Overview
What is American Society Of Extracorporeal Technology Inc?
The American Society of Extracorporeal Technology Inc, located in Chicago, Illinois, is a nonprofit organization dedicated to the advancement of patient care. They accomplish this by hosting an annual conference for professionals in related disciplines, such as perfusionists, to exchange knowledge, tackle challenges, and educate members on advancements in perfusion technology and related fields. Topics covered include congenital technical skills, ethics and safety, standards and guidelines, blood management, program management, extracorporeal membrane oxygenation (ECMO), and more. The society's mission is to foster improved patient care by catering to the continuous education and professional needs of the extracorporeal circulation technology community.
Official website here: www.amsect.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76%, Three-Star out of Four Stars
The American Society Of Extracorporeal Technology Inc has earned a three-star rating from Charity Navigator, indicating a solid level of accountability and finance management. The charity's score is primarily derived from its performance in the Accountability & Finance category, where it achieved a score of 76%. This rating reflects the organization's commitment to maintaining a majority independent board and proper oversight through its audit and financial committees.
Strengths of the organization include a fully independent board, with all eight members meeting the criteria for independence. Additionally, the charity has demonstrated effective financial practices, such as no instances of material diversion of assets and a favorable liabilities-to-assets ratio of 12.70%. These elements contribute positively to the charity's overall financial health and accountability.
However, there are some limitations to note. The organization lacks a whistleblower policy and a document retention policy, which are important for transparency and governance. Furthermore, its program expense ratio of 60.46% indicates that while a good portion of its resources are allocated to programs, there is still opportunity for improvement in maximizing program expenditures relative to total expenses.
This AI summary has been generated from information found on Charity Navigator.
Is American Society Of Extracorporeal Technology Inc legitimate?
American Society Of Extracorporeal Technology Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. American Society Of Extracorporeal Technology Inc 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.
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For more financial information, click here
Official website here: www.amsect.org
What is the mission statement of American Society Of Extracorporeal Technology Inc?
The American Society of Extracorporeal Technology Inc, abbreviated as AMSECT, is dedicated to enhancing patient care. They accomplish this by catering to the continuing education and professional needs of the community specialized in extracorporeal circulation technology. AMSECT organizes an annual conference, which serves as a platform for perfusionists and related professionals to exchange knowledge, tackle challenges, and educate members about advancements in perfusion technology and related fields. Topics covered at these conferences include essential areas such as ethics and safety, standards and guidelines, blood management, program management, extracorporeal membrane oxygenation (ECMO), and more.
Official website here: www.amsect.org
Who is the CEO of American Society Of Extracorporeal Technology Inc?
Kim Wiatr is the Executive Director (Smithbucklin) of American Society Of Extracorporeal Technology Inc.
Official website here: www.amsect.org
What is the revenue of American Society Of Extracorporeal Technology Inc?
American Society Of Extracorporeal Technology Inc's revenue in 2022 was $1,086,338.
Official website here: www.amsect.org
Who are the executives of American Society Of Extracorporeal Technology Inc and what are their salaries?
There 100 volunteers at American Society Of Extracorporeal Technology Inc.
Here are 13 key members and their salaries:
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Official website here: www.amsect.org
Where can I find the form 990 for American Society Of Extracorporeal Technology Inc?
American Society Of Extracorporeal Technology Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.amsect.org
Learn more at the official website: www.amsect.org
Mission Statement of American Society Of Extracorporeal Technology Inc
The American Society of Extracorporeal Technology Inc, abbreviated as AMSECT, is dedicated to enhancing patient care. Their mission is to cater to the continuing education and professional requirements of the extracorporeal circulation technology community. By doing so, AMSECT aims to foster a environment where professionals in this field can share knowledge, address challenges, and stay updated on the latest developments in perfusion technology and related fields. Their annual conference serves as a platform for this, covering topics such as congenital technical skills, ethics and safety, standards and guidelines, blood management, program management, extracorporeal membrane oxygenation (ECMO), and more. The conference provides an opportunity for perfusionists and other professionals to learn from each other, share best practices, and stay at the forefront of their field.
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Impact
July, 2024
The American Society of Extracorporeal Technology Inc has a significant impact on the field of extracorporeal circulation technology. By hosting an annual conference for perfusionists and other professionals in related disciplines, AMSECT facilitates the sharing of knowledge, problem-solving, and education on new developments in perfusion technology and related fields. Topics covered at the conference include congenital technical skills, ethics and safety, standards and guidelines, blood management, program management, extracorporeal membrane oxygenation (ECMO), and more. AMSECT's mission to foster improved patient care is met through providing continuing education and professional development opportunities for the extracorporeal circulation technology community. This organization plays a crucial role in advancing the knowledge and skills of its members, ultimately benefiting patients who rely on extracorporeal technologies for their care.
This information is meant to be a general summary of American Society Of Extracorporeal Technology Inc. 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 2022.
- Investment Income: $13,897
- Program Service Revenue: $1,044,305
- Gross Receipts: $1,086,338
Assets and Liabilities:
- Total Assets: $1,273,194
- Total Liabilities: $161,759
- Net Assets: $1,111,435
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBERSHIP DUES
Revenue
$341,757
ANNUAL CONFERENCE
Revenue
$292,370
CORPORATE SPONSORSHIPS
Revenue
$282,500
CERTIFICATION FEES
Revenue
$78,625
PUBLICATIONS
Revenue
$17,760
Organization Details
Founding Year
1968
Phone
(312) 321-5156Principal Officer
Kim Wiatr
Main Address
330 NORTH WABASH AVENUE 2000, CHICAGO, IL, 60611
Website
www.amsect.orgNTEE Category
Code: U00D - Science research
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