2013-04-22T07:11:06-05:00 2012-06-30 232932984 PARENTEBEARD LLC SUITE 200 221 PHILADELPHIA STREET YORK PA 174012993 990 2011-07-01 231352007 THE AMERICAN BOARD OF SURGERY INC AMER 2155684000 1617 JOHN F KENNEDY BOULEVARD PHILADELPHIA PA 191031847 FRANK R LEWIS JR MD 2155684000 2013-04-15 1 JULIUS GREEN CPA P00350393 7178467000 2011 2016-02-25 16:41:14Z FRANK R LEWIS JR MD 1617 JOHN F KENNEDY BOULEVARD PHILADELPHIA PA 191031847 12708416 0 X WWW.ABSURGERY.ORG X 1937 PA ADMINISTRATION OF CERTIFICATION AND RECERTIFICATION EXAMINATIONS IN GENERAL SURGERY. 37 37 19 37 0 0 0 0 7540334 8213095 507648 199087 92 39739 8048074 8451921 0 0 0 0 4664678 5075801 0 0 0 5061218 5406937 9725896 10482738 -1677822 -2030817 15250589 13281439 3199525 3984878 12051064 9296561 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, 2012, THERE WERE 14,473 INDIVIDUALS WHO TOOK AN EXAMINATION, INCLUDING SURGERY RESIDENTS TAKING THEIR IN-TRAINING EXAMINATIONS. 4,856 INDIVIDUALS OBTAINED CERTIFICATION (OUT OF 5690 APPLICANTS). THE TYPES OF EXAMINATIONS INCLUDE THE FOLLOWING: QUALIFYING; RECERTIFICATION; VASCULAR SURGERY; SURGICAL PRINCIPLES; SURGICAL CRITICAL CARE; PEDIATRIC SURGERY; HAND SURGERY; IN-TRAINING EXAMINATIONS IN SURGERY; VASCULAR SURGERY; PEDIATRIC SURGERY; AND HOSPICE AND PALLIATIVE CARE. 0 0 0 0 0 0 0 0 0 1 1 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 0 1 39 0 1 19 1 0 0 0 0 0 0 X 37 37 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 2400 0 0 JOSEPH B COFER MD 7.00 X 2500 0 0 THOMAS H COGBILL MD 7.00 X X 2650 0 0 JOHN F EIDT MD 7.00 X 2400 0 0 STEPHEN R T EVANS MD 7.00 X 2000 0 0 B MARK EVERS MD 7.00 X 2650 0 0 DOUGLAS W HANTO MD 7.00 X 2000 0 0 RONALD B HIRSCHL MD 7.00 X 2400 0 0 JOHN G HUNTER MD 7.00 X 2250 0 0 GREGORY J JURKOVICH MD 7.00 X 2650 0 0 V SUZANNE KLIMBERG MD 7.00 X 2150 0 0 DAVID M MAHVI MD 7.00 X 2000 0 0 DAVID W MERCER MD 7.00 X 2000 0 0 JOSEPH L MILLS MD 7.00 X 0 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 2900 0 0 R JAMES VALENTINE MD 7.00 X 2400 0 0 SELWYN M VICKERS MD 7.00 X 2900 0 0 J PATRICK WALKER MD 7.00 X 2650 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 0 0 0 KEVIN C CHUNG MD 7.00 X 0 0 0 MARY E KLINGENSMITH MD 7.00 X 0 0 0 FREDERICK A LUCHETTE MD 7.00 X 0 0 0 LENA M NAPOLITANO MD 7.00 X 0 0 0 SPENCE M TAYLOR MD 7.00 X 0 0 0 LENWORTH M JACOBS JR 7.00 X 0 0 0 NATHALIE M JOHNSON 7.00 X 0 0 0 J WAYNE MEREDITH 7.00 X 0 0 0 FABRIZIO MICHELASSI 7.00 X 0 0 0 KENNETH W SHARP 7.00 X 0 0 0 RICHARD C THIRLBY 7.00 X 0 0 0 THOMAS F TRACY JR 7.00 X 0 0 0 JOHN R POTTS III 7.00 X 0 0 0 STANLEY W ASHLEY 7.00 X X 0 0 0 FRANK R LEWIS JR MD 40.00 X 609329 0 27054 JO BUYSKE MD 40.00 X 401439 0 14700 ROBERT S RHODES MD 40.00 X 198448 0 22525 THOMAS W BIESTER 40.00 X 150828 0 20226 MARK A MALANGONI 40.00 X 362469 0 27054 JESSICA A SCHREADER 40.00 X 137568 0 21151 JAMES F FIORE 40.00 X 134268 0 21811 GABRIEL L BEVILACQUA ESQ 40.00 X 122500 0 7350 2163749 0 161871 8 0 1 0 NCS PEARSON 13036 COLLECTION CENTER DRIVE CHICAGO IL 60693 TECHNICAL WEB SUPPORT 743310 AMIRSYS 2180 SOUTH 1300 EAST STE 570 SALT LAKE CITY UT 84106 TECHNICAL WEB SUPPORT 551806 FOUR SEASONS HOTEL PHILADELPHIA ONE LOGAN SQUARE PHILADELPHIA PA 19103 EXAMINATION/MEETING SPACE 330562 ONE PENN ASSOCIATES CO WACHOVIA BANK PO BOX 601441 CHARLOTTE NC 282601441 OFFICE SPACE 233365 SAUL EWING LLC CENTRE SQUARE WEST 1500 MARKET STRE PHILADELPHIA PA 191022186 BOARD COUNSEL 108223 