Totals
- Total revenue
- $2,478,874
- Total expenses
- $2,118,181
- Contributions and grants received
- $355,023
- Grants paid
- $14,016
- Program service revenue
- $1,843,247
- Investment income
- $228,228
- Other revenue
- $52,376
- Total assets, end of year
- $5,852,254
- Total liabilities, end of year
- $1,126,491
- Net assets or fund balances, end of year
- $4,725,763
- Program services expenses (Part IX)
- $1,860,868
- Management and general expenses
- $254,583
- Fundraising expenses
- $2,730
- Program service expenses (Part III)
- $1,860,868
Program services were 87.9% 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.
-
1b · Membership dues
$216,150
-
1f · All other contributions, gifts and grants
$138,873
-
2a · Program service revenue: EDUCATION/REGISTRATION
total $1,843,247 · related or exempt $1,843,247
-
3 · Investment income
total $99,977 · excluded $99,977
-
7a · Gross sales of assets other than inventory
securities $3,307,468
-
7b · Less cost or other basis and sales expenses
securities $3,179,217
-
7c · Gain or loss
securities $128,251
-
7d · Net gain or loss
total $128,251 · excluded $128,251
-
11a · Other revenue: MISCELLANEOUS REVENUE
total $52,376 · related or exempt $52,376
-
11e · Other revenue, total
$52,376
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $3,968 · program services $3,968
-
2 · Grants to domestic individuals
total $10,048 · program services $10,048
-
7 · Other salaries and wages
total $265,582 · program services $104,472 · management and general $161,110
-
9 · Other employee benefits
total $4,158 · program services $4,158
-
11b · Fees: legal
total $2,515 · management and general $2,515
-
11c · Fees: accounting
total $16,460 · management and general $16,460
-
11f · Fees: investment management
total $13,074 · management and general $13,074
-
11g · Fees: other
total $158,132 · program services $158,132
-
12 · Advertising and promotion
total $16,957 · program services $12,351 · management and general $1,876 · fundraising $2,730
-
13 · Office expenses
total $23,827 · program services $19,980 · management and general $3,847
-
14 · Information technology
total $22,875 · program services $4,527 · management and general $18,348
-
16 · Occupancy
total $20,206 · management and general $20,206
-
17 · Travel
total $104,462 · program services $104,380 · management and general $82
-
19 · Conferences, conventions and meetings
total $1,134,008 · program services $1,133,928 · management and general $80
-
23 · Insurance
total $5,357 · management and general $5,357
-
24a · Other expenses: PROFIT SHARE
total $303,403 · program services $303,403
-
24b · Other expenses: BANK FEES
total $11,556 · management and general $11,556
-
24c · Other expenses: OTHER BUSINESS EXPENSES
total $1,593 · program services $1,521 · management and general $72
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,267,242 · end of year $1,554,215
-
3 · Pledges and grants receivable
beginning of year $8,167 · end of year $3,250
-
4 · Accounts receivable
beginning of year $210,862 · end of year $162,277
-
9 · Prepaid expenses and deferred charges
beginning of year $95,234 · end of year $143,445
-
11 · Investments: publicly traded securities
beginning of year $3,039,683 · end of year $3,453,858
-
14 · Intangible assets
beginning of year $500,000 · end of year $500,000
-
15 · Other assets
beginning of year $43,758 · end of year $35,209
-
17 · Accounts payable and accrued expenses
beginning of year $776,740 · end of year $919,526
-
19 · Deferred revenue
beginning of year $175,300 · end of year $168,550
-
25 · Other liabilities
beginning of year $46,836 · end of year $38,415
-
27 · Net assets without donor restrictions
beginning of year $2,166,993 · end of year $2,546,418
-
28 · Net assets with donor restrictions
beginning of year $1,999,077 · end of year $2,179,345
Mission and programs · 2024
Mission
THE KNEE SOCIETY OPERATES TO PROMOTE OUTSTANDING CARE TO PATIENTS WITH KNEE DISORDERS THROUGH INNOVATIVE RESEARCH AND EDUCATION.
-
EDUCATIONAL EVENTS ARE DESIGNED TO PROVIDE PRACTICING ORTHOPAEDIC SURGEONS WITH CURRENT INFORMATION REGARDING DISORDERS OF THE KNEE, SURGICAL AND NON-SURGICAL TREATMENTS FOR THE KNEE, AND EMERGING TECHNOLOGY. SCIENTIFIC PAPERS AND SYMPOSIA WILL PRESENT INFORMATION ON TOTAL KNEE ARTHROPLASTY TO ENGANCE THE CARE OF PATIENTS WITH PAINFUL, ARTHITIC KNEE JOINTS. THE SOCIETY ALSO PROVIDES MEMBERS WITH THE ABILITY TO ORGANIZE VARIOUS EDUCATIONAL SEMINARS AND LECTURES PROVIDED ON INTERIM BASIS.
Expenses $1,860,868 · Grants $14,016 · Revenue $1,895,623
As filed on the 2024 return.
Listed in Part VII
-
Henry D Clarke MDHENRY D CLARKE MD
PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Steven B Haas MDSTEVEN B HAAS MD
1ST VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Craig J Della Valle MDCRAIG J DELLA VALLE MD
2ND VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Richard Iorio MDRICHARD IORIO MD
3RD VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
William J Maloney III MDWILLIAM J MALONEY III MD
IMMEDIATE PAST PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Scott M Sporer MDSCOTT M SPORER MD
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Michael A Mont MDMICHAEL A MONT MD
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
David J Mayman MDDAVID J MAYMAN MD
COMMITTEE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
James A Browne MDJAMES A BROWNE MD
COMMITTEE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Gwo-Chin Lee MDGWO-CHIN LEE MD
COMMITTEE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
William G Hamilton MDWILLIAM G HAMILTON MD
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Jess H Lonner MDJESS H LONNER MD
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Shuichi Matsuda MDSHUICHI MATSUDA MD
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Olga FoleyOLGA FOLEY
EXECUTIVE DIRECTOR
- Total calculated
- $0
- Hours/week
- 40
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.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 4 August 2025
- IRS schema version
- 2024v5.2
- Source object
- 202522179349301112
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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