Nonprofit · EIN 23-7348162
HIP SOCIETY
Tax-exempt · SCHAUMBURG, IL 60173
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $1,858,799 | $965,260 | $893,539 | $8,524,351 | $291,045 | $8,233,306 |
| December 31, 2024 | 990 | $1,090,270 | $852,982 | $237,288 | $7,561,858 | $279,969 | $7,281,889 |
| December 31, 2023 | 990 | $962,066 | $877,442 | $84,624 | $6,751,603 | $210,277 | $6,541,326 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $49,418
- Program service revenue
- $885,627
- Investment income
- $919,591
- Net gain from sales of assets
- $743,302
- Other revenue
- $4,163
Expenses
- Grants and similar amounts paid
- $73,195
- Compensation of officers, directors and key employees
- $175,851
- Other salaries and wages
- $30,796
- Salaries, compensation and benefits (total)
- $285,714
- Professional fundraising fees
- $0
- Legal fees
- $2,822
- Accounting fees
- $17,290
- Occupancy
- $18,639
- Travel
- $103,499
- Program services (functional)
- $687,004
- Management and general (functional)
- $278,256
Balance sheet and other
- Total assets, start of year
- $7,561,858
- Total assets, end of year
- $8,524,351
- Total liabilities, end of year
- $291,045
- Net assets, end of year
- $8,233,306
- Publicly traded securities
- $7,071,060
- Net assets without donor restrictions
- $3,193,723
- Net assets with donor restrictions
- $5,039,583
- Gross receipts
- $7,654,738
- Employees
- 0
- Volunteers
- 200
- Year formed
- 1968
- State of legal domicile
- IL
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| OLGA FOLEY | EXECUTIVE DIRECTOR Officer | 40 | $175,851 | $31,159 |
| JOLANTA TRICROCE | EDUCATION AND MEETINGS DIRECTOR Highest-paid employee | 40 | $117,409 | $28,575 |
| WILLIAM MACAULAY MD | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| DON S GARBUZ MD | IMMEDIATE PAST PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| STEVEN J MACDONALD MD | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| JOHN C CLOHISY MD | 3RD VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| MATHIAS PG BOSTROM MD | 1ST VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| MICHAEL P BOLOGNESI MD | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| BRYAN D SPRINGER MD | 2ND VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| CHRISTOPHER L PETERS MD | COMMITTEE CHAIR Trustee or director | 1 | $0 | $0 |
| SAMUEL S WELLMAN MD | COMMITTEE CHAIR Trustee or director | 1 | $0 | $0 |
| WILLIAM M MIHALKO MD | COMMITTEE CHAIR Trustee or director | 1 | $0 | $0 |
| RONALD E DELANOIS MD | MEMBER-AT-LARGE Trustee or director | 1 | $0 | $0 |
| AMAR S RANAWAT MD | COMMITTEE CHAIR Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2024: 14 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| OLGA FOLEY | EXECUTIVE DIRECTOR Officer | 40 | $156,120 | $31,794 |
| JOLANTA TRICROCE | EDUCATION AND MEETINGS MANAGER Highest-paid employee | 40 | $102,045 | $29,535 |
| WILLIAM MACAULAY MD | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| WILLIAM A JIRANEK MD | IMMEDIATE PAST PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| DON S GARBUZ MD | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| BRYAN D SPRINGER MD | 3RD VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| STEVEN J MACDONALD MD | 1ST VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| MICHAEL P BOLOGNESI MD | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| MATHIAS PG BOSTROM MD | 2ND VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| PAUL E BEAULE MD | COMMITTEE CHAIR Trustee or director | 1 | $0 | $0 |
| MATTHEW P ABDEL MD | COMMITTEE CHAIR Trustee or director | 1 | $0 | $0 |
| WILLIAM M MIHALKO MD | COMMITTEE CHAIR Trustee or director | 1 | $0 | $0 |
| KEITH R BEREND MD | MEMBER Trustee or director | 1 | $0 | $0 |
| RAFAEL J SIERRA MD | COMMITTEE CHAIR Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 12 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| OLGA FOLEY | EXECUTIVE DIRECTOR Officer | 40 | $157,783 | $33,853 |
| WILLIAM MACAULAY MD | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| JAY R LIEBERMAN MD | IMMEDIATE PAST PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| WILLIAM A JIRANEK MD | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| DON S GARBUZ MD | 1ST VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| STEVEN J MACDONALD MD | 2ND VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| JOHN C CLOHISY MD | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| MATHIAS PG BOSTROM MD | 3RD VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| MICHAEL P BOLOGNESI MD | COMMITTEE CHAIR Trustee or director | 1 | $0 | $0 |
| MICHAEL A MONT MD | COMMITTEE CHAIR Trustee or director | 1 | $0 | $0 |
| RAFAEL J SIERRA MD | COMMITTEE CHAIR Trustee or director | 1 | $0 | $0 |
| KEITH R BEREND MD | MEMBER Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1515 E WOODFIELD RD STE 345, SCHAUMBURG, IL 60173-5432
- Principal officer (990 for 2025)
- WILLIAM MACAULAY MD, 1515 EAST WOODFIELD ROAD 345, SCHAUMBURG, IL 60173
- Signed the 990
- WILLIAM MACAULAY MD, TREASURER
- Phone
- (847) 698-1638
- Website
- WWW.HIPSOC.ORG
- Return prepared by
- PORTE BROWN LLC
Mission
TO ADVANCE KNOWLEDGE OF HIP DISORDERS, PROMOTE EVIDENCE-BASED TREATMENT, AND REFINE SUREGERY OF THE HIP IN ORDER TO IMPROVE THE LIVES OF PATIENTS.
Program accomplishments
- MEETINGS FOR ORTHOPAEDIC SURGEONS AND ENGINEERS WHO HAVE AN INTEREST IN THE HIP SURGERY AND FULL DAY EDUCATIONAL PROGRAM DIVIDED INTO SYMPOSIA AND A SESSION OF AWARD PAPERS.Expenses $510,310 · grants $48,500 · revenue $889,790
- AWARDS TO ORGANIZATIONS TO PROMOTE RESEARCH IN THE FIELD OF ORTHOPAEDIC SURGERY.Expenses $176,694 · grants $24,695
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 23-7348162
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1974
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $8,524,351
- Income (IRS master file)
- $7,654,738
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $1,858,799 | $965,260 | $8,524,351 | XML |
| 990 | December 2024 | $1,090,270 | $852,982 | $7,561,858 | XML |
| 990 | December 2023 | $962,066 | $877,442 | $6,751,603 | XML |
| 990 | December 2022 | $1,236,691 | $985,523 | $6,247,099 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 23-7348162).
Questions about HIP SOCIETY
- What is the EIN of HIP SOCIETY?
- The employer identification number (EIN) of HIP SOCIETY is 23-7348162.
- Is HIP SOCIETY tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1974.
- Are donations to HIP SOCIETY tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does HIP SOCIETY file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of HIP SOCIETY due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did HIP SOCIETY last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of HIP SOCIETY?
- The 990 for the year ended December 31, 2025 names WILLIAM MACAULAY MD.
- Who are the officers and directors of HIP SOCIETY?
- The 990 for the year ended December 31, 2025 lists 14 people; 2 received compensation from the organization, the highest $175,851 (OLGA FOLEY, EXECUTIVE DIRECTOR).
- How much revenue does HIP SOCIETY have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $1,858,799, expenses of $965,260 and total assets of $8,524,351 at year end.
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