American Association For The Study Of Liver Diseases Foundation
- Assets
- $16.3m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Alexandria, VA
- Founding
- 09/2015
- Data as of
- 06/2022
- EIN
- 46-4495751
Organization Overview
American Association For The Study Of Liver Diseases Foundation is located in Alexandria, VA. The organization was established in 2015. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Association For The Study Of Liver Diseases 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 06/2022, American Association For The Study Of Liver Diseases Foundation generated $1.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (11.5%) each year. All expenses for the organization totaled $2.3m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (5.5%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, American Association For The Study Of Liver Diseases Foundation has awarded 129 individual grants totaling $20,183,000. 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
SEE PART III, LINE 1
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS AND AWARDS: THE FOUNDATION MAKES (1) GRANTS TO INSTITUTIONS TO SUPPORT LIVER DISEASE RESEARCH; (2) CLINICAL TRAINING AWARDS FOR ADVANCED TRAINING FOR HEPATOLOGY FELLOWS, NURSE PRACTITIONERS, AND PHYSICIAN ASSISTANTS; AND (3) ABSTRACT AWARDS TO ENABLE YOUNG INVESTIGATORS TO ATTEND AND PRESENT THE RESULTS OF PROMISING RESEARCH AT PREMIERE HEPATOLOGY SCIENTIFIC MEETINGS.
PUBLIC AWARENESS: THE FOUNDATION WORKS TO INCREASE PUBLIC AWARENESS OF LIVER DISEASE BY MAINTAINING INFORMATION ON ITS WEBSITE AASLDFOUNDATION.ORG, AND BY EXHIBITING AND DISTRIBUTING INFORMATION AT MEETINGS AND CONVENTIONS FOCUSED ON LIVER DISEASE.
EMERGING LIVER SCHOLARS: THE EMERGING LIVER SCHOLARS (ELS) PROGRAM PROMOTES THE STUDY OF HEPATOLOGY AMONG MEDICAL, SURGICAL AND PEDIATRIC RESIDENTS WHO HAVE THE POTENTIAL FOR A CAREER IN ACADEMIC MEDICINE AND WHO HAVEN'T YET DETERMINED THEIR LONG-TERM CAREER GOALS. THE ELS PROGRAM IS SUPPORTED BY AASLD AND AASLD FOUNDATION AS PART OF ITS CONTINUING MISSION TO INSPIRE AND INVEST IN THE NEXT GENERATION OF HEPATOLOGISTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bruce A Luxon Chair | OfficerTrustee | 5 | $15,000 |
Vijay H Shah Treasurer | OfficerTrustee | 5 | $0 |
Norah Terrault Vice-Chair | OfficerTrustee | 5 | $0 |
Matthew D'uva CEO | Officer | 2 | $0 |
Julie Deal Executive Director | Officer | 18 | $0 |
Mukarab Islam Vp, Finance & Administration | Officer | 6 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $1,037,560 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $671,816 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,709,376 |
| Total Program Service Revenue | $0 |
| Investment income | $381,450 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$759,805 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,331,021 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,292,716 |
| 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. | $173,587 |
| Compensation of current officers, directors, key employees. | $69,309 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $173,618 |
| Pension plan accruals and contributions | $48,268 |
| Other employee benefits | $144,932 |
| Payroll taxes | $92,719 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $17,519 |
| Fees for services: Accounting | $26,081 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $49,872 |
| Fees for services: Other | $95,272 |
| Advertising and promotion | $30,102 |
| Office expenses | $20,578 |
| Information technology | $47,750 |
| Royalties | $0 |
| Occupancy | $81,578 |
| Travel | $9,806 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $13,811 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $10,871 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $2,347,891 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $578,216 |
| Savings and temporary cash investments | $707,606 |
| Pledges and grants receivable | $897,123 |
| Accounts receivable, net | $0 |
| 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 | $24,653 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $14,121,903 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $16,329,501 |
| Accounts payable and accrued expenses | $108,353 |
| Grants payable | $3,088,485 |
| 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 | $170,863 |
| Total liabilities | $3,367,701 |
| Net assets without donor restrictions | $9,021,875 |
| Net assets with donor restrictions | $3,939,925 |
| 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 | $16,329,501 |
Grants Awarded
Over the last fiscal year, American Association For The Study Of Liver Diseases Foundation has awarded $1,170,000 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
Duarte, CA PURPOSE: PINNACLE RESEARCH AWARD | $300,000 |
La Jolla, CA PURPOSE: PINNACLE RESEARCH AWARD | $300,000 |
Chapel Hill, NC PURPOSE: CLINICAL, TRANSLATIONAL, AND OUTCOMES RESEARCH AWARD IN LIVER DISEASES | $200,000 |
UNIVERSITY OF WASHINGTON PURPOSE: CLINICAL, TRANSLATIONAL, AND OUTCOMES RESEARCH AWARD IN LIVER DISEASES | $200,000 |
Davis, CA PURPOSE: AASLD FOUNDATION BRIDGE AWARD | $100,000 |
TRUSTEES OF INDIANA UNIVERSITY PURPOSE: AASLD FOUNDATION GUPTA FAMILY PILOT RESEARCH AWARD IN PSC RESEARCH | $50,000 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that American Association For The Study Of Liver Diseases Foundation has recieved totaling $1,048,902.
| Awarding Organization | Amount |
|---|---|
American Association For The Study Of Liver Diseases Alexandria, VA PURPOSE: TO INVEST IN INNOVATIVE HEPATOLOGY RESEARCH AND IN THE PEOPLE WHO STUDY AND TREAT LIVER DISEASE. | $1,037,560 |
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $11,159 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $183 |
Endowment Analysis
| Beg. Balance | $6,248,813 |
| Earnings | -$507,131 |
| Net Contributions | $1,000 |
| Other Expense | $30,000 |
| Ending Balance | $5,712,682 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Construction Industry Of Kansas Health & Welfare Trust Fund Agreem Lexington, KY | $4,313,780 | $19,547,175 |
Carpenters Health Fund Of West Virginia Ona, WV | $33,945,838 | $18,485,815 |
Baptist Memorial Health Care Foundation Memphis, TN | $704,887,527 | $54,101,503 |
Sheltering Arms Foundation Mechanicsville, VA | $205,278,403 | $11,542,533 |
Childrens Hospital Foundation Louisville, KY | $121,952,447 | $19,774,743 |
Le Bonheur Childrens Hospital Foundation Memphis, TN | $96,675,707 | $25,710,554 |
Rowan Regional Medical Center Foundation Inc Winston Salem, NC | $63,491,170 | $11,479,503 |
Bath Community Hospital Foundation Hot Springs, VA | $25,068,775 | $7,394,465 |
Communicare Services Elizabethtown, KY | $10,036,197 | $20,763,461 |
Johns Hopkins All Childrens Foundation Inc Baltimore, MD | $150,122,516 | $24,043,790 |
Potomac Health Foundation Woodbridge, VA | $124,789,436 | $8,932,196 |
Washington Wholesalers Health And Welfare Fund Columbia, MD | $20,227,407 | $10,192,011 |