Civic Intelligence

American Society for Reconstructive Microsurgery Inc

990 • Fiscal year 2013 • EIN 35-1620863

Jan 01, 2013 to Dec 31, 2013 • Filed on Nov 10, 2014

20 North Michigan Avenue No 70060602

(312) 456-9579

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

69th percentile

0.22x

Higher debt load relative to assets than 69% of similar nonprofits.

2013 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2013

Liabilities / Revenue

79th percentile

0.34x

Higher debt load relative to revenue than 79% of similar nonprofits.

2013 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2013

Net Margin

73rd percentile

16%

Higher net margin than 73% of similar nonprofits.

2013 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2013

Top Officer Pay

49th percentile

$0

Higher top officer pay than 49% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2013 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2013

Asset Growth

71st percentile

12%

Faster asset growth than 71% of similar nonprofits.

2013 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2012 to 2013

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2013

Assets

Up

$977,071

Up $106,822 (+12%) from 2012

Net Assets

Up

$763,641

Up $116,703 (+18%) from 2012

Liabilities

Down

$213,430

Down $9,881 (-4.4%) from 2012

Revenue

$621,111

No earlier filing loaded for comparison.

Expenses

Down

$524,737

Down $25,820 (-4.7%) from 2012

Net Income

$96,374

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$3.0M$2.0M$1.0M$0Assets 2011: $908,552Liabilities 2011: $342,338Net Assets 2011: $566,2142011Assets 2012: $870,249Liabilities 2012: $223,311Net Assets 2012: $646,9382012Assets 2013: $977,071Liabilities 2013: $213,430Net Assets 2013: $763,6412013Assets 2014: $1,123,953Liabilities 2014: $297,604Net Assets 2014: $826,3492014Assets 2015: $1,011,382Liabilities 2015: $26,065Net Assets 2015: $985,3172015Assets 2016: $1,580,860Liabilities 2016: $496,406Net Assets 2016: $1,084,4542016Assets 2017: $1,733,888Liabilities 2017: $466,113Net Assets 2017: $1,267,7752017Assets 2018: $1,408,430Liabilities 2018: $25,169Net Assets 2018: $1,383,2612018Assets 2019: $2,072,834Liabilities 2019: $335,220Net Assets 2019: $1,737,6142019Assets 2020: $2,036,452Liabilities 2020: $35,686Net Assets 2020: $2,000,7662020Assets 2021: $2,385,470Liabilities 2021: $353,506Net Assets 2021: $2,031,9642021Assets 2022: $1,860,883Liabilities 2022: $172,721Net Assets 2022: $1,688,1622022Assets 2023: $2,205,345Liabilities 2023: $317,763Net Assets 2023: $1,887,5822023

Highlighted filing

2013

Assets$977,071
Liabilities$213,430
Net Assets$763,641

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.5M$1.0M$500K$0-$500KExpenses 2011: $477,2822011Expenses 2012: $550,5572012Revenue 2013: $621,111Expenses 2013: $524,737Net Income 2013: $96,3742013Revenue 2014: $665,324Expenses 2014: $607,420Net Income 2014: $57,9042014Revenue 2015: $746,939Expenses 2015: $566,185Net Income 2015: $180,7542015Revenue 2016: $670,422Expenses 2016: $597,930Net Income 2016: $72,4922016Revenue 2017: $775,919Expenses 2017: $704,942Net Income 2017: $70,9772017Revenue 2018: $824,685Expenses 2018: $691,249Net Income 2018: $133,4362018Revenue 2019: $916,198Expenses 2019: $756,467Net Income 2019: $159,7312019Revenue 2020: $825,028Expenses 2020: $741,679Net Income 2020: $83,3492020Revenue 2021: $190,049Expenses 2021: $286,755Net Income 2021: -$96,7062021Revenue 2022: $740,995Expenses 2022: $860,858Net Income 2022: -$119,8632022Revenue 2023: $1,038,207Expenses 2023: $1,040,853Net Income 2023: -$2,6462023

Highlighted filing

2013

Revenue$621,111
Expenses$524,737
Net Income$96,374
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
Nov 10, 2014
Return Version
2013v3.0
Gross Receipts
$621,111
Mission and Program Overview

