2024-10-30T14:02:41-05:00 2023-12-31 410746749 CLIFTONLARSONALLEN LLP 2021 SPRING ROAD SUITE 200 OAK BROOK IL 60523 990 2023-01-01 362110592 AMERICAN ACADEMY OF ORTHOPAEDIC SURGEONS AMER 8473844254 9400 W HIGGINS ROAD 500 ROSEMONT IL 600184976 RACHEL BOWERS CHIEF FINANCIAL OFFICER 8473844254 2024-10-29 1 0 JAMES R THOMAS P00095586 6305738600 2024-10-29 2023 2024-10-15 13:58:12Z THOMAS E AREND JR 9400 W HIGGINS ROAD 500 ROSEMONT IL 600184976 101103617 0 X WWW.AAOS.ORG X 1948 IL SERVING OUR PROFESSIONALS TO PROVIDE THE HIGHEST QUALITY MUSCULOSKELETAL CARE. 16 13 246 4000 1442927 418144 15223097 14894974 27396675 28909235 -5903110 255240 2461949 2440072 39178611 46499521 397154 564000 0 0 24054251 25220829 0 0 138599 21971809 23931199 46423214 49716028 -7244603 -3216507 182864178 187086157 46154476 41447826 136709702 145638331 SERVING OUR PROFESSIONALS TO PROVIDE THE HIGHEST QUALITY MUSCULOSKELETAL CARE. 0 0 10109932 16689356 ANNUAL MEETING - PRESENTATION OF LECTURES AND SYMPOSIA ON ORTHOPAEDIC SURGERY AND RELATED TOPICS, NUMBER OF ATTENDEES IS 17,808 IN 2023. 2046823 2388218 COURSE EDUCATION - COURSES PROVIDED TO ORTHOPAEDIC PROFESSIONALS TO KEEP THEM ABREAST OF THE LATEST ADVANCES IN ORTHOPAEDIC SURGERY AND CARE AND TO PROVIDE CME. 23 COURSES OFFERED IN 2023. 17478341 564000 4343679 OTHER PROGRAM SERVICES - INCLUDING PUBLIC RELATIONS, BOARD OF COUNCILORS, ADVOCACY, EDUCATION PROGRAMS, INTERNATIONAL ACTIVITIES, AND RESEARCH AND SCIENTIFIC AFFAIRS. 29635096 1 1 0 1 0 0 0 0 0 0 1 1 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 1 143 0 246 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 16 13 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 IL X MS RACHEL BOWERS CHIEF FINANCIAL OFFICER 8473844254 9400 W HIGGINS ROAD ROSEMONT IL 600184976 KEVIN J BOZIC MD PRESIDENT 7.50 7.50 X X 127083 0 0 PAUL TORNETTA III MD FIRST VICE-PRESIDENT 5.00 5.00 X X 69160 0 0 ANNUNZIATO AMENDOLA MD SECOND VICE-PRESIDENT 5.00 5.00 X X 33333 0 0 FELIX H SAVOIE MD PAST PRESIDENT 2.50 2.50 X X 20000 0 0 MICHAEL L PARKS MD TREASURER 1.50 1.50 X X 0 0 0 ALFONSO MEJIA MD BOC CHAIR 1.00 1.00 X 0 0 0 JOEL L MAYERSON BOC CHAIR-ELECT 1.00 1.00 X 0 0 0 MICHAEL J LEDDY III MD BOC SECRETARY 1.00 1.00 X 0 0 0 ARMANDO F VIDAL MD BOS CHAIR 1.00 1.00 X 0 0 0 ADOLPH J YATES MD BOS CHAIR-ELECT 1.00 1.00 X 0 0 0 MICHAEL P BOLOGNESI MD BOS SECRETARY 1.00 1.00 X 600 0 0 MONICA M PAYARES MD MEMBER AT LARGE 1.00 1.00 X 0 0 0 CHAD A KRUGER MD MEMBER AT LARGE 1.00 1.00 X 0 0 0 EVALINA BURGER MD MEMBER AT LARGE 1.00 1.00 X 0 0 0 TONI M MCLAURIN MD MEMBER AT LARGE 1.00 1.00 X 0 0 0 LISA N MASTERS LAY MEMBER 1.00 1.00 X 0 0 0 THOMAS E AREND JR CHIEF EXECUTIVE OFFICER 40.00 40.00 X 944865 0 65241 KONSTANTINOS