Overview
What is Aats Foundation?
Aats Foundation, based in Beverly, Massachusetts, is a nonprofit organization with a mission to support cardiothoracic surgeons in their research and educational pursuits. Specifically, the Surgical Investigator Program, a key initiative of Aats Foundation, funds clinical and translational research by promising young cardiothoracic surgeons. This research covers various topics, such as quality and outcomes research, studies of new therapies, procedures, and technologies in cardiothoracic surgery. By investing in these initiatives, Aats Foundation aims to foster innovation and advancements in the field of cardiothoracic surgery.
Official website here: www.aatsfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating 85% - Three-Star out of Four Star rating
The Aats Foundation has earned a Three-Star rating from Charity Navigator, reflecting a solid performance in accountability and finance with a score of 85%. This rating indicates that the organization adheres to strong financial practices and transparency, demonstrating an effective management of resources.
A key strength of the Aats Foundation is its commitment to accountability, as evidenced by its independent board comprising entirely of independent members and a strong program expense ratio of 82.09%. Additionally, the foundation exhibits exemplary financial health with a low liabilities-to-assets ratio and high fundraising efficiency, ensuring that a significant portion of donations directly supports its programs.
While the overall rating is positive, it is primarily based on the accountability and finance beacon, suggesting that further evaluation of other operational areas could provide a more comprehensive view of the organization's impact. Nonetheless, the absence of material diversions of assets and the presence of essential policies bolster its credibility as a trustworthy nonprofit.
This AI summary has been generated from information found on Charity Navigator.
Is Aats Foundation legitimate?
Aats Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Aats Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $326,592
For more financial information, click here
Official website here: www.aatsfoundation.org
What is the mission statement of Aats Foundation?
The Aats Foundation's mission is centered around supporting cardiothoracic surgeons by fostering research and education. This is achieved through their Surgical Investigator Program, which provides clinical and translational research opportunities for young cardiothoracic surgeons. The program focuses on various topics, including quality and outcomes research, as well as studies of new and innovative therapies, procedures, and technologies in cardiothoracic surgery. The goal is to advance the field of cardiothoracic surgery and improve patient outcomes.
Official website here: www.aatsfoundation.org
Who is the CEO of Aats Foundation?
David R Bobbitt Msc Mba is the CEO of Aats Foundation The CEO's salary of Aats Foundation is $0 and their total compensation is $401,294.
Official website here: www.aatsfoundation.org
What is the revenue of Aats Foundation?
Aats Foundation's revenue in 2023 was $2,187,997.
Official website here: www.aatsfoundation.org
Who are the executives of Aats Foundation and what are their salaries?
There 18 volunteers at Aats Foundation.
Here are 25 key members and their salaries (Aats Foundation's CEO's salary is $0 and their total compensation is $401,294):
- Compensation: $0
- Related: $354,712
- Other: $46,582
- Compensation: $0
- Related: $203,075
- Other: $36,558
- Compensation: $0
- Related: $185,181
- Other: $36,399
- Compensation: $0
- Related: $169,253
- Other: $22,943
- Compensation: $0
- Related: $157,452
- Other: $34,719
- Compensation: $0
- Related: $147,996
- Other: $26,860
- Compensation: $0
- Related: $114,003
- Other: $4,834
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.aatsfoundation.org
Where can I find the form 990 for Aats Foundation?
Aats Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.aatsfoundation.org
Learn more at the official website: www.aatsfoundation.org
Mission Statement of Aats Foundation
The Aats Foundation, a nonprofit organization, is committed to supporting cardiothoracic surgeons in their research and educational endeavors. Its mission is to empower these medical professionals by providing resources and opportunities for clinical and translational research. This includes topics related to quality and outcomes research, as well as studies on new and innovative therapies, procedures, and technologies in cardiothoracic surgery. The Surgical Investigator Program, a key initiative of the Aats Foundation, is specifically designed to aid young cardiothoracic surgeons in their research pursuits, contributing to advancements and improvements in the field of cardiothoracic surgery.
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Impact
October, 2024
Aats Foundation significantly advances the field of cardiothoracic surgery by providing critical support for young surgeons engaged in clinical and translational research. Through its Surgical Investigator Program, the foundation fosters innovative studies that focus on quality and outcomes in surgical practices. This initiative allows emerging cardiothoracic surgeons to explore new therapies, procedures, and technologies, ultimately enhancing patient care and surgical outcomes. By empowering the next generation of surgical leaders in Beverly, MA, Aats Foundation plays a pivotal role in shaping the future of cardiothoracic medicine and facilitating groundbreaking research that can lead to significant medical advancements.
This information is meant to be a general summary of Aats Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $390,019
- Gross Receipts: $5,469,609
Assets and Liabilities:
- Total Assets: $12,292,242
- Total Liabilities: $1,463,158
- Net Assets: $10,829,084
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Organization Details
Founding Year
1973
Principal Officer
David H Adams Md
Website
www.aatsfoundation.orgNTEE Category
Code: H9BJ - Medical research
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