Mission

To educate members about reconstructive microsurgical methods and principles.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$560,381$664,195▲ $103,814
Prepaid Expenses and Deferred Charges$110,306$217,792▲ $107,486
Savings and Temporary Cash Investments$199,562$95,084▼ $104,478
Total Assets$870,249$977,071▲ $106,822
Liabilities
Deferred Revenue$204,220$193,869▼ $10,351
Accounts Payable and Accrued Expenses$19,091$19,561▲ $470
Total Liabilities$223,311$213,430▼ $9,881
Net Assets / Fund Balance
Unrestricted Net Assets$583,668$620,945▲ $37,277
Temporarily Rstr Net Assets$63,270$142,696▲ $79,426
Total Net Assets Fund Balance$646,938$763,641▲ $116,703
Total Liabilities and Net Assets / Fund Balance$870,249$977,071▲ $106,822
Compensation and Service Providers

Board Members and Trustees

NameTitle
Michael W Neumeister MdImmediate Past President
Joseph Serletti MdPresident
Allen T Bishop MdPresident-elect
Gregory Rd Evans MdVice-president
Krista GrecoExecutive Director
David Song MdHistorian
Matthew Hanasono MdJr. Mem. at Large
Michael Klebuc MdJr. Mem. at Large
David W Chang MdSecretary
Guenter Germann MdSr. Mem. at Large
Joseph Disa MdSr. Mem. at Large
Charles E Butler MdTreasurer
Lawrence J Gottlieb MdTreasurer-elect
Revenue and Support

Revenue Composition

Contributions and Grants
$185,898
Program Service Revenue
$424,197
Investment Income
$10,716
Other Revenue
$300
All Other Contributions
$52,476
Change in Net Assets
$96,374

Audited Revenue Reconciliation

Revenue per Audited Statements
$621,111
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$3,053
Total Revenue per Audited Statements
$624,164
Total Revenue per Form 990
$621,111
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$514,737
Grants and Similar Amounts Paid$10,000
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Conferences and Meetings$301,952$16,731-$318,683
Fees for Services Management$47,943$54,063-$102,006
Office Expenses$11,437$12,896-$24,333
Fees for Services Other-$13,750-$13,750
Grants to Domestic Individuals$10,000--$10,000
Travel$7,280--$7,280
Fees for Services Accounting-$6,400-$6,400
Insurance$1,054$2,352-$3,406
Fees for Services Legal-$3,226-$3,226
Other Expenses$1,480$12,859-$1,480
Total Functional Expenses$381,146$143,591$0$524,737

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$524,737
Total Expenses per Audited Statements$524,737
Total Expenses per Form 990$524,737
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

The organization delegated the management duties to medical association management (mam), a division of the illinois state medical society (isms). Mam provides administrative, board governance, membership, publication and communications, website, financial, microsurgery fellowship match, and annual meeting services to the organization. Krista greco (executive director) is a key employee who was compensated by the management company. The compensation included $40,820.

Form 990, Part VI, Section A, Line 6

The organization has six classes of membership: founding, active, associate, honorary, emeritus and candidate. Active and candidate members are allowed to vote, hold an elected office positions and serve on committees. Emeritus members are allowed to vote and serve on committees, but are not allowed to hold elected office positions. Associate members are allowed to serve on committees, but are not allowed to vote or hold elected office positions. All other classes of members are not eligible to vote, hold an elected office position or serve on committees.

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

The applications of active or associate members are reviewed by the membership committee and candidates are then submitted to the executive council. The committee report, after approval by the executive council, is submitted to the membership for a three-quarter affirmative vote to elect. Honorary members are nominated by the executive council and elected by a three-quarter affirmative vote of the voting members present at annual business meeting. Candidate members are nominated by an active member and endorsed by two active members.

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

The active members approve revisions to the bylaws with a three-fourths affirmative vote by active members present at the annual business meeting.

Form 990, Part VI, Section B, Line 11

A copy of the form 990 is emailed to all members of the board of directors before it is filed. The president and treasurer review form 990 before filing.

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

The organization has a written conflict of interest policy that requires officers to annually disclose interests that could give rise to conflicts. If an actual or potential material conflict of interest occurs, it is imperative the individual invovled resigns from their position. The president and executive director regularly monitor and enforce compliance with this policy.

Form 990, Part VI, Section B, Line 15

Line 15a: the executive director works for a management company hired by the organization; therefore the executive director's compensation is determined by the managment company. However, the organization's board of directors annually approves the contract with the management company. Line 15b: this question is answered no because it does not apply. There are no other compensated officers or key employees.

Form 990, Part VI, Section C, Line 19

The organization does make its bylaws available to the public on its website, but it does not make its conflict of interest policy or financial statements available to the public.

