ASES FOUNDATION: Form 990, tax year 2025

View the entire original 990 at ProPublica ↗

Organization
ASES FOUNDATION (EIN 36-3313192)
Tax period
2025-01-01 to 2025-12-31
Filed
2026-08-05
IRS object ID
202642179349300749
Schema version
2025v4.2
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2026-08-05T14:33:22-05:00ReturnTs
Tax Period End2025-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN362663358PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1PORTE BROWN LLCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line14123 W SHAMROCK LANEAddressLine1Txt
CityMCHENRYCityNm
State AbbreviationILStateAbbreviationCd
ZIP60050ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2025-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN363313192EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1ASES FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlASESBusinessNameControlTxt
Phone8476981629PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line11515 E WOODFIELD ROAD 345AddressLine1Txt
CitySCHAUMBURGCityNm
State AbbreviationILStateAbbreviationCd
ZIP60173ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonJULIE BISHOP MDPersonNm
Person TitleSECRETARY/TREASURERPersonTitleTxt
Phone8476981629PhoneNum
Signature2026-07-30SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonANGELA LINZPreparerPersonNm
PTINP01359408PTIN
Phone8153851120PhoneNum
FieldValueIRS element (for citing)
Tax2025TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerJULIE BISHOP MDPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line11515 E WOODFIELD ROAD 345AddressLine1Txt
CitySCHAUMBURGCityNm
State AbbreviationILStateAbbreviationCd
ZIP60173ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$3,725,965GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.ASES-ASSN.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2016FormationYr
Legal Domicile StateILLegalDomicileStateCd
Activity Or MissionTHE MISSION OF THE ORGANIZATION IS TO FOSTER SCIENTIFIC ADVANCES AND ENHANCE THE STUDY OF SHOULDER AND ELBOW SURGERY.ActivityOrMissionDesc
Voting Members Governing Body8VotingMembersGoverningBodyCnt
Voting Members Independent8VotingMembersIndependentCnt
Total Employee0TotalEmployeeCnt
Total Volunteers80TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$3,678,718PYContributionsGrantsAmt
CY Contributions Grants$3,268,989CYContributionsGrantsAmt
PY Program Service Revenue$150,770PYProgramServiceRevenueAmt
CY Program Service Revenue$117,205CYProgramServiceRevenueAmt
PY Investment Income$271,333PYInvestmentIncomeAmt
CY Investment Income$327,585CYInvestmentIncomeAmt
PY Other Revenue$210PYOtherRevenueAmt
CY Other Revenue$12,186CYOtherRevenueAmt
PY Total Revenue$4,101,031PYTotalRevenueAmt
CY Total Revenue$3,725,965CYTotalRevenueAmt
PY Grants And Similar Paid$1,233,344PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$1,074,797CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$0PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$0CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$1,138,996PYOtherExpensesAmt
CY Other Expenses$1,084,344CYOtherExpensesAmt
PY Total Expenses$2,372,340PYTotalExpensesAmt
CY Total Expenses$2,159,141CYTotalExpensesAmt
PY Revenues Less Expenses$1,728,691PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$1,566,824CYRevenuesLessExpensesAmt
Total Assets BOY$8,732,414TotalAssetsBOYAmt
Total Assets EOY$11,363,530TotalAssetsEOYAmt
Total Liabilities BOY$562,885TotalLiabilitiesBOYAmt
Total Liabilities EOY$469,728TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$8,169,529NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$10,893,802NetAssetsOrFundBalancesEOYAmt
MissionTHE MISSION OF THE ORGANIZATION IS TO FOSTER SCIENTIFIC ADVANCES AND ENHANCE THE STUDY OF SHOULDER AND ELBOW SURGERY.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$2,037,722ExpenseAmt
Grant$1,074,797GrantAmt
Revenue$129,391RevenueAmt
DescFOSTER RESEARCH RELATIVE TO SHOULDER AND ELBOW SURGERY BY PROVIDING GRANTS TO PRESENTERS OF SCIENTIFIC PAPERS RELATING TO THE TECHNIQUES AND DEVELOPMENTS IN SHOULDER AND ELBOW SURGERY, ADDITIONALLY, THE FOUNDATION GIVES FELLOWSHIP GRANTS FOR THE EDUCATION AND TRAINING OF SHOULDER AND ELBOW CLINICIANS.Desc
Total Program Service Expenses$2,037,722TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi EndowmentsYes (1)DonorRstrOrQuasiEndowmentsInd
Report Land Building Equipment0ReportLandBuildingEquipmentInd
Report Investments Other SecYes (1)ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other Liabilities0ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (1)IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To OrganizationsYes (1)GrantsToOrganizationsInd
Grants To IndividualsYes (1)GrantsToIndividualsInd
Schedule J Required0ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related EntityYes (1)RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document21IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Employee0EmployeeCnt
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members8GoverningBodyVotingMembersCnt
Independent Voting Member8IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt DutiesYes (1)DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEO0CompensationProcessCEOInd
Compensation Process Other0CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
States Where Copy Of Return Is FldILStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldCAStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldNYStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1ANNA QUINTANILLABusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone8476981629PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line11515 E WOODFIELD RD 345AddressLine1Txt
CitySCHAUMBURGCityNm
State AbbreviationILStateAbbreviationCd
ZIP60173ZIPCd
FieldValueIRS element (for citing)
No Listed Persons CompensatedYes (X)NoListedPersonsCompensatedInd

