2019-04-08T15:12:04-05:00 2018-06-30 231980475 KREISCHER MILLER 100 WITMER ROAD SUITE 350 HORSHAM PA 190442369 990 2017-07-01 231352007 THE AMERICAN BOARD OF SURGERY INC AMER 2155684000 1617 JOHN F KENNEDY BLVD NO 860 PHILADELPHIA PA 191031847 JO BUYSKE EXECUTIVE DIRECTOR 2155684000 2019-04-01 1 CHRISTOPHER M PEKULA P00734965 2154414600 64.55.30.226 2019-04-01 17:16:23 ED P 87CDFE0D8B66650965AA8FFC975CB29C8D087EAA A784698B36C1CCCF720A42ED971C1A0062FE5F8A 2017 2019-02-21 02:37:17Z JO BUYSKE MD 1617 JOHN F KENNEDY BLVD NO 860 PHILADELPHIA PA 191031847 16060031 0 X WWW.ABSURGERY.ORG X 1937 PA ADMINISTRATION OF CERTIFICATION AND RECERTIFICATION EXAMINATIONS IN GENERAL SURGERY AS WELL AS SPECIALTY AREAS OF SURGICAL CRITICAL CARE, PEDIATRIC SURGERY, HAND SURGERY, COMPLEX GENERAL SURGICAL ONCOLOGY, AND HOSPICE AND PALLIATIVE CARE. 39 36 26 375 0 0 0 0 10312328 9238978 547519 1148128 0 292887 10859847 10679993 0 74304 0 0 7328548 6653076 0 0 0 4735583 5050665 12064131 11778045 -1204284 -1098052 16429169 19566365 10993045 10605883 5436124 8960482 X THE AMERICAN BOARD OF SURGERY, INC. (ABS), INCORPORATED IN 1937, IS A PRIVATE, VOLUNTARY NON-PROFIT, AUTONOMOUS ORGANIZATION FORMED TO CONDUCT EXAMINATIONS OF ACCEPTABLE CANDIDATES WHO SEEK CERTIFICATION OR RECERTIFICATION BY ABS, TO ISSUE CERTIFICATES OF QUALIFICATION TO ALL CANDIDATES MEETING THE BOARD'S REQUIREMENTS BY SATISFACTORILY COMPLETING ITS PRESCRIBED EXAMINATIONS, AND TO IMPROVE AND BROADEN THE OPPORTUNITIES FOR THE POST-GRADUATE EDUCATION AND TRAINING OF SURGEONS. 0 0 COSTS INCURRED IN ADMINISTERING EXAMINATIONS FOR CANDIDATES SEEKING CERTIFICATION AND RECERTIFICATION 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 30,2018, THERE WERE 15,542 INDIVIDUALS WHO TOOK AN EXAMINATION, INCLUDING SURGERY RESIDENTS TAKING THEIR IN-TRAINING EXAMINATIONS. 1,661 INDIVIDUALS OBTAINED CERTIFICATION AND 1,639 WERE RE-CERTIFIED. THE TYPES OF EXAMINATIONS INCLUDE THE FOLLOWING: QUALIFYING, RECERTIFICATION, 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 1 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 1 43 0 1 26 1 0 0 0 0 0 0 X 39 36 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X JO BUYSKE MD 2155684000 1617 JOHN F KENNEDY BLVD STE 860 PHILADELPHIA PA 191031847 ANNE G RIZZO MD DIRECTOR 3.00 X 900 0 0 BRUCE A PERLER MD ASSOCIATE EXECUTIVE DIRECTOR 20.00 0.50 X 232500 0 10730 CHRISTOPHER R MCHENRY MD DIRECTOR 3.00 X 2000 0 0 DAI H CHUNG MD DIRECTOR 3.00 X 2650 0 0 DAVID A SPAIN MD DIRECTOR 3.00 X 0 0 0 DAVID R FARLEY MD DIRECTOR 3.00 X 0 0 0 DAVID T NETSCHER MD DIRECTOR 3.00 X 2150 0 0 DEV M DESAI MD DIRECTOR 3.00 X 2650 0 0 FIZAN ABDULLAH MD DIRECTOR 3.00 X 2000 0 0 GEORGE A SAROSI MD DIRECTOR 3.00 X 0 0 0 JAMES F WHITING MD DIRECTOR 3.00 X 2750 0 0 JO BUYSKE MD EXECUTIVE DIRECTOR, TREASURER 40.00 1.00 X X 540778 0 37820 JOHN D MELLINGER MD DIRECTOR 3.00 X 2650 0 0 K