Society Of Assisted Reproductive Technology
- Assets
- $8.4m
- Revenue
- $2.0m
- Investments
- $4.0m
- Employees
- 0
- Location
- Washington, DC
- Founding
- 02/1988
- Data as of
- 06/2023
- EIN
- 63-0941694
Organization Overview
Society Of Assisted Reproductive Technology is located in Washington, DC. The organization was established in 1988. This organization is an itermediate organization (such as a geographic headquarters) for a national or regional group of organizations. Society Of Assisted Reproductive Technology is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2023, Society Of Assisted Reproductive Technology generated $2.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.9% each year. All expenses for the organization totaled $1.2m 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
SART IS THE PRIMARY ORGANIZATION OF PROFESSIONALS DEDICATED TO THE PRACTICE OF ASSISTED REPRODUCTIVE TECHNOLOGIES (ART) IN THE UNITED STATES. ART INCLUDES THE PRACTICE OF IN VITRO FERTILIZATION (IVF). THE MISSION OF OUR ORGANIZATION IS TO SET UP AND HELP MAINTAIN THE STANDARDS FOR ART IN AN EFFORT TO BETTER SERVE OUR MEMBERS AND OUR PATIENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SPONSOR ADVANCED PROGRAMS FOR PHYSICIANS TO FURTHER KNOWLEDGE AND EDUCATION IN THE AREA OF HUMAN REPRODUCTIVE TECHNOLOGY. THE NUMBER OF PERSONS BENEFITED VARIES WITH EACH COURSE.
DEVELOPMENT OF A NATIONWIDE REGISTRY PROGRAM FOR IN VITRO FERTILIZATION PROCEDURES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sangita Jindal PHD President | Officer | 2 | $0 |
Steven Spandorfer MD President-Elect | Officer | 2 | $0 |
Micah Hill DO Vice President | Officer | 2 | $7,500 |
Matthew Retzloff MD Secretary/treasurer | Officer | 2 | $0 |
Timothy N Hickman MD Immediate Past President | Officer | 2 | $0 |
Valerie L Baker MD Past President | Officer | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Hogan Lovells Us Llp Legal | 6/29/15 | $108,004 |
Redshift Technology Programming And Consulting | 6/29/15 | $472,363 |
Financial Statements
| 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 | $1,841,343 |
| Investment income | $161,698 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$4,224 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,998,817 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,000 |
| 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. | $27,765 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $65,235 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $37,777 |
| Fees for services: Accounting | $2,625 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $5,652 |
| Fees for services: Other | $13,000 |
| Advertising and promotion | $267 |
| Office expenses | $0 |
| Information technology | $42 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $213,830 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $42,156 |
| Insurance | $24,000 |
| All other expenses | $12,847 |
| Total functional expenses | $1,169,529 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,051,880 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $116,830 |
| 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 | $8,918 |
| Net Land, buildings, and equipment | $203,039 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $3,973,056 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $8,353,723 |
| Accounts payable and accrued expenses | $21,464 |
| Grants payable | $0 |
| Deferred revenue | $571,573 |
| 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 | $593,037 |
| 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 | $7,760,686 |
| Total liabilities and net assets/fund balances | $8,353,723 |