American Society Of Colon & Rectal Surgeons
- Assets
- $41.2m
- Revenue
- $5.5m
- Investments
- $0.0
- Employees
- 19
- Location
- Bannockburn, IL
- Founding
- 11/1959
- Data as of
- 12/2021
- EIN
- 13-6160852
Organization Overview
American Society Of Colon & Rectal Surgeons is located in Bannockburn, IL. The organization was established in 1959. 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 12/2021, American Society Of Colon & Rectal Surgeons employed 19 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. 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 12/2021, American Society Of Colon & Rectal Surgeons generated $5.5m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.1%) each year. All expenses for the organization totaled $4.1m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (0.9%) per year over the past 7 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE AMERICAN SOCIETY OF COLON AND RECTAL SURGEONS IS A COMMUNITY OF HEALTH CARE PROFESSIONALS WHO ARE DEDICATED TO THE UNDERSTANDING, PREVENTION AND TREATMENT OF DISORDERS OF THE COLON, RECTUM AND ANUS.
Describe the Organization's Program Activity:
THE ANNUAL MEETING IS A SCIENTIFIC PROGRAM DESIGNED TO PROVIDE SURGEONS WITH AN IN-DEPTH AND UP-TO-DATE KNOWLEDGE RELATIVE TO SURGERY FOR DISEASES OF THE COLON, RECTUM AND ANUS WITH EMPHASIS ON PATIENT CARE, TEACHING AND RESEARCH. THERE ARE A VARIETY OF PRESENTATION FORMATS TO COMPLY WITH DIFFERENT LEARNING MODALITIES. THE PURPOSE OF ALL SESSIONS IS TO IMPROVE THE QUALITY OF CARE OF PATIENTS WITH DISEASES OF THE COLON AND RECTUM.
THE ASCRS' JOURNAL "DISEASES OF THE COLON AND RECTUM" IS AN INTERNATIONALLY RECOGNIZED SCIENTIFIC JOURNAL PUBLISHING PEER-REVIEWED ARTICLES ON DISEASES OF THE COLON AND RECTUM. THE JOURNAL HAS BEEN ADOPTED AS THE OFFICIAL JOURNAL OF THE COLORECTAL SURGICAL SOCIETY OF AUSTRALIA AND NEW ZEALAND AND THE JAPAN SOCIETY OF COLOPROCTOLOGY. ARTICLES ARE PEER-REVIEWED BY AN INTERNATIONAL EDITORIAL BOARD OF 40 EXPERTS IN THE FIELD TO CARRY OUT ITS MISSION TO ADVANCE THE KNOWLEDGE OF INTESTINAL DISORDERS BY PROVIDING A FORUM FOR COMMUNICATION AMONGST MEMBERS OF THE AMERICAN SOCIETY OF COLON AND RECTAL SURGEONS, ITS AFFILIATED SOCIETIES AND OTHER INTERESTED PHYSICIANS.
THE SOCIETY PROVIDES EDUCATIONAL PUBLICATIONS AND AN ONLINE LEARNING CENTER. EDUCATIONAL PROGRAMS INCLUDE THE COLON AND RECTAL SURGERY EDUCATIONAL PROGRAM (CARSEP), WHICH IS A SELF-ASSESSMENT EXAM TO PREPARE FOR THE QUALIFYING EXAMINATION OF THE AMERICAN BOARD OF COLON AND RECTAL SURGERY OR TO EARN CONTINUING MEDICAL EDUCATION; AND THE COLORECTAL EDUCATIONAL SYSTEM TEMPLATE (CREST), WHICH IS THE PREMIER ONLINE EDUCATIONAL PORTAL FOR PHYSICIANS INTERESTED IN COLORECTAL SURGERY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David A Westman Executive Director | Officer | 38 | $289,259 |
Susan L Tibbetts Assoc Exective Director | 40 | $183,838 | |
Jason Keith Industry Partnerships Director | 40 | $153,120 | |
Helen S Pollard Meetings & Events Director | 40 | $117,470 | |
Erica B Flynn Education Director | 40 | $111,783 | |
Thomas E Read MD President | OfficerTrustee | 4 | $49,167 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Social Media Frequency Committee Marketing Support | 12/30/21 | $105,917 |
Gaido & Fintzen Legal Services | 12/30/21 | $131,337 |
River Hill Management Company Editor Stipend | 12/30/21 | $107,640 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $434,056 |
| All other contributions, gifts, grants, and similar amounts not included above | $304,500 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $738,556 |
| Total Program Service Revenue | $3,613,950 |
| Investment income | $840,148 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $32,845 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $315,430 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,540,929 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $20,000 |
| 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 | $1,428,083 |
| Pension plan accruals and contributions | $47,957 |
| Other employee benefits | $191,769 |
| Payroll taxes | $125,486 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $117,498 |
| Fees for services: Accounting | $30,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $37,899 |
| Fees for services: Other | $256,722 |
| Advertising and promotion | $0 |
| Office expenses | $52,687 |
| Information technology | $308,011 |
| Royalties | $0 |
| Occupancy | $4,200 |
| Travel | $27,139 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $555,445 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $55,232 |
| Insurance | $19,405 |
| All other expenses | $183,990 |
| Total functional expenses | $4,093,887 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $551,153 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $73,304 |
| 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 | $237,201 |
| Net Land, buildings, and equipment | $3,999 |
| Investments—publicly traded securities | $40,207,541 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $126,306 |
| Other assets | $0 |
| Total assets | $41,199,504 |
| Accounts payable and accrued expenses | $205,695 |
| Grants payable | $0 |
| Deferred revenue | $2,809,839 |
| 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 | $0 |
| Total liabilities | $3,015,534 |
| Net assets without donor restrictions | $37,766,912 |
| Net assets with donor restrictions | $417,058 |
| 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 | $41,199,504 |
Grants Awarded
Over the last fiscal year, American Society Of Colon & Rectal Surgeons has awarded $30,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Taylor, MI PURPOSE: GENERAL SUPPORT | $20,000 |
New Orleans, LA PURPOSE: GENERAL SUPPORT | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that American Society Of Colon & Rectal Surgeons has recieved totaling $2,218.
| Awarding Organization | Amount |
|---|---|
Colorectal Cancer Alliance Inc Washington, DC PURPOSE: Blue Hope Partners Grant for colon cancer research/financial assistance in the community | $2,218 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Carondelet Long Term Care Facilities Inc St Louis, MO | $9,990,098 | $14,520,221 |
Society For Vascular Surgery Rosemont, IL | $23,352,063 | $12,701,709 |
American Association Of Hip & Knee Surgeons Rosemont, IL | $10,620,526 | $7,068,995 |
American Academy Of Implant Dentistry Chicago, IL | $16,470,148 | $5,381,022 |
American Society Of Colon & Rectal Surgeons Bannockburn, IL | $41,199,504 | $5,540,929 |
Plastic Surgery Foundation Arlington Heights, IL | $23,860,142 | $3,721,510 |
American Board Of Oral And Maxillofacial Surgery Chicago, IL | $15,928,377 | $5,078,520 |
American Association For The Surgery Of Trauma Chicago, IL | $10,372,551 | $4,224,330 |
American College Of Mohs Surgery Inc Milwaukee, WI | $7,985,638 | $3,126,672 |
American Society For Laser Medicine And Surgery Inc Wausau, WI | $9,109,536 | $2,069,294 |
American Pediatric Surgical Association East Dundee, IL | $2,687,720 | $1,761,172 |
International College Of Surgeons Gen Surgeons & Surgical Spec Inc Chicago, IL | $786,772 | $2,872,266 |