2012-11-14T07:26:57-06:00 2011-12-31 263753134 CBIZ TOFIAS 500 BOYLSTON STREET BOSTON MA 02116 990 2011-01-01 042104359 THE JOURNAL OF BONE AND JOINT SURGERY INC JOUR 7814499780 20 PICKERING STREET NEEDHAM MA 02492 PAUL SANDFORD 7814499780 2012-11-12 1 CRAIG KLEIN P00734640 6177610600 2011 2016-02-24 21:20:13Z KENT ANDERSON 20 PICKERING STREET NEEDHAM MA 02492 10822212 0 X WWW.JBJS.ORG X 1953 MA PUBLICATION OF MEDICAL JOURNALS. 8 8 43 0 3621973 0 59000 1060 9763322 9912807 668492 604823 47464 -20170 10538278 10498520 219960 88167 0 0 3668179 4022995 0 0 0 7332534 8060577 11220673 12171739 -682395 -1673219 27424394 25683065 3800584 5248340 23623810 20434725 X TO PROVIDE AND DISSEMINATE WORLDWIDE, THE HIGHEST QUALITY INFORMATION ABOUT THE MUSCULOSKELETAL SYSTEM. 0 0 7178495 88167 5058864 PUBLICATION OF ISSUES OF MEDICAL JOURNAL ENTITLED "THE JOURNAL OF BONE AND JOINT SURGERY" AND ONLINE PUBLICATIONS "ESSENTIAL SURGICAL TECHNIQUES" AND "CASE CONNECTOR." 2684726 3621973 PUBLICATION OF PRINT AND ONLINE ADVERTISING IN "THE JOURNAL OF BONE AND JOINT SURGERY". 109149 934192 SALE OF BACK ISSUES, ARCHIVAL DVDS, PROVISION OF CONTINUING MEDICAL EDUCATION SERVICES, AND REPRINTS. 297778 REPRINTS OF JOURNAL ARTICLES 297778 9972370 1 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 1 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 75 0 1 43 1 1 1 0 0 0 0 0 0 0 0 0 X 8 8 0 0 1 0 1 1 1 1 1 0 0 1 1 1 1 1 1 0 0 0 MA X PAUL SANDFORD CFO 7814331211 20 PICKERING STREET NEEDHAM MA 02492 CECIL H RORABECK 3.00 X 24900 0 0 DAN M SPENGLER 3.00 X 25200 0 0 EDWARD N HANLEY JR 6.00 X X 48800 0 0 JAMES BEATY 3.00 X 14900 0 0 JAMES H HERNDON 3.00 X 18100 0 0 PETER J STERN 3.00 X X 21400 0 0 RICHARD GELBERMAN 3.00 X X 23500 0 0 STUART L WEINSTEIN 3.00 X X 25100 0 0 KENT ANDERSON 40.00 X 319550 0 36454 MADY TISSENBAUM 40.00 X 200132 0 71311 PAUL SANDFORD 40.00 X 9750 0 146 DENI AUCLAIR 40.00 X 177730 0 16079 MICHELLE HACHE 40.00 X 138993 0 10243 JENNIFER BADUA 40.00 X 121675 0 27847 AMBER HOWARD 40.00 X 141685 0 31509 TOBY PLEWAK 40.00 X 107783 0 22701 AMY BORDIUK 40.00 X 100327 0 30574 1519525 0 246864 8 0 1 0 CHILDRENS HOSPITAL DR VERN TOLO 4650 SUNSET BLVD LOS ANGELES CA 90027 CONTRACT EDITOR 557930 BINGHAM MCCUTCHEN PO BOX 3486 BOSTON MA 02241 LEGAL 324791 NSK & ASSOC 2 LIBERTY SQUARE F7 BOSTON MA 02109 I/T OUTSOURCING 140945 ACCOUNTING MANAGEMENT SOLUTIONS INC 800 SOUTH ST STE 195 WALTHAM MA 02453 ACCOUNTING CONTRACTOR 135392 4 1060 1060 SUBSCRIPTION 511120 5058864 