CRAIG KENT MD DIRECTOR 3.00 X 2000 0 0 KAREN J BRASEL MD DIRECTOR 3.00 X 2650 0 0 KENJI INABA MD DIRECTOR 3.00 X 0 0 0 KENNETH S AZAROW MD DIRECTOR 3.00 X 650 0 0 LEE L SWANSTROM MD DIRECTOR 3.00 X 2000 0 0 M ASHRAF MANSOUR MD DIRECTOR 3.00 X 2000 0 0 M TIMOTHY NELSON MD DIRECTOR 3.00 X 0 0 0 MARGO C SHOUP MD DIRECTOR 3.00 X 2250 0 0 MARJORIE J ARCA MD DIRECTOR 3.00 X 0 0 0 MARK L WELTON MD DIRECTOR 3.00 X 0 0 0 MARK MALANGONI MD ASSOCIATE EXECUTIVE DIRECTOR 32.00 8.00 X 360838 90210 45600 MARK S ALLEN MD DIRECTOR 3.00 X 2000 0 0 MARTIN A CROCE MD DIRECTOR 3.00 X 2000 0 0 MARWAN S ABOULIJOUD MD DIRECTOR 3.00 X 0 0 0 MARY E KLINGENSMITH MD CHAIR 7.00 18.00 X X 0 0 0 MARY T HAWN MD DIRECTOR 3.00 X 2750 0 0 NANCY D PERRIER MD DIRECTOR 3.00 X 0 0 0 O JOE HINES MD DIRECTOR 3.00 X 2500 0 0 REID B ADAMS MD DIRECTOR 3.00 X 2000 0 0 ROBERT D FANELLI MD DIRECTOR 3.00 X 2650 0 0 ROXIE M ALBRECHT MD DIRECTOR 3.00 X 2000 0 0 RUSSELL S BERMAN MD DIRECTOR 3.00 X 0 0 0 SPENCE M TAYLOR MD VICE-CHAIR 7.00 X X 2000 0 0 TYLER G HUGHES MD DIRECTOR 3.00 X 2650 0 0 VIVIAN GAHTAN MD DIRECTOR 3.00 X 2000 0 0 WILLIAM C CHAPMAN MD DIRECTOR 3.00 X 2900 0 0 FRANK R LEWIS JR MD EXECUTIVE DIRECTOR (UNTIL 8/31/17) 40.00 X 681150 0 27410 GABRIEL L BEVILACQUA ESQ GENERAL COUNSEL 20.00 5.00 X 183857 0 42630 JESSICA A SCHREADER COO 38.00 2.00 X 142856 7519 39030 ALEX MINKOVSKY SENIOR SOFTWARE ENGINEER 40.00 X 116284 0 17359 ANDREW JONES PHD PSYCHOMETRICIAN 40.00 X 127921 0 28720 JAMES F FIORE DIRECTOR OF IT 40.00 X 141977 0 38845 JASON KOPP PSYCHOMETRICIAN 40.00 X 107453 0 25020 MARNI GRAMBAU EXAM DEVELOPMENT MANAGER 40.00 X 105805 0 19234 2796169 97729 332398 11 0 1 0 NCS PEARSON INC 5601 GREEN VALLEY DRIVE BLOOMINGTON MN 55437 TESTING ADMIN FEES 929385 ISAACSON MILLER 1700 MARHET STREET SUITE 2140 PHILADELPHIA PA 19103 SEARCH FEES 288667 INTERNET TESTING SYSTEMS LLC 3000 CHESTNUT AVENUE SUITE 401 BALTIMORE MD 21211 IT SERVICES 163058 ECG MANAGEMENT CONSULTANTS LLC PO BOX 74008176 CHICAGO IL 60674 MANAGEMENT CONSULTING 103607 4 REGISTRATION / EXAM FEES 611710 9014481 9014481 PSYCHOMETRIC FEES 611710 129972 129972 MISCELLNAEOUS EXAMINATION FEES 611710 94525 94525 9238978 141389 141389 6386777 5380038 1006739 1006739 1006739 PASSTHROUGH REIMBURSEMENT 611710 292887 292887 292887 10679993 9531865 0 1148128 74304 3084232 1962517 1175333 222646 208348 31715 117014 75579 615692 555364 357292 1820224 51612 47462 EXAMINATION ADMIN FEES 772778 DUES 286339 SEARCH FEES 16159 ADMINISTRATIVE EXPENSES 2096 301339 11778045 3225493 7469604 358401 3286060 14630 69723 1520206 1313195 143526 207011 3472912 3664492 9214207 4855433 14042 16429169 19566365 402248 1693207 822700 10590797 8089976 10993045 10605883 X 5436124 8960482 5436124 8960482 16429169 19566365 X -1098052 -241128 1620491 3243047 X X 0 1 X 1 0 280663 236375 44288 1239543 1076820 162723 207011 MULTI STRATEGY INVESTMENTS 4855433 F 4855433 PENSION PLAN LIABILITY 8089976 8089976 X 12397170 -241128 2033884 1792756 10604414 75579 75579 10679993 13342099 1639633 1639633 11702466 75579 75579 11778045 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 IS 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. 