American Society For Metabolic And Bariatric Surgery
- Assets
- $11.8m
- Revenue
- $5.7m
- Investments
- $0.0
- Employees
- 18
- Location
- Newberry, FL
- Founding
- 06/1983
- Data as of
- 12/2022
- EIN
- 52-1203109
Organization Overview
American Society For Metabolic And Bariatric Surgery is located in Newberry, FL. The organization was established in 1983. According to its NTEE Classification (E03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Health Care and related organizations. As of 12/2022, American Society For Metabolic And Bariatric Surgery employed 18 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Society For Metabolic And Bariatric Surgery is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2022, American Society For Metabolic And Bariatric Surgery generated $5.7m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.1% each year. All expenses for the organization totaled $4.7m during the year ending 12/2022. While expenses have increased by 4.2% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE PURPOSE OF THE SOCIETY IS TO ADVANCE THE ART AND SCIENCE OF BARIATRIC SURGERY BY CONTINUED ENCOURAGEMENT OF ITS MEMBERS TO CARRY OUT THE FOLLOWING MISSION: (1) TO IMPROVE THE CARE AND TREATMENT OF PEOPLE WITH OBESITY AND RELATED DISEASES; (2) TO ADVANCE THE SCIENCE AND UNDERSTANDING OF METABOLIC SURGERY; (3) TO FOSTER COMMUNICATION BETWEEN HEALTH PROFESSIONAL ON OBESITY AND RELATED CONDITIONS; (4) TO BE THE RECOGNIZED AUTHORITY AND RESOURCE ON METABOLIC AND BARIATRIC SURGERY; (5) TO ADVOCATE FOR HEALTH CARE POLICY THAT ENSURES PATIENT ACCESS TO HIGH QUALITY PREVENTION AND TREATMENT OF OBESITY; (6) TO BE A HIGHLY VALUED SPECIALTY SOCIETY THAT SERVES THE EDUCATIONAL AND PROFESSIONAL NEEDS OF OUR DIVERSE MEMBERSHIP.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE VARIOUS COURSES, AN ANNUAL MEETING, A PROFESSIONAL JOURNAL, AND OTHER SERVICES FOR ITS MEMBERS IN AN EFFORT TO ADVANCE THE ART AND SCIENCE OF BARIATRIC SURGERY.
SPONSOR AN RN CREDENTIALING PROGRAM TO CERTIFY NURSES WHO WANT TO SPECIALIZE IN BARIATRICS.
PROVIDE RESEARCH GRANTS AND FELLOWSHIPS FOR BARIATRIC SURGEONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kristie Kaufman Interim Exec | Officer | 40 | $131,000 |
Ann Rogers MD Council-At-L | OfficerTrustee | 2 | $0 |
Eric Demaria MD Sr Past Pr | OfficerTrustee | 2 | $0 |
John Scott MD Council-At-L | Trustee | 2 | $0 |
Joseph Northup MD Council-At-L | Trustee | 2 | $0 |
Marina Kurian MD Sec/pres Ele | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
A Fassano & Company Exhbt /Spnsr Mg | 12/30/22 | $153,416 |
Communication Partners & Associates Public Relation | 12/30/22 | $204,190 |
Meeting Advice Event Mgmt | 12/30/22 | $140,035 |
Expo Convention Contractors Conv Design | 12/30/22 | $126,696 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $156,610 |
| All other contributions, gifts, grants, and similar amounts not included above | $114,550 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $271,160 |
| Total Program Service Revenue | $4,912,889 |
| Investment income | $186,857 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $151,912 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$8,245 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $482 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,660,135 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $97,000 |
| Grants and other assistance to domestic individuals. | $4,050 |
| Grants and other assistance to Foreign Orgs/Individuals | $3,000 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $160,595 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $623,120 |
| Pension plan accruals and contributions | $87,817 |
| Other employee benefits | $81,510 |
| Payroll taxes | $63,255 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,065 |
| Fees for services: Accounting | $9,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $75,211 |
| Fees for services: Other | $290,941 |
| Advertising and promotion | $88,650 |
| Office expenses | $219,200 |
| Information technology | $56,864 |
| Royalties | $0 |
| Occupancy | $73,408 |
| Travel | $63,500 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,365,790 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,867 |
| Insurance | $43,851 |
| All other expenses | $27,641 |
| Total functional expenses | $4,712,804 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,179 |
| Savings and temporary cash investments | $3,194,957 |
| Pledges and grants receivable | $73,500 |
| Accounts receivable, net | $83,595 |
| 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 | $226,053 |
| Net Land, buildings, and equipment | $10,395 |
| Investments—publicly traded securities | $8,085,980 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $104,282 |
| Total assets | $11,781,941 |
| Accounts payable and accrued expenses | $98,831 |
| Grants payable | $25,000 |
| Deferred revenue | $828,805 |
| 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 | $42,475 |
| Total liabilities | $995,111 |
| Net assets without donor restrictions | $10,692,997 |
| Net assets with donor restrictions | $93,833 |
| 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 | $11,781,941 |
Grants Awarded
Over the last fiscal year, American Society For Metabolic And Bariatric Surgery has awarded $97,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
LSU PENNINGTON BIOMEDICAL RESEARCH PURPOSE: RESEARCH | $25,000 |
NORC AT THE UNIV OF CHICAGO PURPOSE: SURVEY | $72,000 |