Academic Surgical Congress LLC FY2020 filing

Tax-deductible

Encino, CA501(c)(3)EIN 26-3462607Revenue $1.2M in FY2020

On file with the IRSacademicsurgicalcongress.org15821 Ventura Blvd Ste 400, 91436-2943 · Encino, CATax-exempt since Nov 2010Publicly supported — 509(a)(2)

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The mission is to operate and manage the annual educational convention of the Academic Surgical Congress on behalf of other 501(c)(3) organizations.

501(c)(3) charity; gifts are tax-deductible.
87¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average surplus $8K a year · under 1% of revenue · last 5 filings
Worth a look: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
87%
of spending
Looks good: 87% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
2 mo
of spending, in cash
Fine: 1.7 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$168K
79% of total assets
Worth a look: liabilities are 79% of assets; over 65%.
Pt X · Ln 26
Independent board members
10
of 10 voting members
Looks good: 10 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.2M
Spent
$1.2M
To programs
87%
Net assets
$46K
By yearFY2020–FY2024
Revenue
$1.2M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$1.2M
FY2021$249K
FY2022$789K
FY2023$1.2M
FY2024$1.3M
Expenses
$1.2M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$1.2M
FY2021$251K
FY2022$791K
FY2023$1.2M
FY2024$1.3M
Net assets
$46K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$46K
FY2021$44K
FY2022$42K
FY2023$39K
FY2024$86K

From the FY2020 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Nov 2010.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

87 cents of each dollar spent went to programs.

Program services 87% · $1.0M Management & general 13% · $154K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

10 people listed on the 990.

Part VII, Section A · reportable compensation
Aas President
$0Pt VII · Sec A
Sus President
$0Pt VII · Sec A
Aas President-Elect
$0Pt VII · Sec A
Sus President-Elect
$0Pt VII · Sec A
Aas Recorder
$0Pt VII · Sec A
Sus Chair of Publications
$0Pt VII · Sec A
Aas Secretary
$0Pt VII · Sec A
Sus Secretary
$0Pt VII · Sec A
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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Manages an annual educational convention for academic surgical organizations.

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Provided by the organization

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1 program · $1.0M · in their own filed words · FY2020
01

The annual meeting of the academic surgical congress was held and provided members with presentations and forums featuring discussions pertaining to surgery.

$1.0Mprogram expense

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$1.2M
Ln 12
Fees for servicesLn 2g$953K
Gifts and grantsLn 1h$242K
Money outPt IX
$1.2M
Ln 25
Programscol B$1.0M
Managementcol C$154K
Owns and owesPt X
$46K
net assets · Ln 32
Cash and savingsLn 1–2$170K
Total assetsLn 16$213K
LiabilitiesLn 26$168K
PeoplePt VI, VII
10
listed · VII A
PaidVII A0
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$242K
Fees for servicesLn 2g$953K
Total revenueLn 12$1.2M
Assets in detailPt X, end of year
CashLn 1$170K
Cash and savings togetherLn 1–2$170K
Total assetsLn 16$213K
LiabilitiesLn 26$168K
Net assetsLn 32$46K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$858K$170K
Total assetsLn 16$1.0M$213K
LiabilitiesLn 26$992K$168K
Net assetsLn 32$46K$46K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$216K$108K$108K
Accounting feesLn 11c$2K$2K
Office expensesLn 13$44K$44K
TravelLn 17$22K$22K
Conferences, conventions and meetingsLn 19$911K$911K
InsuranceLn 23$813$813
Total functional expensesLn 25$1.2M$1.0M$154K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $1.3M$1.3M$47K$86K 990 PDF
FY2023 $1.2M$1.2M−$3K$39K 990 PDF
FY2022 $789K$791K−$2K$42K 990 PDF
FY2021 $249K$251K−$2K$44K 990 PDF
FY2020 Viewing $1.2M$1.2M$100$46K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (6 parts)
Part I · Summary $1,195,440 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $212,500$242,000
I-9 Program service revenuePrior year $894,405$953,440
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $1,106,905$1,195,440
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,108,725$1,195,340
I-18 Total expensesPrior year $1,108,725$1,195,340
I-19 Revenue less expensesPrior year −$1,820$100
Part VI · Governance 10 of 10 board members independent, 1 to look at
VI-1a Voting members of the governing body10
VI-1b Independent voting members10
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $1,195,440 across 4 lines filed
VIII-1f All other contributions, gifts and grants$242,000
VIII-1h Total contributions, gifts and grants$242,000
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $953,440$953,440
VIII-12 Total revenueRelated to mission $953,440 · Unrelated business $0 · Excluded from tax $0$1,195,440
Part IX · Statement of functional expenses $1,195,340 across 6 lines filed
IX-11a Management feesPrograms $108,105 · Management $108,105$216,210
IX-11c Accounting feesManagement $1,985$1,985
IX-13 Office expensesManagement $43,521$43,521
IX-17 TravelPrograms $21,864$21,864
IX-19 Conferences, conventions and meetingsPrograms $910,947$910,947
IX-23 InsuranceManagement $813$813
IX-25 Total functional expensesPrograms $1,040,916 · Management $154,424 · Fundraising $0$1,195,340
Part X · Balance sheet $213,495 assets, 9 lines filed
Asset lines not itemized here account for $3,486; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $858,240$169,764
X-9 Prepaid expenses and deferred chargesStart of year $179,485$40,245
X-16 Total assetsStart of year $1,037,725$213,495
X-19 Deferred revenueStart of year $962,045$137,715
X-25 Other liabilitiesStart of year $30,000$30,000
X-26 Total liabilitiesStart of year $992,045$167,715
X-27 Net assets without donor restrictionsStart of year $45,680$45,780
X-32 Total net assets or fund balancesStart of year $45,680$45,780
X-33 Total liabilities and net assetsStart of year $1,037,725$213,495
Part XI · Reconciliation of net assets $45,780 net assets at year end
XI-1 Total revenue$1,195,440
XI-2 Total expenses$1,195,340
XI-3 Revenue less expenses$100
XI-4 Net assets at start of year$45,680
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$45,780

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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