American Society Of Interventional Pain Physicians Inc
- Assets
- $1.6m
- Revenue
- $2.7m
- Investments
- $0.0
- Employees
- 12
- Location
- Paducah, KY
- Founding
- 02/2000
- Data as of
- 12/2022
- 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 12/2022, American Society Of Interventional Pain Physicians Inc employed 12 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 12/2022, American Society Of Interventional Pain Physicians Inc generated $2.7m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.8%) each year. All expenses for the organization totaled $2.6m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (0.6%) 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
2022
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 LAS VEGAS NV. 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 "PUBLIC RELATIONS CAMPAIGN FOR SURVIVAL OF IPM PRACTICES DURING LONG COVID" "CURRENT STATE AND FUTURE DEVELOPMENTS IN NEUROMODULATION FOR CHRONIC PAIN" "DOCUMENTATION OF MEDICAL NECESSITY: AN ALGORITHMIC APPROACH TO EPIDURAL AND FACET JOINT INTERVENTIONAL LCDS AND EVALUATION AND MANAGEMENT SERVICES" "SOLUTIONS IN EPIDURAL INJECTIONS: SODIUM CHLORIDE SOLUTION LOCAL ANESTHETIC ALONE OR STEROIDS WITH LOCAL ANESTHETIC? DO THEY REALLY MATTER?" "UPDATE ON CHANGING HEALTHCARE IN THE US". BREAK OUT SESSIONS EACH DAY WERE ALSO AVAILABLE WITH SESSIONS ON REGENERATIVE MEDICINE BILLING CODING & COMPLIANCE ENDOSCOPIC DECOMPRESSION FLUOROSCOPY IN IPM SPINAL CORD STIMULATION PERIPHERAL NERVE STIMULATION PRACTICE DEVELOPMENT AND MINIMALLY INVASIVE TECHNOLOGIES.
THE ORGANIZATION HELD COMPREHENSIVE BOARD REVIEW COURSES IN PERIPHERAL NERVE STIMULATION AND INTERVENTIONAL TECHNIQUES ALONG WITH HANDS-ON CADAVER WORKSHOPS IN MEMPHIS TN. REVIEW COURSES IN CONTROLLED SUBSTANCE MANAGEMENT AND PRACTICE MANAGEMENT WERE ALSO OFFERED VIRTUALLY DURING THE YEAR. THESE COURSES WERE HELD AS A CME ACTIVITY TO PREPARE FOR COMPETENCY CERTIFICATION. 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 |
|---|---|---|---|
Laxmaiah Manchikanti MD Ceo-Lifetime Director | OfficerTrustee | 15 | $187,287 |
Amol Soin MD Immediate Past President | OfficerTrustee | 0.25 | $0 |
Sheri Albers DO President | OfficerTrustee | 3 | $2,000 |
Salahadin Abdi MD President Elect | OfficerTrustee | 1 | $0 |
Sudhir Diwan MD Director Emeritus | Trustee | 0.25 | $0 |
Mahendra Sanapati MD Second Exec Vice President | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Greenburg Traurig Llp Prof Legal Serv | 12/30/15 | $139,785 |
Ryan Mackinnon Vasapoli And Berzok Prof Legal Serv | 12/30/15 | $130,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $826,810 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $149,858 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $976,668 |
| Total Program Service Revenue | $1,690,403 |
| Investment income | $16,749 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $6,527 |
| 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 | -$7,941 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,682,406 |
| 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. | $190,287 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $776,281 |
| Pension plan accruals and contributions | $30,946 |
| Other employee benefits | $93,175 |
| Payroll taxes | $57,164 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $133,255 |
| Fees for services: Accounting | $62,475 |
| Fees for services: Lobbying | $67,637 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,114 |
| Fees for services: Other | $21,032 |
| Advertising and promotion | $0 |
| Office expenses | $54,895 |
| Information technology | $9,147 |
| Royalties | $370 |
| Occupancy | $67,730 |
| Travel | $32,953 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $742,905 |
| Interest | $1,052 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,842 |
| Insurance | $28,983 |
| All other expenses | $0 |
| Total functional expenses | $2,584,402 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $428,475 |
| Savings and temporary cash investments | $5,913 |
| 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 | $119,420 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $182,013 |
| Net Land, buildings, and equipment | $11,854 |
| Investments—publicly traded securities | $850,989 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,598,664 |
| Accounts payable and accrued expenses | $169,578 |
| 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 | $179,728 |
| 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 | $1,418,936 |
| Total liabilities and net assets/fund balances | $1,598,664 |