Civic Intelligence

Ma-Aua Education Fund Inc

EIN 26-1352307 • 501(c)3 • East Dundee, IL

Profile

To benefit the general public by encouraging the study of urological medicine, and by maintaining the highest possible standards for urological education, practice and research.

1061 E Main Street Suite 300East Dundee, IL 60118

www.maaua.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

48th percentile

0.05x

Higher debt load relative to assets than 48% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

65th percentile

0.18x

Higher debt load relative to revenue than 65% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

34th percentile

-2.1%

Higher net margin than 34% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

40th percentile

$0

Higher top officer pay than 40% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

55th percentile

5.4%

Faster asset growth than 55% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

44th percentile

4.2%

Faster revenue growth than 44% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Up

$2,526,869

Up $128,823 (+5.4%) from 2023

Liabilities

Up

$135,113

Up $68,327 (+102%) from 2023

Net Assets

Up

$2,391,756

Up $60,496 (+2.6%) from 2023

Revenue

Up

$751,451

Up $30,243 (+4.2%) from 2023

Expenses

Up

$767,266

Up $180,485 (+31%) from 2023

Net Income

Down

-$15,815

Down $150,242 (-112%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$3.0M$2.0M$1.0M$0Assets 2016: $1,413,266Liabilities 2016: $170,380Net Assets 2016: $1,242,8862016Assets 2017: $1,893,926Liabilities 2017: $564,951Net Assets 2017: $1,328,9752017Assets 2018: $1,696,313Liabilities 2018: $327,178Net Assets 2018: $1,369,1352018Assets 2019: $1,929,361Liabilities 2019: $299,603Net Assets 2019: $1,629,7582019Assets 2020: $2,154,905Liabilities 2020: $12,588Net Assets 2020: $2,142,3172020Assets 2021: $2,396,726Liabilities 2021: $19,442Net Assets 2021: $2,377,2842021Assets 2022: $2,061,146Liabilities 2022: $70,159Net Assets 2022: $1,990,9872022Assets 2023: $2,398,046Liabilities 2023: $66,786Net Assets 2023: $2,331,2602023Assets 2024: $2,526,869Liabilities 2024: $135,113Net Assets 2024: $2,391,7562024

Highlighted filing

2024

Assets$2,526,869
Liabilities$135,113
Net Assets$2,391,756

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.0M$500K$0-$500KRevenue 2016: $466,329Expenses 2016: $359,229Net Income 2016: $107,1002016Revenue 2017: $122,836Expenses 2017: $182,793Net Income 2017: -$59,9572017Revenue 2018: $900,767Expenses 2018: $722,460Net Income 2018: $178,3072018Revenue 2019: $526,496Expenses 2019: $460,829Net Income 2019: $65,6672019Revenue 2020: $590,855Expenses 2020: $204,126Net Income 2020: $386,7292020Revenue 2021: $724,454Expenses 2021: $579,877Net Income 2021: $144,5772021Revenue 2022: $666,132Expenses 2022: $649,006Net Income 2022: $17,1262022Revenue 2023: $721,208Expenses 2023: $586,781Net Income 2023: $134,4272023Revenue 2024: $751,451Expenses 2024: $767,266Net Income 2024: -$15,8152024

Highlighted filing

2024

Revenue$751,451
Expenses$767,266
Net Income-$15,815

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Jul 2, 2025
Return Version
2024v5.0
Gross Receipts
$751,451
Mission and Program Overview

Mission

To benefit the general public by encouraging the study, and maintaining the highest possible standards for urological education, practice and research.

To benefit the general public in the region by encouraging the study of urological medicine, and maintaining the highest possible standards for urological education, practice and research.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$1,899,727$2,094,272▲ $194,545
Cash and Non-Interest-Bearing Accounts$408,650$343,638▼ $65,012
Accounts Receivable$30,650$87,800▲ $57,150
Prepaid Expenses and Deferred Charges$59,019$1,159▼ $57,860
Total Assets$2,398,046$2,526,869▲ $128,823
Liabilities
Deferred Revenue$44,575$130,750▲ $86,175
Accounts Payable and Accrued Expenses$22,211$4,363▼ $17,848
Total Liabilities$66,786$135,113▲ $68,327
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,237,543$2,305,052▲ $67,509
Net Assets With Donor Restrictions$93,717$86,704▼ $7,013
Total Net Assets Fund Balance$2,331,260$2,391,756▲ $60,496
Total Liabilities and Net Assets / Fund Balance$2,398,046$2,526,869▲ $128,823
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$319,470
Program Service Revenue
$333,710
Investment Income
$78,034
Other Revenue
$20,237
All Other Contributions
$157,000
Change in Net Assets
$-15,815
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$767,266
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Conferences and Meetings$301,253$2,498-$303,751
Fees for Services Management-$141,669-$141,669
All Other Expenses$28,899$26,238-$55,137
Travel$31,861$4,699-$36,560
Other Expenses$1,071$20,500-$20,500
Office Expenses$11,825$2,303-$14,128
Fees for Services Other$2,500$11,000-$13,500
Fees for Services Accounting-$11,732-$11,732
Information Technology-$7,276-$7,276
Insurance-$5,903-$5,903
Payment Travel Entrtnmnt Publicly Ofcl$635--$635
Total Functional Expenses$448,448$318,818$0$767,266
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
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Business relationship with 35% controlled entity
No
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
Yes

Governance Explanations

Form 990, Page 6, Part VI, Line 3

The board has delegated management and administrative functions to veritas management association.

Form 990, Page 6, Part VI, Line 6

The organization has six classes of members: active, senior, associate, affiliate, candidate, and honorary.

