2022-05-16T12:04:56-05:00 2021-06-30 231980475 KREISCHER MILLER 100 WITMER ROAD SUITE 350 HORSHAM PA 190442369 990 2020-07-01 231352007 THE AMERICAN BOARD OF SURGERY INC AMER 2155684000 1617 JOHN F KENNEDY BLVD NO 860 PHILADELPHIA PA 191031847 JO BUYSKE PRESIDENT AND CEO 2155684000 2022-03-25 1 JO BUYSKE 999009999 CHRISTOPHER M PEKULA P00734965 2154414600 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z JO BUYSKE MD 1617 JOHN F KENNEDY BLVD NO 860 PHILADELPHIA PA 191031847 15293271 0 X WWW.ABSURGERY.ORG X 1937 PA ADMINISTRATION OF CERTIFICATION, RECERTIFICATION AND CONTINUOUS CERTIFICATION EXAMS AND ASSESSMENTS IN GENERAL SURGERY, AS WELL AS SPECIALTY AREAS OF SURGICAL CRITICAL CARE, PEDIATRIC SURGERY, HAND SURGERY, COMPLEX GENERAL SURGICAL ONCOLOGY, VASCULAR SURGERY, AND HOSPICE AND PALLIATIVE CARE. 13 11 41 700 0 0 0 0 8242112 11950149 266421 319870 386434 264072 8894967 12534091 0 0 0 0 6978499 6184242 0 0 0 5145668 4488432 12124167 10672674 -3229200 1861417 17288618 21861493 12421061 10998772 4867557 10862721 X SEE SCHEDULE O 0 0 COSTS INCURRED IN ADMINISTERING EXAMINATIONS FOR CANDIDATES SEEKING CERTIFICATION, RECERTIFICATION AND CONTINUOUS CERTIFICATION BY THE BOARD AND IN ISSUING CERTIFICATES OF QUALIFICATION TO ALL CANDIDATES MEETING THE BOARD'S REQUIREMENTS. ALL EXPENSES AND REVENUES ARE INCURRED OR GENERATED FOR THIS PURPOSE. DURING FISCAL YEAR JUNE 30, 2021, THERE WERE 19,251 INDIVIDUALS WHO TOOK AN EXAMINATION, INCLUDING 10,326 SURGERY RESIDENTS TAKING THEIR IN-TRAINING EXAMINATIONS. 2,048 INDIVIDUALS OBTAINED CERTIFICATION, 16 WERE RE-CERTIFIED IN HAND SURGERY, AND HOSPICE AND PALLIATIVE MEDICINE, WHILE 4,982 ENTERED INTO THE CONTINUOUS CERTIFICATION ASSESSMENT FOR GENERAL AND OTHER SPECIALTIES. THE TYPES OF EXAMINATIONS THE COSTS ARE INCURRED FOR INCLUDE THE FOLLOWING: IN-TRAINING, QUALIFYING, CERTIFYING, RECERTIFICATION, CONTINUOUS ASSESSMENTS, GENERAL SURGERY, VASCULAR SURGERY, SURGICAL PRINCIPLES, SURGICAL CRITICAL CARE, PEDIATRIC SURGERY, HAND SURGERY, COMPLEX GENERAL SURGICAL ONCOLOGY, AND HOSPICE AND PALLIATIVE CARE. 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 39 0 1 41 1 0 0 0 0 0 0 0 0 X 13 11 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X JO BUYSKE MD PRESIDENT CEO 2155684000 1617 JOHN F KENNEDY BLVD STE 860 PHILADELPHIA PA 191031847 AMIT RT JOSHI MD DIRECTOR 3.00 X 0 0 0 AMY J GOLDBERG MD DIRECTOR 3.00 X 0 0 0 BETH H SUTTON MD DIRECTOR 3.00 X 0 0 0 JO BUYSKE MD PRESIDENT & CEO, EX-OFFICIO 40.00 X X 915748 0 42099 JOHN D MELLINGER MD CHAIR 7.00 X X 0 0 0 KAREN FISHER JD DIRECTOR 3.00 X 0 0 0 M ASHRAF MANSOUR MBBS DIRECTOR 3.00 X 0 0 0 MARK R CHASSIN MD MPP MPH DIRECTOR 3.00 X 0 0 0 MARY T HAWN MD DIRECTOR 3.00 X 0 0 0 O JOE HINES MD VICE CHAIR 3.00 X 0 0 0 PARIS D BUTLER MD MPH DIRECTOR 3.00 X 0 0 0 REBECCA M MINTER MD DIRECTOR 3.00 X 0 0 0 ROBERT D FANELLI MD MHA DIRECTOR 3.00 X 0 0 0 JESSICA A SCHREADER COO; BOARD SECRETARY 40.00 X 179994 0 34738 MARY K MACKEY CPA CONTROLLER - BOARD TREASURER 40.00 X 178810 0 15052 ABBY