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Nonprofiteer
← AMERICAN ACADEMY OF ORTHOPEDIC SURGEONS

Form 990 for tax year 2022

Filed by AMERICAN ACADEMY OF ORTHOPEDIC SURGEONS.

Totals

Total revenue
$39,178,611
Total expenses
$46,423,214
Contributions and grants received
$15,223,097
Grants paid
$397,154
Program service revenue
$27,396,675
Investment income
-$5,903,110
Other revenue
$2,461,949
Total assets, end of year
$182,864,178
Total liabilities, end of year
$46,154,476
Net assets or fund balances, end of year
$136,709,702
Program services expenses (Part IX)
$27,673,995
Management and general expenses
$18,614,656
Fundraising expenses
$134,563
Program service expenses (Part III)
$27,673,995

Program services were 59.6% 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

    $14,652,721

  • 1e · Government grants (contributions)

    $10,915

  • 1f · All other contributions, gifts and grants

    $559,461

  • 2a · Program service revenue: ANNUAL MEETING

    total $15,346,332 · related or exempt $14,912,078 · unrelated business $434,254

  • 2b · Program service revenue: REGISTRIES

    total $6,532,206 · related or exempt $6,532,206

  • 2c · Program service revenue: COURSE EDUCATION

    total $2,669,060 · related or exempt $2,669,060

  • 2d · Program service revenue: PUBLICATIONS AND OTHER

    total $2,036,756 · related or exempt $1,845,950 · unrelated business $185,832 · excluded $4,974

  • 2e · Program service revenue: RENTAL INCOME FROM ORTHOPAEDIC SO

    total $812,321 · excluded $812,321

  • 3 · Investment income

    total $2,268,281 · excluded $2,268,281

  • 5 · Royalties

    total $5,735,481 · unrelated business $671,329 · excluded $5,064,152

  • 7a · Gross sales of assets other than inventory

    securities $46,057,664

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

    securities $54,229,055

  • 7c · Gain or loss

    securities -$8,171,391

  • 7d · Net gain or loss

    total -$8,171,391 · excluded -$8,171,391

  • 10a · Gross sales of inventory

    $4,141,162

  • 10b · Cost of goods sold

    $7,414,694

  • 10c · Net income from sales of inventory

    total -$3,273,532 · related or exempt -$3,273,532

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $397,154 · program services $397,154

  • 5 · Compensation of officers, directors and key employees

    total $7,326,045 · program services $2,895,243 · management and general $4,430,802

  • 7 · Other salaries and wages

    total $12,367,181 · program services $4,560,151 · management and general $7,682,030 · fundraising $125,000

  • 8 · Pension plan contributions

    total $1,157,323 · program services $546,494 · management and general $610,829

  • 9 · Other employee benefits

    total $1,831,462 · program services $998,211 · management and general $833,251

  • 10 · Payroll taxes

    total $1,372,240 · program services $805,190 · management and general $557,487 · fundraising $9,563

  • 11b · Fees: legal

    total $103,838 · program services $84,448 · management and general $19,390

  • 11c · Fees: accounting

    total $92,341 · program services $62,823 · management and general $29,518

  • 11f · Fees: investment management

    total $312,047 · management and general $312,047

  • 11g · Fees: other

    total $4,114,978 · program services $3,208,018 · management and general $906,960

  • 12 · Advertising and promotion

    total $372,710 · program services $372,710

  • 13 · Office expenses

    total $371,341 · program services $231,374 · management and general $139,967

  • 14 · Information technology

    total $1,826,869 · program services $1,540,040 · management and general $286,829

  • 16 · Occupancy

    total $3,296,126 · program services $2,580,188 · management and general $715,938

  • 17 · Travel

    total $1,621,124 · program services $1,010,296 · management and general $610,828

  • 19 · Conferences, conventions and meetings

    total $6,168,218 · program services $5,794,062 · management and general $374,156

  • 22 · Depreciation, depletion and amortization

    total $2,630,121 · program services $1,963,873 · management and general $666,248

  • 23 · Insurance

    total $647,009 · program services $394,745 · management and general $252,264

  • 24e · All other expenses

    total $415,087 · program services $228,975 · management and general $186,112

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $15,567,369 · end of year $18,501,168

