Civic Intelligence

The Hip Society

EIN 23-7348162 • 501(c)3 • Schaumburg, IL

Profile

To advance knowledge of hip disorders, promote evidence-based treatment, and refine surgery of the hip in order to improve the lives of patients.

1515 East Woodfield Road 345Schaumburg, IL 60173

www.hipsoc.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

32nd percentile

0.04x

Higher debt load relative to assets than 32% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

61st percentile

0.26x

Higher debt load relative to revenue than 61% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Net Margin

75th percentile

22%

Higher net margin than 75% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

71st percentile

$187,914

Higher top officer pay than 71% of similar nonprofits.

Top officer pay equals 17.2% of source-year revenue.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Asset Growth

70th percentile

12%

Faster asset growth than 70% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Revenue Growth

61st percentile

13%

Faster revenue growth than 61% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets32nd percentile

Assets

Up

$7,561,858

Up $810,255 (+12%) from 2023

Liabilities

Up

$279,969

Up $69,692 (+33%) from 2023

Net Assets

Up

$7,281,889

Up $740,563 (+11%) from 2023

Operations
Liabilities / Revenue61st percentileNet Margin75th percentile

Revenue

Up

$1,090,270

Up $128,204 (+13%) from 2023

Expenses

Down

$852,982

Down $24,460 (-2.8%) from 2023

Net Income

Up

$237,288

Up $152,664 (+180%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth70th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$8.0M$6.0M$4.0M$2.0M$0Assets 2010: $1,004,413Liabilities 2010: $78,766Net Assets 2010: $925,6472010Assets 2011: $1,087,506Liabilities 2011: $77,678Net Assets 2011: $1,009,8282011Assets 2012: $2,134,922Liabilities 2012: $82,312Net Assets 2012: $2,052,6102012Assets 2013: $2,927,312Liabilities 2013: $72,609Net Assets 2013: $2,854,7032013Assets 2014: $3,444,966Liabilities 2014: $89,541Net Assets 2014: $3,355,4252014Assets 2015: $3,845,723Liabilities 2015: $106,455Net Assets 2015: $3,739,2682015Assets 2016: $4,446,127Liabilities 2016: $75,807Net Assets 2016: $4,370,3202016Assets 2017: $4,930,415Liabilities 2017: $262,599Net Assets 2017: $4,667,8162017Assets 2018: $4,780,303Liabilities 2018: $307,312Net Assets 2018: $4,472,9912018Assets 2019: $5,568,414Liabilities 2019: $326,414Net Assets 2019: $5,242,0002019Assets 2020: $5,815,622Liabilities 2020: $29,262Net Assets 2020: $5,786,3602020Assets 2021: $6,786,743Liabilities 2021: $275,001Net Assets 2021: $6,511,7422021Assets 2022: $6,247,099Liabilities 2022: $338,743Net Assets 2022: $5,908,3562022Assets 2023: $6,751,603Liabilities 2023: $210,277Net Assets 2023: $6,541,3262023Assets 2024: $7,561,858Liabilities 2024: $279,969Net Assets 2024: $7,281,8892024

Highlighted filing

2024

Assets$7,561,858
Liabilities$279,969
Net Assets$7,281,889
Open 2024 Filing

Operations Trend

Revenue Growth61st percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.5M$1.0M$500K$0-$500KExpenses 2010: $348,3062010Expenses 2011: $287,2482011Expenses 2012: $354,6852012Revenue 2013: $1,008,373Expenses 2013: $490,863Net Income 2013: $517,5102013Revenue 2014: $963,267Expenses 2014: $515,748Net Income 2014: $447,5192014Revenue 2015: $1,076,378Expenses 2015: $573,361Net Income 2015: $503,0172015Revenue 2016: $967,228Expenses 2016: $549,105Net Income 2016: $418,1232016Revenue 2017: $604,883Expenses 2017: $653,034Net Income 2017: -$48,1512017Revenue 2018: $906,349Expenses 2018: $826,224Net Income 2018: $80,1252018Revenue 2019: $1,007,519Expenses 2019: $948,404Net Income 2019: $59,1152019Revenue 2020: $941,638Expenses 2020: $661,932Net Income 2020: $279,7062020Revenue 2021: $702,360Expenses 2021: $734,093Net Income 2021: -$31,7332021Revenue 2022: $1,236,691Expenses 2022: $985,523Net Income 2022: $251,1682022Revenue 2023: $962,066Expenses 2023: $877,442Net Income 2023: $84,6242023Revenue 2024: $1,090,270Expenses 2024: $852,982Net Income 2024: $237,2882024

