Civic Intelligence

American Association for the Study of Liver Diseases

990 • Fiscal year 2018 • EIN 23-7373091

Jul 01, 2017 to Jun 30, 2018 • Filed on Mar 19, 2019

1001 North Fairfax Street No 400Alexandria, VA 22314-1587

(703) 299-9766

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

29th percentile

0.08x

Higher debt load relative to assets than 29% of similar nonprofits.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2018

Liabilities / Revenue

41st percentile

0.21x

Higher debt load relative to revenue than 41% of similar nonprofits.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2018

Net Margin

23rd percentile

-2.8%

Higher net margin than 23% of similar nonprofits.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2018

Top Officer Pay

86th percentile

$559,298

Higher top officer pay than 86% of similar nonprofits.

Top officer pay equals 3.7% of source-year revenue.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2018

Asset Growth

6th percentile

-12%

Faster asset growth than 6% of similar nonprofits.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2017 to 2018

Revenue Growth

41st percentile

2.5%

Faster revenue growth than 41% of similar nonprofits.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2017 to 2018

Assets

Down

$38,760,970

Down $5,049,532 (-12%) from 2017

Net Assets

Down

$35,645,243

Down $230,619 (-0.6%) from 2017

Liabilities

Down

$3,115,727

Down $4,818,913 (-61%) from 2017

Revenue

Up

$15,189,144

Up $363,828 (+2.5%) from 2017

Expenses

Up

$15,607,184

Up $731,417 (+4.9%) from 2017

Net Income

Down

-$418,040

Down $367,589 (-729%) from 2017

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$60M$40M$20M$0Assets 2016: $44,194,023Liabilities 2016: $11,009,387Net Assets 2016: $33,184,6362016Assets 2017: $43,810,502Liabilities 2017: $7,934,640Net Assets 2017: $35,875,8622017Assets 2018: $38,760,970Liabilities 2018: $3,115,727Net Assets 2018: $35,645,2432018Assets 2019: $36,780,872Liabilities 2019: $2,796,799Net Assets 2019: $33,984,0732019Assets 2020: $35,678,711Liabilities 2020: $3,037,472Net Assets 2020: $32,641,2392020Assets 2021: $42,394,196Liabilities 2021: $2,331,667Net Assets 2021: $40,062,5292021Assets 2022: $35,081,762Liabilities 2022: $4,639,502Net Assets 2022: $30,442,2602022

Highlighted filing

2018

Assets$38,760,970
Liabilities$3,115,727
Net Assets$35,645,243

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$20M$10M$0-$10MRevenue 2016: $13,537,620Expenses 2016: $13,785,702Net Income 2016: -$248,0822016Revenue 2017: $14,825,316Expenses 2017: $14,875,767Net Income 2017: -$50,4512017Revenue 2018: $15,189,144Expenses 2018: $15,607,184Net Income 2018: -$418,0402018Revenue 2019: $15,226,783Expenses 2019: $16,893,325Net Income 2019: -$1,666,5422019Revenue 2020: $14,665,136Expenses 2020: $16,032,765Net Income 2020: -$1,367,6292020Revenue 2021: $14,513,598Expenses 2021: $12,183,550Net Income 2021: $2,330,0482021Revenue 2022: $8,439,460Expenses 2022: $15,175,180Net Income 2022: -$6,735,7202022

Highlighted filing

2018

Revenue$15,189,144
Expenses$15,607,184
Net Income-$418,040
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Mar 19, 2019
Return Version
2017v2.3
Gross Receipts
$21,026,131
Mission and Program Overview

Mission

To advance and disseminate the science and practice of hepatology, and to promote liver health and quality patient care.