T DAMALAS CHIEF OPERATING OFFICER 30.00 30.00 X 636591 0 61740 ANNA SALT TROISE CHIEF COMMERICAL OFFICER 40.00 40.00 X 500899 0 59914 NATHAN T GLUSENKAMP CHIEF QUALITY & REGISTRIES 45.00 5.00 X 409416 0 65241 LAURA F ABRAHAMS CHIEF HUMAN RESOURCE OFFIC 45.00 5.00 X 293083 0 58404 MELISSA A YOUNG GENERAL COUNSEL 30.00 30.00 X 363332 0 65241 BENJAMIN HARKINSON COMMERCIAL SOLUTIONS DIREC 40.00 10.00 X 271261 0 58071 ANTHONY PRIORE CHIEF MARKETING AND COMMUN 30.00 30.00 X 260668 0 51022 SUSAN A MCSORLEY LIVE EVENTS VICE PRESIDENT 45.00 5.00 X 259343 0 51159 HANS J KOELSCH PUBLICATIONS DIRECTOR 40.00 10.00 X 244747 0 50427 DONNA J MALERT GOVERNANCE DIRECTOR 45.00 5.00 X 223493 0 44147 TODD R APPLEBAUM STRATEGIC PLANNING & PERFO 45.00 5.00 X 215777 0 52741 RACHEL M BOWERS FINANCE DIRECTOR 30.00 30.00 X 271460 0 56441 SCOTT LIVINGSTON IT OPERATIONS & SUPPORT DI 30.00 30.00 X 226342 0 54721 JAYSON N MURRAY CLINICAL QUALITY AND VALUE 45.00 5.00 X 210910 0 18746 REAGAN L BAYER REGISTRIES DIRECTOR 45.00 5.00 X 196682 0 45937 BRIAN N MOORE LEARNING & PRACTICE DIRECT 50.00 X 199269 0 50184 LISE PUCKORIUS OLC OLC CHIEF EXECUTIVE OFFICE 0.50 40.00 X 266952 0 52584 LANE COMPTON PROJECT MANAGEMENT OFFICE DIRECTOR 45.00 5.00 X 181332 0 50120 PAUL ZEMAITIS LIVE EVENTS DIRECTOR 45.00 5.00 X 181838 0 33615 CATHERINE A BOUDREAUX HAYES ASSOC SENIOR GOVERNMENT RELATION 5.00 45.00 X 185793 0 50262 SHREYASI DEB ASSOC SR MANAGER HEALTH POLICY 5.00 45.00 X 182251 0 49897 SHOBHA RAVIKUMAR SR ENGINEERING DIRECTOR 45.00 5.00 X 227245 0 54494 SCOTT HASKINS IT OPERATIONS & SUPPORT DI 30.00 30.00 X 211429 0 45980 REBECCA BONDS DATA MANAGEMENT & BI DIRECTOR 45.00 5.00 X 183067 0 27543 GRAHAM H NEWSON RETIRED - ASSOC GOVERNMENT RELATIONS VP 5.00 45.00 X 302337 0 55974 JOHN THOMAS KING RETIRED CHIEF INFORMATION OFFICER 30.00 30.00 X 177721 0 26233 8078279 0 1356079 97 1 1 0 ICE MILLER PO BOX 68 INDIANAPOLIS IN 46206 LEGAL SERVICES 503971 ADDISON GROUP 7076 SOLUTION CENTER CHICAGO IL 60677 SOFTWARE CONSULTANT 312323 RED FOUNDRY 400 WEST HURON STREET UNIT 803 CHICAGO IL 60654 SOFTWARE DEVELOPMENT 252705 TURNOUT NOW LLC 1390 COLUMBIA AVE STE 212 LANCASTER PA 17603 EVENTS MANAGER 182191 SURGICAL TRAINING INSTITUTE 2330 NE VERBENA LN CAMAS WA 98607 MOBILE LABORATORIES AND HEALTHCARE RESEA 136175 6 14256062 638912 14894974 ANNUAL MEETING 541900 17143141 16689356 453785 REGISTRIES 541900 6451572 6451572 COURSE EDUCATION 541900 2388218 2388218 PUBLICATIONS AND OTHER 541900 2064322 1757429 306893 RENTAL INCOME FROM ORTHOPAEDIC SO 541900 861982 861982 28909235 2683888 2683888 6305394 682249 5623145 44294425 46723073 -2428648 -2428648 -2428648 4015701 7881023 -3865322 -3865322 46499521 23421253 1442927 6740367 521500 