Civic Intelligence

The American Venous Forum Foundation

EIN 36-3634626 • 501(c)3 • East Dundee, IL

Profile

The American Venous Forum Foundation (AVFF) (Foundation) is the charitable nonprofit organization of the AVF. Working in concert with the AVF, the Foundation is committed to advancing excellence and innovation in venous and lymphatic health by funding pioneering research, medical education and awareness. AVFF partners with individuals and corporations who share the vision of improving patient outcomes and quality of care for individuals with venous disease.

1061 E Main Street Suite 300East Dundee, IL 60118

www.veinforum.org/avf-foundation

Siviq Scores

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

Liabilities / Assets

68th percentile

0.22x

Higher debt load relative to assets than 68% of similar nonprofits.

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

Liabilities / Revenue

79th percentile

0.43x

Higher debt load relative to revenue than 79% of similar nonprofits.

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

Net Margin

30th percentile

-4.4%

Higher net margin than 30% of similar nonprofits.

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

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

56th percentile

6.0%

Faster asset growth than 56% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2024

Revenue Growth

36th percentile

0.3%

Faster revenue growth than 36% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2024

Assets

Up

$3,783,079

Up $83,926 (+2.3%) from 2023

Liabilities

Down

$817,499

Down $49,858 (-5.7%) from 2023

Net Assets

Up

$2,965,580

Up $133,784 (+4.7%) from 2023

Revenue

Down

$1,882,387

Down $83,870 (-4.3%) from 2023

Expenses

Up

$1,965,010

Up $95,801 (+5.1%) from 2023

Net Income

Down

-$82,623

Down $179,671 (-185%) from 2023

Trend Graphs

Balance Sheet Trend

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2010: $984,123Liabilities 2010: $89,222Net Assets 2010: $894,9012010Assets 2011: $788,018Liabilities 2011: $112,161Net Assets 2011: $675,8572011Assets 2015: $1,154,176Liabilities 2015: $61,223Net Assets 2015: $1,092,9532015Assets 2017: $1,003,165Liabilities 2017: $150,400Net Assets 2017: $852,7652017Assets 2018: $879,354Liabilities 2018: $229,262Net Assets 2018: $650,0922018Assets 2019: $1,112,939Liabilities 2019: $113,579Net Assets 2019: $999,3602019Assets 2020: $1,353,534Liabilities 2020: $150,070Net Assets 2020: $1,203,4642020Assets 2021: $3,367,586Liabilities 2021: $606,187Net Assets 2021: $2,761,3992021Assets 2022: $3,367,834Liabilities 2022: $953,760Net Assets 2022: $2,414,0742022Assets 2023: $3,699,153Liabilities 2023: $867,357Net Assets 2023: $2,831,7962023Assets 2024: $3,783,079Liabilities 2024: $817,499Net Assets 2024: $2,965,5802024

Highlighted filing

2024

Assets$3,783,079
Liabilities$817,499
Net Assets$2,965,580

Operations Trend

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

$2.0M$1.0M$0-$1.0MExpenses 2010: $438,8862010Expenses 2011: $612,2862011Revenue 2015: $755,629Expenses 2015: $432,907Net Income 2015: $322,7222015Revenue 2017: $302,178Expenses 2017: $456,820Net Income 2017: -$154,6422017Revenue 2018: $152,583Expenses 2018: $255,256Net Income 2018: -$102,6732018Revenue 2019: $579,460Expenses 2019: $230,192Net Income 2019: $349,2682019Revenue 2020: $319,032Expenses 2020: $202,174Net Income 2020: $116,8582020Revenue 2021: $821,432Expenses 2021: $270,019Net Income 2021: $551,4132021Revenue 2022: $1,872,691Expenses 2022: $1,743,669Net Income 2022: $129,0222022Revenue 2023: $1,966,257Expenses 2023: $1,869,209Net Income 2023: $97,0482023Revenue 2024: $1,882,387Expenses 2024: $1,965,010Net Income 2024: -$82,6232024

Highlighted filing

2024

Revenue$1,882,387
Expenses$1,965,010
Net Income-$82,623

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
$1,882,387
Mission and Program Overview

Mission

The american venous forum foundation is the charitable nonprofit organization of the american venous forum. Working in concert with the american venous forum, the foundation is committed to advancing excellence and innovation in venous and lymphatic health by funding pioneering research, medical education and awareness.

