2016-03-14T15:45:00-05:00 2015-12-31 042571780 ALEXANDER ARONSON FINNING & CO PC 21 EAST MAIN STREET WESTBORO MA 01581 990 2015-01-01 520847477 THE AMERICAN SOCIETY FOR CLINICAL INVESTIGATION INC AMER 7342226050 2015 MANCHESTER ROAD ANN ARBOR MI 48104 JOHN HAWLEY EXECUTIVE DIRECTOR 7342226050 2016-03-04 1 CHARLES WEBB CPA P01584539 5083669100 2016-03-04 2015 2016-09-27 15:27:22Z JOHN HAWLEY 2015 MANCHESTER ROAD ANN ARBOR MI 48104 7041240 0 X WWW.THE-ASCI.ORG X 1908 DE PUBLICATION OF A RESEARCH JOURNAL AND DISSEMINATION OF RELATED INFORMATION. 12 10 23 12 0 0 843220 478895 2846238 2505049 1149686 290735 302228 280835 5141372 3555514 36000 44000 0 0 2224409 2199680 0 0 0 1440097 1298370 3700506 3542050 1440866 13464 10703508 10101363 1014503 971033 9689005 9130330 X THE ASCI IS DEDICATED TO THE ADVANCEMENT OF RESEARCH THAT EXTENDS OUR UNDERSTANDING AND IMPROVES THE TREATMENT OF HUMAN DISEASES, AND MEMBERS ARE COMMITTED TO MENTORING FUTURE GENERATIONS OF PHYSICIAN-SCIENTISTS. 0 0 2369745 2515771 THIS SOCIETY IS ORGANIZED AND OPERATED EXCLUSIVELY FOR EDUCATIONAL AND SCIENTIFIC PURPOSES AND FOR NO OTHER PURPOSE. THE OBJECTIVES OF THE CORPORATION, AS EXPRESSED IN THE 1908 CONSTITUTION ARE: THE ADVANCEMENT OF MEDICAL SCIENCE; THE CULTIVATION OF CLINICAL RESEARCH BY THE METHODS OF THE NATURAL SCIENCES; THE CORRELATION OF SCIENCE WITH THE ART OF MEDICAL PRACTICE; THE ENCOURAGEMENT OF SCIENTIFIC INVESTIGATION BY THE MEDICAL PRACTITIONER; AND THE DIFFUSION OF A SCIENTIFIC SPIRIT AMONG ITS MEMBERS. TO THIS END THE SOCIETY PUBLISHES THE JOURNAL OF CLINICAL INVESTIGATION, A PEER-REVIEWED BIOMEDICAL RESEARCH JOURNAL THAT IS DISTRIBUTED WORLDWIDE TO MEMBERS AND NON-MEMBERS ALIKE, AND SINCE ITS ONLINE VERSION DEBUTED IN 1996, HAS MADE ALL RESEARCH CONTENT FREELY AVAILABLE WITHOUT RESTRICTION OF ANY KIND. THE JOURNAL OF CLINICAL INVESTIGATION IS A PREMIER VENUE FOR CRITICAL ADVANCES IN BIOMEDICAL RESEARCH, AUTHORITATIVE REVIEWS, AND COMMENTARIES THAT PLACE RESEARCH ARTICLES IN CONTEXT. PUBLISHED SINCE 1924, THE JCI IS ONE OF FEW HIGH-PROFILE JOURNALS COMMITTED TO PROVIDING FREE ONLINE ACCESS TO ALL OF ITS RESEARCH ARTICLES IMMEDIATELY UPON PUBLICATION. THE JOURNAL'S ENTIRE ARCHIVE FROM 1924 IS NOW AVAILABLE AND ALL OF IT FREELY AVAILABLE ONLINE TO ANYONE, ANYWHERE IN THE WORLD. IN 2014, THE ASCI PUBLISHED 391 RESEARCH ARTICLES IN THE JCI, (MADE UP OF 12 ISSUES IN 1 VOLUME), DISTRIBUTED IN PRINT TO APPROXIMATELY 600 SUBSCRIBERS, AND READ ONLINE BY OVER 300,000 READERS PER MONTH. 598326 44000 3061 THE ASCI IS DEDICATED TO THE ADVANCEMENT OF RESEARCH THAT EXTENDS OUR UNDERSTANDING AND IMPROVES THE TREATMENT OF HUMAN DISEASES, AND MEMBERS ARE COMMITTED TO MENTORING FUTURE GENERATIONS OF PHYSICIAN-SCIENTISTS. THE ASCI CONSIDERS THE NOMINATIONS OF SEVERAL HUNDRED PHYSICIAN-SCIENTISTS FROM THE UNITED STATES AND ABROAD EACH YEAR AND ELECTS UP TO 80 NEW MEMBERS EACH YEAR FOR THEIR SIGNIFICANT RESEARCH ACCOMPLISHMENTS. AN ANNUAL MEETING IS HELD TO HONOR THE NEWLY ELECTED MEMBERS, TO FOSTER THE DIFFUSION OF SCIENTIFIC SPIRIT AMONG MEMBERS, AND TO MENTOR YOUNG INVESTIGATORS. 