Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
right arrowDo not enter social security numbers on this form as it may be made public.
right arrowGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2024
Open to Public Inspection
For calendar year 2024, or tax year beginning 01-01-2024 , and ending 12-31-2024
Name of foundation
THE JOURNAL OF BONE AND JOINT
SURGERY INC
Number and street (or P.O. box number if mail is not delivered to street address)20 PICKERING STREET
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
NEEDHAM, MA02492
A Employer identification number

04-2104359
B Telephone number (see instructions)

(781) 449-9780
C right arrow
G Check all that apply:

D 1. Foreign organizations, check here............. right arrow
2. Foreign organizations meeting the 85%
test, check here and attach computation ... right arrow
E right arrow
H Check type of organization:
F right arrow
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)right arrow$29,567,439J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule) 370
2 Check right arrow.............
3 Interest on savings and temporary cash investments 126,979 126,979  
4 Dividends and interest from securities... 779,980 779,980  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 -1,768
b Gross sales price for all assets on line 6a 38,237
7 Capital gain net income (from Part IV, line 2)... 0
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
8,311,471 6,239,293 2,072,178
12 Total. Add lines 1 through 11........ 9,217,032 7,146,252 2,072,178
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 168,750 0 0 168,750
14 Other employee salaries and wages...... 3,265,593 0 215,189 3,050,404
15 Pension plans, employee benefits....... 819,163 0 51,950 767,213
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
38,608 0 0 38,608
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
60,000 0 0 60,000
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
470,348 158,496 14,739 297,113
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
90,500 0 0 0
19 Depreciation (attach schedule) and depletion... 617,079 0 105,787
20 Occupancy.............. 398,246 0 26,243 372,003
21 Travel, conferences, and meetings....... 216,164 0 21,135 195,029
22 Printing and publications.......... 1,887,304 946,750 623,623 316,931
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
614,334 0 70,485 855,790
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 8,646,089 1,105,246 1,129,151 6,121,841
25 Contributions, gifts, grants paid....... 28,045 28,045
26 Total expenses and disbursements. Add lines 24 and 25 8,674,134 1,105,246 1,129,151 6,149,886
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 542,898
b Net investment income (if negative, enter -0-) 6,041,006
c Adjusted net income (if negative, enter -0-)... 943,027
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2024)
Form 990-PF (2024)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. 1,539,841 1,423,687 1,423,687
2 Savings and temporary cash investments.........      
3 Accounts receivable right arrow110,987
Less: allowance for doubtful accounts right arrow   127,884 110,987 110,987
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) right arrow  
Less: allowance for doubtful accounts right arrow        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges.......... 310,769 268,954 268,954
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 22,843,486 Click to see attachment
List of Attached Documents:
// Content
25,005,908 		25,005,908
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 754,336 Click to see attachment
List of Attached Documents:
// Content
695,142 		695,142
14 Land, buildings, and equipment: basis right arrow3,430,121
Less: accumulated depreciation (attach schedule) right arrow2,654,614 918,651 775,507 775,507
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
1,694,220 		Click to see attachment
List of Attached Documents:
// Content
1,287,254 		Click to see attachment
List of Attached Documents:
// Content
1,287,254
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 28,189,187 29,567,439 29,567,439
Liabilities 17 Accounts payable and accrued expenses.......... 1,064,983 701,085
18 Grants payable.................    
19 Deferred revenue................. 939,045 1,102,171
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
1,182,525 		Click to see attachment
List of Attached Documents:
// Content
842,600
23 Total liabilities (add lines 17 through 22)......... 3,186,553 2,645,856
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions........... 25,002,634 26,921,583
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 25,002,634 26,921,583
30 Total liabilities and net assets/fund balances (see instructions). 28,189,187 29,567,439
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
25,002,634
2
Enter amount from Part I, line 27a .....................
2
542,898
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
1,438,207
4
Add lines 1, 2, and 3 ..........................
4
26,983,739
5
Decreases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
5
62,156
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
26,921,583
Form 990-PF (2024)
Form 990-PF (2024)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a SHORT-TERM INVEST-GR ADM 0539 P   2024-02-06
b SHORT-TERM INVEST-GR ADM 0539 P   2024-05-02
c SHORT-TERM INVEST-GR ADM 0539 P   2024-08-01
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 11,422   11,985 -563
b 11,848   12,512 -664
c 14,967   15,508 -541
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       -563
b       -664
c       -541
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 -1,768
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Part V
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here right arrow and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions) 1 83,970
b All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 83,970
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 83,970
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 101,006
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 70,000
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 171,006
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10 87,036
11 Enter the amount of line 10 to be: Credited to 2025 estimated taxright arrow87,036 Refundedright arrow 11 0
Form 990-PF (2024)
Form 990-PF (2024)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$ 0(2) On foundation managers.right arrow$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowMA
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2024 or the taxable year beginning in 2024? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrowWWW.JBJS.ORG
14
The books are in care ofright arrowMONIQUE CLARK Telephone no.right arrow (781) 433-1214

