Ambulatory Surgery Foundation EIN 86-0307698 Form 990 (PDF) Claim this org

Ambulatory Surgery Foundation

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Provides education, training, and industry updates to ambulatory surgery center professionals and the public to support outpatient surgical care. For fiscal year 2024 it reported $4.1M in revenue, $4.0M in expenses, and $6.1M in net assets.Pt I

Type
Public charity (501(c)(3)) · Nonprofit
Location
Alexandria, VA
Website
www.ascassociation.org
Filings
5 on file (2020–2024)
Revenue
$4.1MFY2024
Expenses
$4.0M
Net assets
$6.1M
People
26
Filings
5
Updates
0
More identity details & actions ⌄
EIN  86-0307698 Public charity (501(c)(3)) Alexandria, VA
Form 990 (PDF)
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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
Provides education, training, and industry updates to ambulatory surgery center professionals and the public to support outpatient surgical care.
Leadership
William Prentice · Chief Executive Officer · $201K
Money in and out
$4.1M revenue, $4.0M expenses
Bottom line
72% program efficiency
Where the money goes · FY2024
Total revenue
$4.1M
Pt VIII · Ln 12
Total expenses
$4.0M
Pt IX · Ln 25
Net assets
$6.1M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $126K
Where spending went · Part IX cols B–D
Program services $0.72 Management & general $0.28
Program efficiency
72%
of spending reaches programs▼ -2% vs prior filing year
Operating runway
16.2mo
months of highly liquid reserves at operating expense rate▲ +9% vs prior filing year
Surplus margin
+3%
revenue over expenses, this year▼ -78% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$4.1M
FY2024▼ -9%
Expenses
$4.0M
FY2024▲ +3%
Total assets
$8.3M
FY2024▲ +9%
Total liabilities
$2.2M
FY2024▲ +26%
Total revenue
$4.1M
Pt VIII · Ln 12
Total expenses
$4.0M
Pt IX · Ln 25
Net assets
$6.1M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$126K
Total assetsPt X · Ln 16$8.3M
Program-expense ratioPt IX · col B72%
Voting members of governing bodyPt I · Ln 313
Independent voting membersPt I · Ln 413

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CAmbulatory Surgery Foundation
EINHdr · item D86-0307698
Principal addressHdr · item CAlexandria, VA
WebsiteHdr · item Jwww.ascassociation.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MVA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFJan 1976

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a13
Independent voting membersPt VI · Ln 1b13
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 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Chief Executive Officer
$201,006Pt VII · Sec A
Chief Financial Officer
$192,023Pt VII · Sec A
Education & Clinical Affairs
$164,317Pt VII · Sec A
Director, Meetings
$122,419Pt VII · Sec A
Director, Administration
$58,667Pt VII · Sec A
Information Systems
$53,768Pt VII · Sec A
Director, Communications
$21,670Pt VII · Sec A
Chief Advocacy Officer
$6,126Pt VII · Sec A

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
William Prentice$201,006$193,603$181,169$179,428$69,497
John Greenwich$192,023$170,575$131,013$115,491$110,331
Gina Throneberry Director$164,317$160,606
Gina Throneberry$156,854$129,880
Gina Thorneberry$130,146
Shawn Bryant$122,419$117,869$113,423$109,226$108,984
Jason Hawkins$51,625$75,750$59,735
Dee Bellfield-Ross$58,667$56,406$67,224

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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Mission & Programs · Part III

Where the work happens

3 program services account for $2.9M of program spending, described in the organization's own filed words · FY2024.
01

Annual Conference

Conducts an annual conference for the ambulatory surgery center community with workshops and various other informative educational sessions, events, and exhibits. In 2024 the conference took place in orlando, FL and had total attendance of 2207 with 177 exhibitors and 46 sponsors.

$2.5Mprogram expense
02

Virtual Seminars and Webinars

Virtual seminars, webinars and online training series provided to the ambulatory surgery community to assist in their ability to provide quality ambulatory surgery services in a cost-effective manner. In 2024 the organization hosted four virtual seminars with 745 registrants; and 8 webinars with 2527 registrants.

$400Kprogram expense
03

Outreach

Communicates information about developments affecting ambulatory surgery centers (asc) to the asc community and public.

$14Kprogram expense

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Statement of Revenue

Part VIII
Program service revenue$2.6M · 64%
Other revenue$640K · 16%
Contributions & grants$554K · 14%
Investment income$288K · 7%
Program service revenue64%$2.6M
Other revenue16%$640K
Contributions & grants14%$554K
Investment income7%$288K
Total revenueLn 12$4.1M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.72 Management & general $0.28
Program services72%$2.9M
Management & general28%$1.1M
Total functional expensesLn 25$4.0M

Balance Sheet

Part X · end of year
CashLn 1$904K
Total assetsLn 16$8.3M
Total liabilitiesLn 26$2.2M
Total net assetsLn 32$6.1M
Months of cash on handcomputed2.7

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $5.4M · Operating expenses/yr $4.0M
16.2 months
Where the money goes
Program services
Program services $2.9M · Total expenses $4.0M
72%
Management & General
Management & general $1.1M · Total expenses $4.0M
28%
Fundraising
Fundraising $0 · Total expenses $4.0M
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $361K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $554K · Total revenue $4.1M
14%
Government reliance
Government grants — · Total revenue $4.1M
Earned-income share
Program service revenue $2.6M · Total revenue $4.1M
64%
Investment reliance
Investment income $288K · Total revenue $4.1M
+7%
Program self-sufficiency
Program service revenue $2.6M · Total expenses $4.0M
66%
Growth & trend
Revenue growth (YoY)
This year $4.1M · Prior year $4.5M
-9%
Revenue CAGR
FY2020 $2.1M · FY2024 $4.1M
+18%
Net-asset trend (YoY)
End of year $6.1M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $4.1M · Expenses $4.0M
+3%
Liabilities-to-Assets
Total liabilities — · Total assets $8.3M
Net-asset ratio
Net assets $6.1M · Total assets $8.3M
74%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $4.5M · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $8.3M
54%
People & payroll
Highest Reported Total Compensation
Individual William Prentice · Reported title CHIEF EXECUTIVE OFFICER · Highest reported compensation $201K · Total expenses $4.0M
5%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $1.4M · Total expenses $4.0M
35%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 72%
Overhead ratio 28%
Fundraising cost ratio 0%
Revenue growth -9%
Investment management fee ratio 0.4%
Legal fee ratio 0.05%
Accounting fee ratio 3%

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.

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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
FY2024 (Latest)$4.1M revenue · viewing · ⤓ 990 PDF
FY2023$4.5M revenue · ⤓ 990 PDF
FY2022$4.1M revenue · ⤓ 990 PDF
FY2021$2.1M revenue · ⤓ 990 PDF
FY2020$2.1M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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