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, 2018. THE BOARD'S FEDERAL INCOME TAX RETURNS FOR 2017, 2016 AND 2015 REMAIN SUBJECT TO EXAMINATION BY THE IRS. PART XI, LINE 2D - OTHER ADJUSTMENTS: ELIMINATION OF SCORE RELATED-ENTITY REVENUE 2,033,884. PART XII, LINE 2D - OTHER ADJUSTMENTS: ELIMINATION OF SCORE RELATED-ENTITY EXPENSES 1,639,633. 1 NORTHWESTERN UNIVERSITY FOR RESEARCH & SPONSORSHIP PROGRAMS 633 CLARK STREET ROOM G-547 EVANSTON IL 60208 362167817 501 (C)(3) 74304 MULTICENTER STUDY OF OPERATIVE AUTONOMY IN GENERAL SURGERY RESIDENTS USING SIMPL, THE MODIFIED PROCEDURAL AUTONOMY AND SUPERVISION SYSTEM (PASS). 1 PART I, LINE 2: THIS WAS THE FIRST TIME ABS HAD ISSUED SUCH A GRANT. A BUDGET WAS APPROVED AND LATER EXPENSES IDENTIFIED BEFORE PAYMENT. X 1 1 X X X X 1 0 0 BRUCE A PERLER MD ASSOCIATE EXECUTIVE DIRECTOR 221154 0 11346 0 0 0 0 0 10730 0 243230 0 0 0 JO BUYSKE MD EXECUTIVE DIRECTOR, TREASURER 522257 0 18521 0 0 0 24000 0 13820 0 578598 0 0 0 MARK MALANGONI MD ASSOCIATE EXECUTIVE DIRECTOR 346119 86530 14719 3680 0 0 24000 0 21600 0 406438 90210 0 0 FRANK R LEWIS JR MD EXECUTIVE DIRECTOR (UNTIL 8/31/17) 654265 0 26885 0 0 0 18000 0 9410 0 708560 0 0 0 GABRIEL L BEVILACQUA ESQ GENERAL COUNSEL 175742 0 8115 0 0 0 24000 0 18630 0 226487 0 0 0 JESSICA A SCHREADER COO 134076 7057 8780 462 0 0 13930 0 25100 0 181886 7519 0 0 ANDREW JONES PHD PSYCHOMETRICIAN 125421 0 2500 0 0 0 17990 0 10730 0 156641 0 0 0 JAMES F FIORE DIRECTOR OF IT 134861 0 7116 0 0 0 13745 0 25100 0 180822 0 0 0 PART I, LINE 1A ABS DIRECTORS WERE PERMITTED TO FLY FIRST CLASS TO ABS CERTIFYING (ORAL) EXAMINATIONS. ABS STAFF WERE PERMITTED TO FLY FIRST CLASS TO ANY CERTIFYING (ORAL) EXAMINATION THAT IS MORE THAN 1000 MILES FROM PHILADELPHIA. THESE FLIGHTS WERE NOT INCLUDED IN TAXABLE COMPENSATION. COMPENSATION FOR FIRST CLASS TRAVEL WAS ELIMINATED AS OF JANUARY 2018 BY VOTE OF THE DIRECTORS. PART I, LINE 4A FRANK LEWIS, MD SEVERANCE OF $1,400,000 TO BE PAID IN 2 INCREMENTAL PAYMENTS OF $700,000 EACH FEBRUARY 2018 AND JANUARY 2019. PART I, LINE 7 THE EXECUTIVE COMMITTEE, AS PART OF ITS RESPONSIBILITIES IN SETTING COMPENSATION, ANNUALLY AWARDS BONUSES ON A DISCRETIONARY BASIS RELYING ON A VARIETY OF FACTORS WHILE MAINTAINING THE INTEGRITY OF THE COMPENSATION SETTING PROCESS. 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 AND EXECUTIVE DIRECTOR AND ANY NEEDED CHANGES OR UPDATES ARE COMMUNICATED BACK TO THE ACCOUNTING FIRM. 