American Academy Of Orthopedic Surgeons
- Assets
- $161.2m
- Revenue
- $86.9m
- Investments
- $19.6m
- Employees
- 269
- Location
- Rosemont, IL
- Founding
- 04/1949
- Data as of
- 12/2020
- 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 12/2021, American Academy Of Orthopedic Surgeons employed 269 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 12/2020, American Academy Of Orthopedic Surgeons generated $86.9m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 10.1% each year . All expenses for the organization totaled $40.7m during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, American Academy Of Orthopedic Surgeons has awarded 69 individual grants totaling $5,015,830. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
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:
Part 3 - Line 4a
ANNUAL MEETING - PRESENTATION OF LECTURES AND SYMPOSIA ON ORTHOPAEDIC SURGERY AND RELATED TOPICS.
COURSE EDUCATION - COURSES PROVIDED TO ORTHOPAEDIC PROFESSIONALS TO KEEP THEM ABREAST OF THE LATEST ADVANCES IN ORTHOPAEDIC SURGERY AND CARE AND TO PROVIDE CME. 19 COURSES OFFERED IN 2021.
SPECIALTY SOCIETY MANAGEMENT - PROVIDE MEETING MANAGEMENT SERVICES FOR ORTHOPAEDIC SPECIALTY SOCIETIES AND PROMOTE ORTHOPAEDIC UNITY AMONG 5 SPECIALTY SOCIETIES.
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 |
|---|---|---|---|
Thomas E Arend Jr Chief Executive Officer | Officer | 40 | $875,897 |
Konstantinos T Damalas Chief Operating Officer | Officer | 30 | $501,656 |
Anna Salt Troise Chief Commerical Officer | Officer | 40 | $405,360 |
Nathan T Glusenkamp Chief Quality & Registries | Officer | 45 | $357,804 |
Melissa A Young General Counsel | Officer | 30 | $327,636 |
Graham H Newson Government Relations Direc | Officer | 5 | $276,077 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Internet Testing Systems Software Consultant | 12/30/21 | $190,991 |
Sheehe & Associates Legal Services | 12/30/21 | $318,137 |
Silverchair Science & Communications Ll Software Consultant | 12/30/21 | $620,747 |
Rightpoint Consulting Software Consultant | 12/30/21 | $233,360 |
Ice Miller Legal Services | 12/30/21 | $655,581 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $43,199,858 |
| Government grants | $360,003 |
| All other contributions, gifts, grants, and similar amounts not included above | $372,772 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $43,932,633 |
| Total Program Service Revenue | $25,010,123 |
| Investment income | $1,912,118 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $5,474,866 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $13,989,881 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$3,376,002 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $86,943,619 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,102,298 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $66,648 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $5,945,081 |
| Compensation of current officers, directors, key employees. | $3,663,401 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $16,617,952 |
| Pension plan accruals and contributions | $1,493,060 |
| Other employee benefits | $1,872,818 |
| Payroll taxes | $1,481,800 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $207,191 |
| Fees for services: Accounting | $103,933 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $243,253 |
| Fees for services: Other | $2,430,787 |
| Advertising and promotion | $163,325 |
| Office expenses | $294,581 |
| Information technology | $1,570,567 |
| Royalties | $0 |
| Occupancy | $3,819,176 |
| Travel | $313,312 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $165,314 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,124,079 |
| Insurance | $386,918 |
| All other expenses | $333,005 |
| Total functional expenses | $40,735,098 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $10,129,307 |
| Pledges and grants receivable | $2,265,941 |
| Accounts receivable, net | $9,902,978 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $8,713 |
| Prepaid expenses and deferred charges | $3,365,589 |
| Net Land, buildings, and equipment | $9,706,357 |
| Investments—publicly traded securities | $106,027,117 |
| Investments—other securities | $19,579,286 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $180,784 |
| Total assets | $161,166,072 |
| Accounts payable and accrued expenses | $9,533,447 |
| Grants payable | $0 |
| Deferred revenue | $6,944,325 |
| 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 | $0 |
| Total liabilities | $16,477,772 |
| Net assets without donor restrictions | $143,944,745 |
| Net assets with donor restrictions | $743,555 |
| 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 | $161,166,072 |
Grants Awarded
Over the last fiscal year, American Academy Of Orthopedic Surgeons has awarded $145,993 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
Rosemont, IL PURPOSE: GENERAL SUPPORT | $50,000 |
Rosemont, IL PURPOSE: GENERAL SUPPORT | $33,000 |
Lombard, IL PURPOSE: GENERAL SUPPORT | $31,493 |
Rosemont, IL PURPOSE: GENERAL SUPPORT | $24,000 |
Midwest City, OK PURPOSE: GENERAL SUPPORT | $7,500 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that American Academy Of Orthopedic Surgeons has recieved totaling $13,648,730.
| Awarding Organization | Amount |
|---|---|
American Association Of Orthopaedic Surgeons Of America Rosemont, IL PURPOSE: GENERAL SUPPORT | $13,451,766 |
Mayo Clinic Rochester, MN PURPOSE: SUPPORT CHARITABLE PROGRAMS | $116,929 |
American Orthopaedic Foot & Ankle Society Rosemont, IL PURPOSE: HEALTH POLICY GRANT | $25,000 |
American Medical Association Chicago, IL PURPOSE: SCOPE OF PRACTICE GRANT | $20,000 |
Aircast Foundation Inc Naples, FL PURPOSE: ORTHOPAEDIC RESEARCH | $20,000 |
Scoliosis Research Society Milwaukee, WI PURPOSE: BOARD OF SPECIALTY SOCIETIES SUPPORT | $15,000 |
Endowment Analysis
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Radiological Society Of North America Inc Oak Brook, IL | $185,391,800 | $68,158,260 |
American Academy Of Orthopedic Surgeons Rosemont, IL | $161,166,072 | $86,943,619 |
American Association Of Oral And Maxillofacial Surgeons Rosemont, IL | $41,206,566 | $22,790,496 |
Parents As Teachers National Center Inc St Louis, MO | $23,159,778 | $18,168,928 |
American Academy Of Sleep Medicine Darien, IL | $108,922,365 | $16,695,981 |
American Society For Surgery Of The Hand Chicago, IL | $41,276,599 | $13,160,683 |
American Association Of Neurosurgeons Inc Rolling Meadows, IL | $41,529,336 | $10,342,533 |
Society Of Surgical Oncology Inc Rosemont, IL | $13,679,092 | $7,112,657 |
American Society Of Neuroradiology Oak Brook, IL | $16,352,538 | $4,175,596 |
American Association Of Neurological Surgeons Inc Rolling Meadows, IL | $10,516,824 | $3,805,612 |
American Board Of Thoracic Surgery Inc Chicago, IL | $24,489,789 | $2,529,487 |
Osler Institute Terre Haute, IN | $19,048,108 | $2,627,815 |