American Society Of Interventional Pain Physicians Inc
- Assets
- $1.5m
- Revenue
- $2.2m
- Investments
- $0.0
- Employees
- 14
- Location
- Paducah, KY
- Founding
- 02/2000
- Data as of
- 12/2021
- EIN
- 61-1335098
Organization Overview
American Society Of Interventional Pain Physicians Inc is located in Paducah, KY. The organization was established in 2000. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, American Society Of Interventional Pain Physicians Inc employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Society Of Interventional Pain Physicians Inc 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 Society Of Interventional Pain Physicians Inc generated $2.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.6%) each year. All expenses for the organization totaled $2.3m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (2.6%) per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE CORPORATION WAS FORMED TO ENHANCE THE COMMON INTERESTS AND CONDITIONS OF PHYSICIANS WHO PRACTICE PAIN MANAGEMENT. THE CORPORATION IS DEDICATED TO PROMOTING THE DEVELOPMENT OF AND PRACTICE OF SAFE HIGH-QUALITY COST-EFFECTIVE INTERVENTIONAL PAIN MEDICINE TECHNIQUES TO DIAGNOSE AND TREAT PAIN RELATED DISORDERS AND TO ENSURE PATIENT ACCESS TO THESE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION HELD ITS ANNUAL 3-DAY MEETING IN NEW ORLEANS LA. MANY MEMBERS WERE IN ATTENDANCE WITH SPEAKERS ENCOURAGING ADVANCEMENT IN THE PRACTICE OF INTERVENTIONAL PAIN MEDICINE. THE ORGANIZATION HAS OVER 4,000 MEMBERS. SESSIONS AND LECTURES OFFERED BY DISTINGUISHED KEYNOTE SPEAKERS INCLUDED "AN ADVERTISING AND MARKETING PLAYBOOK IN THE NEW ECONOMY IN THE COVID AND POST COVID ERA" "EVOLUTION AND RECENT DEVELOPMENTS IN TARGETED INTRATHECAL INFUSION SYSTEMS; AN UNDERUSED MODALITY" "THE STATE OF THE US HEALTHCARE AND IPM: A PERFECT STORM OR A PATH FOR SUCCESS?" "PAIN AND PREJUDICE" THE FUTURE OF HEALTHCARE" "ADVANCES IN SPINAL CORD STIMULATION; OPPORTUNITIES IN THE NEW HEALTHCARE MILLENNIUM" "EVOLVING CONCEPTS OF PNS: MECHANISMS TO OUTCOME" "EMERGING CONCEPTS IN ENDOSCOPIC LUMBAR DECOMPRESSION" "SPINAL CORD STIMULATION FOR ABDOMINAL PAIN" "DIGITAL SOLUTIONS TO IDENTIFY PAIN PATIENTS IN THE COMMUNITY MANAGE THEM EFFICIENTLY AND MAINTAIN THEIR THERAPY IN YOUR PRACTICE" "META-INFLAMMATION IN CHRONIC PAIN" "THE FUTURE ROLE OF TELEMEDICINE INCLUDING PHYSICAL EXAMINATION IN IPM" "LOOKING FORWARD TO INNOVATIONS IN HEALTHCARE: DIGITAL HEALTH AND ARTIFICIAL INTELLIGENCE". BREAK OUT SESSIONS EACH DAY WERE ALSO AVAILABLE WITH SESSIONS ON REGENERATIVE MEDICINE BILLING CODING & COMPLIANCE SPINAL CORD STIMULATION PERIPHERAL NERVE STIMULATION RADIOLOGY AND MINIMALLY INVASIVE TECHNOLOGIES.
THE ORGANIZATION HELD A COMPREHENSIVE BOARD REVIEW COURSE IN PAIN MEDICINE AND INTERVENTIONAL PAIN MANAGEMENT DURING THE YEAR AS WELL AS REGENERATIVE MEDICINE COMPETENCY. COMPETENCY CERTIFICATION WAS OFFERED. REVIEW COURSES IN CONTROLLED SUBSTANCE MANAGEMENT AND DOCUMENTATION CODING COMPLIANCE AND PRACTICE MANAGEMENT WERE ALSO OFFERED VIRTUALLY DURING THE YEAR. THESE COURSES WERE HELD AS A CME ACTIVITY TO PREPARE FOR COMPETENCY CERTIFICATION. WORKSHOPS IN LUMBAR ENDOSCOPIC SPINAL DECOMPRESSION AND COMPREHENSIVE INTERVENTIONAL TECHNIQUES WERE HELD DURING THE YEAR IN MEMPHIS TN. THESE COURSES WERE INTENDED TO PRESENT INTERVENTIONAL PAIN MANAGEMENT SPECIALISTS NURSES AND OTHER HEALTHCARE PROVIDERS AN IN-DEPTH REVIEW OF MULTIPLE AREAS OF INTERVENTIONAL PAIN MANAGEMENT.
THE ORGANIZATION ALSO OFFERED WEBINARS IN INTERVENTIONAL PAIN MANAGEMENT THROUGHOUT THE YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sheri Albers DO President Elect | OfficerTrustee | 1 | $1,000 |
Devi Nampiaparimpil MD Director | Trustee | 0.25 | $1,000 |
Harold Cordner MD Immediate Past President | OfficerTrustee | 0.25 | $0 |
Mahendra Sanapati MD Vice President | OfficerTrustee | 1 | $0 |
Laxmaiah Manchikanti MD Ceo-Lifetime Director | OfficerTrustee | 15 | $0 |
Amol Soin MD President | OfficerTrustee | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ryan Mackinnon Vasapoli And Berzok Prof Legal Serv | 12/30/15 | $130,000 |
Greenburg Traurig Llp Prof Legal Serv | 12/30/15 | $139,785 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $802,315 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $93,872 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $896,187 |
| Total Program Service Revenue | $1,120,835 |
| Investment income | $12,210 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $4,059 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $19,989 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$20,707 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,222,158 |
| 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. | $2,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $666,766 |
| Pension plan accruals and contributions | $28,157 |
| Other employee benefits | $82,731 |
| Payroll taxes | $46,705 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $125,247 |
| Fees for services: Accounting | $62,100 |
| Fees for services: Lobbying | $64,755 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,382 |
| Fees for services: Other | $72,000 |
| Advertising and promotion | $0 |
| Office expenses | $38,724 |
| Information technology | $9,370 |
| Royalties | $0 |
| Occupancy | $71,445 |
| Travel | $13,906 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $696,942 |
| Interest | $1,177 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,388 |
| Insurance | $30,441 |
| All other expenses | $0 |
| Total functional expenses | $2,254,270 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $443,345 |
| Savings and temporary cash investments | $5,912 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $74,069 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $184,484 |
| Net Land, buildings, and equipment | $12,743 |
| Investments—publicly traded securities | $823,101 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,543,654 |
| Accounts payable and accrued expenses | $237,572 |
| Grants payable | $10,150 |
| 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 | $247,722 |
| Net assets without donor restrictions | $0 |
| 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 | $1,295,932 |
| Total liabilities and net assets/fund balances | $1,543,654 |
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