2017-04-18T13:09:47-05:00 2016-08-31 410746749 CLIFTONLARSONALLEN LLP 901 N GLEBE ROAD SUITE 200 ARLINGTON VA 22203 990 2015-09-01 366000057 AMERICAN BOARD OF ORTHOPAEDIC SURGERY AMER 9199297103 400 SILVER CEDAR COURT NO 1100 CHAPEL HILL NC 27514 AARON WHITE CHIEF OPERATING OFFICER 9199297103 2017-04-18 1 DAVID TRIMNER CPA P00444822 5712279500 2015 2021-01-29 14:40:06Z AARON WHITE 400 SILVER CEDAR COURT NO 1100 CHAPEL HILL NC 27514 8837469 0 X WWW.ABOS.ORG X 1934 DE ENSURE SAFE, ETHICAL & EFFECTIVE PRACTICE OF ORTHOPAEDIC SURGERY THRU STANDARDS OF EDU. & EXAM. 18 18 13 300 0 0 0 0 7024920 7199538 1073231 1097891 159044 39795 8257195 8337224 40640 0 0 0 2049882 2521105 0 0 0 5107024 5118554 7197546 7639659 1059649 697565 33345164 37153922 1938973 3092126 31406191 34061796 TO SERVE THE BEST INTERESTS OF THE PUBLIC AND OF THE MEDICAL PROFESSION BY ESTABLISHING EDUCATIONAL STANDARDS FOR ORTHOPAEDIC RESIDENTS AND BY EVALUATING THE INITIAL AND CONTINUING QUALIFICATIONS AND COMPETENCE OF ORTHOPAEDIC SURGEONS. 0 0 INITIAL CERTIFICATION OF ORTHOPAEDIC SURGEONS:EDUCATIONAL REQUIREMENTS, PEER REVIEW, A WRITTEN EXAM, AND AN ORAL EXAM ARE REQUIRED TO BECOME BOARD CERTIFIED. THERE WERE 700 NEW ORTHOPAEDIC SURGEONS CERTIFIED IN THE FISCAL YEAR ENDED IN 2016. CANDIDATES WHO PASS THE CERTIFICATION REQUIREMENTS BECOME A "DIPLOMATE" OF THE ORGANIZATION FOR 10 YEARS. THE ORGANIZATION HAS A TOTAL 28,416 DIPLOMATES DURING THE MOST RECENTLY COMPLETED FISCAL YEAR. RECERTIFICATION OF SUB-SPECIALTY SPORTS AND HAND EVERY TEN YEARS:EVERY 10 YEARS DIPLOMATES MUST MEET ADDITIONAL EDUCATIONAL REQUIREMENTS, PEER REVIEW, AND AN EXAM TO RECERTIFY. THERE WERE 1,579 DIPLOMATES TO RECERTIFY IN THE FISCAL YEAR ENDING IN 2016. SUBSPECIALTY CERTIFICATION:CERTIFICATION OF SPORTS AND HAND SUB-SPECIALTY CERTIFICATES AFTER INITIAL CERTIFICATION IS COMPLETE. SPORTS SUBSPECIALTY CERTIFICATES 88. HAND SUBSPECIALITY CERTIFICATES 79. 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 73 0 13 1 0 0 0 0 0 0 X 18 18 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 1 1 0 X KATHY CLARK CONTROLLER 9199297103 400 SILVER CEDAR COURT SUITE 1000 CHAPEL HILL NC 27514 SANFORD EMERY MD MBA PRESIDENT 2.00 X X 2414 0 0 J LAWRENCE MARSH MD PRESIDENT-ELECT 2.00 X X 1532 0 0 ANNUNZIATO AMENDOLA MD VICE PRESIDENT 2.00 X X 2609 0 0 THOMAS P VAIL MD SECRETARY 2.00 X X 1208 0 0 JAMES E CARPENTER MD TREASURER 2.00 X X 3050 0 0 DAVID F MARTIN MD SENIOR DIRECTOR 2.00 X 2243 0 0 STEPHEN A ALBANESE MD SENIOR DIRECTOR 2.00 X 2929 0 0 TERRY THOMPSON MD SENIOR DIRECTOR 2.00 X 0 0 0 JUDITH BAUMHAUER MD SENIOR DIRECTOR 2.00 X 1306 0 0 MICHELLE JAMES MD SENIOR DIRECTOR 2.00 X 659 0 0 REGIS J