2016-04-14T18:51:42-05:00 2015-08-31 410746749 CLIFTONLARSONALLEN LLP 4250 N FAIRFAX DRIVE SUITE 1020 ARLINGTON VA 22203 990 2014-09-01 366000057 AMERICAN BOARD OF ORTHOPAEDIC SURGERY AMER 9199297103 400 SILVER CEDAR COURT CHAPEL HILL NC 27514 AARON WHITE COO 9199297103 2016-04-07 1 DAVID TRIMNER P00444822 5712279500 2016-04-07 2014 2016-08-17 19:52:53Z AARON WHITE 400 SILVER CEDAR COURT CHAPEL HILL NC 27514 9139507 0 X WWW.ABOS.ORG X 1934 DE SERVE THE PUBLIC BY ESTABLISHING AND MAINTAINING HIGH STANDARDS FOR ORTHOPAEDIC SURGEONS AND ASSESSING THESE SURGEONS THROUGH EXAMINATION AND CONTINUED CERTIFICATION ACTIVITIES. 19 19 12 338 0 0 0 0 6803211 7024920 1213387 1073231 197396 159044 8213994 8257195 302153 40640 0 0 1775497 2049882 0 0 0 5063206 5107024 7140856 7197546 1073138 1059649 33952665 33345164 2427121 1938973 31525544 31406191 TO ENSURE SAFE, ETHICAL, AND EFFECTIVE PRACTICE OF ORTHOPAEDIC SURGERY, THE ABOS MAINTAINS THE HIGHEST STANDARDS FOR EDUCATION, PRACTICE AND CONDUCT THROUGH EXAMINATION, CERTIFICATION, AND MAINTENANCE OF CERTIFICATION FOR THE BENEFIT OF THE PUBLIC. 0 0 INITIAL CERTIFICATION OF ORTHOPAEDIC SURGEONSEDUCATIONAL REQUIREMENTS, PEER REVIEW, A WRITTEN EXAM, AND AN ORAL EXAM ARE REQUIRED TO BECOME BOARD CERTIFIED. THERE WERE 713 NEW ORTHOPAEDIC SURGEONS CERTIFIED IN THE FISCAL YEAR ENDED IN 2015. CANDIDATES WHO PASS THE CERTIFICATION REQUIREMENTS BECOME A "DIPLOMATE" OF THE ORGANIZATION FOR 10 YEARS. THE ORGANIZATION HAS A TOTAL 28,599 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 2,739 DIPLOMATES TO RECERTIFY IN THE FISCAL YEAR ENDING IN 2015. SUBSPECIALTY CERTIFICATION:CERTIFICATION OF SPORTS AND HAND SUB-SPECIALTY CERTIFICATES AFTER INITIAL CERTIFICATION IS COMPLETE. 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 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 164 0 12 1 0 0 0 0 0 0 X 19 19 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 1 1 0 X KATHY CLARK CONTROLLER 9199297103 400 SILVER CEDAR COURT CHAPEL HILL NC 27514 DAVID F MARTIN MD DIRECTOR 2.00 X 2026 0 0 TERRY THOMPSON MD DIRECTOR 2.00 X 0 0 0 JUDITH BAUMHAUER MD PRESIDENT 2.00 X X 1952 0 0 MICHELLE JAMES MD VICE PRESIDENT 2.00 X X 1327 0 0 SANFORD EMERY MD MBA TREASURER 2.00 X X 2521 0 0 STEPHEN A ALBANESE MD DIRECTOR 2.00 X 2661 0 0 ANNUNZIATO AMENDOLA MD DIRECTOR 2.00 X 4559 0 0 JAMES E CARPENTER MD DIRECTOR 2.00 X 4062 0 0 J LAWRENCE MARSH MD DIRECTOR 2.00 X 0 0 0 REGIS J O'KEEFE MD DIRECTOR 2.00 X 2486 0 0 JAMES R ROBERSON MD DIRECTOR 2.00 X 2987 0 0 THOMAS P VAIL MD DIRECTOR 2.00 X 2240 0 0 JOHN H ERBLAND PUBLIC MEMBER DIRECTOR 2.00 X 1274 0 0 JEFFREY D ANGLEN MD SENIOR DIRECTOR 2.00 X 4139 0 0 MARYBETH EZAKI MD SENIOR DIRECTOR 2.00 X 0 0 0 RICK W WRIGHT DIRECTOR 2.00 X 0 0 0 JAMES KASSER MD SENIOR DIRECTOR 2.00 X 1997 0 0 DOUGLAS LUNDY MD DIRECTOR 2.00 X 2449 0 0 JOHN SEILER MD SENIOR DIRECTOR 2.00 X 0 