Naaso The Obesity Society Inc
- Assets
- $4.1m
- Revenue
- $2.2m
- Investments
- $0.0
- Employees
- 8
- Location
- Rockville, MD
- Founding
- 09/1988
- Data as of
- 12/2022
- EIN
- 54-1438429
Organization Overview
Naaso The Obesity Society Inc is located in Rockville, MD. The organization was established in 1988. According to its NTEE Classification (G80) the organization is classified as: Specifically Named Diseases, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. As of 12/2022, Naaso The Obesity Society Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Naaso The Obesity 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 12/2022, Naaso The Obesity Society Inc generated $2.2m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.5%) each year. All expenses for the organization totaled $2.3m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (1.5%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Naaso The Obesity Society Inc has awarded 12 individual grants totaling $880,000. 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 UNDERSTAND, PREVENT, AND TREAT OBESITY TO IMPROVE THE LIVES OF THOSE LIVING WITH THIS DISEASE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OBESITYWEEK:ANNUAL SCIENTIFIC MEETING: OUR ANNUAL SCIENTIFIC MEETING WAS HELD THIS YEAR IN NOVEMBER, IN CONJUNCTION WITH AMERICAN SOCIETY OF METABOLIC AND BARIATRIC SURGERY'S ANNUAL MEETING, THIS WAS ALL PERFORMED THROUGH THE PARTNERSHIP - OBESITY WEEK, LLC WITH ONLY A PORTION OF THE NET PROFITS RETURNING TO TOS.
OBESITY MEDICINE FELLOWSHIP COUNCIL:THE OBESITY MEDICINE FELLOWSHIP COUNCIL (OMFC) WAS CREATED TO SUPPORT FELLOWSHIP PROGRAMS, FELLOWS, AND THE FIELD OF OBESITY MEDICINE. THE OMFC IS DEDICATED TO PROVIDING THE MOST UP-TO-DATE INFORMATION REGARDING OBESITY MEDICINE FELLOWSHIP TRAINING, AS WELL AS OTHER RESOURCES FOR THOSE INTERESTED IN LEARNING MORE ABOUT CAREERS IN OBESITY MEDICINE.
OBESITY JOURNAL: OBESITY JOURNAL IS A MONTHLY PUBLICATION OF PEER-REVIEWED INTEGRATED STUDIES AND EXPLORATION OF SCIENTIFIC DEVELOPMENTS IN ALL AREAS OF OBESITY-RELATED RESEARCH, INCLUDING CLINICAL INVESTIGATIONS, OBESITY BIOLOGY, INTEGRATED PHYSIOLOGY, PEDIATRIC OBESITY, EPIDEMIOLOGY, AND GENETICS.
MEMBERSHIP SERVICES: THE GENERAL MEMBERSHIP SUPPORT SERVICES IN ORDER TO PROMOTE, REWARD, AND ENCOURAGE RESEARCH IN THE FIELD OF OBESITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daniel Bessesen President | OfficerTrustee | 10 | $0 |
Elizabeth Parks President-Elect | OfficerTrustee | 10 | $0 |
Jamy Ard Vice President | OfficerTrustee | 40 | $0 |
Leah D Whigham Secretary/treasurer | OfficerTrustee | 10 | $0 |
Catherine Kotz Immediate Past President | OfficerTrustee | 10 | $0 |
Jamie Almandoz At-Large | Trustee | 10 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Joe Gugliuzza Trajectory Llc Marketing And General Support For The Ac | 12/30/20 | $108,860 |
Wright Constable & Skeen Llp Wc&s Legal Services | 12/30/20 | $257,746 |
Your Part-time Controller Llc Accounting Services | 12/30/20 | $105,244 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $231,317 |
| All other contributions, gifts, grants, and similar amounts not included above | $172,117 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $403,434 |
| Total Program Service Revenue | $1,585,987 |
| Investment income | $87,388 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $328,868 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$286,175 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,239,725 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $112,260 |
| 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. | $468,343 |
| Compensation of current officers, directors, key employees. | $306,495 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $421,349 |
| Pension plan accruals and contributions | $37,767 |
| Other employee benefits | $92,539 |
| Payroll taxes | $60,169 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,110 |
| Fees for services: Accounting | $117,706 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $540,344 |
| Advertising and promotion | $25,681 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $62,505 |
| Travel | $15,108 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $6,314 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $18,092 |
| Insurance | $6,118 |
| All other expenses | $79,154 |
| Total functional expenses | $2,251,833 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $444,390 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $217,483 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $869,974 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $19,230 |
| Net Land, buildings, and equipment | $14,313 |
| Investments—publicly traded securities | $2,289,384 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $226,906 |
| Total assets | $4,081,680 |
| Accounts payable and accrued expenses | $109,664 |
| Grants payable | $473,416 |
| Deferred revenue | $1,886,367 |
| 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 | $435,819 |
| Total liabilities | $2,905,266 |
| Net assets without donor restrictions | $1,064,956 |
| Net assets with donor restrictions | $111,458 |
| 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 | $4,081,680 |
Grants Awarded
Over the last fiscal year, Naaso The Obesity Society Inc has awarded $795,000 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
CLEVELAND CLINIC PURPOSE: Research - OMFC Grant Award | $110,000 |
NYU GROSSMAN SCHOOL OF MEDICINE PURPOSE: Research - OMFC Grant | $110,000 |
UNIVERSITY OF PITTSBURG MEDICAL CENTER PURPOSE: Research - OMFC Grant | $110,000 |
UNIVERSITY OF UTAH PURPOSE: Research - OMFC Grant Award | $110,000 |
THE METROHEALTH SYSTEM PURPOSE: Research - OMFC Grant | $110,000 |
VANDERBILT UNIVERSITY PURPOSE: Research - OMFC Grant | $110,000 |