  • 3 · Pledges and grants receivable

    beginning of year $2,266,417 · end of year $1,563,150

  • 4 · Accounts receivable

    beginning of year $4,239,682 · end of year $3,997,943

  • 8 · Inventories for sale or use

    beginning of year $11,053 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $4,018,075 · end of year $4,776,356

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

    $33,706,230

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

    $22,019,733

  • 10c · Land, buildings and equipment, net

    beginning of year $10,525,601 · end of year $11,686,497

  • 11 · Investments: publicly traded securities

    beginning of year $115,654,013 · end of year $91,865,271

  • 12 · Investments: other securities

    beginning of year $22,821,502 · end of year $27,279,158

  • 15 · Other assets

    beginning of year $907,388 · end of year $23,194,635

  • 17 · Accounts payable and accrued expenses

    beginning of year $10,068,306 · end of year $7,138,843

  • 19 · Deferred revenue

    beginning of year $8,481,973 · end of year $13,279,157

  • 25 · Other liabilities

    beginning of year $0 · end of year $25,736,476

  • 27 · Net assets without donor restrictions

    beginning of year $156,417,152 · end of year $135,687,862

  • 28 · Net assets with donor restrictions

    beginning of year $1,043,669 · end of year $1,021,840

Mission and programs · 2022

Mission

SERVING OUR PROFESSIONALS TO PROVIDE THE HIGHEST QUALITY MUSCULOSKELETAL CARE.

  • ANNUAL MEETING - PRESENTATION OF LECTURES AND SYMPOSIA ON ORTHOPAEDIC SURGERY AND RELATED TOPICS, NUMBER OF ATTENDEES IS 13,987 IN 2022.

    Expenses $9,779,359 · Revenue $14,912,078

  • COURSE EDUCATION - COURSES PROVIDED TO ORTHOPAEDIC PROFESSIONALS TO KEEP THEM ABREAST OF THE LATEST ADVANCES IN ORTHOPAEDIC SURGERY AND CARE AND TO PROVIDE CME. 20 COURSES OFFERED IN 2022.

    Expenses $2,223,311 · Revenue $2,669,060

  • OTHER PROGRAM SERVICES - INCLUDING PUBLIC RELATIONS, BOARD OF COUNCILORS, ADVOCACY, EDUCATION PROGRAMS, INTERNATIONAL ACTIVITIES, AND RESEARCH AND SCIENTIFIC AFFAIRS.

    Expenses $15,671,325 · Grants $397,154 · Revenue $5,104,624

As filed on the 2022 return.

Listed in Part VII

  • Felix H Savoie MD

    PRESIDENT

    Total calculated
    $106,665
    From this org
    $106,665
    From related orgs
    $0
    Other
    $0
    Hours/week
    7.5 + 7.5 related

  • Kevin J Bozic MD

    FIRST VICE-PRESIDENT

    Total calculated
    $68,941
    From this org
    $68,941
    From related orgs
    $0
    Other
    $0
    Hours/week
    5 + 5 related

  • Paul Tornetta III MD

    SECOND VICE-PRESIDENT

    Total calculated
    $33,340
    From this org
    $33,340
    From related orgs
    $0
    Other
    $0
    Hours/week
    5 + 5 related

  • Daniel K Guy MD

    PAST PRESIDENT

    Total calculated
    $72,649
    From this org
    $72,649
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.5 + 2.5 related

  • Michael L Parks MD

    TREASURER

    Total calculated
    $0
    Hours/week
    1.5 + 1.5 related

  • Claudette M Lajam MD

    BOC CHAIR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Alfonso Mejia MD

    BOC CHAIR-ELECT

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Joel L Mayerson

    BOC SECRETARY

    Total calculated
    $977
    From this org
    $977
    From related orgs
    $0
    Other
    $0
    Hours/week
    1 + 1 related

  • Alexandra E Page MD

    BOS CHAIR

    Total calculated
    $1,319
    From this org
    $1,319
    From related orgs
    $0
    Other
    $0
    Hours/week
    1 + 1 related

