2025-11-12T09:48:07-06:00 2024-12-31 410746749 CLIFTONLARSONALLEN LLP 2021 SPRING ROAD SUITE 200 OAK BROOK IL 60523 990 2024-01-01 362110592 AMERICAN ACADEMY OF ORTHOPAEDIC SURGEONS AMER 8473844254 9400 W HIGGINS ROAD 500 ROSEMONT IL 600184976 RACHEL BOWERS CHIEF FINANCIAL OFFICER 8473844254 2025-11-11 1 0 ASHLEY BARSEMA P01332786 6305738600 2025-11-11 2024 2025-03-06 01:10:19Z THOMAS E AREND JR 9400 W HIGGINS ROAD 500 ROSEMONT IL 600184976 96376513 0 X WWW.AAOS.ORG X 1948 IL SERVING OUR PROFESSIONALS TO PROVIDE THE HIGHEST QUALITY MUSCULOSKELETAL CARE. 17 13 240 4000 1674978 325501 14894974 21385461 28909235 26977507 255240 2810439 2440072 2393979 46499521 53567386 564000 533363 0 0 25220829 26408721 0 0 142757 23931199 24223468 49716028 51165552 -3216507 2401834 187086157 192543686 41447826 38120884 145638331 154422802 SERVING OUR PROFESSIONALS TO PROVIDE THE HIGHEST QUALITY MUSCULOSKELETAL CARE. 0 0 11107938 14559531 ANNUAL MEETING - PRESENTATION OF LECTURES AND SYMPOSIA ON ORTHOPAEDIC SURGERY AND RELATED TOPICS, NUMBER OF ATTENDEES IS 14,963 IN 2024. 1740269 1742016 COURSE EDUCATION - COURSES PROVIDED TO ORTHOPAEDIC PROFESSIONALS TO KEEP THEM ABREAST OF THE LATEST ADVANCES IN ORTHOPAEDIC SURGERY AND CARE AND TO PROVIDE CME. 16 COURSES OFFERED IN 2024. 22455670 533363 4354278 OTHER PROGRAM SERVICES - INCLUDING PUBLIC RELATIONS, BOARD OF COUNCILORS, ADVOCACY, EDUCATION PROGRAMS, INTERNATIONAL ACTIVITIES, AND RESEARCH AND SCIENTIFIC AFFAIRS. 35303877 1 1 0 1 0 0 0 0 0 0 1 1 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 1 160 0 240 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 17 13 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 IL X MS RACHEL BOWERS CHIEF FINANCIAL OFFICER 8473844254 9400 W HIGGINS ROAD ROSEMONT IL 600184976 PAUL TORNETTA III MD PRESIDENT 7.50 7.50 X X 110417 0 0 ANNUNZIATO AMENDOLA MD FIRST VICE-PRESIDENT 5.00 5.00 X X 65833 0 0 WILFORD K GIBSON MD SECOND VICE-PRESIDENT 5.00 5.00 X X 34027 0 0 KEVIN J BOZIC MD PAST PRESIDENT 2.50 2.50 X X 98319 0 0 MICHAEL L PARKS MD TREASURER 1.50 1.50 X X 0 0 0 MININDER S KOCHER MD TREASURER ELECT 1.00 1.00 X X 0 0 0 JOEL L MAYERSON BOC CHAIR 1.00 1.00 X 0 0 0 MICHAEL J LEDDY III MD BOC CHAIR-ELECT 1.00 1.00 X 0 0 0 JAMES WILLIAM BARBER BOC SECRETARY 1.00 1.00 X 0 0 0 ARMANDO F VIDAL MD BOS CHAIR 1.00 1.00 X 0 0 0 ADOLPH J YATES JR MD BOS CHAIR-ELECT 1.00 1.00 X 0 0 0 JULIE B SAMORA MD BOS SECRETARY 1.00 1.00 X 0 0 0 MONICA M PAYARES MD MEMBER AT LARGE 1.00 1.00 X 0 0 0 SEAN TABAIE MD MEMBER AT LARGE 1.00 1.00 X 0 0 0 EVALINA BURGER MD MEMBER AT LARGE 1.00 1.00 X 0 0 0 JOHN T GILL MD MEMBER AT LARGE 1.00 1.00 X 0 