The mission of the organization is to advance science, education and advocacy in venous and lymphatic disease.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$2,662,008$2,950,076▲ $288,068
Cash and Non-Interest-Bearing Accounts$939,458$410,314▼ $529,144
Pledges and Grants Receivable-$228,012-
Accounts Receivable$26,237$163,931▲ $137,694
Prepaid Expenses and Deferred Charges$71,450$30,746▼ $40,704
Total Assets$3,699,153$3,783,079▲ $83,926
Liabilities
Deferred Revenue$529,098$567,811▲ $38,713
Grants Payable$220,000$135,000▼ $85,000
Accounts Payable and Accrued Expenses$118,259$114,688▼ $3,571
Total Liabilities$867,357$817,499▼ $49,858
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,772,949$2,893,193▲ $120,244
Net Assets With Donor Restrictions$58,847$72,387▲ $13,540
Total Net Assets Fund Balance$2,831,796$2,965,580▲ $133,784
Total Liabilities and Net Assets / Fund Balance$3,699,153$3,783,079▲ $83,926
Compensation and Service Providers

Board Members and Trustees

NameTitle
Ruth Bush Md JdPresident
Joe Raffetto MdPresident El
Jorge Ulloa MdDirector
Jose DiazmdDirector
Misaki Kiguchi MdDirector
Patrick Muck MdDirector
SUE O'SULLIVANManaging Director
Mikel Sadek MdCommunic. Co
Alessandra Puggioni MdEducation Co
John ForbesExecutive Di
Windsor Ting MdMember Counc
Glenn Jacobowitz MdPast Preside
Arjun Jayaraj MdRecorder
Andrea Obi MdResearch COU
Kathleen Ozsvath MdSecretary
Steve Elias MdTreasurer
Mark Iafrati MdVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$564,245
Program Service Revenue
$1,233,979
Investment Income
$84,163
Other Revenue
$0
All Other Contributions
$564,245
Change in Net Assets
$-82,623

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,882,387
Total Revenue per Audited Statements
$1,882,387
Total Revenue per Form 990
$1,882,387
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,767,353
Grants and Similar Amounts Paid$197,657
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Management$6,355$835,961-$842,316
Conferences and Meetings$512,622$690-$513,312
Grants to Domestic Orgs$197,657--$197,657
Travel$72,404$40,010-$112,414
Office Expenses$11,694$12,711-$24,405
Fees for Services Accounting$3,000$15,998-$18,998
Information Technology$8,598$7,614-$16,212
Other Expenses$3,898$7,058-$10,956
Insurance-$7,913-$7,913
All Other Expenses$5,954$869-$6,823
Fees for Services Other$5,475--$5,475
Payments to Affiliates-$1,195-$1,195
Advertising$82$958-$1,040
Total Functional Expenses$957,220$1,007,790$0$1,965,010

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,965,010
Total Expenses per Audited Statements$1,965,010
Total Expenses per Form 990$1,965,010
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Boston ScientificMarlborough, MA-Research$148,053
Bsn Medicl IncCharlotte, NC-Research$39,437
University of MichiganAnn Arbor, MI-Bsn Jobst Research$7,500
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
No
Annual disclosure for covered persons
Yes
Audit committee
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
No
Management duties delegated
Yes

Governance Explanations

Form 990, Page 6, Part VI, Line 3

The society has contracted with veritas association management, inc. To provide administration and event management services.

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

In case of a vacancy for any reason of a director position on the board (including, without limitation, the death, resignation or removal) before the expiration of the term of such position, the president, with approval of the board of directors, may choose to leave the position vacant or may appoint an eligible member as successor to serve for the unexpired portion of the term of the vacant position.

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

An independent certified public accounting firm prepares the society's form 990 and submits the form to the society's management company for review. The management company submits the form to the society's treasurer for review. An electronic copy of the form is also provided to all voting members of the board for review. Questions and comments on the form by the treasurer and board are directed back to the accounting firm and management company for resolution. After all discussion points are resolved, the forms are finalized and provided to the treasurer for final review and signature.

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

Annually, each member in a leadership position shall be asked to review the conflict of interest policy and acknowledge, in writing, that she/he has done so. At each board meeting, the board president or presiding officer shall request that any board member or key employee with a conflict of interest related to an agenda item make it known. Such disclosure shall be noted in the minutes.

Form 990, Page 6, Part VI, Line 19

AVAILABLE UPON REQUEST.

Filing and Contact Details

Filer

Filer Name
American Venous Forum
EIN
36-3634626
Phone
8477526245
Address
1061 E MAIN STREET SUITE 300, EAST DUNDEE, IL 60118
Doing Business As
American Venous Forum Foundation

