Plastic Surgery Foundation FY2024 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, FY2024. 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.
83¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2024 · 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
83%
of spending
83% of spending went to programs.
Pt IX · Ln 25 · col B
13.8 mo
of spending, in cash
Plus $18.2M in investments, Pt X · Ln 11–13
13.8 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
$501K
2% of total assets
Liabilities are 2% of assets.
Pt X · Ln 26
Independent board members
14
of 18 voting members
14 of 18 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$3.7M
+1% vs prior year
Spent
$2.9M
To programs
83%
Net assets
$22.6M
By yearFY2021–FY2025
Revenue
$3.7M
FY2024▲ +1%
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
$2.9M
FY2024▼ -13%
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
FY2024▲ +8%
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 FY2024 Form 990 (year ending June 2024) · figures checked against the IRS filing · see the original

You’re viewing the FY2024 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

83 cents of each dollar spent went to programs.

Program services 83% · $2.4M Management & general 11% · $317K Fundraising 6% · $181K

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

Something off? Claim to add context

Who runs it and what they're paid

37 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Asps President
$0Pt VII · Sec A
Psf President
$0Pt VII · Sec A
Immediate Past Asps President
$0Pt VII · Sec A
Immediate Past Psf President
$0Pt VII · Sec A
Immediate Past Asps President - Past
$0Pt VII · Sec A
Immediate Past Psf President - Past
$0Pt VII · Sec A
Asps President-Elect
$0Pt VII · Sec A
Psf President-Elect
$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.

Questions for Plastic Surgery Foundation

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1 program · $2.4M · in their own filed words · FY2023
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, FY2023. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 59-6144450) · Dispute this line
$2.4Mprogram 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 FY2024 990, line by line.

1The main four
Money inPt VIII
$3.7M
Ln 12
Gifts and grantsLn 1h$2.6M
Investment incomeLn 3$1.1M
Money outPt IX
$2.9M
Ln 25
Programscol B$2.4M
Managementcol C$317K
Fundraisingcol D$181K
Owns and owesPt X
$22.6M
net assets · Ln 32
Cash and savingsLn 1–2$3.4M
Total assetsLn 16$23.1M
LiabilitiesLn 26$501K
PeoplePt VI, VII
37
listed · VII A
PaidVII A0
Voting boardVI 1a18
IndependentVI 1b14
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2.6M
Fundraising eventsLn 1c$51K
Investment incomeLn 3$1.1M
Gains on assetsLn 7$476K
Total revenueLn 12$3.7M
Assets in detailPt X, end of year
CashLn 1$51K
SavingsLn 2$3.3M
Cash and savings togetherLn 1–2$3.4M
Pledges and grants receivableLn 3$778K
Accounts receivableLn 4$63K
Prepaid expenses and deferred chargesLn 9$111K
InvestmentsLn 11–13$18.2M
Other assetsLn 15$648K
Total assetsLn 16$23.1M
LiabilitiesLn 26$501K
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
Abroad and in kindSch F, M
Grants to other countriesSch F Pt II–III$15K
Investment feesPt IX, Sch D
Investment fees, as reportedPt IX 11f$93K
Share of the $9.1M endowmentSch D 1g1.0%
Typical, median of 2,202 orgs0.44%
EndowmentSch D · Pt V
LineFY24FY23FY22FY21FY20
End of yearLn 1g$9.1M$8.3M$8.0M$9.1M$7.5M
AddedLn 1b$193K$20K$128K$2K
SpentLn 1d–1f$442K$472K$315K$203K$423K
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$4.3M$3.4M
InvestmentsLn 11–13$16.0M$18.2M
Land, buildings, equipmentLn 10c$22K$0
Total assetsLn 16$21.6M$23.1M
LiabilitiesLn 26$651K$501K
Net assetsLn 32$20.9M$22.6M
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$939K$939K
Grants to domestic individualsLn 2$16K$16K
Grants and assistance to foreign recipientsLn 3$15K$15K
Pay of officers and key staff (Part IX, line 5)Ln 5$5K$5K
Other salaries and wagesLn 7$835K$646K$104K$85K
Legal feesLn 11b$41K$28K$14K
Accounting feesLn 11c$24K$24K
Investment management feesLn 11f$93K$93K
Other fees for servicesLn 11g$403K$393K$5K$5K
Advertising and promotionLn 12$2K$2K$111
Office expensesLn 13$430K$317K$55K$58K
Information technologyLn 14$36K$36K$46$46
TravelLn 17$53K$38K$8K$7K
Conferences, conventions and meetingsLn 19$35K$9K$26K
Total functional expensesLn 25$2.9M$2.4M$317K$181K

