Civic Intelligence

The American Venous Forum

EIN 36-3643456 • 501(c)6 • East Dundee, IL

Profile

Promote venous and lymphatic health through innovative research, education, and technology.

1061 E Main St Suite 300East Dundee, IL 60118

www.veinforum.org

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2021

Liabilities / Revenue

13th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)6 • $1M-$5M nonprofits • Source year 2021

Net Margin

89th percentile

27%

Higher net margin than 89% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

30th percentile

$0

Higher top officer pay than 30% of similar nonprofits.

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

501(c)6 • $1M-$5M nonprofits • Source year 2021

Asset Growth

1st percentile

-100%

Faster asset growth than 1% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

64th percentile

11%

Faster revenue growth than 64% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Assets

Down

$0

Down $1,456,735 (-100%) from 2020

Liabilities

Down

$0

Down $216,856 (-100%) from 2020

Net Assets

Down

$0

Down $1,239,879 (-100%) from 2020

Revenue

Up

$1,146,479

Up $110,975 (+11%) from 2020

Expenses

Down

$837,868

Down $66,073 (-7.3%) from 2020

Net Income

Up

$308,611

Up $177,048 (+135%) from 2020

Trend Graphs

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2010: $784,531Liabilities 2010: $120,099Net Assets 2010: $664,4322010Assets 2011: $699,705Liabilities 2011: $162,951Net Assets 2011: $536,7542011Assets 2015: $1,772,832Liabilities 2015: $326,722Net Assets 2015: $1,446,1102015Assets 2017: $1,473,711Liabilities 2017: $154,533Net Assets 2017: $1,319,1782017Assets 2018: $1,342,173Liabilities 2018: $336,371Net Assets 2018: $1,005,8022018Assets 2019: $1,448,364Liabilities 2019: $449,275Net Assets 2019: $999,0892019Assets 2020: $1,456,735Liabilities 2020: $216,856Net Assets 2020: $1,239,8792020Assets 2021: $0Liabilities 2021: $0Net Assets 2021: $02021

Highlighted filing

2021

Assets$0
Liabilities$0
Net Assets$0

Operations Trend

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

$1.5M$1.0M$500K$0-$500KExpenses 2010: $900,7272010Expenses 2011: $842,2782011Revenue 2015: $1,262,948Expenses 2015: $942,806Net Income 2015: $320,1422015Revenue 2017: $1,014,695Expenses 2017: $1,062,076Net Income 2017: -$47,3812017Revenue 2018: $696,174Expenses 2018: $1,009,550Net Income 2018: -$313,3762018Revenue 2019: $1,017,858Expenses 2019: $1,024,571Net Income 2019: -$6,7132019Revenue 2020: $1,035,504Expenses 2020: $903,941Net Income 2020: $131,5632020Revenue 2021: $1,146,479Expenses 2021: $837,868Net Income 2021: $308,6112021

Highlighted filing

2021

Revenue$1,146,479
Expenses$837,868
Net Income$308,611

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Nov 11, 2022
Return Version
2021v4.0
Gross Receipts
$2,095,490
Mission and Program Overview

Mission

Promote venous and lymphatic health through innovative research, education, and technology.

The mission of the avf is to save and improve lives by reducing venous and lymphatic disease through education, innovation research and advocacy, and to empower venous specialists to be the best in the world in assessing and treating venous disease.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$1,284,594--
Cash and Non-Interest-Bearing Accounts$109,159--
Accounts Receivable$4,330--
Prepaid Expenses and Deferred Charges$2,652--
Other Notes and Loans Receivable, Net$2,000--
Total Assets$1,456,735$0▼ $1,456,735
Other Assets Total$54,000--
Liabilities
Deferred Revenue$112,520--
Accounts Payable and Accrued Expenses$104,336--
Total Liabilities$216,856$0▼ $216,856
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,191,033--
Net Assets With Donor Restrictions$48,846--
Total Net Assets Fund Balance$1,239,879$0▼ $1,239,879
Total Liabilities and Net Assets / Fund Balance$1,456,735$0▼ $1,456,735
Compensation and Service Providers

Board Members and Trustees

NameTitle
Antonios Gasparis MdPresident
William Marston MdPresident El
Daniel Monahan MdDirector
Jose Almeida MdDirector
Mark Iafrati MdDirector
Steve Elias MdCommunicatio
Ellen Dillavou MdEducation Ch
John ForbesExecutive Di
Kathleen Ozsvath MdMembership C
Harold Welch MdPast Preside
Lori Pounds MdRecorder
Faisal Aziz MdResearch COU
Ruth Bush MdSecretary
Joseph Raffetto MdTreasurer
Glenn R Jacobowitz Md FacsVice Preside

