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← AMERICAN COLLEGE OF SURGEONS FOUNDATION

Form 990 for tax year 2024

Filed by AMERICAN COLLEGE OF SURGEONS FOUNDATION.

Totals

Total revenue
$394,945
Total expenses
$394,945
Contributions and grants received
$394,945
Grants paid
$372,658
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$11,575
Total liabilities, end of year
$11,575
Net assets or fund balances, end of year
$0
Program services expenses (Part IX)
$383,340
Management and general expenses
$11,605
Fundraising expenses
$0
Program service expenses (Part III)
$383,340

Program services were 97.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $394,945

  • 1g · Noncash contributions included above

    $1,087

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $372,658 · program services $372,658

  • 13 · Office expenses

    total $11,605 · management and general $11,605

  • 23 · Insurance

    total $8,679 · program services $8,679

  • 24a · Other expenses: BAD DEBT

    total $2,003 · program services $2,003

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $4,161 · end of year $6,050

  • 4 · Accounts receivable

    beginning of year $6,019 · end of year $5,525

  • 9 · Prepaid expenses and deferred charges

    beginning of year $0 · end of year $0

  • 10a · Land, buildings and equipment: cost or other basis

    $0

  • 10b · Land, buildings and equipment: accumulated depreciation

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 12 · Investments: other securities

    beginning of year $0 · end of year $0

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $10,180 · end of year $11,575

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $0 · end of year $0

Mission and programs · 2024

Mission

THE PURPOSE OF THE FOUNDATION IS TO SUPPORT THE CHARITABLE AND EDUCATIONAL WORK OF THE ACS.

  • MEMBERS AND FRIENDS OF THE COLLEGE CONTINUE TO RECOGNIZE THE ROLE OF FINANCIAL GIFTS IN FURTHERING THE COLLEGE'S MISSION, AND IN FY 2025 THE COLLEGE RECEIVED GIFTS OF $372,658 FROM THE AMERICAN COLLEGE OF SURGEONS FOUNDATION.

    Expenses $383,340 · Grants $372,658

As filed on the 2024 return.

Listed in Part VII

  • Patricia L Turner

    PRESIDENT AND DIRECTOR

    Total calculated
    $1,450,892
    From this org
    $0
    From related orgs
    $1,151,185
    Other
    $299,707
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,147,862 related
    Bonus
    $0 + $1,127 related
    Other
    $0 + $2,196 related
    Deferred
    $0 + $298,133 related
    Nontaxable benefits
    $0 + $1,574 related
    Filer's total
    $0 + $1,450,892 related

  • Hilary A Sanfey

    DIRECTOR (THRU 10/24)

    Total calculated
    $3,000
    From this org
    $0
    From related orgs
    $3,000
    Other
    $0
    Hours/week
    1

  • Don K Nakayama

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • H Randolph Bailey

    CHAIR & DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Nicolas J Mouawad

    VICE CHAIR & DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • John H Stewart IV

    SECRETARY & DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Waddah B Al-Refaie

    DIRECTOR (AS OF 10/24)

    Total calculated
    $0
    Hours/week
    1

  • Arthur Cooper

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Ross F Goldberg

    DIRECTOR (AS OF 10/24)

    Total calculated
    $0
    Hours/week
    1

  • Raymond F Morgan

    DIRECTOR (THRU 10/24)

    Total calculated
    $0
    Hours/week
    1

  • Alan B Pillersdorf

    DIRECTOR (THRU 10/24)

    Total calculated
    $0
    Hours/week
    1

  • Kenneth W Sharp As Of 1024

    REGENTAL LIASON AND DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • R Shelton Viney

    DIRECTOR (AS OF 10/24)

    Total calculated
    $0
    Hours/week
    1

  • Paige Rodgers

    CFO

    Total calculated
    $755,354
    From this org
    $0
    From related orgs
    $660,958
    Other
    $94,396
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $659,633 related
    Bonus
    $0 + $533 related
    Other
    $0 + $792 related
    Deferred
    $0 + $81,824 related
    Nontaxable benefits
    $0 + $12,572 related
    Filer's total
    $0 + $755,354 related

  • Beth White Carona

    FOUNDATION EXECUTIVE DIRECTOR

    Total calculated
    $237,353
    From this org
    $0
    From related orgs
    $200,097
    Other
    $37,256
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $198,308 related
    Bonus
    $0 + $1,273 related
    Other
    $0 + $516 related
    Deferred
    $0 + $24,684 related
    Nontaxable benefits
    $0 + $12,572 related
    Filer's total
    $0 + $237,353 related

  • Henri R Ford Thru 1024

    ACS PRESIDENT AND DIRECTOR

    Total calculated
    $73,809
    From this org
    $0
    From related orgs
    $73,809
    Other
    $0
    Hours/week
    1

  • Beth H Sutton As Of 1024

    ACS PRESIDENT AND DIRECTOR

    Total calculated
    $662
    From this org
    $0
    From related orgs
    $662
    Other
    $0
    Hours/week
    1 + 2 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
AMERICAN COLLEGE OF SURGEONS HAS AN EXECUTIVE COMPENSATION COMMITTEE AS A SUBCOMMITTEE TO THE FINANCE COMMITTEE. THE COMMITTEE IS COMPRISED OF THE BOARD OF REGENTS CHAIR, BOARD OF REGENTS TREASURER, BOARD OF GOVERNORS SECRETARY, AND A MEMBER OF THE FINANCE COMMITTEE. THE EXECUTIVE COMPENSATION COMMITTEE'S PURPOSE IS AS FOLLOWS: TO ESTABLISH PROCEDURES TO CREATE A "REBUTTABLE PRESUMPTION OF REASONABLENESS" IN CONNECTION WITH IRS INTERMEDIATE SANCTIONS REGULATIONS. RESPONSIBILITIES ARE TO ENSURE THAT COMPENSATION FOR EACH EXECUTIVE IS REASONABLE. HUMAN RESOURCES PROVIDES COMPARABILITY DATA TO THE COMMITTEE IN THE FORM OF SURVEYS, OTHER SIMILAR ORGANIZATIONS, GEOGRAPHICAL COMPARISONS, AND ACTUAL WRITTEN OFFERS FROM SIMILAR INSTITUTIONS FOR THE SERVICES OF AN EXECUTIVE. THE COMMITTEE DOCUMENTS THE BASIS FOR ALL COMPENSATION DETERMINATIONS.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
21 January 2026
IRS schema version
2024v5.5
Source object
202620229349300207

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