Form990 Part VII Section A Form990PartVIISectionAGrp (8 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtOfficerOfficerInd
THOMAS W THROCKMORTON MD
TRUSTEE1.00Yes (X)$0$0$0
JULIE BISHOP MD
SECRETARY/TREASURER1.00Yes (X)$0$0$0Yes (X)
JOSEPH A ABBOUD MD
CHAIR1.00Yes (X)$0$0$0Yes (X)
FRANCES CUOMO MD
TRUSTEE1.00Yes (X)$0$0$0
JONAS RUDZKI MD
TRUSTEE1.00Yes (X)$0$0$0
MARK FRANKLE MD
TRUSTEE1.00Yes (X)$0$0$0
JOHN KUHN MD MS
PAST PRESIDENT1.00Yes (X)$0$0$0Yes (X)
PAUL M SETHI MD
TRUSTEE1.00Yes (X)$0$0$0
FieldValueIRS element (for citing)
Total Reportable Comp From Org$0TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$0TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K0IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K0TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp

Contractor Name ContractorName

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1VAN WIE ASSOCIATES INCBusinessNameLine1Txt

Contractor Address ContractorAddress

US Address USAddress

FieldValueIRS element (for citing)
Address Line17113 A BLU RAIL WAYAddressLine1Txt
CityPINEVILLECityNm
State AbbreviationNCStateAbbreviationCd
ZIP28134ZIPCd
FieldValueIRS element (for citing)
ServicesPROFESSIONAL SERVICESServicesDesc
Compensation$107,944CompensationAmt
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K1CntrctRcvdGreaterThan100KCnt
All Other Contributions$3,268,989AllOtherContributionsAmt
Total Contributions$3,268,989TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp

FieldValueIRS element (for citing)
DescEDUCATION/ REGISTRATIODesc
Business611430BusinessCd
Total Revenue Column$117,205TotalRevenueColumnAmt
Related Or Exempt Func Income$117,205RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Total Program Service Revenue$117,205TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$327,585TotalRevenueColumnAmt
Exclusion$327,585ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp

FieldValueIRS element (for citing)
DescMISCELLANEOUS REVENUEDesc
Business900099BusinessCd
Total Revenue Column$12,186TotalRevenueColumnAmt
Related Or Exempt Func Income$12,186RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Other Revenue Total$12,186OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$3,725,965TotalRevenueColumnAmt
Related Or Exempt Func Income$129,391RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$327,585ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$325,362TotalAmt
Program Services$325,362ProgramServicesAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

FieldValueIRS element (for citing)
Total$749,435TotalAmt
Program Services$749,435ProgramServicesAmt

Fees For Services Management FeesForServicesManagementGrp

FieldValueIRS element (for citing)
Total$350,248TotalAmt
Program Services$350,248ProgramServicesAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$16,690TotalAmt
Management And General$16,690ManagementAndGeneralAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

