Wound Healing Society
- Assets
- $1.2m
- Revenue
- $296.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Beverly, MA
- Founding
- 09/1990
- Data as of
- 12/2020
- EIN
- 54-1543698
Organization Overview
Wound Healing Society is located in Beverly, MA. The organization was established in 1990. According to its NTEE Classification (H99) the organization is classified as: Medical Research N.E.C., 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. Wound Healing Society 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 12/2020, Wound Healing Society generated $296.8k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.9%) each year. All expenses for the organization totaled $259.8k during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (2.5%) per year over the past 6 years. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
PREMIER SCIENTIFIC ORGANIZATION FOCUSED ON THE ADVANCEMENT AND PRACTICE OF WOUND HEALING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PUBLICATIONS: PUBLICATION OF SCIENTIFIC JOURNAL WOUND REPAIR AND REGENERATION WHICH UPDATES THE MEDICAL PROFESSION OF DEVELOPMENTS AND RESEARCH IN THE AREA OF WOUND HEALING.
ANNUAL AND OTHER SCIENTIFIC MEETINGS: THESE PROVIDE A MEDICAL RELATED SCIENTIFIC FORUM TO DISCUSS DEVELOPMENTS AND RESEARCH IN THE AREA OF WOUND HEALING.
OFFICERS AND COMMITTEES: EXPENSES RELATED TO THE GOVERNANCE AND OVERSIGHT OF THE SOCIETY'S EDUCATIONAL INITIATIVES INCLUDING KEEPING THE MEMBERSHIP INFORMED OF ITS OWN AND OTHER MEDICAL SOCIETY DEVELOPMENTS.
SUMMER RESEARCH FELLOWSHIP AWARD
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alan Wells President/pr | OfficerTrustee | 2 | $0 |
Kenneth Liechty President-El | OfficerTrustee | 2 | $0 |
Geoffrey C Gurtner Past Pres/pr | OfficerTrustee | 2 | $0 |
Traci Wilgus Vice Pres/vp | OfficerTrustee | 2 | $0 |
Praveen Arany Secretary | OfficerTrustee | 2 | $0 |
Herbert B Slade Treasurer | 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 | $82,770 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $82,770 |
| Total Program Service Revenue | $149,780 |
| Investment income | $19,192 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $43,447 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,134 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $296,823 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $11,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $106,073 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,450 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $5,514 |
| Fees for services: Other | $37,500 |
| Advertising and promotion | $0 |
| Office expenses | $6,415 |
| Information technology | $5,300 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $9,936 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,668 |
| All other expenses | $0 |
| Total functional expenses | $259,779 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $141,223 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $26,117 |
| 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 | $4,167 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,016,880 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,188,387 |
| Accounts payable and accrued expenses | $4,000 |
| Grants payable | $0 |
| Deferred revenue | $25,845 |
| 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 | $29,845 |
| Net assets without donor restrictions | $1,153,972 |
| Net assets with donor restrictions | $4,570 |
| 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 | $1,188,387 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Tufts Medical Center Parent Inc Braintree, MA | $132,535,337 | $31,702,650 |
Tri-Institutional Therapeutics Discovery Institute Inc New York, NY | $5,819,394 | $16,905,997 |
Community Partners In Action Inc Hartford, CT | $16,042,672 | $16,238,720 |
Zachary And Elizabeth M Fisher Center For Alzheimers Research Fdn New York, NY | $40,802,431 | $10,021,313 |
American Thrombosis And Hemostasisnetwork Inc Rochester, NY | $10,168,996 | $13,364,540 |
Football Research Inc New York, NY | $4,325,864 | $9,164,438 |
Institute For Protein Innovation Inc Boston, MA | $219,080,402 | $200,786,087 |
Center For Information And Study On Clinical Research Participation Boston, MA | $5,283,770 | $9,262,941 |
Vermont Oxford Network Inc Burlington, VT | $14,865,425 | $8,539,572 |
Bronx Veterans Medical Research Foundation Inc Bronx, NY | $9,078,068 | $8,272,955 |
Citizens Committee For Children Of New York New York, NY | $3,634,711 | $3,821,090 |
Clinical Directors Network Inc New York, NY | $2,473,338 | $3,992,902 |