American Board Of Orthopaedic Surgery Inc
- Assets
- $57.1m
- Revenue
- $12.8m
- Investments
- $209.4k
- Employees
- 14
- Location
- Chapel Hill, NC
- Founding
- 03/1950
- Data as of
- 12/2023
- EIN
- 36-6000057
Organization Overview
American Board Of Orthopaedic Surgery Inc is located in Chapel Hill, NC. The organization was established in 1950. 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 12/2023, American Board Of Orthopaedic Surgery Inc employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Board Of Orthopaedic Surgery Inc 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 Board Of Orthopaedic Surgery Inc generated $12.8m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.5% each year. All expenses for the organization totaled $11.9m during the year ending 12/2023. While expenses have increased by 5.7% per year over the past 8 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
ENSURE SAFE, ETHICAL & EFFECTIVE PRACTICE OF ORTHOPAEDIC SURGERY THROUGH EDUCATION & EXAMINATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INITIAL CERTIFICATION OF ORTHOPAEDICS: EDUCATIONAL REQUIREMENTS, PEER REVIEW, A WRITTEN EXAMINATION AND AN ORAL EXAMINATION ARE REQUIRED TO BECOME BOARD CERTIFIED. THERE WERE 777 NEW ORTHOPAEDIC SURGEONS CERTIFIED IN THE FISCAL YEAR ENDED IN 2023. CANDIDATES WHO SATISFY THE CERTIFICATION REQUIREMENTS BECOME A DIPLOMATE OF THE ORGANIZATION FOR 10 YEARS. THE ORGANIZATION HAS A TOTAL OF 29,987 DIPLOMATES DURING THE MOST RECENTLY COMPLETED FISCAL YEAR.
SUBSPECIALTY CERTIFICATION: CERTIFICATION OF ORTHOPAEDIC SPORTS MEDICINE AND HAND SUB-SPECIALTY CERTIFICATES AFTER INITIAL CERTIFICATION IS COMPLETE. THERE WERE 91 HAND SUBSPECIALTY CERTIFICATIONS FOR 2023 AND 65 SPORTS SUB-SPECIALTY CERTIFICATES FOR 2023.
RECERTIFICATION EVERY TEN YEARS: EVERY 10 YEARS DIPLOMATES MUST MEET CONTINUING EDUCATIONAL REQUIREMENTS REFERRED TO AS MAINTENANCE OF CERTIFICATION WHICH CONSISTS OF PEER REVIEW, SURGICAL CASE LIST, AND A KNOWLEDGE ASSESSMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David F Martin MD Executive Director | Officer | 35 | $615,936 |
Kathryn Clark Mgr. Finance & Hr | 35 | $139,743 | |
David Shephard It Manager | 35 | $128,290 | |
Denise Frazier Mgr. Cert. & Credentials | 35 | $129,290 | |
Kristin Caba Mgr. Assessment Dev. & Admin. | 35 | $113,099 | |
David Elstein Mgr. Edu. & Comm. | 35 | $112,343 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Web Data Solutions It Consultant | 12/30/23 | $983,447 |
Tressler Llp Legal | 12/30/23 | $132,376 |
Freeman Decorating Co Oral Exam Set Up | 12/30/23 | $130,299 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $10,162,610 |
| Investment income | $981,273 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $15,000 |
| Net Gain/Loss on Asset Sales | $1,661,887 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $12,820,770 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $6,554 |
| 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. | $960,015 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,095,728 |
| Pension plan accruals and contributions | $258,388 |
| Other employee benefits | $345,023 |
| Payroll taxes | $122,295 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $131,082 |
| Fees for services: Accounting | $62,232 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $117,961 |
| Fees for services: Other | $1,840,154 |
| Advertising and promotion | $0 |
| Office expenses | $322,017 |
| Information technology | $918,294 |
| Royalties | $0 |
| Occupancy | $185,016 |
| Travel | $115,688 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,464,362 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $693,590 |
| Insurance | $129,760 |
| All other expenses | $414,556 |
| Total functional expenses | $11,870,986 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,800,010 |
| Savings and temporary cash investments | $4,830,241 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $113,322 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $35,697 |
| Prepaid expenses and deferred charges | $588,580 |
| Net Land, buildings, and equipment | $2,458,207 |
| Investments—publicly traded securities | $46,044,668 |
| Investments—other securities | $209,419 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $57,080,144 |
| Accounts payable and accrued expenses | $2,357,157 |
| Grants payable | $0 |
| Deferred revenue | $4,338,665 |
| 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 | $209,419 |
| Total liabilities | $6,905,241 |
| Net assets without donor restrictions | $50,174,903 |
| Net assets with donor restrictions | $0 |
| 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 | $57,080,144 |
Grants Awarded
Over the last fiscal year, American Board Of Orthopaedic Surgery Inc has awarded $91,400 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
OREF- ORTHO RESEARCH & EDUCATIONAL FOUNDATION PURPOSE: EDUCATION RESEARCH | $26,150 |
BIG BROTHER PURPOSE: MENTORING PROGRAM FOR CHILDREN | $7,670 |
HUMANE PURPOSE: HELP STOP ANIMAL CRUELTY | $7,430 |
PERRY INIT PURPOSE: EDUCATION IN ORTHOPAEDIC CAREERS | $8,150 |
HEALTH V PURPOSE: TRAINING HEALTH PROFESSIONALS | $9,110 |
ST JUDE PURPOSE: RESEARCH CHILDRENS CANCER | $15,110 |