5058864 ADVERTISING 511120 3621973 3621973 OTHER PROGRAM REVENUE 900099 934192 934192 REPRINTS 511120 297778 297778 9912807 692931 692931 213242 235584 -22342 -22342 -22342 88108 -88108 -88108 -88108 INCOME TAX BENEFIT 900099 2172 2172 2172 10498520 6290834 3621973 584653 88167 88167 1033051 648298 384753 1982258 1795333 186925 302248 265546 36702 522275 437751 84524 183163 170689 12474 373605 373605 93740 93740 68891 68891 522445 174814 347631 468404 468404 100044 78034 22010 515930 452763 63167 86875 86875 278534 278534 321001 136669 184332 162601 90678 71923 46656 46656 DEPUTY & CONTRACT EDITO 1104418 1104418 PRINTING & PUBLICATIONS 1086309 1086309 ADVERTISING COMMISSIONS 976135 976135 POSTAGE & SHIPPING 792226 792226 1062763 840727 222036 12171739 9972370 2199369 0 25457 44813 1593506 1006211 565839 855533 57606 144811 7372097 3051945 4088254 4320152 20722127 18878295 371605 433250 27424394 25683065 946907 1222832 2219317 2517425 634360 1508083 3800584 5248340 X 23623810 20434725 23623810 20434725 27424394 25683065 X -1673219 -1515866 X 0 1 1 X 0 X 50000 50090 50000 59000 1060 210150 6748370 6624666 6329312 6194137 6290834 32187319 6798370 6674756 6379312 6253137 6291894 32397469 0 0 0 32397469 1015394 975504 885011 920872 906173 4702954 1015394 975504 885011 920872 906173 4702954 586433 335982 922415 2172 2172 8400197 7986242 7264323 7174009 7200239 38025010 0.85200 0.84000 0.12370 0.12250 X 591000 591000 1819600 1107125 712475 3325169 847522 2477647 1003500 867197 136303 632828 230101 402727 4320152 DUE TO BRITISH EDITORIAL SOCIETY 76895 DEFERRED COMPENSATION 167178 ACCRUED PENSION BENEFIT OBLIGATION 1264010 1508083 10498520 12171739 -1673219 -534696 -981170 -1515866 -3189085 9136625 -534696 235584 -299112 9435737 1062783 1062783 10498520 12325710 1216754 1216754 11108956 1062783 1062783 12171739 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: JBJS ACCOUNTS FOR THE EFFECT OF ANY UNCERTAIN TAX POSITIONS BASED ON A "MORE LIKELY THAN NOT" THRESHOLD TO THE RECOGNITION OF THE TAX POSITIONS BEING SUSTAINED BASED ON THE TECHNICAL MERITS OF THE POSITION UNDER SCRUTINY BY THE APPLICABLE TAXING AUTHORITY. IF A TAX POSITION OR POSITIONS ARE DEEMED TO RESULT IN UNCERTAINTIES OF THOSE POSITIONS, THE UNRECOGNIZED TAX BENEFIT IS ESTIMATED BASED ON A "CUMULATIVE PROBABILITY ASSESSMENT" THAT AGGREGATES THE ESTIMATED TAX LIABILITY FOR ALL UNCERTAIN TAX POSITIONS. INTEREST AND PENALTIES ASSESSED, IF ANY, ARE ACCRUED AS INCOME TAX EXPENSE. JBJS HAS IDENTIFIED