Filing and Contact Details

Filer

EIN
35-1620863
Phone
3124569579

Signing Officer

Name
Allen T Bishop Md
Title
President
Phone
3124569579
Signed
2014-11-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Allen T Bishop Md
Formed
1987
Legal Domicile
In
Voting Board Members
12
Independent Board Members
12
Employees
0
Volunteers
113

Preparer

Preparer
Dirk Ahlbeck
Phone
8478244000
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Godina collections 17,276.

Financial Statement Notes

PART X, LINE 2:

The organization is exempt from income taxes under section 501(c)(3) of the internal revenue code. In addition, the organization qualifies for the charitable contribution deduction under section 170(b)(1)(a) and has been classified as an organization other than a private foundation under irc section 509(a).

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IRS990/Form990PartVIISectionAGrp/PersonNm1JOSEPH SERLETTI MD
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IRS990/Form990PartVIISectionAGrp/PersonNm3MICHAEL W NEUMEISTER MD
IRS990/Form990PartVIISectionAGrp/PersonNm4ALLEN T BISHOP MD
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IRS990/OtherExpensesGrp/ProgramServicesAmt01480
IRS990/OtherExpensesGrp/TotalAmt021314
IRS990/OtherExpensesGrp/TotalAmt112859
IRS990/OtherExpensesGrp/TotalAmt21480
IRS990/OtherRevenueMiscGrp/BusinessCd0511140
IRS990/OtherRevenueMiscGrp/Desc0MAILING LIST RENTAL
IRS990/OtherRevenueMiscGrp/ExclusionAmt0300
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0300
IRS990/OtherRevenueTotalAmt0300
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0110306
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0217792
IRS990/PrincipalOfficerNm0ALLEN T BISHOP MD
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611710
IRS990/ProgramServiceRevenueGrp/BusinessCd1611710
IRS990/ProgramServiceRevenueGrp/BusinessCd2611710
IRS990/ProgramServiceRevenueGrp/BusinessCd3611710
IRS990/ProgramServiceRevenueGrp/Desc0ANNUAL MEETING
IRS990/ProgramServiceRevenueGrp/Desc1EXHIBITS
IRS990/ProgramServiceRevenueGrp/Desc2PROGRAM REGISTRATION
IRS990/ProgramServiceRevenueGrp/Desc3PUBLICATIONS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0312604
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt173985
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt222700
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt314908
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0312604
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt173985
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt222700
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt314908
IRS990/ProgSrvcAccomActy2Grp/Desc0MICROSURGERY FELLOWSHIP MATCH SERVICE PROVIDES ASSISTANCE TO THE MATCHING OF MICROSURGERY FELLOWSHIP PROGRAMS AND NEW STUDENTS READY TO ENTER A FELLOWSHIP.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt010572
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt022700
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0172211
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt029094
IRS990/PYInvestmentIncomeAmt07688
IRS990/PYOtherExpensesAmt0521463
IRS990/PYOtherRevenueAmt04070
IRS990/PYProgramServiceRevenueAmt0424355
IRS990/PYRevenuesLessExpensesAmt057767
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0550557
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0608324
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt096374
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0401497
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0199562
IRS990/SavingsAndTempCashInvstGrp/EOYAmt095084
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearAmt012995
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus1YearAmt05740
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus2YearsAmt06250
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus3YearsAmt04750
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus4YearsAmt04940
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt034675
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0185898
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0172211
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0156886
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt030975
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt046426
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0592396
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt010716
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt07688
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt010483
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt013245
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt08226
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt050358
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0424197
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0424355
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0368149
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0458182
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0501696
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt02176579
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt010716
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt07688
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt010483
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt013245
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt08226
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt050358
IRS990ScheduleA/InvestmentIncomeCYPct00.01780
