Institute for Basic and Applied Research in Surgery INC

Tax-deductible

Minneapolis, MN501(c)(3)Since 1984Diseases & DisordersEIN 36-3297771Revenue $55K in FY2025

On file with the IRS5925 Diamond Lake Ln, 55419-2544 · Minneapolis, MNTax-exempt since Aug 1984Publicly supported charity — 170(b)(1)(A)(vi)

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501(c)(3) charity; gifts are tax-deductible.
65¢ of each $1 spent went to programs.
Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2025 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 6
filings with a surplus
Average deficit $98K a year · 103% of revenue · last 6 filings
Concern: a surplus in 1 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
65%
of spending
Fine: 65% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Cash reserves
2 mo
of spending, in cash
Fine: 2.5 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$1K
0.07% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 6 voting members
Looks good: 5 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$55K
-45% vs prior year
Spent
$67K
To programs
65%
Net assets
$1.9M
By yearFY2020–FY2025
Revenue
$55K
FY2025▼ -45%
Tap a bar for its year
Revenue by fiscal year
FY2020$189K
FY2021$98K
FY2022$70K
FY2023$60K
FY2024$100K
FY2025$55K
Expenses
$67K
FY2025▼ -17%
Tap a bar for its year
Expenses by fiscal year
FY2020$418K
FY2021$120K
FY2022$373K
FY2023$102K
FY2024$81K
FY2025$67K
Net assets
$1.9M
FY2025+0.03%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.9M
FY2021$2.4M
FY2022$1.8M
FY2023$1.8M
FY2024$1.9M
FY2025$1.9M

From the FY2025 Form 990 (year ending June 2025) · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Aug 1984.

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

Where the money goes

65 cents of each dollar spent went to programs.

Program services 65% · $44K Management & general 30% · $20K Fundraising 5% · $4K

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 · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Sarah E Kostial’s $67K as Executive Director is at the 93rd percentile of top reported officer pay among 154 <$100K diseases & disorders nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Sarah E Kostial$67,105$90,000$66,000$54,000$42,000
William a Sullivan——$24,000$36,000$48,000

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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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

Funds promising young surgical researchers across North America.

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Provided by the organization

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1 program · $44K · in their own filed words · FY2024
01

See schedule O.THE programmatic service area accomplishments for fiscal year 2018-2019 include funding support, resources, training and infrastructure and, in limited cases, wages and compensation to promote, sponsor, and facilitate basic and applied research among 21 surgical subspecialty areas at nationally recognized academic surgery…

$44Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking
Grants paid · 4 grants · $379K · 2019–2021
Neurology Ltd W R Kennedy MD Neurology ResearchFY2021$250,000
International Humanitarian Surgical TeamFY2021$17,949
Neuro Devices INCFY2019$100,000
Individual RecipientFY2019$10,850

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$55K
Ln 12
Investment incomeLn 3$49K
Gifts and grantsLn 1h$6K
Money outPt IX
$67K
Ln 25
Programscol B$44K
Managementcol C$20K
Fundraisingcol D$4K
Owns and owesPt X
$1.9M
net assets · Ln 32
Cash and savingsLn 1–2$14K
Total assetsLn 16$1.9M
LiabilitiesLn 26$1K
PeoplePt VI, VII
10
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$6K
Investment incomeLn 3$49K
Gains on assetsLn 7$27K
Total revenueLn 12$55K
Assets in detailPt X, end of year
CashLn 1$14K
Cash and savings togetherLn 1–2$14K
InvestmentsLn 11–13$1.9M
Total assetsLn 16$1.9M
LiabilitiesLn 26$1K
Net assetsLn 32$1.9M
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$29K$14K
InvestmentsLn 11–13$1.9M$1.9M
Total assetsLn 16$1.9M$1.9M
LiabilitiesLn 26$0$1K
Net assetsLn 32$1.9M$1.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$18K$18K
Pay of current officers, directors and key staffLn 5$32K$23K$6K$3K
Payroll taxesLn 10$3K$2K$475$254
Accounting feesLn 11c$5K$5K
Other fees for servicesLn 11g$9K$9K
Office expensesLn 13$30$30
Information technologyLn 14$320$320
Other expenses (24a–d)Ln 24$760$557$132$71
Total functional expensesLn 25$67K$44K$20K$4K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $55K$67K−$13K$1.9M 990 PDF
FY2024 $100K$81K$19K$1.9M 990 PDF
FY2023 $60K$102K−$41K$1.8M 990 PDF
FY2022 $70K$373K−$303K$1.8M 990 PDF
FY2021 $98K$120K−$22K$2.4M 990 PDF
FY2020 $189K$418K−$229K$1.9M 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 FY2025 990 (6 parts)
Part I · Summary $54,827 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $22,720$6,000
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $57,631$48,827
I-11 Other revenuePrior year $20,067$0
I-12 Total revenuePrior year $100,418$54,827
I-13 Grants and similar amounts paidPrior year $0$18,334
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $73,058$34,540
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $8,267$14,597
I-18 Total expensesPrior year $81,325$67,471
I-19 Revenue less expensesPrior year $19,093−$12,644
Part VI · Governance 5 of 6 board members independent, 3 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members5
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
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
Part VIII · Statement of revenue $54,827 across 5 lines filed
VIII-1f All other contributions, gifts and grants$6,000
VIII-1h Total contributions, gifts and grants$6,000
VIII-3 Investment incomeExcluded from tax $21,918$21,918
VIII-7 Net gain or loss on sales of assetsExcluded from tax $26,909$26,909
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $48,827$54,827
Part IX · Statement of functional expenses $67,471 across 8 lines filed
IX-1 Grants to domestic organizationsPrograms $18,334$18,334
IX-5 Pay of current officers, directors and key staffPrograms $22,816 · Management $5,984 · Fundraising $3,200$32,000
IX-10 Payroll taxesPrograms $1,811 · Management $475 · Fundraising $254$2,540
IX-11c Accounting feesManagement $4,851$4,851
IX-11g Other fees for servicesManagement $8,636$8,636
IX-13 Office expensesPrograms $30$30
IX-14 Information technologyPrograms $320$320
IX-24 Other expenses (24a–d)Programs $557 · Management $132 · Fundraising $71$760
IX-25 Total functional expensesPrograms $43,868 · Management $20,078 · Fundraising $3,525$67,471
Part X · Balance sheet $1,909,988 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $29,089$14,324
X-11 Publicly traded securitiesStart of year $1,879,122$1,895,664
X-16 Total assetsStart of year $1,908,211$1,909,988
X-17 Accounts payable and accrued expenses$1,274
X-26 Total liabilitiesStart of year $0$1,274
X-28 Net assets with donor restrictionsStart of year $1,908,211$1,908,714
X-32 Total net assets or fund balancesStart of year $1,908,211$1,908,714
X-33 Total liabilities and net assetsStart of year $1,908,211$1,909,988
Part XI · Reconciliation of net assets $1,908,714 net assets at year end
XI-1 Total revenue$54,827
XI-2 Total expenses$67,471
XI-3 Revenue less expenses−$12,644
XI-4 Net assets at start of year$1,908,211
XI-8 Prior period adjustments$13,147
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,908,714

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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