Civic Intelligence

Academy of Surgical Research

EIN 57-1019604 • 501(c)3 • Minnetonka, MN

Profile

Founded in 1982, the academy of surgical research promotes the advancement of professional and academic standards, education and research in the arts and sciences of experimental surgery.

601 Carlson Parkway Suite 450Minnetonka, MN 55305

www.surgicalresearch.org

Siviq Scores

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

Liabilities / Assets

94th percentile

1.20x

Higher debt load relative to assets than 94% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

96th percentile

1.54x

Higher debt load relative to revenue than 96% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Net Margin

9th percentile

-115%

Higher net margin than 9% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

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

501(c)3 • <$500k nonprofits • Source year 2024

Asset Growth

31st percentile

-22%

Faster asset growth than 31% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

13th percentile

-65%

Faster revenue growth than 13% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets94th percentile

Assets

Down

$109,502

Down $30,495 (-22%) from 2023

Liabilities

Up

$131,655

Up $67,930 (+107%) from 2023

Net Assets

Down

-$22,153

Down $98,425 (-129%) from 2023

Operations
Liabilities / Revenue96th percentileNet Margin9th percentile

Revenue

Down

$85,617

Down $160,908 (-65%) from 2023

Expenses

Down

$184,042

Down $62,950 (-25%) from 2023

Net Income

Down

-$98,425

Down $97,958 (-20976%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth31st percentile

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

$200K$150K$100K$50K$0-$50KAssets 2011: $128,397Liabilities 2011: $59,533Net Assets 2011: $68,8642011Assets 2012: $139,340Liabilities 2012: $63,231Net Assets 2012: $76,1092012Assets 2013: $154,373Liabilities 2013: $68,966Net Assets 2013: $85,4072013Assets 2014: $150,659Liabilities 2014: $64,211Net Assets 2014: $86,4482014Assets 2015: $142,243Liabilities 2015: $54,215Net Assets 2015: $88,0282015Assets 2016: $144,331Liabilities 2016: $64,785Net Assets 2016: $79,5462016Assets 2017: $108,582Liabilities 2017: $54,478Net Assets 2017: $54,1042017Assets 2018: $127,340Liabilities 2018: $67,510Net Assets 2018: $59,8302018Assets 2019: $104,517Liabilities 2019: $65,631Net Assets 2019: $38,8862019Assets 2020: $120,299Liabilities 2020: $63,215Net Assets 2020: $57,0842020Assets 2021: $121,580Liabilities 2021: $47,569Net Assets 2021: $74,0112021Assets 2022: $128,440Liabilities 2022: $51,700Net Assets 2022: $76,7402022Assets 2023: $139,997Liabilities 2023: $63,725Net Assets 2023: $76,2722023Assets 2024: $109,502Liabilities 2024: $131,655Net Assets 2024: -$22,1532024

Highlighted filing

2024

Assets$109,502
Liabilities$131,655
Net Assets-$22,153
Open 2024 Filing

Operations Trend

Revenue Growth13th percentile

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

$300K$200K$100K$0-$100KRevenue 2011: $182,291Expenses 2011: $199,246Net Income 2011: -$16,9552011Revenue 2012: $196,313Expenses 2012: $189,068Net Income 2012: $7,2452012Revenue 2013: $195,409Expenses 2013: $186,110Net Income 2013: $9,2992013Revenue 2014: $196,192Expenses 2014: $195,151Net Income 2014: $1,0412014Revenue 2015: $187,256Expenses 2015: $185,676Net Income 2015: $1,5802015Revenue 2016: $209,397Expenses 2016: $217,879Net Income 2016: -$8,4822016Revenue 2017: $199,534Expenses 2017: $224,976Net Income 2017: -$25,4422017Revenue 2018: $188,943Expenses 2018: $183,217Net Income 2018: $5,7262018Revenue 2019: $197,835Expenses 2019: $218,777Net Income 2019: -$20,9422019Revenue 2020: $156,999Expenses 2020: $138,801Net Income 2020: $18,1982020Revenue 2021: $167,670Expenses 2021: $150,743Net Income 2021: $16,9272021Revenue 2022: $214,874Expenses 2022: $212,145Net Income 2022: $2,7292022Revenue 2023: $246,525Expenses 2023: $246,992Net Income 2023: -$4672023Revenue 2024: $85,617Expenses 2024: $184,042Net Income 2024: -$98,4252024

