2015-11-13T08:08:32-06:00 2014-12-31 410746749 CLIFTONLARSONALLEN LLP 1301 W 22ND ST STE 1100 OAK BROOK IL 60523 990 2014-01-01 362110592 AMERICAN ACADEMY OF ORTHOPAEDIC SURGEONS AMER 8478237186 9400 W HIGGINS ROAD NO 500 ROSEMONT IL 600184976 KAREN L HACKETT CHIEF EXECUTIVE OFFICER 8478237186 2015-11-11 1 GREGORY S ADAMS P00095597 6305738600 2014 2016-02-25 16:41:14Z X KAREN L HACKETT 9400 W HIGGINS ROAD NO 500 ROSEMONT IL 600184976 68008194 0 X WWW.AAOS.ORG X 1948 IL SERVING OUR PROFESSIONALS TO PROVIDE THE HIGHEST QUALITY MUSCULOSKELETAL CARE. 16 12 308 2872 952229 313456 11908312 22092819 26944397 24075951 1016493 1794838 1430925 2981711 41300127 50945319 2908990 2352142 0 0 18664679 20504586 0 0 403000 19710213 23889448 41283882 46746176 16245 4199143 101885431 108766166 17587237 20123740 84298194 88642426 X SERVING OUR PROFESSIONALS TO PROVIDE THE HIGHEST QUALITY MUSCULOSKELETAL CARE. 0 0 7387331 15424945 ANNUAL MEETING - PRESENTATION OF LECTURES AND SYMPOSIA ON ORTHOPAEDIC SURGERY AND RELATED TOPICS. 2014 ATTENDANCE: 26,578. 4063752 3325795 COURSE EDUCATION - COURSES PROVIDED TO ORTHOPAEDIC PROFESSIONALS TO KEEP THEM ABREAST OF THE LATEST ADVANCES IN ORTHOPAEDIC SURGERY AND CARE AND TO PROVIDE CME. 35 COURSES AND 24 WEBINARS OFFERED IN 2014. 2836915 2550137 SPECIALTY SOCIETY MANAGEMENT - PROVIDE MEETING MANAGEMENT SERVICES FOR ORTHOPAEDIC SPECIALTY SOCIETIES AND PROMOTE ORTHOPAEDIC UNITY AMOUNG SOCIETIES. 16 SPECIALTY SOCIETIES. 18810136 2352142 355823 OTHER PROGRAM SERVICES - INCLUDING PUBLIC RELATIONS, BOARD OF COUNCILORS, ADVOCACY, EDUCATION PROGRAMS, INTERNATIONAL ACTIVITIES, AND RESEARCH AND SCIENTIFIC AFFAIRS. 18810136 2352142 355823 33098134 1 1 0 1 0 0 0 0 0 1 1 1 0 0 0 1 0 1 0 0 1 0 1 0 0 0 0 1 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 1 0 1 0 1 190 0 308 1 1 1 0 0 0 0 0 0 0 0 0 X 16 12 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 IL X MR RICHARD STEWART COOCFO 8478237186 9400 W HIGGINS ROAD ROSEMONT IL 600184976 ANDREW N POLLAK MD TREASURER 2.50 2.50 X X 191970 0 0 DAVID A HALSEY MD BOS CHAIR-ELECT 1.00 1.00 X 3520 0 0 DAVID C TEMPLEMAN MD BOS CHAIR 1.00 1.00 X 888 0 0 DAVID D TEUSCHER MD FIRST VICE-PRESIDENT 5.00 5.00 X X 82920 0 0 DAVID MANSFIELD MD BOC CHAIR-ELECT 1.00 1.00 X 3210 0 0 FREDERICK M AZAR MD PRESIDENT 7.50 7.50 X X 122526 0 0 JOHN J MCGRAW MD BOC CHAIR 1.00 1.00 X 1246 0 0 JOSEPH A BOSCO MD MEMBER-AT-LARGE 1.00 1.00 X 2093 0 0 JOSHUA J JACOBS MD PAST PRESIDENT 1.50 1.50 X 37640 0 0 TODD MILBRANDT MD MEMBER-AT-LARGE 1.00 1.00 X 798 0 0 WILLIAM J BEST LAY MEMBER 1.00 1.00 X 2635 0 0 BRIAN G SMITH MD BOS SECRETARY 1.00 1.00 X 0 0 0 GERALD R WILLIAMS MD