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← AMERICAN SOCIETY FOR SURGERY OF THE HAND

Form 990 for tax year 2022

Filed by AMERICAN SOCIETY FOR SURGERY OF THE HAND.

Totals

Total revenue
$18,911,269
Total expenses
$10,940,365
Contributions and grants received
$2,475,804
Grants paid
$1,684,567
Program service revenue
$8,383,372
Investment income
$7,511,551
Other revenue
$540,542
Total assets, end of year
$35,981,737
Total liabilities, end of year
$4,283,481
Net assets or fund balances, end of year
$31,698,256
Program services expenses (Part IX)
$7,587,693
Management and general expenses
$3,352,672
Fundraising expenses
$0
Program service expenses (Part III)
$7,587,693

Program services were 69.4% 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

    $1,213,537

  • 1e · Government grants (contributions)

    $75,957

  • 1f · All other contributions, gifts and grants

    $1,186,310

  • 2a · Program service revenue: ANNUAL MEETING

    total $3,080,802 · related or exempt $2,129,744 · excluded $951,058

  • 2b · Program service revenue: PUBLICATIONS

    total $2,590,316 · related or exempt $2,590,316

  • 2c · Program service revenue: MEMBERSHIP DUES

    total $2,340,876 · related or exempt $2,340,876

  • 2d · Program service revenue: FELLOWSHIP APPLIC REV

    total $228,630 · related or exempt $228,630

  • 2e · Program service revenue: COURSES

    total $142,748 · related or exempt $142,748

  • 3 · Investment income

    total $821,974 · excluded $821,974

  • 5 · Royalties

    total $114,250 · related or exempt $114,250

  • 6a · Gross rents

    real property $89,060

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $89,060

  • 6d · Net rental income or loss

    total $89,060 · excluded $89,060

  • 7a · Gross sales of assets other than inventory

    securities $32,579,201

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

    securities $25,889,624

  • 7c · Gain or loss

    securities $6,689,577

  • 7d · Net gain or loss

    total $6,689,577 · excluded $6,689,577

  • 10a · Gross sales of inventory

    $308,129

  • 10b · Cost of goods sold

    $50,131

  • 10c · Net income from sales of inventory

    total $257,998 · related or exempt $257,998

  • 11a · Other revenue: MISCELLANEOUS REVENUE

    total $79,234 · excluded $79,234

  • 11e · Other revenue, total

    $79,234

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,645,567 · program services $1,645,567

  • 2 · Grants to domestic individuals

    total $35,000 · program services $35,000

  • 3 · Grants to foreign organizations and individuals

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

  • 5 · Compensation of officers, directors and key employees

    total $1,912,199 · program services $604,238 · management and general $1,307,961

  • 7 · Other salaries and wages

    total $1,082,652 · program services $837,832 · management and general $244,820

  • 8 · Pension plan contributions

    total $147,306 · program services $87,718 · management and general $59,588

  • 9 · Other employee benefits

    total $287,437 · program services $150,507 · management and general $136,930

  • 10 · Payroll taxes

    total $147,306 · program services $86,367 · management and general $60,939

  • 11b · Fees: legal

    total $150,149 · program services $37,249 · management and general $112,900

  • 11c · Fees: accounting

    total $25,000 · management and general $25,000

  • 11f · Fees: investment management

    total $28,623 · management and general $28,623

  • 11g · Fees: other

    total $392,808 · program services $392,808

  • 13 · Office expenses

    total $498,833 · program services $226,592 · management and general $272,241

  • 14 · Information technology

    total $164,664 · program services $70,155 · management and general $94,509

  • 16 · Occupancy

    total $63,773 · management and general $63,773

  • 17 · Travel

    total $549,862 · program services $387,555 · management and general $162,307

  • 19 · Conferences, conventions and meetings

    total $2,918,548 · program services $2,498,564 · management and general $419,984

  • 22 · Depreciation, depletion and amortization

    total $492,859 · program services $158,408 · management and general $334,451

  • 23 · Insurance

    total $31,777 · program services $500 · management and general $31,277

  • 24a · Other expenses: JOURNAL EXPENSES

    total $257,024 · program services $257,024

  • 24b · Other expenses: MISCELLANEOUS (PLUG)

    total $92,894 · program services $107,609 · management and general -$14,715

  • 24c · Other expenses: GRANT AND AWARD EXPENSE

    total $12,084 · management and general $12,084

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $5,690,950 · end of year $915,437

  • 4 · Accounts receivable

    beginning of year $1,493,562 · end of year $1,701,948

  • 8 · Inventories for sale or use

    beginning of year $174,798 · end of year $217,043

  • 9 · Prepaid expenses and deferred charges

    beginning of year $287,246 · end of year $318,744

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

    $7,149,196

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

    $3,811,927

  • 10c · Land, buildings and equipment, net

    beginning of year $3,475,193 · end of year $3,337,269

  • 11 · Investments: publicly traded securities

    beginning of year $30,154,850 · end of year $29,491,296

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,236,640 · end of year $1,512,585

