Plastic Surgery Foundation FY2021 filing

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The psf promotes the highest standards in research and education for Plastic Surgery, our members, and their patients.

Form 990 Part I, line 1, FY2021. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 59-6144450) · Dispute this line
501(c)(3) charity; gifts are tax-deductible.
84¢ of each $1 spent went to programs.
$83K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
The latest return is for FY2025, 1 tax year back.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $329K a year · 9% of revenue · last 5 filings
A surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
84%
of spending
84% of spending went to programs.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$83K
to officers and key staff · 2% of spending
Pay to officers and key staff is 2% of spending.
Part VII, Section A
15.9 mo
of spending, in cash
Plus $17.4M in investments, Pt X · Ln 11–13
15.9 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
5
named funders · $700K
5 funders name it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
$1.3M
5% of total assets
Liabilities are 5% of assets.
Pt X · Ln 26
Independent board members
22
of 26 voting members
22 of 26 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$3.7M
Spent
$3.6M
To programs
84%
Net assets
$22.6M
By yearFY2021–FY2025
Revenue
$3.7M
FY2021
Tap a bar for its year
Revenue by fiscal year
FY2021$3.7M
FY2022$3.4M
FY2023$3.7M
FY2024$3.7M
FY2025$3.6M
Expenses
$3.6M
FY2021
Tap a bar for its year
Expenses by fiscal year
FY2021$3.6M
FY2022$3.8M
FY2023$3.4M
FY2024$2.9M
FY2025$2.8M
Net assets
$22.6M
FY2021
Tap a bar for its year
Net assets by fiscal year
FY2021$22.6M
FY2022$19.8M
FY2023$20.9M
FY2024$22.6M
FY2025$24.5M

From the FY2021 Form 990 (year ending June 2021) · figures checked against the IRS filing · see the original

You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jun 2020.

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

Where the money goes

84 cents of each dollar spent went to programs.

Program services 84% · $3.0M Management & general 7% · $269K Fundraising 8% · $295K

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

40 people listed on the 990; $83K paid to officers and key staff (Part VII, Section A).

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Immediate Past Psf President
$58,822Pt VII · Sec A
Psf President
$23,679Pt VII · Sec A
Immediate Past Psf President - Past
$0Pt VII · Sec A
Asps President
$0Pt VII · Sec A
Asps President - Elect
$0Pt VII · Sec A
Psf President - Elect
$0Pt VII · Sec A
Bvp - Development
$0Pt VII · Sec A
Bvp - Health Policy & Advocacy
$0Pt VII · Sec A

Bernard Lee MD’s $73K as Immediate Past Psf President is at the 10th percentile of top reported officer pay among 734 $1–10M 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 · 3 named individuals · Part VII

NameFY2023FY2022FY2021
Bernard Lee MD$72,598——
Gayle Gordillo MD—$59,422$23,679
C Scott Hultman MD——$58,822

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.

See Plastic Surgery Foundation executive salaries →

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 and supports plastic surgery research, educational grants, and public service initiatives globally to improve surgical standards and patient care.

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1 program · $3.0M · in their own filed words · FY2020
01

To develop and support the domestic and international research and public service activities of plastic surgeons through educational grants and research awards.

Form 990 Part III, line 4, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 59-6144450) · Dispute this line
$3.0Mprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2024
Smile Train INCFY2024$40K
Total grants receivedfrom 5 funders$700K
See all 5 funders →
Grants paid · 153 grants · $4.8M · 2020–2024
Indiana UniversityIN · FY2024$110,000
The Ohio State UniversityOH · FY2024$59,974
Johns Hopkins UniversityMD · FY2024$49,875
Northwestern UniversityIL · FY2024$49,849
Breastoration INCLA · FY2024$15,000
Yale UniversityCT · FY2024$10,000
Rutgers the State UniversityNJ · FY2024$10,000
Regents of the Univ of CaliforniadavisFY2024$10,000
See all 153 grants →