SECOND VICE-PRESIDENT 5.00 5.00 X X 37644 0 0 JENNIFER M WEISS MD MEMBER-AT-LARGE 1.00 1.00 X 0 0 0 LAWRENCE S HALPERIN MD BOC SECRETARY 1.00 1.00 X 1730 0 0 RAJ D RAO MD MEMBER-AT-LARGE 1.00 1.00 X 0 0 0 BILL BRUCE CHIEF TECHNOLOGY OFFICER 30.00 30.00 X 244315 0 47610 ELLEN MOORE CHIEF EDUCATION OFFICER 50.00 10.00 X 256078 0 36935 KAREN L HACKETT CHIEF EXECUTIVE OFFICER 40.00 40.00 X 544971 0 61490 RICHARD J STEWART CFO/COO 30.00 30.00 X 361292 0 47486 RICHARD N PETERSON GENERAL COUNSEL 30.00 30.00 X 315184 0 45166 HOWARD MEVIS DIRECTOR OF ELEC MEDIA, EV 40.00 10.00 X 228805 0 44030 SUSAN MCSORLEY DIR. CONVENTIONS/MEETINGS 45.00 5.00 X 178544 0 41273 DEBORAH CUMMINS DIRECTOR OF RESEARCH 40.00 10.00 X 163370 0 35927 HANS KOELSCH DIRECTOR OF PUBLICATIONS 40.00 10.00 X 178921 0 38682 JAMES OGLE DIRECTOR OF INFORMATION SE 25.00 25.00 X 196470 0 38637 JENNIFER JONES DIR. OF SOCIETY RELATIONS 45.00 5.00 X 165485 0 38034 TINA SLAGER DIRECTOR OF FINANCE 40.00 10.00 X 154301 0 31616 3476556 0 506886 34 0 1 0 ALLIED PRA DESTINATION MANAGEMENT 290 KING STREET STE 11 SAN FRANCISCO CA 94107 TRANSPORTATION 491683 AUGUST LANG & HUSAK INC 4630 MONTGOMERY AVENUE STE 400 BETHESDA MD 20814 ADVERTISING CONSULTANTS 421266 PERSONIFY 1919 GALLOWS RD STE 400 VIENNA VA 22182 SOFTWARE CONSULTANTS 327379 WEBER SHANDWICK PO BOX 7247-6593 PHILADELPHIA PA 19170 PUBLIC RELATIONS/MARKETING 266818 BRIGHTFIND 1010 WAYNE AVE STE 720 SILVER SPRINGS MD 20910 SOFTWARE CONSULTANTS 229573 18 17060000 98615 4934204 22092819 ANNUAL MEETING 541900 16073245 15424945 648300 COURSE EDUCATION 541900 3325795 3325795 SPECIALTY SOCIETY MANAGEMENT 541900 2550137 2550137 RENTAL INCOME FROM ORTHOPAEDIC SO 541900 1313275 0 1313275 PUBLICATIONS 541900 429110 351880 77230 384389 157690 226699 24075951 974748 974748 3135458 3135458 10246760 9426670 820090 820090 820090 7482458 7636205 -153747 -153747 50945319 21656700 952229 6243571 2286157 2286157 65985 65985 3796853 1406083 2390770 11990605 7469518 4419340 101747 1128389 672886 446848 8655 2541346 1885119 647019 9208 1047393 640197 399884 7312 163414 3662 159752 73699 73699 234793 234793 3824854 2603616 993781 227457 827491 790453 32379 4659 737851 443373 285768 8710 555007 325667 229340 1337425 995685 341740 2786707 2163342 621527 1838 5054856 4770325 284531 5011136 3806375 1204761 141794 45387 96407 EQUIPMENT RENTAL 2286053 2217841 68212 PRINTING AND PUBLICATIO 735455 443479 264414 27562 UNRELATED BUSINESS INCO 109193 60544 48649 9720 2440 1428 5852 46746176 33098134 13245042 403000 13783597 10015470 1996042 6459280 3125043 5631228 636802 619306 2462907 3144773 28808674 17362324 11563768 11446350 53850791 