Highest Paid Contractors

ContractorServicesLocationCompensation
Veritas Association Management INCManagement1061 E MAIN ST SUITE 300, East Dundee, IL 60118$279,600
Balanced Growth Enterprises LLCExecutive Mgmt980 NORTH MICHIGAN AVE SUITE 1400, Chicago, IL 60611$256,500
Revenue and Support

Revenue Composition

Contributions and Grants
$46,250
Program Service Revenue
$672,847
Investment Income
$427,382
Other Revenue
$0
All Other Contributions
$46,250
Change in Net Assets
$308,611
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$837,868
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
Fees for Services Management-$279,600-$279,600
Fees for Services Other-$256,500-$256,500
Conferences and Meetings$80,982$996-$81,978
Fees for Services Legal-$19,089-$19,089
Information Technology$2,652$12,979-$15,631
Insurance-$5,586-$5,586
Fees for Services Accounting-$4,368-$4,368
Office Expenses$1,727$2,140-$3,867
All Other Expenses-$3,764-$3,764
Other Expenses$3,220$9,348-$3,220
Travel$1,620$612-$2,232
Advertising-$910-$910
Total Functional Expenses$224,321$613,547$0$837,868
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
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
Yes
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
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 organization contracted with veritas association management, inc. To provide administration and event management services.

Form 990, Page 6, Part VI, Line 4

The american venous forum merged into the american venous forum foundation as of december 31, 2021. The surviving organization is the american venous forum foundation. The articles of merger were filed with the secretary of state of illinois.

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

In case of any vacancy of an at-large director position on the board of directors for any reason (including, without limitation, by reason of 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 forum's form 990 and submits the form to the organization's management company for review. The management company submits the form to the organization'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 19

AVAILABLE UPON REQUEST

Filing and Contact Details

Filer

Filer Name
The American Venous Forum
EIN
36-3643456
Phone
8478924200
Address
1061 E MAIN ST SUITE 300, EAST DUNDEE, IL 60118

Signing Officer

Name
John Forbes
Title
Executive Director
Phone
8477526245
Signed
2022-11-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Antonios Gasparis 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
Emily Fornwall CPA
Phone
8154778000
Supplemental Narrative

Additional Explanations

Form 990, Page 1, Item B

Return is amended to properly include the articles of merger. No other changes were made to the return.

FORM 990 - ORGANIZATION'S MISSION

The mission of the avf is to save and improve lives by reducing venous and lymphatic disease through education, innovation research and advocacy, and to empower venous specialists to be the best in the world in assessing and treating venous disease.

Form 990, Page 2, Part III, Line 3

The american venous forum merged into the american venous forum foundation as of december 31, 2021. The programs will continue under the merged organization.