Highlighted filing

2024

Revenue$85,617
Expenses$184,042
Net Income-$98,425
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$109,502
Liabilities
$131,655
Net assets
-$22,153
Revenue
$85,617
Expenses
$184,042
Net income
-$98,425
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.10$1.32$0.22$0.86$1.84$0.98
2023Detailed filing. Detailed filing data is available for this year.$1.40$0.64$0.76$2.47$2.47$0.00
2022Detailed filing. Detailed filing data is available for this year.$1.28$0.52$0.77$2.15$2.12$0.03
2021Detailed filing. Detailed filing data is available for this year.$1.22$0.48$0.74$1.68$1.51$0.17
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.20$0.63$0.57$1.57$1.39$0.18
2019Summary only. Only limited summary data is available for this year.$1.05$0.66$0.39$1.98$2.19$0.21
2018Summary only. Only limited summary data is available for this year.$1.27$0.68$0.60$1.89$1.83$0.06
2017Summary only. Only limited summary data is available for this year.$1.09$0.54$0.54$2.00$2.25$0.25
2016Summary only. Only limited summary data is available for this year.$1.44$0.65$0.80$2.09$2.18$0.08
2015Summary only. Only limited summary data is available for this year.$1.42$0.54$0.88$1.87$1.86$0.02
2014Summary only. Only limited summary data is available for this year.$1.51$0.64$0.86$1.96$1.95$0.01
2013Summary only. Only limited summary data is available for this year.$1.54$0.69$0.85$1.95$1.86$0.09
2012Summary only. Only limited summary data is available for this year.$1.39$0.63$0.76$1.96$1.89$0.07
2011Summary only. Only limited summary data is available for this year.$1.28$0.60$0.69$1.82$1.99$0.17
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 17, 2025
Return Version
2024v5.0
Gross Receipts
$85,617
Mission and Program Overview

Mission

Founded in 1982, the academy of surgical research promotes the advancement of professional and academic standards, education and research in the arts and sciences of experimental surgery.

Facilitate surgical research

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$139,997$109,502▼ $30,495
Rtn Earn Endowment Incm Other Fnds$76,272$-22,153▼ $98,425
Total Assets$139,997$109,502▼ $30,495
Liabilities
Deferred Revenue$63,725$131,655▲ $67,930
Total Liabilities$63,725$131,655▲ $67,930
Net Assets / Fund Balance
Total Net Assets Fund Balance$76,272$-22,153▼ $98,425
Total Liabilities and Net Assets / Fund Balance$139,997$109,502▼ $30,495
Compensation and Service Providers
Top Officer Pay81st percentile

Board Members and Trustees

NameTitle
Steven KreuserPresident
Jose Negron-garciaPresident El
Christine SiebertDirector
Amy MartunasDirector at
Darcy GagneDirector at
Fred EmondDirector at
Gayle NugentDirector at
Kathryn NicholsDirector at
Mary Jane PerkinsDirector at
Leslie StolImmediate Pa
Jen SweetLiaison Offi
Jon EhrmannSecretary/tr
Revenue and Support

Revenue Composition

Contributions and Grants
$12,300
Program Service Revenue
$73,105
Investment Income
$212
Other Revenue
$0
All Other Contributions
$1,800
Change in Net Assets
$-98,425
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$184,042
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$80,095--$80,095
Fees for Services Management-$73,333-$73,333
Fees for Services Other-$15,225-$15,225
Office Expenses$11,140--$11,140
Fees for Services Accounting-$2,304-$2,304
Insurance$1,284--$1,284
Payments to Affiliates$400--$400
Advertising$261--$261
Total Functional Expenses$93,180$90,862$0$184,042
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
Backup withholding compliance
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
No
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
No

Governance Explanations

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

“The form 990 and all attachments are mailed or provided by other means to all members of the governing body for review”

Form 990, Page 6, Part VI, Line 19

“The governing documents and financial statements are available upon request”

Filing and Contact Details

Filer

Filer Name
Academy of Surgical Research
EIN
57-1019604
Phone
7632356460
Address
601 CARLSON PARKWAY SUITE 450, MINNETONKA, MN 55305

Signing Officer

Name
Christine Siebert
Title
Director
Phone
7632356460
Signed
2025-11-17

Organization Details

Principal Officer
Jose Negron-garcia
Formed
1982
Legal Domicile
Mn
Voting Board Members
11
Independent Board Members
11
Employees
0

Preparer

Firm
Werner Financial Services
Address
PO BOX 7, KAILUA, HI 96734
Preparer
Renee Werner
Phone
8083680677
Supplemental Narrative

Additional Explanations

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

“Internet access and communication”

Raw XML Appendix353 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FORM 990 AND ALL ATTACHMENTS ARE MAILED OR PROVIDED BY OTHER MEANS TO ALL MEMBERS OF THE GOVERNING BODY FOR REVIEW
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST
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ReturnHeader/TaxPeriodEndDt02024-12-31
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