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$3.7M
Ln 12
Gifts and grantsLn 1h$2.7M
Investment incomeLn 3$1.1M
Money outPt IX
$3.6M
Ln 25
Programscol B$3.0M
Managementcol C$269K
Fundraisingcol D$295K
Owns and owesPt X
$22.6M
net assets · Ln 32
Cash and savingsLn 1–2$4.8M
Total assetsLn 16$23.9M
LiabilitiesLn 26$1.3M
PeoplePt VI, VII
40
listed · VII A
PaidVII A2
Voting boardVI 1a26
IndependentVI 1b22
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2.7M
Noncash giftsLn 1g$7K
Fundraising eventsLn 1c$196K
Investment incomeLn 3$1.1M
Gains on assetsLn 7$582K
Total revenueLn 12$3.7M
Assets in detailPt X, end of year
CashLn 1$151K
SavingsLn 2$4.6M
Cash and savings togetherLn 1–2$4.8M
Pledges and grants receivableLn 3$818K
Accounts receivableLn 4$154K
Prepaid expenses and deferred chargesLn 9$37K
Land, buildings, equipmentLn 10c$58K
InvestmentsLn 11–13$17.4M
Other assetsLn 15$578K
Total assetsLn 16$23.9M
LiabilitiesLn 26$1.3M
Net assetsLn 32$22.6M
OperationsPt I, VI
EmployeesI 50
VolunteersI 61,249
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3More from this return
Investment feesPt IX, Sch D
Investment fees, as reportedPt IX 11f$88K
Share of the $9.1M endowmentSch D 1g0.97%
Typical, median of 2,202 orgs0.44%
EndowmentSch D · Pt V
LineFY21FY20FY19FY18FY17
End of yearLn 1g$9.1M$7.5M$7.8M$7.8M$7.1M
AddedLn 1b$2K$657K
SpentLn 1d–1f$203K$423K$441K$454K$365K
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$3.4M$4.8M
InvestmentsLn 11–13$14.8M$17.4M
Land, buildings, equipmentLn 10c$289K$58K
Total assetsLn 16$21.4M$23.9M
LiabilitiesLn 26$1.2M$1.3M
Net assetsLn 32$20.2M$22.6M
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$1.4M$1.4M
Pay of officers and key staff (Part IX, line 5)Ln 5$83K$83K
Other salaries and wagesLn 7$789K$584K$35K$171K
Legal feesLn 11b$62K$41K$21K$156
Accounting feesLn 11c$21K$21K
Investment management feesLn 11f$88K$88K
Other fees for servicesLn 11g$353K$352K$650
Advertising and promotionLn 12$2K$2K
Office expensesLn 13$506K$380K$21K$104K
Information technologyLn 14$37K$33K$3K
TravelLn 17$296$248$48
Conferences, conventions and meetingsLn 19$35K$20K$595$15K
Depreciation, depletion and amortizationLn 22$231K$231K
Total functional expensesLn 25$3.6M$3.0M$269K$295K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS May 13, 2026 $3.6M$2.8M$830K$24.5M 990 PDF
FY2024Filed with the IRS May 6, 2025 $3.7M$2.9M$810K$22.6M 990 PDF
FY2023Filed with the IRS May 14, 2024 $3.7M$3.4M$330K$20.9M 990 PDF
FY2022Filed with the IRS May 12, 2023 $3.4M$3.8M−$435K$19.8M 990 PDF
FY2021 ViewingFiled with the IRS Feb 28, 2022 $3.7M$3.6M$109K$22.6M 990 PDF

