American Association Of Hip & Knee Surgeons
- Assets
- $11.4m
- Revenue
- $9.5m
- Investments
- $467.6k
- Employees
- 11
- Location
- Rosemont, IL
- Founding
- 10/1992
- Data as of
- 12/2023
- EIN
- 36-3832205
Organization Overview
American Association Of Hip & Knee Surgeons is located in Rosemont, IL. The organization was established in 1992. According to its NTEE Classification (G9B) the organization is classified as: Surgical Specialties, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. As of 12/2023, American Association Of Hip & Knee Surgeons employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Association Of Hip & Knee Surgeons is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2023, American Association Of Hip & Knee Surgeons generated $9.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.1% each year. All expenses for the organization totaled $8.7m during the year ending 12/2023. While expenses have increased by 7.2% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, American Association Of Hip & Knee Surgeons has awarded 66 individual grants totaling $1,678,220. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO ADVANCE HIP AND KNEE PATIENT CARE THROUGH EDUCATION, ADVOCACY, RESEARCH AND OUTREACH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ANNUAL MEETING - THE ASSOCIATION CONDUCTS AN ACCREDITED MEDICAL EDUCATION CONFERENCE ATTENDED BY OVER 3,600 SURGEONS AND INDUSTRY PROFESSIONALS, 4,400 LIVE ATTENDEES AND 326 VIRTUAL ATTENDEES FOR THE 2023 HYBRID ANNUAL MEETING. NO INTERNATIONAL GRANTS GIVEN IN 2023. ORIGINAL RESEARCH, SURGICAL TECHNIQUES AND HEALTH POLICY TOPICS ARE PRESENTED. THE PROCEEDINGS OF THE CONFERENCE ARE PUBLISHED IN ONE OF THE ASSOCIATION'S OFFICIAL PUBLICATIONS, JOURNAL OF ARTHROPLASTY. ADDITIONAL ACCREDITED CONTINUING MEDICAL EDUCATION ACTIVITIES WERE CONDUCTED.
HEALTH POLICY ACTIVITIES - FEDERAL POLICY MAKERS IN CONGRESS AND THE EXECUTIVE DEPARTMENTS AND AGENCIES WERE PROVIDED INFORMATION AND ANALYSIS ABOUT TOTAL JOINT ARTHROPLASTY OVER THE COURSE OF THE YEAR. THIS ASSISTS THE GOVERNMENT IN MAKING BETTER DECISIONS ON HEALTHCARE RELATED MATTERS THAT AFFECT MILLIONS OF PATIENTS. THE ASSOCIATION ALSO ORGANIZES AND SUPPORTS A HEALTH POLICY FELLOWS PROGRAM THAT ALLOWED SEVERAL SURGEON-MEMBERS TO ATTEND VARIOUS EVENTS IN WASHINGTON DC AND ELSEWHERE RELATED TO HEALTH POLICY AND TO INTERACT WITH HIGH-LEVEL FEDERAL OFFICIALS AND LEGISLATORS. THE HEALTH POLICY FELLOWSHIP ALLOWS THE PARTICIPANTS TO BECOME MORE EFFECTIVE AT UNDERSTANDING AND ASSISTING THE PROCESS BY WHICH POLICY BECOMES LAW AND REGULATION.
RESEARCH - THE ASSOCIATION PRODUCES TWO PEER-REVIEWED MEDICAL JOURNALS, THE JOURNAL OF ARTHROPLASTY AND ARTHROPLASTY TODAY. THESE JOURNALS CONVEY THE RESULTS OF RESEARCH THAT CAN ALTER AND IMPROVE THE PRACTICE OF TOTAL JOINT ARTHROPLASTY. THE ASSOCIATION'S RESEARCH COMMITTEE ALSO CONDUCTED THE EVALUATION OF GRANT APPLICATIONS SUBMITTED FOR FUNDING TO THE RELATED FOUNDATION FOR ARTHROPLASTY RESEARCH AND EDUCATION. FELLOWSHIP GRANT RECIPIENTS MUST HAVE A CURRENT PROGRAM AGREEMENT WITH AAHKS AND SF MATCH ACCOUNT. RECEIPT OF FUNDS REQUIRES COMPLETION OF A FELLOWSHIP MATCH PROGRAM DIRECTOR AND COORDINATOR SURVEY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Springer Bryan D President/past President | Trustee | 2 | $0 |
Iorio Richard Past President | Trustee | 2 | $0 |
Huddleston James I First Vp/second VP | OfficerTrustee | 2 | $0 |
Chen Antonia F Third VP | Trustee | 2 | $0 |
Browne James A Treasurer | OfficerTrustee | 2 | $20,000 |
Manning David W Member-At-Large | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
One Smooth Stone - Pra Audio Visual | 12/30/23 | $759,540 |
Epstein Becker Green Lobbying And Health Policy | 12/30/23 | $442,794 |
Surgical Training Institute Surgical Training | 12/30/23 | $215,901 |
Freeman Trade Show Exhibit And Event | 12/30/23 | $388,842 |
Smithbucklin Professional Management Services | 12/30/23 | $240,202 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,293,738 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,293,738 |
| Total Program Service Revenue | $6,358,788 |
| Investment income | $217,973 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $531,918 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $60,228 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,494,616 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $104,790 |
| Grants and other assistance to domestic individuals. | $14,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $810,315 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $852,727 |
| Pension plan accruals and contributions | $22,580 |
| Other employee benefits | $198,245 |
| Payroll taxes | $106,481 |
| Fees for services: Management | $224,840 |
| Fees for services: Legal | $1,728 |
| Fees for services: Accounting | $83,050 |
| Fees for services: Lobbying | $213,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $39,990 |
| Fees for services: Other | $599,763 |
| Advertising and promotion | $0 |
| Office expenses | $201,412 |
| Information technology | $258,132 |
| Royalties | $0 |
| Occupancy | $123,622 |
| Travel | $330,473 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,765,027 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $24,122 |
| Insurance | $29,180 |
| All other expenses | $246,371 |
| Total functional expenses | $8,701,815 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,484,273 |
| Savings and temporary cash investments | $555,170 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $783,221 |
| 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 | $97,126 |
| Net Land, buildings, and equipment | $59,022 |
| Investments—publicly traded securities | $7,291,427 |
| Investments—other securities | $467,564 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $706,680 |
| Total assets | $11,444,483 |
| Accounts payable and accrued expenses | $293,564 |
| Grants payable | $0 |
| Deferred revenue | $849,003 |
| 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 | $730,754 |
| Total liabilities | $1,873,321 |
| Net assets without donor restrictions | $8,643,662 |
| Net assets with donor restrictions | $927,500 |
| 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 | $11,444,483 |
Grants Awarded
Over the last fiscal year, American Association Of Hip & Knee Surgeons has awarded $100,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
THE KNEE SOCIETY PURPOSE: PUBLICATION OF MEETING PROCEEDINGS | $50,000 |
THE HIP SOCIETY PURPOSE: PUBLICATION OF MEETING PROCEEDINGS | $50,000 |