2968071 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 48 0 23 1 0 0 0 0 0 0 0 0 0 0 X 12 10 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 1 1 0 X KAREN GUTH MANAGING DIRECTOR 7342226050 2015 MANCHESTER ROAD ANN ARBOR MI 48103 LEVI GARRAWAY MD PHD PRESIDENT 5.00 X X 0 0 0 MUKESH K JAIN MD IMMEDIATE PAST PRESIDENT 2.00 X 0 0 0 VIVIAN G CHEUNG MD PRESIDENT - ELECT 2.00 X X 0 0 0 W KIMRYN RATHMELL MD PHD SECRETARY TREASURER 5.00 X X 11000 0 0 HOWARD A ROCKMAN MD EDITOR, JCI 20.00 X 38000 0 0 BENJAMIN L EBERT MD PHD VICE PRESIDENT 2.00 X X 0 0 0 JAY D HORTON MD COUNCILOR 1.00 X 0 0 0 ANNA HUTTENLOCHER MD COUNCILOR 1.00 X 0 0 0 CLARA ABRAHAM MD COUNCILOR 1.00 X 0 0 0 DEBORAH NOVACK MD PHD COUNCILOR 1.00 X 0 0 0 ROBERT H VONCERHEIDE MD DPHIL COUNCILOR 1.00 X 0 0 0 JOSEPH C WU MD PHD COUNCILOR 1.00 X 0 0 0 JOHN HAWLEY EXECUTIVE DIRECTOR 45.00 X 220663 0 30074 KAREN GUTH MANAGING DIRECTOR 45.00 X 208614 0 38826 478277 0 68900 2 0 1 0 THE SHERIDAN PRESS 450 FAME AVENUE HANOVER PA 17331 PRINT PUBLICATIONS, JOURNALS, CATALOGS 178627 1 335745 143150 478895 ARTICLE PROCESSING FEES 900099 1657933 1657933 SUBSCRIPTIONS 900099 828986 828986 ADVERTISING 541800 25791 25791 LOSS FROM ANNUAL MEETING 900099 -7661 -7661 2505049 419891 419891 277774 277774 3356570 3485726 -129156 -129156 -129156 OTHER INCOME 900099 3061 3061 3061 3555514 2515771 0 560848 44000 44000 547177 422468 124709 1236252 1087818 148434 121904 107206 14698 183799 157243 26556 110548 95717 14831 2862 2862 43257 43257 56264 56264 140153 140153 46510 46510 24253 24253 24683 20018 4665 259587 242380 17207 48456 41041 7415 24904 24904 EDITORS' HONORARIA 279384 279384 PRINTING AND PUBLICATIO 154197 154197 MEMBERSHIP DUES 74157 74157 DISTRIBUTION COSTS 25889 25889 93814 29890 63924 3542050 2968071 573979 0 207605 145524 660209 611815 157800 77500 60757 40156 34165 42373 1139360 460018 725908 679342 8857064 8504653 10703508 10101363 191542 216862 822961 754171 1014503 971033 X 9189540 8487715 96000 642615 403465 0 9689005 9130330 10703508 10101363 13464 -572139 0 X X 0 1 X 1 0 X 294755 291240 290895 843220 335745 2055855 2729065 2597556 2671593 2817586 2479258 13295058 3023820 2888796 2962488 3660806 2815003 15350913 10000 57000 67000 0 10000 57000 67000 15283913 633627 631115 730393 733031 697665 3425831 633627 631115 730393 733031 697665 3425831 45382 6831 5193 13355 3061 73822 3702829 3526742 3698074 4407192 3515729 18850566 0.81080 0.81820 0.18170 0.17630 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 7556769 -305373 280000 6971396 7700261 96508 240000 7556769 1.00000 0 0 87000 87000 299610 49935 249675 345868 28822 317046 406882 381261 25621 679342 X 2927111 -572139 -572139 3499250 56264 56264 3555514 3485786 0 3485786 56264 56264 3542050 PART V, LINE 4: DURING 2015, ASCI ESTABLISHED TWO BOARD DESIGNATED ENDOWMENTS: THE BOARD DESIGNATED ENDOWMENT, WHICH REPRESENTS FUNDS SET ASIDE BY THE BOARD OF DIRECTORS TO GENERATE INVESTMENT INCOME FOR OPERATIONS. THE BOARD DESIGNATED ENDOWMENT IS INTENDED TO FUNCTION SIMILAR TO A DONOR-RESTRICTED ENDOWMENT. THE ASCI PROGRAM FUND, WHICH REPRESENTS A FUND ESTABLISHED TO GENERATE EARNINGS TO SUPPORT BOARD-DESIGNATED PROGRAMS. IN ADDITION, DURING 2015, ASCI RECEIVED PERMANENTLY RESTRICTED