American Academy Of Orthopedic Surgeons
- Assets
- $182.9m
- Revenue
- $39.2m
- Investments
- $27.3m
- Employees
- 251
- Location
- Rosemont, IL
- Founding
- 04/1949
- Data as of
- 12/2022
- EIN
- 36-2110592
Organization Overview
American Academy Of Orthopedic Surgeons is located in Rosemont, IL. The organization was established in 1949. According to its NTEE Classification (G03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. As of 12/2022, American Academy Of Orthopedic Surgeons employed 251 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Academy Of Orthopedic Surgeons is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, American Academy Of Orthopedic Surgeons generated $39.2m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.7%) each year. All expenses for the organization totaled $46.4m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, American Academy Of Orthopedic Surgeons has awarded 84 individual grants totaling $5,806,377. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
SERVING OUR PROFESSIONALS TO PROVIDE THE HIGHEST QUALITY MUSCULOSKELETAL CARE.
Describe the Organization's Program Activity:
ANNUAL MEETING - PRESENTATION OF LECTURES AND SYMPOSIA ON ORTHOPAEDIC SURGERY AND RELATED TOPICS, NUMBER OF ATTENDEES IS 13,987 IN 2022.
COURSE EDUCATION - COURSES PROVIDED TO ORTHOPAEDIC PROFESSIONALS TO KEEP THEM ABREAST OF THE LATEST ADVANCES IN ORTHOPAEDIC SURGERY AND CARE AND TO PROVIDE CME. 20 COURSES OFFERED IN 2022.
OTHER PROGRAM SERVICES - INCLUDING PUBLIC RELATIONS, BOARD OF COUNCILORS, ADVOCACY, EDUCATION PROGRAMS, INTERNATIONAL ACTIVITIES, AND RESEARCH AND SCIENTIFIC AFFAIRS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Felix H Savoie MD President | OfficerTrustee | 7.5 | $106,665 |
Kevin J Bozic MD First Vice-President | OfficerTrustee | 5 | $68,941 |
Paul Tornetta III MD Second Vice-President | OfficerTrustee | 5 | $33,340 |
Daniel K Guy MD Past President | OfficerTrustee | 2.5 | $72,649 |
Michael L Parks MD Treasurer | OfficerTrustee | 1.5 | $0 |
Claudette M Lajam MD Boc Chair | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ice Miller Legal Services | 12/30/22 | $601,864 |
Smg Food And Beverage Catering | 12/30/22 | $438,403 |
Sheehe & Associates Legal Services | 12/30/22 | $345,117 |
Red Foundry Software Development | 12/30/22 | $337,419 |
Surgical Training Institute Mobile Laboratories And Healthcare Resea | 12/30/22 | $274,180 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $14,652,721 |
| Government grants | $10,915 |
| All other contributions, gifts, grants, and similar amounts not included above | $559,461 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $15,223,097 |
| Total Program Service Revenue | $27,396,675 |
| Investment income | $2,268,281 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $5,735,481 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$8,171,391 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$3,273,532 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $39,178,611 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $397,154 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $7,326,045 |
| Compensation of current officers, directors, key employees. | $4,430,802 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $12,367,181 |
| Pension plan accruals and contributions | $1,157,323 |
| Other employee benefits | $1,831,462 |
| Payroll taxes | $1,372,240 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $103,838 |
| Fees for services: Accounting | $92,341 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $312,047 |
| Fees for services: Other | $4,114,978 |
| Advertising and promotion | $372,710 |
| Office expenses | $371,341 |
| Information technology | $1,826,869 |
| Royalties | $0 |
| Occupancy | $3,296,126 |
| Travel | $1,621,124 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,168,218 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,630,121 |
| Insurance | $647,009 |
| All other expenses | $415,087 |
| Total functional expenses | $46,423,214 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $18,501,168 |
| Pledges and grants receivable | $1,563,150 |
| Accounts receivable, net | $3,997,943 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $4,776,356 |
| Net Land, buildings, and equipment | $11,686,497 |
| Investments—publicly traded securities | $91,865,271 |
| Investments—other securities | $27,279,158 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $23,194,635 |
| Total assets | $182,864,178 |
| Accounts payable and accrued expenses | $7,138,843 |
| Grants payable | $0 |
| Deferred revenue | $13,279,157 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $25,736,476 |
| Total liabilities | $46,154,476 |
| Net assets without donor restrictions | $135,687,862 |
| Net assets with donor restrictions | $1,021,840 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $182,864,178 |
Grants Awarded
Over the last fiscal year, American Academy Of Orthopedic Surgeons has awarded $383,000 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
ORTHOPAEDIC RESEARCH SOCIETY PURPOSE: GENERAL SUPPORT | $20,000 |
ORTHOPAEDIC RESEARCH AND EDUCATION FOUNDATION PURPOSE: GENERAL SUPPORT | $50,000 |
AMERICAN ORTHOPAEDIC SOCIETY FOR SPORTS MEDICINE PURPOSE: GENERAL SUPPORT | $33,000 |
INTERNATIONAL CONSENSUS MEETING ON INFECTION PURPOSE: GENERAL SUPPORT | $140,000 |
TRUSTEES OF INDIANA UNIVERSITY PURPOSE: GENERAL SUPPORT | $70,000 |
MCMASTER UNIVERSITY PURPOSE: GENERAL SUPPORT | $40,000 |