2018-11-14T16:28:57-06:00 2017-12-31 410746749 CLIFTONLARSONALLEN LLP 1301 W 22ND ST STE 1100 OAK BROOK IL 60523 990 2017-01-01 362110592 AMERICAN ACADEMY OF ORTHOPAEDIC SURGEONS AMER 8478237186 9400 W HIGGINS ROAD NO 500 ROSEMONT IL 600184976 THOMAS E AREND JR CHIEF EXECUTIVE OFFICER 8478237186 2018-11-12 1 MICHAEL STEPHENS P01302903 6305738600 2018-11-12 67.137.57.251 2018-11-12 10:13:12 CS P 4F402DDF36D721BD6AB3A2CA290BB815499705B6 B78854EE20A5AAAEA57700933C1E697C4E2B71FA 2017 2019-02-21 02:37:17Z THOMAS E AREND JR 9400 W HIGGINS ROAD NO 500 ROSEMONT IL 600184976 62833353 0 X WWW.AAOS.ORG X 1948 IL SERVING OUR PROFESSIONALS TO PROVIDE THE HIGHEST QUALITY MUSCULOSKELETAL CARE. 16 13 288 3987 1533359 301387 15344786 18315371 22382535 22992245 2795915 2040485 3250684 3509683 43773920 46857784 499816 388305 0 0 21712881 23842502 0 0 45156 20267088 19395371 42479785 43626178 1294135 3231606 111758394 122275803 21639268 21732346 90119126 100543457 X SERVING OUR PROFESSIONALS TO PROVIDE THE HIGHEST QUALITY MUSCULOSKELETAL CARE. 0 0 8825458 16377766 ANNUAL MEETING - PRESENTATION OF LECTURES AND SYMPOSIA ON ORTHOPAEDIC SURGERY AND RELATED TOPICS. 2017 ATTENDANCE: 25,716. 2727499 2205422 COURSE EDUCATION - COURSES PROVIDED TO ORTHOPAEDIC PROFESSIONALS TO KEEP THEM ABREAST OF THE LATEST ADVANCES IN ORTHOPAEDIC SURGERY AND CARE AND TO PROVIDE CME. 22 COURSES AND 26 WEBINARS OFFERED IN 2017. 3094995 2166136 SPECIALTY SOCIETY MANAGEMENT - PROVIDE MEETING MANAGEMENT SERVICES FOR ORTHOPAEDIC SPECIALTY SOCIETIES AND PROMOTE ORTHOPAEDIC UNITY AMONG 14 SPECIALTY SOCIETIES. 15700857 388305 559027 OTHER PROGRAM SERVICES - INCLUDING PUBLIC RELATIONS, BOARD OF COUNCILORS, ADVOCACY, EDUCATION PROGRAMS, INTERNATIONAL ACTIVITIES, AND RESEARCH AND SCIENTIFIC AFFAIRS. 15700857 388305 559027 30348809 1 1 0 1 0 0 0 0 0 1 1 1 0 0 0 1 0 1 0 0 1 0 1 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 1 167 0 288 1 1 1 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 TINA SLAGER DIRECTOR OF FINANCE 8478237186 9400 W HIGGINS ROAD ROSEMONT IL 600184976 WILLIAM J MALONEY MD PRESIDENT 7.50 7.50 X X 119261 0 0 DAVID A HALSEY MD FIRST VICE-PRESIDENT 5.00 5.00 X X 83279 0 0 KRISTY L WEBER MD SECOND VICE-PRESIDENT 5.00 5.00 X X 36667 0 0 M BRADFORD HENLEY MD TREASURER 1.50 1.50 X X 1976 0 0 GERALD R WILLIAMS JR MD PAST PRESIDENT 2.50 2.50 X X 53509 0 0 DANIEL K GUY MD BOC CHAIR 1.00 1.00 X 2824 0 0 BASIL R BESH MD BOC CHAIR-ELECT 1.00 1.00 X 568 0 0 ROBERT M ORFALY MD BOC SECRETARY 1.00 1.00 X 313 0 0 LISA K CANNADA MD BOS CHAIR 1.00 1.00 X 372 0 0 AMY L LADD MD BOS CHAIR-ELECT 1.00 1.00 X 0 0 0 DIRK H ALANDER MD BOS SECRETARY 1.00 1.00 X 611 0 0 JACOB M BUCHOWSKI MD MS MEMBER AT LARGE 1.00 1.00 X 0 0 0 RONALD A NAVARRO MD MEMBER AT LARGE 1.00 1.00 X 