  • Armando F Vidal MD

    BOS CHAIR-ELECT

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Adolph J Yates MD

    BOS SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Lisa N Masters MD

    MEMBER AT LARGE

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Chad A Kruger MD

    MEMBER AT LARGE

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Valerae O Lewis MD

    MEMBER AT LARGE

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Toni M McLaurin MD

    MEMBER AT LARGE

    Total calculated
    $2,018
    From this org
    $2,018
    From related orgs
    $0
    Other
    $0
    Hours/week
    1 + 1 related

  • Karen M Sutton MD

    LAY MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Thomas E Arend Jr

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $968,557
    From this org
    $908,051
    From related orgs
    $0
    Other
    $60,506
    Hours/week
    40 + 40 related

    Schedule J breakdown matched by us

    Base
    $746,212
    Bonus
    $160,033
    Other
    $1,806
    Deferred
    $30,500
    Nontaxable benefits
    $30,006
    Filer's total
    $968,557

  • Konstantinos T Damalas

    CHIEF OPERATING OFFICER

    Total calculated
    $569,972
    From this org
    $509,466
    From related orgs
    $0
    Other
    $60,506
    Hours/week
    30 + 30 related

    Schedule J breakdown matched by us

    Base
    $472,500
    Bonus
    $36,000
    Other
    $966
    Deferred
    $30,500
    Nontaxable benefits
    $30,006
    Filer's total
    $569,972

  • Anna Salt Troise

    CHIEF COMMERICAL OFFICER

    Total calculated
    $521,398
    From this org
    $466,131
    From related orgs
    $0
    Other
    $55,267
    Hours/week
    40 + 40 related

    Schedule J breakdown matched by us

    Base
    $397,113
    Bonus
    $68,598
    Other
    $420
    Deferred
    $30,500
    Nontaxable benefits
    $24,767
    Filer's total
    $521,398

  • Nathan T Glusenkamp

    CHIEF QUALITY & REGISTRIES OFFICER

    Total calculated
    $440,751
    From this org
    $380,245
    From related orgs
    $0
    Other
    $60,506
    Hours/week
    45 + 5 related

    Schedule J breakdown matched by us

    Base
    $352,743
    Bonus
    $27,082
    Other
    $420
    Deferred
    $30,500
    Nontaxable benefits
    $30,006
    Filer's total
    $440,751

  • Laura F Abrahams

    CHIEF HUMAN RESOURCE OFFICER

    Total calculated
    $323,098
    From this org
    $272,247
    From related orgs
    $0
    Other
    $50,851
    Hours/week
    45 + 5 related

    Schedule J breakdown matched by us

    Base
    $251,939
    Bonus
    $19,342
    Other
    $966
    Deferred
    $20,845
    Nontaxable benefits
    $30,006
    Filer's total
    $323,098

  • Melissa A Young

    GENERAL COUNSEL

    Total calculated
    $413,572
    From this org
    $353,066
    From related orgs
    $0
    Other
    $60,506
    Hours/week
    30 + 30 related

    Schedule J breakdown matched by us

    Base
    $338,275
    Bonus
    $12,985
    Other
    $1,806
    Deferred
    $30,500
    Nontaxable benefits
    $30,006
    Filer's total
    $413,572

  • Graham H Newson Assoc

    GOVERNMENT RELATIONS VP

    Total calculated
    $346,661
    From this org
    $295,757
    From related orgs
    $0
    Other
    $50,904
    Hours/week
    5 + 45 related

    Schedule J breakdown matched by us

    Base
    $282,296
    Bonus
    $8,127
    Other
    $5,334
    Deferred
    $26,137
    Nontaxable benefits
    $24,767
    Filer's total
    $346,661

  • John Thomas King

    CHIEF INFORMATION OFFICER

    Total calculated
    $351,928
    From this org
    $296,086
    From related orgs
    $0
    Other
    $55,842
    Hours/week
    30 + 30 related

    Schedule J breakdown matched by us

    Base
    $279,052
    Bonus
    $16,068
    Other
    $966
    Deferred
    $25,836
    Nontaxable benefits
    $30,006
    Filer's total
    $351,928