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
FY2024 ViewingFiled 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
FY2021Filed 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 F · Foreign I · Grants O · Explanations
See the full FY2024 990
Part I · Summary $3,737,146 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $2,957,225$2,643,910
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $762,384$1,108,553
I-11 Other revenuePrior year −$36,495−$15,317
I-12 Total revenuePrior year $3,683,114$3,737,146
I-13 Grants and similar amounts paidPrior year $911,930$970,910
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $891,290$840,585
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,550,115$1,115,464
I-18 Total expensesPrior year $3,353,335$2,926,959
I-19 Revenue less expensesPrior year $329,779$810,187
Part VI · Governance 14 of 18 board members independent, 1 to look at
VI-1a Voting members of the governing body18
VI-1b Independent voting members14
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 $3,737,146 across 8 lines filed
VIII-1c Fundraising events$51,230
VIII-1f All other contributions, gifts and grants$2,592,680
VIII-1h Total contributions, gifts and grants$2,643,910
VIII-3 Investment incomeExcluded from tax $632,640$632,640
VIII-7 Net gain or loss on sales of assetsExcluded from tax $475,913$475,913
VIII-8 Net income from fundraising eventsExcluded from tax −$19,315−$19,315
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $3,998$3,998
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $1,093,236$3,737,146
Part IX · Statement of functional expenses $2,926,959 across 14 lines filed
IX-1 Grants to domestic organizationsPrograms $939,341$939,341
IX-2 Grants to domestic individualsPrograms $16,125$16,125
IX-3 Grants and assistance to foreign recipientsPrograms $15,444$15,444
IX-5 Pay of officers and key staff (Part IX, line 5)Management $5,145$5,145
IX-7 Other salaries and wagesPrograms $646,007 · Management $104,352 · Fundraising $85,081$835,440
IX-11b Legal feesPrograms $27,577 · Management $13,767$41,344
IX-11c Accounting feesManagement $24,150$24,150
IX-11f Investment management feesManagement $92,533$92,533
IX-11g Other fees for servicesPrograms $392,564 · Management $5,053 · Fundraising $4,992$402,609
IX-12 Advertising and promotionPrograms $1,750 · Fundraising $111$1,861
IX-13 Office expensesPrograms $316,994 · Management $55,151 · Fundraising $58,102$430,247
IX-14 Information technologyPrograms $35,573 · Management $46 · Fundraising $46$35,665
IX-17 TravelPrograms $37,584 · Management $7,655 · Fundraising $7,276$52,515
IX-19 Conferences, conventions and meetingsManagement $9,010 · Fundraising $25,530$34,540
IX-25 Total functional expensesPrograms $2,428,959 · Management $316,862 · Fundraising $181,138$2,926,959
Part X · Balance sheet $23,118,853 assets, 18 lines filed
X-1 Cash, non-interest-bearingStart of year $735,967$50,702
X-2 Savings and temporary cash investmentsStart of year $3,561,607$3,315,001
X-3 Pledges and grants receivableStart of year $504,709$777,569
X-4 Accounts receivableStart of year $54,253$63,092
X-9 Prepaid expenses and deferred chargesStart of year $23,308$111,437
X-10c Land, buildings and equipment, netStart of year $21,542$0
X-11 Publicly traded securitiesStart of year $14,823,874$16,863,445
X-12 Other securitiesStart of year $1,182,131$1,289,845
X-15 Other assetsStart of year $647,762$647,762
X-16 Total assetsStart of year $21,555,153$23,118,853
X-17 Accounts payable and accrued expensesStart of year $611,487$453,649
X-19 Deferred revenueStart of year $39,345$46,075
X-25 Other liabilitiesStart of year $0$1,155
X-26 Total liabilitiesStart of year $650,832$500,879
X-27 Net assets without donor restrictionsStart of year $9,744,279$10,862,157
X-28 Net assets with donor restrictionsStart of year $11,160,042$11,755,817
X-32 Total net assets or fund balancesStart of year $20,904,321$22,617,974
X-33 Total liabilities and net assetsStart of year $21,555,153$23,118,853
Part XI · Reconciliation of net assets $22,617,974 net assets at year end
XI-1 Total revenue$3,737,146
XI-2 Total expenses$2,926,959
XI-3 Revenue less expenses$810,187
XI-4 Net assets at start of year$20,904,321
XI-5 Net unrealized gains (losses) on investments$903,466
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$22,617,974

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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