521500 42500 42500 8300567 3412341 4888226 12402662 4178842 8095070 128750 1207795 552620 655175 1842308 1017813 824495 1467497 863531 594117 9849 277546 223396 54150 89649 66919 22730 294230 294230 4052528 3027732 1024796 397577 397577 354864 218860 136004 1842611 1625924 216687 3361162 2616997 744165 1809964 1097112 712852 6823434 6400274 423160 3562691 2891676 671015 696253 414554 281699 368690 64928 303762 49716028 29635096 19942333 138599 18501168 11715258 1563150 111500 3997943 4801856 4776356 4191871 40590866 25586692 11686497 15004174 91865271 102581260 27279158 28316553 23194635 20363685 182864178 187086157 7138843 6242901 13279157 12705692 25736476 22499233 46154476 41447826 X 135687862 144597480 1021840 1040851 136709702 145638331 182864178 187086157 X -3216507 11957454 187682 X X 0 1 X 1 0 X 5840135 43933592 14052806 15223097 14894974 93944604 33616302 28756812 25210510 30100456 31378861 149062941 39456437 72690404 39263316 45323553 46273835 243007545 4500000 43199858 13451766 14652721 14256062 90060407 0 4500000 43199858 13451766 14652721 14256062 90060407 152947138 7391078 6916233 8087765 7332433 8217549 37945058 7391078 6916233 8087765 7332433 8217549 37945058 283045 246853 392530 351829 418144 1692401 47130560 79853490 47743611 53007815 54909528 282645004 0.54110 0.54390 0.13420 0.12870 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1000000 1000000 1000000 1000000 4000000 6000000 73187 102536 100014 113731 389468 250000 250000 250000 250000 1000000 1500000 14936762 14936762 12496866 2509929 70033 14936762 400000 400000 5530685 4444678 1086007 34660181 21142014 13518167 15004174 INVESTMENT IN ORTHO PROPERTIES, LLC 17701202 C INVESTMENT IN LINEAGE MEDICAL 250000 C INVESTMENT IN BLACKSTONE RE INCOME FUND I 1148571 F INVESTMENT IN PRIVATE EQUITY MANAGERS 3658264 F INVESTMENT IN JLL INCOME 1057496 F INVESTMENT IN VINTAGE VII OFFSHORE 1603809 F INVESTMENT IN ICAP 553625 F INVESTMENT IN BREIT 1152346 F INVESTMENT IN APOLLO X OFFSHORE FEEDER 94690 F INVESTMENT IN HCF VI ACCESS FUND 721748 F INVESTMENT IN NHEE IX OFFSHORE FEEDER 374802 F 28316553 DUE FROM OPLLC 837597 RIGHT OF USE ASSET 19526088 20363685 LEASE LIABILITY 22499233 22499233 X PART V, LINE 4: DURING THE YEAR ENDED DECEMBER 31, 2020, THE BOARD PASSED A RESOLUTION TO DISSOLVE THE ACADEMY RESTRICTED FUND, ASSOCIATION RESTRICTED FUND, AND THE DEBT REPAYMENT FUND. THE FUNDS WERE TRANSFERRED INTO THE PERMANENT FUND. PART X, LINE 2: THE ACADEMY'S APPLICATION OF ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REGARDING UNCERTAIN TAX POSITIONS HAS NO EFFECT ON ITS FINANCIAL POSITION AS MANAGEMENT BELIEVES THE ACADEMY HAS NO MATERIAL UNRECOGNIZED INCOME TAX BENEFITS, INCLUDING ANY POTENTIAL RISK OF LOSS OF THEIR NONPROFIT TAX STATUS, THEREFORE, NO LIABILITY RELATING TO UNCERTAIN TAX POSITIONS HAS BEEN RECORDED AS OF DECEMBER 31, 2023. THE ACADEMY WOULD ACCOUNT FOR ANY POTENTIAL INTEREST OR PENALTIES RELATED TO POSSIBLE FUTURE LIABILITIES FOR UNRECOGNIZED INCOME TAX BENEFITS AS INCOME TAX EXPENSE. 