Multi-Specialty Foundation For Facial Aesthetic Surgery Inc
- Assets
- $8.6m
- Revenue
- $709.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Lexington, KY
- Founding
- 07/2004
- Data as of
- 03/2023
- EIN
- 56-2350868
Organization Overview
Multi-Specialty Foundation For Facial Aesthetic Surgery Inc is located in Lexington, KY. The organization was established in 2004. According to its NTEE Classification (B60) the organization is classified as: Adult Education, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Multi-Specialty Foundation For Facial Aesthetic Surgery 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 03/2023, Multi-Specialty Foundation For Facial Aesthetic Surgery Inc generated $709.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (14.7%) each year. All expenses for the organization totaled $579.5k during the year ending 03/2023. As we would expect to see with falling revenues, expenses have declined by (9.8%) per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE CONTINUING EDUCATION TO PHYSICIANS
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MULTI-SPECIALTY FOUNDATION (DOING BUSINESS AS VEGAS COSMETIC SURGERY) FOR FACIAL AESTHETIC SURGERY HOSTS AN ANNUAL CONTINUING EDUCATION SEMINAR FOR AESTHETIC SURGEONS. THE CORE SPECIALTIES INCLUDE FACIAL PLASTIC SURGERY, PLASTIC SURGERY, OCULOPLASTIC SURGERY AND DERMATOLOGY. THIS ANNUAL MEETING TAKES PLACE AT THE BELLAGIO HOTEL IN LAS VEGAS, NV AND SPANS FIVE DAYS EACH SUMMER. THE CONFERENCE HAS FOUR CONCURRENT EDUCATIONAL TRACKS: (1) A SCIENTIFIC SESSION TRACK IN WHICH FACULTY MEMBERS PRESENT FIFTEEN LECTURES ON VARIOUS AESTHETIC TOPICS (2) A MASTER SEMINAR TRACK WHICH CONSISTS OF A FACULTY MEMBER GIVING A ONE-HOUR IN-DEPTH PROCEDURE DESCRIPTION (3) A BUSINESS MANAGEMENT TRACK PRESENTED BY SPECIALISTS IN MARKETING AND MANAGING ON VARIOUS BUSINESS TOPICS (4) A TWO-DAY DERMATOLOGY SESSION SESSIONS BEGIN AT 6:30 AM AND END AT 6:30 PM EACH DAY FOR FOUR DAYS, WITH THE FINAL DAY OF THE MEETING LASTING ONLY FOR HALF A DAY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Donn Chatham MD Board Member | OfficerTrustee | $0 | |
S Randolph Waldman MD President | OfficerTrustee | $0 | |
Gina Barker RN Board Member | OfficerTrustee | $0 | |
Marianne Waldman RN Vice-Preside | OfficerTrustee | $0 | |
Kim Rosenstein Board Member | OfficerTrustee | $0 | |
Andrea Waldman Secretary/tr | OfficerTrustee | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $555,276 |
| Investment income | $154,100 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| 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 | $709,376 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $20,000 |
| 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. | $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 | $75,000 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $32,763 |
| Fees for services: Other | $8,320 |
| Advertising and promotion | $19,014 |
| Office expenses | $6,545 |
| Information technology | $31,862 |
| Royalties | $0 |
| Occupancy | $249,861 |
| Travel | $4,414 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $12 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $579,499 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $103,202 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $50,743 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $8,404,217 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $8,558,162 |
| Accounts payable and accrued expenses | $666 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $666 |
| Net assets without donor restrictions | $8,557,496 |
| Net assets with donor restrictions | $0 |
| 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 | $8,558,162 |