SEE PART III, LINE 1.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$31,866,186$25,325,339▼ $6,540,847
Land, Buildings, and Equipment, Net$6,116,658$6,381,638▲ $264,980
Cash and Non-Interest-Bearing Accounts$2,953,466$2,822,478▼ $130,988
Savings and Temporary Cash Investments$521,973$2,198,314▲ $1,676,341
Pledges and Grants Receivable$1,198,084$799,361▼ $398,723
Accounts Receivable$576,282$710,624▲ $134,342
Prepaid Expenses and Deferred Charges$375,844$476,682▲ $100,838
Total Assets$43,810,502$38,760,970▼ $5,049,532
Other Assets Total$202,009$46,534▼ $155,475
Liabilities
Mortgage Notes Payable Secured by Investment Property$5,063,354--
Deferred Revenue$1,954,759$1,920,054▼ $34,705
Accounts Payable and Accrued Expenses$916,527$1,131,101▲ $214,574
Other Liabilities$0$64,572▲ $64,572
Total Liabilities$7,934,640$3,115,727▼ $4,818,913
Net Assets / Fund Balance
Unrestricted Net Assets$30,613,636$30,577,586▼ $36,050
Permanently Rstr Net Assets$3,061,850$3,061,850→ $0
Temporarily Rstr Net Assets$2,200,376$2,005,807▼ $194,569
Total Net Assets Fund Balance$35,875,862$35,645,243▼ $230,619
Total Liabilities and Net Assets / Fund Balance$43,810,502$38,760,970▼ $5,049,532

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$5,892,259$2,558,930$8,451,189
Equipment$425,724$534,316$960,040
Other Land Buildings$63,655$72,508$136,163

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2017$7,945,301$26,984▲ $206,675$162,521$8,016,439
2016$7,385,683$350,528▲ $380,588$171,498$7,945,301
2015$7,618,332$38,606▼ $27,557$243,698$7,385,683
2014$7,967,801$-348,155▲ $104,715$106,029$7,618,332
2013$7,584,441$260,247▲ $221,514$98,401$7,967,801
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Steven EchardChief Executive OfficerFT$434,283$125,015$559,298
Nellie SarkissianChief Operations OfficerFT$236,811$44,572$281,383
Julie DealAasld Deputy Exec. Dir./fdn EdPT$192,727$50,422$243,149
Gregory BolognaV.p., Publications and Public PolicyFT$167,785$46,622$214,407
Christopher DugmoreDirector of Data IntegrityFT$138,126$24,183$162,309
Denise SeiseAssociate Vice President, Meetings & EducationFT$136,321$23,194$159,515
Denise SeiseAssociate Vice President, Meetings &-$134,292$25,223$159,515
Janeil KlettSR. DIR, ED. & PROF'L DVLPMT.FT$130,367$23,644$154,011
Melissa ParrishDir, Meetings & ConferencesFT$108,806$21,592$130,398
Anna Suk-fong LokPast PresidentPT$50,000-$50,000
Ronald J SokolPresidentPT$25,000-$25,000
Kimberly Ann BrownSecretaryPT$18,000-$18,000
Bruce a LuxonTreasurerPT$15,000-$15,000
Laurie D DeleveCouncilorPT$12,500-$12,500
John R LakeCouncilor at LargePT$2,500-$2,500

Board Members and Trustees

NameTitle
Michael W FriedPresident-elect
Jorge a BezerraCouncilor
Raymond T ChungCouncilor
Julie HeimbachCouncilor at Large
Lopa MishraCouncilor at Large

Highest Paid Contractors

ContractorServicesLocationCompensation
James MacdiarmidHepatology Editor Support41 LOWELL ROAD, Winthrop, MA 02152$103,314
Revenue and Support

Revenue Composition

Contributions and Grants
$496,438
Program Service Revenue
$10,917,020
Investment Income
$1,892,938
Other Revenue
$1,882,748
All Other Contributions
$496,438
Change in Net Assets
$-418,040

Audited Revenue Reconciliation

Revenue per Audited Statements
$15,179,301
Revenue Not Reported on Financial Statements
$9,843
Revenue Not Reported on Form 990
$254,521
Total Revenue per Audited Statements
$15,433,822
Total Revenue per Form 990
$15,189,144
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$9,450,411
Salaries, Compensation, and Employee Benefits$4,736,127
Grants and Similar Amounts Paid$1,420,646
Total Fundraising Expense$20,346
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Conferences and Meetings$3,302,444$170,353-$3,472,797
Other Salaries and Wages$2,570,484$297,752$4,570$2,872,806
Grants to Domestic Orgs$1,415,646--$1,415,646
Fees for Services Other$1,144,875$11,603-$1,156,478
Travel$865,020$156,200$1,024$1,022,244
Current Officers, Directors, Trustees, and Key Employees$493,101$411,238-$904,339
Occupancy$666,358$174,078$1,166$841,602
Information Technology$627,786$129,030$422$757,238
Advertising$345,063$5,002-$350,065
Other Employee Benefits$290,370$38,399$509$329,278
Pension Plan Contributions$282,285$34,752$497$317,534
Payroll Taxes$260,412$51,358$400$312,170
Office Expenses$250,359$51,424$64$301,847
Fees for Service Investment Mgmnt Fees-$106,396-$106,396
Fees for Services Accounting$40,440$49,548-$89,988
Depreciation Depletion$68,512$13,317$95$81,924
Other Expenses$29,762$21,421-$51,183
Insurance$32,751--$32,751
All Other Expenses$18,940$7,182$17$26,139
Fees for Services Legal$7,408$1,358$11,582$20,348
Foreign Grants$5,000--$5,000
Total Functional Expenses$13,844,108$1,742,730$20,346$15,607,184