1 ORTHOPAEDIC RESEARCH SOCIETY 9400 W HIGGINS RD ROSEMONT IL 60018 363180285 501(C)(3) 25000 0 GENERAL SUPPORT ORTHOPAEDIC RESEARCH AND EDUCATION FOUNDATION 9400 W HIGGINS RD ROSEMONT IL 60018 366009467 501(C)(3) 50000 0 GENERAL SUPPORT AMERICAN ORTHOPAEDIC SOCIETY FOR SPORTS MEDICINE 9400 W HIGGINS RD ROSEMONT IL 60018 237182780 501(C)(3) 34000 0 GENERAL SUPPORT UNITED STATES BONE AND JOINT INITIATIVE 9400 W HIGGINS RD ROSEMONT IL 60018 134223933 501(C)(3) 20000 0 GENERAL SUPPORT UNIVERSITY OF FLORIDA BOARD OF TRUSTEES 1523 UNION RD RM 207 GAINESVILLE FL 32611 596002052 501(C)(3) 72500 0 GENERAL SUPPORT NTH DIMENSIONSOPM EDUCATION 53 W JACKSON ST STE 1734 CHICAGO IL 60604 272884718 501(C)(3) 45440 0 GENERAL SUPPORT AMERICAN ASSOCIATION OF LATINO ORTHOPAEDIC SURGEONS 1415 S ARDMORE AVE PO BOX 5797 VILLA PARK IL 60148 452488115 501(C)(3) 33000 0 GENERAL SUPPORT SOCIETY OF MILITARY ORTHOPAEDIC SURGEONS 110 W ROAD STE 227 TOWNSON MD 21204 237297572 501(C)(3) 32000 0 GENERAL SUPPORT THE PERRY INITIATIVE 130 ACADEMY ST SPENCER LAB RM 126 NEWARK DE 19716 273728166 501(C)(3) 30000 0 GENERAL SUPPORT J ROBERT GLADDEN ORTHOPAEDIC SOCIETY 110 W ROAD STE 227 TOWNSON MD 21204 364245550 501(C)(3) 25000 0 GENERAL SUPPORT SETON FAMILY HOSPITALS 1345 PHILOMENA ST AUSTIN TX 78723 741109643 C-CORP 20000 0 GENERAL SUPPORT JOHN HOPKINS UNIVERSITY 3910 KESWICK RD N4327-B BALTIMORE MD 21211 520595110 501(C)(3) 17500 0 GENERAL SUPPORT HOWARD UNIVERSITY HOSPITAL ORTHOPAEDIC ALUMNI ASSOCIATION 2244 10TH ST MW WASHINGTON DC 20059 530204707 C-CORP 17460 0 GENERAL SUPPORT RUTH JACKSON ORTHOPAEDIC SOCIETY 330 W 38TH ST STE 1105 NEW YORK NY 10018 521398991 501(C)(3) 16000 0 GENERAL SUPPORT DUKE UNIVERSITY SCHOOL OF MEDICINE PO BOX 104132 DURHAM NC 27708 560532129 501(C)(3) 15000 0 GENERAL SUPPORT LIMB LENGTHEN & RECONSTRUCTION SOCIETY 575 E BIG BEAVER RD STE 270 TROY MI 48083 950165013 501(C)(6) 10000 0 GENERAL SUPPORT WAKE FOREST UNIVERSITY HEALTH SCIENCES MEDICAL CENTER BOULEVARD WINSTONSALEM NC 27157 223849199 C-CORP 10000 0 GENERAL SUPPORT UNIVERSITY OF CALIFORNIA SAN FRANCISCO 1855 FOLSOM ST STE 425 SAN FRANCISCO CA 94143 946036493 501(C)(3) 10000 0 GENERAL SUPPORT NEW MEXICO ORTHOPAEDIC ASSOCIATION 316 OSUNA RD NE ALBUQUERQUE NM 87107 850329209 501(C)(6) 10000 0 GENERAL SUPPORT 14 5 AAOS BOARD OF SPECIALTY SOCIETIES RESEARCH SUPPORT 1 27500 GENERAL SUPPORT, WILLIAM TIPTON LEADERSHIP AWARD 1 5000 