American Surgical Association
- Assets
- $6.0m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Beverly, MA
- Founding
- 09/1977
- Data as of
- 12/2023
- EIN
- 95-3126287
Organization Overview
American Surgical Association is located in Beverly, MA. The organization was established in 1977. According to its NTEE Classification (E03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Surgical Association 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 Surgical Association generated $1.3m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $877.8k during the year ending 12/2023. While expenses have increased by 1.3% 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
TO CONDUCT A BUSINESS LEAGUE IN THE FIELD OF SURGERY; TO ENGAGE IN RESEARCH AND THE ADVANCEMENT OF KNOWLEDGE IN THE FIELD OF SURGERY FOR THE IMPROVEMENT OF THE CAPABILITIES OF PERSONS PARTICIPATING IN THE PROFESSION AND TO PROVIDE MEANS OF FURTHERING PROFESSIONAL, TRAINING, DEVELOPMENT OF TECHNICAL BACKGROUND AND PROMOTING EDUCATION OF INDIVIDUALS IN TRAINING OR OTHERWISE EMPLOYED IN THE PROFESSION. THIS MISSION IS ACCOMPLISHED PRIMARILY BY CONDUCTING AN ANNUAL SCIENTIFIC MEETING CONSISTING OF SELECTED PRESENTATIONS CONTAINING THE MOST CURRENT INFORMATION AVAILABLE ON CLINICAL AND RESEARCH TOPICS RELATED TO SURGERY OR SURGICAL SPECIALTIES, INCLUDING STUDIES ON OUTCOMES, PRACTICE OF SURGERY AND ETHICAL AND OTHER ISSUES THAT AFFECT ITS PRACTICE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ANNUAL MEETING - YEARLY CONFERENCE WHICH UPDATES MEMBERS OF NEW SURGICAL PROCEDURES AND TREATMENTS.
PUBLICATIONS - A RECORD OF THE ASSOCIATION'S ANNUAL TRANSACTIONS TO INCLUDE A MEMBERSHIP ROSTER, MINUTES OF ALL MEETINGS, AND SUMMARY OF MEDICAL PAPERS PRESENTED AT THE ANNUAL MEETING.
GRANTS - TO ENCOURAGE THE STUDY OF AND TO MAINTAIN THE HIGHEST POSSIBLE STANDARDS FOR SURGICAL EDUCATION, PRACTICE, AND RESEARCH; AND TO AID IN THE DEVELOPMENT OF FUTURE ACADEMIC SURGICAL LEADERS AND OF HEALTH POLICY MANAGERS.
COMMITTEES - MEETINGS DURING THE YEAR BY VARIOUS MEMBERS WHICH ENHANCE THE MEMBERSHIP BY MANAGING ASSOCIATION AND KEEPING THE MEMBERS UPDATED REGARDING MEDICAL RELATED MATTERS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steven Stain MD Pres/ Pres-E | OfficerTrustee | 2 | $0 |
Ronald J Weigel MD President-El | OfficerTrustee | 2 | $0 |
Michael J Zinner MD Facs Vice Preside | OfficerTrustee | 2 | $0 |
Mary T Hawn MD Secretary | OfficerTrustee | 2 | $0 |
Kelly M Mcmasters MD PHD Treasurer | OfficerTrustee | 2 | $0 |
Kelly K Hunt MD Recorder | OfficerTrustee | 2 | $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 | $100,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $100,000 |
| Total Program Service Revenue | $534,041 |
| Investment income | $151,011 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $490,965 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,276,017 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $254,000 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $235,895 |
| Fees for services: Legal | $308 |
| Fees for services: Accounting | $7,371 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $13,958 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $5,480 |
| Information technology | $0 |
| 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 | $288,256 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,895 |
| All other expenses | $98 |
| Total functional expenses | $877,807 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $895,886 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $5,067,447 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $10,158 |
| Total assets | $5,973,491 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $300 |
| 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 | $12,325 |
| Total liabilities | $12,625 |
| Net assets without donor restrictions | $5,960,866 |
| 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 | $5,973,491 |