5 REGISTRATION/EXAM FEES 611710 8194104 8194104 OTHER PROGRAM SERVICE 611710 10451 10451 SALE OF BROCHURES 611710 6140 6140 REMAKE CERTIFICATES 611710 2400 2400 8213095 181856 181856 4273726 4256495 17231 17231 17231 MISCELLANEOUS REVENUE 900099 39739 39739 39739 8451921 8213095 0 238826 2008298 1200918 1535306 181982 149297 124132 38189 89863 1673302 425516 270644 1620082 38580 37291 EXAM ADMIN FEES 734446 DUES 286903 COMMEMORATIONS 41727 MISCELLANEOUS EXPENSE 14828 11434 10482738 16433 58 1076093 1062998 1049136 879053 117365 170083 3114203 3631211 10926495 8417089 15250589 13281439 35740 101527 3163785 3883351 3199525 3984878 X 12051064 9296561 12051064 9296561 15250589 13281439 X -2030817 -723686 X X 0 1 1 X 0 214015 214015 0 835121 665038 170083 170083 MULTI STRATEGY INVESTMENTS 6674807 F ALTERNATIVE INVESTMENTS 1742282 F 8417089 PENSION PLAN LIABILITY 3883351 3883351 8451921 10482738 -2030817 -723686 -723686 -2754503 7625192 -723686 -103043 -826729 8451921 0 8451921 10379695 0 10379695 103043 103043 10482738 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: 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, 2012 AND 2011. PART XII, LINE 2D - OTHER ADJUSTMENTS: INVESTMENT FEES NETTED WITH REVENUE ON FINANCIAL STATEMENTS -87,483. BROCHURE EXPENSE NETTED WITH REVENUE ON FINANCIAL STATEMENTS -5,109. ABCRS / ABU PROGRAM REVENUE -10,451. PART XIII, LINE 4B - OTHER ADJUSTMENTS: INVESTMENT FEES NETTED WITH REVENUE ON FINANCIAL STATEMENTS 87,483. BROCHURE EXPENSE NETTED WITH REVENUE ON FINANCIAL STATEMENTS 5,109. ABCRS / ABU PROGRAM REVENUE 10,451. X 1 1 X X X 0 0 0 FRANK R LEWIS JR MD 609329 0 0 0 0 0 14700 0 12354 0 636383 0 0 0 JO BUYSKE MD 401439 0 0 0 0 0 14700 0 0 0 416139 0 0 0 ROBERT S RHODES MD 198448 0 0 0 0 0 10171 0 12354 0 220973 0 0 0 THOMAS W BIESTER 150828 0 0 0 0 0 6372 0 13854 0 171054 0 0 0 MARK A MALANGONI 362469 0 0 0 0 0 14700 0 12354 0 389523 0 0 0 JESSICA A SCHREADER 137568 0 0 0 0 0 5800 0 15351 0 158719 0 0 0 JAMES F FIORE 134268 0 0 0 0 0 6460 0 15351 0 156079 0 0 0 PART I, LINE 1A FIRST CLASS TRAVEL IS AUTHORIZED FOR OFFICER, 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. 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 DIRECTOR, WHO IS A MEMBER OF THE BOARD OF DIRECTORS, AND ANY NEEDED CHANGES OR UPDATES ARE COMMUNICATED BACK TO THE FIRM THAT PREPARES THE FORM SO THEY CAN UPDATE IT PRIOR TO THE FILING OF THE FORM WITH THE INTERNAL REVENUE SERVICE. 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 AGREE TO ABIDE BY THE ORGANIZATION'S CONFLICT OF INTEREST POLICY. THERE WERE NO CONFLICTS OF INTEREST TO REPORT FOR THIS FISCAL YEAR. 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 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. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FAMILY & BUSINESS RELATIONSHIP: 990 PART VI, SEC A, LINE 2: CURRENTLY THERE IS NO FORMAL PROCESS IN PLACE TO IDENTIFY BUSINESS OR FAMILY RELATIONSHIPS. THE ANNUAL CONFLICT OF INTEREST QUESTIONNAIRE WILL BE UPDATED DURING THE CURRENT FISCAL YEAR TO INCLUDE ADDITIONAL QUESTIONS IN ORDER TO MORE FORMALLY IDENTIFY REPORTABLE RELATIONSHIPS. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -723,686. FORM 990, PART XII, LINE 2C THE BOARD OF DIRECTORS IS RESPONSIBLE FOR BOTH THE SELECTION AND REVIEW OF THE INDEPENDENT AUDITORS. THIS PROCESS HAS NOT CHANGED FROM THE PREVIOUS YEAR. 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.