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Nonprofiteer
← ARTHROSCOPY ASSOCIATION OF NORTH AMERICA INC

Form 990 for tax year 2022

Filed by ARTHROSCOPY ASSOCIATION OF NORTH AMERICA INC.

Totals

Total revenue
$8,686,132
Total expenses
$8,499,006
Contributions and grants received
$1,844,556
Grants paid
$778,989
Program service revenue
$4,720,219
Investment income
$185,678
Other revenue
$1,935,679
Total assets, end of year
$10,928,722
Total liabilities, end of year
$3,794,194
Net assets or fund balances, end of year
$7,134,528
Program services expenses (Part IX)
$7,434,593
Management and general expenses
$1,064,413
Fundraising expenses
$0
Program service expenses (Part III)
$7,434,593

Program services were 87.5% 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.

  • 1d · Related organizations

    $834,699

  • 1e · Government grants (contributions)

    $375,857

  • 1f · All other contributions, gifts and grants

    $634,000

  • 2a · Program service revenue: MEMBERSHIP DUES

    total $1,961,165 · related or exempt $1,961,165

  • 2b · Program service revenue: EDUCATIONAL MEETINGS

    total $1,473,231 · related or exempt $1,473,231

  • 2c · Program service revenue: MASTERS EXPERIENCE COURSE

    total $725,331 · related or exempt $725,331

  • 2d · Program service revenue: EDITORIAL SUPPORT

    total $550,952 · related or exempt $550,952

  • 2e · Program service revenue: APPLICATION/INITIATION FEES

    total $9,500 · related or exempt $9,500

  • 2f · All other program service revenue

    total $40 · related or exempt $40

  • 3 · Investment income

    total $136,557 · excluded $136,557

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

    total $0

  • 5 · Royalties

    total $1,778,115 · excluded $1,778,115

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 6d · Net rental income or loss

    total $0

  • 7a · Gross sales of assets other than inventory

    securities $2,610,397

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

    securities $2,561,276

  • 7c · Gain or loss

    securities $49,121

  • 7d · Net gain or loss

    total $49,121 · excluded $49,121

  • 8a · Fundraising events: gross income

    $0

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $0

  • 11a · Other revenue: GAIN ON P-SHIP INVESTMENT

    total $64,309 · excluded $64,309

  • 11b · Other revenue: MANAGEMENT FEE REVENUE

    total $92,420 · excluded $92,420

  • 11c · Other revenue: MISC REVENUE - SUMMER BOARD MEETING

    total $835 · excluded $835

  • 11e · Other revenue, total

    $157,564

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $760,894 · program services $760,894

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $18,095 · program services $18,095

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $635,947 · program services $553,274 · management and general $82,673

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $1,376,638 · program services $1,095,926 · management and general $280,712

  • 8 · Pension plan contributions

    total $136,771 · program services $111,514 · management and general $25,257

  • 9 · Other employee benefits

    total $288,014 · program services $247,907 · management and general $40,107

  • 10 · Payroll taxes

    total $129,786 · program services $108,691 · management and general $21,095

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $56,857 · program services $54,331 · management and general $2,526

  • 11c · Fees: accounting

    total $42,357 · management and general $42,357

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $34,743 · management and general $34,743

  • 11g · Fees: other

    total $935,492 · program services $921,480 · management and general $14,012

  • 12 · Advertising and promotion

    total $101,901 · program services $101,881 · management and general $20

  • 13 · Office expenses

    total $59,965 · program services $40,882 · management and general $19,083

  • 14 · Information technology

    total $229,567 · program services $229,567

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $558,473 · program services $375,504 · management and general $182,969

  • 17 · Travel

    total $434,556 · program services $434,556

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $1,710,576 · program services $1,696,856 · management and general $13,720

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $139,228 · program services $139,228

  • 23 · Insurance

    total $97,734 · program services $27,348 · management and general $70,386

  • 24a · Other expenses: SERVICE & ADMIN FEES

    total $139,504 · program services $129,347 · management and general $10,157

  • 24b · Other expenses: LICENSE FEES & TAXES

    total $53,694 · program services $43,548 · management and general $10,146

  • 24c · Other expenses: DUES & SUBSCRIPTIONS

    total $9,159 · program services $9,159

  • 24d · Other expenses: REPAIRS & MAINTENANCE

    total $2,065 · management and general $2,065

  • 24e · All other expenses

    total $546,990 · program services $334,605 · management and general $212,385

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 $863,438 · end of year $1,101,322

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $2,890,294 · end of year $3,311,217

  • 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 $19,472 · end of year $9,227

  • 9 · Prepaid expenses and deferred charges

    beginning of year $443,581 · end of year $494,454

  • 10a · Land, buildings and equipment: cost or other basis

    $1,308,179

  • 10b · Land, buildings and equipment: accumulated depreciation

    $1,108,579

  • 10c · Land, buildings and equipment, net

    beginning of year $279,708 · end of year $199,600

  • 11 · Investments: publicly traded securities

    beginning of year $5,589,072 · end of year $4,703,554

  • 12 · Investments: other securities

    beginning of year $0 · end of year $0

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $694,415 · end of year $1,109,348

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,517,116 · end of year $1,819,055

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $1,364,034 · end of year $1,466,967

  • 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 $508,172

  • 27 · Net assets without donor restrictions

    beginning of year $7,898,830 · end of year $7,134,528

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2022

Mission

THE MISSION OF THE ARTHROSCOPY ASSOCIATION OF NORTH AMERICA IS TO ADVANCE THE ART AND SCIENCE OF ARTHROSCOPY AND MINIMALLY INVASIVE SURGERY THROUGH EDUCATION, SKILLS ASSESSMENT AND ADVOCACY.

