American Board Of Neurological Surgery
- Assets
- $12.6m
- Revenue
- $4.8m
- Investments
- $0.0
- Employees
- 7
- Location
- Rochester, MN
- Founding
- 09/1970
- Data as of
- 12/2021
- 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 12/2021, American Board Of Neurological Surgery employed 7 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 12/2021, American Board Of Neurological Surgery generated $4.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.0% each year. All expenses for the organization totaled $2.6m during the year ending 12/2021. 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
2021
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 MAY OF 2021, THE PRIMARY EXAM WAS TAKEN BY 627 EXAMINEES FOR SELF-ASSESSMENT AND 225 EXAMINEES FOR CREDIT. THE PASS RATE FOR THOSE WHO TOOK IT FOR CREDIT WAS 96%.B. THE ABNS ORAL EXAMINATION IS GIVEN TWICE A YEAR; SPRING AND FALL. THE 2021 SPRING ADMINISTRATION HAD A PASS RATE OF 86% . THE 2021 FALL ADMINISTRATION HAD A PASS RATE OF 86.7%. C. THERE ARE CURRENTLY 5,966 ACTIVE DIPLOMATES. D. IN 2021, 15 INDIVIDUALS LOST BOARD CERTIFICATION. E. WE ARE ACTIVELY TRACKING MORE THAN 1,550 RESIDENTS ENROLLED IN AN ACGME ACCREDITED NEUROSURGERY PROGRAM.F. IN 2021, THE ABNS REQUIRED ALL NEW GRADUATES TO BEGIN PARTICIPATING IN CONTINUOUS CERTIFICATION. G. IN 2021, 199 UNIQUE INDIVIDUALS PARTICIPATED IN THE NEUROANATOMY EXAMINATIONI. 2 MASTERED ON FIRST ATTEMPTII. 61 MASTERED ON SECOND ATTEMPTIII. 49 MASTERED ON THIRD ATTEMPTIV. 25 MASTERED ON THE FOURTH AND FINAL ATTEMPTIN 2021, THE PARTICIPATION IN OUR LEARNING TOOLS FOR THE CC PROGRAM ARE LISTED BELOW: H. 2,915 UNIQUE COMPLETIONS (NOT INCLUDED IN PROCESS, STARTED, ETC.):I. 2,408 GENERAL LEARNING TOOL COMPLETIONSII. 127 CNS ENDOVASCULAR LEARNING TOOL COMPLETIONSIII. 113 NCC LEARNING TOOL COMPLETIONSIV. 271 PEDS LEARNING TOOL COMPLETIONS
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elizabeth S Koehnen Cao | 40 | $161,716 | |
John A Wilson MD Treasurer | OfficerTrustee | 3 | $0 |
Russell Lonser MD Secretary | OfficerTrustee | 3 | $0 |
Elad I Levy MD MBA Vice Chair | OfficerTrustee | 3 | $0 |
Frederick Boop MD Chair | OfficerTrustee | 3 | $0 |
Fredric B Meyer MD Executive Director | OfficerTrustee | 8 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Hogan Lovells Us Llp Legal | 12/30/21 | $175,274 |
Mayo Clinic Consulting | 12/30/21 | $342,657 |
The Westin Kierland Resort & Spa Exam Venue | 12/30/21 | $103,976 |
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 | $1,224,537 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,224,537 |
| Total Program Service Revenue | $3,280,382 |
| Investment income | $121,992 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $128,919 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,755,830 |
| 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 | $447,823 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $66,615 |
| Payroll taxes | $0 |
| Fees for services: Management | $265,419 |
| Fees for services: Legal | $128,822 |
| Fees for services: Accounting | $31,522 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $40,396 |
| Fees for services: Other | $54,279 |
| Advertising and promotion | $0 |
| Office expenses | $106,447 |
| Information technology | $275,875 |
| Royalties | $0 |
| Occupancy | $15,942 |
| Travel | $344,650 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $68,576 |
| Interest | $97 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $128,504 |
| Insurance | $87,596 |
| All other expenses | $20,626 |
| Total functional expenses | $2,584,553 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,766,513 |
| Savings and temporary cash investments | $59,260 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,077,683 |
| 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 | $319,087 |
| Net Land, buildings, and equipment | $614,273 |
| Investments—publicly traded securities | $7,809,416 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $12,646,232 |
| Accounts payable and accrued expenses | $274,864 |
| Grants payable | $0 |
| Deferred revenue | $519,550 |
| 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 | $794,414 |
| Net assets without donor restrictions | $11,851,818 |
| 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 | $12,646,232 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Board Of Veterinary Medical Examinors Bismarck, ND | $13,802,610 | $7,723,200 |
Minnesota Medical Association Minneapolis, MN | $26,567,946 | $4,234,850 |
Minnesota Dental Association Minneapolis, MN | $9,264,226 | $3,350,687 |
American Board Of Neurological Surgery Rochester, MN | $12,646,232 | $4,755,830 |
Iowa Medical Society Des Moines, IA | $8,413,197 | $2,540,807 |
South Dakota State Medical Association Sioux Falls, SD | $10,781,756 | $1,840,981 |
Federation Of Clinical Immunology Societies Inc Menomonee Falls, WI | $2,311,977 | $1,428,545 |
Iowa Dental Association Genl Fund Des Moines, IA | $1,346,635 | $1,178,998 |
Twin Cities Medical Society Roseville, MN | $1,384,037 | $782,382 |
Academy Of Neurologic Physical Therapy Inc Roseville, MN | $2,802,428 | $712,000 |
World Allergy Organization Inc Milwaukee, WI | $1,767,548 | $667,016 |
South Dakota Dental Association Pierre, SD | $927,015 | $722,720 |