CONTRIBUTIONS. PERMANENTLY RESTRICTED NET ASSETS WERE RECEIVED TO PROVIDE FUNDING FOR A PHYSICIAN AWARD PROGRAM. PART X, LINE 2: THE SOCIETY ACCOUNTS FOR UNCERTAINTY IN INCOME TAXES IN ACCORDANCE WITH ASC TOPIC, INCOME TAXES. THIS STANDARD CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN TAX POSITIONS AND PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE FINANCIAL STATEMENTS REGARDING A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE SOCIETY HAS DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS WHICH QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS AT DECEMBER 31, 2014. THE SOCIETY'S INFORMATION RETURNS ARE SUBJECT TO EXAMINATION BY THE FEDERAL GOVERNMENT AND GENERALLY REMAIN OPEN FOR THE MOST RECENT THREE YEARS. 1 THE STANLEY J. KORSMEYER AWARD 4 20000 YOUNG PHYSICIAN SCIENTIST AWARDS 46 23000 PART I, LINE 2: THE STANLEY J. KORSMEYER AWARD IS NAMED IN HONOR OF DR. KORSMEYER, WHO WAS THE FIRST RECIPIENT OF THE AWARD IN 1998 AND WHO PASSED AWAY IN MARCH 2005. THE ANNUAL AWARD RECOGNIZES THE OUTSTANDING ACHIEVEMENTS OF ASCI MEMBERS IN ADVANCING KNOWLEDGE IN A SPECIFIC FIELD AND IN MENTORING FUTURE GENERATIONS OF LIFE-SCIENCE RESEARCHERS. THE AWARD RECIPIENTS RECEIVE AN UNRESTRICTED $20,000 GRANT FROM THE SOCIETY AND PRESENTS THE AWARD LECTURE AT THE SOCIETY'S ANNUAL MEETING. THE ASCI COUNCIL YOUNG PHYSICIAN-SCIENTIST AWARDS RECOGNIZE YOUNG PHYSICIAN-SCIENTISTS WHO AT THE TIME OF THEIR NOMINATION ARE SUPPORTED BY ANY NIH K AWARD OR EQUIVALENT, ARE EARLY IN THEIR FIRST FACULTY APPOINTMENT, AND HAVE MADE NOTABLE ACHIEVEMENTS IN THEIR RESEARCH. X X X X X 0 0 0 0 0 0 0 0 0 JOHN HAWLEY EXECUTIVE DIRECTOR 220663 0 0 0 0 0 0 0 30074 0 250737 0 0 0 KAREN GUTH MANAGING DIRECTOR 208614 0 0 0 0 0 0 0 38826 0 247440 0 0 0 HOWARD A ROCKMAN MD EDITOR-IN-CHIEF, JCI 38000 STIPEND AS MEMBER OF THE EDITORIAL BOARD 0 W KIMRYN RATHMELL COUNCILOR 11000 STIPEND AS MEMBER OF THE EDITORIAL BOARD 0 FORM 990, PART VI, SECTION A, LINE 8B ASCI DOES NOT HAVE SUB-COMMITTEES WITHIN THE BOARD OF DIRECTORS WHICH ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11 A COPY OF THE FEDERAL FORM 990 IS REVIEWED IN DETAIL BY MANAGEMENT AND A COPY IS THEN PRESENTED TO THE BOARD FOR THEIR REVIEW BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C ASCI AND THE JCI BOARD MEMBERS SELF REPORT ON POTENTIAL CONFLICTS OF INTEREST VIA WRITTEN STATEMENTS AND RECUSE THEMSELVES FROM DISCUSSIONS THAT PROPOSE A POTENTIAL CONFLICT. THE EXECUTIVE DIRECTOR RETAINS THESE WRITTEN STATEMENTS AND MONITORS ANY POTENTIAL CONFLICTS. JCI BOARD MEMBERS ARE NOT ASSIGNED TO REVIEW MANUSCRIPTS THAT PROPOSE A POTENTIAL CONFLICT. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS APPROVES EMPLOYMENT CONTRACTS FOR EXECUTIVE DIRECTOR AND MANAGING DIRECTOR AS WELL AS PERFORMING A COMPETITIVE SALARY REVIEW. FORM 990, PART VI, SECTION C, LINE 19 ASCI MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST STATEMENT AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. THE CONFLICT OF INTEREST STATEMENT IS ALSO POSTED ON ASCI'S WEBSITE. FORM 990, PART XI, LINE 2C THE FINANCE COMMITTEE IS RESPONSIBLE FOR THE OVERSIGHT OF THE AUDIT AND SELECTION OF AN INDEPENDENT ACCOUNTANT.