Society Of Robotic Surgeons Inc
- Assets
- $361.0k
- Revenue
- $172.0k
- Investments
- $0.0
- Employees
- 0
- Location
- East Dundee, IL
- Founding
- 03/2010
- Data as of
- 12/2021
- EIN
- 26-4487399
Organization Overview
Society Of Robotic Surgeons Inc is located in East Dundee, IL. The organization was established in 2010. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Society Of Robotic Surgeons Inc 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 12/2021, Society Of Robotic Surgeons Inc generated $172.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (15.0%) each year. All expenses for the organization totaled $141.3k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (18.0%) per year over the past 7 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE EDUCATION IN ROBOTIC SURGICAL TECHNIQUES, NETWORKING AMONG SURGEONS AND STUDENTS IN THE INDUSTRY, AND TO ASSIST IN NARROWING THE GAP AND BUILDING BRIDGES FOR SURGEONS IN DIFFERENT REGIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING EDUCATION AND COLLABORATION AS A MEANS TO APPROACH THE COMPLEX ISSUE OF ROBOTIC SURGERY VIA NETWORKING AMONG SURGEONS AND STUDENTS IN THE INDUSTRY, MEETINGS, LECTURES, VIDEOS, THE "JOURNAL OF ROBOTIC SURGERY", PUBLICATIONS, ETC.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Farid Gharagozloo MD Facs President | OfficerTrustee | 1 | $0 |
Vipul R Patel MD Facs Executive Di | OfficerTrustee | 1 | $0 |
Ghulam Abbas MD Treasurer | OfficerTrustee | 1 | $0 |
Martin Martino MD Secretary | OfficerTrustee | 1 | $0 |
Sue O'sullivan Administrati | Officer | 1 | $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 | $1,250 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,250 |
| Total Program Service Revenue | $170,720 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| 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 | $171,970 |
| 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. | $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 | $96,000 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,414 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $103 |
| Advertising and promotion | $0 |
| Office expenses | $218 |
| Information technology | $5,595 |
| 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 | $29,384 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $958 |
| All other expenses | $0 |
| Total functional expenses | $141,280 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $355,168 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $800 |
| 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 | $5,000 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $360,968 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $30,750 |
| 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 | $30,750 |
| Net assets without donor restrictions | $330,218 |
| 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 | $360,968 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Society Of Thoracic Surgeons Chicago, IL | $85,174,703 | $30,556,358 |
American Society Of Plastic Surgeons Arlington Heights, IL | $48,279,977 | $26,067,473 |
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 |