0 0 LISA N MASTERS LAY MEMBER 1.00 1.00 X 0 0 0 LILLY MARKS LAY MEMBER 1.00 1.00 X 0 0 0 THOMAS E AREND JR CHIEF EXECUTIVE OFFICER 40.00 40.00 X 966506 0 70510 KONSTANTINOS T DAMALAS CHIEF OPERATING OFFICER 30.00 30.00 X 541175 0 70510 ANNA SALT TROISE CHIEF COMMERICAL OFFICER 40.00 40.00 X 458389 0 64560 NATHAN T GLUSENKAMP CHIEF QUALITY & REGISTRIES 45.00 5.00 X 407033 0 70510 LAURA F ABRAHAMS CHIEF HUMAN RESOURCE OFFICER 45.00 5.00 X 291381 0 62958 MELISSA A YOUNG GENERAL COUNSEL 30.00 30.00 X 374178 0 70510 BENJAMIN HARKINSON COMMERCIAL SOLUTIONS DIRECTOR 40.00 10.00 X 274220 0 62615 ANTHONY PRIORE CHIEF MARKETING AND COMMUNICATIONS OFFICER 30.00 30.00 X 264655 0 54892 MARY L SHOAF ASSOC GOVERNANCE DIRECTOR 5.00 45.00 X 228675 0 30211 HANS J KOELSCH PUBLICATIONS DIRECTOR 40.00 10.00 X 256920 0 54278 DONNA J MALERT CHIEF GOVERNANCE DIRECTOR 45.00 5.00 X 231366 0 47590 TODD R APPLEBAUM STRATEGIC PLANNING & PERFORMANCE MGMT DIRECTOR 45.00 5.00 X 228179 0 57125 RACHEL M BOWERS FINANCE DIRECTOR 30.00 30.00 X 278720 0 60936 SCOTT LIVINGSTON CHIEF INFORMATION OFFICER 30.00 30.00 X 231619 0 52652 JAYSON N MURRAY CLINICAL QUALITY AND VALUE DIRECTOR 45.00 5.00 X 202474 0 19309 REAGAN L BAYER REGISTRIES OPERATIONS DIRECTOR 45.00 5.00 X 204457 0 49653 BRIAN N MOORE LEARNING & PRACTICE DIRECTOR 50.00 1.00 X 210913 0 55526 LISE PUCKORIUS OLC OLC CHIEF EXECUTIVE OFFICER 0.50 40.00 X 274877 0 56500 LANE S COMPTON PROJECT MANAGEMENT OFFICE DIRECTOR 50.00 1.00 X 195120 0 54086 PAUL ZEMAITIS LIVE EVENTS DIRECTOR 50.00 1.00 X 198296 0 55065 CATHERINE A BOUDREAUX HAYES ASSOC SENIOR GOVERNMENT RELATION 5.00 45.00 X 299068 0 56071 MEGAN DRUMM MARKETING DIRECTOR 5.00 45.00 X 180886 0 16587 SHOBHA RAVIKUMAR SR ENGINEERING DIRECTOR 50.00 1.00 X 241860 0 58930 SCOTT HASKINS IT OPERATIONS & SUPPORT DIRECTOR 30.00 30.00 X 236406 0 51072 REBECCA BONDS DATA MANAGEMENT & BI DIRECTOR 50.00 1.00 X 185960 0 29256 GRAHAM H NEWSON RETIRED GOVERNMENT RELATIONS VP 5.00 45.00 X 152004 0 0 7923933 0 1331912 105 1 1 0 ICE MILLER PO BOX 68 INDIANAPOLIS IN 46206 LEGAL SERVICES 420039 SILVERCHAIR SCIENCE AND COMMUNICATION 316 E MAIN ST STE 300 CHARLOTTESVILLE VA 22902 SOFTWARE CONSULTANT 258043 TURNOUT NOW LLC 1390 COLUMBIA AVE STE 212 LANCASTER PA 17603 EVENTS MANAGEMENT 229959 AMP LLC 14736 BELL TOWER RD WOODBRIDGE VA 22193 CONSULTING 180428 RED FOUNDRY 1608 S ASHLAND AVE CHICAGO IL 60608 MOBILE APP DEVELOPER 175052 12 20563131 822330 21385461 ANNUAL MEETING 541900 15015776 14559531 456245 REGISTRIES 541900 6930032 6930032 PUBLICATIONS AND OTHER 541900 2405888 1888983 516905 COURSE EDUCATION 541900 1742016 1742016 RENTAL INCOME