56386474 14088190 14771653 0 0 378291 291632 101885431 108766166 6784231 9867740 10803006 10256000 17587237 20123740 X 82359945 87147562 1938249 1494864 84298194 88642426 101885431 108766166 X 4199143 973144 -828055 X X 0 1 X 1 0 X 5869286 11872900 12256942 12882333 22092819 64974280 32698848 29385336 29217622 24406879 29292905 145001590 38568134 41258236 41474564 37289212 51385724 209975870 4250000 9250000 9750000 9000000 17060000 49310000 0 4250000 9250000 9750000 9000000 17060000 49310000 160665870 3184096 4088558 3938029 4726104 5423481 21360268 3184096 4088558 3938029 4726104 5423481 21360268 266722 351904 283018 325893 313456 1540993 42018952 45698698 45695611 42341209 57122661 232877131 0.68990 0.73430 0.09170 0.08640 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1000000 1000000 1000000 1000000 4000000 6000000 234722 221694 279411 295042 1030869 250000 250000 250000 250000 1000000 1500000 6591760 604139 68248 7127651 5861989 786541 56770 6591760 5369778 543717 51506 5861989 5254941 162871 48034 5369778 4743830 555647 44536 5254941 1.00000 0 0 806749 806749 16662229 11701979 4960250 11339696 5660345 5679351 11446350 INVESTMENT IN ORTHO PROPERTIES, LLC 14771653 C 14771653 X PART V, LINE 4: THE PURPOSE OF THE ENDOWMENT FUND IS TO FINANCE ORTHOPAEDIC MEDICAL EDUCATION. UP TO 5% OF THIS FUND CAN BE USED ANNUALLY TO PROVIDE DISCRETIONARY PROJECT FUNDS FOR THE COUNCIL ON EDUCATION AND THE COUNCIL ON RESEARCH AND QUALITY. ADDITIONALLY, IT IS USED TO FUND QUALITY INITIATIVE PROJECTS. PART X, LINE 2: THE ACADEMY AND THE ASSOCIATION'S APPLICATION OF ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REGARDING UNCERTAIN TAX POSITIONS HAS NO EFFECT ON ITS FINANCIAL POSITION AS MANAGEMENT BELIEVES THE ACADEMY AND THE ASSOCIATION HAVE NO MATERIAL UNRECOGNIZED INCOME TAX BENEFITS, INCLUDING ANY POTENTIAL RISK OF LOSS OF THEIR NONPROFIT TAX STATUS, THEREFORE, NO LIABILITY RELATING TO UNCERTAIN TAX POSITIONS HAS BEEN RECORDED AS OF DECEMBER 31, 2014 OR 2013. THE ACADEMY AND THE ASSOCIATION WOULD ACCOUNT FOR ANY POTENTIAL INTEREST OR PENALTIES RELATED TO POSSIBLE FUTURE LIABILITIES FOR UNRECOGNIZED INCOME TAX BENEFITS AS INCOME TAX EXPENSE. THE ACADEMY IS NO LONGER SUBJECT TO EXAMINATION BY FEDERAL, STATE, OR LOCAL TAX AUTHORITIES FOR PERIODS BEFORE 2011. 