Anesthesia Patient Safety Foundation
- Assets
- $13.2m
- Revenue
- $3.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Schaumburg, IL
- Founding
- 12/1986
- Data as of
- 12/2022
- EIN
- 51-0287258
Organization Overview
Anesthesia Patient Safety Foundation is located in Schaumburg, IL. The organization was established in 1986. 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. Anesthesia Patient Safety 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, Anesthesia Patient Safety Foundation generated $3.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.8% each year. All expenses for the organization totaled $2.3m during the year ending 12/2022. While expenses have increased by 4.7% 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 2014, Anesthesia Patient Safety Foundation has awarded 37 individual grants totaling $3,766,167. 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
THE APSF'S MISSION IS TO IMPROVE THE SAFETY OF PATIENTS DURING ANESTHESIA CARE BY: IDENTIFYING SAFETY INITIATIVES AND CREATING RECOMMENDATIONS TO IMPLEMENT DIRECTLY AND WITH PARTNER ORGANIZATIONS, BEING A LEADING VOICE FOR ANESTHESIA PATIENT SAFETY WORLDWIDE, AND SUPPORTING AND ADVANCING ANESTHESIA PATIENT SAFETY CULTURE, KNOWLEDGE, AND LEARNING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SPECIFIC PURPOSES OF THE FOUNDATION ARE TO FOSTER INVESTIGATIONS THAT WILL PROVIDE A BETTER UNDERSTANDING OF PREVENTABLE ANESTHETIC INJURIES, TO ENCOURAGE PROGRAMS THAT WILL REDUCE THE NUMBER OF ANESTHETIC INJURIES, AND TO PROMOTE NATIONAL AND INTERNATIONAL COMMUNICATION OF INFORMATION AND IDEAS ABOUT THE CAUSES AND PREVENTION OF ANESTHETIC INJURIES. THE APSF IS MADE UP OF INDIVIDUALS AND CORPORATIONS INVOLVED IN ALL ASPECTS OF ANESTHESIA, AND IS A MAJOR SOURCE OF GRANTS FOR RESEARCH. THE FOUNDATION'S NEWSLETTER IS PUBLISHED THREE TIMES A YEAR AND IS DISTRIBUTED WITHOUT CHARGE TO ANESTHESOLOGSTS, NURSE ANESTHETISTS, ANESTHESIOLOGIST ASSISTANTS, AND TO THOUSANDS OF HOSPITAL ADMINISTRATORS AND GOVERNMENT OFFICIALS IN THE US, CANADA, AND OTHER VARIOUS COUNTRIES. THE APSF HAS ALSO INITIATED AND SPONSORED MANY OTHER ACTIVITIES IN FULFILLMENT OF ITS MISSION, INCLUDING SUPPORTING MEETINGS ON ANESTHESIA SAFETY AND FACILITATING DEVELOPMENT OF SIMULATORS FOR TRAINING ANESTHESIOLOGISTS IN CRISIS MANAGEMENT AS WELL AS OTHER ANESTHESIA MANAGEMENT PROBLEMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daniel J Cole MD President | OfficerTrustee | 25 | $125,000 |
Meghan Lane-Fall MD Mshp Fccm Vice President | OfficerTrustee | 2 | $0 |
Steven B Greenberg MD Fccp Fccm Secretary | OfficerTrustee | 10 | $27,000 |
Douglas Bartlett Treasurer | OfficerTrustee | 1 | $0 |
Lynn Reede Dnp MBA Crna Fnap Director-At-Large | Trustee | 1 | $0 |
Shane Angus Caa Msa Director | Trustee | 1 | $2,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Edens Works Inc Website Hosting And Consulting Services | 12/30/22 | $165,097 |
Oregon Health And Science University Apsf Research Grant And The Ellison C. P | 12/30/22 | $155,000 |
The Children's Hospital Of Philadelphia Apsf Research Grant | 12/30/22 | $149,119 |
Loews Vanderbilt Hotel Apsf Stoelting Conference | 12/30/22 | $128,171 |
Daniel J Cole Md Executive Office Support | 12/30/22 | $128,668 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $340,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,165,528 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,505,528 |
| Total Program Service Revenue | $0 |
| Investment income | $195,269 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,623,716 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,325,369 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $461,569 |
| 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. | $211,300 |
| Compensation of current officers, directors, key employees. | $116,215 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $67,838 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $16,000 |
| Fees for services: Legal | $282 |
| Fees for services: Accounting | $15,482 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $123,513 |
| Fees for services: Investment Management | $72,787 |
| Fees for services: Other | $660,619 |
| Advertising and promotion | $449 |
| Office expenses | $4,667 |
| Information technology | $166,665 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $178,236 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $238,843 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $2,263,390 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $523,306 |
| Savings and temporary cash investments | $419,202 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $36,800 |
| 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 | $46,062 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $12,147,566 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $13,172,936 |
| Accounts payable and accrued expenses | $68,479 |
| Grants payable | $50,000 |
| Deferred revenue | $75,000 |
| 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 | $17,118 |
| Total liabilities | $210,597 |
| Net assets without donor restrictions | $12,820,594 |
| Net assets with donor restrictions | $141,745 |
| 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 | $13,172,936 |
Grants Awarded
Over the last fiscal year, Anesthesia Patient Safety Foundation has awarded $412,117 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
OREGON HEALTH AND SCIENCE UNIVERSITY PURPOSE: APSF RESEARCH GRANT AND THE ELLISON C. PIERCE, JR. MD MERIT AWARD | $155,000 |
HARVARD TH CHAN SCHOOL OF PUBLIC HEALTH PURPOSE: SAFE SURGERY/SAFE SYSTEMS PROGRAM SUPPORT FUND | $7,200 |
THE CHILDREN'S HOSPITAL OF PHILADELPHIA PURPOSE: APSF RESEARCH GRANT | $149,119 |
UNIVERSITY OF FLORIDA PURPOSE: APSF TECHNOLOGY EDUCATION INITIATIVE GRANT | $100,798 |