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← HIP SOCIETY

Form 990 for tax year 2023

Filed by HIP SOCIETY.

Totals

Total revenue
$962,066
Total expenses
$877,442
Contributions and grants received
$365,272
Grants paid
$16,500
Program service revenue
$437,470
Investment income
$155,554
Other revenue
$3,770
Total assets, end of year
$6,751,603
Total liabilities, end of year
$210,277
Net assets or fund balances, end of year
$6,541,326
Program services expenses (Part IX)
$676,461
Management and general expenses
$196,532
Fundraising expenses
$4,449
Program service expenses (Part III)
$676,461

Program services were 77.1% 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.

  • 1b · Membership dues

    $189,300

  • 1f · All other contributions, gifts and grants

    $175,972

  • 2a · Program service revenue: EDUCATION AND REGISTRATION

    total $437,470 · related or exempt $437,470

  • 3 · Investment income

    total $108,561 · excluded $108,561

  • 7a · Gross sales of assets other than inventory

    securities $1,266,263

  • 7b · Less cost or other basis and sales expenses

    securities $1,219,270

  • 7c · Gain or loss

    securities $46,993

  • 7d · Net gain or loss

    total $46,993 · excluded $46,993

  • 11a · Other revenue: MISCELLANEOUS REVENUE

    total $2,500 · excluded $2,500

  • 11b · Other revenue: DIVVY REWARDS

    total $1,270 · excluded $1,270

  • 11e · Other revenue, total

    $3,770

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $12,500 · program services $12,500

  • 2 · Grants to domestic individuals

    total $4,000 · program services $4,000

  • 5 · Compensation of officers, directors and key employees

    total $78,891 · program services $62,979 · management and general $14,563 · fundraising $1,349

  • 7 · Other salaries and wages

    total $84,710 · program services $67,623 · management and general $15,638 · fundraising $1,449

  • 8 · Pension plan contributions

    total $5,818 · program services $4,645 · management and general $1,074 · fundraising $99

  • 10 · Payroll taxes

    total $48,922 · program services $39,054 · management and general $9,031 · fundraising $837

  • 11c · Fees: accounting

    total $15,101 · management and general $15,101

  • 11f · Fees: investment management

    total $32,448 · management and general $32,448

  • 11g · Fees: other

    total $153,357 · program services $104,511 · management and general $48,131 · fundraising $715

  • 12 · Advertising and promotion

    total $5,034 · program services $4,370 · management and general $664

  • 13 · Office expenses

    total $3,369 · program services $1,253 · management and general $2,116

  • 14 · Information technology

    total $35,150 · program services $13,060 · management and general $22,090

  • 16 · Occupancy

    total $20,763 · program services $3,698 · management and general $17,065

  • 17 · Travel

    total $94,316 · program services $94,213 · management and general $103

  • 19 · Conferences, conventions and meetings

    total $261,483 · program services $261,363 · management and general $120

  • 23 · Insurance

    total $3,919 · management and general $3,919

  • 24a · Other expenses: BANK FEES

    total $10,409 · management and general $10,409

  • 24b · Other expenses: OTHER BUSINESS EXPENSES

    total $7,252 · program services $3,192 · management and general $4,060

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $395,136 · end of year $547,197

  • 3 · Pledges and grants receivable

    beginning of year $23,892 · end of year $15,542

  • 4 · Accounts receivable

    beginning of year $396,117 · end of year $206,969

  • 9 · Prepaid expenses and deferred charges

    beginning of year $81,937 · end of year $79,266

  • 11 · Investments: publicly traded securities

    beginning of year $4,797,845 · end of year $5,358,934

  • 15 · Other assets

    beginning of year $552,172 · end of year $543,695

  • 17 · Accounts payable and accrued expenses

    beginning of year $106,118 · end of year $40,250

  • 19 · Deferred revenue

    beginning of year $177,270 · end of year $123,275

  • 25 · Other liabilities

    beginning of year $55,355 · end of year $46,752

  • 27 · Net assets without donor restrictions

    beginning of year $1,808,126 · end of year $1,993,763

  • 28 · Net assets with donor restrictions

    beginning of year $4,100,230 · end of year $4,547,563

Mission and programs · 2023

Mission

TO ADVANCE KNOWLEDGE OF HIP DISORDERS, PROMOTE EVIDENCE-BASED TREATMENT, AND REFINE SUREGERY OF THE HIP IN ORDER TO IMPROVE THE LIVES OF PATIENTS.

Activities or mission (Part I)

TO ADVANCE KNOWLEDGE OF HIP DISORDERS, PROMOTE EVIDENCE-BASED TREATMENT, AND REFINE SURGERY OF THE HIP IN ORDER TO IMPROVE THE LIVES OF PATIENTS.

  • MEETINGS FOR ORTHOPAEDIC SURGEONS AND ENGINEERS WHO HAVE AN INTEREST IN THE HIP SURGERY AND FULL DAY EDUCATIONAL PROGRAM DIVIDED INTO SYMPOSIA AND A SESSION OF AWARD PAPERS.

    Expenses $487,265 · Grants $4,000 · Revenue $437,470

  • AWARDS TO ORGANIZATIONS TO PROMOTE RESEARCH IN THE FIELD OF ORTHOPAEDIC SURGERY.

    Expenses $189,196 · Grants $12,500

As filed on the 2023 return.

Listed in Part VII

  • William MacAulay MD

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Jay R Lieberman MD

    IMMEDIATE PAST PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • William A Jiranek MD

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Don S Garbuz MD

    1ST VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Steven J MacDonald MD

    2ND VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • John C Clohisy MD

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Mathias Pg Bostrom MD

    3RD VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Michael P Bolognesi MD

    COMMITTEE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Michael A Mont MD

    COMMITTEE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Rafael J Sierra MD

    COMMITTEE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Keith R Berend MD

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Olga Foley

    EXECUTIVE DIRECTOR

    Total calculated
    $191,636
    From this org
    $157,783
    From related orgs
    $0
    Other
    $33,853
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $157,783
    Bonus
    $0
    Other
    $0
    Deferred
    $6,311
    Nontaxable benefits
    $27,542
    Filer's total
    $191,636

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

  • 3 · Approval by the board or compensation committee

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

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

Provenance

Return type
form_990
Tax year
2023
Filed
25 July 2024
IRS schema version
2023v5.1
Source object
202442259349300109

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