2023-02-16T08:14:05-06:00 2022-06-30 366055558 GRANT THORNTON LLP 171 N CLARK STREET SUITE 200 CHICAGO IL 60601 990 2021-07-01 300305504 AMERICAN COLLEGE OF SURGEONS FOUNDATION AMER 3122025000 633 N SAINT CLAIR STREET CHICAGO IL 60611 GAY L VINCENT CHIEF FINANCIAL OFFICER 3122025000 2023-02-15 1 GAY VINCENT 999009999 BRIDGET ROCHE P00666837 3128562000 3 AAL1 IAL1 2021 2023-03-07 01:45:13Z PATRICIA L TURNER 633 N SAINT CLAIR STREET CHICAGO IL 60611 272272 0 X WWW.FACS.ORG X 2005 IL THE PURPOSE OF THE FOUNDATION IS TO SUPPORT THE CHARITABLE AND EDUCATIONAL WORK OF THE ACS. 16 15 1 21 0 0 356918 272272 0 0 0 0 0 0 356918 272272 279859 238770 0 0 0 0 0 0 0 77059 33502 356918 272272 0 0 25494 353918 25494 353918 0 0 THE PURPOSE OF THE FOUNDATION IS TO SUPPORT THE CHARITABLE AND EDUCATIONAL WORK OF THE AMERICAN COLLEGE OF SURGEONS. 0 0 259280 238770 MEMBERS AND FRIENDS OF THE COLLEGE CONTINUE TO RECOGNIZE THE ROLE OF FINANCIAL GIFTS IN FURTHERING THE COLLEGE'S MISSION, AND IN FY 2022 THE COLLEGE RECEIVED GIFTS OF $238,770 FROM THE AMERICAN COLLEGE OF SURGEONS FOUNDATION. 259280 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 1 1 1 0 0 0 0 1 1 0 0 1 1 0 0 0 X 16 15 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 AL AR CA CO CT DC GA HI IL KS ME MD MA MI MN MS NC ND NH NJ NY OH OK OR PA RI TN VA WA WV WI X GAY L VINCENT CFO 3122025000 633 N SAINT CLAIR STREET CHICAGO IL 60611 X DAVID B HOYT PRESIDENT AND DIRECTOR 1.00 39.00 X X 0 1260448 324571 PATRICIA L TURNER PRESIDENT AND DIRECTOR 1.00 39.00 X X 0 752087 177496 JULIE ANN FREISCHLAG ACS PRESIDENT AND DIRECTOR 1.00 2.00 X X 0 0 0 J WAYNE MEREDITH ACS PRESIDENT AND DIRECTOR 1.00 2.00 X X 0 0 0 DON K NAKAYAMA TREASURER 1.00 2.00 X X 0 0 0 H RANDOLPH BAILEY DIRECTOR / VICE CHAIR & DIRECTOR 1.00 2.00 X X 0 0 0 DANNY ROBINETTE VICE CHAIR & DIRECTOR / CHAIR & DIRECTOR 1.00 0.00 X X 0 0 0 NICOLAS J MOUAWAD DIRECTOR / SECRETARY 1.00 0.00 X X 0 0 0 RUTH L BUSH SECRETARY & DIRECTOR 1.00 0.00 X X 0 0 0 MARY O AALAND DIRECTOR 1.00 0.00 X 0 0 0 ARTHUR COOPER DIRECTOR 1.00 0.00 X 0 0 0 E CHRISTOPHER ELLISON CHAIR & DIRECTOR / DIRECTOR 1.00 0.00 X X 0 0 0 KIRBY GROSS DIRECTOR 1.00 0.00 X 0 0 0 RAYMOND F MORGAN DIRECTOR 1.00 0.00 X 0 0 0 ALAN B PILLERSDORF DIRECTOR 1.00 0.00 X 0 0 0 HILARY A SANFEY DIRECTOR 1.00 0.00 X 0 0 0 JOHN H STEWART IV DIRECTOR 1.00 0.00 X 0 0 0 ROBERT P STICCA DIRECTOR 1.00 0.00 X 0 0 0 SHERRY M WREN DIRECTOR 1.00 0.00 X 0 0 0 GAY L VINCENT CFO 1.00 39.00 X 0 609849 -165278 SHANE R HOLLET FOUNDATION EXECUTIVE DIRECTOR 40.00 0.00 X 0 272746 240896 0 2895130 577685 0 0 1 0 0 272272 1004 272272 272272 0 0 0 238770 238770 12992 12992 3782 3782 BAD DEBT 16728 16728 272272 259280 12992 