American Board Of Neurological Surgery
- Assets
- $13.5m
- Revenue
- $5.2m
- Investments
- $0.0
- Employees
- 8
- Location
- Rochester, MN
- Founding
- 09/1970
- Data as of
- 12/2022
- EIN
- 56-6067043
Organization Overview
American Board Of Neurological Surgery is located in Rochester, MN. The organization was established in 1970. According to its NTEE Classification (G90) the organization is classified as: Medical Disciplines, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. As of 12/2022, American Board Of Neurological Surgery employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Board Of Neurological 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 Board Of Neurological Surgery generated $5.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 8.3% each year. All expenses for the organization totaled $3.5m during the year ending 12/2022. While expenses have increased by 4.0% 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 BROAD AIM OF THE AMERICAN BOARD OF NEUROLOGICAL SURGERY IS TO ENCOURAGE THE STUDY, IMPROVE THE PRACTICE, ELEVATE THE STANDARDS AND ADVANCE THE SCIENCE OF NEUROLOGICAL SURGERY AND THEREBY SERVE THE CAUSE OF PUBLIC HEALTH. THE PRIMARY PURPOSES OF THE AMERICAN BOARD OF NEUROLOGICAL SURGERY (ABNS) ARE TO CONDUCT EXAMINATIONS OF CANDIDATES WHO VOLUNTARILY SEEK CERTIFICATION AND TO ISSUE CERTIFICATES TO THOSE WHO MEET THE REQUIREMENTS OF THE BOARD AND SATISFACTORILY COMPLETE ITS EXAMINATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
A. IN MARCH OF 2022, THE PRIMARY EXAM WAS TAKEN BY 626 EXAMINEES FOR SELF-ASSESSMENT AND 225 EXAMINEES FOR CREDIT. THE PASS RATE FOR THOSE WHO TOOK IT FOR CREDIT WAS 97%.B. THE ABNS ORAL EXAMINATION IS GIVEN TWICE A YEAR; SPRING AND FALL. THE 2022 SPRING ADMINISTRATION HAD A PASS RATE OF 90.7%. THE 2022 FALL ADMINISTRATION HAD A PASS RATE OF 90.3%. C. THERE ARE CURRENTLY 6,185 ACTIVE DIPLOMATES. D. IN 2022, 35 INDIVIDUALS LOST BOARD CERTIFICATION. E. WE ARE ACTIVELY TRACKING MORE THAN 1,600 RESIDENTS ENROLLED IN AN ACGME ACCREDITED NEUROSURGERY PROGRAM.F. IN 2022, THE ABNS REQUIRED ALL NEW GRADUATES TO BEGIN PARTICIPATING IN CONTINUOUS CERTIFICATION. IN 2022, THE PARTICIPATION IN OUR LEARNING TOOLS FOR THE CC PROGRAM ARE LISTED BELOW: H. 4,222 UNIQUE COMPLETIONS (NOT INCLUDED IN PROCESS, STARTED, ETC.):I. 3,252 GENERAL LEARNING TOOL COMPLETIONSII. 322 CNS ENDOVASCULAR LEARNING TOOL COMPLETIONSIII. 283 NCC LEARNING TOOL COMPLETIONSIV. 365 PEDS LEARNING TOOL COMPLETIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John A Wilson MD Treasurer | OfficerTrustee | 3 | $0 |
Marjorie C Wang MD Chair | OfficerTrustee | 3 | $0 |
Russell Lonser MD Secretary | OfficerTrustee | 3 | $0 |
Elad I Levy MD MBA Former Vice Chair | OfficerTrustee | 3 | $0 |
John J Knightly MD Former Vice Chair | OfficerTrustee | 3 | $0 |
Steven N Kalkanis MD Vice Chair | OfficerTrustee | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
The Westin Kierland Resort & Spa Exam Venue | 12/30/22 | $383,737 |
Hogan Lovells Us Llp Legal | 12/30/22 | $353,463 |
Mayo Clinic Consulting | 12/30/22 | $174,856 |
Scitent Inc Certification Management System | 12/30/22 | $101,947 |
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 | $1,667,001 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,667,001 |
| Total Program Service Revenue | $3,400,907 |
| Investment income | $166,480 |
| 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 | $5,234,388 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 | $604,186 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $124,757 |
| Payroll taxes | $0 |
| Fees for services: Management | $263,513 |
| Fees for services: Legal | $379,448 |
| Fees for services: Accounting | $35,324 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $43,438 |
| Fees for services: Other | $17,344 |
| Advertising and promotion | $0 |
| Office expenses | $69,558 |
| Information technology | $483,188 |
| Royalties | $0 |
| Occupancy | $17,504 |
| Travel | $678,796 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,958 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $179,898 |
| Insurance | $136,255 |
| All other expenses | $1,649 |
| Total functional expenses | $3,540,663 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,280,281 |
| Savings and temporary cash investments | $101,855 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,487,415 |
| 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 | $340,182 |
| Net Land, buildings, and equipment | $595,095 |
| Investments—publicly traded securities | $8,455,939 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $250,000 |
| Total assets | $13,510,767 |
| Accounts payable and accrued expenses | $543,418 |
| Grants payable | $0 |
| Deferred revenue | $179,509 |
| 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 | $722,927 |
| Net assets without donor restrictions | $12,787,840 |
| 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 | $13,510,767 |