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Nonprofiteer
← AMERICAN SHOULDER AND ELBOW

Form 990 for tax year 2023

Filed by AMERICAN SHOULDER AND ELBOW.

Totals

Total revenue
$3,728,578
Total expenses
$3,052,677
Contributions and grants received
$814,100
Grants paid
$27,286
Program service revenue
$2,601,865
Investment income
$246,007
Other revenue
$66,606
Total assets, end of year
$8,304,220
Total liabilities, end of year
$1,038,956
Net assets or fund balances, end of year
$7,265,264
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

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

    $774,100

  • 1f · All other contributions, gifts and grants

    $40,000

  • 2a · Program service revenue: PUBLICATIONS

    total $909,729 · related or exempt $909,729

  • 2b · Program service revenue: SPONSORSHIP & EXHIBIT

    total $847,023 · related or exempt $830,523 · unrelated business $16,500

  • 2c · Program service revenue: EDUCATION/REGISTRATION

    total $845,113 · related or exempt $845,113

  • 3 · Investment income

    total $246,007 · excluded $246,007

  • 11a · Other revenue: MISCELLANEOUS REVENUE

    total $66,606 · related or exempt $66,606

  • 11e · Other revenue, total

    $66,606

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $16,036

  • 2 · Grants to domestic individuals

    total $11,250

  • 5 · Compensation of officers, directors and key employees

    total $262,318

  • 7 · Other salaries and wages

    total $208,658

  • 8 · Pension plan contributions

    total $33,318

  • 10 · Payroll taxes

    total $103,695

  • 11b · Fees: legal

    total $10,909

  • 11c · Fees: accounting

    total $18,290

  • 11f · Fees: investment management

    total $35,000

  • 12 · Advertising and promotion

    total $7,662

  • 13 · Office expenses

    total $83,478

  • 14 · Information technology

    total $146,970

  • 16 · Occupancy

    total $54,613

  • 17 · Travel

    total $138,145

  • 23 · Insurance

    total $22,341

  • 24a · Other expenses: FOOD & BEVERAGE

    total $757,548

  • 24b · Other expenses: CONTRACTORS

    total $535,365

  • 24c · Other expenses: CONTRIBUTIONS/ GRANTS

    total $263,570

  • 24d · Other expenses: FACILITIES RENTAL

    total $95,968

  • 24e · All other expenses

    total $247,543

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $915,720 · end of year $712,720

  • 4 · Accounts receivable

    beginning of year $222,380 · end of year $230,010

  • 9 · Prepaid expenses and deferred charges

    beginning of year $51,501 · end of year $22,875

  • 11 · Investments: publicly traded securities

    beginning of year $5,690,789 · end of year $7,228,037

  • 15 · Other assets

    beginning of year $132,356 · end of year $110,578

  • 17 · Accounts payable and accrued expenses

    beginning of year $96,049 · end of year $94,346

  • 19 · Deferred revenue

    beginning of year $760,305 · end of year $823,389

  • 25 · Other liabilities

    beginning of year $143,271 · end of year $121,221

  • 27 · Net assets without donor restrictions

    beginning of year $6,013,121 · end of year $7,265,264

Mission and programs · 2023

Mission

THE AMERICAN SHOULDER AND ELBOW SURGEONS (THE "SOCIETY") IS A NATIONAL NOT-FOR-PROFIT CORPORATION ORGANIZED TO SERVE PATIENTS, MEMBERS, AND SOCIETY BY ADVANCING SHOULDER AND ELBOW CARE.

  • THE SOCIETY ORGANIZES EDUCATIONAL MEDICAL CONFERENCES TO DISSEMINATE THE DEVELOPMENT OF PROCEDURES RELATING TO SURGERY OF THE SHOULDER AND ELBOW.

  • PUBLICATION OF MEDICAL JOURNALS AND PERIODIC NEWSSLETTER DISSEMINATING INFORMATION RELATIVE TO DEVELOPMENTS IN THE EXPANDING FIELD OF KNOWLEDGE OF SURGERY OF THE SHOULDER AND ELBOW.

  • THE OBJECTIVE OF THE ASES RESEARCH GRANT IS TO ENCOURAGE NEW INVESTIGATORS BY PROVIDING SEED AND START-UP FUNDING FOR PROMISING SHOULDER AND ELBOW RESEARCH

As filed on the 2023 return.

Listed in Part VII

  • MARK A FRANKLE MD

    PAST PRESIDENT

    Total calculated
    $0
    Hours/week
    3

  • XAVIER A DURALDE MD

    IMMEDIATE PAST PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • PETER B MACDONALD MD FRCSC

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • CHARLES L GETZ MD

    SECRETARY/ TREASURER

    Total calculated
    $0
    Hours/week
    1

  • JOAQUIN SANCHEZ-SOTELO MD PHD

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • GEORGE S ATHWAL MD FRCSC

    MEMBER AT LARGE

    Total calculated
    $0
    Hours/week
    1

  • JULIE BISHOP MD

    SEC/ TREASURER ELECT

    Total calculated
    $0
    Hours/week
    1

  • JOHN E KUHN MD

    PRESIDENT ELECT

    Total calculated
    $55,000
    From this org
    $55,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • LAWRENCE V GULOTTA MD

    MEMBER AT LARGE

    Total calculated
    $0
    Hours/week
    1

  • JOSEPH A ABBOUD MD

    ASESF REPRESENTATIVE

    Total calculated
    $0
    Hours/week
    1

  • ANNA QUINTANILLA

    EXECUTIVE DIRECTOR

    Total calculated
    $219,757
    From this org
    $207,318
    From related orgs
    $0
    Other
    $12,439
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $207,318
    Bonus
    $0
    Other
    $0
    Deferred
    $12,439
    Nontaxable benefits
    $0
    Filer's total
    $219,757

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

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.

  • ASES FOUNDATION

    501(C)(3) · EDUCATION · IL · controlled entity

    Directly controlled by ASES

Provenance

Return type
form_990
Tax year
2023
Filed
24 July 2024
IRS schema version
2023v5.1
Source object
202402149349300340

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