ITS TAX STATUS AS A TAX-EXEMPT ENTITY AND ITS COMPUTATION OF UNRELATED BUSINESS TAXABLE INCOME ATTRIBUTABLE TO ITS SALE OF ADVERTISING AS ITS SIGNIFICANT TAX POSITIONS. HOWEVER, JBJS HAS DETERMINED THAT SUCH TAX POSITIONS DO NOT RESULT IN UNCERTAINTIES REQUIRING RECOGNITION. JBJS IS NOT CURRENTLY UNDER EXAMINATION BY ANY TAXING JURISDICTION. FEDERAL AND STATE INCOME TAX RETURNS ARE GENERALLY OPEN FOR EXAMINATION FOR THREE YEARS FOLLOWING THE DATE FILED. PART XI, LINE 8 - OTHER ADJUSTMENTS: SFAS 158 ADJUSTMENT -981,170. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 235,584. PART XII, LINE 4B - OTHER ADJUSTMENTS: ADVERTISING COMMISSIONS 976,135. SUBSCRIPTION COMMISSIONS 35,035. BRITISH JOURNAL SERVICE CHARGE EXPENSE 51,613. PART XIII, LINE 2D - OTHER ADJUSTMENTS: SFAS 158 ADJUSTMENT 981,170. RENTAL EXPENSES 235,584. PART XIII, LINE 4B - OTHER ADJUSTMENTS: ADVERTISING COMMISSIONS 976,135. SUBSCRIPTION COMMISSIONS 35,035. BRITISH JOURNAL SERVICE CHARGE EXPENSE 51,613. EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES CIRCULATION RELATED EDITOR AND MARKETING COSTS 8214 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 PROGRAM SERVICES CIRCULATION RELATED EDITOR AND MARKETING COSTS 64788 NORTH AMERICA 0 0 PROGRAM SERVICES CIRCULATION RELATED EDITOR AND MARKETING COSTS 99673 0 0 0 0 0 0 172675 0 172675 0 0 0 0 0 0 1 ORTHOPAEDIC RESEARCH AND EDUCATION FOUNDATION 6300 NORTH RIVER ROAD SUITE 700 ROSEMONT IL 60018 366009467 501(C)(3) 75000 RESIDENTS' JOURNAL CLUB, TO SUPPORT THE EDUCATION OF ORTHOPAEDIC SURGEONS IN TRAINING. 1 0 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: THE JOURNAL OF BONE AND JOINT SURGERY HAS A MATCHING GIFTS POLICY OF UP TO $1,000 PER EMPLOYEE PER YEAR. SUCH GIFTS MUST BE MADE TO TAX-EXEMPT ORGANIZATIONS. THE GIFT MATCH REQUIRES THE RECIPIENT TO FILL OUT A FORM AND ATTEST TO RECEIPT OF THE ORIGINAL GIFT OR GRANT. BOARD REVIEW AND APPROVAL IS REQUIRED FOR LARGER GRANTS. FOR THE RESIDENTS' JOURNAL CLUB GRANT, THE APPLICATION REQUIRES THE GRANTEE TO PRESENT THEIR GOALS, METHOD, AND BUDGET. THE FIRST PAYMENT OF ONE-HALF WILL BE ISSUED UPON APPROVAL OF THE APPLICATION; THE FINAL PAYMENT OF ONE-HALF WILL BE ISSUED WHEN THE REQUIRED FINAL EVALUATION AND FINANCIAL REPORTS ARE RECEIVED FROM OREF. X X 1 1 X X X X X 0 1 0 0 0 0 0 1 0 KENT ANDERSON 229771 0 89505 0 274 0 15345 0 21109 0 356004 0 0 0 MADY TISSENBAUM 185117 0 13810 0 1205 0 48450 0 22861 0 271443 0 0 0 DENI AUCLAIR 172656 0 250 0 4824 0 5252 0 10827 0 193809 