FieldValueIRS element (for citing)
Total$19,076TotalAmt
Management And General$19,076ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$175,641TotalAmt
Program Services$146,400ProgramServicesAmt
Management And General$29,241ManagementAndGeneralAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$14,630TotalAmt
Program Services$14,302ProgramServicesAmt
Management And General$328ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$1,615TotalAmt
Program Services$1,344ProgramServicesAmt
Management And General$271ManagementAndGeneralAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$7,534TotalAmt
Management And General$7,534ManagementAndGeneralAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$169,903TotalAmt
Program Services$169,903ProgramServicesAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$262,172TotalAmt
Program Services$260,717ProgramServicesAmt
Management And General$1,455ManagementAndGeneralAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$453TotalAmt
Management And General$453ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (2 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmt
FEES, BANKING AND PROCE$46,045$408$45,637
OTHER$20,337$19,603$734

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$2,159,141TotalAmt
Program Services$2,037,722ProgramServicesAmt
Management And General$121,419ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$1,496,637BOYAmt
EOY$942,907EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$3,250BOYAmt
EOY$6,500EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$103,400BOYAmt
EOY$10,858EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$30,062BOYAmt
EOY$120,398EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

FieldValueIRS element (for citing)
BOY$7,099,065BOYAmt
EOY$10,282,867EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$8,732,414BOYAmt
EOY$11,363,530EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$506,135BOYAmt
EOY$363,981EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$56,750BOYAmt
EOY$105,747EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$562,885BOYAmt
EOY$469,728EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$5,363,587BOYAmt
EOY$7,978,529EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$2,805,942BOYAmt
EOY$2,915,273EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$8,169,529BOYAmt
EOY$10,893,802EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$8,732,414BOYAmt
EOY$11,363,530EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$1,566,824ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst$1,157,449NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Info In Schedule O Part XIIYes (X)InfoInScheduleOPartXIIInd
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Supporting Organization509a3Yes (X)SupportingOrganization509a3Ind
Supporting Org Type2Yes (X)SupportingOrgType2Ind
Supported Organizations1SupportedOrganizationsCnt

Supported Org Information SupportedOrgInformationGrp

Supported Organization Name SupportedOrganizationName

FieldValueIRS element (for citing)
Business Name Line1AMERICAN SHOULDER & ELBOW SURGEONSBusinessNameLine1Txt
FieldValueIRS element (for citing)
EIN411474626EIN
Organization Type10OrganizationTypeCd
Governing Document Listed0GoverningDocumentListedInd
Support$1,357,746SupportAmt
Other Support$0OtherSupportAmt
FieldValueIRS element (for citing)
Supported Organizations Total1SupportedOrganizationsTotalCnt
Support Sum$1,357,746SupportSumAmt
Other Support Sum$0OtherSupportSumAmt

Form990 Sch A Supporting Org Form990SchASupportingOrgGrp

FieldValueIRS element (for citing)
Listed By Name Governing DocYes (1)ListedByNameGoverningDocInd
Suprt Org No IRS Determination0SuprtOrgNoIRSDeterminationInd
Supported Org Section C456Yes (1)SupportedOrgSectionC456Ind
Supported Org QualifiedYes (1)SupportedOrgQualifiedInd
Suprt Exclusively Sec170c2 BYes (1)SuprtExclusivelySec170c2BInd
Supported Org Not Organized US0SupportedOrgNotOrganizedUSInd
Organization Change Suprt Org0OrganizationChangeSuprtOrgInd
Support Non Supported Org0SupportNonSupportedOrgInd
Payment Substantial Contribtr0PaymentSubstantialContribtrInd
Loan Disqualified Person0LoanDisqualifiedPersonInd
Controlled Disqualified Prsn0ControlledDisqualifiedPrsnInd
Disqualified Prsn Controll Int0DisqualifiedPrsnControllIntInd
Disqualified Prsn Ownr Int0DisqualifiedPrsnOwnrIntInd
Excess Business Holdings Rules0ExcessBusinessHoldingsRulesInd
Contribution Controller0ContributionControllerInd
Contribution Family0ContributionFamilyInd
Contribution35 Controlled0Contribution35ControlledInd
FieldValueIRS element (for citing)
Majority Dir Trst Supported OrgYes (1)MajorityDirTrstSupportedOrgInd