  • 19 · Deferred revenue

    beginning of year $1,766,456 · end of year $1,988,400

  • 25 · Other liabilities

    beginning of year $2,535,960 · end of year $782,496

  • 27 · Net assets without donor restrictions

    beginning of year $35,737,543 · end of year $31,698,256

Mission and programs · 2022

Mission

TO ADVANCE THE SCIENCE AND PRACTICE OF HAND AND UPPER EXTREMITY SURGERY THROUGH EDUCATION, RESEARCH AND ADVOCACY ON BEHALF OF PATIENTS AND PRACTITIONERS.

  • ANNUAL MEETING: : THE 2022 ANNUAL MEETING TOOK PLACE IN BOSTON, MA. OVER 2,800 INDIVIDUALS REGISTERED FOR THE MEETING. SEVENTEEN PRE AND POST COURSES WERE OFFERED OUTSIDE OF THE SESSIONS INCLUDED WITH REGISTRATION. THE TOPICS THEY COVERED INCLUDED, BUT WERE NOT LIMITED TO, MUSCULOSKELETAL ULTRASOUND, CARPAL INSTABILITY, TREATMENT OF NERVE INJURIES, ELBOW, SCAPHOID FRACTURES, WRIST ARTHROSCOPY, DIVERSITY, DISTAL RADIUS FRACTURES, UPPER EXTREMITY FLAPS, WALANT, MUSICIAN AND ELITE ATHLETE SURGERY, ULNAR SIDED WRIST PAIN, ACADEMIC CAREER BUILDING, TENDON AND NERVE TRANSFER, AND NONUNIONS AND MALUNIONS BELOW THE ELBOW. THERE WAS A SUB MEETING, WHICH WAS FOR THE FURTHERING EDUCATION OF RESIDENTS AND FELLOWS. THERE WERE ALSO SEVERAL SCIENTIFIC SESSIONS IN WHICH DOCTORS REPORT ON AND DISCUSS DIFFERENT SURGICAL TECHNIQUES RESEARCHED AND USED IN UPPER EXTREMITY CARE. ALMOST EVERY EVENT AT OUR ANNUAL MEETING IS PRODUCED TO SERVE OUR MISSION OF ADVANCING THE SCIENCE AND PRACTICE OF HAND AND UPPER EXTREMITY SURGERY.

    Expenses $3,875,195 · Grants $224,985 · Revenue $3,080,802

  • EDUCATION MATERIALS: : INCLUDED IN HERE ARE THE JOURNAL OF HAND SURGERY, SELF-ASSESSMENT EXAM AND ALL PUBLICATIONS OFFERED BY ASSH. THE SELF-ASSESSMENT EXAM IS PRODUCED BY ASSH EVERY YEAR AND IS A SELF-STUDY PROGRAM WHICH MEMBERS USE TO MAKE SURE THEY ARE CURRENT WITH THEIR HAND SURGERY KNOWLEDGE. IN 2022 THERE WERE 2,229 REGISTRANTS. THE EXAMINATION IS OFFERED AS A CONVENIENT SELF-EDUCATION EXERCISE BY THE SOCIETY AND IS AVAILABLE TO THE MEDICAL PROFESSION, ESPECIALLY THOSE HEALTH CARE PROFESSIONALS FOCUSING ON THE CARE OF THE HAND AND UPPER EXTREMITY. DESIGNED TO ASSIST THE PHYSICIAN IN REVIEWING BASIC PRINCIPLES OF HAND CARE, THE EXAM ALSO HELPS TO KEEP THE PHYSICIAN ABREAST OF NEW DEVELOPMENTS AND CONCEPTS WITHIN THE SPECIALTY. THE EXAMINATION COVERS DIAGNOSTIC AND THERAPEUTIC PROBLEMS, BOTH SURGICAL AND NON-OPERATIVE, BASIC SCIENCE KNOWLEDGE, AND FUNDAMENTAL PRINCIPLES OF HAND SURGERY. THE INTERPRETATION OF THE ILLUSTRATIVE MATERIAL (CLINICAL PHOTOGRAPHS AND RADIOGRAPHS) IS AN INTEGRAL PART OF THE EXAMINATION. THE JOURNAL OF HAND SURGERY IS THE FLAGSHIP PUBLICATION OF THE AMERICAN SOCIETY FOR SURGERY OF THE HAND. THE JHS OFFERS ORIGINAL, PEER-REVIEWED ARTICLES REFLECTING CLINICAL AND BASIC SCIENCE RESEARCH AS WELL AS SURGICAL TECHNIQUES RELATED TO DISEASES AND CONDITIONS OF THE UPPER EXTREMITY. THE PUBLICATION CURRENTLY HAS ABOUT 5,000 PAYING SUBSCRIBERS AND IS GIVEN TO ACTIVE MEMBERS OF THE ASSH AS PART OF THEIR MEMBERSHIP. THE JOURNAL IS PUBLISHED BY ELSEVIER INC., THROUGH A LONG-TERM CONTRACT WITH THE HAND SOCIETY. ALL EDITORIAL TASKS ARE PERFORMED BY AN EDITOR IN CHARGE AND DEPUTY EDITORS WHO ARE ALL ACTIVE MEMBERS OF THE SOCIETY. OUR CONTRACT WITH ELSEVIER PROVIDES FOR GUARANTEED ROYALTIES WHICH PROVIDE A MAIN SOURCE OF THE SOCIETY'S REVENUE. PUBLICATIONS OFFERED BY ASSH INCLUDE THE ASSH TEXTBOOK WHICH IS COMPRISED OF 81 CHAPTERS THAT COMPREHENSIVELY COVER THE FULL CURRICULUM OF HAND AND UPPER EXTREMITY SURGERY, FEATURING OVER 2000 IMAGES AND NEARLY 140 TECHNIQUE VIDEOS. DOZENS OF INFORMATIONAL BROCHURES, TRADITIONAL PRINT BOOKS AND E-BOOKS ARE ALSO AVAILABLE COVERING A WIDE RANGE OF TOPICS RELATED TO HAND AND UPPER EXTREMITY SURGERY.

