Association For Academic Surgery Foundation
- Assets
- $1.6m
- Revenue
- $388.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- 11/2004
- Data as of
- 12/2022
- EIN
- 41-2135059
Organization Overview
Association For Academic Surgery Foundation is located in Los Angeles, CA. The organization was established in 2004. According to its NTEE Classification (B03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Association For Academic Surgery 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 12/2022, Association For Academic Surgery Foundation generated $388.7k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 31.8% each year . All expenses for the organization totaled $158.1k during the year ending 12/2022. While expenses have increased by 3.7% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Association For Academic Surgery Foundation has awarded 33 individual grants totaling $666,844. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO FOSTER AND ADVANCE EDUCATIONAL AND SCIENTIFIC RESEARCH ACTIVITIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO SUPPORT MEDICAL/SURGICAL RESEARCH AND GRANTS.
TO PROMOTE THE SCIENTIFIC FIELD THROUGH A SERIES OF AWARDS FOR PRESENTATIONS, MANUSCRIPTS, OUTSTANDING MEDICAL STUDENTS AND RESEARCH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Timothy Pawlik MD President | OfficerTrustee | 2 | $0 |
Eric Kimchi MD Vice President | OfficerTrustee | 1 | $0 |
Clifford Cho MD Secretary/treasurer | OfficerTrustee | 2 | $0 |
David Berger MD Board Member | Trustee | 1 | $0 |
Calisa Clark MD Board Member | Trustee | 1 | $0 |
Clark T Gamblin MD Board Member | Trustee | 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 | $403,628 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $403,628 |
| Total Program Service Revenue | $0 |
| Investment income | $3,920 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$18,849 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $388,699 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $111,844 |
| Grants and other assistance to domestic individuals. | $1,500 |
| 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 | $15,100 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $9,456 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,181 |
| Office expenses | $1,887 |
| Information technology | $5,500 |
| 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 | $2,876 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $3,577 |
| Total functional expenses | $158,121 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $465,707 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $4,850 |
| 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 | $1,080,370 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,696 |
| Total assets | $1,552,623 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $44,719 |
| 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 | $44,719 |
| Net assets without donor restrictions | $1,507,904 |
| 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 | $1,552,623 |
Grants Awarded
Over the last fiscal year, Association For Academic Surgery Foundation has awarded $111,844 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
UNIV OF CALIFORNIA LOS ANGELES PURPOSE: FELLOWSHIP AWARDS | $30,000 |
THE RESEARCH INSTITUTE AT NCH PURPOSE: FELLOWSHIP AWARDS | $30,000 |
JOHN HOPKINS UNIVERSITY PURPOSE: FELLOWSHIP AWARDS | $30,000 |
ASSOCIATION FOR ACADEMIC SURGERY PURPOSE: FELLOWSHIP AWARDS | $21,844 |