American Society For Laser Medicine And Surgery Inc
- Assets
- $9.1m
- Revenue
- $2.1m
- Investments
- $14.2k
- Employees
- 14
- Location
- Wausau, WI
- Founding
- 07/1982
- Data as of
- 12/2021
- EIN
- 39-1397899
Organization Overview
American Society For Laser Medicine And Surgery Inc is located in Wausau, WI. The organization was established in 1982. 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. As of 12/2021, American Society For Laser Medicine And Surgery Inc employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Society For Laser Medicine And Surgery 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, American Society For Laser Medicine And Surgery Inc generated $2.1m 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 (3.8%) each year. All expenses for the organization totaled $1.8m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (5.0%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, American Society For Laser Medicine And Surgery Inc has awarded 27 individual grants totaling $676,003. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE AMERICAN SOCIETY FOR LASER MEDICINE AND SURGERY IS TO PROMOTE EXCELLENCE IN PATIENT CARE BY ADVANCING BIOMEDICAL APPLICATIONS OF LASERS AND ENERGY-BASED TECHNOLOGIES WORLDWIDE.
Describe the Organization's Program Activity:
ASLMS HAD HOPED TO BE IN PERSON IN 2021. HOWEVER, COVID-19 CONTINUED TO IMPACT OUR ABILITY TO DO SO AND THE BOARD MADE THE DECISION TO HOLD THE 2021 EVENT VIRTUALLY. THE PROGRAM INCLUDED 34 EDUCATION ACTIVITIES AND 9 UNIQUE INDUSTRY PRESENTATIONS. CONTENT WAS OFFERED ON DEMAND WITH REGISTRATION PURCHASE FOR 60 DAYS AFTER THE EVENT.
AS PART OF THEIR ANNUAL MEMBERSHIP TO THE SOCIETY, MEMBERS RECEIVE A JOURNAL SUBSCRIPTION, ELECTRONIC NEWSLETTERS, AND HAVE ACCESS TO AN ONLINE DIRECTORY. THE VARIOUS PUBLICATIONS ARE DESIGNED TO KEEP MEMBERS CURRENT ON LASER TECHNOLOGY. ELEVEN ISSUES OF THE OFFICIAL JOURNAL OF THE ASLMS WERE PUBLISHED IN 2021. NEW FOR 2021 MEMBERS HAD FREE ACCESS TO A MONTHLY JOURNAL CLUB WEBINAR.
GRANTS FOR RESEARCH, STUDENT TRAVEL AND PROFESSIONAL DEVELOPMENT.
OTHER PROGRAM SERVICES RELATE TO COURSES AND SEMINARS AS PART OF REGIONAL OR ONLINE EDUCATION PROGRAMS - DUE TO COVID-19, A REGIONAL COURSE WAS NOT HELD IN 2021. NO REGISTRATIONS WERE TAKEN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michelle Morrison Executive Director | Officer | 40 | $117,672 |
Henry Chan MD PHD Frcp President-Elect | OfficerTrustee | 0.5 | $0 |
E Victor Ross MD Treasurer | OfficerTrustee | 0.5 | $0 |
Suzanne L Kilmer MD Secretary (thru Apr) | OfficerTrustee | 0.5 | $0 |
Paul Friedman MD Vice-President-Elect | OfficerTrustee | 0.5 | $0 |
Kristen Kelly MD Secretary-Elect | OfficerTrustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Shepard Av Company Audio Visual For Annual Conference | 12/30/19 | $386,236 |
Centerplate Conference Food And Beverage | 12/30/19 | $241,007 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $619,862 |
| Fundraising events | $73,703 |
| Related organizations | $0 |
| Government grants | $143,900 |
| All other contributions, gifts, grants, and similar amounts not included above | $63,800 |
| Noncash contributions included in lines 1a–1f | $73,703 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $901,265 |
| Total Program Service Revenue | $695,960 |
| Investment income | $134,327 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $126,286 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $258,783 |
| Net Income from Fundraising Events | -$47,327 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,069,294 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $58,273 |
| Grants and other assistance to domestic individuals. | $6,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $131,343 |
| Compensation of current officers, directors, key employees. | $27,363 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $534,036 |
| Pension plan accruals and contributions | $32,458 |
| Other employee benefits | $67,388 |
| Payroll taxes | $47,305 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $41,702 |
| Fees for services: Accounting | $49,505 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $39,376 |
| Fees for services: Other | $0 |
| Advertising and promotion | $6,761 |
| Office expenses | $54,140 |
| Information technology | $128,759 |
| Royalties | $0 |
| Occupancy | $90,192 |
| Travel | $7,697 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $100,876 |
| Interest | $5,709 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $66,953 |
| Insurance | $38,793 |
| All other expenses | $58,491 |
| Total functional expenses | $1,832,314 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $456,550 |
| Pledges and grants receivable | $137,299 |
| Accounts receivable, net | $31,713 |
| 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 | $126,637 |
| Net Land, buildings, and equipment | $94,785 |
| Investments—publicly traded securities | $8,240,274 |
| Investments—other securities | $14,228 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $8,050 |
| Total assets | $9,109,536 |
| Accounts payable and accrued expenses | $77,679 |
| Grants payable | $0 |
| Deferred revenue | $1,005,148 |
| 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 | $7,288 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,090,115 |
| Net assets without donor restrictions | $4,855,633 |
| Net assets with donor restrictions | $3,163,788 |
| 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 | $9,109,536 |
Grants Awarded
Over the last fiscal year, American Society For Laser Medicine And Surgery Inc has awarded $240,000 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
Somerville, MA PURPOSE: RESEARCH | $65,000 |
Somerville, MA PURPOSE: RESEARCH | $65,000 |
Los Angeles, CA PURPOSE: RESEARCH | $40,000 |
Los Angeles, CA PURPOSE: RESEARCH | $40,000 |
Irvine, CA PURPOSE: RESEARCH | $10,000 |
Irvine, CA PURPOSE: RESEARCH | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that American Society For Laser Medicine And Surgery Inc has recieved totaling $25,033.
| Awarding Organization | Amount |
|---|---|
Abbvie Foundation North Chicago, IL PURPOSE: GENERAL MISSION | $25,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $33 |
Endowment Analysis
| Beg. Balance | $4,818,906 |
| Earnings | $734,868 |
| Net Contributions | $9,540 |
| Grants | $34,746 |
| Ending Balance | $5,528,568 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
American Pediatric Surgical Association East Dundee, IL | $2,687,720 | $1,761,172 |
International College Of Surgeons Gen Surgeons & Surgical Spec Inc Chicago, IL | $786,772 | $2,872,266 |
Southern Thoracic Surgical Association Inc Chicago, IL | $3,422,418 | $1,223,075 |