American Society For Metabolic And Bariatric Surgery Foundation Inc
- Assets
- $1.2m
- Revenue
- $349.8k
- Investments
- $0.0
- Employees
- 2
- Location
- Newberry, FL
- Founding
- 11/1998
- Data as of
- 12/2021
- EIN
- 59-3520006
Organization Overview
American Society For Metabolic And Bariatric Surgery Foundation Inc is located in Newberry, FL. The organization was established in 1998. According to its NTEE Classification (H90) the organization is classified as: Medical Disciplines Research, under the broad grouping of Medical Research and related organizations. As of 12/2021, American Society For Metabolic And Bariatric Surgery Foundation Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Society For Metabolic And Bariatric Surgery Foundation 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, American Society For Metabolic And Bariatric Surgery Foundation Inc generated $349.8k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.1%) each year. All expenses for the organization totaled $241.8k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (7.8%) per year over the past 7 years. 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
OUR MISSION IS TO RAISE FUNDS FOR CONDUCTING RESEARCH & EDUCATION, INCREASING PUBLIC & SCIENTIFIC AWARENESS & UNDERSTANDING, & IMPROVING ACCESS TO QUALITY CARE & TREATMENT OF OBESITY & MORBID OBESITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ASMBS FOUNDATION HOSTS AN ANNUAL FUNDRAISING WALK "WALK FROM OBESITY" IN 22 CITIES WITH 20,000 PARTICIPANTS. WITH THESE MONIES WE FUND CRITICAL RESEARCH IN THE FIELD OF MORBID OBESITY AND RELATED DISEASES AND ISSUE GRANTS FOR EDUCATION OF THOSE AFFECTED BY OBESITY, THEIR FAMILIES, AND THE GENERAL PUBLIC TO DEVELOP A BETTER UNDERSTANDING OF OBESITY, ITS CONSEQUENCES AND TREATMENTS. THE FOUNDATION ALSO HOSTS AN ANNUAL FUNDRAISING AWARDS BANQUET IN CONJUNCTION WITH THE ASMBS ANNUAL CONFERENCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Votta Exec Dir. | Officer | 40 | $101,923 |
Rami Lufti MD Past Preside | OfficerTrustee | 1 | $0 |
Paul Enochs MD President | OfficerTrustee | 10 | $0 |
Carl Pesta MD Secretary/tr | OfficerTrustee | 1 | $0 |
Eric Demaria MD Director | Trustee | 1 | $0 |
Georgeann Mallory Rd Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $138,091 |
| Related organizations | $0 |
| Government grants | $104,221 |
| All other contributions, gifts, grants, and similar amounts not included above | $64,343 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $306,655 |
| Total Program Service Revenue | $0 |
| Investment income | $13,873 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $112,577 |
| Net Income from Fundraising Events | -$83,297 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $349,808 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $5,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $124,112 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $8,790 |
| Pension plan accruals and contributions | $1,279 |
| Other employee benefits | $0 |
| Payroll taxes | $9,945 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $21,174 |
| Fees for services: Accounting | $19,785 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $7,563 |
| Fees for services: Other | $12,352 |
| Advertising and promotion | $1,800 |
| Office expenses | $3,226 |
| Information technology | $14,387 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $824 |
| 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 | $637 |
| Insurance | $8,808 |
| All other expenses | $2,104 |
| Total functional expenses | $241,786 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $116,227 |
| Savings and temporary cash investments | $34,235 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $3,323 |
| Net Land, buildings, and equipment | $652 |
| Investments—publicly traded securities | $1,017,433 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,171,870 |
| Accounts payable and accrued expenses | $31,274 |
| 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 | $0 |
| Other liabilities | $26,359 |
| Total liabilities | $57,633 |
| Net assets without donor restrictions | $1,094,237 |
| Net assets with donor restrictions | $20,000 |
| 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 | $1,171,870 |
Grants Awarded
Over the last fiscal year, American Society For Metabolic And Bariatric Surgery Foundation Inc has awarded $140,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Newberry, FL PURPOSE: EDUCATION GRANT | $75,000 |
Evanston, IL PURPOSE: RESEARCH GRANT | $25,000 |
Davis, CA PURPOSE: RESEARCH GRANT | $25,000 |
Columbus, OH PURPOSE: RESEARCH GRANT | $15,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that American Society For Metabolic And Bariatric Surgery Foundation Inc has recieved totaling $82.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $82 |
Endowment Analysis
| Beg. Balance | $20,000 |
| Ending Balance | $20,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Foundation For Orthopaedic Research And Education Inc Tampa, FL | $1,560,496 | $3,465,860 |
Tampa Va Research And Education Foundation Inc Temple Terrace, FL | $4,353,686 | $3,415,527 |
Bay Pines Foundation Inc Bay Pines, FL | $1,266,331 | $1,296,485 |
Pediatric Heart Transplant Society Foundation Birmingham, AL | $63,523 | $386,033 |
Vaccine And Gene Therapy Institute Of Florida Corp Port St Lucie, FL | $217,466 | $19 |
South Carolina Orthopaedic Association Temple Terrace, FL | $68,707 | $322,769 |
Stem Cell Cancer And Regenerative Medicine Research Inc Boynton Beach, FL | $656,469 | $240,841 |
Joseph M Still Research Foundation Inc Augusta, GA | $285,106 | $464,408 |
American Society For Metabolic And Bariatric Surgery Foundation Inc Newberry, FL | $1,171,870 | $349,808 |
Bashan Institute Of Science Inc Auburn, AL | $1,081,907 | $303,203 |
Corrona Research Foundation Delray Beach, FL | $198,653 | $50,000 |
Association Of Standardized Patient Educators Inc Altamonte Springs, FL | $352,946 | $213,286 |