0 EAST ASIA AND THE PACIFIC 0 0 GRANTS TO RECIPIENTS LOCATED IN THE REGION 25985 SOUTH ASIA 0 0 GRANTS TO RECIPINTS LOCATED IN THE REGION 15000 SOUTH AMERICA 0 0 GRANTS TO RECIPIENTS LOCATED IN THE REGION 10000 SUB-SAHARAN AFRICA 0 0 GRANTS TO RECIPIENTS LOCATED IN THE REGION 15000 0 0 0 0 0 0 65985 0 65985 SCHOLARSHIP EAST ASIA AND THE PACIFIC 6 25985 CASH SCHOLARSHIP MIDDLE EAST AND NORTH AFRICA 3 15000 CASH SCHOLARSHIP EUROPE (INCLUDING GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 2 10000 CASH SCHOLARSHIP CENTRAL AMERICA AND THE CARIBBEAN 3 15000 CASH 0 0 0 0 0 0 PART I, LINE 2: FOR SCHOLARSHIPS, THE ACADEMY PAYS MOST EXPENSES DIRECTLY FOR EACH RECIPIENT AND DISBURSES THE REMAINDER TO COVER TRAVEL EXPENSES PAID BY THE RECIPIENT UP TO $5,000 1 ORTHOPAEDIC LEARNING CENTER 9400 W HIGGINS RD ROSEMONT IL 60018 363999836 501C3 1871593 CONTRIBUTION FOR NEW BUILDING UNITED STATES BONE AND JOINT INITIATIVE 9400 W HIGGINS RD ROSEMONT IL 60018 134223933 501C3 120000 GENERAL SUPPORT AMERICAN JOINT REPLACEMENT REGISTRY 9400 W HIGGINS RD ROSEMONT IL 60018 270645591 501C3 100000 GENERAL SUPPORT AMERICAN ASSOCIATION OF HIP & KNEE SURGEONS 9400 W HIGGINS RD ROSEMONT IL 60018 363832205 501C6 30000 GENERAL SUPPORT PARTNERS IN HEALTH 888 COMMONWEALTH AVE BOSTON MA 02215 043567502 501C3 30000 GENERAL SUPPORT ORTHOPAEDIC RESEARCH AND EDUCATION FOUNDATION 9400 W HIGGINS RD ROSEMONT IL 60018 366009467 501C3 25000 GENERAL SUPPORT ORTHOPAEDIC LEARNING CENTER 9400 W HIGGINS RD ROSEMONT IL 60018 363999836 501C3 20000 GENERAL SUPPORT THE PERRY INITIATIVE 450 STANYAN STREET SAN FRANCISCO CA 94117 273728166 501C3 10500 GENERAL SUPPORT OKLAHOMA ORTHOPAEDIC SOCIETY 66 E LYNN ST COLUMBUS OH 43215 731370645 501C6 9000 STATE SOCIETY ASSISTANCE TEXAS ORTHOPAEDIC ASSOCIATION 401 WEST 15TH STE 820 AUSTIN TX 78701 742410142 501C6 6500 STATE SOCIETY ASSISTANCE WESTERN ORTHOPAEDIC ASSOCIATION 110 WEST RD STE 227 TOWSON MD 21204 941379470 501C6 6000 STATE SOCIETY ASSISTANCE KEELING FAMILY FOUNDATION 21 SPINNING WHEEL RD STE 8D HINSDALE IL 60521 363489906 501C3 5000 GENERAL SUPPORT ST JUDE'S CHILDREN'S RESEARCH HOSPITAL 501 ST JUDE PLACE MEMPHIS TN 38105 620646012 501C3 5000 GENERAL SUPPORT HEALTH VOLUNTEERS OVERSEAS 1900 L STREET NW SUITE 310 WASHINGTON DC 20036 521485477 501C3 5000 GENERAL SUPPORT CHORDOMA FOUNDATION P O BOX 2127 DURHAM NC 27702 208423943 501C3 5000 GENERAL SUPPORT 11 4 PART I, LINE 2: THE ORGANIZATION MAKES CONTRIBUTIONS TO OTHER ENTITIES WITH SIMILAR ORTHOPAEDIC RELATED MISSIONS FOR THE GENERAL SUPPORT OF THESE ORGANIZATIONS. IF THE FUNDS ARE TO BE USED FOR GENERAL SUPPORT OF THEIR MISSION, WE DO NOT REQUIRE THESE ORGANIZATIONS TO SUBSTANTIATE THEIR EXPENDITURES RELATED TO THESE CONTRIBUTIONS. FOR SOME PROJECTS, HOWEVER, A FINAL REPORT IS REQUIRED TO SUBSTANTIATE THE EXPENDITURES. X X X 1 1 X X X 0 1 0 0 0 0 0 0 0 ANDREW N POLLAK MD TREASURER 0 0 0 0 191970 0 0 0 0 0 191970 0 0 0 BILL BRUCE CHIEF TECHNOLOGY OFFICER 231147 0 7754 0 5414 0 27815 0 19795 0 291925 0 0 