Schedules filed Part IV

A · Public support D · Assets and endowments I · Grants O · Explanations
See the full FY2021 990
Part I · Summary $3,721,510 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $4,954,181$2,662,369
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $846,453$1,075,106
I-11 Other revenuePrior year −$92,910−$15,965
I-12 Total revenuePrior year $5,707,724$3,721,510
I-13 Grants and similar amounts paidPrior year $1,303,358$1,405,869
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $740,716$872,437
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,411,339$1,333,864
I-18 Total expensesPrior year $3,455,413$3,612,170
I-19 Revenue less expensesPrior year $2,252,311$109,340
Part VI · Governance 22 of 26 board members independent, 1 to look at
VI-1a Voting members of the governing body26
VI-1b Independent voting members22
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 $3,721,510 across 8 lines filed
VIII-1c Fundraising events$196,321
VIII-1f All other contributions, gifts and grants$2,466,048
VIII-1g Noncash contributions (included above)$6,825
VIII-1h Total contributions, gifts and grants$2,662,369
VIII-3 Investment incomeExcluded from tax $492,878$492,878
VIII-7 Net gain or loss on sales of assetsExcluded from tax $582,228$582,228
VIII-8 Net income from fundraising eventsExcluded from tax −$15,965−$15,965
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $1,059,141$3,721,510
Part IX · Statement of functional expenses $3,612,170 across 13 lines filed
IX-1 Grants to domestic organizationsPrograms $1,405,869$1,405,869
IX-5 Pay of officers and key staff (Part IX, line 5)Management $82,979$82,979
IX-7 Other salaries and wagesPrograms $583,963 · Management $34,721 · Fundraising $170,774$789,458
IX-11b Legal feesPrograms $41,023 · Management $20,694 · Fundraising $156$61,873
IX-11c Accounting feesManagement $21,000$21,000
IX-11f Investment management feesManagement $87,792$87,792
IX-11g Other fees for servicesPrograms $352,337 · Fundraising $650$352,987
IX-12 Advertising and promotionPrograms $1,731$1,731
IX-13 Office expensesPrograms $379,609 · Management $21,451 · Fundraising $104,448$505,508
IX-14 Information technologyPrograms $33,293 · Fundraising $3,497$36,790
IX-17 TravelManagement $248 · Fundraising $48$296
IX-19 Conferences, conventions and meetingsPrograms $19,511 · Management $595 · Fundraising $15,212$35,318
IX-22 Depreciation, depletion and amortizationPrograms $230,569$230,569
IX-25 Total functional expensesPrograms $3,047,905 · Management $269,480 · Fundraising $294,785$3,612,170
Part X · Balance sheet $23,860,142 assets, 17 lines filed
X-1 Cash, non-interest-bearingStart of year $171,567$150,590
X-2 Savings and temporary cash investmentsStart of year $3,222,190$4,646,600
X-3 Pledges and grants receivableStart of year $2,249,746$818,015
X-4 Accounts receivableStart of year $68,821$153,757
X-9 Prepaid expenses and deferred chargesStart of year $34,942$37,287
X-10c Land, buildings and equipment, netStart of year $288,767$58,198
X-11 Publicly traded securitiesStart of year $13,358,603$15,732,352
X-12 Other securitiesStart of year $1,445,498$1,685,585
X-15 Other assetsStart of year $540,925$577,758
X-16 Total assetsStart of year $21,381,059$23,860,142
X-17 Accounts payable and accrued expensesStart of year $796,438$1,121,813
X-19 Deferred revenueStart of year $386,290$132,902
X-26 Total liabilitiesStart of year $1,182,728$1,254,715
X-27 Net assets without donor restrictionsStart of year $8,055,110$9,492,017
X-28 Net assets with donor restrictionsStart of year $12,143,221$13,113,410
X-32 Total net assets or fund balancesStart of year $20,198,331$22,605,427
X-33 Total liabilities and net assetsStart of year $21,381,059$23,860,142
Part XI · Reconciliation of net assets $22,605,427 net assets at year end
XI-1 Total revenue$3,721,510
XI-2 Total expenses$3,612,170
XI-3 Revenue less expenses$109,340
XI-4 Net assets at start of year$20,198,331
XI-5 Net unrealized gains (losses) on investments$2,297,756
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$22,605,427

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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