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AATS FOUNDATION

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Public IRS 990 nonprofit record

AATS FOUNDATION

EIN 23-7288866 · Medical Research (H9BJ)

What they do

to SUPPORT CARDIOTHORACIC SURGEONS IN RESEARCH and EDUCATION.

Before you give

Should I give to this charity?

Easy charity check
Look at where the money went

Of every $100 spent, about $77.80 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders23 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

82.10%of revenue went to mission work77.8% of expenses · Program services
8.19%of revenue went to fundraising7.8% of expenses
$105.49spent for every $100 of revenueSpending was higher than revenue this year.
15.20%of revenue went to management and office costs14.4% of expenses
$4.41in assets for every $1 spent this yearSome assets cannot be spent right away.
72.8%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

  1. Who did you help? Ask for a recent story or report that shows real results.
  2. What will my money do? Ask exactly what your gift will pay for.
  3. Is this really the charity? Give only through its official website or confirmed phone number.

Worth asking: Expenses exceeded revenue by $153,605 this year. Ask whether that was planned or caused by a one-time event.

Pay context: The highest compensation shown in this filing is $57,464 for DAVID R BOBBITT MSC MBA (CHIEF EXECUTIVE OFFICER). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$2,798,765
Mission workProgram services$2,297,82682.10% of revenue77.8% of expenses
ManagementOffice and general costs$425,40315.20% of revenue14.4% of expenses
FundraisingAsking for donations$229,1418.19% of revenue7.8% of expenses
Total expenses$2,952,370105.49% of revenue

Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails
2024CurrentExpense mix: 77.8% mission · 14.4% management · 7.8% fundraisingTotal expenses: 105.49% of revenue
2023Expense mix: 81.5% mission · 15.2% management · 3.3% fundraisingTotal expenses: 121.42% of revenue
2022Expense mix: 83.3% mission · 14.2% management · 2.5% fundraisingTotal expenses: 80.01% of revenue
2021Expense mix: 86.8% mission · 12.0% management · 1.3% fundraisingTotal expenses: 71.93% of revenue
2020Expense mix: 69.7% mission · 23.5% management · 6.8% fundraisingTotal expenses: 44.85% of revenue
2019Expense mix: 98.8% mission · 1.2% management · 0.0% fundraisingTotal expenses: 48.34% of revenue
2018Expense mix: 97.3% mission · 2.7% management · 0.0% fundraisingTotal expenses: 44.17% of revenue
2017Expense mix: 93.5% mission · 3.8% management · 2.7% fundraisingTotal expenses: 52.16% of revenue

Money in and money out

Revenue$2,798,765
Expenses$2,952,370
Annual shortfall $153,605 Expenses were higher than revenue for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$2,297,826 · 77.8% of expenses
Management and office costs$425,403 · 14.4% of expenses
Fundraising$229,141 · 7.8% of expenses
See all reported dollar amounts
Revenue$2,798,765
Expenses$2,952,370
Assets$13,028,010
Income$2,928,978
Contributions$2,038,179
Mission work (program services)$2,297,826
Fundraising$229,141
Grants given$3,604,420
Average grant$50,766
Management and general$425,403
Stocks and bonds$9,938,057
Accounting fees$49,064
Investing fees$29,559
People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation
DAVID R BOBBITT MSC MBACHIEF EXECUTIVE OFFICER · 5 hrs/week $57,464Base · Other $57,464
ADAM SILVAVP OF ADMINISTRATION · 20 hrs/week $44,887Base · Other $44,887
MELISSA BINETTEVP, DEVELOPMENT & STRATEGIC PARTNERSHIPS · 20 hrs/week $44,516Base · Other $44,516
DEBORAH MCCLINTOCKCHIEF FINANCIAL OFFICER · 5 hrs/week $34,093Base · Other $34,093
LISA GIBSONDIRECTOR OF MARKETING & COMMUNICATIONS · 10 hrs/week $16,969Base · Other $16,969

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (23)

DAVID R BOBBITT MSC MBACHIEF EXECUTIVE OFFICER

ADAM SILVAVP OF ADMINISTRATION

MELISSA BINETTEVP, DEVELOPMENT & STRATEGIC PARTNERSHIPS

DEBORAH MCCLINTOCKCHIEF FINANCIAL OFFICER

LISA GIBSONDIRECTOR OF MARKETING & COMMUNICATIONS

YOLONDA L COLSON MDDIRECTOR

A MARC GILLINOV MDDIRECTOR

Y JOSEPH WOO MDSECRETARY

VAUGHN A STARNES MDDIRECTOR

ROSEMARY F KELLY MDDIRECTOR

PEDRO J DEL NIDO MDDIRECTOR

MEHMET C OZ MDDIRECTOR

MARC R MOON MDVICE PRESIDENT

MARAL OUZOUNIANDIRECTOR

LEONARD N GIRARDI MDTREASURER

LARS G SVENSSONDIRECTOR

JOSEPH S COSELLI MDDIRECTOR

JAMES D LUKETICH MDDIRECTOR (UNTIL 05/24)

GILLES DREYFUSDIRECTOR

EMILE A BACHA MDDIRECTOR

DAVID R JONESDIRECTOR

DAVID H ADAMS MDPRESIDENT

AUBREY GALLOWAY MDDIRECTOR

About this charity

Recognized since
January 1973
Location
10304 EATON PL STE 100 PMB 1040, FAIRFAX, VA 22030-2221
County
Fairfax (city)
In care of
ANELECHI C ANYANWU MD
Primary officer
ANELECHI C ANYANWU MD, TREASURER

How to reach them

Filing and classification

Latest tax year
2024
Tax period began
January 1, 2024
Return type
990
Tax preparer
CLIFTONLARSONALLEN LLP
NTEE classification
Medical Research (H9BJ)
Grant-giving organization
Yes

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About this report: Information comes from public nonprofit records and may show the latest filing available.

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