POZEFSKY GENERAL COUNSEL 20.00 X 260223 0 21726 ANDREW JONES PHD DIRECTOR OF PSYCHOMETRICS & RESEARCH 40.00 X 195734 0 29576 BRUCE A PERLER MD VICE-PRESIDENT 20.00 X 242838 0 7285 MARK J HICKEY COO - SCORE; ABS CIO 40.00 X 187910 0 35361 ALEX MINKOVSKY SENIOR SOFTWARE ENGINEER 40.00 X 121486 0 20711 CHRIS TUCCI SENIOR SYSTEMS ENGINEER 40.00 X 115543 0 18913 LISA DRISCOLL IT MANAGER 40.00 X 104684 0 27967 MARNI GRAMBAU DIRECTOR OF EXAMINATION DEVELOPMENT 40.00 X 131421 0 20479 NICOLE GIFFORD EXAM MANAGER 40.00 X 114550 0 28023 2748941 0 301930 12 0 1 0 SILVERCHAIR 316 EAST MAIN STREET SUITE 300 CHARLOTTESVILLE VA 22902 IT SERVICES (SCORE) 667333 INTERNET TESTING SYSTEMS LLC 3000 CHESTNUT AVENUE SUITE 401 BALTIMORE MD 21211 IT SERVICES 237547 WASHINGTON UNIVERSITY 660 S EUCLID ST LOUIS MO 63110 EXECUTIVE SERVICES 225539 NCS PEARSON INC 5601 GREEN VALLEY DRIVE BLOOMINGTON MN 55437 TESTING ADMIN FEES 155277 ROBERT CAVANAUGH 553 MONRENO AVENUE LOS ANGELES CA 90049 FINANCIAL CONSULTANT 152500 5 REGISTRATION / EXAM FEES 611710 9249035 9249035 SUBSCRIPTIONS 611710 2354109 2354109 MISCELLNAEOUS EXAMINATION FEES 611710 206992 206992 PSYCHOMETRIC FEES 611710 74000 74000 CONTENT PARTNER 611710 66013 66013 11950149 411481 411481 2667569 2759180 -91611 -91611 -91611 PASSTHROUGH REIMBURSEMENT 611710 264072 264072 264072 12534091 12214221 0 319870 2379976 2199275 1133646 217518 253827 116498 32432 72021 943362 137874 982017 404996 66121 58960 81532 EXAMINATION ADMINISTRAT 934756 DUES 289094 BOARD PASSTHROUGHS 264072 BAD DEBT 68223 36474 10672674 3434109 6143175 301497 432576 99788 99924 1704846 1499684 255415 205162 13183767 14966614 14042 14042 17288618 21861493 2658609 1068445 2310571 3543513 7451881 6386814 12421061 10998772 X 4867557 10862721 4867557 10862721 17288618 21861493 X 1861417 2492770 -594807 2235784 X X 0 1 X 1 0 431767 273699 158068 1273079 1225985 47094 205162 PENSION PLAN LIABILITY 5216097 PAYCHECK PROTECTION PROGRAM LOAN 616495 OTHER LONGTERM LIABILITY 554222 6386814 X 14954840 2492770 2492770 12462070 72021 72021 12534091 10600653 0 10600653 72021 72021 10672674 PART X, LINE 2: THE BOARD IS A NON-PROFIT ORGANIZATION WHICH HAS BEEN DETERMINED BY THE INTERNAL REVENUE SERVICE (IRS) TO BE EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501 (C)(6) OF THE INTERNAL REVENUE CODE (IRC). SCORE WAS A NON-PROFIT ORGANIZATION WHICH HAS BEEN DETERMINED BY THE IRS TO BE EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501 (C)(4) OF THE IRC. ON SEPTEMBER 16, 2020, SCORE FILED ITS FINAL FEDERAL INCOME TAX RETURN. THE BOARD ACCOUNTS FOR UNCERTAINTIES IN INCOME TAXES IN ACCORDANCE WITH AUTHORITATIVE GUIDANCE, WHICH PRESCRIBES A RECOGNITION THRESHOLD OF MORE-LIKELY-THAN-NOT TO BE SUSTAINED UPON EXAMINATION BY THE APPROPRIATE TAXING AUTHORITY. MEASUREMENT OF THE TAX UNCERTAINTY OCCURS IF THE RECOGNITION THRESHOLD HAS BEEN MET. THE BOARD'S POLICY IS TO RECOGNIZE INTEREST RELATED TO UNRECOGNIZED TAX BENEFITS IN INTEREST EXPENSE AND PENALTIES IN OPERATING EXPENSES. MANAGEMENT