O'KEEFE MD SENIOR DIRECTOR 2.00 X 2590 0 0 JAMES R ROBERSON MD DIRECTOR 2.00 X 1263 0 0 RICK W WRIGHT DIRECTOR 2.00 X 1553 0 0 DOUGLAS LUNDY MD DIRECTOR 2.00 X 0 0 0 PETER MURRAY MD DIRECTOR 2.00 X 2942 0 0 TERRANCE PEABODY MD DIRECTOR 2.00 X 1605 0 0 CHARLES L SALTZMAN MD DIRECTOR 2.00 X 1360 0 0 MICHAEL S BEDNAR MD DIRECTOR-ELECT 2.00 X 1013 0 0 JOHN M FLYNN MD DIRECTOR-ELECT 2.00 X 1547 0 0 JACK B EVANS PUBLIC MEMBER DIRECTOR 2.00 X 1182 0 0 SHEPARD HURWITZ MD ED EXECUTIVE DIRECTOR 40.00 X 499577 0 105980 AARON WHITE COO CHIEF OPERATING OFFICER 40.00 X 205586 0 68641 PARTICIA SCALF ADMINISTRATOR EXAMS ADMIN 35.00 X 133707 0 54311 KATHY CLARK CONTROLLER 35.00 X 105451 0 59510 977326 0 288442 4 0 1 0 WEB DATA SOLUTIONS 930 YORK ROAD SUITE 102 HINSDALE IL 60521 IT SUPPORT AND DESIGN 950206 NBME 3750 MARKET STREET PHILADELPHIA PA 19104 TEST DEVELOPMENT 923331 VEDDER PRICE 222 NORTH LASALLE STREET CHICAGO IL 60601 LEGAL COUNSEL 224181 ABMS 222 N LASALLE STREET SUITE 1500 CHICAGO IL 60601 MEMBER BOARD 196209 4 EXAMS AND APPLICATION 900099 7199538 7199538 7199538 536632 536632 155645 115850 39795 39795 39795 945654 384395 561259 561259 561259 8337224 7199538 0 1137686 855328 1124543 194686 253393 93155 224181 35553 108586 583363 1020 247457 115837 166742 806912 341419 93882 NBME CONTRACT 923331 SCRIBE SUPPORT 426902 SITE EXPENSE 358945 EXAMINERS 342858 341566 7639659 1706654 2586180 1011009 683783 56599 80176 396337 445865 5154965 3322774 1924616 1832191 28113582 31370739 136367 154988 33345164 37153922 972444 2094445 98743 20325 718650 809599 149136 167757 1938973 3092126 X 31406191 34061796 31406191 34061796 33345164 37153922 697565 1958039 0 X 0 1 X 1 0 235412 235412 2470660 1608698 861962 895019 736197 158822 1553874 977879 575995 1832191 DEPOSITS 12769 DEFERRED COMPENSATION 154988 167757 X 14858527 1958039 4556000 6514039 8344488 108586 -115850 -7264 8337224 12202922 4556000 115850 4671850 7531072 108586 108586 7639658 PART X, LINE 2: THE ORGANIZATION ADOPTED A POLICY THAT CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN AN ENTITY'S FINANCIAL STATEMENTS. THE POLICY PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT PRINCIPLES FOR THE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN ON A TAX RETURN THAT ARE NOT CERTAIN TO BE RECOGNIZED. THE IMPLEMENTATION OF THIS POLICY HAD NO IMPACT ON THE ORGANIZATION'S FINANCIAL STATEMENTS. PART XI, LINE 4B - OTHER ADJUSTMENTS: RENTAL EXPENSES -115,850. