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Wood Library-Museum of Anesthesiology

EIN 36-3573324 · Schaumburg, IL

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthStrong100 out of 100GovernanceStrong95 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

THE MISSION OF THE WOOD LIBRARY-MUSEUM OF ANESTHESIOLOGY IS TO ADVANCE ANESTHESIOLOGY BY PRESERVING AND SHARING ITS HERTIAGE AND KNOWLEDGE, TO BE THE FOREMOST ANESTHESIA LIBRARY-MUSEUM, AND PRESERVE OUR HERITAGE TO ADVANCE OUR FUTURE.

Income
$1.7 million
Spending
$1.1 million
Spent on programs
66%
Reserves
95.3 months of spending
Largest source of income
investment income, 76%
Employees
0
Volunteers
34
Highest pay
$1.3 million, chief executive officer

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Strong: 100 out of 100. Higher than 89% of charities in its peer group (arts and culture, $1m to $10m).

  • Reserves

    35 of 35

    Spendable reserves would cover 95.3 months of spending.

  • Debt

    20 of 20

    It owes 1% of what it owns.

  • Living within its means

    15 of 15

    Income exceeded spending by 35% of income.

  • Income trend

    15 of 15

    Income rose 4% on the year before.

  • Spending floor

    15 of 15

    66% of spending went to programs and raising each dollar of donations cost 10 cents.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Strong: 95 out of 100. Higher than 61% of charities in its peer group (arts and culture, $1m to $10m).

  • Independent board

    25 of 25

    10 of 10 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    8 of 8

    Has a written whistleblower policy.

  • Record keeping policy

    7 of 7

    Has a written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    10 of 10

    Gave the board a copy of this return before filing it.

  • Pay set independently

    0 of 5

    Reports no independent review process for its chief executive's pay.

  • Independent check of accounts

    15 of 15

    Its accounts were audited by an independent accountant.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (4)
  1. $227,557 spent. RARE BOOK, ARCHIVAL, AND ARTIFACT COLLECTIONS: THE ORGANIZATION ACHIEVED A MAJOR MILESTONE WITH THE MOVE INTO ITS NEW COLLECTION FACILITY, PROVIDING A SECURE, CLIMATE- AND HUMIDITY-CONTROLLED ENVIRONMENT TO PROTECT AND PRESERVE ITS EXTRAORDINARY HOLDINGS. WLM HOUSES AND CARES FOR ARTIFACTS, EQUIPMENT, RARE MANUSCRIPTS, AND PERSONAL PAPERS FROM PIONEERS IN ANESTHESIOLOGY, ENSURING THE HERITAGE OF THE FIELD REMAINS PROTECTED AND ACCESSIBLE TO RESEARCHERS, STUDENTS, AND PROFESSIONALS.
  2. $262,781 spent. INTERACTIVE HISTORICAL EXHIBITS: THE MUSEUM FEATURES AN INTERACTIVE TIMELINE AND CURATED EXHIBITS THAT HIGHLIGHT MAJOR MILESTONES IN ANESTHESIOLOGY. THESE DISPLAYS HELP EDUCATE THE PUBLIC AND MEDICAL COMMUNITY ABOUT THE EVOLUTION OF THE SPECIALTY.
  3. $26,052 spent. EDUCATION AND ENGAGEMENT: WLM PRODUCES AND ARCHIVES ORAL HISTORIES, LECTURES, AND VIDEOS, INCLUDING THE LIVING HISTORY PROJECT AND LEWIS H. WRIGHT MEMORIAL LECTURE, TO PRESERVE THE VOICES AND EXPERIENCES OF ANESTHESIOLOGY PIONEERS. IT CONTINUES ITS SUPPORT OF THE PAUL M. WOOD FELLOWSHIP, FOSTERING HISTORICAL SCHOLARSHIP AND ENSURING THE FIELD'S LEGACY IS PASSED ON TO FUTURE GENERATIONS.
  4. $235,151 spent. ALL OTHER PROGRAM SERVICES

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated November 6, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending December 2024.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since August 1989.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated November 4, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.