Highlighted filing

2024

Revenue$1,090,270
Expenses$852,982
Net Income$237,288
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$7,561,858
Liabilities
$279,969
Net assets
$7,281,889
Revenue
$1,090,270
Expenses
$852,982
Net income
$237,288
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$7.56$0.28$7.28$1.09$0.85$0.24
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.75$0.21$6.54$0.96$0.88$0.08
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.25$0.34$5.91$1.24$0.99$0.25
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.79$0.28$6.51$0.70$0.73$0.03
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.82$0.03$5.79$0.94$0.66$0.28
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.57$0.33$5.24$1.01$0.95$0.06
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.78$0.31$4.47$0.91$0.83$0.08
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.93$0.26$4.67$0.60$0.65$0.05
2016Detailed filing. Detailed filing data is available for this year.$4.45$0.08$4.37$0.97$0.55$0.42
2015Detailed filing. Detailed filing data is available for this year.$3.85$0.11$3.74$1.08$0.57$0.50
2014Detailed filing. Detailed filing data is available for this year.$3.44$0.09$3.36$0.96$0.52$0.45
2013Detailed filing. Detailed filing data is available for this year.$2.93$0.07$2.85$1.01$0.49$0.52
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.13$0.08$2.05$0.35
2011XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.09$0.08$1.01$0.29
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.00$0.08$0.93$0.35
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Aug 4, 2025
Return Version
2024v5.2
Gross Receipts
$2,491,119
Mission and Program Overview

Mission

To advance knowledge of hip disorders, promote evidence-based treatment, and refine surgery of the hip in order to improve the lives of patients.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$5,358,934$5,972,946▲ $614,012
Intangible Assets$500,000$500,000→ $0
Cash and Non-Interest-Bearing Accounts$547,197$487,885▼ $59,312
Accounts Receivable$206,969$418,157▲ $211,188
Prepaid Expenses and Deferred Charges$79,266$144,724▲ $65,458
Pledges and Grants Receivable$15,542$3,000▼ $12,542
Total Assets$6,751,603$7,561,858▲ $810,255
Other Assets Total$43,695$35,146▼ $8,549
Liabilities
Deferred Revenue$123,275$182,182▲ $58,907
Accounts Payable and Accrued Expenses$40,250$59,992▲ $19,742
Other Liabilities$46,752$37,795▼ $8,957
Total Liabilities$210,277$279,969▲ $69,692
Net Assets / Fund Balance
Net Assets With Donor Restrictions$4,547,563$4,994,896▲ $447,333
Net Assets Without Donor Restrictions$1,993,763$2,286,993▲ $293,230
Total Net Assets Fund Balance$6,541,326$7,281,889▲ $740,563
Total Liabilities and Net Assets / Fund Balance$6,751,603$7,561,858▲ $810,255

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$286,906-▲ $21,298-$298,204
2023$232,865$24,100▲ $42,441-$286,906
2022$262,333$20,210▼ $49,678-$232,865
2021$239,633-▲ $47,700-$262,333
2020$213,604-▲ $26,029-$239,633
Compensation and Service Providers
Top Officer Pay71st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Olga FoleyExecutive DirectorFT$156,120$31,794$187,914
Jolanta TricroceEducation and Meetings ManagerFT$102,045$29,535$131,580

Board Members and Trustees

NameTitle
Matthew P Abdel MdCommittee Chair
Paul E Beaule MdCommittee Chair
Rafael J Sierra MdCommittee Chair
William M Mihalko MdCommittee Chair
William a Jiranek MdImmediate Past President
Don S Garbuz MdPresident
Steven J Macdonald Md1st Vice President
Mathias Pg Bostrom Md2nd Vice President
Bryan D Springer Md3rd Vice President
Keith R Berend MdMember
Michael P Bolognesi MdSecretary
William Macaulay MdTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$326,793
Program Service Revenue
$521,840
Investment Income
$208,376
Other Revenue
$33,261
All Other Contributions
$129,243
Change in Net Assets
$237,288