Activities or mission (Part I)

THE ASSOCIATION IS DEDICATED TO ADVANCING MINIMALLY INVASIVE SURGICAL EDUCATION, ADVOCACY AND SKILLS ASSESSMENT TO IMPROVE PATIENT CARE.

  • ANNUAL AND INTERIM MEETINGS-THE ASSOCIATION HOLDS MEETINGS FOR MEMBERS AND OTHER MEDICAL PROFESSIONALS FOR THE PURPOSE OF DISCUSSING CURRENT TOPICS IN ARTHROSCOPIC SURGERY VIA CLINICAL PAPERS, COURSES AND SYMPOSIA.

    Expenses $1,461,252 · Revenue $1,473,231

  • SURGICAL SKILLS COURSES- THE ASSOCIATION PRESENTS COURSES ON ARTHROSCOPIC SURGICAL SKILLS, DIAGNOSIS, TREATMENT AND FOLLOW-UP. A PORTION OF THE GRANTS ARE SUPPORT OF A RELATED ORGANIZATION.

    Expenses $1,863,070 · Revenue $725,331

  • THE ASSOCIATION PRODUCES AND PROVIDES EDITORIAL DIRECTION TO A JOURNAL FOR MEMBERS AND OTHER MEDICAL PROFESSIONALS TO INCREASE THE LEVEL OF UNDERSTANDING IN THE FIELD OF ARTHROSCOPY.

    Expenses $1,021,392 · Revenue $2,512,117

  • RESEARCH OTHER

    Expenses $885,764 · Grants $778,989

  • Membership Services

    Expenses $508,903

  • Somos

    Expenses $269,246

  • APPLICATION FEE

    Expenses $1,424,966 · Revenue $9,500

  • Other

    Revenue $40

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Laura Downers

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $417,795
    From this org
    $396,717
    From related orgs
    $0
    Other
    $21,078
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $335,029
    Bonus
    $40,000
    Other
    $21,688
    Deferred
    $0
    Nontaxable benefits
    $21,078
    Filer's total
    $417,795

  • Christine Nogal

    CHIEF OPERATIONS & BUSINESS DE

    Total calculated
    $218,152
    From this org
    $186,867
    From related orgs
    $0
    Other
    $31,285
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $166,453
    Bonus
    $14,425
    Other
    $5,989
    Deferred
    $0
    Nontaxable benefits
    $31,285
    Filer's total
    $218,152

  • Dennis Siena

    VICE PRESIDENT OF FINANCE

    Total calculated
    $213,922
    From this org
    $181,795
    From related orgs
    $0
    Other
    $32,127
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $149,918
    Bonus
    $15,500
    Other
    $16,377
    Deferred
    $0
    Nontaxable benefits
    $32,127
    Filer's total
    $213,922

  • Kim Santaniello

    VICE PRESIDENT OF EDUCATION AN

    Total calculated
    $205,639
    From this org
    $181,877
    From related orgs
    $0
    Other
    $23,762
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $165,609
    Bonus
    $15,669
    Other
    $599
    Deferred
    $0
    Nontaxable benefits
    $23,762
    Filer's total
    $205,639

  • Carrie Corona

    SR. ACCOUNTING & ADMINISTRATIV

    Total calculated
    $131,834
    From this org
    $97,550
    From related orgs
    $0
    Other
    $34,284
    Hours/week
    40

  • Frances Y Park

    DIRECTOR OF MEETINGS

    Total calculated
    $126,439
    From this org
    $114,620
    From related orgs
    $0
    Other
    $11,819
    Hours/week
    40

  • Adam Flutz

    DIRECTOR OF IT

    Total calculated
    $111,393
    From this org
    $97,883
    From related orgs
    $0
    Other
    $13,510
    Hours/week
    40

  • Allan Curtis MD

    2ND VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • James Stone MD

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • John Tokish MD

    1ST VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • John Kelly MD

    SECRETARY

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • Kevin F Bonner MD

    TREASURER

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • Mark Getelman MD

    IMMEDIATE PAST PRESIDENT

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • Brian Cole MD

    PAST PRESIDENT

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • Paul Caldwell MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • Jason Dragoo MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • Mary K Mulcahey MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • Kevin Plancher MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • Joseph Tauro MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • Brian Waterman MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • Ivan Wong MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 1 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

  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 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

The 10 largest by cash amount. The API serves every itemized grant.

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
15 November 2023
IRS schema version
2022v5.0
Source object
202322419349300112

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