0 ELLEN MOORE CHIEF EDUCATION OFFICER 249175 0 5101 0 1802 0 28600 0 8335 0 293013 0 0 0 KAREN L HACKETT CHIEF EXECUTIVE OFFICER 460401 0 80000 0 4570 0 45500 0 15990 0 606461 0 0 0 RICHARD J STEWART CFO/COO 311590 0 40507 0 9195 0 31496 0 15990 0 408778 0 0 0 RICHARD N PETERSON GENERAL COUNSEL 299442 0 5761 0 9981 0 29176 0 15990 0 360350 0 0 0 HOWARD MEVIS DIRECTOR OF ELEC MEDIA, EV 220242 0 761 0 7802 0 28040 0 15990 0 272835 0 0 0 SUSAN MCSORLEY DIR. CONVENTIONS/MEETINGS 169514 0 4261 0 4769 0 21478 0 19795 0 219817 0 0 0 DEBORAH CUMMINS DIRECTOR OF RESEARCH 157860 0 254 0 5256 0 19937 0 15990 0 199297 0 0 0 HANS KOELSCH DIRECTOR OF PUBLICATIONS 174669 0 2754 0 1498 0 22692 0 15990 0 217603 0 0 0 JAMES OGLE DIRECTOR OF INFORMATION SE 192605 0 761 0 3104 0 22647 0 15990 0 235107 0 0 0 JENNIFER JONES DIR. OF SOCIETY RELATIONS 161676 0 254 0 3555 0 22044 0 15990 0 203519 0 0 0 TINA SLAGER DIRECTOR OF FINANCE 149540 0 507 0 4254 0 18718 0 12898 0 185917 0 0 0 PART I, LINE 1A AIRFARE ONE CLASS UP FROM COACH IS AVAILABLE TO THE PRESIDENTIAL LINE FOR ALL ACADEMY ACTIVITIES, AND ONE PERSON RECEIVED THIS BENEFIT IN 2014, WHICH IS NOT TREATED AS TAXABLE COMPENSATION. AIRFARE ONE CLASS UP FROM COACH IS AVAILABLE TO THE BOARD OF DIRECTORS FOR ALL BOARD-RELATED ACTIVITIES AND 9 PEOPLE RECEIVED THIS BENEFIT IN 2014, WHICH IS NOT TREATED AS TAXABLE COMPENSATION. TRAVEL FOR COMPANIONS IS AVAILABLE TO THE BOARD OF DIRECTORS AND EXECUTIVE TEAM MEMBERS (CEO, COO/CFO, CHIEF TECHNOLOGY OFFICER, CHIEF EDUCATION OFFICER, MEDICAL DIRECTOR, AND GENERAL COUNSEL) AND THE AMOUNT OF COMPANION TRAVEL WAS TREATED AS TAXABLE COMPENSATION TO ALL WHO RECEIVED THIS BENEFIT (4 PEOPLE IN 2014). THE BOARD OF DIRECTORS RECEIVES GROSS-UP PAYMENTS FOR THIS COMPENSATION AND THAT IS ALSO TREATED AS TAXABLE COMPENSATION (17 PEOPLE IN 2014). PART I, LINE 4B KAREN HACKETT, CHIEF EXECUTIVE OFFICER, ACCRUED A 457F SUPPLEMENTAL RETIREMENT PAYMENT OF $16,500, WHICH IS INCLUDED IN SCHEDULE J, PART II DEFERRED COMPENSATION. ANDREW N POLLAK MD BOARD MEMBER 186588 THE BOARD MEMBER IS THE EDITOR OF ONE OF THE ACADEMY'S PRODUCT LINES. HIS COMPANY RECEIVES A ROYALTY BASED ON A PERCENTAGE OF THE SALES ASSOCIATED WITH THAT PRODUCT LINE. 1 FORM 990, PART VI, SECTION A, LINE 6 AS A MEMBERSHIP ASSOCIATION, THE ORGANIZATION CURRENTLY HAS 38,015 MEMBERS. THERE ARE TWO CATEGORIES OF MEMBERSHIP IN THE ACADEMY: FELLOWS AND MEMBERS. ONLY FELLOWS SHALL HAVE THE RIGHT TO VOTE AND HOLD OFFICE. FORM 990, PART VI, SECTION A, LINE 7A ELECTIONS OF THE OFFICERS AND THE AT-LARGE MEMBERS OF THE ACADEMY BOARD OF DIRECTORS SHALL BE DETERMINED BY THE ADOPTION OF THE REPORT OF THE