Form 990, Part IX, Line 11G

CONSULTANTS 0 256,500 0

Form 990, Part XI, Line 9

MERGER -1,310,649

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IRS990/MissionDesc0THE MISSION OF THE AVF IS TO SAVE AND IMPROVE LIVES BY REDUCING VENOUS AND LYMPHATIC DISEASE THROUGH EDUCATION, INNOVATION RESEARCH AND ADVOCACY, AND TO EMPOWER VENOUS SPECIALISTS TO BE THE BEST IN THE WORLD IN ASSESSING AND TREATING VENOUS DISEASE.
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IRS990/ProgramServiceRevenueGrp/Desc0ANNUAL MEETING
IRS990/ProgramServiceRevenueGrp/Desc1MEMBERSHIP DUES
IRS990/ProgramServiceRevenueGrp/Desc2SPECIALTY WEBINARS
IRS990/ProgramServiceRevenueGrp/Desc3VEIN SPECIALIST
IRS990/ProgramServiceRevenueGrp/Desc4VENOUS COURSE
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt411250
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IRS990/ProgSrvcAccomActy2Grp/Desc0PROVIDING INTERACTIVE AND HANDS-ON EDUCATION TO PHYSICIANS AND FELLOWS.
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IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc0CASH/CHECKING ACCOUNT
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc1PREPAID EXPENSES
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc2ACCOUNTS RECEIVABLE
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc3INVESTMENTS
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/DistributionDt02021-12-31
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/DistributionDt12021-12-31
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/DistributionDt22021-12-31
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/DistributionDt32021-12-31
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IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/FairMarketValueOfAssetAmt170283
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/FairMarketValueOfAssetAmt228750
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/FairMarketValueOfAssetAmt31474135
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/IRCSectionTxt0501(C)(3)
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/IRCSectionTxt1501(C)(3)
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IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/MethodOfFMVDeterminationTxt0BOOK VALUE
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/MethodOfFMVDeterminationTxt1BOOK VALUE
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/MethodOfFMVDeterminationTxt2BOOK VALUE
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/MethodOfFMVDeterminationTxt3FMV
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/PersonNm0THE AMERICAN VENOUS FORUM FOUNDATIO
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/PersonNm1THE AMERICAN VENOUS FORUM FOUNDATIO
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/PersonNm2THE AMERICAN VENOUS FORUM FOUNDATIO
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/PersonNm3THE AMERICAN VENOUS FORUM FOUNDATIO
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/AddressLine1Txt01601 E MAIN STREET SUITE 300
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/AddressLine1Txt11601 E MAIN STREET SUITE 300
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/AddressLine1Txt21601 E MAIN STREET SUITE 300
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/AddressLine1Txt31601 E MAIN STREET SUITE 300
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/CityNm0EAST DUNDEE
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/CityNm1EAST DUNDEE
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/CityNm2EAST DUNDEE
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/CityNm3EAST DUNDEE
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/StateAbbreviationCd0IL
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IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/StateAbbreviationCd2IL
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/StateAbbreviationCd3IL
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/ZIPCd060118
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/ZIPCd160118
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IRS990ScheduleN/OwnerOfSuccessorInd0false
IRS990ScheduleN/ReceiveCompensationInd0false
IRS990ScheduleN/RequiredToNotifyAGInd0true
IRS990ScheduleN/SupplementalInformationDetail/ExplanationTxt0THE FOLLOWING DIRECTORS ARE ALSO DIRECTORS OF THE SURVIVING MERGED ORGANIZATION: WILLIAM MARSTON GLENN JACOBOWITZ RUTH BUSH JOE RAFFETTO MARK IAFRATI ANTONIOS GASPARIS KATHLEEN OZSVATH DANIEL MONAHAN FAISAL AZIZ STEVE ELIAS LORI POUNDS JOHN FORBES
IRS990ScheduleN/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE N, PAGE 1, PART I, LINE 2E
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0RETURN IS AMENDED TO PROPERLY INCLUDE THE ARTICLES OF MERGER. NO OTHER CHANGES WERE MADE TO THE RETURN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE MISSION OF THE AVF IS TO SAVE AND IMPROVE LIVES BY REDUCING VENOUS AND LYMPHATIC DISEASE THROUGH EDUCATION, INNOVATION RESEARCH AND ADVOCACY, AND TO EMPOWER VENOUS SPECIALISTS TO BE THE BEST IN THE WORLD IN ASSESSING AND TREATING VENOUS DISEASE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE AMERICAN VENOUS FORUM MERGED INTO THE AMERICAN VENOUS FORUM FOUNDATION AS OF DECEMBER 31, 2021. THE PROGRAMS WILL CONTINUE UNDER THE MERGED ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION CONTRACTED WITH VERITAS ASSOCIATION MANAGEMENT, INC. TO PROVIDE ADMINISTRATION AND EVENT MANAGEMENT SERVICES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE AMERICAN VENOUS FORUM MERGED INTO THE AMERICAN VENOUS FORUM FOUNDATION AS OF DECEMBER 31, 2021. THE SURVIVING ORGANIZATION IS THE AMERICAN VENOUS FORUM FOUNDATION. THE ARTICLES OF MERGER WERE FILED WITH THE SECRETARY OF STATE OF ILLINOIS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5IN CASE OF ANY VACANCY OF AN AT-LARGE DIRECTOR POSITION ON THE BOARD OF DIRECTORS FOR ANY REASON (INCLUDING, WITHOUT LIMITATION, BY REASON OF 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/ExplanationTxt6AN INDEPENDENT CERTIFIED PUBLIC ACCOUNTING FIRM PREPARES THE FORUM'S FORM 990 AND SUBMITS THE FORM TO THE ORGANIZATION'S MANAGEMENT COMPANY FOR REVIEW. THE MANAGEMENT COMPANY SUBMITS THE FORM TO THE ORGANIZATION'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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7AVAILABLE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8CONSULTANTS 0 256,500 0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9MERGER -1,310,649
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 1, ITEM B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 2, PART III, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 3

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