American Society For Clinical Investigation Inc
- Assets
- $14.2m
- Revenue
- $5.6m
- Investments
- $0.0
- Employees
- 37
- Location
- Ann Arbor, MI
- Founding
- 12/1992
- Data as of
- 12/2023
- EIN
- 52-0847477
Organization Overview
American Society For Clinical Investigation Inc is located in Ann Arbor, MI. The organization was established in 1992. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. As of 12/2023, American Society For Clinical Investigation Inc employed 37 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Society For Clinical Investigation 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 12/2023, American Society For Clinical Investigation Inc generated $5.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.9% each year. All expenses for the organization totaled $6.2m during the year ending 12/2023. While expenses have increased by 7.2% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PUBLICATION OF RESEARCH JOURNALS AND DISSEMINATION OF RELATED INFORMATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THIS SOCIETY IS ORGANIZED AND OPERATED EXCLUSIVELY FOR EDUCATIONAL AND SCIENTIFIC PURPOSES AND FOR NO OTHER PURPOSE. THE OBJECTIVES OF THE CORPORATION, AS EXPRESSED IN THE 1908 CONSTITUTION ARE: THE ADVANCEMENT OF MEDICAL SCIENCE; THE CULTIVATION OF CLINICAL RESEARCH BY THE METHODS OF THE NATURAL SCIENCES; THE CORRELATION OF SCIENCE WITH THE ART OF MEDICAL PRACTICE; THE ENCOURAGEMENT OF SCIENTIFIC INVESTIGATION BY THE MEDICAL PRACTITIONER; AND THE DIFFUSION OF A SCIENTIFIC SPIRIT AMONG ITS MEMBERS. TO THIS END THE SOCIETY PUBLISHES TWO BIOMEDICAL JOURNALS, THE JOURNAL OF CLINICAL INVESTIGATION AND JCI INSIGHT, BOTH PEER-REVIEWED BIOMEDICAL RESEARCH JOURNALS THAT ARE AVAILABLE WORLDWIDE TO MEMBERS AND NON-MEMBERS ALIKE, WITH ALL RESEARCH CONTENT FREELY AVAILABLE WITHOUT RESTRICTION OF ANY KIND. IN 2023, THE ASCI PUBLISHED 366 RESEARCH ARTICLES IN THE JOURNAL OF CLINICAL INVESTIGATION AND 497 RESEARCH ARTICLES IN JCI INSIGHT.
THE ASCI IS DEDICATED TO THE ADVANCEMENT OF RESEARCH THAT EXTENDS OUR UNDERSTANDING AND IMPROVES THE TREATMENT OF HUMAN DISEASES, AND MEMBERS ARE COMMITTED TO MENTORING FUTURE GENERATIONS OF PHYSICIAN-SCIENTISTS. THE ASCI CONSIDERS THE NOMINATIONS OF SEVERAL HUNDRED PHYSICIAN-SCIENTISTS FROM THE UNITED STATES AND ABROAD EACH YEAR AND ELECTS UP TO 100 NEW MEMBERS EACH YEAR FOR THEIR SIGNIFICANT RESEARCH ACCOMPLISHMENTS. AN ANNUAL MEETING IS HELD TO HONOR THE NEWLY ELECTED MEMBERS, TO FOSTER THE DIFFUSION OF SCIENTIFIC SPIRIT AMONG MEMBERS, AND TO MENTOR YOUNG INVESTIGATORS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elizabeth M Mcnally MD PHD Editor, Jci | OfficerTrustee | 20 | $50,000 |
Kathleen L Collins Editor, Jci Insight | OfficerTrustee | 20 | $50,000 |
Sohail F Tavazoie MD PHD Immediate Past President | OfficerTrustee | 5 | $0 |
Benjamin Humphreys MD PHD President | OfficerTrustee | 5 | $0 |
Anna Greka Mdphd President-Elect | OfficerTrustee | 2 | $0 |
Priscilla Y Hsue M D Vice President | OfficerTrustee | 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 | $118,140 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $118,140 |
| Total Program Service Revenue | $5,041,284 |
| Investment income | $429,888 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $204,377 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$163,654 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,630,035 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $106,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $847,268 |
| Compensation of current officers, directors, key employees. | $186,907 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,421,531 |
| Pension plan accruals and contributions | $246,183 |
| Other employee benefits | $375,328 |
| Payroll taxes | $217,856 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,818 |
| Fees for services: Accounting | $66,288 |
| Fees for services: Lobbying | $6,632 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $66,496 |
| Fees for services: Other | $126,079 |
| Advertising and promotion | $29,690 |
| Office expenses | $10,077 |
| Information technology | $47,509 |
| Royalties | $0 |
| Occupancy | $28,203 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $719,269 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $49,611 |
| Insurance | $34,458 |
| All other expenses | $43,302 |
| Total functional expenses | $6,173,096 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $63 |
| Savings and temporary cash investments | $1,236,038 |
| Pledges and grants receivable | $12,000 |
| Accounts receivable, net | $177,170 |
| 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 | $115,941 |
| Net Land, buildings, and equipment | $560,407 |
| Investments—publicly traded securities | $12,067,458 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $14,169,077 |
| Accounts payable and accrued expenses | $470,781 |
| Grants payable | $0 |
| Deferred revenue | $420,825 |
| 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 | $891,606 |
| Net assets without donor restrictions | $12,296,032 |
| Net assets with donor restrictions | $981,439 |
| 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 | $14,169,077 |