Society For Vascular Surgery Foundation
- Assets
- $7.9m
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Rosemont, IL
- Founding
- 02/2004
- Data as of
- 03/2022
- EIN
- 04-3580038
Organization Overview
Society For Vascular Surgery Foundation is located in Rosemont, IL. The organization was established in 2004. According to its NTEE Classification (G43) the organization is classified as: Heart & Circulatory System Diseases & Disorders, 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. Society For Vascular Surgery Foundation 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 03/2022, Society For Vascular Surgery Foundation generated $1.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.6% each year . All expenses for the organization totaled $1.1m during the year ending 03/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Society For Vascular Surgery Foundation has awarded 75 individual grants totaling $4,378,949. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT THE DEVELOPMENT OF VASCULAR SURGERY RESEARCH BY PROVIDING RESEARCH GRANTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESEARCH INITIATIVES - ISSUED VARIOUS GRANT AWARDS FOR BASIC ANDCLINICAL RESEARCH GRANTS TO VASCULAR SCIENTISTS. AWARDS INCLUDED THEK08 AWARD, K28 AWARD, WYLIE SCHOLAR AWARD, STUDENT RESEARCH FELLOWSHIP,VRIC SCHOLARSHIP, GEMSSTAR GRANT, AND WYLIE TRAVELING FELLOWSHIP.
PUBLIC EDUCATION AND OUTREACH - COMMUNITY OUTREACH THROUGH MEMBERS IN COMMUNITY PRACTICE AND PREVENTION AND AWARENESS THROUGH PATIENT EDUCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peter F Lawrence Chair/director | OfficerTrustee | 0.5 | $0 |
Patricia Burton Executive Director, Thru 9/3/21 | Officer | 5 | $0 |
Rupa Brosseau Executive Director | Officer | 5 | $0 |
Raul J Guzman MD Director | Trustee | 0.5 | $0 |
Joseph P Hart MD Mhl Facs Director | Trustee | 0.5 | $0 |
Nasim Hedayati MD Ms Director | Trustee | 0.5 | $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 | $693,323 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $693,323 |
| Total Program Service Revenue | $0 |
| Investment income | $183,200 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $35,651 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,036,483 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $617,449 |
| Grants and other assistance to domestic individuals. | $42,000 |
| 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 | $267,818 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $39,917 |
| Payroll taxes | $20,286 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,190 |
| Fees for services: Accounting | $9,909 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $38,701 |
| Fees for services: Other | $35,913 |
| Advertising and promotion | $3,334 |
| Office expenses | $17,736 |
| Information technology | $5,525 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $3,369 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,004 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,517 |
| All other expenses | $199 |
| Total functional expenses | $1,112,772 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $565,254 |
| Savings and temporary cash investments | $2,094,436 |
| Pledges and grants receivable | $412,000 |
| 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 | $43,168 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $4,751,808 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,866,666 |
| Accounts payable and accrued expenses | $864 |
| Grants payable | $667,000 |
| Deferred revenue | $274,500 |
| 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 | $303,260 |
| Total liabilities | $1,245,624 |
| Net assets without donor restrictions | $1,331,398 |
| Net assets with donor restrictions | $5,289,644 |
| 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 | $7,866,666 |
Grants Awarded
Over the last fiscal year, Society For Vascular Surgery Foundation has awarded $617,449 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
Ann Arbor, MI PURPOSE: K AWARD | $250,000 |
Baltimore, MD PURPOSE: K AWARD | $150,000 |
Davis, CA PURPOSE: VISTA PILOT PROJECT GRANT | $82,000 |
Houston, TX PURPOSE: VISTA PILOT PROJECT GRANT | $45,449 |
BOARD OF REGRENTS OF THE UNIVERSITY OF OKLAHOMA HEALTH SCIENCE CENTER PURPOSE: VISTA PILOT PROJECT GRANT | $28,000 |
Chapel Hill, NC PURPOSE: CLINICAL RESEARCH SEED GRANT | $25,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Society For Vascular Surgery Foundation has recieved totaling $287.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $287 |
Endowment Analysis
| Beg. Balance | $5,065,551 |
| Earnings | $241,717 |
| Grants | $292,153 |
| Ending Balance | $5,015,115 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Precious Blood Ministry Of Reconciliation Nfp Chicago, IL | $2,653,871 | $3,315,308 |
American Association Of Cardiovascular & Pulmonary Rehab Chicago, IL | $2,723,181 | $2,408,616 |
Society For Vascular Surgery Foundation Rosemont, IL | $7,866,666 | $1,036,483 |
Associated Builders & Contractors Kansas City, MO | $1,471,289 | $917,710 |
Cardiovascular Outcomes Inc Weston, MO | $3,996,144 | $97,309 |
Mighty Oakes Heart Foundation Saint Louis, MO | $962,705 | $390,322 |
Sacred Heart Foundation Incorporated Sedalia, MO | $3,332,035 | $553,579 |
Society For Vascular Medicine East Dundee, IL | $1,247,958 | $736,661 |
Hearts & Hands Of Indiana Corporation Indianapolis, IN | $0 | $200,119 |
Vascular Access Society Of The Americas Inc Frankfort, KY | $250,997 | $370,099 |
Heart Of Wisconsin Chamber Of Commerce Inc Wisconsin Rapids, WI | $599,672 | $371,267 |
North American Society For Cardiac Imaging East Dundee, IL | $254,571 | $372,304 |