GENERAL SUPPORT. HUMANITARIAN AWARD 1 5000 GENERAL SUPPORT - DIVERSITY AWARD 1 5000 PART I, LINE 2: THE ORGANIZATION MAKES CONTRIBUTIONS TO OTHER ENTITIES WITH SIMILAR ORTHOPAEDIC RELATED MISSIONS FOR THE GENERAL SUPPORT OF THESE ORGANIZATIONS. IF THE FUNDS ARE TO BE USED FOR GENERAL SUPPORT OF THEIR MISSION, WE DO NOT REQUIRE THESE ORGANIZATIONS TO SUBSTANTIATE THEIR EXPENDITURES RELATED TO THESE CONTRIBUTIONS. FOR SOME PROJECTS, HOWEVER, A FINAL REPORT IS REQUIRED TO SUBSTANTIATE THE EXPENDITURES. X X 0 0 X X X 0 0 0 0 0 0 0 0 0 THOMAS E AREND JR CHIEF EXECUTIVE OFFICER 783523 0 158570 0 2772 0 33000 0 32241 0 1010106 0 0 0 KONSTANTINOS T DAMALAS CHIEF OPERATING OFFICER 486675 0 148950 0 966 0 29499 0 32241 0 698331 0 0 0 ANNA SALT TROISE CHIEF COMMERICAL OFFICER 412395 0 88084 0 420 0 33000 0 26914 0 560813 0 0 0 NATHAN T GLUSENKAMP CHIEF QUALITY & REGISTRIES 366318 0 42678 0 420 0 33000 0 32241 0 474657 0 0 0 MELISSA A YOUNG GENERAL COUNSEL 351294 0 10232 0 1806 0 33000 0 32241 0 428573 0 0 0 GRAHAM H NEWSON RETIRED - ASSOC GOVERNMENT RELATIONS VP 290598 0 8539 0 3200 0 29060 0 26914 0 358311 0 0 0 LAURA F ABRAHAMS CHIEF HUMAN RESOURCE OFFIC 261635 0 30482 0 966 0 26163 0 32241 0 351487 0 0 0 BENJAMIN HARKINSON COMMERCIAL SOLUTIONS DIREC 258302 0 12539 0 420 0 25830 0 32241 0 329332 0 0 0 RACHEL M BOWERS FINANCE DIRECTOR 242000 0 29040 0 420 0 24200 0 32241 0 327901 0 0 0 LISE PUCKORIUS OLC OLC CHIEF EXECUTIVE OFFICE 256703 0 7477 0 2772 0 25670 0 26914 0 319536 0 0 0 ANTHONY PRIORE CHIEF MARKETING AND COMMUN 241084 0 16384 0 3200 0 24108 0 26914 0 311690 0 0 0 SUSAN A MCSORLEY LIVE EVENTS VICE PRESIDENT 242448 0 14123 0 2772 0 24245 0 26914 0 310502 0 0 0 HANS J KOELSCH PUBLICATIONS DIRECTOR 235127 0 6848 0 2772 0 23513 0 26914 0 295174 0 0 0 SHOBHA RAVIKUMAR SR ENGINEERING DIRECTOR 222525 0 4300 0 420 0 22253 0 32241 0 281739 0 0 0 SCOTT LIVINGSTON IT OPERATIONS & SUPPORT DI 219753 0 5959 0 630 0 22480 0 32241 0 281063 0 0 0 TODD R APPLEBAUM STRATEGIC PLANNING & PERFO 204999 0 10148 0 630 0 20500 0 32241 0 268518 0 0 0 DONNA J MALERT GOVERNANCE DIRECTOR 200625 0 5843 0 17025 0 20062 0 24085 0 267640 0 0 0 SCOTT HASKINS IT OPERATIONS & SUPPORT DI 188750 0 21000 0 1679 0 19066 0 26914 0 257409 0 0 0 BRIAN N MOORE LEARNING & PRACTICE DIRECT 189479 0 9198 0 592 0 17943 0 32241 0 249453 0 0 0 REAGAN L BAYER REGISTRIES DIRECTOR 190227 0 5541 0 914 0 19023 0 26914 0 242619 0 0 0 CATHERINE A BOUDREAUX HAYES ASSOC SENIOR GOVERNMENT RELATION 180208 0 5249 0 336 0 18021 0 32241 0 236055 0 0 0 SHREYASI DEB ASSOC SR MANAGER HEALTH POLICY 176561 0 5143 0 547 0 17656 0 32241 0 232148 0 0 0 LANE COMPTON PROJECT MANAGEMENT OFFICE DIRECTOR 180995 0 0 0 337 0 17879 0 32241 0 231452 0 0 