Located atright arrow20 PICKERING STREETNEEDHAMMA ZIP+4right arrow02492
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2024, did the foundation have an interest in or a signature or other authority over YesNo
a bank, securities, or other financial account in a foreign country? .................
16   No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrow
Form 990-PF (2024)
Form 990-PF (2024)
Page 5
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
Yes
 
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
No
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2024? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2024, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2024?....................
2a
 
No
If "Yes," list the years right arrow20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
Yes
 
b
If "Yes," did it have excess business holdings in 2024 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
if the foundation had excess business holdings in 2024.) .....................
3b
 
No
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2024? ..
4b
 
No
Form 990-PF (2024)
Form 990-PF (2024)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
No
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
 
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
 
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a) Name and address (b) Title, and average
hours per week
devoted to position 		(c) Compensation
 (If not paid, enter
-0-) 		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
other allowances
JAMES CARPENTER MD CHAIR
5.00 		15,000 0 0
20 PICKERING ST
NEEDHAM,MA02492
LEESA GALATZ MD VICE CHAIR
2.00 		15,000 0 0
20 PICKERING ST
NEEDHAM,MA02492
SURENA NAMDARI MD TREASURER
2.00 		15,000 0 0
20 PICKERING ST
NEEDHAM,MA02492
JOHN FLYNN SECRETARY
2.00 		15,000 0 0
20 PICKERING ST
NEEDHAM,MA02492
THOMAS VAIL MD TRUSTEE
2.00 		15,000 0 0
20 PICKERING ST
NEEDHAM,MA02492
MARK GOLBERG TRUSTEE
2.00 		15,000 0 0
20 PICKERING ST
NEEDHAM,MA02492
KRISTOFER JONES TRUSTEE
2.00 		15,000 0 0
20 PICKERING ST
NEEDHAM,MA02492
JUDITH BAUMHAUER MD TRUSTEE
2.00 		15,000 0 0
20 PICKERING ST
NEEDHAM,MA02492
JOSHUA JACOBS MD TRUSTEE
2.00 		15,000 0 0
20 PICKERING ST
NEEDHAM,MA02492
JENNIFER WOLF TRUSTEE
2.00 		15,000 0 0
20 PICKERING ST
NEEDHAM,MA02492
FRANK CUTITTA TRUSTEE
2.00 		15,000 0 0
20 PICKERING ST
NEEDHAM,MA02492
CHRISTINE LAMB TRUSTEE
2.00 		15,000 0 0
20 PICKERING ST
NEEDHAM,MA02492
JASON MILLER CEO
40.00 		396,166 61,470 0
20 PICKERING ST
NEEDHAM,MA02492
BETSY BELLAR COO
40.00 		280,055 31,103 0
20 PICKERING ST
NEEDHAM,MA02492
DR MO BHANDARI MD EDITOR IN CHIEF
20.00 		317,933 0 0
20 PICKERING ST
NEEDHAM,MA02492
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000 (b) Title, and average
hours per week
devoted to position 		(c) Compensation (d) Contributions to
employee benefit
plans and deferred
compensation 		(e) Expense account,
other allowances
KATHRYN SHEA SVP EDUCATIONAL EVEN
40.00 		158,140 39,595 0
20 PICKERING ST
NEEDHAM,MA02492
ALLEN HARPER AVP PUBLISHING
40.00 		140,468 32,508 0
20 PICKERING ST
NEEDHAM,MA02492
BEV OUANNASS AVP SALES & MARKETIN
40.00 		125,906 45,663 0
20 PICKERING ST
NEEDHAM,MA02492
CHRISTINA NELSON DIRECTOR, PUBLISHING
40.00 		119,488 51,782 0
20 PICKERING ST
NEEDHAM,MA02492
MO CLARK DIRECTOR, FINANCE &
40.00 		122,573 23,524 0
20 PICKERING ST
NEEDHAM,MA02492
Total number of other employees paid over $50,000...................right arrow 14
Form 990-PF (2024)
Form 990-PF (2024)
Page 7
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)
3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
UNIVERSITY OF MN PHYSICIANS CONTRACT EDITOR 385,176
720 WASHINGTON AVE STE 200
MINNEAPOLIS,MN55414
FOCUS TECHNOLOGY INFORMATION TECHNOLOGY 272,392
2 LIBERTY SQUARE F7
BOSTON,MA02109
AREA9 INNOVATION INC WEBSITE DEVELOPMENT 186,144
126 WOODLAND RD
CHESTNUT HILL,MA02467
MEMORANG INC APP DEVELOPMENT 84,000
18849 MIRANDA ST
TARZANA,CA91356
JOHN WILEY & SONS INC EDITORIAL SUPPORT 80,667
111 RIVER ST
HOBOKEN,NJ07030
Total number of others receiving over $50,000 for professional services.............right arrow10
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1 1. PUBLICATION OF SCIENTIFIC MEDICAL JOURNALS ENTITLED "THE JOURNAL OF BONE AND JOINT SURGERY" (24 ISSUES, PRINT AND ONLINE), "JBJS OPEN ACCESS", "JBJS REVIEWS", "ESSENTIAL SURGICAL TECHNIQUES", AND "CASE CONNECTOR", AND "JOURNAL OF ORTHOPAEDICS FOR PHYSICIAN ASSISTANTS". 6,349,236
