2014-04-15T10:55:55-05:00 2013-06-30 232932984 PARENTEBEARD LLC 1650 MARKET ST SUITE 4500 PHILADELPHIA PA 19103 990 2012-07-01 231352007 THE AMERICAN BOARD OF SURGERY INC AMER 2155684000 1617 JOHN F KENNEDY BOULEVARD PHILADELPHIA PA 191031847 FRANK R LEWIS JR MD 2155684000 2014-04-17 1 JULIUS GREEN CPA P00350393 2159720701 2012 2015-11-30 17:44:51Z FRANK R LEWIS JR MD 1617 JOHN F KENNEDY BOULEVARD PHILADELPHIA PA 191031847 10943780 0 X WWW.ABSURGERY.ORG X 1937 PA ADMINISTRATION OF CERTIFICATION AND RECERTIFICATION EXAMINATIONS IN GENERAL SURGERY. 36 36 21 36 0 0 0 0 8213095 8043513 199087 299683 39739 575 8451921 8343771 0 0 0 0 5075801 4890220 0 0 0 5406937 4039997 10482738 8930217 -2030817 -586446 13281439 12751898 3984878 3966043 9296561 8785855 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, 2013, THERE WERE 14,494 INDIVIDUALS WHO TOOK AN EXAMINATION, INCLUDING SURGERY RESIDENTS TAKING THEIR IN-TRAINING EXAMINATIONS. 5,711 INDIVIDUALS OBTAINED CERTIFICATION. THE TYPES OF EXAMINATIONS INCLUDE THE FOLLOWING: QUALIFYING, RECERTIFICATION, VASCULAR SURGERY, SURGICAL PRINCIPLES, SURGICAL CRITICAL CARE, PEDIATRIC SURGERY, HAND SURGERY, 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 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 39 0 1 21 1 0 0 0 0 0 0 X 36 36 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X FRANK R LEWIS JR MD - EXECUTI 2155684000 1617 JOHN F KENNEDY BLVD STE 860 PHILADELPHIA PA 191031847 LD BRITT MD 7.00 X 2900 0 0 JOSEPH B COFER MD 7.00 X X 2750 0 0 THOMAS H COGBILL MD 7.00 X X 2900 0 0 JOHN F EIDT MD 7.00 X 2250 0 0 STEPHEN R T EVANS MD 7.00 X 2000 0 0 B MARK EVERS MD 7.00 X 0 0 0 DOUGLAS W HANTO MD 7.00 X 2150 0 0 RONALD B HIRSCHL MD 7.00 X 2150 0 0 JOHN G HUNTER MD 7.00 X 2000 0 0 GREGORY J JURKOVICH MD 7.00 X 2900 0 0 V SUZANNE KLIMBERG MD 7.00 X 2400 0 0 DAVID M MAHVI MD 7.00 X 2000 0 0 DAVID W MERCER MD 7.00 X 2500 0 0 JOSEPH L MILLS MD 7.00 X 2000 0 0 BRUCE D SCHIRMER MD 7.00 X 2000 0 0 ANTHONY J SENAGORE MD 7.00 X 2000 0 0 DOUGLAS S TYLER MD 7.00 X 2400 0 0 R JAMES VALENTINE MD 7.00 X 2000 0 0 SELWYN M VICKERS MD 7.00 X 2250 0 0 J PATRICK WALKER MD 7.00 X 2900 0 0 CAMERON D WRIGHT MD 7.00 X 2000 0 0 WILLIAM J SCANLON PHD 7.00 X 0 0 0 KEVIN E BEHRNS MD 7.00 X 3400 0 0 KEVIN C CHUNG MD 7.00 X 2000 0 0 MARY E KLINGENSMITH MD 2.00 5.00 X 2650 0 0 FREDERICK A LUCHETTE MD 7.00 X 2900 0 0 LENA M NAPOLITANO MD 7.00 X 2400 0 0 SPENCE M TAYLOR MD 7.00 X 2000 0 0 TYLER G HUGHES MD 7.00 X 0 0 0 CHRISTOPHER MCHENRY MD 7.00 X 0 0 0 MARGO C SHOUP MD 7.00 X 0 0 0 JAMES F WHITING MD 7.00 X 0 0 0 