Society Of Surgery Of The Alimentary Tract Foundation
- Assets
- $4.4m
- Revenue
- $336.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Beverly, MA
- Founding
- 12/2000
- Data as of
- 12/2021
- EIN
- 31-1731986
Organization Overview
Society Of Surgery Of The Alimentary Tract Foundation is located in Beverly, MA. The organization was established in 2000. According to its NTEE Classification (H80) the organization is classified as: Specifically Named Diseases Research, under the broad grouping of Medical Research and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Society Of Surgery Of The Alimentary Tract 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 12/2021, Society Of Surgery Of The Alimentary Tract Foundation generated $336.0k 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 (7.7%) each year. All expenses for the organization totaled $154.9k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (9.4%) 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 BE THE PHILANTHROPIC ARM OF THE SOCIETY FOR SURGERY OF THE ALIMENTARY TRACT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AWARDS AND GRANTS - FOR YOUNG FACULTY MEMBERS TO ASSIST IN THE ESTABLISHMENT OF INVESTIGATORS, BASIC OR CLINICAL, IN DIGESTIVE DISEASES; FOR SPEAKERS PRESENTING AT THE ANNUAL MEETING; FOR FELLOWSHIPS TO PROMOTE INTERACTION AND LEARNING EITHER AMONG SSAT MEMBERS WITHIN THE UNITED STATES OR CANADA, OR IN SURGICAL UNITS OVERSEAS; AND FOR OUTSTANDING SURGICAL EDUCATORS/MENTORS AND CLINICAL SURGEONS.
AWARDS RECEPTION - THE ANNUAL SSAT FOUNDATION AWARDS RECEPTION IS THE EVENT AT WHICH THE GRANT RECIPIENTS FOR EACH YEAR'S AWARDS ARE ANNOUNCED, SO THAT THE SUCCESSES OF THE FOUNDATION CAN BE CELEBRATED. THE RECEPTION IS MEANT TO FURTHER BUILD AWARENESS OF THE FOUNDATION AND ITS EFFORTS, AND SERVES AS AN ADDITIONAL FUNDRAISING MECHANISM FOR THE FOUNDATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeffrey B Matthews MD Chair | OfficerTrustee | 2 | $0 |
Taylor S Riall MD PHD Secretary | OfficerTrustee | 2 | $0 |
Anne Lidor MD MPH Secretary-El | OfficerTrustee | 2 | $0 |
Sharon M Weber MD Treasurer | OfficerTrustee | 2 | $0 |
Nathaniel J Soper MD Trustee (5/2 | Trustee | 2 | $0 |
Stanley W Ashley MD Facs Trustee | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $182,500 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $52,910 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $235,410 |
| Total Program Service Revenue | $0 |
| Investment income | $78,916 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $21,692 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $336,018 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $108,644 |
| 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 | $20,958 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,079 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $12,448 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $2,460 |
| Information technology | $0 |
| 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 | $211 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $300 |
| All other expenses | $0 |
| Total functional expenses | $154,860 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $99,836 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $18,750 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $4,302,680 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,421,266 |
| Accounts payable and accrued expenses | $24,430 |
| Grants payable | $50,000 |
| Deferred revenue | $0 |
| 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 | $74,430 |
| Net assets without donor restrictions | $3,218,989 |
| Net assets with donor restrictions | $1,127,847 |
| 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 | $4,421,266 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Society Of Surgery Of The Alimentary Tract Foundation has recieved totaling $182,532.
| Awarding Organization | Amount |
|---|---|
Society For Surgery Of The Alimentary Tract Beverly, MA PURPOSE: GENERAL SUPPORT | $182,500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $32 |
Endowment Analysis
| Beg. Balance | $852,667 |
| Earnings | $140,575 |
| Net Contributions | $66,050 |
| Grants | $6,090 |
| Ending Balance | $1,053,202 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Global Alliance For Tb Drug Development Inc New York, NY | $187,560,796 | $58,653,379 |
Als Therapy Development Foundation Inc Watertown, MA | $19,047,011 | $12,370,651 |
Jeffrey Modell Foundation Inc New York, NY | $36,072,018 | $6,146,213 |
Rothberg Institute Inc Guilford, CT | $0 | $50,949 |
Silent Spring Institute Inc Newton, MA | $4,846,950 | $4,731,717 |
Lupus Clinical Trials Consortium Katherine M Snider President Garden City, NY | $502,663 | $1,883,684 |
Amyloidosis Research Consortium Inc Newton, MA | $2,350,923 | $1,647,972 |
Northeast Als Consortium Inc Boston, MA | $897,067 | $886,426 |
Angel Fund Inc Wakefield, MA | $2,272,939 | $566,086 |
Aurum Institute Usa New York, NY | $145,199 | $368,316 |
Central New York Lyme And Tick-Borne Disease Alliance Inc Manlius, NY | $284,340 | $280,190 |
Seneca Diabetes Foundation Irving, NY | $3,568,053 | $281,594 |