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← ARTHROSCOPY ASSOCIATION OF NORTH AMERICA EDUCATION FOUNDATION

Form 990 for tax year 2024

Filed by ARTHROSCOPY ASSOCIATION OF NORTH AMERICA EDUCATION FOUNDATION.

Totals

Total revenue
$1,336,605
Total expenses
$837,467
Contributions and grants received
$590,138
Grants paid
$344,010
Program service revenue
$0
Investment income
$745,636
Other revenue
$831
Total assets, end of year
$18,558,876
Total liabilities, end of year
$1,898,802
Net assets or fund balances, end of year
$16,660,074
Program services expenses (Part IX)
$685,490
Management and general expenses
$38,868
Fundraising expenses
$113,109
Program service expenses (Part III)
$685,490

Program services were 81.9% 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.

  • 1a · Federated campaigns

    $0

  • 1b · Membership dues

    $0

  • 1c · Fundraising events

    $0

  • 1d · Related organizations

    $0

  • 1e · Government grants (contributions)

    $0

  • 1f · All other contributions, gifts and grants

    $590,138

  • 1g · Noncash contributions included above

    $5,062

  • 2a · Program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 2b · Program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 2c · Program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 2d · Program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 2e · Program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $386,856 · related or exempt $0 · unrelated business $0 · excluded $386,856

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 5 · Royalties

    total $831 · related or exempt $0 · unrelated business $0 · excluded $831

  • 6a · Gross rents

    real property $0 · personal property $0

  • 6b · Less rental expenses

    real property $0 · personal property $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 6d · Net rental income or loss

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 7a · Gross sales of assets other than inventory

    securities $3,560,751 · other assets $0

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

    securities $3,201,971 · other assets $0

  • 7c · Gain or loss

    securities $358,780 · other assets $0

  • 7d · Net gain or loss

    total $358,780 · related or exempt $0 · unrelated business $0 · excluded $358,780

  • 8a · Fundraising events: gross income

    $0

  • 8a · Fundraising events: contributions included on line 1c

    $0

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0 · unrelated business $0 · excluded $0

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11a · Other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11b · Other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11c · Other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $308,886 · program services $308,886

  • 2 · Grants to domestic individuals

    total $24,148 · program services $24,148

  • 3 · Grants to foreign organizations and individuals

    total $10,976 · program services $10,976

  • 4 · Benefits paid to or for members

    total $0 · program services $0

  • 5 · Compensation of officers, directors and key employees

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 6 · Compensation of disqualified persons

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 7 · Other salaries and wages

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 8 · Pension plan contributions

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 9 · Other employee benefits

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 10 · Payroll taxes

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11a · Fees: management

    total $292,561 · program services $169,685 · management and general $23,405 · fundraising $99,471

  • 11b · Fees: legal

    total $1,333 · program services $1,333 · management and general $0 · fundraising $0

  • 11c · Fees: accounting

    total $2,260 · program services $0 · management and general $2,260 · fundraising $0

  • 11d · Fees: lobbying

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11e · Fees: professional fundraising services

    total $11,151 · fundraising $11,151

  • 11f · Fees: investment management

    total $80,190 · program services $80,190 · management and general $0 · fundraising $0

  • 11g · Fees: other

    total $10,928 · program services $10,928 · management and general $0 · fundraising $0

  • 12 · Advertising and promotion

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 13 · Office expenses

    total $2,590 · program services $2,590 · management and general $0 · fundraising $0

  • 14 · Information technology

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 15 · Royalties

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 16 · Occupancy

    total $630 · program services $630 · management and general $0 · fundraising $0

  • 17 · Travel

    total $8,090 · program services $8,090 · management and general $0 · fundraising $0

  • 18 · Travel or entertainment for public officials

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 19 · Conferences, conventions and meetings

    total $18,224 · program services $16,015 · management and general $0 · fundraising $2,209

  • 20 · Interest

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 21 · Payments to affiliates

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 23 · Insurance

    total $12,229 · program services $12,229 · management and general $0 · fundraising $0

  • 24a · Other expenses: Consulting Fees

    total $36,623 · program services $36,623 · management and general $0 · fundraising $0

