2012-04-06T12:01:18-05:00 2011-06-30 PARENTEBEARD LLC 1200 ATWATER DRIVE SUITE 225 MALVERN PA 19355 990 2010-07-01 231352007 THE AMERICAN BOARD OF SURGERY INC AMER 2155684000 1617 JOHN F KENNEDY BOULEVARD PHILADELPHIA PA 191031847 FRANK R LEWIS JR MD 2155684000 2012-03-28 1 JULIUS GREEN CPA 6106478100 2010 2016-02-24 21:20:13Z FRANK R LEWIS JR MD 1617 JOHN F KENNEDY BOULEVARD PHILADELPHIA PA 191031847 11961196 0 X WWW.ABSURGERY.ORG X 1937 PA ADMINISTRATION OF CERTIFICATION AND RECERTIFICATION EXAMINATIONS IN GENERAL SURGERY. 36 36 20 0 0 0 0 0 7279580 7540334 563107 507648 0 92 7842687 8048074 0 0 0 0 5170111 4664678 0 0 0 4959227 5061218 10129338 9725896 -2286651 -1677822 16641825 15250589 3819164 3199525 12822661 12051064 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 5870988 7540334 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, 2011, THERE WERE 12,196 INDIVIDUALS WHO TOOK AN EXAMINATION AND 4,559 INDIVIDUALS WERE SUCCESSFUL ON THESE EXAMINATIONS. 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. 5870988 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 38 0 1 20 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 STANLEY W ASHLEY MD 7.00 X X 2400 0 0 KAREN R BORMAN MD 7.00 X 2400 0 0 LD BRITT MD 7.00 X 2900 0 0 JOSEPH B COFER MD 7.00 X 2650 0 0 THOMAS H COGBILL MD 7.00 X 2900 0 0 JOHN F EIDT MD 7.00 X 0 0 0 E CHRISTOPHER ELLISON MD 7.00 X X 2500 0 0 STEPHEN R T EVANS MD 7.00 X 2400 0 0 B MARK EVERS MD 7.00 X 3150 0 0 JOHN B HANKS MD 7.00 X 2650 0 0 DOUGLAS W HANTO MD 7.00 X 2000 0 0 RONALD B HIRSCHL MD 7.00 X 2500 0 0 JOHN G HUNTER MD 7.00 X 0 0 0 LENWORTH M JACOBS JR MBBS 7.00 X 2000 0 0 NATHALIE M JOHNSON MD 7.00 X 2000 0 0 GREGORY J JURKOVICH MD 7.00 X 650 0 0 V SUZANNE KLIMBERG MD 7.00 X 0 0 0 DAVID M MAHVI MD 7.00 X 2150 0 0 DAVID W MERCER MD 7.00 X 0 0 0 J WAYNE MEREDITH MD 7.00 X 2900 0 0 FABRIZIO MICHELASSI MD 7.00 X 2650 0 0 JOSEPH L MILLS MD 7.00 X 2650 0 0 LEIGH A NEUMAYER MD 7.00 X 2900 0 0 JOHN R POTTS III MD 7.00 X 2150 0 0 BRUCE D SCHIRMER MD 7.00 X 2000 0 0 ANTHONY J SENAGORE MD 7.00 X 0 0 0 KENNETH W SHARP MD 7.00 X 2900 0 0 RICHARD C THIRLBY MD 7.00 X 3150 0 0 THOMAS F TRACY JR MD 7.00 X 2650 0 0 DOUGLAS S TYLER MD 7.00 X 0 0 0 R JAMES VALENTINE MD 7.00 X 2150 0 0 NICHOLAS B VEDDER MD 7.00 X 2150 0 0 SELWYN M VICKERS MD 7.00 X 2500 0 0 J PATRICK WALKER MD 7.00 X 3150 0 0 CAMERON D WRIGHT MD 7.00 X 2000 0 0 WILLIAM J SCANLON PHD 7.00 X 0 0 0 FRANK R LEWIS JR MD 40.00 X 642695 0 28254 RICHARD H BELL JR MD 40.00 X 328038 0 11216 JO BUYSKE MD 40.00 X 400827 0 14590 ROBERT S RHODES MD 40.00 X 200667 0 26166 JESSICA A SCHREADER 40.00 X 132840 0 17430 THOMAS W BIESTER 40.00 X 129394 0 22554 JAMES F FIORE 40.00 X 127287 0 24218 GABRIEL L BEVILACQUA ESQ 40.00 X 120000 0 7146 2152898 0 151574 8 0 1 0 BC DECKER LLC PO BOX 9500 PHILADELPHIA PA 19195 TECHNICAL WEB SUPPORT 508800 AMIRSYS 2180 SOUTH 1300 EAST STE 570 SALT LAKE CITY UT 84106 TECHNICAL WEB SUPPORT 414512 WASHINGTON UNIVERSITY SCHOOL OF MEDICINE 