807 0 0 ROBERT H BROPHY MD MEMBER AT LARGE 1.00 1.00 X 0 0 0 BRIAN J GALINAT MD MEMBER AT LARGE 1.00 1.00 X 3150 0 0 JAMES J BALASCHAK LAY MEMBER 1.00 1.00 X 1147 0 0 THOMAS E AREND JR CHIEF EXECUTIVE OFFICER 40.00 40.00 X 484390 0 55635 KAREN L HACKETT CEO (FORMER) 40.00 40.00 X 394938 0 12008 RICHARD PETERSON GENERAL COUNSEL (FORMER) 30.00 30.00 X 379871 0 18192 RICHARD J STEWART COO/CFO (FORMER) 30.00 30.00 X 369791 0 41602 WILLIAM O SHAFFER MEDICAL DIRECTOR 5.00 45.00 X 358456 0 24933 ELLEN C MOORE CHIEF EDUCATION OFFICER 30.00 30.00 X 291214 0 21503 KONSTANTINOS T DAMALAS CHIEF OPERATING OFFICER 30.00 30.00 X 238650 0 28767 JENNIFER WOLFF JONES CHIEF MEMBERSHIP OFFICER 30.00 30.00 X 177814 0 35582 LAURA F ABRAHAMS CHIEF HUMAN RESOURCE OFFICER 45.00 5.00 X 175709 0 39673 WILLIAM C BRUCE CHIEF TECHNOLOGY OFFICER 30.00 30.00 X 133176 0 17752 GRAHAM H NEWSON DIRECTOR OF GOVERNMENT RELATIONS 5.00 45.00 X 242421 0 41269 SUSAN A MCSORLEY DIRECTOR OF CONVENTION AND MEETING SVCS 45.00 5.00 X 207102 0 41083 MELISSA A YOUNG GENERAL COUNSEL 30.00 30.00 X 204592 0 42305 HANS J KOELSCH DIRECTOR OF PUBLICATIONS 40.00 10.00 X 198340 0 37173 TINA D SLAGER DIRECTOR OF FINANCE 30.00 30.00 X 186844 0 29338 DEBORAH S CUMMINS DIRECTOR OF RESEARCH 40.00 10.00 X 176556 0 34970 JUDITH A BUCKALEW SR MGR REGULATORY & GOVT RELATIONS 5.00 45.00 X 153023 0 24177 MELISSA H LEEB DIRECTOR OF COMMUNICATIONS 45.00 5.00 X 148157 0 37229 JULIA M WILLIAMS SR MANAGER GOVT RELATIONS 5.00 45.00 X 146392 0 24009 DONNA M RAASCH-DILLON DIRECTOR OF FACILITIES 45.00 5.00 X 143738 0 36738 5115658 0 643938 54 0 1 0 ALLIED PRA SOUTHERN CALIFORNIA INC 2456 BROADWAY SAN DIEGO CA 92102 TRANSPORTATION 595737 YOUR MEMBERSHIPCOM INC PO BOX 123461 DALLAS TX 75312 SOFTWARE DEVELOPMENT 590449 FREEMAN PO BOX 650036 DALLAS TX 752650036 MEETING MANAGEMENT 498641 BAY STATE HEALTH CONSULTANTS 1692 BULLOCK CIRCLE OWINGS MILLS MD 21117 EDITING SERVICES 267567 SMART CITY NETWORKS 5795 W BADURA AVE LAS VEGAS NV 89118 INTERNET PROVIDER 247181 21 14550000 99915 3665456 18315371 ANNUAL MEETING 541900 17071401 16377766 693635 COURSE EDUCATION 541900 2205422 2205422 SPECIALTY SOCIETY MANAGEMENT 541900 2166136 2166136 PUBLICATIONS AND OTHER 541900 1006618 838223 168395 RENTAL INCOME FROM ORTHOPAEDIC SO 541900 542668 542668 22992245 1857998 1857998 3971366 671329 3300037 8445338 8262851 182487 182487 182487 7251035 7712718 -461683 -461683 46857784 21308351 1533359 5700703 325939 325939 62366 62366 4220146 1027697 3192449 13691706 9118960 4533049 39697 1373202 934139 439063 3357986 2460202 897784 1199462 740575 457363 1524 200034 140590 59444 113367 79784 33583 179343 179343 2441445 1919709 517801 3935 467784 467634 150 258141 179077 79064 1052097 795023 257074 3256459 2176517 1079942 2484248 