Extracorporeal Life Support Organization
- Assets
- $5.5m
- Revenue
- $3.3m
- Investments
- $0.0
- Employees
- 4
- Location
- Ann Arbor, MI
- Founding
- 06/2015
- Data as of
- 12/2021
- EIN
- 46-3994587
Organization Overview
Extracorporeal Life Support Organization, operating under the name Elso, is located in Ann Arbor, MI. The organization was established in 2015. According to its NTEE Classification (E19) the organization is classified as: Support N.E.C., under the broad grouping of Health Care and related organizations. As of 12/2021, Elso employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Elso 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, Elso generated $3.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.9% each year . All expenses for the organization totaled $2.9m during the year ending 12/2021. While expenses have increased by 22.8% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE PUBLIC BENEFIT FROM BETTER PATIENT OUTCOMES THROUGH COLLABORATIVE EDUCATIONAL AND RESEARCH EFFORTS INCLUDING: MAINTENANCE OF A REGISTRY OF INFORMATION AND DATA FROM AND ABOUT CENTERS ACTIVE IN EXTRACORPOREAL LIFE SUPPORT AND THEIR PATIENTS FOR USE BY SCIENTISTS AND CLINICIANS IN AREAS RELATED TO EXTRACORPOREAL LIFE SUPPORT, AND PROVISION OF EDUCATIONAL AND TRAINING PROGRAMS AND INFORMATION ABOUT EXTRACORPOREAL LIFE SUPPORT FOR MEDICAL AND LAY COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEMBERSHIP REGISTRY: ELSO IS A GLOBAL NONPROFIT COMPRISED OF INDIVIDUAL, CORPORATE, AND MEMBER CENTERS. IN 2021, ELSO HAD OVER 750 ACTIVE MEMBER CENTERS; 539 OF WHICH CONTRIBUTED DATA TO THE ELSO PATIENT REGISTRY. WE HAVE THOUSANDS OF INDIVIDUAL MEMBERS AROUND THE WORLD COMPRISED OF A ROBUST MULTIDISCIPLINARY TEAM OF ECMO SPECIALISTS AND OTHER INTERESTED PARTIES. WE ARE ALSO PROUD TO HAVE CORPORATE MEMBERS, WHICH ARE AN IMPORTANT PART OF THE ELSO COMMUNITY FOR ECMO TECHNOLOGY AND INNOVATION. THERE ARE MANY BENEFITS TO ELSO MEMBERSHIP, INCLUDING ACCESS TO DATA AND THE ABILITY TO CONTRIBUTE DATA TO THE REGISTRY IF YOU ARE A CENTER. THIS DATA PLAYS AN IMPORTANT ROLE IN IMPROVING PATIENT OUTCOMES THROUGH RESEARCH, EDUCATION, AND TRAINING.
EDUCATION AND TRAINING: EDUCATION AND TRAINING ARE AN IMPORTANT PART OF ELSO'S MISSION. IN 2021, ELSO LAUNCHED A NEW GLOBAL STANDARD FOR ADULT ECMO DIDACTIC TRAINING: ELSO FOUNDATIONS - ADULT ECMO TRAINING COURSE. THIS WAS DEVELOPED WITH AN INTERPROFESSIONAL GLOBAL TEAM OF 100 ECMO EXPERTS. THIS IS A SELF-PACED COURSE THAT CAN ALSO BE TRANSLATED TO SERVE A GLOBAL COMMUNITY.
ANNUAL CONFERENCE: ELSO'S ANNUAL CONFERENCE IS TYPICALLY ONE OF OUR LARGEST PROGRAMS. THIS WAS THE SECOND VIRTUAL CONFERENCE WHERE WE WELCOMED 2,000 PARTICIPANTS. FOR THE SECOND TIME, ELSO ALSO RELEASED A MAJOR PUBLICATION FROM THE LANCET DURING THE CONFERENCE WHICH ADDRESSED EVOLVING OUTCOMES FOR ECMO IN COVID-19, A MAJOR UPDATE TO OUR EARLIER FINDINGS.
