American Academy Of Neurology
- Assets
- $38.0m
- Revenue
- $49.1m
- Investments
- $0.0
- Employees
- 237
- Location
- Minneapolis, MN
- Founding
- 01/2008
- Data as of
- 12/2023
- EIN
- 61-1532062
Organization Overview
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 12/2023, American Academy Of Neurology employed 237 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 12/2023, American Academy Of Neurology generated $49.1m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 5.9% each year. All expenses for the organization totaled $44.9m during the year ending 12/2023. While expenses have increased by 5.1% per year over the past 9 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
2023
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 ITS MEMBERS. ITS MISSION IN 2023 WAS 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 MORE THAN 40,000 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: THE AAN CONTINUED TO PROVE ITS VALUE TO NEUROLOGY IN 2023 BY MAINTAINING RECORD MEMBERSHIP RECRUITMENT AND RETENTION. NEUROLOGISTS AND NEUROSCIENCE PROFESSIONALS FROM AROUND THE WORLD MAKE UP MORE THAN 40,000 AAN MEMBERS.
TRAINING/TOOLS/RESOURCES: THE AAN PREPARED MEMBERS FOR A NEW TRACK THAT THE CENTERS FOR MEDICARE & MEDICAID SERVICES (CMS) ESTABLISHED WITHIN THE QUALITY PAYMENT PROGRAM (QPP) CALLED MIPS VALUE PATHWAYS (MVP), WHICH WAS AVAILABLE IN 2023. THE AAN PREPARED RESOURCES ON THE THREE MVPS RELEVANT TO NEUROLOGY: STROKE, EPISODIC NEUROLOGICAL CONDITIONS, AND NEURODEGENERATIVE CONDITIONS. FINALLY, THE AAN FACILITATED SUPPORT AND INCREASED VISIBILITY OF THE CONRAD STATE 30 AND PHYSICIAN ACCESS REAUTHORIZATION ACT BY LEADING A COALITION OF ORGANIZATIONS IN SUPPORT OF THE ACT, ORGANIZING COALITION GROUP EVENTS WITH SENATE AND HOUSE OFFICES, AND CREATING RESOURCES.
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 ITS MEMBERS. THE AAN'S PUBLICATIONS OFFER THIS CONTENT AND RESOURCES TO ACADEMY MEMBERS AND PROVIDE AN OPPORTUNITY TO GENERATE REVENUE THAT HELPS KEEP MEMBERSHIP DUES LOW. SEVERAL OF THESE IMPORTANT PUBLICATIONS SAW ENHANCEMENTS IN 2023. THE AAN'S FLAGSHIP NEUROLOGY(R) JOURNAL MOVED TO A NEW, STREAMLINED SYSTEM FOR SUBMITTING RESEARCH MANUSCRIPTS AND DECREASING TURNAROUND TIMES. IT ALSO MIGRATED TO A NEW WEB PLATFORM THAT INCREASED ACCESSIBILITY AND DISCOVERABILITY OF ARTICLE CONTENT. FINALLY, THE ENTIRE NEUROLOGY FAMILY OF JOURNALS SHIFTED TO CONTINUOUS PUBLISHING, DECREASING TIME TO FINAL PUBLICATION OF AN ACCEPTED ARTICLE BY SIX WEEKS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary E Post Chief Executive Officer | Officer | 48 | $601,293 |
Jason Kopinski Deputy Executive Director/chief Operating Officer | Officer | 44 | $389,261 |
Kelly Ricker Chief Learning Officer | Officer | 3 | $370,854 |
John Hutchins General Counsel | Officer | 44 | $330,310 |
Angela Babb Chief Communications And Membership Officer | Officer | 46 | $323,910 |
Kevin C Myren Chief Financial Officer | Officer | 28 | $315,146 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Taylor Corporation Marketing Services | 12/30/23 | $239,108 |
American Academy Of Neurology Institute Access Facilities/equipment | 12/30/23 | $1,514,062 |
Voro Marketing Services | 12/30/23 | $229,348 |
The Mayflower Hotel Hospitality Services | 12/30/23 | $253,264 |
Fionta Incorporated Salesforce And Web Development | 12/30/23 | $1,394,652 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $37,418 |
| All other contributions, gifts, grants, and similar amounts not included above | $286,918 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $324,336 |
| Total Program Service Revenue | $47,843,837 |
| Investment income | $892,720 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$41,006 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $49,078,054 |
| 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. | $3,703,735 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $18,636,230 |
| Pension plan accruals and contributions | $1,845,383 |
| Other employee benefits | $2,364,557 |
| Payroll taxes | $1,499,304 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $55,871 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $45,896 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $43,996 |
| Fees for services: Other | $2,993,110 |
| Advertising and promotion | $961,572 |
| Office expenses | $593,848 |
| Information technology | $1,647,232 |
| Royalties | $0 |
| Occupancy | $1,748,435 |
| Travel | $1,298,652 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,096,179 |
| Interest | $26,928 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $143,274 |
| Insurance | $203,596 |
| All other expenses | $0 |
| Total functional expenses | $44,925,683 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,909,612 |
| Savings and temporary cash investments | $23,500,685 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,879,552 |
| 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 | $616,232 |
| Net Land, buildings, and equipment | $1,436,013 |
| Investments—publicly traded securities | $692,324 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $38,034,418 |
| Accounts payable and accrued expenses | $6,477,325 |
| Grants payable | $0 |
| Deferred revenue | $9,431,961 |
| 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 | $1,932,042 |
| Total liabilities | $17,841,328 |
| Net assets without donor restrictions | $19,820,927 |
| Net assets with donor restrictions | $372,163 |
| 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 | $38,034,418 |
Grants Awarded
Over the last fiscal year, American Academy Of Neurology has awarded $220,000 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN BRAIN FOUNDATION PURPOSE: To support Commitment to Cures and the ABC Innovative Initiative Sponsorship. | $65,000 |
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 |
MILL CITY FARMERS MARKET PURPOSE: Sponsorship of Farmer's Market to support neighborhood. | $7,500 |
AMERICAN BRAIN COALITION PURPOSE: ABC Innovative Initiative Sponsorship. | $15,000 |
AMERICAN BRAIN FOUNDATION PURPOSE: To support Commitment to Cures and the ABC Innovative Initiative Sponsorship. | $65,000 |
UNIVERSIDAD CENTRAL DEL CARIBE INC PURPOSE: Hurricane relief grant. | $10,000 |