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$15,664,441
Total Expenses per Form 990$15,607,184
Expenses per Audited Statements$15,597,341
Expenses Not Reported on Form 990$67,100
Expenses Not Reported on Financial Statements$9,843
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
American Association for the Study of Liver Diseases FoundationAlexandria, VA501(c)(3)To Invest in Innovative Hepatology Research and in the People Who Study and Treat Liver Disease, Provide Funding for Emerging Liver Scholar Travel Stipends and Provide Funding for Public Awareness Expenses.$1,150,000
University of North Carolina at Chapell HillAtlanta, GA501(c)(3)Aasld - Innovation Fund Award$60,000
The Regents of the University of ColoradoDenver, CO501(c)(3)Aasld - Innovation Fund Award$59,775
General Hospital CorporationBoston, MA501(c)(3)Aasld - Innovation Fund Award$48,867
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Aasld Foundation$64,572
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

Aasld membership is comprised of scientists and physicians dedicated to the field of hepatology and are divided into eight membership categories: regular, emeritus, international, trainee, associate, honorary, corporate affiliate and fellow aasld member.

Form 990, Part VI, Section A, Line 7A

Aasld's regular and emeritus members have the right to elect three members of the governing body.

Form 990, Part VI, Section A, Line 7B

Changes to aasld's articles of incorporation and bylaws are subject to approval by its members.

Form 990, Part VI, Section B, Line 11B

After being prepared by aasld's independent accounting firm, the form 990 is reviewed by senior management and outside legal counsel. It is then provided to the governing board for review before being filed.

Form 990, Part VI, Section B, Line 12C

An aasld disclosure form is completed by all members of the governing board, committees, and task forces of the association upon nomination and/or appointment and then annually. This process also applies to the staff of the association. The form is updated thereafter during each person's tenure of office, as necessary. Committee chairs make forms available at all meetings. If it is determined that a conflict exists, the ethics committee advises the member to take actions including the following possible actions: - divest or resign from the conflict in question. - abstain from discussion and voting on matters involving the conflict. - excuse him/herself from participating in such matters. - resign from the aasld committee or office.

Form 990, Part VI, Section B, Line 15A

Aasld performs annual salary reviews for each staff position and adjusts compensation levels as necessary. Annual compensation surveys are performed by outside consultants every two to three years. The governing board approves/adjusts the ceo's salary. The ceo's performance and salary review are noted in a letter from the president of aasld to the ceo with a copy to the entire governing board. A copy of the letter, along with the related supporting documents, are in the ceo's personnel file. The ceo's compensation was last reviewed in june 2018. The ceo approves staff salary. Staff salary determination is communicated with staff along with written performance evaluation, which is conducted at year-end. Individual memorandums from the ceo to individual staff, communicating the salary change and the position grade, are given to individual staff members. Copies of these memorandums are in individuals' personnel files.

Form 990, Part VI, Section C, Line 19

The organization's governing documents, conflict of interest policy and audited financial statements are available upon receipt of a bonafide request. The conflict of interest policy and financial statements are also available on the organization's website.

Filing and Contact Details

Filer

Filer Name
American Association for the Study
EIN
23-7373091
Phone
7032999766
Address
1001 NORTH FAIRFAX STREET NO 400, ALEXANDRIA, VA 22314-1587

Signing Officer

Name
Steven Echard
Title
Chief Executive Officer
Phone
7032999766
Signed
2019-03-19
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Steven Echard
Formed
1950
Legal Domicile
Il
Voting Board Members
11
Independent Board Members
11
Employees
53
Volunteers
410

Preparer

Firm
Gelman Rosenberg & Freedman
Address
4550 MONTGOMERY AVE SUITE 650N, BETHESDA, MD 20814-2930
Preparer
Terri Mcknight CPA
Phone
3019519090
Supplemental Narrative

Financial Statement Notes

PART V, LINE 4:

Donor-restricted endowment assets are held in perpetuity and invested in an attempt to provide a stream of funding to programs supported by its endowment while seeking to maintain the purchasing power of the endowed assets.