0 0 PETER MURRAY MD DIRECTOR ELECT 2.00 X 4934 0 0 TERRANCE PEABODY MD DIRECTOR ELECT 2.00 X 1953 0 0 CHARLES L SALTZMAN MD DIRECTOR 2.00 X 2963 0 0 SHEPARD HURWITZ MD ED EXECUTIVE DIRECTOR 40.00 X 452839 0 112059 AARON WHITE COO, TOP FINANCIAL OFFICER 40.00 X 16708 0 0 PATRICIA SCALF ADMINISTRATOR EXAMS ADM 35.00 X 120513 0 50834 636590 0 162893 2 0 1 0 NATIONAL BOARD OF MEDICAL EXAMINERS 3750 MARKET STREET PHILADELPHIA PA 19104 EXAM SERVICES 1044615 WEB DATA SOLUTIONS 930 YORK ROAD SUITE 102 HINSDALE IL 60521 IT SERVICES 876646 VEDDER PRICE 222 NORTH LASALLE STREET CHICAGO IL 60601 LEGAL COUNSEL 148814 3 EXAMS AND APPLICATION 900099 7024920 7024920 7024920 950790 950790 159044 0 159044 159044 159044 1004753 882312 122441 122441 122441 8257195 7024920 0 1232275 40640 726957 855820 175500 205287 86318 148814 34071 133790 370579 225193 226253 62320 729577 354715 86758 NBME CONTRACT 1044614 SCRIBE SUPPORT 506067 SITE EXPENSE 391926 EXAMINERS 380042 412305 7197546 1755864 1706654 556207 1011009 49666 56599 660210 396337 4978527 3053911 2051486 1924616 28757101 28113582 122131 136367 33952665 33345164 1514637 972444 98744 98743 675515 718650 138225 149136 2427121 1938973 X 31525544 31406191 31525544 31406191 33952665 33345164 1059649 -1179002 0 X 0 1 X 1 0 235412 235412 2457347 1527162 930185 962235 680798 281437 1323533 845951 477582 1924616 DEPOSITS 12769 DEFERRED COMPENSATION 136367 149136 X 11646403 -1179002 4702000 3522998 8123405 133790 133790 8257195 11765756 4702000 4702000 7063756 133790 133790 7197546 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 XII, LINE 4B - OTHER ADJUSTMENTS: INVESTMENT FEES EXPENSES 133,790. 1 AMERICAN BOARD OF MEDICAL SPECIALTIES 353 N CLARK ST SUITE 1400 CHICAGO IL 60654 410847713 501(C)(6) 12500 N/A N/A VISITING SCHOLAR PROGRAM RESEARCH PROJECT. PART I, LINE 2: THE BOARD OF DIRECTORS DECIDED WHICH PROPOSAL WOULD RECEIVE RESEARCH GRANTS UP TO A MAXIMUM OF $25,000 BASED ON THE ORTHOPAEDIC RESEARCH STATED IN THE PROPOSAL. THESE ARE ONE TIME GRANTS THAT ARE PAID TO THE RESEARCH INSTITUTION WITH AN INITIAL DEPOSIT AND A FINAL PAYMENT UPON RECEIVING THE COMPLETED RESEARCH DOCUMENTS. X X X 1 1 X X X X X 0 0 0 SHEPARD HURWITZ MD ED EXECUTIVE DIRECTOR 423563 0 5000 0 24276 0 60250 0 51809 0 564898 0 0 0 PATRICIA SCALF ADMINISTRATOR EXAMS ADM 117767 0 1855 0 891 0 29875 0 20959 0 171347 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 FORM 990, PART VI, SECTION B, LINES 13 AND 14 THE ORGANIZATION IS CURRENTLY DEVELOPING AND ADOPTING A WHISTLEBLOWER POLICY AND A DOCUMENT RETENTION AND DESTRUCTION POLICY. 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 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 SEPTEMBER, 2014 FOR THE EXECUTIVE DIRECTOR, S. HURWITZ. 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 SEPTEMBER, 2014. 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.