American Society Of Cataract & Refractive Surgery
- Assets
- $11.9m
- Revenue
- $16.1m
- Investments
- $0.0
- Employees
- 55
- Location
- Fairfax, VA
- Founding
- 06/1984
- Data as of
- 08/2021
- EIN
- 95-3877992
Organization Overview
American Society Of Cataract & Refractive Surgery, operating under the name Ascrs, is located in Fairfax, VA. The organization was established in 1984. According to its NTEE Classification (G9B) the organization is classified as: Surgical Specialties, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. As of 08/2021, Ascrs employed 55 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ascrs 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 08/2021, Ascrs generated $16.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.7% each year. All expenses for the organization totaled $12.9m during the year ending 08/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Ascrs has awarded 18 individual grants totaling $485,000. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO EMPOWER ANTERIOR SEGMENT SURGEONS TO IMPROVE THE VISION, OUTCOMES AND QUALITY OF LIFE FOR THEIR PATIENTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ANNUAL SYMPOSIUM AND OTHER MEETINGS THROUGHOUT THE YEAR PROVIDE EDUCATION IN THE FIELDS OF CATARACT AND REFRACTIVE SURGERY AND OTHER OPHTHALMOLOGY RELATED TOPICS. THE MEETINGS ARE EDUCATIONAL AND PROMOTE THE SOCIETY'S EXEMPT PURPOSE.
THE JOURNAL OF CATARACT AND REFRACTIVE SURGERY, PUBLISHED MONTHLY, IS EDUCATIONAL IN NATURE AND SERVES TO PROMOTE THE EXEMPT PURPOSE OF THE ORGANIZATION. INCLUDED ARE ARTICLES ON ALL ASPECTS OF ANTERIOR SEGMENT SURGERY. IN ADDITION TO ORIGINAL CLINICAL STUDIES, THE JOURNAL FEATURES A CONSULTATION SECTION, PRACTICAL TECHNIQUES, IMPORTANT CASES, AND REVIEWS AS WELL AS BASIC SCIENCE ARTICLES.
THE BI-MONTHLY PUBLICATION, ADMINISTRATIVE EYECARE, CONTAINS INFORMATION ABOUT OPHTHALMIC OFFICE ADMINISTRATION AND SERVICES TO PROMOTE THE EXEMPT PURPOSE OF THE ORGANIZATION. REGULAR COLUMNS INCLUDE BUSINESS OPERATIONS, FINANCE, HUMAN RESOURCES, INFORMATION TECHNOLOGY, LEGAL ISSUES, MANAGEMENT, MARKETING, REVENUE GENERATION, CODING AND REIMBURSEMENT, LEGISLATIVE AND REGULATORY UPDATE, TECHNICIAN MANAGEMENT, AMBULATORY SURGICAL CENTERS, OPTICAL SHOPS AND OPHTHALMIC PRACTICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Terry Kim MD Immediate Past President | OfficerTrustee | 2 | $0 |
Richard Hoffman MD President | OfficerTrustee | 2 | $0 |
Nick Mamalis MD Past President | OfficerTrustee | 2 | $0 |
Thomas Samuelson MD Member At Large | Trustee | 2 | $0 |
Douglash Rhee MD Vice President | OfficerTrustee | 2 | $0 |
Elizabeth Yeu-Lin MD Secretary | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mgm Resorts 2021 Annual Meeting Site / Av / F&b | 8/30/21 | $2,491,476 |
Freeman Audiovisual Meeting A/v Services | 8/30/21 | $2,427,842 |
Lippincott Williams Escrs Journal | 8/30/21 | $488,621 |
Avenue Live Av / Meetings / Webcasts | 8/30/21 | $177,157 |
Sitecore Usa Website Services | 8/30/21 | $128,713 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $112,876 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $216,483 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $14,391 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $16,090,211 |
| Statement of Expenses | |
|---|---|
| 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. | $1,980,922 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,239,751 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $550,951 |
| Payroll taxes | $289,228 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $31,522 |
| Fees for services: Accounting | $62,271 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $23,296 |
| Fees for services: Other | $138,790 |
| Advertising and promotion | $11,861 |
| Office expenses | $906,128 |
| Information technology | $822,859 |
| Royalties | $0 |
| Occupancy | $8,085 |
| Travel | $259,709 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,134,805 |
| Interest | $6,787 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $183,468 |
| Insurance | $34,381 |
| All other expenses | $0 |
| Total functional expenses | $12,934,598 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,950,140 |
| Savings and temporary cash investments | $90,037 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,094,947 |
| 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 | $379,837 |
| Investments—publicly traded securities | $5,307,498 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $522,454 |
| Total assets | $11,891,572 |
| Accounts payable and accrued expenses | $4,643,612 |
| Grants payable | $0 |
| Deferred revenue | $1,990,746 |
| 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 | $818,198 |
| Other liabilities | $7,600 |
| Total liabilities | $7,460,156 |
| Net assets without donor restrictions | $2,431,416 |
| Net assets with donor restrictions | $2,000,000 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $4,431,416 |
Grants Awarded
Over the last fiscal year, American Society Of Cataract & Refractive Surgery has awarded $80,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
AAO SURGICAL SCOPE FUND PURPOSE: ENSURE PATIENT SAFETY AND SURGICAL STANDARDS | $50,000 |
AMERICAN COLLEGE OF SURGEONS PURPOSE: CAMPAIGN FOR MEDICARE REIMBURSEMENT CUTS | $25,000 |
FOUNDATION OF THE AMERICAN ACADEMY OF OPHTHAMOLOGY PURPOSE: INCREASE DIVERISITY IN OPHTHAMOLOGY BY HELPING UNDERREPRESENTED IN MEDICINE STUDENTS | $5,000 |