 |
Andrew Summers Director Of Finance | Officer | 2 | $0 |
Jennifer Martin PHD Director To 6/2022 | Trustee | 1 | $0 |
James Rowley MD Director | Trustee | 1 | $0 |
Eric Olson MD Secretary/treasurer | OfficerTrustee | 1 | $0 |
Lynn Marie Trotti MD Msc Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $2,000,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,594,723 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,594,723 |
| Total Program Service Revenue | $0 |
| Investment income | $273,672 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $58,585 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,926,980 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,269,961 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $10,000 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,429 |
| Fees for services: Accounting | $21,476 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $21,169 |
| Fees for services: Other | $41,920 |
| Advertising and promotion | $5,188 |
| Office expenses | $22,563 |
| Information technology | $8,170 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $38,881 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $10,804 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $45,934 |
| Total functional expenses | $3,500,495 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,503,593 |
| Savings and temporary cash investments | $5,950 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $510,000 |
| 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 | $10,643 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $13,380,555 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $18,413 |
| Total assets | $16,429,154 |
| Accounts payable and accrued expenses | $66,423 |
| Grants payable | $2,775,960 |
| 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 | $51,283 |
| Total liabilities | $2,893,666 |
| Net assets without donor restrictions | $4,116,309 |
| Net assets with donor restrictions | $9,419,179 |
| 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 | $16,429,154 |
Grants Awarded
Over the last fiscal year, American Academy Of Sleep Medicine Foundation has awarded $3,093,688 in support to 25 organizations.
| Grant Recipient | Amount |
|---|---|
JOHNS HOPKINS MEDICINE PURPOSE: RESEARCH GRANT | $450,000 |
THE BRIGHAM AND WOMENS HOSPITAL INC PURPOSE: RESEARCH GRANT | $409,483 |
ARIZONA STATE UNIVERSITY PURPOSE: RESEARCH GRANT | $249,983 |
CHILDRENS HOSPITAL OF PHILADELPHIA PURPOSE: RESEARCH GRANT | $250,000 |
OHIO STATE UNIVERSITY PURPOSE: RESEARCH GRANT | $250,000 |
UNIVERSITY OF PENNSYLVANIA PURPOSE: RESEARCH GRANT | $249,801 |