American College Of Osteopathic Surgeons
- Assets
- $9.2m
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 8
- Location
- Alexandria, VA
- Founding
- 09/1990
- Data as of
- 06/2023
- EIN
- 59-0576644
Organization Overview
American College Of Osteopathic Surgeons is located in Alexandria, VA. The organization was established in 1990. According to its NTEE Classification (B01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Education and related organizations. As of 06/2023, American College Of Osteopathic Surgeons employed 8 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. American College Of Osteopathic Surgeons is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 06/2023, American College Of Osteopathic Surgeons generated $2.3m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.4%) each year. All expenses for the organization totaled $2.6m during the year ending 06/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
ASSURING EXCELLENCE IN OSTEOPATHIC SURGICAL CARE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ANNUAL CLINICAL ASSEMBLY: ANNUAL MEETING OF AMERICAN COLLEGE OF OSTEOPATHIC SURGEONS (THE COLLEGE) MEMBERS OFFERING FOUR DAYS OF EDUCATIONAL PROGRAMS, SEMINARS, LABS, AND SCIENTIFIC TECHNICAL DISPLAYS.
IN DEPTH REVIEW SEMINAR: AN EDUCATIONAL PROGRAM FOR THE COLLEGE MEMBERS ON NEW AND PROBLEMATIC TOPICS IN GENERAL SURGERY.
ACOS NEWS: MONTHLY NEWSLETTER DISTRIBUTED TO ALL MEMBERS AND CONTAINING MONTHLY UPDATES ON MANAGED COMPETITION, GRADUATE MEDICAL EDUCATION, MEDICARE FEE SCHEDULES, HEALTHCARE REFORM, AND OTHER ISSUES OF CONCERN TO MEMBERSHIP.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kristen J Conrad-Schnetz President | OfficerTrustee | 1 | $0 |
Christopher A Reeder Past-President | OfficerTrustee | 1 | $0 |
J Bracken Burns Jr President-Elect | OfficerTrustee | 1 | $0 |
Nelayda Fonte Secretary-Treasurer | OfficerTrustee | 1 | $0 |
Francesco T Mangano At-Large Bog Member | Trustee | 1 | $0 |
Peter U Baik Bog Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $53,350 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $32,500 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $85,850 |
| Total Program Service Revenue | $2,099,343 |
| Investment income | $154,353 |
| 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 | $2,344,582 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $12,500 |
| 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. | $502,259 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $350,743 |
| Pension plan accruals and contributions | $35,404 |
| Other employee benefits | $43,592 |
| Payroll taxes | $61,983 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $8,206 |
| Fees for services: Accounting | $15,314 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $100,112 |
| Advertising and promotion | $456 |
| Office expenses | $132,439 |
| Information technology | $122,097 |
| Royalties | $0 |
| Occupancy | $273,407 |
| Travel | $62,021 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $667,130 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $94,149 |
| Insurance | $21,805 |
| All other expenses | $0 |
| Total functional expenses | $2,574,756 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $877,376 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $24,694 |
| 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 | $90,553 |
| Net Land, buildings, and equipment | $446,764 |
| Investments—publicly traded securities | $5,931,905 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,872,096 |
| Total assets | $9,243,388 |
| Accounts payable and accrued expenses | $201,527 |
| Grants payable | $0 |
| Deferred revenue | $901,928 |
| 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 | $2,947,713 |
| Total liabilities | $4,051,168 |
| Net assets without donor restrictions | $5,192,220 |
| 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 | $9,243,388 |
Grants Awarded
Over the last fiscal year, American College Of Osteopathic Surgeons has awarded $253,200 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN COLLEGE OF OSTEOPATHIC SURGEONS UROLOGICAL DISCIPLINE PURPOSE: ACA Speaker Grant | $8,500 |
AMERICAN COLLEGE OF OSTEOPATHIC SURGEONS GENERAL SURGERY DISCIPLINE PURPOSE: ACA Speaker Grant | $10,000 |
ACOS CARDIOTHORACIC & VASCULAR SURGERY PURPOSE: ACA Speaker Grant | $8,500 |
AMERICAN COLLEGE OF OSTEOPATHIC SURGEONS NEUROLOGICAL SURGERY DISCIPLINE PURPOSE: ACA Speaker Grant | $8,500 |
ACOS STUDENT OSTEOPATHIC SURGICAL ASSOCIATION PURPOSE: SOSA Discipline Grant | $12,500 |
ACOS PLASTIC & RECONSTRUCTIVE SURGERY DIVISION PURPOSE: ACA Speaker Grant | $5,200 |