Arthroscopy Association Of North America Inc
- Assets
- $10.8m
- Revenue
- $6.8m
- Investments
- $0.0
- Employees
- 25
- Location
- Rosemont, IL
- Founding
- 05/1983
- Data as of
- 12/2021
- EIN
- 36-3166049
Organization Overview
Arthroscopy Association Of North America Inc is located in Rosemont, IL. The organization was established in 1983. According to its NTEE Classification (H9B) the organization is classified as: Surgical Specialties Research, under the broad grouping of Medical Research and related organizations. As of 12/2021, Arthroscopy Association Of North America Inc employed 25 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Arthroscopy Association Of North America 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 12/2021, Arthroscopy Association Of North America Inc generated $6.8m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.8%) each year. All expenses for the organization totaled $6.5m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (2.4%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Arthroscopy Association Of North America Inc has awarded 167 individual grants totaling $7,573,629. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE ASSOCIATION IS DEDICATED TO ADVANCING MINIMALLY INVASIVE SURGICAL EDUCATION, ADVOCACY AND SKILLS ASSESSMENT TO IMPROVE PATIENT CARE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ANNUAL AND INTERIM MEETINGS-THE ASSOCIATION HOLDS MEETINGS FOR MEMBERS AND OTHER MEDICAL PROFESSIONALS FOR THE PURPOSE OF DISCUSSING CURRENT TOPICS IN ARTHROSCOPIC SURGERY VIA CLINICAL PAPERS, COURSES AND SYMPOSIA.
SURGICAL SKILLS COURSES- THE ASSOCIATION PRESENTS COURSES ON ARTHROSCOPIC SURGICAL SKILLS, DIAGNOSIS, TREATMENT AND FOLLOW-UP. A PORTION OF THE GRANTS ARE SUPPORT OF A RELATED ORGANIZATION.
THE ASSOCIATION PRODUCES AND PROVIDES EDITORIAL DIRECTION TO A JOURNAL FOR MEMBERS AND OTHER MEDICAL PROFESSIONALS TO INCREASE THE LEVEL OF UNDERSTANDING IN THE FIELD OF ARTHROSCOPY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Laura Downes Chief Executive Officer | Officer | 40 | $382,392 |
Kim Santaniello Vice President Of Education | 40 | $168,915 | |
Dennis M Siena Vice Presdient Of Finance | 40 | $168,901 | |
Christine D Nogal Vice President Of Marketing An | 40 | $157,402 | |
Frances Y Park Senior Meetings Manager | 40 | $103,467 | |
James Stone MD First Vice President | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Iasc Llc Journal Editor | 12/30/21 | $350,000 |
Association Technologies It Management | 12/30/21 | $140,950 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $415,000 |
| Government grants | $346,700 |
| All other contributions, gifts, grants, and similar amounts not included above | $561,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,322,700 |
| Total Program Service Revenue | $3,666,913 |
| Investment income | $103,644 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $1,724,508 |
| 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 | $6,848,553 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $557,488 |
| Grants and other assistance to domestic individuals. | $12,452 |
| Grants and other assistance to Foreign Orgs/Individuals | $13,333 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $428,152 |
| Compensation of current officers, directors, key employees. | $55,660 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,417,470 |
| Pension plan accruals and contributions | $98,759 |
| Other employee benefits | $262,378 |
| Payroll taxes | $128,031 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $65,320 |
| Fees for services: Accounting | $42,245 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $37,750 |
| Fees for services: Other | $935,577 |
| Advertising and promotion | $45,635 |
| Office expenses | $51,289 |
| Information technology | $218,892 |
| Royalties | $0 |
| Occupancy | $518,189 |
| Travel | $252,622 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $872,681 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $202,116 |
| Insurance | $74,534 |
| All other expenses | $61,670 |
| Total functional expenses | $6,459,358 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $863,438 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,890,294 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $19,472 |
| Prepaid expenses and deferred charges | $443,581 |
| Net Land, buildings, and equipment | $279,708 |
| Investments—publicly traded securities | $5,589,072 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $694,415 |
| Total assets | $10,779,980 |
| Accounts payable and accrued expenses | $1,517,116 |
| Grants payable | $0 |
| Deferred revenue | $1,364,034 |
| 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 | $2,881,150 |
| Net assets without donor restrictions | $7,898,830 |
| 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 | $10,779,980 |
Grants Awarded
Over the last fiscal year, Arthroscopy Association Of North America Inc has awarded $477,447 in support to 45 organizations.
| Grant Recipient | Amount |
|---|---|
Encino, CA PURPOSE: Education | $31,357 |
Vail, CO PURPOSE: Education | $23,873 |
St Louis, MO PURPOSE: Education | $20,904 |
Greenville, SC PURPOSE: Education | $17,904 |
Van Nuys, CA PURPOSE: Education | $17,429 |
Chicago, IL PURPOSE: Education | $17,420 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Arthroscopy Association Of North America Inc has recieved totaling $50,350.
| Awarding Organization | Amount |
|---|---|
Robert S Heidt Sr Wellington Foundation Cincinnati, OH PURPOSE: GENERAL FUND | $50,000 |
Elizabeth J Scott Family Foundation Inc Boca Raton, FL PURPOSE: CHARITABLE DONATION TO A 501(C)(3) FOUNDATION | $325 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $25 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Arthroscopy Association Of North America Inc Rosemont, IL | $10,779,980 | $6,848,553 |
Surgical Science Foundation For Research Development Madison, WI | $18,153,193 | $1,657,982 |
Thoracic Surgery Directors Association Chicago, IL | $1,272,727 | $465,838 |
Society For Perioperative Assessment And Quality Improvement Glenview, IL | $595,815 | $384,619 |
Endocrine Surgery Quality Foundation Lexington, KY | $11,771 | $0 |
Subcortical Surgery Group Inc Evanston, IL | $17,379 | $25,000 |
Surgical Outcomes Club Inc Green Bay, WI | $262,829 | $0 |
Operative Plasterers & Cement Masons International Association Troy, IL | $95,180 | $0 |
Clarian Transplant Institute Inc Indianapolis, IN | $0 | $218,705 |