World Sleep Society Inc
- Assets
- $1.0m
- Revenue
- $245.7k
- Investments
- $0.0
- Employees
- 11
- Location
- Rochester, MN
- Founding
- 09/2015
- Data as of
- 12/2021
- EIN
- 47-4877099
Organization Overview
World Sleep Society Inc is located in Rochester, MN. The organization was established in 2015. According to its NTEE Classification (A03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, World Sleep Society Inc employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. World Sleep Society 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, World Sleep Society Inc generated $245.7k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 15.3% each year . All expenses for the organization totaled $220.1k 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
ADVANCE SLEEP MEDICINE WORLDWIDE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION PROGRAMS RELATED TO ADVANCING SLEEP MEDICINE WORLDWIDE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Allan Obryan Executive Director | Officer | 32 | $120,000 |
Maree Barnes Treasurer | Officer | 1 | $0 |
Raffaele Ferri President-Elect | Officer | 1 | $0 |
Ofer Jacobowitz Secretary | Officer | 1 | $0 |
Phyllis Zee President | Officer | 2 | $0 |
Lamia Afifi Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $33,928 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $206,999 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $240,927 |
| Total Program Service Revenue | $0 |
| Investment income | $4,742 |
| 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 | $245,669 |
| 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 | $190,304 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $22,513 |
| Office expenses | $0 |
| Information technology | $7,291 |
| 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 | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $220,108 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $235,010 |
| Savings and temporary cash investments | $704,741 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $800 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $63,599 |
| 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 | $1,004,150 |
| Accounts payable and accrued expenses | $4,066 |
| 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 | $776,664 |
| Other liabilities | $0 |
| Total liabilities | $780,730 |
| Net assets without donor restrictions | $223,420 |
| 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 | $1,004,150 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that World Sleep Society Inc has recieved totaling $25,000.
| Awarding Organization | Amount |
|---|---|
Rochester Area Foundation Rochester, MN PURPOSE: GENERAL OPERATING EXPENSES | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Institute Of Architects Iowa Chapter Des Moines, IA | $644,510 | $840,997 |
Alexandria Area Arts Association Inc Alexandria, MN | $950,884 | $598,447 |
Minnesota Music Educators Association Brooklyn Park, MN | $378,257 | $590,745 |
Iowa Newspaper Foundation Des Moines, IA | $2,433,388 | $1,194,421 |
Jamestown Fine Arts Association Incorporated Jamestown, ND | $1,635,046 | $340,177 |
World Sleep Foundation Rochester, MN | $1,791,753 | $6,917 |
World Sleep Society Inc Rochester, MN | $1,004,150 | $245,669 |
Iowa Bandmasters Association Inc Storm Lake, IA | $420,697 | $0 |
Great River Arts Association Little Falls, MN | $350,722 | $223,339 |
The Minneapolis Chapter Of The American Institute Of Architects I Minneapolis, MN | $117,033 | $0 |
The Minnesota Alliance Of Local History Museums Inc Faribault, MN | $128,075 | $191,351 |
North Dakota Chapter Of The American Institute Of Architects I Bismarck, ND | $323,374 | $0 |