FROM ORTHOPAEDIC SO 541900 883795 883795 26977507 3406396 3406396 6858716 701828 6156888 33377962 33973919 -595957 -595957 -595957 4370471 8835208 -4464737 -4464737 53567386 20655825 1674978 9851122 513363 513363 20000 20000 9693509 4552573 5140936 10273407 6310935 3829860 132612 1775859 1440984 334875 3136259 2487071 649188 1529687 911934 607608 10145 462298 368070 94228 111472 111472 337374 337374 3536352 2570725 965627 455242 455242 458030 332383 125647 1551410 1271485 279925 2780761 1809901 970860 1395428 846695 548733 7341722 6926280 415442 4847795 4083867 763928 639871 402369 237502 305713 305713 51165552 35303877 15718918 142757 11715258 9827926 111500 31000 4801856 4492667 4191871 5206487 36832659 21451179 15004174 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1500000 14936762 14936762 400000 400000 5885301 4184598 1700703 30547358 17266581 13280777 15381480 INVESTMENT IN ORTHO PROPERTIES, LLC 18429973 C INVESTMENT IN LINEAGE MEDICAL 250000 C INVESTMENT IN BLACKSTONE RE INCOME FUND I 1284333 F INVESTMENT IN PRIVATE EQUITY MANAGERS 3951375 F INVESTMENT IN JLL INCOME 1014255 F INVESTMENT IN VINTAGE VII OFFSHORE 1539404 F INVESTMENT IN ICAP 606996 F INVESTMENT IN BREIT 1119392 F INVESTMENT IN APOLLO X OFFSHORE FEEDER 161754 F INVESTMENT IN HCF VI ACCESS FUND 933891 F INVESTMENT IN NHEE IX OFFSHORE FEEDER 643589 F 29934962 DUE FROM OPLLC 482324 RIGHT OF USE ASSET 17080724 17563048 LEASE LIABILITY 19904076 DUE TO ASSOCIATION 27712 19931788 X PART V, LINE 4: DURING THE YEAR ENDED DECEMBER 31, 2020, THE BOARD PASSED A RESOLUTION TO DISSOLVE THE ACADEMY RESTRICTED FUND, ASSOCIATION RESTRICTED FUND, AND THE DEBT REPAYMENT FUND. THE FUNDS WERE TRANSFERRED INTO THE PERMANENT FUND. PART X, LINE 2: THE ACADEMY'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 HAS 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, 2024. THE ACADEMY WOULD ACCOUNT FOR ANY POTENTIAL INTEREST OR PENALTIES RELATED TO POSSIBLE FUTURE LIABILITIES FOR UNRECOGNIZED INCOME TAX BENEFITS AS INCOME TAX EXPENSE. 1 ORTHOPAEDIC RESEARCH SOCIETY 9400 W HIGGINS RD ROSEMONT IL 60018 363180285 501(C)(3) 30000 0 GENERAL SUPPORT ORTHOPAEDIC RESEARCH AND EDUCATION FOUNDATION 9400 W HIGGINS RD ROSEMONT IL 60018 366009467 501(C)(3) 50000 0 GENERAL SUPPORT NTH DIMENSIONSOPM EDUCATION 53 W JACKSON ST STE 1734 CHICAGO IL 60604 272884718 501(C)(3) 45440 0 GENERAL SUPPORT THE PERRY INITIATIVE 130 ACADEMY ST SPENCER LAB RM 126 NEWARK DE 19716 273728166 501(C)(3) 30000 0 GENERAL SUPPORT RUTH JACKSON ORTHOPAEDIC SOCIETY 330 W 38TH ST STE 1105 NEW YORK NY 10018 521398991 501(C)(3) 31572 0 GENERAL SUPPORT WAKE FOREST UNIVERSITY