Form990 Schedule A Part VI Form990ScheduleAPartVIGrp (3 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PART IV, SECTION A, LINE 3B:EXAMINED IRS DETERMINATION.
PART IV, SECTION A, LINE 3C:SHARED BOARD MEMBERS; ALL SUPPORT FOR RESEARCH AND EDUCATIONAL PURPOSES.
PART I, LINE 12G, COLUMN IV:NO LISTING IN GOVERNING DOCUMENTATION.

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

CY Endwmt Fund CYEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$294,173BeginningYearBalanceAmt
Investment Earnings Or Losses$15,567InvestmentEarningsOrLossesAmt
End Year Balance$309,740EndYearBalanceAmt

CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$283,778BeginningYearBalanceAmt
Investment Earnings Or Losses$10,395InvestmentEarningsOrLossesAmt
End Year Balance$294,173EndYearBalanceAmt

CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$254,246BeginningYearBalanceAmt
Investment Earnings Or Losses$34,114InvestmentEarningsOrLossesAmt
Administrative Expenses$4,582AdministrativeExpensesAmt
End Year Balance$283,778EndYearBalanceAmt

CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$255,746BeginningYearBalanceAmt
Grants Or Scholarships$1,500GrantsOrScholarshipsAmt
End Year Balance$254,246EndYearBalanceAmt

CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$266,180BeginningYearBalanceAmt
Grants Or Scholarships$7,713GrantsOrScholarshipsAmt
Administrative Expenses$2,721AdministrativeExpensesAmt
End Year Balance$255,746EndYearBalanceAmt
FieldValueIRS element (for citing)
Prmnnt Endowment Balance EOY1.00000PrmnntEndowmentBalanceEOYPct
Endowments Held Unrelated Org0EndowmentsHeldUnrelatedOrgInd
Endowments Held Related Org0EndowmentsHeldRelatedOrgInd
Total Book Value Land Buildings$0TotalBookValueLandBuildingsAmt

Other Securities OtherSecuritiesGrp

FieldValueIRS element (for citing)
DescCHARLES SCHWAB INVESTMENTSDesc
Book Value$10,282,867BookValueAmt
Method ValuationFMethodValuationCd
FieldValueIRS element (for citing)
Total Book Value Securities$10,282,867TotalBookValueSecuritiesAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$4,864,338TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst$1,157,449NetUnrealizedGainsInvstAmt
Revenue Not Reported$1,157,449RevenueNotReportedAmt
Revenue Subtotal$3,706,889RevenueSubtotalAmt
Investment Expenses Not Incld$19,076InvestmentExpensesNotIncldAmt
Revenue Not Reported Fincl Stmt$19,076RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$3,725,965TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$2,140,065TotExpnsEtcAuditedFinclStmtAmt
Expenses Not Reported$0ExpensesNotReportedAmt
Expenses Subtotal$2,140,065ExpensesSubtotalAmt
Investment Expenses Not Incld2$19,076InvestmentExpensesNotIncld2Amt
Expenses Not Rpt Fincl Stmt$19,076ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$2,159,141TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PART V, LINE 4:RESEARCH AND EDUCATION GRANTS
PART X, LINE 2:THE FOUNDATION HAS ADOPTED THE PROVISION OF ASC TOPIC 740, INCOME TAXES, RELATING TO THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. THE FOUNDATION FILES INFORMATION RETURNS IN THE U.S. FEDERAL JURISDICTION, AND THE STATES OF CALIFORNIA, ILLINOIS AND NEW YORK. MANAGEMENT IS NOT AWARE OF ANY UNCERTAIN TAX POSITIONS.

