Subcortical Surgery Group Inc
- Assets
- $22.1k
- Revenue
- $204.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Evanston, IL
- Founding
- 09/2014
- Data as of
- 12/2023
- EIN
- 38-3933004
Organization Overview
Subcortical Surgery Group Inc is located in Evanston, IL. The organization was established in 2014. According to its NTEE Classification (H9B) the organization is classified as: Surgical Specialties 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. Subcortical Surgery Group 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 12/2023, Subcortical Surgery Group Inc generated $204.8k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (2.2%) each year. All expenses for the organization totaled $210.1k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (1.3%) per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO OPTIMIZE MINIMALLY INVASIVE SURGICAL CORRIDORS TO THE SUBCORTICAL SPACE THROUGH CLINICAL AND SCIENTIFIC COLLABORATIVE RESEARCH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONFERENCE TO ENCOURAGE CONTINUAL IMPROVEMENT OF SAFE AND EFFECTIVE TREATMENTS FOR PATIENTS WITH SUBCORTICAL BRAIN PATHOLOGY THROUGH COLLABORATION WITH ALL INTERESTED INDIVIDUALS AND GROUPS, EDUCATION, AND RESEARCH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gary Gallia MD Board Member | Trustee | 1 | $0 |
JD Day MD Board Member | Trustee | 1 | $0 |
Ronald Young MD Board Member | Trustee | 1 | $0 |
Gustavo Pradilla MD Board Member | Trustee | 1 | $0 |
Julian E Bailes Jr MD President | OfficerTrustee | 5 | $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 | $204,750 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $204,750 |
| Total Program Service Revenue | $0 |
| 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 | $204,750 |
| 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 | $0 |
| Fees for services: Legal | $116 |
| Fees for services: Accounting | $2,650 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $654 |
| Office expenses | $135 |
| Information technology | $2,000 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $37,136 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $150,889 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $210,106 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $22,056 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $22,056 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $0 |
| 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 | $22,056 |
| Total liabilities and net assets/fund balances | $22,056 |
Grants Awarded
Over the last fiscal year, Subcortical Surgery Group Inc has awarded $29,920 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
WASHINGTON UNIVERSITY | | | $10,000 |
THE CLEVELAND CLINIC FOUNDATION | | | $9,920 |
REGENTS OF UNIVERSITY OF CALIFORNIA | | | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Arthroscopy Association Of North America Inc Rosemont, IL | $10,928,722 | $8,686,132 |
Surgical Science Foundation For Research Development Madison, WI | $17,648,449 | $884,862 |
Thoracic Surgery Directors Association Chicago, IL | $1,377,916 | $454,041 |
Society For Perioperative Assessment And Quality Improvement Glenview, IL | $703,307 | $370,098 |
Subcortical Surgery Group Inc Evanston, IL | $22,056 | $204,750 |
Surgical Outcomes Club Inc Green Bay, WI | $207,518 | $0 |
Endocrine Surgery Quality Foundation Lexington, KY | $67,141 | $0 |
Operative Plasterers & Cement Masons International Association Troy, IL | $106,688 | $0 |
My Heart Of Hazel Minden, IA | $54,462 | $0 |
Clarian Transplant Institute Inc Indianapolis, IN | $0 | $218,705 |