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 USES THE ASSOCIATION OF AMERICAN MEDICAL COLLEGES (AAMC) "REPORT ON MEDICAL SCHOOL FACULTY SALARIES" AS THE STANDARD FOR DETERMINING APPROPRIATE COMPENSATION FOR PHYSICIAN EXECUTIVE, SINCE THIS IS THE LOCALE FROM WHICH SUCH INDIVIDUALS HAVE TO BE RECRUITED. THIS REPORT PROVIDES THE MOST COMPREHENSIVE DATA AVAILABLE ON MEDICAL FACULTY SALARIES AND IS UPDATED AND REPUBLISHED YEARLY. THE DATA REFLECTS REPORTING FROM ALL 133 ACCREDITED MEDICAL SCHOOLS IN THE UNITED STATES, AND FROM NEARLY 100,000 FACULTY MEMBERS. THE AAMC REPORT CATEGORIZES MEDICAL SCHOOL FACULTY SALARIES BY GEOGRAPHIC REGION, TYPE OF MEDICAL SCHOOL, ACADEMIC RANK, AND MEDICAL SPECIALTY. FOR COMPARATIVE PURPOSES WE USE THE AVERAGE OF PUBLIC, PRIVATE AND NORTHEASTERN MEDCIAL SCHOOLS FOR THE SPECIALTY OF GENERAL SURGERY. THE ACADEMIC RANK OF PROFESSOR IS CONSIDERED EQUIVALENT TO ASSISTANT EXECUTIVE DIRECTOR, DIVISION HEAD IS CONSIDERED EQUIVALENT TO ASSOCIATE EXECUTIVE DIRECTOR, AND DEPARTMENT CHAIR IS CONSIDERED EQUIVALENT TO EXECUTIVE DIRECTOR. THE MEDIAN AND MEAN FIGURES ARE AVERAGED FOR EACH POSITION. THESE FIGURES ARE COMPARED OVER FIVE OR MORE YEARS TO ESTABLISH AVERAGE RATES OF INCREASE PER YEAR. THE ABOVE DATA IS PREPARED BY THE EXECUTIVE DIRECTOR (ED) YEARLY AND IS PRESENTED TO THE FINANCE COMMITTEE AT THE JUNE ANNUAL MEETING IN TABULAR FORM WHICH ALLOWS COMPARISON AMONG ALL OF THE ABOVE VARIABLES. THE ED THEN RECUSES HIMSELF FROM THE ROOM, AND THE COMMITTEE DISCUSSES THE DATA AND ARRIVES AT FINAL DECISIONS REGARDING THE COMPENSATION OF THE PHYSICIAN EXECUTIVES FOR THE SUCCEEDING YEAR. THE AAMC REPORT IS GENERALLY PUBLISHED IN JANUARY OF A GIVEN YEAR AND IS BASED ON SALARIES REPORTED FOR THE PRIOR ACADEMIC YEAR. THE IMPLEMENTATION OF THESE BY ABS IS THEREFORE AT LEAST ONE YEAR BEHIND THE OBSERVED STANDARDS TO WHICH THEY ARE BEING COMPARED. DISCUSSIONS OF COMPENSATION AT THE BOARD LEVEL ARE DOCUMENTED IN BOARD 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: PENSION RELATED ADJUSTMENTS 3,243,047. FORM 990, PART XII, LINE 2C: FINANCE COMMITTEE IS NOW IN PLACE TO OVERSEE THE SELECTION OF AUDITORS AND REVIEW OF AUDITED FINANCIAL STATEMENTS FORM 990, PART III, LINE 3: IN THE SPRING OF 2017 FUTURE CHANGES TO THE RECERTIFICATION PROCESSES WERE ANNOUNCED (THE BOARD WILL MOVE TO REQUIRING AN ONLINE, TAKE HOME EXAMINATION, EVERY TWO YEARS, STARTING IN THE FALL OF 2018 FOR GENERAL SURGERY AND THE FALL OF 2019 FOR THE SURGICAL SPECIALTIES), WHICH WILL REPLACE THE SECURE EXAMINATIONS. THIS ANNOUNCEMENT RESULTED IN LOWER THAN USUAL NUMBERS FOR THE TRADITIONAL SECURE EXAMINATION IN GENERAL SURGERY IN THE FALL OF 2017. SURGICAL COUNCIL ON RESIDENT EDUCATION 1617 JFK BLVD SUITE 860 PHILADELPHIA PA 19103 453248734 PROVIDING RESIDENTS AND SURGERY PROGRAMS WITH EDUCATIONAL MATERIALS PA 501(C)(4) THE AMERICAN BOARD OF SURGERY INC 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 1 0 0 SURGICAL COUNCIL ON RESIDENT EDUCATION O 602642 COST