The Orthopaedic Learning Center

“The organization has members that are identical to the membership of the sponsoring organization (the american academy of surgeons).”

“The board retains the services of an independent cpa firm to prepare the organization's form 990. Management reviews the completed form 990 and provides a full copy to all voting members of the governing body prior to filing. A conference call is scheduled for the cpa firm and organization management to discuss the form 990 with the finance committee and to answer any questions prior to filing form 990 with the irs. The finance committee has been delegated the authority to review and approve the form 990 by the voting members of the governing body.”

“Board members, key volunteers, and key staff are notified in writing twice a year to update their written disclosures. The disclosure database is maintained electronically and anyone who has not updated their record is notified until they have done so. Additionally, before every board and committee meeting participants are asked if they have anything new to disclose. The chair of the governance group shall also have the prerogative of requesting a participant to provide further information or an explanation if the chair identifies a potential conflict of interest regarding that participant. The chair shall be guided by the most current version of the protocol for the president to use in handling potential conflict of interest issues before the academy board of directors. Based on the information provided in the academy orthopaedic disclosure program and/or upon a further review, the chair of the academy governance group may determine that the participant shall: 1) disclose the potential conflict and continue to participate fully in the academy governance group's discussions and vote; ["disclosure option"] 2) disclose the potential conflict, address any questions other members of the group have on the subject, then leave the room and not participate in further discussion and vote ["recusal from vote option"] or 3) depart from the room until the matter has been fully discussed and acted upon. ["recusal from discussion and vote option"].”

“A compensation committee is designated by the voting members of the governing body and is charged with developing and negotiating the terms of employment and establishing the total compensation package for the ceo. An evaluation process is completed annually and a recommendation is made regarding compensation that is sent to the board for approval. For other officers, key employees, and staff positions, a market study review is performed every three to four years comparing job descriptions with other entities to determine reasonable salary ranges.”

“Governing documents and the conflict of interest policy are available on the organization's website which is open to the public. Financial statements are available through the applicable governmental agencies.”

“Fees for services: program service expenses 447,773. Management and general expenses 21,747. Fundraising expenses 0. Total expenses 469,520.”

“Gain (loss) on ortho properties llc 54,671.”

“This process has not changed from the prior year.”