  • Benjamin Harkinson

    COMMERCIAL SOLUTIONS DIRECTOR

    Total calculated
    $323,124
    From this org
    $268,245
    From related orgs
    $0
    Other
    $54,879
    Hours/week
    40 + 10 related

    Schedule J breakdown matched by us

    Base
    $248,729
    Bonus
    $19,096
    Other
    $420
    Deferred
    $24,873
    Nontaxable benefits
    $30,006
    Filer's total
    $323,124

  • Anthony Priore

    CHIEF MARKETING AND COMMUNICATIONS OFFICER

    Total calculated
    $301,061
    From this org
    $253,079
    From related orgs
    $0
    Other
    $47,982
    Hours/week
    30 + 30 related

    Schedule J breakdown matched by us

    Base
    $232,150
    Bonus
    $15,595
    Other
    $5,334
    Deferred
    $23,215
    Nontaxable benefits
    $24,767
    Filer's total
    $301,061

  • Susan A McSorley

    LIVE EVENTS VICE PRESIDENT

    Total calculated
    $301,973
    From this org
    $252,914
    From related orgs
    $0
    Other
    $49,059
    Hours/week
    45 + 5 related

    Schedule J breakdown matched by us

    Base
    $242,915
    Bonus
    $7,227
    Other
    $2,772
    Deferred
    $24,292
    Nontaxable benefits
    $24,767
    Filer's total
    $301,973

  • Hans J Koelsch

    PUBLICATIONS DIRECTOR

    Total calculated
    $287,457
    From this org
    $240,049
    From related orgs
    $0
    Other
    $47,408
    Hours/week
    40 + 10 related

    Schedule J breakdown matched by us

    Base
    $226,413
    Bonus
    $10,864
    Other
    $2,772
    Deferred
    $22,641
    Nontaxable benefits
    $24,767
    Filer's total
    $287,457

  • Donna J Malert

    GOVERNANCE DIRECTOR

    Total calculated
    $256,776
    From this org
    $215,588
    From related orgs
    $0
    Other
    $41,188
    Hours/week
    45 + 5 related

    Schedule J breakdown matched by us

    Base
    $193,190
    Bonus
    $7,416
    Other
    $14,982
    Deferred
    $19,319
    Nontaxable benefits
    $21,869
    Filer's total
    $256,776

  • Todd R Applebaum

    STRATEGIC PLANNING & PERFORMANCE MGMT DIRECTOR

    Total calculated
    $266,938
    From this org
    $216,801
    From related orgs
    $0
    Other
    $50,137
    Hours/week
    45 + 5 related

    Schedule J breakdown matched by us

    Base
    $201,311
    Bonus
    $14,861
    Other
    $629
    Deferred
    $20,131
    Nontaxable benefits
    $30,006
    Filer's total
    $266,938

  • Jayson N Murray

    CLINICAL QUALITY AND VALUE DIRECTOR

    Total calculated
    $207,997
    From this org
    $190,179
    From related orgs
    $0
    Other
    $17,818
    Hours/week
    45 + 5 related

    Schedule J breakdown matched by us

    Base
    $178,180
    Bonus
    $10,130
    Other
    $1,869
    Deferred
    $17,818
    Nontaxable benefits
    $0
    Filer's total
    $207,997

  • Reagan L Bayer

    REGISTRIES DIRECTOR

    Total calculated
    $238,280
    From this org
    $194,658
    From related orgs
    $0
    Other
    $43,622
    Hours/week
    45 + 5 related

    Schedule J breakdown matched by us

    Base
    $188,546
    Bonus
    $5,522
    Other
    $590
    Deferred
    $18,855
    Nontaxable benefits
    $24,767
    Filer's total
    $238,280

  • Brian N Moore

    LEARNING & PRACTICE DIRECTOR

    Total calculated
    $240,031
    From this org
    $191,779
    From related orgs
    $0
    Other
    $48,252
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $182,457
    Bonus
    $8,755
    Other
    $567
    Deferred
    $18,246
    Nontaxable benefits
    $30,006
    Filer's total
    $240,031