    Expenses $1,278,841 · Grants $3,750 · Revenue $2,590,316

  • IN 2022 ASSH CONTRIBUTED $750,000 TO AFSH. THROUGH THE COMBINED SUPPORT OF DONORS AND ASSH, AFSH WILL BE ABLE TO FURTHER THEIR FUNDING OF RESEARCH EFFORTS TO ENHANCE TREATMENT OF AND PREVENT HAND AND UPPER EXTREMITY DIFFICULTIES. FUNDING FOR EDUCATION OF HAND SURGEONS IS ALSO PROVIDED BY AFSH IN ORDER TO FURTHER ENHANCE THE SKILL SET OF HAND AND UPPER EXTREMITY SURGEONS. OUTREACH INITIATIVES ARE ALSO FUNDED BY THE SUPPORT OF DONORS AND ASSH. THESE INITIATIVES INCLUDE, BUT ARE NOT LIMITED TO, NUMEROUS MISSIONS TO UNDER DEVELOPED COUNTRIES TO PROVIDE FREE SURGERY AND CONSULTATION AND DOMESTIC OUTREACH DAYS TO PROVIDE FREE SERVICES IN VARIOUS CITIES THROUGHOUT THE US TO THOSE WITHOUT ACCESS TO HAND AND UPPER EXTREMITY CARE.

    Expenses $750,000 · Grants $750,000

  • COURSES

    Expenses $188,134 · Revenue $142,748

  • RESEARCH

    Expenses $733,232 · Grants $689,332

  • HAND-E

    Expenses $216,800

  • PRACTICE DIVISION

    Expenses $228,582 · Grants $1,500

  • OUTREACH

    Expenses $316,909 · Grants $15,000

  • FELLOWSHIP APPLICATION

    Revenue $228,630

  • ROYALTY

    Revenue $114,250

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

Listed in Part VII

  • Daniel Osei

    MEMBER-AT-LARGE

    Total calculated
    $0
    Hours/week
    1

  • Tamara D Rozenthal MD

    VICE PRESIDENT

    Total calculated
    $25,000
    From this org
    $25,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    3 + 1 related

  • A Bobby Chhabra

    TREASURER

    Total calculated
    $0
    Hours/week
    5 + 1 related

  • Jeffrey A Greenberg

    IMMEDIATE PAST PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Ryan Calfee

    RESEARCH DIVISION DIRECTOR

    Total calculated
    $50,000
    From this org
    $50,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Jennifer Wolf MD

    PRESIDENT

    Total calculated
    $0
    Hours/week
    10 + 1 related

  • Steven Moran

    PRESIDENT ELECT

    Total calculated
    $0
    Hours/week
    3

  • Martin Boyer MD Frcs

    IMMEDIATE PAST PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Paige Fox

    MEMBER-AT-LARGE

    Total calculated
    $0
    Hours/week
    1

  • Richard A Bernstein MD

    MEMBER-AT-LARGE

    Total calculated
    $0
    Hours/week
    1

  • Dawn Laporte

    MEMBER-AT-LARGE

    Total calculated
    $15,000
    From this org
    $15,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Peter Murray