Form 990, Page 6, Part VI, Line 7A

Active and senior membes have the right to elect officers and members of the board of directors.

Form 990, Page 6, Part VI, Line 7B

Active and senior members have the right to approve new cadidates for membership, by-law changes and any new business items presented by the board of directors.

Form 990, Page 6, Part VI, Line 11B

Form 990 is prepared by an outside certified public accounting firm and presented to the executive director for review. After review, form 990 is presented to the board treasurer for review before filing.

Form 990, Page 6, Part VI, Line 12C

All committee members are required to complete an annual conflict of interest disclosure statement. The signed disclosures are reviewed by the committee chairperson prior to leadership meetings. The review is listed as a discussion item on the committee agenda and the review and discussion are documented in the committee meeting minutes.

Form 990, Page 6, Part VI, Line 19

Governing documents are made available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Ma-aua Education Fund Inc
EIN
26-1352307
Phone
8477526245
Address
1061 E MAIN STREET SUITE 300, EAST DUNDEE, IL 60118

Signing Officer

Name
SUE O'SULLIVAN
Title
Executive Director
Phone
8477526245
Signed
2025-07-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Thomas J Guzzo Md
Formed
2007
Legal Domicile
Md
Voting Board Members
14
Independent Board Members
14
Employees
0

Preparer

Firm
Miller Verchota Inc Cpas
Address
444 N IL ROUTE 31 STE 104, CRYSTAL LAKE, IL 60012
Preparer
Mary R Miller Cpaabv
Phone
8154778000
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4A

Ma-aua education fund (maef) benefits the general public by encouraging the study of urological medicine, and by maintaining the highest standards for urological education, practice and research. Maef encourages contributions to medical and scientific literature pertaining to urology and promotes fellowship and professional cooperation among mid-atlantic section members to advance their legitimate professional interests. Maef committees meet during the year to plan programs, to monitor new technologies and other medical related matters. Regular e-new communications are sent and other helpful information to members is maintained on the organization's website. The organization provides research grants to young investigators and grants to urology training programs to help offset their costs in sending residents to maef scientific meetings.

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IRS990/ProgSrvcAccomActy2Grp/Desc0THE ANNUAL FALL MEETING HOSTS MORE THAN 200 PROFESSIONALS, FEATURING CLINICAL PRESENTATIONS AND FORUMS RELATED TO CUTTING EDGE TOPICS IN UROLOGY. THE SPRING MEETING FOCUSES ON THE BUSINESS SIDE OF UROLOGY, FEATURING PRIMARILY PUBLIC POLICY AND PRACTICE MANAGEMENT TOPICS.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0MA-AUA EDUCATION FUND (MAEF) BENEFITS THE GENERAL PUBLIC BY ENCOURAGING THE STUDY OF UROLOGICAL MEDICINE, AND BY MAINTAINING THE HIGHEST STANDARDS FOR UROLOGICAL EDUCATION, PRACTICE AND RESEARCH. MAEF ENCOURAGES CONTRIBUTIONS TO MEDICAL AND SCIENTIFIC LITERATURE PERTAINING TO UROLOGY AND PROMOTES FELLOWSHIP AND PROFESSIONAL COOPERATION AMONG MID-ATLANTIC SECTION MEMBERS TO ADVANCE THEIR LEGITIMATE PROFESSIONAL INTERESTS. MAEF COMMITTEES MEET DURING THE YEAR TO PLAN PROGRAMS, TO MONITOR NEW TECHNOLOGIES AND OTHER MEDICAL RELATED MATTERS. REGULAR E-NEW COMMUNICATIONS ARE SENT AND OTHER HELPFUL INFORMATION TO MEMBERS IS MAINTAINED ON THE ORGANIZATION'S WEBSITE. THE ORGANIZATION PROVIDES RESEARCH GRANTS TO YOUNG INVESTIGATORS AND GRANTS TO UROLOGY TRAINING PROGRAMS TO HELP OFFSET THEIR COSTS IN SENDING RESIDENTS TO MAEF SCIENTIFIC MEETINGS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD HAS DELEGATED MANAGEMENT AND ADMINISTRATIVE FUNCTIONS TO VERITAS MANAGEMENT ASSOCIATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION HAS SIX CLASSES OF MEMBERS: ACTIVE, SENIOR, ASSOCIATE, AFFILIATE, CANDIDATE, AND HONORARY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ACTIVE AND SENIOR MEMBES HAVE THE RIGHT TO ELECT OFFICERS AND MEMBERS OF THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ACTIVE AND SENIOR MEMBERS HAVE THE RIGHT TO APPROVE NEW CADIDATES FOR MEMBERSHIP, BY-LAW CHANGES AND ANY NEW BUSINESS ITEMS PRESENTED BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5FORM 990 IS PREPARED BY AN OUTSIDE CERTIFIED PUBLIC ACCOUNTING FIRM AND PRESENTED TO THE EXECUTIVE DIRECTOR FOR REVIEW. AFTER REVIEW, FORM 990 IS PRESENTED TO THE BOARD TREASURER FOR REVIEW BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6ALL COMMITTEE MEMBERS ARE REQUIRED TO COMPLETE AN ANNUAL CONFLICT OF INTEREST DISCLOSURE STATEMENT. THE SIGNED DISCLOSURES ARE REVIEWED BY THE COMMITTEE CHAIRPERSON PRIOR TO LEADERSHIP MEETINGS. THE REVIEW IS LISTED AS A DISCUSSION ITEM ON THE COMMITTEE AGENDA AND THE REVIEW AND DISCUSSION ARE DOCUMENTED IN THE COMMITTEE MEETING MINUTES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7GOVERNING DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
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