American Academy of Sleep Medicine Foundation
Public records show a registered, tax-exempt organization in good standing.
What it says it does
TO PROMOTE DISCOVERIES THAT ADVANCE THE UNDERSTANDING OF SLEEP FOR HEALTHIER LIVES BY OFFERING RESEARCH, COMMUNITY AND TRAINING GRANTS.
- Income
- $3.3 million
- Spending
- $4.6 million
- Spent on programs
- 97%
- Reserves
- 5.5 months of spending
- Largest source of income
- donations and private grants, 82%
- Employees
- 0
- Volunteers
- 45
- Highest pay
- $621,130, executive director
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
Fair: 66 out of 100. Higher than 25% of charities in its peer group (medical research, $1m to $10m).
Reserves
20 of 35Spendable reserves would cover 5.5 months of spending.
Debt
16 of 20It owes 28% of what it owns.
Living within its means
0 of 15Spending exceeded income by 41% of income.
Income trend
15 of 15Income rose 3% on the year before.
Spending floor
15 of 1597% of spending went to programs and raising each dollar of donations cost 3 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
Good: 75 out of 100. Higher than 23% of charities in its peer group (medical research, $1m to $10m).
Independent board
5 of 254 of 10 voting board members are independent.
Conflict of interest policy
15 of 15Has a written conflict of interest policy.
Whistleblower policy
8 of 8Has a written whistleblower policy.
Record keeping policy
7 of 7Has a written policy on keeping and destroying records.
Board minutes
5 of 5Keeps minutes of board meetings.
Board sees the tax return
10 of 10Gave the board a copy of this return before filing it.
Pay set independently
0 of 5Reports no independent review process for its chief executive's pay.
Independent check of accounts
15 of 15Its accounts were audited by an independent accountant.
No reported misuse
10 of 10Reports 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 (1)
- $4.4 million spent. THE AASM FOUNDATION INVESTS IN PEOPLE, RESEARCH, AND COMMUNITIES TO IMPROVE THE SLEEP HEALTH OF ALL PEOPLE.IN 2024, THE AASM FOUNDATION APPROVED FUNDING FOR CAREER DEVELOPMENT GRANTS, INCLUDING BRIDGE TO SUCCESS FOR EARLY CAREER INVESTIGATORS GRANTS (SUPPORTS RESEARCHERS WHO HAVE APPLIED FOR A FEDERAL CAREER DEVELOPMENT AWARD THAT WILL NOT BE FUNDED AND WHO PLAN TO SUBMIT A REVISED APPLICATION), BRIDGE TO SUCCESS FOR MID-CAREER/SENIOR INVESTIGATORS GRANTS (SUPPORTS RESEARCHERS WHO HAVE APPLIED FOR A FEDERAL INDEPENDENT INVESTIGATOR AWARD THAT WILL NOT BE FUNDED AND WHO PLAN TO SUBMIT A REVISED APPLICATION), FOCUSED PROJECTS GRANTS FOR JUNIOR INVESTIGATORS (SUPPORTS RESEARCH BY EARLY INVESTIGATORS) AND PHYSICIAN SCIENTIST AND ABSM JR FACULTY GRANTS (SUPPORTS THE GROWTH OF PHYSICIAN SCIENTISTS IN THE FIELD OF SLEEP AND CIRCADIAN RESEARCH). STRATEGIC RESEARCH GRANTS (SUPPORTS PROJECTS THAT FOSTER HEALTH SERVICES RESEARCH AND PATIENT-ORIENTED RESEARCH IN SLEEP MEDICINE, TO DEMONSTRATE IMPROVED PATIENTS' OUTCOMES AND DEMONSTRATE VALUE) WERE APPROVED, AS WELL AS COMMUNITY SLEEP HEALTH GRANTS (SUPPORTS PROJECTS ADDRESSING SLEEP HEALTH IN THE COMMUNITY). THE AASM FOUNDATION ALSO APPROVED A SLEEP CHAMPION AWARD (RECOGNIZES SUCCESSFUL COMMUNITY-BASED SLEEP HEALTH SERVICES AND EDUCATION PROVIDED BY NON-PROFIT ORGANIZATIONS). ADDITIONALLY, THE AASM FOUNDATION SUPPORTED THE EFFORTS OF OTHER ORGANIZATIONS BY CO-FUNDING SCHOLARSHIPS FOR MEDICAL STUDENTS INTERESTED IN SLEEP MEDICINE AND SMALL RESEARCH GRANTS FOR PILOT PROJECTS FOR EARLY CAREER RESEARCHERS.
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
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 September 7, 2026.
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 September 30, 2026.
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 September 10, 2026.
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 September 7, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since November 1998.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
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 October 7, 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.