2 2. JBJS OPERATES THE MILLER REVIEW COURSE ("MRC") PROGRAM FOR FIVE DAYS IN SPRING OF EACH YEAR IN COLORADO, TO PREPARE RESIDENTS FOR THEIR BOARDS. ATTENDANCE IS APPROXIMATELY 600. IN ADDITION, JBJS OFFERS A JBJS/MRC VIRTUAL RECERTIFICATION COURSE THAT ASSISTS PHYSICIANS IN THEIR PASSING THEIR RECERTIFICATION PROCESSES. 757,389
3 3. PROVISION OF CONTINUING MEDICAL EDUCATION (CME) ACTIVITIES AND LIFETIME LEARNING PLATFORMS (JBJS CLINICAL CLASSROOM), PHYSICIANS AND RESIDENTS IN THE FIELD OF ORTHOPEDICS. THESE ACTIVITIES ARE DESIGNED TO MAINTAIN PHYSICIANS' COMPETENCE ON A REGULAR BASIS. 371,762
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow0
Form 990-PF (2024)
Form 990-PF (2024)
Page 8
Part IX
Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
1
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
purposes:
a
Average monthly fair market value of securities...................
1a
24,245,894
b
Average of monthly cash balances.......................
1b
3,271,517
c
Fair market value of all other assets (see instructions)................
1c
432,275
d
Total (add lines 1a, b, and c).........................
1d
27,949,686
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
0
2
Acquisition indebtedness applicable to line 1 assets..................
2
0
3
Subtract line 2 from line 1d.........................
3
27,949,686
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
419,245
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
27,530,441
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
1,376,522
Part X
Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
1
Minimum investment return from Part IX, line 6..................
1
1,376,522
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
83,970
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
83,970
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
1,292,552
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
1,292,552
6
Deduction from distributable amount (see instructions).................
6
0
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
1,292,552
Part XI
Qualifying Distributions (see instructions)
1
Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
a
Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
1a
6,149,886
b
Program-related investments—total from Part VIII-B..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
 
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
 
b
Cash distribution test (attach the required schedule) .................
3b
 
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
6,149,886
Form 990-PF (2024)
Form 990-PF (2024)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2023 		(c)
2023 		(d)
2024
1 Distributable amount for 2024 from Part X, line 7 1,292,552
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only....... 0
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2024:
a From 2019......  
b From 2020...... 4,715,795
c From 2021...... 5,035,000
d From 2022...... 4,711,144
e From 2023...... 4,679,200
f Total of lines 3a through e ........ 19,141,139
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$ 6,149,886
a Applied to 2023, but not more than line 2a 0
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		0
c Treated as distributions out of corpus (Election
required—see instructions)........ 		0
d Applied to 2024 distributable amount..... 1,292,552
e Remaining amount distributed out of corpus 4,857,334
5 Excess distributions carryover applied to 2024. 0 0
(If an amount appears in column (d), the
same amount must be shown in column (a).)
6Enter the net total of each column as
indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 23,998,473
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		0
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed...... 		0
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		0
e Undistributed income for 2023. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2024. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2025 .......... 		0
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		0
8 Excess distributions carryover from 2019 not
applied on line 5 or line 7 (see instructions) ... 		0
9 Excess distributions carryover to 2025.
Subtract lines 7 and 8 from line 6a ...... 		23,998,473
10 Analysis of line 9:
a Excess from 2020.... 4,715,795
b Excess from 2021.... 5,035,000
c Excess from 2022.... 4,711,144
d Excess from 2023.... 4,679,200
e Excess from 2024.... 4,857,334
Form 990-PF (2024)
Form 990-PF (2024)
Page 10
Part XIII
Private Operating Foundations (see instructions and Part VI-A, question 9)
1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2024, enter the date of the ruling ...... right arrow
 
