The American Venous Forum Foundation
- Assets
- $3.4m
- Revenue
- $821.4k
- Investments
- $0.0
- Employees
- 0
- Location
- East Dundee, IL
- Founding
- 02/2015
- Data as of
- 12/2021
- EIN
- 36-3634626
Organization Overview
The American Venous Forum Foundation is located in East Dundee, IL. The organization was established in 2015. According to its NTEE Classification (S11) the organization is classified as: Single Organization Support, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Venous Forum 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, American Venous Forum Foundation generated $821.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.2% each year. All expenses for the organization totaled $270.0k during the year ending 12/2021. 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
THE AMERICAN VENOUS FORUM FOUNDATION IS THE CHARITABLE NONPROFIT ORGANIZATION OF THE AMERICAN VENOUS FORUM. WORKING IN CONCERT WITH THE AMERICAN VENOUS FORUM, THE FOUNDATION IS COMMITTED TO ADVANCING EXCELLENCE AND INNOVATION IN VENOUS AND LYMPHATIC HEALTH BY FUNDING PIONEERING RESEARCH, MEDICAL EDUCATION AND AWARENESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDED SUPPORT TO THE AMERICAN VENOUS FORUM FOR ITS ANNUAL MEETING, FELLOWS COURSES, AND WEST COAST VEIN FORUM.
THE ORGANIZATION PROVIDES RESEARCH GRANTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Marston MD President | OfficerTrustee | 1 | $0 |
Joe Raffeto MD Treasurer | OfficerTrustee | 1 | $0 |
Mark Iafrati MD Secretary | OfficerTrustee | 1 | $0 |
Antonio Gasparis MD Avf Past Pre | OfficerTrustee | 1 | $0 |
Glenn Jacobowitz MD President El | OfficerTrustee | 1 | $0 |
Ruth Bush MD JD Vice Preside | OfficerTrustee | 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 | $365,229 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $365,229 |
| Total Program Service Revenue | $0 |
| Investment income | $23,162 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $433,041 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $821,432 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $105,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $9,000 |
| 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 | $131,100 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,540 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $125 |
| Fees for services: Other | $0 |
| Advertising and promotion | $12,300 |
| Office expenses | $3,066 |
| Information technology | $1,725 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,515 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $3,795 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $270,019 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $634,399 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $50,000 |
| Accounts receivable, net | $28,750 |
| 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 | $70,284 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $2,584,153 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,367,586 |
| Accounts payable and accrued expenses | $53,012 |
| Grants payable | $180,460 |
| Deferred revenue | $372,715 |
| 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 | $606,187 |
| Net assets without donor restrictions | $2,650,350 |
| Net assets with donor restrictions | $111,049 |
| 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 | $3,367,586 |
Grants Awarded
Over the last fiscal year, The American Venous Forum Foundation has awarded $105,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Portland, OR PURPOSE: RESEARCH GRANT | $90,000 |
STATE OF MARYLANDUNIVERSITY OF MARYLAND BALTIMORE PURPOSE: FELLOWSHIP AWARD | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Swope Community Enterprises Kansas City, MO | $0 | -$1,888,854 |
Cicp Foundation Inc Indianapolis, IN | $75,472,959 | $39,753,339 |
Milwaukee Development Corporation Milwaukee, WI | $4,444,230 | $23,219,043 |
National Community Investment Fund Irrv Tr Chicago, IL | $49,874,763 | $9,294,920 |
Cedar Valley Friends Of The Family Inc Waterloo, IA | $2,837,799 | $5,986,099 |
Dairy Lab Services Inc Dubuque, IA | $2,147,827 | $2,967,894 |
Ladies Union Benevolent Association St Joseph, MO | $16,215,368 | $4,268,127 |
National Association Of Electrical Distributors Education Foundation St Louis, MO | $19,969,630 | $3,274,087 |
Greater Green Bay Chamber Of Commerce Foundation Inc Green Bay, WI | $2,890,843 | $1,952,883 |
Felix E Martin Jr Foundation Inc Louisville, KY | $76,641,628 | $5,817,946 |
St Joseph Services Inc Chicago, IL | $1,123,789 | $1,648,775 |
Fiscal Sponsorship Allies Inc Indianapolis, IN | $762,742 | $2,068,293 |