American Academy Of Neurology is located in Minneapolis, MN. The organization was established in 2008. According to its NTEE Classification (S46) the organization is classified as: Boards of Trade, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, American Academy Of Neurology employed 221 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Academy Of Neurology 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 Academy Of Neurology generated $44.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.2% each year. All expenses for the organization totaled $37.9m during the year ending 12/2021. While expenses have increased by 4.0% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE AMERICAN ACADEMY OF NEUROLOGY (AAN) EXISTS FOR THE BENEFIT OF ITS MEMBERS, TO DO THE THINGS COLLECTIVELY THAT WOULD BE NEARLY, IF NOT COMPLETELY, IMPOSSIBLE TO DO INDIVIDUALLY. NO MATTER WHAT STAGE OUR MEMBERS ARE IN THEIR CAREERS, OR WHAT THEIR ROLES ARE WITHIN THE FIELD OF NEUROLOGY, OUR COMMITMENT TO BE INDISPENSABLE TO OUR MEMBERS' PROFESSIONAL LIVES IS EVIDENT IN WHAT WE DO THROUGHOUT THE YEAR. THE AAN'S VISION IS TO BE INDISPENSABLE TO OUR MEMBERS. ITS MISSION IS TO PROMOTE THE HIGHEST QUALITY PATIENT-CENTERED NEUROLOGIC CARE AND ENHANCE MEMBER CAREER SATISFACTION. THE AMERICAN ACADEMY OF NEUROLOGY IS THE WORLD'S LARGEST ASSOCIATION OF NEUROLOGISTS AND NEUROSCIENCE PROFESSIONALS, WITH OVER 38,000 MEMBERS. THE AAN IS DEDICATED TO PROMOTING THE HIGHEST QUALITY PATIENT-CENTERED NEUROLOGIC CARE. A NEUROLOGIST IS A DOCTOR WITH SPECIALIZED TRAINING IN DIAGNOSING, TREATING AND MANAGING DISORDERS OF THE BRAIN AND NERVOUS SYSTEM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEMBERSHIP: EVEN IN THE FACE OF A SECOND YEAR OF THE CALAMITOUS PANDEMIC AND WIDESPREAD ECONOMIC UNCERTAINTY, THE AAN CONTINUED TO PROVE ITS VALUE TO NEUROLOGY BY LOGGING YET ANOTHER RECORD FOR MEMBERSHIP RECRUITMENT AND RETENTION. NEUROLOGISTS AND NEUROSCIENCE PROFESSIONALS FROM AROUND THE WORLD NOW MAKE UP MORE THAN 38,000 AAN MEMBERS. THIS SUCCESS IS DUE TO THE AAN'S ONGOING COMMITMENT TO GROW THE AVAILABLE RESOURCES FOR NEUROLOGISTS AND MEMBERS OF A NEUROLOGY CARE TEAM NO MATTER THEIR PRACTICE SETTING, CAREER STAGE, OR GEOGRAPHIC LOCATION.
TRAINING/TOOLS/RESOURCES: OUR ACCOMPLISHMENTS IN 2021 WERE VITAL TO THE MEMBERS OF THE ACADEMY. WE SUCCESSFULLY LOBBIED CONGRESS TO CONTINUE TO SUPPORT KEY TELEHEALTH INITIATIVES THAT ALLOWED PATIENTS TO ACCESS THEIR NEUROLOGISTS SAFELY AND IN A TIMELY MANNER. WE ALSO WERE SUCCESSFUL IN CONVINCING CONGRESS TO AVERT THE "MEDICARE CLIFF" THAT WOULD HAVE CAUSED A NEARLY 10-PERCENT REDUCTION TO MEDICARE REIMBURSEMENT ON JANUARY 1, 2022. AND OUR ADVOCACY EFFORTS LED CONGRESS TO INCREASE CRITICAL RESEARCH FUNDING. WE CONTINUED TO PUSH TO IMPROVE ACCESS TO NEUROLOGIC CARE BY EXPANDING THE PROFESSIONAL PIPELINE OF STUDENTS INTO THE NEUROLOGY SPECIALTY; ENGAGED ADVANCED PRACTICE PROVIDERS (APPS) AS KEY MEMBERS OF THE NEUROLOGY PATIENT CARE TEAM AND INCREASED THEIR NUMBERS TO A NEW RECORD LEVEL OF MEMBERS; AND KEPT MEMBERS INFORMED OF THE LATEST HEALTH CARE CHANGES, PARTICULARLY ABOUT THE COVID-19 PANDEMIC.
