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Nonprofit · EIN 36-3313192

ASES FOUNDATION

Tax-exempt · SCHAUMBURG, IL 60173

Financials

$1.7M$1.5M2023$4.1M$2.4M2024$3.7M$2.2M2025
Revenue Expenses · by fiscal year end
Financials of ASES FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2025990$3,725,965$2,159,141$1,566,824$11,363,530$469,728$10,893,802
December 31, 2024990$4,101,031$2,372,340$1,728,691$8,732,414$562,885$8,169,529
December 31, 2023990$1,731,452$1,522,917$208,535$6,166,369$126,193$6,040,176
Financial details: 990 for the year ended December 31, 2025

Revenue

Contributions, gifts and grants
$3,268,989
Program service revenue
$117,205
Investment income
$327,585
Other revenue
$12,186

Expenses

Grants and similar amounts paid
$1,074,797
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Accounting fees
$16,690
Travel
$169,903
Program services (functional)
$2,037,722
Management and general (functional)
$121,419

Balance sheet and other

Total assets, start of year
$8,732,414
Total assets, end of year
$11,363,530
Total liabilities, end of year
$469,728
Net assets, end of year
$10,893,802
Net assets without donor restrictions
$7,978,529
Net assets with donor restrictions
$2,915,273
Gross receipts
$3,725,965
Employees
0
Volunteers
80
Year formed
2016
State of legal domicile
IL

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2025, highest compensation first.

NameTitleHours / weekCompensation
THOMAS W THROCKMORTON MDTRUSTEE
Trustee or director
1$0
JULIE BISHOP MDSECRETARY/TREASURER
Trustee or director, Officer
1$0
JOSEPH A ABBOUD MDCHAIR
Trustee or director, Officer
1$0
FRANCES CUOMO MDTRUSTEE
Trustee or director
1$0
JONAS RUDZKI MDTRUSTEE
Trustee or director
1$0
MARK FRANKLE MDTRUSTEE
Trustee or director
1$0
JOHN KUHN MD MSPAST PRESIDENT
Trustee or director, Officer
1$0
PAUL M SETHI MDTRUSTEE
Trustee or director
1$0
990 for the year ended December 31, 2024: 8 people
NameTitleHours / weekCompensation
THOMAS W THROCKMORTON MDTRUSTEE
Trustee or director
1$0
JULIE BISHOP MDSECRETARY/TREASURER
Trustee or director, Officer
1$0
JOSEPH A ABBOUD MDCHAIR
Trustee or director, Officer
1$0
FRANCES CUOMO MDTRUSTEE
Trustee or director
1$0
JOSEPH ZUCKERMAN MDTRUSTEE
Trustee or director
1$0
IAN R BRYAM MDTRUSTEE
Trustee or director
1$0
PETER B MACDONALD MDPAST PRESIDENT
Trustee or director, Officer
1$0
PAUL M SETHI MDTRUSTEE
Trustee or director
1$0
990 for the year ended December 31, 2023: 8 people
NameTitleHours / weekCompensation
THOMAS W THROCKMORTON MDTRUSTEE
Trustee or director
1$0
CHARLES L GETZ MDSECRETARY/TREASURER
Trustee or director, Officer
1$0
JOSEPH A ABBOUD MDCHAIR
Trustee or director, Officer
1$0
FRANCES CUOMO MDTRUSTEE
Trustee or director
1$0
GREGORY P NICHOLSON MDTRUSTEE
Trustee or director
1$0
JOSEPH ZUCKERMAN MDTRUSTEE
Trustee or director
1$0
XAVIER A DURALDE MDPAST PRESIDENT
Trustee or director, Officer
1$0
IAN R BRYAM MDTRUSTEE
Trustee or director
1$0

Address and contacts

Address (IRS master file)
1515 E WOODFIELD RD STE 345, SCHAUMBURG, IL 60173-5432
In care of
% ROBERT H COFIELD
Mailing address (990-N for 2013)
6300 N RIVER RD SUITE 727, ROSEMONT IL 60018
Principal officer (990 for 2025)
JULIE BISHOP MD, 1515 E WOODFIELD ROAD 345, SCHAUMBURG, IL 60173
Principal officer (990-N for 2013)
ROBERT H BELL MD, 6300 N RIVER RD SUITE 727, ROSEMONT IL 60018
Signed the 990
JULIE BISHOP MD, SECRETARY/TREASURER
Phone
(847) 698-1629
Return prepared by
PORTE BROWN LLC

Mission

THE MISSION OF THE ORGANIZATION IS TO FOSTER SCIENTIFIC ADVANCES AND ENHANCE THE STUDY OF SHOULDER AND ELBOW SURGERY.

990 for the year ended December 31, 2025

Program accomplishments

  • FOSTER RESEARCH RELATIVE TO SHOULDER AND ELBOW SURGERY BY PROVIDING GRANTS TO PRESENTERS OF SCIENTIFIC PAPERS RELATING TO THE TECHNIQUES AND DEVELOPMENTS IN SHOULDER AND ELBOW SURGERY, ADDITIONALLY, THE FOUNDATION GIVES FELLOWSHIP GRANTS FOR THE EDUCATION AND TRAINING OF SHOULDER AND ELBOW CLINICIANS.
    Expenses $2,037,722 · grants $1,074,797 · revenue $129,391

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026990 on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
36-3313192
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1984
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$11,363,530
Income (IRS master file)
$3,725,965

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2025$3,725,965$2,159,141$11,363,530XML
990December 2024$4,101,031$2,372,340$8,732,414XML
990December 2023$1,731,452$1,522,917$6,166,369XML
990December 2022$1,911,127$1,608,264$5,579,098IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS
990-N for 2013
Officer: ROBERT H BELL MD
December 31, 2013≤ $50,000 receipts––e-Postcard

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 36-3313192).

Questions about ASES FOUNDATION

What is the EIN of ASES FOUNDATION?
The employer identification number (EIN) of ASES FOUNDATION is 36-3313192.
Is ASES FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1984.
Are donations to ASES FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does ASES FOUNDATION file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of ASES FOUNDATION due?
The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
When did ASES FOUNDATION last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2025.
Who is the principal officer of ASES FOUNDATION?
The 990 for the year ended December 31, 2025 names JULIE BISHOP MD.
Who are the officers and directors of ASES FOUNDATION?
The 990 for the year ended December 31, 2025 lists 8 people; 0 received compensation from the organization.
How much revenue does ASES FOUNDATION have?
On its 990 for the year ended December 31, 2025 it reported revenue of $3,725,965, expenses of $2,159,141 and total assets of $11,363,530 at year end.

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