Congress Of Neurological Surgeons Inc University Of Michigan
- Assets
- $40.0m
- Revenue
- $14.8m
- Investments
- $0.0
- Employees
- 46
- Location
- Schaumburg, IL
- Founding
- 04/1990
- Data as of
- 12/2021
- EIN
- 52-1660107
Organization Overview
Congress Of Neurological Surgeons Inc University Of Michigan is located in Schaumburg, IL. The organization was established in 1990. According to its NTEE Classification (G96) the organization is classified as: Neurology & Neuroscience, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. As of 12/2022, Congress Of Neurological Surgeons Inc University Of Michigan employed 46 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Congress Of Neurological Surgeons Inc University Of Michigan 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, Congress Of Neurological Surgeons Inc University Of Michigan generated $14.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.4% each year. All expenses for the organization totaled $13.3m during the year ending 12/2021. While expenses have increased by 1.1% 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
ENHANCE HEALTH AND IMPROVE LIVES WORLDWIDE THROUGH ADVANCEMENT OF EDUCATION AND SCIENTIFIC EXCHANGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ANNUAL MEETINGS - PROVIDES PHYSICIANS WITH CONTINUING PROFESSIONAL EDUCATION IN THE FIELD OF NEUROSURGICAL MEDICINE. MEETINGS INCLUDE PROFESSIONAL SPEAKERS AND SCIENTIFIC SESSIONS.
PUBLICATIONS - PUBLICATION OF THE NEUROSURGERY JOURNAL, NEWSLETTER, AND CLINICAL NEUROSURGERY BOOKS HELPS TO KEEP PHYSICIANS ABREAST OF NEW TECHNOLOGY AVAILABLE IN THE FIELD.
FELLOWSHIPS AND CHARITABLE CONTRIBUTIONS - ANNUAL FELLOWSHIPS MAY BE AWARDED TO DOCTORS CONDUCTING RESEARCH TO ADVANCE NEUROSURGICAL KNOWLEDGE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elad I Levy President Elect- Past/president- New | OfficerTrustee | 1 | $0 |
Brian L Hoh Past President- Past | OfficerTrustee | 1 | $0 |
Jennifer A Sweet Vice President- New | OfficerTrustee | 1 | $0 |
Nicholas C Bambakidis President- Past/ Past President- New | OfficerTrustee | 1 | $0 |
Alex A Khalessi Vice-President- Past/ President Elect-New | OfficerTrustee | 1 | $0 |
Martina Stippler Secretary | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
San Francisco Giants Enterprises Llc Conference Services | 12/30/22 | $437,535 |
Nelson M Oyesiku Editorial Service | 12/30/22 | $323,107 |
Douglas Kondziolka Editorial Service | 12/30/22 | $280,000 |
Armstrong Teasdale Llp Legal Services | 12/30/22 | $154,054 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,936,041 |
| Investment income | $590,577 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $213,381 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $14,839,659 |
| Statement of Expenses | |
|---|---|
| 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. | $600,228 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,001,399 |
| Pension plan accruals and contributions | $157,655 |
| Other employee benefits | $429,553 |
| Payroll taxes | $251,501 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $326,041 |
| Fees for services: Accounting | $5,480 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $130,211 |
| Fees for services: Other | $645,842 |
| Advertising and promotion | $136,535 |
| Office expenses | $447,443 |
| Information technology | $203,106 |
| Royalties | $0 |
| Occupancy | $221,276 |
| Travel | $425,057 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,279,804 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $402,265 |
| Insurance | $72,480 |
| All other expenses | $0 |
| Total functional expenses | $13,326,907 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,406,411 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $989,781 |
| 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 | $423,693 |
| Investments—publicly traded securities | $27,437,025 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,888,516 |
| Total assets | $39,956,439 |
| Accounts payable and accrued expenses | $1,609,182 |
| Grants payable | $0 |
| Deferred revenue | $3,961,521 |
| 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 | $1,235,921 |
| Total liabilities | $6,806,624 |
| Net assets without donor restrictions | $32,697,815 |
| Net assets with donor restrictions | $452,000 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $33,149,815 |
Grants Awarded
Over the last fiscal year, Congress Of Neurological Surgeons Inc University Of Michigan has awarded $200,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
BAYLOR COLLEGE OF MEDICINE PURPOSE: GETCH AWARD | $100,000 |
NATIONAL INSTITUTE OF NEUROLOGICAL DISORDERS AND STROKE PURPOSE: GETCH SCHOLARSHIP | $100,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Congress Of Neurological Surgeons Inc University Of Michigan Schaumburg, IL | $39,956,439 | $14,839,659 |
North American Spine Society Burr Ridge, IL | $16,457,597 | $9,987,613 |
The International Parkinson And Movement Disorder Society Inc Milwaukee, WI | $43,874,360 | $12,785,886 |
Neurocritical Care Society Inc Chicago, IL | $4,992,526 | $3,815,913 |
Field Neuroscience Institute St Louis, MO | $12,597,343 | $461,595 |
American Society Of Neurophysiological Monitoring Elmhurst, IL | $397,918 | $332,323 |
Hope Happens Inc Saint Louis, MO | $213,644 | $186,931 |
University Clinical Neurologists Indianapolis, IN | $835,035 | $92,060 |
Neurorecovery Learning Inc Louisville, KY | $121,521 | $89,659 |
Illinois State Neurological Society Quincy, IL | $82,600 | $0 |
International Society For Frontotemporal Dementias Inc Indianapolis, IN | $65,313 | $0 |
Margaret Hackett Family Center Nfp Chicago, IL | $1,082,013 | $145,619 |
Pdevv Hub Inc Evansville, IN | $18,547 | $26,103 |