Signing Officer

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

Organization Details

Principal Officer
Ruth Bush Md Jd
Formed
1989
Legal Domicile
Il
Voting Board Members
15
Independent Board Members
15
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
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IRS990/MissionDesc0THE MISSION OF THE ORGANIZATION IS TO ADVANCE SCIENCE, EDUCATION AND ADVOCACY IN VENOUS AND LYMPHATIC DISEASE.
IRS990/MoreThan5000KToIndividualsInd0false
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IRS990/NondeductibleContributionsInd0false
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt012711
IRS990/OfficeExpensesGrp/ProgramServicesAmt011694
IRS990/OfficeExpensesGrp/TotalAmt024405
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IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
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IRS990/OtherExpensesGrp/Desc0STRATEGIC EXPENDITURES
IRS990/OtherExpensesGrp/Desc1BANK FEES
IRS990/OtherExpensesGrp/Desc2BAD DEBT
IRS990/OtherExpensesGrp/Desc3SOFTWARE
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IRS990/OtherExpensesGrp/ManagementAndGeneralAmt126356
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt223737
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt37058
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IRS990/OtherExpensesGrp/ProgramServicesAmt13898
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IRS990/OtherExpensesGrp/TotalAmt126356
IRS990/OtherExpensesGrp/TotalAmt223737
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IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt071450
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt030746
IRS990/PrincipalOfficerNm0RUTH BUSH MD JD
IRS990/ProfessionalFundraisingInd0false
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IRS990/ProgramServiceRevenueGrp/Desc0ANNUAL MEETING
IRS990/ProgramServiceRevenueGrp/Desc1MEMBERSHIP DUES
IRS990/ProgramServiceRevenueGrp/Desc2OTHER MEETINGS AND COURSES
IRS990/ProgramServiceRevenueGrp/Desc3PROGRAMS AND PUBLICATIONS
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1250611
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2221312
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt313727
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1250611
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2221312
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt313727
IRS990/ProgSrvcAccomActy2Grp/Desc0THE ORGANIZATION PROVIDES INTERACTIVE AND HANDS-ON EDUCATION TO PHYSICIANS AND FELLOWS.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0604259
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt0748329
IRS990/ProgSrvcAccomActy3Grp/Desc0THE ORGANIZATION PROVIDES RESEARCH GRANTS.
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0530540
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0443910
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt01538695
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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt01366787
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IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt084163
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IRS990ScheduleA/InvestmentIncomePYPct00.03000
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IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt01856142
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt05692751
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
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IRS990ScheduleD/TotalRevenuePerForm990Amt01882387
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IRS990ScheduleI/GrantRecordsMaintainedInd0true
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IRS990ScheduleI/RecipientTable/CashGrantAmt139437
IRS990ScheduleI/RecipientTable/CashGrantAmt2148053
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0BSN JOBST RESEARCH
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1RESEARCH
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt2RESEARCH
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0UNIVERSITY OF MICHIGAN
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1BSN MEDICL INC
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt2BOSTON SCIENTIFIC
IRS990ScheduleI/RecipientTable/RecipientEIN0386006309
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0500 S STATE STREET
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt15825 CARNEGIE BLVD
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt2100 BOSTON SCIENTIFIC WAY
IRS990ScheduleI/RecipientTable/USAddress/CityNm0ANN ARBOR
IRS990ScheduleI/RecipientTable/USAddress/CityNm1CHARLOTTE
IRS990ScheduleI/RecipientTable/USAddress/CityNm2MARLBOROUGH
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IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd2MA
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IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc0CASH
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE JOBST GRANT AWARD WINNER IS CHOSEN ANNUALLY. THE RECIPIENT RECEIVES AN INITIAL DISBURSAL OF A PORTION OF THE GRANT, A SECOND DISBURSAL WITH PROGRESS OF THE PROJECT AND THE FINAL DISBURSAL UPON PROJECT COMPLETION AND EXPENSE SUBSTANTIATION. THE PROJECT RESULTS ARE PRESENTED AT THE ANNUAL MEETING. GRANTS FUNDED FOR RESEARCH AND OTHER PROJECTS ARE MONITORED FOR PROGRESS AND COMPLETION.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE I, PAGE 1, PART I, LINE 2
IRS990ScheduleI/Total501c3OrgCnt05
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE SOCIETY HAS CONTRACTED WITH VERITAS ASSOCIATION MANAGEMENT, INC. TO PROVIDE ADMINISTRATION AND EVENT MANAGEMENT SERVICES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1IN CASE OF A VACANCY FOR ANY REASON OF A DIRECTOR POSITION ON THE BOARD (INCLUDING, WITHOUT LIMITATION, THE DEATH, RESIGNATION OR REMOVAL) BEFORE THE EXPIRATION OF THE TERM OF SUCH POSITION, THE PRESIDENT, WITH APPROVAL OF THE BOARD OF DIRECTORS, MAY CHOOSE TO LEAVE THE POSITION VACANT OR MAY APPOINT AN ELIGIBLE MEMBER AS SUCCESSOR TO SERVE FOR THE UNEXPIRED PORTION OF THE TERM OF THE VACANT POSITION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2AN INDEPENDENT CERTIFIED PUBLIC ACCOUNTING FIRM PREPARES THE SOCIETY'S FORM 990 AND SUBMITS THE FORM TO THE SOCIETY'S MANAGEMENT COMPANY FOR REVIEW. THE MANAGEMENT COMPANY SUBMITS THE FORM TO THE SOCIETY'S TREASURER FOR REVIEW. AN ELECTRONIC COPY OF THE FORM IS ALSO PROVIDED TO ALL VOTING MEMBERS OF THE BOARD FOR REVIEW. QUESTIONS AND COMMENTS ON THE FORM BY THE TREASURER AND BOARD ARE DIRECTED BACK TO THE ACCOUNTING FIRM AND MANAGEMENT COMPANY FOR RESOLUTION. AFTER ALL DISCUSSION POINTS ARE RESOLVED, THE FORMS ARE FINALIZED AND PROVIDED TO THE TREASURER FOR FINAL REVIEW AND SIGNATURE.

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