Association Of Bone & Joint Surgeons
- Assets
- $37.3m
- Revenue
- $4.4m
- Investments
- $0.0
- Employees
- 9
- Location
- Schaumburg, IL
- Founding
- 11/1951
- Data as of
- 12/2023
- EIN
- 42-0848331
Organization Overview
Association Of Bone & Joint Surgeons is located in Schaumburg, IL. The organization was established in 1951. As of 12/2023, Association Of Bone & Joint Surgeons employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Association Of Bone & Joint 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 12/2023, Association Of Bone & Joint Surgeons generated $4.4m in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (0.5%) each year. All expenses for the organization totaled $3.4m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Association Of Bone & Joint Surgeons has awarded 19 individual grants totaling $500,576. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE ASSOCIATION OF BONE AND JOINT SURGEONS (THE ASSOCIATION) IS A NONPROFIT CORPORATION, ORGANIZED TO EXCHANGE INFORMATION, STIMULATE DEVELOPMENT AND ADVANCEMENT OF ORTHOPAEDIC SURGERY, TRAIN LEADERS, SPONSOR AND CONTRIBUTE TO THE SCIENTIFIC ASPECTS OF, AND CLINICAL RESEARCH IN, ORTHOPAEDIC SURGERY, AND SPONSOR PUBLICATION OF THE SCIENTIFIC JOURNAL, CLINICAL ORTHOPAEDICS AND RELATED RESEARCH (CORR).
Describe the Organization's Program Activity:
THE ORGANIZATION PUBLISHES THE MEDICAL JOURNAL "CLINICAL ORTHOPAEDICS AND RELATED RESEARCH" TO DISSEMINATE ORTHOPAEDIC KNOWLEDGE TO PROFESSIONALS IN THE FIELD OF ORTHOPAEDIC SURGERY.
VARIOUS RESEARCH AWARDS TO ORTHOPAEDIC PROFESSIONALS.
EDUCATIONAL/SCIENTIFIC MEETINGS AND WORKSHOPS TO DISSEMINATE CURRENT RESEARCH FINDINGS IN VARIOUS AREAS OF ORTHOPAEDIC SURGERY TO PROFESSIONALS IN THE FIELD.
CORRELATIONS IS A SUBSCRIPTION E-NEWSLETTER WHERE EVERY WEEK SUBSCRIBERS RECEIVE TIMELY, PRACTICAL INSIGHTS DRAWN FROM THE BEST-AVAILABLE EVIDENCE, SUGGESTIONS FROM EXPERTS IN HEALTH FINANCE AND HEALTHCARE POLICY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William B Macaulay MD Past President | OfficerTrustee | 1 | $0 |
Pablo Castaneda MD Secretary - Elect | OfficerTrustee | 1 | $0 |
Guido Marra MD Immediate Past President | OfficerTrustee | 1 | $0 |
Matthew B Dobbs MD President | OfficerTrustee | 1 | $59,583 |
Brian A Jewett MD Treasurer | OfficerTrustee | 1 | $0 |
Xavier A Duralde MD Chairman - Corr | OfficerTrustee | 1 | $5,000 |
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 | $34,670 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $34,670 |
| Total Program Service Revenue | $3,240,164 |
| Investment income | $761,928 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $372,420 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,409,182 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $33,392 |
| Grants and other assistance to domestic individuals. | $10,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $217,980 |
| Compensation of current officers, directors, key employees. | $109,491 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $616,656 |
| Pension plan accruals and contributions | $23,226 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $19,402 |
| Fees for services: Accounting | $48,942 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $132,181 |
| Fees for services: Other | $1,540,652 |
| Advertising and promotion | $148,419 |
| Office expenses | $31,720 |
| Information technology | $43,792 |
| Royalties | $0 |
| Occupancy | $35,048 |
| Travel | $19,541 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $439,718 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,831 |
| Insurance | $51,288 |
| All other expenses | $0 |
| Total functional expenses | $3,448,969 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $168,769 |
| Savings and temporary cash investments | $1,177,387 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,670 |
| 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 | $201,899 |
| Net Land, buildings, and equipment | $8,279 |
| Investments—publicly traded securities | $35,688,749 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $18,577 |
| Total assets | $37,269,330 |
| Accounts payable and accrued expenses | $303,192 |
| Grants payable | $0 |
| Deferred revenue | $200,000 |
| 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 | $18,703 |
| Total liabilities | $521,895 |
| Net assets without donor restrictions | $35,401,874 |
| Net assets with donor restrictions | $1,345,561 |
| 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 | $37,269,330 |
Grants Awarded
Over the last fiscal year, Association Of Bone & Joint Surgeons has awarded $32,096 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
THE HIP SOCIETY PURPOSE: EDUCATION | $10,699 |
THE KNEE SOCIETY PURPOSE: EDUCATION | $10,699 |
MUSCULOSKELETAL TUMOR SOCIETY PURPOSE: EDUCATION | $10,698 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Orthopaedic Society For Sports Medicine Rosemont, IL | $21,900,137 | $9,235,602 |
American Orthopaedic Association Rosemont, IL | $16,935,289 | $4,357,489 |
Association Of Bone & Joint Surgeons Schaumburg, IL | $37,269,330 | $4,409,182 |
American Sports Medicine Institute Inc St Louis, MO | $263,182 | $3,485,270 |
American Osteopathic Academy Of Orthopedics Richmond, VA | $5,509,476 | $2,851,906 |