HEALTH SCIENCES MEDICAL CENTER BOULEVARD WINSTONSALEM NC 27157 223849199 C-CORP 10000 0 GENERAL SUPPORT SINAI HEALTH SYSTEMS 600 UNIVERSITY AVE TORONTO CA 980648754 100000 0 GENERAL SUPPORT UNIVERSITY OF MN FOUNDATION 200 OAK ST SE STE 500 MINNEAPOLIS MN 554552010 416042488 501(C)(3) 25000 0 GENERAL SUPPORT ARTHROSCOPY ASSOCIATION OF NORTH AMERICA 9400 W HIGGINS RD ROSEMONT IL 60018 262136165 501(C)(3) 25000 0 GENERAL SUPPORT TEXAS ORTHOPAEDIC ASSOCIATION 1415 S ARDMORE AVE PO BOX 5797 VILLA PARK IL 60148 452488115 501(C)(3) 21728 0 GENERAL SUPPORT UNIVERSITY OF ALABAMA AT BIRMINGHAM 801 5TH AVE S RM 251 BIRMINGHAM AL 35233 636005396 501(C)(3) 17500 0 GENERAL SUPPORT PRIDE ORTHOPAEDICS INC 114 FORREST ST STE 2C BROOKLYN NY 11206 874041056 501(C)(3) 24900 0 GENERAL SUPPORT UNIVERSITY OF MIAMI PO BOX 248106 CONTROLLERS OFFICE CORAL GABLES FL 331242912 590624458 501(C)(3) 14000 0 GENERAL SUPPORT MEDICAL STUDENT ORTHOPEDIC SOCIETY 14323 CARTWRIGHT WAY NORHT POTOMAC MD 20878 883129429 501(C)(3) 12600 0 GENERAL SUPPORT PEACHTREE ORTHOPAEDIC CLINIC FOUNDATIONS INC 2001 PEACHTREE RD NE STE 705 ATLANTA GA 30309 205751844 501(C)(3) 12500 0 GENERAL SUPPORT UNIVERSITY OF MISSOURI 601 TURNER AVE GARAGE RM 201 COLUMBIA MO 652110001 436003859 501(C)(3) 10000 0 GENERAL SUPPORT CEDARS SINAI MEDICAL CENTER 8700 BEVERLY BLVD LOS ANGELES CA 90048 951644600 C-CORP 10000 0 GENERAL SUPPORT NEW MEXICO ORTHOPAEDIC ASSOCIATION 316 OSUNA ROAD NE ALBUQUERQUE NM 871075950 850329209 501(C)(6) 8000 0 GENERAL SUPPORT 15 4 GENERAL SUPPORT - IDEA GRANT 1 5000 GENERAL SUPPORT - WILLIAM TIPTON LEADERSHIP AWARD 1 5000 GENERAL SUPPORT - HUMANITARIAN AWARD 1 5000 GENERAL SUPPORT - DIVERSITY AWARD 1 5000 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 0 0 X X X 0 0 0 0 0 0 0 0 0 THOMAS E AREND JR CHIEF EXECUTIVE OFFICER 807029 0 156705 0 2772 0 34500 0 36010 0 1037016 0 0 0 KONSTANTINOS T DAMALAS CHIEF OPERATING OFFICER 501275 0 38934 0 966 0 34500 0 36010 0 611685 0 0 0 ANNA SALT TROISE CHIEF COMMERICAL OFFICER 424767 0 32992 0 630 0 34500 0 30060 0 522949 0 0 0 NATHAN T GLUSENKAMP CHIEF QUALITY & REGISTRIES 377308 0 29305 0 420 0 34500 0 36010 0 477543 0 0 0 MELISSA A YOUNG GENERAL COUNSEL 361833 0 10539 0 1806 0 34500 0 36010 0 444688 0 0 0 CATHERINE A BOUDREAUX HAYES ASSOC SENIOR GOVERNMENT RELATION 284278 0 14417 0 373 0 18561 0 37510 0 355139 0 0 0 LAURA F ABRAHAMS CHIEF HUMAN RESOURCE OFFICER 269484 0 20931 0 966 0 26948 0 36010 0 354339 0 0 0 RACHEL M BOWERS FINANCE DIRECTOR 249260 0 29040 0 420 0 24926 0 36010 0 339656 0 0 0 BENJAMIN HARKINSON COMMERCIAL SOLUTIONS DIRECTOR 266051 0 7749 0 420 0 26605 0 36010 0 336835 