NOMINATING COMMITTEE OR BY THE VOICE, WRITTEN, OR ELECTRONIC BALLOT OF THOSE FELLOWS PRESENT AT THE BUSINESS MEETING OF THE ANNUAL MEETING. EACH FELLOW WHO IS PRESENT AT THE BUSINESS MEETING OF THE ANNUAL MEETING SHALL BE ENTITLED TO ONE (1) VOTE FOR EACH OFFICER OF THE ACADEMY, MEMBER OF THE BOARD OF DIRECTORS, MEMBER OF THE MEMBERSHIP COMMITTEE, AND NOMINEES TO THE AMERICAN BOARD OF ORTHOPAEDIC SURGERY TO BE ELECTED. THOSE INDIVIDUALS RECEIVING THE GREATEST NUMBER OF VOTES SHALL BE CONSIDERED ELECTED, EVEN IF THEY DO NOT RECEIVE A MAJORITY OF THE VOTES CAST. FORM 990, PART VI, SECTION B, LINE 11 THE BOARD RETAINS THE SERVICES OF AN INDEPENDENT CPA FIRM TO PREPARE THE ORGANIZATION'S FORM 990. MANAGEMENT REVIEWS THE COMPLETED FORM 990 AND PROVIDES A FULL COPY TO ALL VOTING MEMBERS OF THE GOVERNING BODY PRIOR TO FILING. A CONFERENCE CALL IS SCHEDULED FOR THE CPA FIRM AND ORGANIZATION MANAGEMENT TO DISCUSS THE FORM 990 WITH THE FINANCE COMMITTEE AND TO ANSWER ANY QUESTIONS PRIOR TO FILING FORM 990 WITH THE IRS. THE FINANCE COMMITTEE HAS BEEN DELEGATED THE AUTHORITY TO REVIEW AND APPROVE THE FORM 990 BY THE VOTING MEMBERS OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS, KEY VOLUNTEERS, AND KEY STAFF ARE NOTIFIED IN WRITING TWICE A YEAR TO UPDATE THEIR WRITTEN DISCLOSURES. THE DISCLOSURE DATABASE IS MAINTAINED ELECTRONICALLY AND ANYONE WHO HAS NOT UPDATED THEIR RECORD IS NOTIFIED UNTIL THEY HAVE DONE SO. ADDITIONALLY, BEFORE EVERY BOARD AND COMMITTEE MEETING PARTICIPANTS ARE ASKED IF THEY HAVE ANYTHING NEW TO DISCLOSE. THE CHAIR OF THE GOVERNANCE GROUP SHALL ALSO HAVE THE PREROGATIVE OF REQUESTING A PARTICIPANT TO PROVIDE FURTHER INFORMATION OR AN EXPLANATION IF THE CHAIR IDENTIFIES A POTENTIAL CONFLICT OF INTEREST REGARDING THAT PARTICIPANT. THE CHAIR SHALL BE GUIDED BY THE MOST CURRENT VERSION OF THE PROTOCOL FOR THE PRESIDENT TO USE IN HANDLING POTENTIAL CONFLICT OF INTEREST ISSUES BEFORE THE ACADEMY BOARD OF DIRECTORS. BASED ON THE INFORMATION PROVIDED IN THE ACADEMY ORTHOPAEDIC DISCLOSURE PROGRAM AND/OR UPON A FURTHER REVIEW, THE CHAIR OF THE ACADEMY GOVERNANCE GROUP MAY DETERMINE THAT THE PARTICIPANT SHALL: 1) DISCLOSE THE POTENTIAL CONFLICT AND CONTINUE TO PARTICIPATE FULLY IN THE ACADEMY GOVERNANCE GROUP'S DISCUSSIONS AND VOTE; ["DISCLOSURE OPTION"] 2) DISCLOSE THE POTENTIAL CONFLICT, ADDRESS ANY QUESTIONS OTHER MEMBERS OF THE GROUP HAVE ON THE SUBJECT, THEN LEAVE THE ROOM AND NOT PARTICIPATE IN FURTHER DISCUSSION AND VOTE ["RECUSAL FROM VOTE OPTION"] OR 3) DEPART FROM THE ROOM UNTIL THE MATTER HAS BEEN FULLY DISCUSSED AND ACTED UPON. ["RECUSAL FROM DISCUSSION AND VOTE OPTION"]. FORM 990, PART