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records MaintainedYes (1)GrantRecordsMaintainedInd

Recipient Table RecipientTable (16 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdRecipient EINRecipientEINIRC SectionIRCSectionDescCash GrantCashGrantAmtNon Cash AssistanceNonCashAssistanceAmtPurpose Of GrantPurposeOfGrantTxtAddress Line2USAddress/AddressLine2Txt
CLEVELAND CLINIC FOUNDATION
6801 BRECKSVILLE RDINDEPENDENCEOH44131912153073501(C)(3)$14,969$0RESEARCH
BJC MEDICAL GROUP
4901 FOREST PARK AVE SUITE 1200ST LOUISMO63108753052953501(C)(3)$18,766$0RESEARCH
CAROLINAS SHOULDER AND ELBOW SOCIETY INC
21 STUYVESANT RDASHEVILLENC28803332524909501(C)(3)$19,404$0RESEARCH
FLORIDA ORTHOPAEDIC ACADEMIC FOUNDATION CORPORATION
265 E ROLLINS ST 11TH FLOORORLANDOFL32804331935804501(C)(3)$13,083$0RESEARCH
HH MEDSTAR HEALTH INC
10980 GRANTCHESTER WAYCOLUMBIAMD21044521542230501(C)(3)$21,972$0RESEARCH
KAISER PERMANENTE SOUTHERN CALIFORNIA PERMANENTE MEDICAL GROUP
393 E WALNUT ST 3RD FLOORPASADENACA91188951750445N/A$10,000$0RESEARCH
MAYO CLINIC JACKSONVILLE
4500 SAN PABLO RDJACKSONVILLEFL32224593337028501(C)(3)$5,628$0RESEARCH
OMAR RAHMAN MD INC
2920 NEILSON WAY UNIT 403SANTA MONICACA90405932061480N/A$11,084$0RESEARCH
ST LOUIS UNIVERSITY
3545 LINDELL BOULEVARD 3RD FLOORST LOUISMO63103430654872501(C)(3)$15,000$0RESEARCH
THE SAN ANTONIO ORTHOPAEDIC GROUP LLP
PO BOX 461625SAN ANTONIOTX78246743003947N/A$41,262$0RESEARCH
TURNKEY AL PRACTICE INC
PO BOX 77862CHARLOTTENC28271412408017N/A$40,074$0RESEARCH
UNIVERSITY HOSPITALS CLEVELAND MEDICAL CENTER
11100 EUCLID AVECLEVELANDOH44106340733579501(C)(3)$14,968$0RESEARCH
UNIVERSITY OF CHICAGO DEPT OF ORTHOPEDIC SURGERY
6054 S DREXEL AVE SUITE 300CHICAGOIL60637362167824501(C)(3)$25,771$0RESEARCH
UNIVERSITY OF FLORIDA
PO BOX 113201 SUITE 1250 EASTGAINESVILLEFL32611596002050501(C)(3)$29,451$0RESEARCHCAMPUS OFFICE BLDG
UNIVERSITY OF MARYLAND
PO BOX 41428BALTIMOREMD21203520591653501(C)(3)$21,972$0RESEARCH
AMERICAN SHOULDER AND ELBOW SURGEONS
1515 E WOODFIELD ROAD 345SCHAUMBURGIL60173411474626501(C)(6)$21,644$0FELLOWS DAY CONTRIBUTION
FieldValueIRS element (for citing)
Total501c3 Org8Total501c3OrgCnt
Total Other Org15TotalOtherOrgCnt

Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp (8 entries)

Grant TypeGrantTypeTxtRecipientRecipientCntCash GrantCashGrantAmt
MY MOBILITY STUDY3$79,500
RESEARCH GRANT2$30,000
FELLOWSHIP EDUCATION GRANT25$550,798
INDIVIDUAL GRANTS UNDER $5,00017$11,216
5070-20F1$16,079
NDSI SCHOLAR1$24,000
FELLOW STIPEND6$19,500
EXACTECH TOUR AND RECEPTION1$18,342