0 0 0 AMBER HOWARD 141149 0 250 0 286 0 9384 0 22125 0 173194 0 0 0 PART I, LINE 1A FIRST CLASS TRAVEL IS AVAILABLE FOR TRUSTEES AND THE EDITOR IN CHIEF ON DOMESTIC FLIGHTS GREATER THAN TWO HOURS IN DURATION. BUSINESS CLASS MAY BE USED BY TRUSTEES AND THE EDITOR IN CHIEF FOR INTERNATIONAL TRAVEL. AIRFARE GREATER THAN $1,000 AND ALL REQUESTS FOR FIRST CLASS TRAVEL FOR ALL EMPLOYEES MUST BE APPROVED IN ADVANCE. ALL EMPLOYEES RECEIVE GROSS-UP PAYMENTS IN CONNECTION WITH THEIR LONG TERM DISABILITY INSURANCE EMPLOYEE BENEFIT. PART I, LINE 4B MADY TISSENBAUM AND AMY L. BORDIUK PARTICIPATE IN A SECTION 457(F) NON-QUALIFIED DEFINED BENEFIT PLAN. THE AMOUNTS OF BENEFIT ACCRUED UNDER THE PLAN FOR 2011 WAS $46,802 AND $39,404 RESPECTIVELY. PART I, LINE 7 THE BOARD OF TRUSTEES APPROVES ALL BONUS AWARDS AT THE END OF EACH YEAR FOR THE CEO, GENERAL MANAGER AND EDITOR. BONUS AWARDS ARE BASED ON CRITERIA RELATED TO ENTERPRISE DEVELOPMENT, PRODUCT OR SERVICE IMPROVEMENTS, QUALITY FACTORS, FINANCIAL PERFORMANCE AND CONTROL, DISTRIBUTION EXPANSION, AND IMPROVING THE ORGANIZATION'S REPUTATION AND BRAND. HOLIDAY BONUSES OF $250 WERE PROVIDED TO ALL EMPLOYEES IN DECEMBER 2011, SUBJECT TO APPROVAL BY THE CEO. FORM 990, PART VI, SECTION A, LINE 4 SIGNIFICANT CHANGES TO THE ORGANIZING DOCUMENTS INCLUDE CHANGES TO THE NUMBER OF AND COMPOSITION OF THE GOVERNING BODY'S MEMBERS. SEE RESPONSE TO FORM 990, PART VI, LINE 6 FOR ADDITIONAL EXPLANATION. FORM 990, PART VI, SECTION A, LINE 6 PRIOR TO AMENDMENT OF THE JOURNAL'S ARTICLES AND BY-LAWS IN DECEMBER 2011, THERE WERE EIGHT MEMBERS OF THE JOURNAL. FOUR WERE SELECTED BY THE AMERICAN ORTHOPAEDIC ASSOCIATION AND FOUR WERE SELECTED BY THE AMERICAN ACADEMY OF ORTHOPAEDIC SURGEONS. THE MEMBERS CONSTITUTED THE BOARD OF TRUSTEES. THE "MEMBER" DESIGNATION WAS DISCONTINUED UPON ADOPTION OF THE REVISED ARTICLES AND BYLAWS IN 2011. FORM 990, PART VI, SECTION A, LINE 7A PRIOR TO AMENDMENT OF THE JOURNAL'S ARTICLES AND BY-LAWS IN DECEMBER 2011, THERE WERE EIGHT MEMBERS OF THE JOURNAL. FOUR WERE SELECTED BY THE AMERICAN ORTHOPAEDIC ASSOCIATION AND FOUR WERE SELECTED BY THE AMERICAN ACADEMY OF ORTHOPAEDIC SURGEONS. THE MEMBERS CONSTITUTED THE BOARD OF TRUSTEES. THE "MEMBER" DESIGNATION WAS DISCONTINUED UPON ADOPTION OF THE REVISED ARTICLES AND BYLAWS IN 2011. FORM 990, PART VI, SECTION A, LINE 7B PRIOR TO AMENDMENT OF THE JOURNAL'S ARTICLES AND BYLAWS IN DECEMBER 2011, THE JOURNAL'S BYLAWS COULD BE AMENDED OR REPEALED BY A VOTE OF AT LEAST THREE