660 S EUCLID AVE ST LOUIS MO 63110 TECHNICAL WEB SUPPORT 123000 3 REGISTRATION/EXAM FEES 611710 7529598 7529598 SALE OF BROCHURES 611710 7241 7241 REMAKE CERTIFICATES 611710 3495 3495 7540334 191029 191029 4229741 3913122 316619 316619 316619 MISCELLANEOUS INCOME 900099 92 92 92 8048074 7540334 0 507740 1527873 705380 822493 1450163 801725 648438 1315824 497578 818246 220529 108523 112006 150289 73958 76331 103204 103204 29045 29045 94602 94602 1452855 1379320 73535 602035 121882 480153 252589 252589 1548149 1548149 24917 24917 37650 37650 EXAM ADMIN FEES 633680 633680 DUES 249380 249380 COMMEMORATIONS 11757 11757 JOURNALS/BOOKS 3303 3303 BROCHURE EXPENSE 793 793 17259 17259 9725896 5870988 3854908 0 16433 4283038 1076093 957838 840473 69428 117365 3114203 12289359 10926495 16641825 15250589 35740 3819164 3163785 3819164 3199525 X 12822661 12051064 12822661 12051064 16641825 15250589 X -1677822 906225 X X 0 1 1 X 0 214015 210993 3022 743823 629480 114343 117365 COMMODITY OPTION DEPOSITS 2340532 F MULTI STRATEGY INVESTMENTS 6392665 F ALTERNATIVE INVESTMENTS 2193298 F 10926495 PENSION PLAN LIABILITY 2927166 UNEXERCISED COMMODITY OPTIONS 236619 3163785 8048074 9725896 -1677822 906225 906225 -771597 8858904 906225 -95395 810830 8048074 0 8048074 9630501 0 9630501 95395 95395 9725896 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE ORGANIZATION 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. PART XII, LINE 2D - OTHER ADJUSTMENTS: INVESTMENT FEES NETTED WITH REVENUE ON FINANCIAL STATEMENTS -94,602. BROCHURE EXPENSE NETTED WITH REVENUE ON FINANCIAL STATEMENTS -793. PART XIII, LINE 4B - OTHER ADJUSTMENTS: INVESTMENT FEES NETTED WITH REVENUE ON FINANCIAL STATEMENTS 94,602. BROCHURE EXPENSE NETTED WITH REVENUE ON FINANCIAL STATEMENTS 793. X 1 1 X X X 0 0 0 FRANK R LEWIS JR MD 642695 0 0 0 0 0 14590 0 13664 0 670949 0 0 0 RICHARD H BELL JR MD 328038 0 0 0 0 0 0 0 11216 0 339254 0 0 0 JO BUYSKE MD 400827 0 0 0 0 0 14590 0 0 0 415417 0 0 0 ROBERT S RHODES MD 200667 0 0 0 0 0 11950 0 14216 0 226833 0 0 0 JESSICA A SCHREADER 132840 0 0 0 0 0 7911 0 9519 0 150270 0 0 0 THOMAS W BIESTER 129394 0 0 0 0 0 8866 0 13688 0 151948 0 0 0 JAMES F FIORE 127287 0 0 0 0 0 7580 0 16638 0 151505 0 0 0 PART I, LINE 1A FIRST CLASS TRAVEL IS AUTHORIZED FOR ALL EMPLOYEES WHO ARE TRAVELING MORE THAN 1,000 MILES BY AIR FOR BOARD EXAMINATIONS AND PROGRAMS. 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 A COMPENSATION SURVEY/STUDY IS PERFORMED ANNUALLY BY THE BOARD. THE BOARD'S EXECUTIVE DIRECTOR MAKES RECOMMENDATIONS ON ALL SALARIES OTHER THAN HIS OWN. THE ENTIRE BOARD OF DIRECTORS THEN APPROVES THE EXECUTIVE DIRECTOR'S SALARY AS WELL AS ALL OTHER SALARIES ON AN ANNUAL BASIS. 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 5: NET UNREALIZED GAINS ON INVESTMENTS: 906,225. FORM 990, PART XII, LINE 2C THE BOARD OF DIRECTORS IS RESPONSIBLE FOR BOTH THE SELECTION AND REVIEW OF THE INDEPENDENT AUDITORS. 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.