American Foundation For Surgery Of The Hand
- Assets
- $37.9m
- Revenue
- $5.2m
- Investments
- $0.0
- Employees
- 11
- Location
- Chicago, IL
- Founding
- 10/1986
- Data as of
- 12/2021
- EIN
- 74-2428242
Organization Overview
American Foundation For Surgery Of The Hand is located in Chicago, IL. The organization was established in 1986. As of 12/2021, American Foundation For Surgery Of The Hand employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Foundation For Surgery Of The Hand 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 12/2021, American Foundation For Surgery Of The Hand generated $5.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.8% each year . All expenses for the organization totaled $1.3m 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
TO PROVIDE EDUCATIONAL SERVICES AND PROGRAMS CONCERNING HAND SURGERY; TO STIMULATE RESEARCH AND INVESTIGATION OF AND TEACHING ON THE METHODS FOR PREVENTING, CORRECTING AND TREATING DISEASES OF THE HAND ARISING FROM CONGENITAL, DEVELOPMENTAL, NUTRITIONAL, TRAUMATIC, OR OTHER CAUSES; TO PERFORM AND DO ANY AND ALL SUCH OTHER ACTS AS ARE NECESSARY, CONVENIENT, OR PROPER TO THE ATTAINMENT OF THESE OBJECTIVES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESEARCH PROGRAM - DEVELOP NEW IDEAS AND NEW KNOWLEDGE IN THE FIELD OF HAND AND UPPER EXTREMITY CARE THROUGH A VARIETY OF GRANTS.
EDUCATION PROGRAM - ELEVATING THE SKILL LEVEL OF SURGEONS IN THE AREAS OF HAND AND UPPER EXTREMITY SURGERY THROUGH FUNDING OF EDUCATIONAL PROGRAMS AND AWARDING OF GRANTS. INCLUDED IN HERE ARE RESIDENT AND FELLOW SCHOLARSHIPS WHICH ALLOW APPROXIMATELY 300 YOUNG SURGEONS TO ATTEND THE ASSH ANNUAL MEETING AT NO COST.
OUTREACH PROGRAM - TO PROVIDE "SHORT TERM MISSIONS" OF HAND SURGERY/THERAPY IN COMBINATION WITH PRACTICAL EDUCATION ON CURRENT TREATMENT OPTIONS FOR COMMON PROBLEMS IN UNDERSERVED AREAS. IN 2021, THIS INCLUDED THE TOUCHING HANDS WHICH RECEIVED DONATED EQUIPMENT AND SUPPLIES TO ASSIST WITH THESE MISSIONS.
ADDITIONAL SUPPORT FOR CHASE LIBRARY AND OTHER ADDITIONAL AWARDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Haley Licata Foundation Director | Officer | 19.5 | $52,744 |
Olivia Williams Director Of Communications | 4.6 | $25,946 | |
William Chandler CFO | Officer | 5 | $14,807 |
Mark C Anderson Ceo/executive VP | Officer | 1.5 | $7,873 |
Edward Diao MD Afsh President | OfficerTrustee | 5 | $0 |
William H Seitz Jr Vice Chair | OfficerTrustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $2,500,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $499,445 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,999,445 |
| Total Program Service Revenue | $0 |
| Investment income | $1,530,891 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $618,995 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,155,385 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,004,485 |
| 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. | $86,318 |
| Compensation of current officers, directors, key employees. | $79,094 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $60,155 |
| Pension plan accruals and contributions | $5,125 |
| Other employee benefits | $8,250 |
| Payroll taxes | $8,394 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,381 |
| Fees for services: Accounting | $21,535 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $26,741 |
| Fees for services: Other | $2,153 |
| Advertising and promotion | $0 |
| Office expenses | $3,083 |
| Information technology | $5,224 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $589 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $52,004 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,127 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,311,248 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $684,366 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $2,617,251 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $34,463,747 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $146,331 |
| Total assets | $37,911,695 |
| Accounts payable and accrued expenses | $182,724 |
| Grants payable | $999,984 |
| 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 | $58,730 |
| Total liabilities | $1,241,438 |
| Net assets without donor restrictions | $35,055,875 |
| Net assets with donor restrictions | $1,614,382 |
| 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 | $37,911,695 |
Grants Awarded
Over the last fiscal year, American Foundation For Surgery Of The Hand has awarded $999,485 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Chicago, IL PURPOSE: EDUCATION, RESEARCH, FELLOWSHIP AND OUTREACH GRANTS | $979,485 |
Chicago, IL PURPOSE: WEBSITE GRANT | $20,000 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that American Foundation For Surgery Of The Hand has recieved totaling $2,529,730.
| Awarding Organization | Amount |
|---|---|
American Society For Surgery Of The Hand Chicago, IL PURPOSE: TO SUPPORT EDUCATION, RESEARCH AND OUTREACH IN THE FIELD OF HAND SURGERY | $2,500,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HEALTH | $10,500 |
Bny Mellon Charitable Gift Fund Boston, MA PURPOSE: TO FURTHER THE ORGANIZATION'S EXEMPT PURPOSE | $10,000 |
Integra Foundation Inc Princeton, NJ PURPOSE: TRAVEL SCHOLARSHIPS - SUPPORT FOR EDUCATION SCHOLARSHIP FOR RESIDENTS FELLOWS AND ACTIVE DUTY MILITARY TO ATTEND THE ADRIAN E. FLATT RESIDENTS & FELLOWS CONFERENCE AND THE ASSH ANNUAL MEETING. | $7,500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $1,230 |
Melone Foundation For Orthopedic Re Search Of The Hand And Wrist New York, NY PURPOSE: GENERAL FUNDS | $500 |
Endowment Analysis
| Beg. Balance | $9,765,789 |
| Earnings | $1,160,432 |
| Admin Expense | $232 |
| Other Expense | $115,775 |
| Ending Balance | $10,810,214 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Arbor Research Collaborative For Health Ann Arbor, MI | $23,346,603 | $18,357,581 |
Institute For Humane Studies Arlington, VA | $19,221,469 | $20,882,389 |
American Diabetes Association Arlington, VA | $0 | $9,794,159 |
Morgridge Institute Foundation Inc Madison, WI | $491,309,219 | $74,942,129 |
Medical Device Innovation Consortium Arlington, VA | $8,765,414 | $16,908,156 |
American Institute For Cancer Research Arlington, VA | $18,214,497 | $14,242,691 |
Centralwest Healthcare Inc Saint Louis, MO | $11,731,408 | $18,084,103 |
Usona Institute Inc Madison, WI | $38,737,266 | $18,840,870 |
Lungevity Foundation Chicago, IL | $12,082,053 | $14,543,433 |
Memphis Bioworks Foundation Memphis, TN | $6,047,652 | $238,794 |
Minneapolis Heart Institute Foundation Minneapolis, MN | $51,520,170 | $19,174,876 |
Regenstrief Foundation Inc Indianapolis, IN | $0 | $6,850,830 |