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,067,654
Revenue Not Reported on Financial Statements
$22,616
Revenue Not Reported on Form 990
$503,275
Total Revenue per Audited Statements
$1,570,929
Total Revenue per Form 990
$1,090,270
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$540,368
Salaries, Compensation, and Employee Benefits$264,614
Grants and Similar Amounts Paid$48,000
Total Fundraising Expense$62
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Travel$119,802$82-$119,884
Other Salaries and Wages$56,816$62,446-$119,262
Current Officers, Directors, Trustees, and Key Employees$51,711$26,349-$78,060
Payroll Taxes$32,669$26,730-$59,399
Fees for Services Other$12,200$25,272$62$37,534
Foreign Grants$28,000--$28,000
Information Technology$3,882$23,840-$27,722
Fees for Service Investment Mgmnt Fees-$22,616-$22,616
Occupancy-$21,098-$21,098
Other Expenses$27,773$17,626-$17,626
Fees for Services Accounting-$16,861-$16,861
Grants to Domestic Individuals$10,000--$10,000
Grants to Domestic Orgs$10,000--$10,000
All Other Expenses$4,115$5,208-$9,323
Pension Plan Contributions$4,341$3,552-$7,893
Office Expenses$3,461$4,295-$7,756
Insurance-$4,221-$4,221
Advertising$1,902$1,814-$3,716
Fees for Services Legal-$315-$315
Total Functional Expenses$590,461$262,459$62$852,982

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$852,982
Expenses per Audited Statements$830,366
Total Expenses per Audited Statements$830,366
Expenses Not Reported on Financial Statements$22,616
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Sinai Hospital of BaltimoreBaltimore, MD501(c)(3)Research$5,000
The Center for Orthopedic and Research Excellence IncPhoenix, AZN/aResearch$5,000

International Summary

Offices
0
Employees
0
Spending
$0

International Compliance

Foreign grant records maintained
No
Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Lease Liability$37,795
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

“The organization is composed of members, including active, adjunct, senior, senior adjunct, honorary and emeritus members.”

Form 990, Part VI, Section A, Line 7A

“Voting members have the right to elect the board.”

Form 990, Part VI, Section B, Line 11B

“The form 990 is provided to the board of directors for review prior to the filing. Any questions raised as a result of the board review are resolved prior to the filing of the form.”

Form 990, Part VI, Section B, Line 12C

“The disclosures are discussed at the board meetings annually.”

Form 990, Part VI, Section B, Line 15A

“The board reviews and determines the salary of top management officials”

Form 990, Part VI, Section C, Line 19

“The governing documents are made available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
The Hip Society
EIN
23-7348162
Phone
8476981638
Address
1515 EAST WOODFIELD ROAD 345, SCHAUMBURG, IL 60173

Signing Officer

Name
William Macaulay Md
Title
Treasurer
Phone
8476981638
Signed
2025-08-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
William Macaulay Md
Formed
1968
Legal Domicile
Il
Voting Board Members
12
Independent Board Members
12
Employees
0
Volunteers
200

Preparer

Firm
Porte Brown LLC
Address
9014 HERITAGE PARKWAY SUITE 308, WOODRIDGE, IL 60517
Preparer
Megan Angle
Phone
7084291040
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 24E

“Other business expenses: program service expenses 4,115. Management and general expenses 5,208. Fundraising expenses 0. Total expenses 9,323.”

Form 990. Part XII, Line 2C.

“No changes from prior year.”

Financial Statement Notes

PART V, LINE 4:

“RESEARCH AND EDUCATION”

PART X, LINE 2:

“The society has adopted the provision of asc topic 740, income taxes, relating to the accounting for uncertainty in income taxes. The society files information returns in the u.s. Federal jurisdiction, and the state of illinois. Management is not aware of any uncertain tax positions.”

PART V, LINE 4:

“The society's endowment funds are to be held in perpetuity and investment income is to be utilized for the society's mission.”