1753979 730269 4559024 4361629 197395 1304497 920413 384084 222234 161213 61021 EQUIPMENT RENTAL 2557773 2483800 73973 UNRELATED BUSINESS INCO 92589 54882 37707 206336 184681 21655 43626178 30348809 13232213 45156 10240883 12345572 4307217 2925200 4018355 4223514 622769 467200 3391632 2667534 17897782 10399747 6764489 7498035 65431736 74162987 16821852 17436789 159461 548972 111758394 122275803 10742525 9320570 10896743 12411776 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5999492 7498035 INVESTMENT IN ORTHO PROPERTIES, LLC 15950417 C INVESTMENT IN LINEAGE MEDICAL 250000 C INVESTMENT IN BLACKSTONE RE INCOME FUND I 513239 F INVESTMENT IN SKYBRIDGE MUL-AD SER G 445090 F INVESTMENT IN VINTAGE VII 238693 F INVESTMENT IN PRIVATE EQUITY MANAGERS 39350 F 17436789 X PART V, LINE 4: THE PURPOSE OF THE ENDOWMENT FUND IS TO FINANCE ORTHOPAEDIC MEDICAL EDUCATION. UP TO 5% OF THIS FUND CAN BE USED ANNUALLY TO PROVIDE DISCRETIONARY PROJECT FUNDS FOR THE COUNCIL ON EDUCATION AND THE COUNCIL ON RESEARCH AND QUALITY. ADDITIONALLY, IT IS USED TO FUND QUALITY INITIATIVE PROJECTS. 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, 2017. 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 EAST ASIA AND THE PACIFIC 0 0 GRANTS TO RECIPIENTS LOCATED IN THE REGION GRANTS AND SCHOLARSHIPS 4100 EUROPE 0 0 GRANTS TO RECIPIENTS LOCATED IN THE REGION GRANTS AND SCHOLARSHIPS 5596 SOUTH AMERICA 0 0 GRANTS TO RECIPIENTS LOCATED IN THE REGION GRANTS AND SCHOLARSHIPS 8000 SUB-SAHARAN AFRICA 0 0 GRANTS TO RECIPIENTS LOCATED IN THE REGION GRANTS AND SCHOLARSHIPS 20000 MIDDLE EAST AND NORTH AFRICA 0 0 GRANTS TO RECIPIENTS LOCATED IN THE REGION GRANTS AND SCHOLARSHIPS 8320 CENTRAL AMERICA AND CARIBBEAN 0 0 GRANTS TO RECIPIENTS LOCATED IN THE REGION GRANTS AND SCHOLARSHIPS 2900 SOUTH ASIA 0 0 GRANTS TO RECIPIENTS LOCATED IN THE REGION GRANTS AND SCHOLARSHIPS 8450 0 0 0 0 0 0 57366 0 57366 SCHOLARSHIP EAST ASIA AND THE PACIFIC 1 4100 CASH SCHOLARSHIP MIDDLE EAST AND NORTH AFRICA 2 8320 CASH SCHOLARSHIP EUROPE (INCLUDING GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 2 5596 CASH SCHOLARSHIP SOUTH AMERICA - ARGENTINA, BOLIVIA, BRAZIL, CHILE, COLUMBIA, ECUADOR, 2 8000 CASH SCHOLARSHIP SUB-SAHARAN AFRICA - ANGOLA, BENIN, BOTSWANA, BURKINA FASO, 4 20000 CASH SCHOLARSHIP CENTRAL AMERICA AND CARIBBEAN 1 2900 CASH SCOLARSHIP SOUTH ASIA 2 8450 CASH 0 0 0 0 0 0 PART I, LINE 2: FOR SCHOLARSHIPS, THE ACADEMY PAYS MOST EXPENSES DIRECTLY FOR EACH RECIPIENT AND DISBURSES THE REMAINDER TO COVER TRAVEL EXPENSES PAID BY THE RECIPIENT UP TO $5,000 1 PEDIATRIC ORTHO SOC OF NO AMER 9400 W HIGGINS RD ROSEMONT IL 60018 541323281 501(C)(3) 46195 SPECIAL SOCIETY ASSISTANCE. AMERICAN SHOULDER AND ELBOW SURGEONS 9400 W HIGGINS RD ROSEMONT IL 60018 411474626 501(C)(6) 