  • 24b · Other expenses: Bad Debt

    total $13,000 · program services $0 · management and general $13,000 · fundraising $0

  • 24c · Other expenses: Licensing Fees

    total $2,168 · program services $2,168 · management and general $0 · fundraising $0

  • 24d · Other expenses: MISCELLANEOUS

    total $1,480 · program services $999 · management and general $203 · fundraising $278

  • 24e · All other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $0 · end of year $0

  • 2 · Savings and temporary cash investments

    beginning of year $896,325 · end of year $564,124

  • 3 · Pledges and grants receivable

    beginning of year $166,743 · end of year $200,373

  • 4 · Accounts receivable

    beginning of year $1,282,975 · end of year $1,242,592

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,724 · 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

  • 11 · Investments: publicly traded securities

    beginning of year $14,214,891 · end of year $16,367,008

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 14 · Intangible assets

    beginning of year $181,039 · end of year $184,779

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,469,966 · end of year $1,898,802

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $0 · end of year $0

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $0 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $14,106,988 · end of year $16,446,201

  • 28 · Net assets with donor restrictions

    beginning of year $166,743 · end of year $213,873

  • 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 · 2024

Mission

TO SUPPORT INNOVATIVE EDUCATION AND RESEARCH THAT FACILITATES ADVANCES IN THE FIELD OF ARTHROSCOPY

Activities or mission (Part I)

TO ADVANCE THE STUDY AND PRACTICE OF ARTHROSCOPY

  • TO PROMOTE AND SUPPORT RESEARCH AND EDUCATION TO HELP FACILITATE ADVANCES IN THE MEDICAL FIELD OF ARTHROSCOPY

    Expenses $685,490 · Grants $344,010

As filed on the 2024 return.

Listed in Part VII

  • Alan Curtis MD

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • James Stone MD

    PAST PRESIDENT

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Jason Dragoo MD

    TREASURER

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • John Kelly MD

    1ST VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • John Tokish MD

    IMEDIATE PAST PRESIDENT

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Jospeh Tauro MD

    SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Kevin Bonner MD

    2ND VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Aaron Krych MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Augustus Mazzocca MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Don Buford MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Jeanne Patzkowski MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Kevin Plancher MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Laura Alberton MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Michael O'Brien MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Laura Downes

    EXECUTIVE DIRECTOR

    Total calculated
    $510,236
    From this org
    $0
    From related orgs
    $449,012
    Other
    $61,224
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $407,795 related
    Bonus
    $0 + $40,000 related
    Other
    $0 + $1,217 related
    Deferred
    $0 + $29,370 related
    Nontaxable benefits
    $0 + $31,854 related
    Filer's total
    $0 + $510,236 related

  • Christine Nogal

    CHIEF OPPERATING AND BUSINESS DEVELOPMENT OFFICER

    Total calculated
    $259,041
    From this org
    $0
    From related orgs
    $199,956
    Other
    $59,085
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $193,775 related
    Bonus
    $0 + $6,000 related
    Other
    $0 + $181 related
    Deferred
    $0 + $14,861 related
    Nontaxable benefits
    $0 + $44,224 related
    Filer's total
    $0 + $259,041 related

  • Terri Bruce

    DIRECTOR OF DEVELOPMENT

    Total calculated
    $151,774
    From this org
    $0
    From related orgs
    $128,219
    Other
    $23,555
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $0 + $127,231 related
    Bonus
    $0
    Other
    $0 + $988 related
    Deferred
    $0 + $7,240 related
    Nontaxable benefits
    $0 + $16,315 related
    Filer's total
    $0 + $151,774 related

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)

Schedule J, Part I, Line 3
ARTHROSCOPY ASSOCIATION OF NORTH AMERICA USES WRITTEN EMPLOYMENT CONTRACT, COMPENSATION SURVEY OR STUDY, AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE TO ESTABLISH THE COMPENSATION OF THE ORGANIZATION'S CEO.

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
2024
Filed
28 October 2025
IRS schema version
2024v5.1
Source object
202503019349301425

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