FIZAN ABDULLAH MD 7.00 X 0 0 0 KENNETH AZAROW MD 7.00 X 0 0 0 KAREN J BRASEL MD 7.00 X 0 0 0 MARTIN A CROCE MD 7.00 X 0 0 0 FRANK R LEWIS JR MD 38.00 2.00 X 608925 0 28779 JO BUYSKE MD 38.00 2.00 X 424183 0 15000 ROBERT S RHODES MD 40.00 X 212653 0 26835 THOMAS W BIESTER 40.00 X 152364 0 23091 MARK A MALANGONI 25.00 15.00 X 424153 0 29109 JESSICA A SCHREADER 39.50 0.50 X 146676 0 25702 JAMES F FIORE 40.00 X 137858 0 25494 GABRIEL L BEVILACQUA ESQ 40.00 X 129500 0 20510 ALEXANDER MINKOVSKY 40.00 X 104116 0 22585 ANDREW JONES 40.00 X 103703 0 13879 2505931 0 230984 10 0 1 0 NCS PEARSON 13036 COLLECTION CENTER DRIVE CHICAGO IL 60693 TECHNICAL WEB SUPPORT 874080 FOUR SEASONS HOTEL PHILADELPHIA ONE LOGAN SQUARE PHILADELPHIA PA 19103 EXAMINATION/MEETING SPACE 481625 ONE PENN ASSOCIATES CO WACHOVIA BANK PO BOX 60141 CHARLOTTE NC 282601441 OFFICE SPACE 282068 JW MARRIOTT DESERT RIDGE 5350 EAST MARRIOTT DRIVE PHOENIX AZ 85054 EXAMINATION/MEETING SPACE 101218 4 REGISTRATION/EXAM FEES 611710 7980728 7980728 PSYCHOMETRIC REVIEWS/EXAMINATIONS 611710 61135 61135 REMAKE CERTIFICATES 611710 1650 1650 8043513 138428 138428 2761264 2600009 161255 161255 161255 MISCELLANEOUS REVENUE 900099 575 575 575 8343771 8043513 0 300258 2031375 1458375 961883 265784 172803 29396 36924 69334 375038 419456 315993 1669920 60639 35143 EXAM ADMIN FEES 726770 DUES 288612 COMMEMORATIONS 7285 JOURNALS/BOOKS 1864 3623 8930217 58 211 1062998 1141443 1263614 939493 170083 324121 3631211 3068412 8417089 8217711 13281439 12751898 101527 120656 3883351 3845387 3984878 3966043 X 9296561 8785855 9296561 8785855 13281439 12751898 X -586446 704335 -628595 X 0 1 X 1 0 250392 216116 34276 999180 723377 275803 14042 14042 324121 MULTI STRATEGY INVESTMENTS 7589569 F ALTERNATIVE INVESTMENTS 628142 F 8217711 PENSION PLAN LIABILITY 3845387 3845387 X 10178644 704335 1130538 1834873 8343771 0 8343771 10047845 0 10047845 -1117628 -1117628 8930217 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X, LINE 2: 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 ORGANIZATION'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, 2013 AND 2012. THE BOARD'S FEDERAL BUSINESS INCOME TAX RETURNS FOR 2012, 2011, AND 2010 REMAIN SUBJECT TO EXAMINATION BY THE IRS. PART XI, LINE 2D - OTHER ADJUSTMENTS: INVESTMENT FEES NETTED WITH REVENUE ON FINANCIAL STATEMENTS -66,139. ELIMINATION OF SCORE RELATED-ENTITY REVENUE 1,196,677. PART XII, LINE 4B - OTHER ADJUSTMENTS: INVESTMENT FEES NETTED WITH REVENUE ON FINANCIAL STATEMENTS 66,139. ELIMINATION OF SCORE RELATED-ENTITY EXPENSES -1,183,767. X 1 1 X X X 0 