0 JAYSON N MURRAY CLINICAL QUALITY AND VALUE 187462 0 21558 0 1890 0 18746 0 0 0 229656 0 0 0 PAUL ZEMAITIS LIVE EVENTS DIRECTOR 172000 0 8520 0 1318 0 17850 0 15765 0 215453 0 0 0 REBECCA BONDS DATA MANAGEMENT & BI DIRECTOR 173215 0 7500 0 2352 0 17322 0 10221 0 210610 0 0 0 JOHN THOMAS KING RETIRED CHIEF INFORMATION OFFICER 156800 0 20398 0 523 0 7426 0 18807 0 203954 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 AS A MEMBERSHIP ASSOCIATION, THE ORGANIZATION CURRENTLY HAS 39,021 MEMBERS. THERE ARE TWO CATEGORIES OF MEMBERSHIP IN THE ACADEMY: FELLOWS AND MEMBERS. ONLY FELLOWS SHALL HAVE THE RIGHT TO VOTE AND HOLD OFFICE. FORM 990, PART VI, SECTION A, LINE 7A ELECTIONS OF THE OFFICERS AND THE AT-LARGE MEMBERS OF THE ACADEMY BOARD OF DIRECTORS SHALL BE DETERMINED BY THE ADOPTION OF THE REPORT OF THE NOMINATING COMMITTEE OR BY THE VOICE, WRITTEN, OR ELECTRONIC BALLOT OF THOSE FELLOWS PRESENT AT THE BUSINESS MEETING OF THE ANNUAL MEETING. EACH FELLOW WHO IS PRESENT AT THE BUSINESS MEETING OF THE ANNUAL MEETING SHALL BE ENTITLED TO ONE (1) VOTE FOR EACH OFFICER OF THE ACADEMY, MEMBER OF THE BOARD OF DIRECTORS, MEMBER OF THE MEMBERSHIP COMMITTEE, AND NOMINEES TO THE AMERICAN BOARD OF ORTHOPAEDIC SURGERY TO BE ELECTED. THOSE INDIVIDUALS RECEIVING THE GREATEST NUMBER OF VOTES SHALL BE CONSIDERED ELECTED, EVEN IF THEY DO NOT RECEIVE A MAJORITY OF THE VOTES CAST. FORM 990, PART VI, SECTION B, LINE 11B THE BOARD RETAINS THE SERVICES OF AN INDEPENDENT CPA FIRM TO PREPARE THE ORGANIZATION'S FORM 990. MANAGEMENT REVIEWS THE COMPLETED FORM 990 AND PROVIDES A FULL COPY TO ALL VOTING MEMBERS OF THE GOVERNING BODY PRIOR TO FILING. A CONFERENCE CALL IS SCHEDULED FOR THE CPA FIRM AND ORGANIZATION MANAGEMENT TO DISCUSS THE FORM 990 WITH THE FINANCE COMMITTEE AND TO ANSWER ANY QUESTIONS PRIOR TO FILING FORM 990 WITH THE IRS. THE FINANCE COMMITTEE HAS BEEN DELEGATED THE AUTHORITY TO REVIEW AND APPROVE THE FORM 990 BY THE VOTING MEMBERS OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS, KEY VOLUNTEERS, AND KEY STAFF ARE NOTIFIED IN WRITING TWICE A YEAR TO UPDATE THEIR WRITTEN DISCLOSURES. THE DISCLOSURE DATABASE IS MAINTAINED ELECTRONICALLY AND ANYONE WHO HAS NOT UPDATED THEIR RECORD IS NOTIFIED UNTIL THEY HAVE DONE SO. ADDITIONALLY, BEFORE EVERY BOARD AND COMMITTEE MEETING PARTICIPANTS ARE ASKED IF THEY HAVE ANYTHING NEW TO DISCLOSE. THE CHAIR OF THE GOVERNANCE GROUP SHALL ALSO HAVE THE PREROGATIVE OF REQUESTING A PARTICIPANT TO PROVIDE FURTHER INFORMATION OR AN EXPLANATION IF THE CHAIR IDENTIFIES A POTENTIAL CONFLICT OF INTEREST REGARDING THAT PARTICIPANT. THE CHAIR SHALL BE GUIDED BY THE MOST CURRENT VERSION OF THE PROTOCOL FOR THE PRESIDENT TO USE IN HANDLING POTENTIAL CONFLICT