Ases Foundation EIN 36-3313192 Form 990 (PDF) Claim this org

Ases Foundation FY2020 filing

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Supports charitable and educational goals for shoulder and elbow surgeons. For fiscal year 2020 it reported $762K in revenue, $538K in expenses, and $4.7M in net assets.Pt I

Founded
2016
Type
Public charity (501(c)(3)) · Nonprofit
Location
Schaumburg, IL
Website
www.ases-assn.org
Filings
6 on file (2020–2020)
Revenue
$762KFY2020
Expenses
$538K
Net assets
$4.7M
People
9
Filings
6
Updates
0
More identity details & actions ⌄
EIN  36-3313192 Public charity (501(c)(3)) Schaumburg, IL Founded 2016
Form 990 (PDF)
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →
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Figures match the IRS filing checked 8/26/26 · see original: IRS
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Size
$1–10M
What they do
Supports charitable and educational goals for shoulder and elbow surgeons.
Leadership
Money in and out
$762K revenue, $538K expenses
Bottom line
91% program efficiency
Where the money goes · FY2020
Total revenue
$762K
Pt VIII · Ln 12
Total expenses
$538K
Pt IX · Ln 25
Net assets
$4.7M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $224K
Where spending went · Part IX cols B–D
Program services $0.91 Management & general $0.09
Program efficiency
91%
of spending reaches programs
Operating runway
105.5mo
months of highly liquid reserves at operating expense rate
Surplus margin
+29%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2020 · Form 990
Revenue
$762K
FY2020
Expenses
$538K
FY2020
Total assets
$4.8M
FY2020
Total liabilities
$40K
FY2020
Revenue less expensesPt I · Ln 19$224K
Total assetsPt X · Ln 16$4.8M
Program-expense ratioPt IX · col B91%
Voting members of governing bodyPt I · Ln 39
Independent voting membersPt I · Ln 49

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CAses Foundation
EINHdr · item D36-3313192
Principal addressHdr · item CSchaumburg, IL
WebsiteHdr · item Jwww.ases-assn.org
Year of formationHdr · item L2016
State of legal domicileHdr · item MIL
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFAug 1984

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a9
Independent voting membersPt VI · Ln 1b9
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Past President
$0Pt VII · Sec A
Secretary/Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Ases Foundation executive salaries →

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Mission & Programs · Part III

Where the work happens

1 program service account for $490K of program spending, described in the organization's own filed words · FY2020.
01

Foster research relative to shoulder and elbow surgery by providing grants to presenters of scientific papers relating to the techniques and developments in shoulder and elbow surgery. Additionally, the foundation gives fellowship grants for the education and training of shoulder and elbow clinicians.

$490Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$653K · 86%
Investment income$109K · 14%
Contributions & grants86%$653K
Investment income14%$109K
Total revenueLn 12$762K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.91 Management & general $0.09
Program services91%$490K
Management & general9%$48K
Total functional expensesLn 25$538K

Balance Sheet

Part X · end of year
CashLn 1$941K
Total assetsLn 16$4.8M
Total liabilitiesLn 26$40K
Total net assetsLn 32$4.7M
Months of cash on handcomputed21.0

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $4.7M · Operating expenses/yr $538K
105.5 months
Where the money goes
Program services
Program services $490K · Total expenses $538K
91%
Management & General
Management & general $48K · Total expenses $538K
9%
Fundraising
Fundraising $0 · Total expenses $538K
0%
Cost to raise $1
Fundraising expense $0 · Solicited contributions $653K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $653K · Total revenue $762K
86%
Government reliance
Government grants — · Total revenue $762K
Earned-income share
Program service revenue $0 · Total revenue $762K
0%
Investment reliance
Investment income $109K · Total revenue $762K
+14%
Program self-sufficiency
Program service revenue $0 · Total expenses $538K
0%
Growth & trend
Revenue growth (YoY)
This year $762K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $4.7M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $762K · Expenses $538K
+29%
Liabilities-to-Assets
Total liabilities — · Total assets $4.8M
Net-asset ratio
Net assets $4.7M · Total assets $4.8M
99%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $3.8M · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $4.8M
80%
People & payroll
Highest Reported Total Compensation
Individual Anthony Miniaci MD Frcsc · Reported title CHAIR · Highest reported compensation $0 · Total expenses $538K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $538K
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 91%
Overhead ratio 9%
Fundraising cost ratio 0%
Investment management fee ratio 0.5%
Legal fee ratio 2%
Accounting fee ratio 0.9%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2025
Total grants receivedfrom 1 funder$1.0M
Grants paid · 121 grants · $5.2M · 2020–2025
Unitemized GrantFY2025$550,798
Unitemized GrantFY2025$79,500
The San Antonio Orthopaedic Group LLPFY2025$41,262
Turnkey Al Practice INCFY2025$40,074
Unitemized GrantFY2025$30,000
University of Chicago Dept of Orthopedic SurgeryFY2025$25,771
Unitemized GrantFY2025$24,000
University of MarylandFY2025$21,972
Hh Medstar Health INCMD · FY2025$21,972
Unitemized GrantFY2025$19,500
Unitemized GrantFY2025$18,342
Unitemized GrantFY2025$16,079
St Louis UniversityMO · FY2025$15,000
See all 121 grants →

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$3.7M revenue · ⤓ 990 PDF
FY2024$4.1M revenue · ⤓ 990 PDF
FY2023$1.7M revenue · ⤓ 990 PDF
FY2022$1.9M revenue · ⤓ 990 PDF
FY2021$1.2M revenue · ⤓ 990 PDF
FY2020$762K revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2020IRS
Classification, formation year, addressIRS Business Master File
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