PUBLICATIONS: THE PUBLICATION OF SCIENTIFIC, SCHOLARLY, AND PRACTICE-RELATED CONTENT IS A VITAL PART OF THE AAN'S ACTIVITIES, AND ESSENTIAL TO THE CAREERS OF OUR MEMBERS. THE AAN'S PUBLICATIONS PROVIDE THIS CONTENT AND RESOURCES TO ACADEMY MEMBERS, AND ALSO PROVIDE AN OPPORTUNITY TO GENERATE REVENUE THAT HELPS KEEP MEMBERSHIP DUES LOW.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Mary E Post Chief Executive Officer | Officer | 51 | $560,770 |
Christine E Phelps Deputy Executive Director, Aani | Officer | 9 | $397,462 |
Bruce Levi Chief Legal And Strategy Officer | Officer | 44 | $360,340 |
Jason Kopinski Deputy Executive Director/chief Operating Officer | Officer | 37 | $346,558 |
Kevin C Myren Chief Financial Officer | Officer | 44 | $257,947 |
John Hutchins General Counsel | Officer | 38 | $252,580 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
American Academy Of Neurology Institute Access Facilities/equipment | 12/30/21 | $1,542,906 |
Ideal Printers Printing Jobs | 12/30/21 | $169,067 |
Medstar Georgetown University Hospital Reimbursement For Nj Editor | 12/30/21 | $203,200 |
Higher Logic Llc Hardware/software Maintenance | 12/30/21 | $146,168 |
Voro Marketing Services | 12/30/21 | $144,350 |
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 | $0 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
Total Program Service Revenue | $40,409,392 |
Investment income | $1,103,920 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $3,125,538 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $44,720,544 |
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. | $3,685,612 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $16,112,511 |
Pension plan accruals and contributions | $1,494,342 |
Other employee benefits | $2,562,670 |
Payroll taxes | $1,311,977 |
Fees for services: Management | $0 |
Fees for services: Legal | $50,619 |
Fees for services: Accounting | $0 |
Fees for services: Lobbying | $48,000 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $1,832,262 |
Advertising and promotion | $760,978 |
Office expenses | $524,121 |
Information technology | $1,568,384 |
Royalties | $0 |
Occupancy | $1,599,141 |
Travel | $71,867 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $129,105 |
Interest | $808 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $301,854 |
Insurance | $166,451 |
All other expenses | $0 |
Total functional expenses | $37,872,142 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $3,185,788 |
Savings and temporary cash investments | $23,696,676 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $4,811,138 |
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 | $426,048 |
Net Land, buildings, and equipment | $482,800 |
Investments—publicly traded securities | $7,887,660 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $40,490,110 |
Accounts payable and accrued expenses | $5,165,910 |
Grants payable | $0 |
Deferred revenue | $19,967,407 |
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 | $602,750 |
Total liabilities | $25,736,067 |
Net assets without donor restrictions | $14,754,043 |
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 | $40,490,110 |
Over the last fiscal year, American Academy Of Neurology has awarded $110,000 in support to 5 organizations.
Grant Recipient | Amount |
---|---|
Minneapolis, MN PURPOSE: To support Commitment to Cures and the ABC Innovative Initiative Sponsorship. | $65,000 |
Maple Grove, MN PURPOSE: ABC Innovative Initiative Sponsorship. | $15,000 |
UNIVERSITY OF PUERTO RICOATTN ENID CASTILLO PURPOSE: Provide financial support for travel related costs to attend the 2018 American Academy of Neurology Annual Meeting in Los Angeles, CA. | $12,500 |
UNIVERSIDAD CENTRAL DEL CARIBE INC PURPOSE: Hurricane relief grant. | $10,000 |
Minneapolis, MN PURPOSE: Sponsorship of Farmer's Market to support neighborhood. | $7,500 |
Over the last fiscal year, we have identified 2 grants that American Academy Of Neurology has recieved totaling $30,000.
Awarding Organization | Amount |
---|---|
Lundbeck Us Charitable Fund Deerfield, IL PURPOSE: PROGRAM SUPPORT FOR NEUROLOGISTS AND NEUROSCIENTISTS. | $15,000 |
Lundbeck Us Charitable Fund Deerfield, IL PURPOSE: PROGRAM SUPPORT FOR NEUROLOGISTS AND NEUROSCIENTISTS. | $15,000 |
Organization Name | Assets | Revenue |
---|---|---|
American Academy Of Neurology Minneapolis, MN | $40,490,110 | $44,720,544 |
Greater Minneapolis Convention & Visitors Association Minneapolis, MN | $9,011,213 | $11,529,520 |
Exemplar Global Inc Milwaukee, WI | $1,712,970 | $3,279,996 |
Yankton Thrive Inc Yankton, SD | $4,530,814 | $1,616,302 |
Lgbtq Real Estate Alliance Saint Paul, MN | $180,486 | $897,536 |
Minnesota Exploration Association Inc Duluth, MN | $252,703 | $417,376 |
Council Bluffs Convention And Visitors Bureau Council Bluffs, IA | $1,064,909 | $754,066 |
Minnesota Thoroughbred Association Inc Shakopee, MN | $30,505 | $523,741 |
Minnesota Milk Producers Association St Paul, MN | $490,032 | $536,553 |
Bctgm Local Union 167g Grand Forks, ND | $425,609 | $389,085 |
Federation Of Iowa Insurers Des Moines, IA | $466,519 | $394,695 |
Dakota Territory Gun Collectors Association Inc Sioux Falls, SD | $292,018 | $464,684 |