15000 SPECIAL SOCIETY ASSISTANCE. ORTHOPAEDIC TRAUMA ASSOCIATION 9400 W HIGGINS RD ROSEMONT IL 60018 680074461 501(C)(3) 37992 SPECIAL SOCIETY ASSISTANCE. MUSCULOSKELETAL TUMOR SOCIETY 9400 W HIGGINS RD ROSEMONT IL 60018 954480540 501(C)(3) 10400 SPECIAL SOCIETY ASSISTANCE. MUSCULOSKELTAL INFECTIONS SOCIETY PO BOX 91868 AUSTIN TX 787091868 550698887 501(C)(3) 10400 SPECIAL SOCIETY ASSISTANCE. AMERICAN JOINT REPLACEMENT REGISTRY 9400 W HIGGINS RD ROSEMONT IL 60018 270645591 501(C)(3) 50000 GENERAL SUPPORT THE PERRY INITIATIVE 450 STANYAN STREET SAN FRANCICSO CA 94117 273728166 501(C)(3) 20000 GENERAL SUPPORT SAN DIEGO YOUTH FOUNDATION 3255 WING STREET SAN DIEGO CA 92110 952648050 501(C)(3) 5000 GENERAL SUPPORT TEXAS ORTHO ASSOC 401 WEST 15TH STE 820 AUSTIN TX 78701 742410142 501(C)(6) 6500 STATE SOCIETY ASSISTANCE ORTHOPAEDIC LEARNING CENTER 9400 W HIGGINS RD ROSEMONT IL 60018 363999836 501(C)(3) 15026 GENERAL SUPPORT UNITED STATES BONE AND JOINT INITIATIVE 9400 W HIGGINS RD ROSEMONT IL 60018 134223933 501(C)(3) 80718 GENERAL SUPPORT 9 2 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 X 1 1 X X X 0 1 0 0 0 0 0 0 0 THOMAS E AREND JR CHIEF EXECUTIVE OFFICER 482052 0 0 0 2338 0 40550 0 15085 0 540025 0 0 0 KAREN L HACKETT CEO (FORMER) 292189 0 100000 0 2749 0 6716 0 5292 0 406946 0 0 0 RICHARD PETERSON GENERAL COUNSEL (FORMER) 212343 0 166142 0 1386 0 9198 0 8994 0 398063 0 0 0 RICHARD J STEWART COO/CFO (FORMER) 366419 0 0 0 3372 0 23458 0 18144 0 411393 0 0 0 WILLIAM O SHAFFER MEDICAL DIRECTOR 351370 0 0 0 7086 0 24933 0 0 0 383389 0 0 0 ELLEN C MOORE CHIEF EDUCATION OFFICER 287994 0 0 0 3220 0 11461 0 10042 0 312717 0 0 0 KONSTANTINOS T DAMALAS CHIEF OPERATING OFFICER 227538 0 10000 0 1112 0 14625 0 14142 0 267417 0 0 0 JENNIFER WOLFF JONES CHIEF MEMBERSHIP OFFICER 177242 0 0 0 572 0 17438 0 18144 0 213396 0 0 0 LAURA F ABRAHAMS CHIEF HUMAN RESOURCE OFFICER 175153 0 0 0 556 0 17045 0 22628 0 215382 0 0 0 WILLIAM C BRUCE CHIEF TECHNOLOGY OFFICER 132163 0 0 0 1013 0 6438 0 11314 0 150928 0 0 0 GRAHAM H NEWSON DIRECTOR OF GOVERNMENT RELATIONS 239649 0 0 0 2772 0 23125 0 18144 0 283690 0 0 0 SUSAN A MCSORLEY DIRECTOR OF CONVENTION AND MEETING S 205296 0 0 0 1806 0 19950 0 21133 0 248185 0 0 0 MELISSA A YOUNG GENERAL COUNSEL 203797 0 0 0 795 0 19677 0 22628 0 246897 0 0 0 HANS J KOELSCH DIRECTOR OF PUBLICATIONS 196534 0 0 0 1806 0 19029 0 18144 0 235513 0 0 0 TINA D SLAGER DIRECTOR OF FINANCE 183798 0 500 0 2546 0 17801 0 11537 0 216182 0 0 0 DEBORAH S CUMMINS DIRECTOR OF RESEARCH 171908 0 0 0 4648 0 16826 0 18144 0 211526 0 0 0 JUDITH A BUCKALEW SR MGR REGULATORY & GOVT RELATIONS 146892 0 0 0 6131 0 14135 0 10042 0 177200 0 0 0 MELISSA H LEEB DIRECTOR OF COMMUNICATIONS 146826 0 0 0 1331 0 14601 0 22628 0 185386 0 0 0 