OTHER PROGRAMS: ELSO PROVIDES SEVERAL OTHER PROGRAMS FOR OUR MEMBERS, INCLUDING OUR AWARD OF EXCELLENCE AWARD; DATA REQUESTS AND RELATED REPORTS; BOOK SALES OF ELSO'S RED BOOK AND ECMO TRAINING MANUAL TO SUPPORT EDUCATION AND TRAINING; THE ABILITY TO EARN CME AND OTHER CONTINUING EDUCATION FOR OUR PRACTITIONERS; AND OTHER PROGRAMS. RESEARCH PUBLICATIONS BASED ON ELSO REGISTRY DATA CONTINUES TO ADVANCE KNOWLEDGE FOR CLINICAL CARE AND IMPROVE INNOVATION FOR MEDICAL DEVICE MANUFACTURERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christine Stead CEO | Officer | 40 | $252,418 |
Peter Rycus Executive Di | Officer | 40 | $205,127 |
Peta Alexander Treasurer | OfficerTrustee | 2 | $0 |
Daniel Brodie President-El | OfficerTrustee | 4 | $0 |
Mark Ogino MD Past-Preside | OfficerTrustee | 2 | $0 |
Matthew Paden MD President | OfficerTrustee | 8 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
University Of Michigan Professional | 12/30/19 | $269,917 |
Internet Global Data Solutions Corp Professional | 12/30/19 | $231,585 |
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 | $5,190 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,190 |
| Total Program Service Revenue | $2,761,452 |
| Investment income | $65,207 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $137,549 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $248,289 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,274,254 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $30,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $15,000 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $532,370 |
| Compensation of current officers, directors, key employees. | $79,856 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $189,207 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $64,770 |
| Payroll taxes | $37,667 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $74,552 |
| Fees for services: Accounting | $76,375 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $18,191 |
| Fees for services: Other | $566,780 |
| Advertising and promotion | $8,237 |
| Office expenses | $0 |
| Information technology | $825,691 |
| Royalties | $0 |
| Occupancy | $92,891 |
| Travel | $26,172 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $175,620 |
| Interest | $0 |
| Payments to affiliates | $40,379 |
| Depreciation, depletion, and amortization | $16,870 |
| Insurance | $8,979 |
| All other expenses | $3,750 |
| Total functional expenses | $2,936,504 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,298,855 |
| Savings and temporary cash investments | $254,833 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $137,765 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $51,348 |
| Prepaid expenses and deferred charges | $113,220 |
| Net Land, buildings, and equipment | $165,807 |
| Investments—publicly traded securities | $3,320,340 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $108,401 |
| Total assets | $5,450,569 |
| Accounts payable and accrued expenses | $263,039 |
| Grants payable | $95,000 |
| Deferred revenue | $560,951 |
| 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 | $918,990 |
| Net assets without donor restrictions | $4,526,424 |
| Net assets with donor restrictions | $5,155 |
| 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 | $5,450,569 |
Grants Awarded
Over the last fiscal year, Extracorporeal Life Support Organization has awarded $40,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF TEXAS SOUTHWESTERN PURPOSE: RESEARCH | $15,000 |
CHILDREN'S MEDICAL CENTER OF DALLAS PURPOSE: RESEARCH | $15,000 |
Boston, MA PURPOSE: RESEARCH | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ohios Hospice Inc Dayton, OH | $39,691,448 | $16,234,303 |
Damien Cares Indianapolis, IN | $4,720,848 | $9,296,684 |
Michigan Mobile Pet Imaging Southfield, MI | $7,685,048 | $6,599,660 |
Uc Health Foundation Cincinnati, OH | $17,364,856 | $9,166,870 |
Portage Health Foundation Hancock, MI | $85,620,667 | $8,148,515 |
Extracorporeal Life Support Organization Ann Arbor, MI | $5,450,569 | $3,274,254 |
Medstone Realty Company Llc Columbus, OH | $22,448,451 | $1,621,277 |
Managed Emergency Surge For Healthcare Inc Indianapolis, IN | $855,757 | $1,096,077 |
Wood County Medical Building Inc Bowling Green, OH | $1,025 | $1,052,948 |
Hearcare Connection Inc Fort Wayne, IN | $333,949 | $766,264 |
Advanced Pet Imaging Network Midland, MI | $804,177 | $990,195 |
Network For Life Columbus, OH | $237,829 | $566,450 |