American Society Of Addiction Medicine Inc
- Assets
- $13.5m
- Revenue
- $10.5m
- Investments
- $0.0
- Employees
- 69
- Location
- Rockville, MD
- Founding
- 08/1986
- Data as of
- 12/2022
- EIN
- 13-3177396
Organization Overview
American Society Of Addiction Medicine Inc is located in Rockville, MD. The organization was established in 1986. According to its NTEE Classification (F20) the organization is classified as: Substance Abuse Dependency, Prevention & Treatment, under the broad grouping of Mental Health & Crisis Intervention and related organizations. As of 12/2022, American Society Of Addiction Medicine Inc employed 69 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. American Society Of Addiction Medicine Inc 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 12/2022, American Society Of Addiction Medicine Inc generated $10.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.9% each year. All expenses for the organization totaled $11.9m during the year ending 12/2022. While expenses have increased by 12.3% per year over the past 8 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO INCREASE AWARENESS AND IMPROVE THE QUALITY OF CARE AND TREATMENT OF ADDICTIONS.
Describe the Organization's Program Activity:
EDUCATION - PROVIDE A FORUM FOR PHYSICIANS SPECIALIZING IN THE FIELD OF ADDICTION MEDICINE TO EXCHANGE IDEAS.
PUBLICATION - FOSTER KNOWLEDGE AND INTEREST IN THE FIELD OF ADDICTION MEDICINE BY PUBLISHING NEWSLETTERS, JOURNALS, AND GUIDELINES FOR ALL MEMBERS AND NON-MEMBERS.
QUALITY AND SCIENCE - DEVELOP AND DISSEMINATE QUALITY IMPROVEMENT RESOURCES AND PROGRAMS TO ASSURE THAT PATIENTS ARE PROVIDED OPTIMAL QUALITY CARE.
ADVOCACY AND PUBLIC POLICY - ADVOCATES FOR QUALITY ADDICTION TREATMENT AS THE VOICE OF ADDICTION MEDICINE IN STATES AND ON CAPITOL HILL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William F Haning III MD President | OfficerTrustee | 1 | $0 |
Brian Hurley MD President-Elect | OfficerTrustee | 1 | $0 |
Timothy Wiegand MD Vice President | OfficerTrustee | 1 | $0 |
Aleksandra Zgierska MD Secretary | OfficerTrustee | 1 | $0 |
Kenneth Freedman MD Treasurer | OfficerTrustee | 1 | $0 |
Paul Earley MD Immediate Past President | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Precon Events Llc Asam 2022 Audio Visual -Av Production Se | 12/30/22 | $171,726 |
Ireta Consulting Services For Stimulate Use Di | 12/30/22 | $175,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $429,191 |
| All other contributions, gifts, grants, and similar amounts not included above | $177,457 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $606,648 |
| Total Program Service Revenue | $8,381,777 |
| Investment income | $304,244 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $1,251,520 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$207,392 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,462,641 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $2,075,561 |
| Compensation of current officers, directors, key employees. | $707,433 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,868,373 |
| Pension plan accruals and contributions | $277,482 |
| Other employee benefits | $342,774 |
| Payroll taxes | $403,894 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,525 |
| Fees for services: Accounting | $108,794 |
| Fees for services: Lobbying | $266,280 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $45,304 |
| Fees for services: Other | $1,274,096 |
| Advertising and promotion | $83,309 |
| Office expenses | $26,718 |
| Information technology | $288,457 |
| Royalties | $0 |
| Occupancy | $394,132 |
| Travel | $242,438 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,400,229 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $134,802 |
| Insurance | $79,640 |
| All other expenses | $18,672 |
| Total functional expenses | $11,889,363 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $786,938 |
| Savings and temporary cash investments | $453,567 |
| Pledges and grants receivable | $16,556 |
| Accounts receivable, net | $764,328 |
| 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 | $154,087 |
| Net Land, buildings, and equipment | $381,566 |
| Investments—publicly traded securities | $9,047,689 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,936,203 |
| Total assets | $13,540,934 |
| Accounts payable and accrued expenses | $694,390 |
| Grants payable | $0 |
| Deferred revenue | $1,959,851 |
| 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 | $31,290 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,364,419 |
| Total liabilities | $5,049,950 |
| Net assets without donor restrictions | $3,998,476 |
| Net assets with donor restrictions | $4,492,508 |
| 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 | $13,540,934 |