American Academy Of Otolaryngology- Head And Neck Surgery Inc
- Assets
- $29.8m
- Revenue
- $8.1m
- Investments
- -$495.4k
- Employees
- 0
- Location
- Alexandria, VA
- Founding
- 07/1981
- Data as of
- 06/2022
- EIN
- 52-1219436
Organization Overview
American Academy Of Otolaryngology- Head And Neck Surgery Inc is located in Alexandria, VA. The organization was established in 1981. According to its NTEE Classification (G9B) the organization is classified as: Surgical Specialties, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Academy Of Otolaryngology- Head And Neck Surgery Inc 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 06/2022, American Academy Of Otolaryngology- Head And Neck Surgery Inc generated $8.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.7% each year. All expenses for the organization totaled $6.0m during the year ending 06/2022. 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
EMPOWERING OTOLARYNGOLOGIST-HEAD AND NECK SURGEONS TO DELIVER THE BEST PATIENT CARE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEMBERSHIP: THE ACADEMY MAINTAINS AND ADMINISTERS INFORMATION RELATING TO ITS MEMBERS, COMPILES AND PREPARES PUBLICATIONS DRAWING ON THESE RECORDS, PROVIDES OPPORTUNITIES FOR VOLUNTEER LEADERSHIP THROUGH COMMITTEE INVOLVEMENT AND ANSWERS QUESTIONS FOR MEMBERS, NON-MEMBER PROFESSIONALS, AND THE PUBLIC.
HEALTH POLICY: THE ACADEMY MAINTAINS VISIBILITY AND CREDIBILITY WITH NATIONAL REPRESENTATIVES REGARDING SOCIOECONOMIC AND FEDERAL REGULATORY ISSUES AND ADVOCATES FOR APPROPRIATE REIMBURSEMENT AND FAIR POLICIES WITH MEDICARE AND PRIVATE PAYERS; PROVIDING MEMBERS WITH INFORMATION AND GUIDANCE ON REIMBURSEMENT ISSUES ENCOUNTERED AT THE STATE AND LOCAL LEVEL.
ADVOCACY: THE ACADEMY ADVOCATES TO THE U.S. CONGRESS AND STATE LEGISLATURES ON BEHALF OF ITS MEMBERSHIP ON KEY ISSUES IMPACTING THE SPECIALTY, MEMBERS' PRACTICES AND PATIENTS. NUMEROUS OPPORTUNITIES ARE PROVIDED FOR ACADEMY MEMBERS TO INTERACT WITH THEIR ELECTED OFFICIALS.
COMMUNICATIONS: THE ACADEMY PUBLISHES A MONTHLY MAGAZINE, THE BULLETIN, AND PRODUCES DIGITAL AND SOCIAL MEDIA COMMUNICATIONS ABOUT PROGRAMS AND SERVICES, SPECIALTY INNOVATIONS, AND GOVERNMENTAL AND SOCIOECONOMIC ISSUES AFFECTING THE SPECIALTY. ITS MEDIA RELATIONS PROGRAMS EDUCATE THE PUBLIC ABOUT THE SPECIALTY AND DISSEMINATE ITS HEALTH INFORMATION. CREATIVE SERVICES PRODUCES PRINT, DIGITAL, AND VIDEO MATERIALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Duane J Taylor MD Immed. Past President (thru Sept) | OfficerTrustee | 5 | $0 |
Kathleen L Yaremchuk MD Msa President-Elect (beg Oct) | OfficerTrustee | 5 | $0 |
Kenneth W Altman MD Secretary-Treasurer (thru Sept) | OfficerTrustee | 5 | $0 |
Steven W Cheung MD MBA Secretary-Treasurer-Elect (beg Oct) | OfficerTrustee | 5 | $0 |
Karen Rizzo MD Chair-Elect - Bog (beg Oct) | Trustee | 5 | $0 |
Douglas D Backous MD At-Large Director | Trustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Digital Pulp Inc Website Design/development | 6/29/19 | $224,457 |
Sage Publications Inc Journal | 6/29/19 | $126,153 |
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 | $87,295 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $87,295 |
| Total Program Service Revenue | $6,874,830 |
| Investment income | $527,425 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $579,651 |
| 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 | $8,105,108 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $51,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,261,283 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,177,144 |
| Pension plan accruals and contributions | $155,160 |
| Other employee benefits | $268,653 |
| Payroll taxes | $218,525 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $28,602 |
| Fees for services: Accounting | $27,593 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $103,205 |
| Fees for services: Other | $99,321 |
| Advertising and promotion | $0 |
| Office expenses | $530,877 |
| Information technology | $374,428 |
| Royalties | $0 |
| Occupancy | $281,892 |
| Travel | $37,446 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $131,239 |
| Interest | $118,331 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $65,933 |
| Insurance | $54,990 |
| All other expenses | $0 |
| Total functional expenses | $5,985,622 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $8,212,532 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $160,385 |
| 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 | $65,478 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $20,887,882 |
| Investments—other securities | -$495,373 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $981,352 |
| Total assets | $29,812,256 |
| Accounts payable and accrued expenses | $121,715 |
| Grants payable | $0 |
| Deferred revenue | $3,478,077 |
| 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 | $3,599,792 |
| Net assets without donor restrictions | $26,078,101 |
| Net assets with donor restrictions | $134,363 |
| 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 | $29,812,256 |