VI, SECTION B, LINE 15 A COMPENSATION COMMITTEE IS DESIGNATED BY THE VOTING MEMBERS OF THE GOVERNING BODY AND IS CHARGED WITH DEVELOPING AND NEGOTIATING THE TERMS OF EMPLOYMENT AND ESTABLISHING THE TOTAL COMPENSATION PACKAGE FOR DESIGNATED POSITIONS WHICH INCLUDE OFFICERS AND KEY EMPLOYEES. AN EVALUATION PROCESS IS COMPLETED ANNUALLY AND A RECOMMENDATION IS MADE REGARDING COMPENSATION THAT IS SENT TO THE BOARD FOR APPROVAL. THIS PROCESS INCLUDES THE CHIEF EXECUTIVE OFFICER, CHIEF OPERATING OFFICER/CHIEF FINANCIAL OFFICER, CHIEF TECHNOLOGY OFFICER, CHIEF EDUCATION OFFICER, MEDICAL DIRECTOR, AND GENERAL COUNSEL. FOR ALL OTHER KEY EMPLOYEES AND STAFF POSITIONS, A MARKET STUDY REVIEW IS PERFORMED EVERY THREE TO FOUR YEARS COMPARING JOB DESCRIPTIONS WITH OTHER ENTITIES TO DETERMINE REASONABLE SALARY RANGES. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS AND THE CONFLICT OF INTEREST POLICY ARE AVAILABLE ON THE ORGANIZATION'S WEBSITE WHICH IS OPEN TO THE PUBLIC. FINANCIAL STATEMENTS ARE AVAILABLE THROUGH THE APPLICABLE GOVERNMENTAL AGENCIES. FORM 990, PART XI, LINE 9: LOSS ON ORTHO PROPERTIES LLC -828,055. FORM 990, PART XII, LINE 2C THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. FORM 990, PART VI, SECTION A, LINE 1A THE PRESIDENT, FIRST VICE-PRESIDENT, TREASURER, CHAIR OF THE BOARD OF COUNCILORS, AND CHAIR OF THE BOARD OF SPECIALTY SOCIETIES SHALL CONSTITUTE THE EXECUTIVE COMMITTEE. THE EXECUTIVE COMMITTEE SHALL HANDLE MATTERS REQUIRING ACTION BETWEEN BOARD MEETINGS. THE EXECUTIVE COMMITTEE MAY ACT ON BEHALF OF THE BOARD OF DIRECTORS BETWEEN MEETINGS OF THE BOARD, BUT SUCH ACTIONS ARE SUBJECT TO RATIFICATION BY THE FULL BOARD OF DIRECTORS. AMERICAN ASSOCIATION OF ORTHOPAEDIC SURGEONS 9400 W HIGGINS ROAD ROSEMONT IL 60018 364241052 ADVOCACY ACTIVITIES ON BEHALF OF PATIENTS AND PROFESSIONALS IL 501(C)(6) N/A 0 CENTER FOR ORTHOPAEDIC ADVANCEMENT NFP 9400 W HIGGINS ROAD ROSEMONT IL 60018 263164922 SUPPORT EDUCATIONAL ACTIVITIES OF AAOS IL 501(C)(3) LINE 11A, I N/A 0 AMERICAN JOINT REPLACEMENT REGISTRY NFP 9400 W HIGGINS ROAD ROSEMONT IL 60018 270645591 FOSTER A NATIONAL CENTER FOR DATA COLLECTION ON JOINT REPLACEMENTS IL 501(C)(3) LINE 11A, I N/A 0 ORTHO PROPERTIES LLC 9400 W HIGGINS ROAD ROSEMONT IL 60018 320402949 RENTAL IL AMERICAN ACADEMY OF ORTHOPAEDIC SURGEONS RELATED -828055 14771653 0 1 0.68650 0 1 1 1 0 0 0 0 0 1 0 1 0 1 1 0 1 1 0 AMERICAN ASSOCIATION OF ORTHOPAEDIC SURGEONS C 17060000 COST AMERICAN ASSOCIATION OF ORTHOPAEDIC SURGEONS Q 3552414 COST ORTHO PROPERTIES LLC B 260248 COST ORTHO PROPERTIES LLC D 2093208 COST ORTHO PROPERTIES LLC J 208450 COST ORTHO PROPERTIES LLC R 209311 COST