OF INTEREST ISSUES BEFORE THE ACADEMY BOARD OF DIRECTORS. BASED ON THE INFORMATION PROVIDED IN THE ACADEMY ORTHOPAEDIC DISCLOSURE PROGRAM AND/OR UPON A FURTHER REVIEW, THE CHAIR OF THE ACADEMY GOVERNANCE GROUP MAY DETERMINE THAT THE PARTICIPANT SHALL: 1) DISCLOSE THE POTENTIAL CONFLICT AND CONTINUE TO PARTICIPATE FULLY IN THE ACADEMY GOVERNANCE GROUP'S DISCUSSIONS AND VOTE; ["DISCLOSURE OPTION"] 2) DISCLOSE THE POTENTIAL CONFLICT, ADDRESS ANY QUESTIONS OTHER MEMBERS OF THE GROUP HAVE ON THE SUBJECT, THEN LEAVE THE ROOM AND NOT PARTICIPATE IN FURTHER DISCUSSION AND VOTE ["RECUSAL FROM VOTE OPTION"] OR 3) DEPART FROM THE ROOM UNTIL THE MATTER HAS BEEN FULLY DISCUSSED AND ACTED UPON. ["RECUSAL FROM DISCUSSION AND VOTE OPTION"]. FORM 990, PART VI, SECTION B, LINE 15 A COMPENSATION COMMITTEE IS DESIGNATED BY THE VOTING MEMBERS OF THE GOVERNING BODY AND IS CHARGED WITH DEVELOPING AND NEGOTIATING THE TERMS OF EMPLOYMENT AND ESTABLISHING THE TOTAL COMPENSATION PACKAGE FOR THE CEO. AN EVALUATION PROCESS IS COMPLETED ANNUALLY AND A RECOMMENDATION IS MADE REGARDING COMPENSATION THAT IS SENT TO THE BOARD FOR APPROVAL. FOR OTHER OFFICERS, KEY EMPLOYEES, AND STAFF POSITIONS, A MARKET STUDY REVIEW IS PERFORMED EVERY THREE TO FOUR YEARS COMPARING JOB DESCRIPTIONS WITH OTHER ENTITIES TO DETERMINE REASONABLE SALARY RANGES. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS AND THE CONFLICT OF INTEREST POLICY ARE AVAILABLE ON THE ORGANIZATION'S WEBSITE WHICH IS OPEN TO THE PUBLIC. FINANCIAL STATEMENTS ARE AVAILABLE THROUGH THE APPLICABLE GOVERNMENTAL AGENCIES. FORM 990, PART XI, LINE 9: INVESTMENT IN OPLLC GAIN 187,682. FORM 990, PART XII, LINE 2C THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. FORM 990, PART VI, SECTION A, LINE 1A THE PRESIDENT, FIRST VICE-PRESIDENT, SECOND VICE-PRESIDENT, TREASURER, CHAIR OF THE BOARD OF COUNCILORS, AND CHAIR OF THE BOARD OF SPECIALTY SOCIETIES SHALL CONSTITUTE THE EXECUTIVE COMMITTEE. THE EXECUTIVE COMMITTEE SHALL HANDLE MATTERS REQUIRING ACTION BETWEEN BOARD MEETINGS. THE EXECUTIVE COMMITTEE MAY ACT ON BEHALF OF THE BOARD OF DIRECTORS BETWEEN MEETINGS OF THE BOARD, BUT SUCH ACTIONS ARE SUBJECT TO RATIFICATION BY THE FULL BOARD OF DIRECTORS. AMERICAN ASSOCIATION OF ORTHOPAEDIC SURGEONS 9400 W HIGGINS ROAD ROSEMONT IL 60018 364241052 ADVOCACY ACTIVITIES ON BEHALF OF PATIENTS AND PROFESSIONALS IL 501(C)(6) N/A 0 ORTHOPAEDIC LEARNING CENTER 9400 W HIGGINS ROAD ROSEMONT IL 60018 363999836 IL 0 ORTHO PROPERTIES LLC 9400 W HIGGINS ROAD ROSEMONT IL 60018 320402949 RENTAL IL AMERICAN ACADEMY OF ORTHOPAEDIC SURGEONS RELATED 0 1 0.88570 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 AMERICAN ASSOCIATION OF ORTHOPAEDIC SURGEONS C 14256062 COST