Surgical Council on Resident Education

“The sole member of the organization is the american board of surgery (ein 23-1352007).”

“The sole member shall meet annually for the election of officers.”

“The organization has an independent certified public accounting firm prepare its form 990. The form is then reviewed by the organization's coo and the parent organization's controller, and any needed changes or updates are communicated back to the accounting firm for updates. All board members receive copies of the form 990 before the return is filed with the irs.”

“The organization has all directors sign a disclosure form annually attesting to the fact that they each have read, understood, and agree to abide by the organization's conflict of interest policy. There were no conflicts of interest to report for this fiscal year. All new directors will be required to sign the same attestation upon their joining the board of directors. In addition, any director, officer, employee, member or committee member having an interest in a contract or other transaction presented to the board of directors or a committee thereof for authorization, approval, or ratification shall give prompt, full, and frank disclosure of his or her interest to the board or committee prior to its acting on such contract or transaction. The board or committee shall gather comparability data regarding a possible conflict to make determinations regarding the fairness and reasonableness of the transaction. The interested party may make a presentation to the board or committee concerning the transaction or arrangement and the interested party's interest in the transaction or arrangement. The board or committee shall then discuss the transaction or arrangement without the interested party present, including the data gathered about possible more advantageous transactions or arrangements. If a more advantageous transaction or arrangement is not reasonably possible under circumstances not producing a conflict of interest, the board or committee shall determine by a majority vote of the disinterested directors whether the transaction or arrangement is in the corporation's best interest, for its own benefit, and whether it is fair and reasonable in conformity with the determination, it shall make its decision as to whether to enter into the transaction or arrangement.”

“Score uses the association of american medical colleges (aamc) "report on medical school faculty salaries" as the standard for determining appropriate compensation for physician executives, since this is the locale from which such individuals have to be recruited. This report provides the most comprehensive data available on medical faculty salaries and is updated and republished yearly. The data reflects reporting from all 133 accredited medical schools in the united states, and from nearly 100,000 faculty members. The aamc report categorizes medical school faculty salaries by geographic region, type of medical school, academic rank, and medical specialty. For comparative purposes we use the average of public, private, and northeastern medical schools for the specialty of general surgery. The academic rank of professor is considered equivalent to associate executive director; division head is considered equivalent to associate executive director, and department chair is considered equivalent to executive director. The median and mean figures are averaged for each position. The figures are compared over five or more years to establish average rates of increase per year. Presented to the finance committee of the parent organization at their june annual meeting in tabular form which allows comparison among all of the above variables. The ed then recuses himself from the room, and the committee discusses the data and arrives at final decisions regarding the compensation of the physician executives for the succeeding year. The aamc report is generally published in january of a given year and is based on salaries reported for the prior academic year. The implementation of these by score is therefore at least one year behind the observed standards to which they are being compared.”

“Governing documents, conflict of interest policy, and financial statements are available upon request.”

“Web fees - admin: program service expenses 35,000. Management and general expenses 0. Fundraising expenses 0. Total expenses 35,000. Web fees - license fees: program service expenses 76,478. Management and general expenses 0. Fundraising expenses 0. Total expenses 76,478. Web fees - program tech: program service expenses 622,801. Management and general expenses 0. Fundraising expenses 0. Total expenses 622,801. Web fees - editorial: program service expenses 88,023. Management and general expenses 0. Fundraising expenses 0. Total expenses 88,023. Other professional fees: program service expenses 230,886. Management and general expenses 57,725. Fundraising expenses 0. Total expenses 288,611. Credit card fees: program service expenses 21,195. Management and general expenses 0. Fundraising expenses 0. Total expenses 21,195.”

“The organization did not make any chnages in its over process during the year.”

“The organization has five employees allocated to it: however, its affiliated organization, american board of surgery, reports all employees on its form w-3.”