PART X, LINE 2:

For the year ended june 30, 2018, the organizations have documented their consideration of fasb asc 740-10, income taxes, that provides guidance for reporting uncertainty in income taxes and has determined that no material uncertain tax positions qualify for either recognition or disclosure in the consolidated financial statements.

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IRS990/ActivityOrMissionDesc0SEE PART III, LINE 1.
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IRS990/Desc0MEETINGS AND EDUCATION, INCLUDING THE ANNUAL MEETING: THE ASSOCIATION'S EDUCATIONAL PROGRAM ENABLES THE DISSEMINATION OF NEW TECHNIQUES AND ADVANCES IN EXISTING KNOWLEDGE AND PROCEDURES TO PHYSICIANS VIA FACE-TO-FACE MEETINGS AND ONLINE LEARNING. THE PROGRAM ALSO PROVIDES REGULAR OPPORTUNITIES FOR PHYSICIANS TO REVIEW BASIC, TRANSLATIONAL AND CLINICAL TOPICS IN THEIR SPECIALTY TO PROMOTE THE ADVANCEMENT OF PATIENT CARE AND FOSTER NEW RESEARCH. THE LIVER MEETING, THE ASSOCIATION'S ANNUAL MEETING OFFERS THE LATEST IN LIVER DISEASE TREATMENT OUTCOMES. ATTENDEES PARTICIPATE IN PLENARY, PARALLEL AND POSTER SESSIONS, STATE-OF-THE-ART LECTURES, EARLY MORNING WORKSHOPS, MEET-THE-PROFESSOR SESSIONS, SPECIALTY COURSES, SPECIAL INTEREST GROUP PROGRAMMING AND SCIENTIFIC EXHIBITS TO EXCHANGE THE LATEST LIVER DISEASE RESEARCH, DISCUSS TREATMENT OUTCOMES, AND INTERACT WITH COLLEAGUES. THE ASSOCIATION HOLDS SMALL STAND-ALONE MEETINGS SUCH AS THE CLINICAL HEPATOLOGY UPDATE COURSE, EMERGING TOPIC AND ENDPOINT CONFERENCES, CO-SPONSORS DIGESTIVE DISEASE WEEK, AND COLLABORATES WITH DOMESTIC AND INTERNATIONAL MEDICAL SOCIETIES, GOVERNMENT ENTITIES AND/OR OTHER NONPROFIT ORGANIZATIONS ON MUTUAL EDUCATIONAL PROGRAMMING IN HEPATOLOGY. AASLD'S ONLINE LEARNING OFFERINGS INCLUDE REGULAR WEBINARS ORGANIZED PRIMARILY BY THE ASSOCIATION'S SPECIAL INTEREST GROUPS ON VERY FOCUSED TOPICS THAT ARE RECORDED AND OFFERED ON-DEMAND THROUGH LIVERLEARNING, AASLD'S OFFICIAL E-LEARNING PORTAL. LIVERLEARNING IS AN ONLINE EDUCATIONAL REPOSITORY THAT ORGANIZES DIGITAL CONTENT FROM AASLD MEETINGS AND OTHER EDUCATIONAL OFFERINGS SUCH AS PRACTICE GUIDELINES, SLIDE SET COMPILATIONS AND COURSE HANDOUTS. AASLD IS ACCREDITED BY THE ACCREDITATION COUNCIL FOR CONTINUING MEDICAL EDUCATION (ACCME) TO OFFER AMA PRA CATEGORY 1 CREDIT. IN ADDITION, AASLD OFFERS MAINTENANCE OF CERTIFICATION (MOC) POINTS WHICH ARE AWARDED BASED ON THE SUCCESSFUL COMPLETION OF A CME PROGRAM FOR WHICH MOC IS ALSO OFFERED. MOC IS ULTIMATELY GRANTED BY THE AMERICAN BOARD OF INTERNAL MEDICINE OR AMERICAN BOARD OF PEDIATRICS.
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