DETERMINED THAT THERE WERE NO TAX UNCERTAINTIES THAT MET THE RECOGNITION THRESHOLD FOR THE YEARS ENDED JUNE 30, 2021 AND 2020. THE BOARD'S FEDERAL INCOME TAX RETURNS FOR 2020, 2019, AND 2018 REMAIN SUBJECT TO EXAMINATION BY THE IRS. X X X X X X 0 0 0 JO BUYSKE MD PRESIDENT & CEO, EX-OFFICIO 762748 0 153000 0 0 0 22800 0 19299 0 957847 0 0 0 ABBY POZEFSKY GENERAL COUNSEL 254388 0 5835 0 0 0 20576 0 1150 0 281949 0 0 0 BRUCE A PERLER MD VICE-PRESIDENT 241638 0 1200 0 0 0 7285 0 0 0 250123 0 0 0 ANDREW JONES PHD DIRECTOR OF PSYCHOMETRICS & RESEARCH 183599 0 12135 0 0 0 15639 0 13937 0 225310 0 0 0 MARK J HICKEY COO - SCORE; ABS CIO 174430 0 13480 0 0 0 15660 0 19701 0 223271 0 0 0 JESSICA A SCHREADER COO; BOARD SECRETARY 168093 0 11901 0 0 0 15024 0 19714 0 214732 0 0 0 MARY K MACKEY CPA CONTROLLER - BOARD TREASURER 158778 0 11032 0 9000 0 13906 0 1146 0 193862 0 0 0 MARNI GRAMBAU DIRECTOR OF EXAMINATION DEVELOPMENT 123296 0 8125 0 0 0 10496 0 9983 0 151900 0 0 0 PART I, LINE 3 THE AUDIT COMMITTEE ACTS AS THE COMPENSATION COMMITTEE FOR THE ORGANIZATION. PART I, LINE 7 THE AUDIT COMMITTEE, AS PART OF ITS RESPONSIBILITIES IN SETTING EXECUTIVE COMPENSATION, ANNUALLY RECOMMENDS TO THE FULL BOARD, EXECUTIVE BONUSES BASED ON THE ACHIEVEMENT OF ORGANIZATIONAL AND CEO GOALS, RELYING ON A VARIETY OF FACTORS WHILE MAINTAINING THE INTEGRITY OF THE COMPENSATION SETTING PROCESS FORM 990, PART III, LINE 1, DESCRIPTION OF ORGANIZATION MISSION: THE AMERICAN BOARD OF SURGERY'S MISSION IS TO SERVE THE PUBLIC AND THE SPECIALTY OF SURGERY BY PROVIDING LEADERSHIP IN SURGICAL EDUCATION AND PRACTICE, BY PROMOTING EXCELLENCE THROUGH RIGOROUS EVALUATION AND EXAMINATION, AND BY PROMOTING THE HIGHEST STANDARDS FOR PROFESSIONALISM, LIFELONG LEARNING, AND THE CONTINUOUS CERTIFICATION OF SURGEONS IN PRACTICE. THE ABS WAS FOUNDED IN 1937 TO PROVIDE BOARD CERTIFICATION TO INDIVIDUALS WHO HAVE MET A DEFINED STANDARD OF EDUCATION, TRAINING AND KNOWLEDGE IN THE FIELD OF SURGERY. SURGEONS CERTIFIED BY THE ABS, KNOWN AS DIPLOMATES, HAVE COMPLETED AT LEAST 5 YEARS OF RESIDENCY TRAINING FOLLOWING MEDICAL SCHOOL, MET ALL ABS TRAINING REQUIREMENTS, AND SUCCESSFULLY COMPLETED THE ABS EXAMINATION PROCESS. ONCE CERTIFIED, ABS DIPLOMATES MUST COMPLETE CONTINUING EDUCATION AND ASSESSMENT ACTIVITIES, IN A PROCESS NOW KNOWN AS CONTINUOUS CERTIFICATION. BOARD CERTIFICATION BY THE ABS IS A VOLUNTARY PROCESS THAT DEMONSTRATES A SURGEON'S COMMITMENT TO PROFESSIONALISM, LIFELONG LEARNING, AND QUALITY PATIENT CARE. THE ABS OFFERS BOARD CERTIFICATION IN SURGERY (GENERAL SURGERY), VASCULAR SURGERY, PEDIATRIC SURGERY, SURGICAL CRITICAL CARE, COMPLEX GENERAL SURGICAL ONCOLOGY, HAND SURGERY, AND HOSPICE AND PALLIATIVE MEDICINE. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION HAS AN INDEPENDENT CERTIFIED PUBLIC ACCOUNTING FIRM PREPARE THE FORM 990. THE FORM IS THEN REVIEWED BY THE ORGANIZATION'S CONTROLLER, LEGAL COUNSEL, COO AND PRESIDENT/CEO AND ANY NEEDED CHANGES OR UPDATES ARE COMMUNICATED BACK TO THE ACCOUNTING FIRM. THE 990 IS REVIEWED IN DETAIL BY THE AUDIT COMMITTEE AND THEN RECOMMENDED FOR APPROVAL BY THE FULL BOARD. ALL BOARD MEMBERS RECEIVE COPIES OF THE FORM 990 BEFORE THE RETURN IS FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION HAS ALL DIRECTORS SIGN A DISCLOSURE FORM ANNUALLY ATTESTING TO THE FACT THAT THEY EACH HAVE READ, UNDERSTOOD, AND AGREED TO ABIDE BY THE ORGANIZATION'S CONFLICT OF INTEREST POLICY. ALL NEW DIRECTORS WILL BE REQUIRED TO SIGN THE SAME ATTESTATION UPON THEIR JOINING THE BOARD OF DIRECTORS. IN ADDITION, ANY DIRECTOR, OFFICER, EMPLOYEE, MEMBER OR COMMITTEE MEMBER HAVING AN INTEREST IN A CONTRACT OR OTHER TRANSACTION PRESENTED TO THE BOARD OF DIRECTORS OR A COMMITTEE THEREOF FOR AUTHORIZATION, APPROVAL, OR RATIFICATION SHALL GIVE PROMPT, FULL, AND FRANK DISCLOSURE OF HIS OR HER INTEREST TO THE BOARD OR COMMITTEE PRIOR TO ITS ACTING ON SUCH CONTRACT OR TRANSACTION. THE BOARD OR COMMITTEE SHALL GATHER COMPARABILITY DATA REGARDING A POSSIBLE CONFLICT TO MAKE DETERMINATIONS REGARDING THE FAIRNESS AND REASONABLENESS OF THE TRANSACTION. THE INTERESTED PARTY MAY MAKE A PRESENTATION TO THE BOARD OR COMMITTEE CONCERNING THE TRANSACTION OR ARRANGEMENT AND THE INTERESTED PARTY'S INTEREST IN THE TRANSACTION OR ARRANGEMENT. THE BOARD OR COMMITTEE SHALL THEN DISCUSS THE TRANSACTION OR ARRANGEMENT WITHOUT THE INTERESTED PARTY PRESENT, INCLUDING THE DATA GATHERED ABOUT POSSIBLE MORE ADVANTAGEOUS TRANSACTIONS OR ARRANGEMENTS. IF A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT IS NOT REASONABLY POSSIBLE UNDER CIRCUMSTANCES NOT PRODUCING A CONFLICT OF INTEREST, THE BOARD OR COMMITTEE SHALL DETERMINE BY A MAJORITY VOTE OF THE DISINTERESTED DIRECTORS WHETHER THE TRANSACTION OR ARRANGEMENT IS IN THE CORPORATION'S BEST INTEREST, FOR ITS OWN BENEFIT, AND WHETHER IT IS FAIR AND REASONABLE IN CONFORMITY WITH THIS DETERMINATION, IT SHALL MAKE ITS DECISION AS TO WHETHER TO ENTER INTO THE TRANSACTION OR ARRANGEMENT. FORM 990, PART VI, SECTION B, LINE 15 THE ABS ENGAGED AN INDEPENDENT COMPENSATION CONSULTANT TO PROVIDE RELEVANT, COMPETITIVE COMPARABLE MARKET COMPENSATION INFORMATION FOR SELECTED EXECUTIVE POSITIONS INCLUDING THE CEO, VICE-PRESIDENTS AND GENERAL COUNSEL. THE EXPERT REPORT CONCLUDED THAT ALL EXECUTIVE CURRENT RATES OF TOTAL COMPENSATION ARE WELL WITHIN NORMAL MARKET RANGES . THE COMPENSATION REPORT AND ANALYSIS FOR THE EXECUTIVES WAS REVIEWED AND APPROVED BY THE ABS AUDIT COMMITTEE AND THE BOARD OF DIRECTORS, AS CONFIRMED IN THEIR RESPECTIVE MINUTES. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: OTHER COMPONENTS OF NET PERIODIC PENSION COSTS 2,235,784. FORM 990, PART XII, LINE 2C AUDIT COMMITTEE IS TO OVERSEE THE SELECTION OF AUDITORS AND REVIEW OF AUDITED FINANCIAL STATEMENTS FORM 990, PART XI, LINE 8 MANAGEMENT OF THE BOARD HAS RESTATED ITS PREVIOUSLY REPORTED FINANCIAL STATEMENTS AS OF AND FOR THE YEAR ENDED JUNE 30, 2020. THE RESTATEMENT OF THE BOARD'S FINANCIAL STATEMENTS FOLLOWED THE ANALYSIS OF AN AGREEMENT WITH A FORMER EMPLOYEE.