0 0 FRANK R LEWIS JR MD 593925 0 15000 0 0 0 15000 0 13779 0 637704 0 0 0 JO BUYSKE MD 414183 0 10000 0 0 0 15000 0 0 0 439183 0 0 0 ROBERT S RHODES MD 207653 0 5000 0 0 0 12759 0 14076 0 239488 0 0 0 THOMAS W BIESTER 150864 0 1500 0 0 0 8958 0 14133 0 175455 0 0 0 MARK A MALANGONI 414153 0 10000 0 0 0 15000 0 14109 0 453262 0 0 0 JESSICA A SCHREADER 143676 0 3000 0 0 0 8480 0 17222 0 172378 0 0 0 JAMES F FIORE 134858 0 3000 0 0 0 8272 0 17222 0 163352 0 0 0 GABRIEL L BEVILACQUA ESQ 129500 0 0 0 0 0 7500 0 13010 0 150010 0 0 0 PART I, LINE 1A FIRST CLASS TRAVEL IS AUTHORIZED FOR OFFICERS, DIRECTORS, KEY EMPLOYEES, AND HIGHLY COMPENSATED EMPLOYEES WHO ARE TRAVELING MORE THAN 1,000 MILES BY AIR FOR BOARD EXAMINATIONS AND PROGRAMS. THE VALUE OF FIRST CLASS TRAVEL IS NOT INCLUDED IN COMPENSATION. PART I, LINE 7 THE EXECUTIVE COMMITTEE, AS PART OF ITS RESPONSIBILITES 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 11 THE ORGANIZATION HAS AN INDEPENDENT CERTIFIED PUBLIC ACCOUNTING FIRM PREPARE THE FORM 990. THE FORM IS THEN REVIEWED BY OUR ORGANIZATION'S EXECUTIVE DIRECTOR, WHO IS A MEMBER OF THE BOARD OF DIRECTORS, AND ANY NEEDED CHANGES OR UPDATES ARE COMMUNICATED BACK TO THE ACCOUNTING FIRM FOR UPDATES. ALL BOARD MEMBERS RECEIVE COPIES OF THE FORM 990 BEFORE IT 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. AN AMENDMENT IS IN PROGRESS TO INCLUDE MENTION OF FAMILY AND BUSINESS RELATIONSHIPS IN THE CONFLICT OF INTEREST POLICY. IT WILL BE ADDRESSED AT A SUBSEQUENT EXECUTIVE COMMITTEE MEETING. 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 EXECUTIVES, 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 COMPARATOR PURPOSES WE USE THE AVERAGE OF PUBLIC, PRIVATE, AND NORTHEASTERN MEDICAL 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. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 9: INTERCOMPANY CAPITAL ADJUSTMENT -628,595. FORM 990, PART VI, LINE 7 THE DIRECTORS OF THE ORGANIZATION SHALL BE ELECTED FROM AMONG NOMINEES FROM THE PUBLIC AND FROM VARIOUS NATIONAL AND REGIONAL SURGICAL SPECIALTY ORGANIZATIONS WHICH SHALL BE KNOWN AS NOMINATING ORGANIZATIONS. EACH NOMINATING ORGANIZATION SHALL BE REQUESTED TO SUBMIT THE NAMES OF NOMINEES, IN THE NUMBER DETERMINED BY THE DIRECTORS, FROM WHICH THE APPROPRIATE NUMBER OF DIRECTORS FROM THAT ORGANIZATION SHALL BE ELECTED BY MAJORITY VOTE OF THE DIRECTORS. 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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 0 SURGICAL COUNCIL ON RESIDENT EDUCATION O 223817 COST SURGICAL COUNCIL ON RESIDENT EDUCATION R 628595 COST