    MEMBER-AT-LARGE

    Total calculated
    $0
    Hours/week
    1

  • Warren Hammert MD

    EDUCATION DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • James Saucedo

    PRACTICE DIVISION DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Julie Katarincic

    OUTREACH DIVISION DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Mark C Anderson Fasae Cae

    CEO/EXEC VP

    Total calculated
    $1,073,725
    From this org
    $997,911
    From related orgs
    $14,888
    Other
    $60,926
    Hours/week
    54.5 + 2.5 related

    Schedule J breakdown matched by us

    Base
    $488,142 + $7,283 related
    Bonus
    $0
    Other
    $509,769 + $7,605 related
    Deferred
    $49,758 + $742 related
    Nontaxable benefits
    $10,273 + $153 related
    Filer's total
    $1,057,942 + $15,783 related

  • William Chandler

    CFO

    Total calculated
    $242,389
    From this org
    $189,729
    From related orgs
    $8,215
    Other
    $44,445
    Hours/week
    39 + 3 related

    Schedule J breakdown matched by us

    Base
    $175,351 + $7,592 related
    Bonus
    $14,378 + $623 related
    Other
    $0
    Deferred
    $19,314 + $836 related
    Nontaxable benefits
    $23,287 + $1,008 related
    Filer's total
    $232,330 + $10,059 related

  • Angie Legaspi

    CHIEF MTGS AND EDUC OFFICE

    Total calculated
    $272,498
    From this org
    $238,713
    From related orgs
    $0
    Other
    $33,785
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $232,091
    Bonus
    $6,622
    Other
    $0
    Deferred
    $23,989
    Nontaxable benefits
    $9,796
    Filer's total
    $272,498

  • Pamela Schroeder

    INTERIM CEO/ DEPUTY EXEC VP

    Total calculated
    $303,779
    From this org
    $266,515
    From related orgs
    $668
    Other
    $36,596
    Hours/week
    44 + 2 related

    Schedule J breakdown matched by us

    Base
    $216,640 + $543 related
    Bonus
    $49,875 + $125 related
    Other
    $0
    Deferred
    $26,733 + $67 related
    Nontaxable benefits
    $9,772 + $24 related
    Filer's total
    $303,020 + $759 related

  • Jacob Adler

    CHIEF TECHNOLOGY OFFICER

    Total calculated
    $259,431
    From this org
    $213,436
    From related orgs
    $0
    Other
    $45,995
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $200,936
    Bonus
    $12,500
    Other
    $0
    Deferred
    $21,700
    Nontaxable benefits
    $24,295
    Filer's total
    $259,431

  • Olivia Williams

    DIRECTOR OF COMMUNICATIONS

    Total calculated
    $175,250
    From this org
    $132,127
    From related orgs
    $4,778
    Other
    $38,345
    Hours/week
    39 + 1 related

    Schedule J breakdown matched by us

    Base
    $120,063 + $4,342 related
    Bonus
    $12,064 + $436 related
    Other
    $0
    Deferred
    $13,560 + $490 related
    Nontaxable benefits
    $23,447 + $848 related
    Filer's total
    $169,134 + $6,116 related

  • Haley Licata

    FOUNDATION DIRECTOR

    Total calculated
    $129,042
    From this org
    $45,960
    From related orgs
    $62,436
    Other
    $20,646
    Hours/week
    17 + 23 related

  • Gladys Apura

    WEB DEVELOPER

    Total calculated
    $144,567
    From this org
    $110,593
    From related orgs
    $0
    Other
    $33,974
    Hours/week
    40

  • Natalie Hinman

    SENIOR MEETINGS AND CORP R

    Total calculated
    $154,703
    From this org
    $118,958
    From related orgs
    $0
    Other
    $35,745
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $106,458
    Bonus
    $12,500
    Other
    $0
    Deferred
    $11,450
    Nontaxable benefits
    $24,295
    Filer's total
    $154,703

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

  • 1a · Health or social club dues or initiation fees
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 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 1A
THE CEO/EXECUTIVE VP IS REIMBURSED FOR THE COST OF A HEALTH CLUB MEMBERSHIP.
PART I, LINE 4B
MARK ANDERSON EARNED A BENEFIT FROM A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN IN THE AMOUNT OF $10,000 FROM THE ORGANIZATION AND A RELATED ORGANIZATION.

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • 822 WASHINGTON LLC

    HOLD TITLE TO AND MANAGEMENT OF PROPERTY AND BUILDING · IL · income $89,060 · assets $2,977,266

    Directly controlled by AMERICAN SOCIETY FOR SURGERY OF THE HAND

Provenance

Return type
form_990
Tax year
2022
Filed
14 November 2023
IRS schema version
2022v5.0
Source object
202323189349317337

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