IRS990ScheduleA/InvestmentIncomePYPct00.02050
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt0300
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt04070
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt01270
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt04275
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt02807
IRS990ScheduleA/OtherIncome509Grp/TotalAmt012722
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.96550
IRS990ScheduleA/PublicSupportPY509Pct00.96550
IRS990ScheduleA/PublicSupportTotal509Amt02734300
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearAmt012995
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus1YearAmt05740
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus2YearsAmt06250
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus3YearsAmt04750
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus4YearsAmt04940
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt034675
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0610095
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0596566
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0525035
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0489157
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0548122
IRS990ScheduleA/Total509Grp/TotalAmt02768975
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0621111
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0608324
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0536788
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0506677
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0559155
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt02832055
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0524737
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/NetUnrealizedGainsInvstAmt03053
IRS990ScheduleD/RevenueNotReportedAmt03053
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0621111
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. IN ADDITION, THE ORGANIZATION QUALIFIES FOR THE CHARITABLE CONTRIBUTION DEDUCTION UNDER SECTION 170(B)(1)(A) AND HAS BEEN CLASSIFIED AS AN ORGANIZATION OTHER THAN A PRIVATE FOUNDATION UNDER IRC SECTION 509(A).
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt0524737
IRS990ScheduleD/TotalRevenuePerForm990Amt0621111
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0624164
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0524737
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt010000
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0TRAVEL AND STUDY GRANT
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt01
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION'S GRANT IS AWARDED TO A DOCTOR FOR FELLOWSHIP USES. AN APPOINTED COMMITTEE DECIDES ON THE RECIPIENT AND APPROVES THE RECIPIENT'S ITINERARY OF THE FUNDS BEFORE APPROVAL IS GIVEN. THE RECIPIENT ALSO MUST REPORT ON THEIR EXPERIENCE DURING FELLOWSHIP.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION DELEGATED THE MANAGEMENT DUTIES TO MEDICAL ASSOCIATION MANAGEMENT (MAM), A DIVISION OF THE ILLINOIS STATE MEDICAL SOCIETY (ISMS). MAM PROVIDES ADMINISTRATIVE, BOARD GOVERNANCE, MEMBERSHIP, PUBLICATION AND COMMUNICATIONS, WEBSITE, FINANCIAL, MICROSURGERY FELLOWSHIP MATCH, AND ANNUAL MEETING SERVICES TO THE ORGANIZATION. KRISTA GRECO (EXECUTIVE DIRECTOR) IS A KEY EMPLOYEE WHO WAS COMPENSATED BY THE MANAGEMENT COMPANY. THE COMPENSATION INCLUDED $40,820.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION HAS SIX CLASSES OF MEMBERSHIP: FOUNDING, ACTIVE, ASSOCIATE, HONORARY, EMERITUS AND CANDIDATE. ACTIVE AND CANDIDATE MEMBERS ARE ALLOWED TO VOTE, HOLD AN ELECTED OFFICE POSITIONS AND SERVE ON COMMITTEES. EMERITUS MEMBERS ARE ALLOWED TO VOTE AND SERVE ON COMMITTEES, BUT ARE NOT ALLOWED TO HOLD ELECTED OFFICE POSITIONS. ASSOCIATE MEMBERS ARE ALLOWED TO SERVE ON COMMITTEES, BUT ARE NOT ALLOWED TO VOTE OR HOLD ELECTED OFFICE POSITIONS. ALL OTHER CLASSES OF MEMBERS ARE NOT ELIGIBLE TO VOTE, HOLD AN ELECTED OFFICE POSITION OR SERVE ON COMMITTEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE APPLICATIONS OF ACTIVE OR ASSOCIATE MEMBERS ARE REVIEWED BY THE MEMBERSHIP COMMITTEE AND CANDIDATES ARE THEN SUBMITTED TO THE EXECUTIVE COUNCIL. THE COMMITTEE REPORT, AFTER APPROVAL BY THE EXECUTIVE COUNCIL, IS SUBMITTED TO THE MEMBERSHIP FOR A THREE-QUARTER AFFIRMATIVE VOTE TO ELECT. HONORARY MEMBERS ARE NOMINATED BY THE EXECUTIVE COUNCIL AND ELECTED BY A THREE-QUARTER AFFIRMATIVE VOTE OF THE VOTING MEMBERS PRESENT AT ANNUAL BUSINESS MEETING. CANDIDATE MEMBERS ARE NOMINATED BY AN ACTIVE MEMBER AND ENDORSED BY TWO ACTIVE MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ACTIVE MEMBERS APPROVE REVISIONS TO THE BYLAWS WITH A THREE-FOURTHS AFFIRMATIVE VOTE BY ACTIVE MEMBERS PRESENT AT THE ANNUAL BUSINESS MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4A COPY OF THE FORM 990 IS EMAILED TO ALL MEMBERS OF THE BOARD OF DIRECTORS BEFORE IT IS FILED. THE PRESIDENT AND TREASURER REVIEW FORM 990 BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION HAS A WRITTEN CONFLICT OF INTEREST POLICY THAT REQUIRES OFFICERS TO ANNUALLY DISCLOSE INTERESTS THAT COULD GIVE RISE TO CONFLICTS. IF AN ACTUAL OR POTENTIAL MATERIAL CONFLICT OF INTEREST OCCURS, IT IS IMPERATIVE THE INDIVIDUAL INVOVLED RESIGNS FROM THEIR POSITION. THE PRESIDENT AND EXECUTIVE DIRECTOR REGULARLY MONITOR AND ENFORCE COMPLIANCE WITH THIS POLICY.

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