Research Foundation Of The American Society Of Colon & Rectal Surgeons

Organization Overview

Research Foundation Of The American Society Of Colon & Rectal Surgeons is located in Bannockburn, IL. The organization was established in 1962. According to its NTEE Classification (G03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Research Foundation Of The American Society Of Colon & Rectal Surgeons 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 12/2023, Research Foundation Of The American Society Of Colon & Rectal Surgeons generated $359.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (6.1%) each year. All expenses for the organization totaled $466.2k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (2.3%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

THE FOUNDATION PROVIDES FUNDING AND RESEARCH PROGRAMS RELATED TO COLON AND RECTAL DISEASES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

CAREER DEVELOPMENT AWARD: AWARD PROVIDES FUNDS FOR TWO YEARS OF RESEARCH FOR YOUNG COLON AND RECTAL SURGEONS. IN THE AREAS OF PATHOPHYSIOLOGY, EVALUATION OR MANAGEMENT OF THE SMALL BOWEL, COLON, RECTUM OR ANUS.


GENERAL SURGERY GRANT: TO ATTRACT GENERAL SURGERY RESIDENTS INTO THE FIELD OF COLON AND RECTAL SURGERY BY PROVIDING OPPORTUNITIES TO ENGAGE IN CLINICAL OR LABORATORY-BASED RESEARCH FOCUSED ON DISEASES OF THE COLON, RECTUM AND ANUS.


LIMITED PROJECT GRANT: TO PROVIDE INVESTIGATORS THE OPPORTUNITY TO PURSUE RESEARCH INTEREST, SPECIFICALLY GERMANE TO THE FIELD OF COLON AND RECTAL SURGERY.


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Board, Officers & Key Employees

Name (title)Compensation
Ronald Bleday MD
Past President
$0
Elizabeth C Wick MD
President
$0
Rocco Ricciardi MD
Secretary
$0
Conor P Delaney MD PHD
Trustee
$0
Matthew F Kalady MD
Trustee
$0
Arden Morris MD
Trustee
$0

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$70,266
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$70,266
Total Program Service Revenue$0
Investment income $206,948
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $82,497
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $359,711

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