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (5 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINE 3MANAGEMENT DUTIES DURING THE YEAR WERE PERFORMED BY EMPLOYEES OF THE AMERICAN SHOULDER AND ELBOW SURGEONS.
FORM 990, PART VI, SECTION B, LINE 11BAN INDEPENDENT CERTIFIED PUBLIC ACCOUNTING FIRM (CPA) PREPARES THE FOUNDATION'S FORM 990 AND SUBMITS THE FORM TO THE FOUNDATION'S MANAGEMENT FOR REVIEW. WITHIN MANAGEMENT, THE FORM IS REVIEWED BY A CERTIFIED PUBLIC ACCOUNTANT WITH EXTENSIVE NONPROFIT ACCOUNTING EXPERIENCE. THE MANAGEMENT COMPANY SUBMITS THE FORM TO THE FOUNDATION'S TREASURER FOR REVIEW. AN ELECTRONIC COPY OF THE FORM IS ALSO PROVIDED TO ALL VOTING MEMBERS OF THE BOARD FOR REVIEW. QUESTIONS AND COMMENTS ON THE FORM BY THE TREASURER AND BOARD MEMBERS ARE DIRECTED BACK TO THE CPA AND INTERNAL ACCOUNTANT FOR RESOLUTION. AFTER ALL DISCUSSION POINTS ARE RESOLVED, THE FORMS ARE FINALIZED AND PROVIDED TO THE TREASURER FOR FINAL REVIEW AND SIGNATURE.
FORM 990, PART VI, SECTION B, LINE 12CINTERESTED PARTIES MUST DISCLOSE THEIR POSITION PRIOR TO ENGAGING IN ANY TRANSACTION THAT GIVES RISE TO CONFLICT. THE CONFLICT IS THEN EVALUATED BY THE EXECUTIVE COMMITTEE.
FORM 990, PART VI, SECTION C, LINE 19GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST.
FORM 990, PART XII, LINE 2C:THERE WERE NO CHANGES MADE TO THE OVERSIGHT OR SELECTION PROCESSES DURING THE TAX YEAR.

Schedule R IRS990ScheduleR

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp

Disregarded Entity Name DisregardedEntityName

FieldValueIRS element (for citing)
Business Name Line1AMERICAN SHOULDER AND ELBOW SURGEONSBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line11515 E WOODFIELD ROAD SUITE 345AddressLine1Txt
CitySCHAUMBURGCityNm
State AbbreviationILStateAbbreviationCd
ZIP60173ZIPCd
FieldValueIRS element (for citing)
EIN411474626EIN
Primary ActivitiesEDUCATIONPrimaryActivitiesTxt
Legal Domicile StateILLegalDomicileStateCd
Exempt Code Section501(C)(6)ExemptCodeSectionTxt
Controlled Organization0ControlledOrganizationInd
FieldValueIRS element (for citing)
Receipt Of Int Annts Rnts Rylts0ReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth OrgYes (1)GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth OrgYes (1)GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other Org0LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth Org0LoansOrGuaranteesFromOthOrgInd
Div Related Organization0DivRelatedOrganizationInd
Asset Sale To Other Org0AssetSaleToOtherOrgInd
Asset Purchase From Other Org0AssetPurchaseFromOtherOrgInd
Asset Exchange0AssetExchangeInd
Rental Of Facilities To Oth Org0RentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth Org0RentalOfFcltsFromOthOrgInd
Perform Of Services For Oth Org0PerformOfServicesForOthOrgInd
Perform Of Services By Other Org0PerformOfServicesByOtherOrgInd
Sharing Of FacilitiesYes (1)SharingOfFacilitiesInd
Paid Employees SharingYes (1)PaidEmployeesSharingInd
Reimbursement Paid To Other OrgYes (1)ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other OrgYes (1)ReimbursementPaidByOtherOrgInd
Transfer To Other Org0TransferToOtherOrgInd
Transfer From Other Org0TransferFromOtherOrgInd

Transactions Related Org TransactionsRelatedOrgGrp (3 entries)

Transaction TypeTransactionTypeTxtInvolvedInvolvedAmt
AMERICAN SHOULDER & ELBOW SURGEONS
C$1,007,498
AMERICAN SHOULDER & ELBOW SURGEONS
O$350,248
AMERICAN SHOULDER & ELBOW SURGEONS
B$21,644

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