0 18565 346739 6929 7179 0 0 0 0 0 0 0 0 25494 353918 0 0 25494 353918 25494 353918 X 0 0 0 0 0 0 0 0 25494 353918 0 0 X 0 1 X 1 0 X 526485 314121 315957 351918 254599 1763080 526485 314121 315957 351918 254599 1763080 31979 1731101 1763080 0.98190 0.97850 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 DUE TO THE AMERICAN COLLEGE OF SURGEONS 353918 353918 X PART X, LINE 2: THE COLLEGE AND THE FOUNDATION ARE TAX-EXEMPT ORGANIZATIONS UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND ACSPA IS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(6) OF THE INTERNAL REVENUE CODE. EXCEPT FOR TAXES RELATING TO UNRELATED BUSINESS INCOME, THESE ENTITIES ARE EXEMPT FROM FEDERAL AND STATE INCOME TAXES. ACSPA - SURGEONS PAC IS A POLITICAL ORGANIZATION EXEMPT FROM FEDERAL TAXES UNDER SECTION 527 OF THE INTERNAL REVENUE CODE. ACSEO IS A LIMITED LIABILITY COMPANY WHICH OPERATES UNDER CERTAIN SECTIONS OF FEDERAL AND STATE INCOME TAX LAW. THE COLLEGE DOES NOT BELIEVE THAT THERE ARE ANY UNRECOGNIZED TAX BENEFITS OR TAX LIABILITIESES THAT SHOULD BE RECORDED AS OF JUNE 30, 2022 AND 2021. 1 AMERICAN COLLEGE OF SURGEONS 633 N ST CLAIR ST CHICAGO IL 60611 362192800 501(C)(3) 238770 0 GENERAL SUPPORT 1 PART I, LINE 2: THE AMERICAN COLLEGE OF SURGEONS FOUNDATION'S PRIMARY PURPOSE IS TO PROVIDE FINANCIAL SUPPORT FOR AMERICAN COLLEGE OF SURGEONS (ACS) RESEARCH, EDUCATION, AND PATIENT SAFETY PROGRAMS. THE FOUNDATION TRANSFERS ALL NET INCOME TO ACS. 0 0 0 0 0 0 0 0 0 DAVID B HOYT PRESIDENT AND DIRECTOR 0 1258985 0 845 0 618 0 298749 0 25822 0 1585019 0 0 PATRICIA L TURNER PRESIDENT AND DIRECTOR 0 750966 0 845 0 276 0 176155 0 1341 0 929583 0 0 SHANE R HOLLET FOUNDATION EXECUTIVE DIRECTOR 0 271329 0 799 0 618 0 219945 0 20951 0 513642 0 0 GAY L VINCENT CFO 0 607211 0 1114 0 1524 0 -202968 0 37690 0 444571 0 0 PART I, LINE 3 AMERICAN COLLEGE OF SURGEONS HAS AN EXECUTIVE COMPENSATION COMMITTEE AS A SUBCOMMITTEE TO THE FINANCE COMMITTEE. THE COMMITTEE IS COMPRISED OF THE BOARD OF REGENTS CHAIR, BOARD OF REGENTS TREASURER, BOARD OF GOVERNORS SECRETARY, AND A MEMBER OF THE FINANCE COMMITTEE. THE EXECUTIVE COMPENSATION COMMITTEE'S PURPOSE IS AS FOLLOWS: TO ESTABLISH PROCEDURES TO CREATE A "REBUTTABLE PRESUMPTION OF REASONABLENESS" IN CONNECTION WITH IRS INTERMEDIATE SANCTIONS REGULATIONS. RESPONSIBILITIES ARE TO ENSURE THAT COMPENSATION FOR EACH EXECUTIVE IS REASONABLE. HUMAN RESOURCES PROVIDES COMPARABILITY DATA TO THE COMMITTEE IN THE FORM OF SURVEYS, OTHER SIMILAR ORGANIZATIONS, GEOGRAPHICAL COMPARISONS, AND ACTUAL WRITTEN OFFERS FROM SIMILAR INSTITUTIONS FOR THE SERVICES OF AN EXECUTIVE. THE COMMITTEE DOCUMENTS THE BASIS FOR ALL COMPENSATION DETERMINATIONS. FORM 