Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1f · All other contributions, gifts and grants

  $1,634,009

• 3 · Investment income

  total $225,450 · excluded $225,450

• 7a · Gross sales of assets other than inventory

  securities $980,786

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

  securities $975,106

• 7c · Gain or loss

  securities $5,680

• 7d · Net gain or loss

  total $5,680 · excluded $5,680

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $1,574,335 · program services $1,574,335

• 11b · Fees: legal

  total $324 · management and general $324

• 11c · Fees: accounting

  total $29,641 · management and general $29,641

• 11f · Fees: investment management

  total $68,229 · management and general $68,229

• 17 · Travel

  total $9,765 · management and general $9,765

• 19 · Conferences, conventions and meetings

  total $4,241 · management and general $4,241

• 24a · Other expenses: HUMANITARIAN OUTREACH

  total $16,561 · program services $16,561

• 24b · Other expenses: FUNDRAISING

  total $16,430 · fundraising $16,430

• 24c · Other expenses: BANK AND CREDIT CARD FE

  total $3,203 · management and general $3,203

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $779,311 · end of year $345,471

• 2 · Savings and temporary cash investments

  beginning of year $341,414 · end of year $363,389

• 3 · Pledges and grants receivable

  beginning of year $4,078 · end of year $75,550

• 4 · Accounts receivable

  beginning of year $28,843

• 9 · Prepaid expenses and deferred charges

  beginning of year $12,000

• 11 · Investments: publicly traded securities

  beginning of year $8,148,169 · end of year $10,668,575

• 19 · Deferred revenue

  beginning of year $21,000 · end of year $200,000

• 25 · Other liabilities

  beginning of year $64,696 · end of year $289,476

• 27 · Net assets without donor restrictions

  beginning of year $8,711,781 · end of year $10,417,705

• 28 · Net assets with donor restrictions

  beginning of year $516,338 · end of year $545,804

The filer's explanations (Part III)

SCHEDULE J, PART I, LINE 3

THE TOP MANAGEMENT OFFICIAL IS NOT COMPENSATED BY THE REPORTING ORGANIZATION. THE REPORTING ORGANIZATION RELIES ON AMERICAN ORTHOPAEDIC FOOT & ANKLE SOCIETY (AOFAS), A RELATED ORGANIZATION TO ESTABLISH COMPENSATION FOR THE TOP MANAGEMENT OFFICIAL. THE PROCESS OF THE RELATED ORGANIZATION IS THAT THE EXECUTIVE DIRECTOR HAS AN ANNUAL REVIEW BY THE EXECUTIVE COMMITTEE OF THE BOARD. THE EXECUTIVE DIRECTOR'S COMPENSATION IS COMPARED TO DATA ON COMPENSATION OF EXECUTIVE DIRECTORS WITH COMPARABLE POSITIONS AT SIMILAR ORGANIZATIONS. THE EXECUTIVE DIRECTOR HAS A SIGNED LETTER OF AGREEMENT WITH AOFAS THAT DEFINES COMPENSATION FOR SPECIFIED PERIODS OF TIME AND ELIGIBILITY FOR A BONUS. A BONUS IS GIVEN ON THE DECISION OF THE EXECUTIVE COMMITTEE BASED ON THE ANNUAL REVIEW, IS REPORTED TO THE BOARD BY THE PRESIDENT, AND IS DOCUMENTED IN WRITING TO THE EXECUTIVE DIRECTOR BY THE PRESIDENT.