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 115,850. X X X 1 1 X X X X X X 0 0 0 SHEPARD HURWITZ MD ED EXECUTIVE DIRECTOR 484573 0 12500 0 2504 0 61250 0 44730 0 605557 0 0 0 AARON WHITE COO CHIEF OPERATING OFFICER 192400 0 11261 0 1925 0 50600 0 18041 0 274227 0 0 0 PARTICIA SCALF ADMINISTRATOR EXAMS ADMIN 120000 0 12677 0 1030 0 30250 0 24061 0 188018 0 0 0 KATHY CLARK CONTROLLER 102458 0 2993 0 0 0 25740 0 33770 0 164961 0 0 0 PART I, LINE 1A MEMBERS OF THE GOVERNING BODY HAVE THE ABILITY TO INCLUDE A SPOUSE TO TRAVEL WITH THEM FOR VARIOUS ORGANIZATION BUSINESS. THESE AMOUNTS ARE DEEMED GROSS-UP PAYMENTS AND INCLUDED IN THE TAXABLE INCOME OF THE APPROPRIATE INDIVIDUALS. IN ADDITION, THE ORGANIZATION MAY HAVE INSTANCES WHEN FIRST-CLASS TRAVEL IS NECESSARY FOR CONDUCTING ORGANIZATION BUSINESS. FORM 990, PART VI, SECTION A, LINE 1 THE EXECUTIVE COMMITTEE CONSISTS OF THE FOLLOWING BOARD MEMBERS: THE PRESIDENT AS CHAIR, THE IMMEDIATE PAST-PRESIDENT, PRESIDENT-ELECT, SECRETARY, AND TREASURER. THE EXECUTIVE DIRECTOR SERVES AS AN EX-OFFICIO MEMBER WITHOUT VOTE. THE EXECUTIVE COMMITTEE HAS THE AUTHORITY TO CARRY OUT THE BUSINESS AND FUNCTIONS OF THE ORGANIZATION BETWEEN MEETINGS OF THE BOARD AND REPORTS ANY SUCH ACTIONS TO THE BOARD FOR RATIFICATION. FORM 990, PART VI, SECTION B, LINE 11 THE ORGANIZATION CONTRACTS WITH A PUBLIC ACCOUNTING FIRM TO PREPARE THE FORM 990 BASED ON INFORMATION OBTAINED FROM MANAGEMENT AND DURING THE FINANCIAL AUDIT. ONCE THE DRAFT IS AVAILABLE, IT IS REVIEWED BY MANAGEMENT AND THE AUDIT COMMITTEE. THE FORM 990 IS THEN PROVIDED TO THE GOVERNING BODY PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C ALL AMERICAN BOARD OF ORTHOPAEDIC SURGERY (ABOS) DIRECTORS, EXECUTIVE DIRECTOR AND CHIEF OPERATING OFFICER ARE COVERED BY CONFLICT OF INTEREST POLICY. THE EXECUTIVE DIRECTOR AND THE EXECUTIVE COMMITTEE REVIEW THE FORMS. EACH DIRECTOR AND THE TWO EXECUTIVES MUST FILL OUT A FORM ANNUALLY, AND ARE OBLIGED TO REPORT SIGNIFICANT CHANGES TO THE ABOS STAFF IN WRITING. THE FORMS ARE STORED ON A PASSWORD PROTECTED LOCATION ON THE ABOS WEBSITE THAT IS AVAILABLE FOR ALL THE DIRECTORS. THE PERSON WHO IS CONFLICTED IS EXCUSED FROM DISCUSSION AND DECISIONS CONCERNING THE CONFLICTED PARTY. ANY CONFLICT WILL BE DOCUMENTED IN THE MEETING MINUTES OF THE FULL BOARD. FORM 990, PART VI, SECTION B, LINE 15 WITH THE HIRING OF THE EXECUTIVE DIRECTOR, AN OUTSIDE EMPLOYMENT AGENCY WAS UTILIZED FOR THE PROCESS. THE EXECUTIVE COMMITTEE OF THE ORGANIZATION DETERMINES ANY COMPENSATION AND BONUS ADJUSTMENTS EACH YEAR BASED ON PERFORMANCE AND OTHER BENCHMARKING. THE PROCESS WAS LAST UNDERTAKEN IN 2016. FOR ALL OTHER EMPLOYEES, THE EXECUTIVE DIRECTOR DETERMINES THE COMPENSATION LEVEL BASED ON COMPARABILITY DATA AND CURRENT PERFORMANCE. THIS PROCESS WAS ALSO LAST UNDERTAKEN IN 2016. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.