American College Of Osteopathic Surgeons is located in Alexandria, VA. The organization was established in 1990. According to its NTEE Classification (B01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Education and related organizations. As of 06/2023, American College Of Osteopathic Surgeons employed 8 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. American College Of Osteopathic Surgeons 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 06/2023, American College Of Osteopathic Surgeons generated $2.3m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.4%) each year. All expenses for the organization totaled $2.6m during the year ending 06/2023. 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
ASSURING EXCELLENCE IN OSTEOPATHIC SURGICAL CARE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ANNUAL CLINICAL ASSEMBLY: ANNUAL MEETING OF AMERICAN COLLEGE OF OSTEOPATHIC SURGEONS (THE COLLEGE) MEMBERS OFFERING FOUR DAYS OF EDUCATIONAL PROGRAMS, SEMINARS, LABS, AND SCIENTIFIC TECHNICAL DISPLAYS.
IN DEPTH REVIEW SEMINAR: AN EDUCATIONAL PROGRAM FOR THE COLLEGE MEMBERS ON NEW AND PROBLEMATIC TOPICS IN GENERAL SURGERY.
ACOS NEWS: MONTHLY NEWSLETTER DISTRIBUTED TO ALL MEMBERS AND CONTAINING MONTHLY UPDATES ON MANAGED COMPETITION, GRADUATE MEDICAL EDUCATION, MEDICARE FEE SCHEDULES, HEALTHCARE REFORM, AND OTHER ISSUES OF CONCERN TO MEMBERSHIP.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Kristen J Conrad-Schnetz President | OfficerTrustee | 1 | $0 |
Christopher A Reeder Past-President | OfficerTrustee | 1 | $0 |
J Bracken Burns Jr President-Elect | OfficerTrustee | 1 | $0 |
Nelayda Fonte Secretary-Treasurer | OfficerTrustee | 1 | $0 |
Francesco T Mangano At-Large Bog Member | Trustee | 1 | $0 |
Peter U Baik Bog Member | Trustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $53,350 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $32,500 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $85,850 |
Total Program Service Revenue | $2,099,343 |
Investment income | $154,353 |
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 | $2,344,582 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $12,500 |
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. | $502,259 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $350,743 |
Pension plan accruals and contributions | $35,404 |
Other employee benefits | $43,592 |
Payroll taxes | $61,983 |
Fees for services: Management | $0 |
Fees for services: Legal | $8,206 |
Fees for services: Accounting | $15,314 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $100,112 |
Advertising and promotion | $456 |
Office expenses | $132,439 |
Information technology | $122,097 |
Royalties | $0 |
Occupancy | $273,407 |
Travel | $62,021 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $667,130 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $94,149 |
Insurance | $21,805 |
All other expenses | $0 |
Total functional expenses | $2,574,756 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $877,376 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $24,694 |
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 | $90,553 |
Net Land, buildings, and equipment | $446,764 |
Investments—publicly traded securities | $5,931,905 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $1,872,096 |
Total assets | $9,243,388 |
Accounts payable and accrued expenses | $201,527 |
Grants payable | $0 |
Deferred revenue | $901,928 |
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 | $2,947,713 |
Total liabilities | $4,051,168 |
Net assets without donor restrictions | $5,192,220 |
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 | $9,243,388 |
Over the last fiscal year, American College Of Osteopathic Surgeons has awarded $253,200 in support to 7 organizations.
Grant Recipient | Amount |
---|---|
AMERICAN COLLEGE OF OSTEOPATHIC SURGEONS UROLOGICAL DISCIPLINE PURPOSE: ACA Speaker Grant | $8,500 |
AMERICAN COLLEGE OF OSTEOPATHIC SURGEONS GENERAL SURGERY DISCIPLINE PURPOSE: ACA Speaker Grant | $10,000 |
ACOS CARDIOTHORACIC & VASCULAR SURGERY PURPOSE: ACA Speaker Grant | $8,500 |
AMERICAN COLLEGE OF OSTEOPATHIC SURGEONS NEUROLOGICAL SURGERY DISCIPLINE PURPOSE: ACA Speaker Grant | $8,500 |
ACOS STUDENT OSTEOPATHIC SURGICAL ASSOCIATION PURPOSE: SOSA Discipline Grant | $12,500 |
ACOS PLASTIC & RECONSTRUCTIVE SURGERY DIVISION PURPOSE: ACA Speaker Grant | $5,200 |