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← AMERICAN COLLEGE OF SURGEONS FOUNDATION

Form 990 for tax year 2022

Filed by AMERICAN COLLEGE OF SURGEONS FOUNDATION.

Totals

Total revenue
$566,384
Total expenses
$566,384
Contributions and grants received
$566,384
Grants paid
$548,654
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$64,957
Total liabilities, end of year
$64,957
Net assets or fund balances, end of year
$0
Program services expenses (Part IX)
$556,732
Management and general expenses
$9,652
Fundraising expenses
$0
Program service expenses (Part III)
$556,732

Program services were 98.3% 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

    $566,384

  • 1g · Noncash contributions included above

    $2,231

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $548,654 · program services $548,654

  • 13 · Office expenses

    total $9,652 · management and general $9,652

  • 23 · Insurance

    total $7,283 · program services $7,283

  • 24a · Other expenses: BAD DEBT

    total $795 · program services $795

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $346,739 · end of year $58,033

  • 4 · Accounts receivable

    beginning of year $7,179 · end of year $6,924

  • 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 $353,918 · end of year $64,957

  • 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 · 2022

Mission

THE PURPOSE OF THE FOUNDATION IS TO SUPPORT THE CHARITABLE AND EDUCATIONAL WORK OF THE AMERICAN COLLEGE OF SURGEONS.

Activities or mission (Part I)

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 2023 THE COLLEGE RECEIVED GIFTS OF $548,654 FROM THE AMERICAN COLLEGE OF SURGEONS FOUNDATION.

    Expenses $556,732 · Grants $548,654

As filed on the 2022 return.

Listed in Part VII

  • Patricia L Turner

    PRESIDENT AND DIRECTOR

    Total calculated
    $948,276
    From this org
    $0
    From related orgs
    $1,001,129
    Other
    -$52,853
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,000,012 related
    Bonus
    $0 + $841 related
    Other
    $0 + $276 related
    Deferred
    $0 + -$54,271 related
    Nontaxable benefits
    $0 + $1,418 related
    Filer's total
    $0 + $948,276 related

  • Shane R Hollett

    FOUNDATION EXECUTIVE DIRECTOR

    Total calculated
    $281,855
    From this org
    $0
    From related orgs
    $281,855
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $280,439 related
    Bonus
    $0 + $798 related
    Other
    $0 + $618 related
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $281,855 related

  • Gay L Vincent

    CFO

    Total calculated
    $252,764
    From this org
    $0
    From related orgs
    $652,267
    Other
    -$399,503
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $648,683 related
    Bonus
    $0 + $1,112 related
    Other
    $0 + $2,472 related
    Deferred
    $0 + -$440,135 related
    Nontaxable benefits
    $0 + $40,632 related
    Filer's total
    $0 + $252,764 related

  • Paige A Rodgers

    CFO (AS OF 06/23)

    Total calculated
    $0
    Hours/week
    1 + 39 related

  • E Christopher Ellison

    ACS PRESIDENT & DIR. (AS OF 10/22)

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Julie Ann Freischlag

    ACS PRESIDENT & DIR. (THRU 10/22)

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Don K Nakayama

    TREASURER

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Danny Robinette

    CHAIR & DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • H Randolph Bailey

    VICE CHAIR & DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Nicolas J Mouawad

    SECRETARY & DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Mary O Aaland

    DIRECTOR (THRU 10/22)

    Total calculated
    $0
    Hours/week
    1

  • Arthur Cooper

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kirby Gross

    DIRECTOR (THRU 10/22)

    Total calculated
    $0
    Hours/week
    1

  • Raymond F Morgan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Alan B Pillersdorf

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Hilary A Sanfey

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • John H Stewart IV

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Robert P Sticca

    DIRECTOR (THRU 10/22)

    Total calculated
    $0
    Hours/week
    1

  • Sherry M Wren

    DIRECTOR (THRU 10/22)

    Total calculated
    $0
    Hours/week
    1

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
2022
Filed
1 February 2024
IRS schema version
2022v5.0
Source object
202400329349301850

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