990, PART VI, SECTION B, LINE 11B THE 990 FORMS ARE COMPLETED BY THE ACS ACCOUNTING DEPARTMENT AND REVIEWED BY OUTSIDE TAX PROFESSIONALS. ONCE OUTSIDE TAX PROFESSIONALS REVIEW AND RECOMMEND CHANGES, THE ACCOUNTING DEPARTMENT FINALIZES THE 990 FORMS. THE ACS CFO REVIEWS AND SIGNS THE FORMS AND THE ACS ACCOUNTING DEPARTMENT PROVIDES A COPY OF THE RETURN TO THE BOARD OF DIRECTORS. THE ACS ACCOUNTING DEPARTMENT THEN FILES THE RETURN WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE COLLEGE HAS CONFLICT OF INTEREST POLICIES FOR EMPLOYEES, CONSULTANTS, AND BOARD MEMBERS. ALL EMPLOYEES, CONSULTANTS, AND BOARD MEMBERS ARE REQUIRED TO SIGN A DISCLOSURE STATEMENT EACH YEAR, WHICH IS COLLECTED AND DISSEMINATED BY THE CHIEF FINANCIAL OFFICER'S OFFICE. THERE IS ALSO AN ACS CONFLICTS OF INTEREST COMMITTEE THAT MEETS PERIODICALLY AS THE NEED ARISES TO DISCUSS ISSUES THAT RELATE TO CONFLICTS OF INTEREST. THE COMMITTEE ACCOUNTS FOR THE RECEIPT OF DISCLOSURE STATEMENTS AND FOLLOWS UP ON ANY ISSUES. THIS INFORMATION IS THEN REPORTED TO THE ACS FINANCE COMMITTEE OF THE BOARD OF REGENTS. IF THE ACS FINANCE COMMITTEE FEELS THERE ARE CONFLICTS THAT ARE QUESTIONABLE IN NATURE, THEY ARE REPORTED TO THE ACS BOARD OF REGENTS CHAIR AND TREASURER FOR ACTION. THE BOARD OF REGENTS EXECUTIVE COMMITTEE SHALL TAKE ACTION ON ANY PRESUMED OR POTENTIAL VIOLATION OF THIS POLICY BY A MEMBER OF LEADERSHIP TO ENSURE THAT A CONFLICT OF INTEREST DOES NOT ARISE OR DOES NOT CONTINUE. IN ADDITION TO ANY LEGAL PENALTIES, SUCH ACTION MAY INCLUDE, BUT SHALL NOT BE LIMITED TO, ORAL ADMONISHMENT, WRITTEN REPRIMAND, RESIGNATION, AND RESTITUTION. A MEMBER OF LEADERSHIP WHO DISAGREES WITH THE FINDINGS OR RECOMMENDATIONS OF THE FINANCE COMMITTEE OR THE ACTION OF THE BOARD OF REGENTS EXECUTIVE COMMITTEE MAY APPEAL THE DECISION TO THE BOARD OF REGENTS. FORM 990, PART VI, SECTION C, LINE 19 NO DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC. FORM 990, PART VII, RELATED ORGANIZATION COMPENSATION SHERRY M. WREN AND HILARY A. SANFEY, BOARD MEMBERS OF THE AMERICAN COLLEGE OF SURGEONS FOUNDATION, PROVIDED INDEPENDENT CONTACTOR SERVICES TO THE AMERICAN COLLEGE OF SURGEONS. THE INDEPENDENT CONTRACTOR SERVICE WITH THE BOARD MEMBER WAS CONDUCTED AT ARM'S LENGTH AND FAIR MARKET VALUE. AMERICAN COLLEGE OF SURGEONS 633 N SAINT CLAIR ST CHICAGO IL 60611 362192800 IMPROVE SURGERY CARE IL 501(C)(3) LINE 10 N/A 0 AMERICAN COLLEGE OF SURGEONS PROFESSIONAL ASSOCIATION 633 N SAINT CLAIR ST CHICAGO IL 60611 300079883 EDUCATION IN SURGERY IL 501(C)(6) ACS 0 ACSPA SURGEONS PAC 633 N SAINT CLAIR ST CHICAGO IL 60611 141849039 POLITICAL ACTION IL 527 ACSPA 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0