Raw XML AppendixShowing 400 of 648 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt040250
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt059992
IRS990/AccountsReceivableGrp/BOYAmt0206969
IRS990/AccountsReceivableGrp/EOYAmt0418157
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0TO ADVANCE KNOWLEDGE OF HIP DISORDERS, PROMOTE EVIDENCE-BASED TREATMENT, AND REFINE SURGERY OF THE HIP IN ORDER TO IMPROVE THE LIVES OF PATIENTS.
IRS990/AdvertisingGrp/ManagementAndGeneralAmt01814
IRS990/AdvertisingGrp/ProgramServicesAmt01902
IRS990/AdvertisingGrp/TotalAmt03716
IRS990/AllOtherContributionsAmt0129243
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt05208
IRS990/AllOtherExpensesGrp/ProgramServicesAmt04115
IRS990/AllOtherExpensesGrp/TotalAmt09323
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IRS990/AuditCommitteeInd01
IRS990/BooksInCareOfDetail/PersonNm0OLGA FOLEY
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IRS990/BooksInCareOfDetail/USAddress/CityNm0SCHAUMBURG
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0IL
IRS990/BooksInCareOfDetail/USAddress/ZIPCd060173
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IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
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IRS990/CashNonInterestBearingGrp/EOYAmt0487885
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt026349
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt051711
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt078060
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd01
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0326793
IRS990/CYGrantsAndSimilarPaidAmt048000
IRS990/CYInvestmentIncomeAmt0208376
IRS990/CYOtherExpensesAmt0540368
IRS990/CYOtherRevenueAmt033261
IRS990/CYProgramServiceRevenueAmt0521840
IRS990/CYRevenuesLessExpensesAmt0237288
IRS990/CYSalariesCompEmpBnftPaidAmt0264614
IRS990/CYTotalExpensesAmt0852982
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IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt01090270
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DeferredRevenueGrp/BOYAmt0123275
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IRS990/DelegationOfMgmtDutiesInd00
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IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt025272
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IRS990/FeesForServicesOtherGrp/TotalAmt037534
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IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt022616
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
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IRS990/ForeignGrantsGrp/TotalAmt028000
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
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IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
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IRS990/Form990PartVIISectionAGrp/PersonNm0WILLIAM MACAULAY MD
IRS990/Form990PartVIISectionAGrp/PersonNm1WILLIAM A JIRANEK MD
IRS990/Form990PartVIISectionAGrp/PersonNm2DON S GARBUZ MD
IRS990/Form990PartVIISectionAGrp/PersonNm3BRYAN D SPRINGER MD
IRS990/Form990PartVIISectionAGrp/PersonNm4STEVEN J MACDONALD MD
IRS990/Form990PartVIISectionAGrp/PersonNm5MICHAEL P BOLOGNESI MD
IRS990/Form990PartVIISectionAGrp/PersonNm6MATHIAS PG BOSTROM MD
IRS990/Form990PartVIISectionAGrp/PersonNm7PAUL E BEAULE MD
IRS990/Form990PartVIISectionAGrp/PersonNm8MATTHEW P ABDEL MD
IRS990/Form990PartVIISectionAGrp/PersonNm9WILLIAM M MIHALKO MD
IRS990/Form990PartVIISectionAGrp/PersonNm10KEITH R BEREND MD
IRS990/Form990PartVIISectionAGrp/PersonNm11RAFAEL J SIERRA MD
IRS990/Form990PartVIISectionAGrp/PersonNm12OLGA FOLEY
IRS990/Form990PartVIISectionAGrp/PersonNm13JOLANTA TRICROCE
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IRS990/Form990PartVIISectionAGrp/TitleTxt0TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt1IMMEDIATE PAST PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt33RD VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt41ST VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt5SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt62ND VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt7COMMITTEE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt8COMMITTEE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt9COMMITTEE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt10MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt11COMMITTEE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt12EXECUTIVE DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13EDUCATION AND MEETINGS MANAGER
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IRS990/OtherExpensesGrp/Desc2SOCIAL EVENTS
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IRS990ScheduleA/Total509Grp/TotalAmt04207540
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt01054049

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