  • Lise Puckorius Olc

    OLC CHIEF EXECUTIVE OFFICER

    Total calculated
    $311,368
    From this org
    $257,079
    From related orgs
    $0
    Other
    $54,289
    Hours/week
    0.5 + 40 related

    Schedule J breakdown matched by us

    Base
    $247,190
    Bonus
    $7,117
    Other
    $2,772
    Deferred
    $24,719
    Nontaxable benefits
    $29,570
    Filer's total
    $311,368

  • Brittany Starr

    SR. MANAGER POLITICAL AFFAI

    Total calculated
    $212,865
    From this org
    $167,833
    From related orgs
    $0
    Other
    $45,032
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $150,258
    Bonus
    $17,304
    Other
    $271
    Deferred
    $15,026
    Nontaxable benefits
    $30,006
    Filer's total
    $212,865

  • Rachel M Bowers

    FINANCE DIRECTOR

    Total calculated
    $265,903
    From this org
    $215,799
    From related orgs
    $0
    Other
    $50,104
    Hours/week
    30 + 30 related

    Schedule J breakdown matched by us

    Base
    $200,981
    Bonus
    $14,420
    Other
    $398
    Deferred
    $20,098
    Nontaxable benefits
    $30,006
    Filer's total
    $265,903

  • Scott Livingston

    IT OPERATIONS & SUPPORT DIRECTOR

    Total calculated
    $247,350
    From this org
    $197,642
    From related orgs
    $0
    Other
    $49,708
    Hours/week
    30 + 30 related

    Schedule J breakdown matched by us

    Base
    $197,022
    Bonus
    $0
    Other
    $620
    Deferred
    $19,702
    Nontaxable benefits
    $30,006
    Filer's total
    $247,350

  • Catherine A Boudreaux Hayes Assoc

    SENIOR GOVERNMENT RELATIONS DIRECTOR

    Total calculated
    $216,101
    From this org
    $182,347
    From related orgs
    $0
    Other
    $33,754
    Hours/week
    5 + 45 related

    Schedule J breakdown matched by us

    Base
    $173,530
    Bonus
    $7,496
    Other
    $1,321
    Deferred
    $17,353
    Nontaxable benefits
    $16,401
    Filer's total
    $216,101

  • Shreyasi Deb Assoc

    SR MANAGER HEALTH POLICY

    Total calculated
    $210,749
    From this org
    $178,762
    From related orgs
    $0
    Other
    $31,987
    Hours/week
    5 + 45 related

    Schedule J breakdown matched by us

    Base
    $170,018
    Bonus
    $7,395
    Other
    $1,349
    Deferred
    $17,002
    Nontaxable benefits
    $14,985
    Filer's total
    $210,749

  • Lori A Boukas

    MARKETING DIRECTOR

    Total calculated
    $200,582
    From this org
    $174,247
    From related orgs
    $0
    Other
    $26,335
    Hours/week
    30 + 30 related

    Schedule J breakdown matched by us

    Base
    $167,936
    Bonus
    $4,835
    Other
    $1,476
    Deferred
    $16,781
    Nontaxable benefits
    $9,554
    Filer's total
    $200,582

  • Tina D Slager Retired

    FINANCE DIRECTOR

    Total calculated
    $288,159
    From this org
    $262,202
    From related orgs
    $0
    Other
    $25,957
    Hours/week
    30 + 30 related

    Schedule J breakdown matched by us

    Base
    $179,955
    Bonus
    $18,369
    Other
    $63,878
    Deferred
    $17,995
    Nontaxable benefits
    $7,962
    Filer's total
    $288,159

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 · First-class or charter travel
  • 1a · Travel for companions
  • 3 · Compensation committee
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 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

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.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • ORTHO PROPERTIES LLC

    RELATED · RENTAL · IL · 88.57% owned · general or managing partner

    Directly controlled by AMERICAN ACADEMY OF ORTHOPAEDIC SURGEONS

Provenance

Return type
form_990
Tax year
2022
Filed
7 November 2023
IRS schema version
2022v5.0
Source object
202343149349303679

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.