JULIA M WILLIAMS SR MANAGER GOVT RELATIONS 145128 0 0 0 1264 0 13967 0 10042 0 170401 0 0 0 DONNA M RAASCH-DILLON DIRECTOR OF FACILITIES 143054 0 0 0 684 0 14110 0 22628 0 180476 0 0 0 PART I, LINE 1A AIRFARE ONE CLASS UP FROM COACH IS AVAILABLE TO THE PRESIDENTIAL LINE FOR ALL ACADEMY ACTIVITIES AND THE BOARD OF DIRECTORS FOR ALL BOARD-RELATED ACTIVITIES, AND 9 PEOPLE RECEIVED THIS BENEFIT IN 2017, WHICH IS NOT TREATED AS TAXABLE COMPENSATION. TRAVEL FOR COMPANIONS IS AVAILABLE TO THE BOARD OF DIRECTORS AND EXECUTIVE TEAM MEMBERS (CEO, COO/CFO, CHIEF TECHNOLOGY OFFICER, CHIEF EDUCATION OFFICER, MEDICAL DIRECTOR, AND GENERAL COUNSEL) AND THE AMOUNT OF COMPANION TRAVEL WAS TREATED AS TAXABLE COMPENSATION TO ALL WHO RECEIVED THIS BENEFIT (19 PEOPLE IN 2017). PART I, LINE 4B KAREN HACKETT, CHIEF EXECUTIVE OFFICER (FORMER), ACCRUED A 457F SUPPLEMENTAL RETIREMENT PAYMENT OF $6,000, WHICH IS INCLUDED IN SCHEDULE J, PART II DEFERRED COMPENSATION. FORM 990, PART VI, SECTION A, LINE 6 AS A MEMBERSHIP ASSOCIATION, THE ORGANIZATION CURRENTLY HAS 38,133 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 DESIGNATED POSITIONS WHICH INCLUDE OFFICERS AND KEY EMPLOYEES. AN EVALUATION PROCESS IS COMPLETED ANNUALLY AND A RECOMMENDATION IS MADE REGARDING COMPENSATION THAT IS SENT TO THE BOARD FOR APPROVAL. THIS PROCESS INCLUDES THE CHIEF EXECUTIVE OFFICER, CHIEF OPERATING OFFICER/CHIEF FINANCIAL OFFICER, CHIEF TECHNOLOGY OFFICER, CHIEF EDUCATION OFFICER, MEDICAL DIRECTOR, AND GENERAL COUNSEL. FOR ALL OTHER 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: GAIN ON ORTHO PROPERTIES LLC 281,752. 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. FORM 990, PART VII, SECTION A, COMPENSATION DISCLOSURES THE ACADEMY IS THE COMMON PAYMASTER FOR ITS OWN EMPLOYEES AS WELL AS THOSE OF ITS RELATED ORGANIZATION, AMERICAN ASSOCIATION FOR ORTHOPAEDIC SURGEONS (ASSOCIATION). AS SUCH, THE ACADEMY HAS FILED ALL APPROPRIATE TAX RETURNS AND ISSUED FORMS W-2 WITH RESPECT TO WAGES IT HAS PAID AS THE COMMON PAYMASTER. THE ASSOCIATION HAS REIMBURSED THE ACADEMY FOR ITS SHARE OF WAGES AND TAX PAYMENTS. 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 CENTER FOR ORTHOPAEDIC ADVANCEMENT NFP 9400 W HIGGINS ROAD ROSEMONT ID 60018 263164922 SUPPORT EDUCATIONAL ACTIVITIES OF AMERICAN ACADEMY OF ORTHOPAEDIC SURGEONS IL 501(C)(3) LINE 12B, II 0 ORTHO PROPERTIES LLC 9400 W HIGGINS ROAD ROSEMONT IL 60018 320402949 RENTAL IL AMERICAN ACADEMY OF ORTHOPAEDIC SURGEONS RELATED 3582157 33812073 0 1 0.66590 0 0 1 1 0 0 0 0 0 1 0 1 0 1 1 0 1 1 0 AMERICAN ASSOCIATION OF ORTHOPAEDIC SURGEONS C 14550000 COST AMERICAN ASSOCIATION OF ORTHOPAEDIC SURGEONS Q 4336894 COST ORTHO PROPERTIES LLC D 142892 COST ORTHO PROPERTIES LLC J 3425417 COST ORTHO PROPERTIES LLC R 1417308 COST