Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: NON-DEDUCTIBLE MEMBER

  total $23,482,281 · related or exempt $23,482,281

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $19,442,429

• 7 · Other salaries and wages

  total $404,055

• 9 · Other employee benefits

  total $129,098

• 10 · Payroll taxes

  total $7,941

• 11c · Fees: accounting

  total $26,525

• 11g · Fees: other

  total $15,000

• 12 · Advertising and promotion

  total $11,984

• 13 · Office expenses

  total $871,445

• 14 · Information technology

  total $65,524

• 17 · Travel

  total $54,485

• 19 · Conferences, conventions and meetings

  total $112,590

• 24a · Other expenses: BAD DEBT

  total $1,592,693

• 24b · Other expenses: INTERCOMPANY COSTS

  total $748,512

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $264,791 · end of year $391,561

• 4 · Accounts receivable

  beginning of year $12,845,064 · end of year $12,449,602

• 9 · Prepaid expenses and deferred charges

  beginning of year $30,285 · end of year $32,149

• 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

• 17 · Accounts payable and accrued expenses

  beginning of year $18,439 · end of year $33,331

• 19 · Deferred revenue

  beginning of year $13,121,701 · end of year $12,839,981

• 25 · Other liabilities

  beginning of year $0 · end of year $0

• 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

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 SACTIONS 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.