0 0 0 LISE PUCKORIUS OLC OLC CHIEF EXECUTIVE OFFICER 264404 0 7701 0 2772 0 26440 0 30060 0 331377 0 0 0 ANTHONY PRIORE CHIEF MARKETING AND COMMUNICATIONS O 248316 0 13139 0 3200 0 24832 0 30060 0 319547 0 0 0 HANS J KOELSCH PUBLICATIONS DIRECTOR 242181 0 9405 0 5334 0 24218 0 30060 0 311198 0 0 0 SHOBHA RAVIKUMAR SR ENGINEERING DIRECTOR 229201 0 12239 0 420 0 22920 0 36010 0 300790 0 0 0 SCOTT HASKINS IT OPERATIONS & SUPPORT DIRECTOR 210120 0 24480 0 1806 0 21012 0 30060 0 287478 0 0 0 TODD R APPLEBAUM STRATEGIC PLANNING & PERFORMANCE MGM 211149 0 16400 0 630 0 21115 0 36010 0 285304 0 0 0 SCOTT LIVINGSTON CHIEF INFORMATION OFFICER 220974 0 9800 0 845 0 19643 0 33009 0 284271 0 0 0 DONNA J MALERT CHIEF GOVERNANCE DIRECTOR 206643 0 6019 0 18704 0 20664 0 26926 0 278956 0 0 0 BRIAN N MOORE LEARNING & PRACTICE DIRECTOR 195163 0 15158 0 592 0 19516 0 36010 0 266439 0 0 0 MARY L SHOAF ASSOC GOVERNANCE DIRECTOR 227396 0 0 0 1279 0 22125 0 8086 0 258886 0 0 0 REAGAN L BAYER REGISTRIES OPERATIONS DIRECTOR 195934 0 7609 0 914 0 19593 0 30060 0 254110 0 0 0 PAUL ZEMAITIS LIVE EVENTS DIRECTOR 190550 0 7400 0 346 0 19055 0 36010 0 253361 0 0 0 LANE S COMPTON PROJECT MANAGEMENT OFFICE DIRECTOR 180756 0 14039 0 325 0 18076 0 36010 0 249206 0 0 0 JAYSON N MURRAY CLINICAL QUALITY AND VALUE DIRECTOR 193086 0 7498 0 1890 0 19309 0 0 0 221783 0 0 0 REBECCA BONDS DATA MANAGEMENT & BI DIRECTOR 178412 0 5196 0 2352 0 17841 0 11415 0 215216 0 0 0 MEGAN DRUMM MARKETING DIRECTOR 165871 0 13270 0 1745 0 16587 0 0 0 197473 0 0 0 GRAHAM H NEWSON RETIRED GOVERNMENT RELATIONS VP 152004 0 0 0 0 0 0 0 0 0 152004 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 AS A MEMBERSHIP ASSOCIATION, THE ORGANIZATION CURRENTLY HAS 41,051 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 11B 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 THE CEO. AN EVALUATION PROCESS IS COMPLETED ANNUALLY AND A RECOMMENDATION IS MADE REGARDING COMPENSATION THAT IS SENT TO THE BOARD FOR APPROVAL. FOR OTHER OFFICERS, 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: INVESTMENT IN OPLLC GAIN 728,772. 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, SECOND 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 ORTHOPAEDIC LEARNING CENTER 9400 W HIGGINS ROAD ROSEMONT IL 60018 363999836 PROVIDING FACILITIES, EQUIPMENT, AND SEMINARS TO PHYSICIANS AND STUDENTS IL 501(C)(3) N/A 0 ORTHO PROPERTIES LLC 9400 W HIGGINS ROAD ROSEMONT IL 60018 320402949 RENTAL IL AMERICAN ACADEMY OF ORTHOPAEDIC SURGEONS RELATED 0 1 0.88570 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 AMERICAN ASSOCIATION OF ORTHOPAEDIC SURGEONS C 20563131 COST