American Society Of Extracorporeal Technology Inc
- Assets
- $1.3m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 01/1968
- Data as of
- 12/2022
- EIN
- 41-6057985
Organization Overview
American Society Of Extracorporeal Technology Inc is located in Chicago, IL. The organization was established in 1968. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Society Of Extracorporeal Technology Inc 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 Society Of Extracorporeal Technology Inc generated $1.1m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 0.4% each year. All expenses for the organization totaled $1.1m during the year ending 12/2022. While expenses have increased by 0.8% per year over the past 5 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
FOSTER IMPROVED PATIENT CARE
Describe the Organization's Program Activity:
ANNUAL CONFERENCE - AMSECT HOSTS AN ANNUAL CONFERENCE FOR PERFUSIONISTS AND OTHER PROFESSIONALS IN RELATED DISCIPLES TO SHARE KNOWLEDGE, SOLVE CHALLENGES, AND EDUCATE MEMBERS ON NEW DEVELOPMENTS RELATED TO PERFUSION TECHNOLOGY AND RELATED FIELDS, WITH TOPICS INCLUDING CONGENITAL TECHNICAL SKILLS, ETHICS AND SAFETY, STANDARDS AND GUIDELINES, BLOOD MANAGEMENT, PROGRAM MANAGEMENT, EXTRACORPOREAL MEMBRANE OXYGENATION (ECMO), AND MORE.
MEMBERSHIP AND OTHER PROGRAM SERVICES - AS A PROFESSIONAL MEMBERSHIP SOCIETY OF PERFUSIONISTS DEDICATED TO IMPROVING PATIENT CARE AND SAFETY IN THE EXTRACORPOREAL CIRCULATION TECHNOLOGY COMMUNITY, AMSECT ASSESSES MEMBERSHIP DUES. AMSECT ALSO HOSTS AN ONLINE LEARNING PLATFORM, A LEADERSHIP SYMPOSIUM, AND VARIOUS WEBINARS THROUGHOUT THE YEAR.
PUBLICATIONS - ON A QUARTERLY BASIS AMSECT PUBLISHES THE JOURNAL OF EXTRACORPOREAL TECHNOLOGY (JECT), WHICH IS THE PREMIER SOURCE OF THE MOST CURRENT RESEARCH AND INFORMATION RELATED TO EXTRACORPOREAL TECHNOLOGY INCLUDING CARDIOPULMONARY BYPASS, EXTRACORPOREAL LIFE SUPPORT, MECHANICAL ASSIST DEVICES, AND PERIOPERATIVE BLOOD MANAGEMENT. ON A QUARTERLY BASIS AMSECT ALSO PUBLISHES AMSECT TODAY AS A PORTAL OF INFORMATION PROVIDING AMSECT MEMBERS WITH CONTENT COMPRISED OF IN-DEPTH AND THOUGHT-PROVOKING ARTICLES, INFORMATION ABOUT UPCOMING EVENTS, EDUCATIONAL OFFERINGS, STUDENT PERSPECTIVES, CHALLENGING QUIZZES, SOCIETY ELECTIONS AND MORE.
CERTIFICATION - AMSECT ADMINISTERS INTERNATIONAL BOARD OF BLOOD MANAGEMENT (IBBM) CERTIFICATION TESTS FOR PERIOPERATIVE BLOOD MANAGEMENT TECHNOLOGISTS (PDMT), PATIENT BLOOD MANAGEMENT SPECIALISTS (PBMS), CERTIFIED ECMO SPECIALISTS - ADULT (CES-A), AND CERTIFIED EMO SPECIALISTS - PEDIATRIC (CES-P).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tami Rosenthal President | OfficerTrustee | 5 | $0 |
Scott Snider President Elect | OfficerTrustee | 5 | $0 |
Gregory A Mork Secretary | OfficerTrustee | 5 | $0 |
Renee Axdorff-Dickey Treasurer | OfficerTrustee | 5 | $0 |
Courney Petersen Director | Trustee | 2 | $0 |
Molly Dreher Director | Trustee | 2 | $0 |
Financial Statements
| 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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $1,044,305 |
| Investment income | $13,897 |
| 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 | $1,086,338 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $549,383 |
| Fees for services: Legal | $5,873 |
| Fees for services: Accounting | $10,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $175 |
| Fees for services: Other | $123,711 |
| Advertising and promotion | $5,962 |
| Office expenses | $10,600 |
| Information technology | $174,551 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $41,089 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $130,091 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $7,311 |
| All other expenses | $45,838 |
| Total functional expenses | $1,130,131 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $439,098 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $12,876 |
| 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 | $93,870 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $727,350 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,273,194 |
| Accounts payable and accrued expenses | $22,947 |
| Grants payable | $0 |
| Deferred revenue | $138,812 |
| 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 | $0 |
| Total liabilities | $161,759 |
| Net assets without donor restrictions | $1,081,681 |
| Net assets with donor restrictions | $29,754 |
| 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 | $1,273,194 |