QUARTERS OF THE MEMBERS OF THE CORPORATION. HOWEVER, ANY SUCH AMENDMENT OR REPEAL WAS REQUIRED TO BE APPROVED BY THE EXECUTIVE COMMITTEE OF THE AMERICAN ORTHOPAEDIC ASSOCIATION AND BY THE BOARD OF DIRECTORS OF THE AMERICAN ACADEMY OF ORTHOPAEDIC SURGEONS. SUBSEQUENT TO THE AMENDMENT OF THE JOURNALS' ARTICLES AND BYLAWS IN DECEMBER 2011, THE BYLAWS COULD BE AMENDED OR REPEALED, IN WHOLE OR IN PART, BY A VOTE OF AT LEAST A MAJORITY OF THE BOARD OF TRUSTEES THEN IN OFFICE. FORM 990, PART VI, SECTION B, LINE 11 OUR FORM 990 WAS FIRST REVIEWED BY MANAGEMENT FOR COMPLETENESS AND ACCURACY. ONCE APPROVED BY MANAGEMENT, THE FORM WAS DISTRIBUTED TO MEMBERS OF THE JOURNAL'S AUDIT COMMITTEE FOR THEIR REVIEW. THE FORM WAS THEN PROVIDED ELECTRONICALLY AND/OR PHYSICALLY TO THE JOURNAL'S GOVERNING BODY PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C EACH OFFICER, TRUSTEE AND KEY EMPLOYEE DISCLOSES ANY POTENTIAL CONFLICTS VERBALLY AND IN WRITING AT THE FIRST MEETING OF THE CALENDAR YEAR. THE AUDIT COMMITTEE REVIEWS THE DISCLOSURES AND DETERMINES IF A CONFLICT EXISTS. EACH OFFICER, TRUSTEE AND KEY EMPLOYEE IS REQUIRED TO DISCLOSE ANY NEW POTENTIAL CONFLICTS THAT ARISE DURING THE YEAR, AND THE AUDIT COMMITTEE IS RESPONSIBLE FOR EVALUATING THOSE CONFLICTS. IF A CONFLICT IS FOUND TO EXIST, THE AUDIT COMMITTEE SHALL DETERMINE WHAT, IF ANY, RESTRICTIONS SHALL BE IMPOSED ON THE PERSON WITH THE CONFLICT, UP TO AND POTENTIALLY INCLUDING REMOVAL FROM THE BOARD. RESTRICTIONS COULD INCLUDE PROHIBITING THE CONFLICTED PERSON FROM PARTICIPATING IN THE GOVERNING BODY'S DELIBERATIONS AND DECISIONS IN THE TRANSACTION. FORM 990, PART VI, SECTION C, LINE 19 THE JOURNAL OF BONE AND JOINT SURGERY, INC. WILL CONSIDER ALL REQUESTS FOR COPIES OF GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS. WHEN FULLFILLED, DOCUMENTS ARE PROVIDED BY MAIL OR E-MAIL, IN DIGITAL OR PAPER FORM AS THE REQUESTER PREFERS. THE ORGANIZATION'S FINANCIAL STATEMENTS AND FORM 990 ARE ALSO AVAILABLE VIA THE MASSACHUSETTS ATTORNEY GENERAL'S WEBSITE. FORM 990, PART VI, SECTION B, LINE 15 A & B: THE PROCESS FOR DETERMINING COMPENSATION FOR THE CEO AS WELL AS OTHER OFFICERS INVOLVED THE USE OF AN EXTERNAL CONSULTANT TO COMPILE COMPARABILITY DATA AND CONCLUDE ON APPROPRIATE COMPENSATION RANGES. IN ALL CASES, COMPENSATION WAS REVIEWED AND APPROVED BY INDEPENDENT PERSONS. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -534,696. SFAS 158 ADJUSTMENT -981,170. TOTAL TO FORM 990, PART XI, LINE 5: -1,515,866.