b Check box to indicate whether the organization is a private operating foundation described in section or
2a Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2024 (b) 2023 (c) 2022 (d) 2021
         
b 85% (0.85) of line 2a .........          
c Qualifying distributions from Part XI,
line 4 for each year listed ..... 		         
d Amounts included in line 2c not used directly
for active conduct of exempt activities .......... 		         
e Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c .... 		         
3 Complete 3a, b, or c for the
alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......          
(2) Value of assets qualifying
under section 4942(j)(3)(B)(i)		          
b “Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part IX, line 6 for each year listed .. 		         
c “Support" alternative test—enter:
(1) Total support other than gross
investment income (interest,
dividends, rents, payments
on securities loans (section
512(a)(5)), or royalties) .... 		         
(2) Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii).... 		         
(3) Largest amount of support
from an exempt organization		          
(4) Gross investment income          
Part XIV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1Information Regarding Foundation Managers:
aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here right arrow if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions
aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
bThe form in which applications should be submitted and information and materials they should include:
cAny submission deadlines:
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
Form 990-PF (2024)
Form 990-PF (2024)
Page 11
Part XIV
Supplementary Information (continued)
3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient If recipient is an individual,
show any relationship to
any foundation manager
or substantial contributor
 Foundation
status of
recipient 		Purpose of grant or
contribution 		Amount
Name and address (home or business)
aPaid during the year

ALL HANDS AND HEARTS

6 COUNTY ROAD SUITE 6
MATTAPOISETT,MA02739 		NONE PC EMPLOYEE DONATION MATCH 72

ALS THERAPY INSTITUTE

480 ARSENAL STREET SUITE 201
WATERTOWN,MA02472 		NONE PC EMPLOYEE DONATION MATCH 100

AMERICAN JEWISH WORLD SERVICE

45 W 36TH ST
NEW YORK,NY10018 		NONE PC EMPLOYEE DONATION MATCH 329

AMERICAN ORTHOPAEDIC ASSOCIATION

PO BOX 87618
CHICAGO,IL606800618 		NONE PC ANNUAL SYMPOSIA SUPPORT GRANT FOR 2024 25,000

AMNESTY INTERNATIONAL USA

89 SOUTH STREET
BOSTON,MA02111 		NONE PC EMPLOYEE DONATION MATCH 103

ANIMAL RESCUE LEAGUE

PO BOX 41143
SACRAMENTO,CA95841 		NONE PC EMPLOYEE DONATION MATCH 50

BUDDY DOG HUMANE SOCIETY

BOX 296
SUDBURY,MA01776 		NONE PC EMPLOYEE DONATION MATCH 50

DIRECT RELIEF

6100 WALLACE BECKNELL ROAD
SANTA BARBARA,CA93117 		NONE PC EMPLOYEE DONATION MATCH 55

DOCTORS WITHOUT BORDERS

40 RECTOR STREET
NEW YORK,NY10006 		NONE PC EMPLOYEE DONATION MATCH 50

GLOBALGIVING FOUNDATION

1 THOMAS CIRCLE NW SUITE 800
WASHINGTON,DC20005 		NONE PC EMPLOYEE DONATION MATCH 115

INTERFAITH SOCIAL SERVICES

105 ADAMS STREET
QUINCY,MA02169 		NONE PC EMPLOYEE DONATION MATCH 59

INTERNATIONAL RESCUE COMMITTEE

PO BOX 6068
ALBERT LEA,MN560079847 		NONE PC EMPLOYEE DONATION MATCH 103

NEBCR INC

14 WINIFRED RD
FRAMINGHAM,MA01701 		NONE PC EMPLOYEE DONATION MATCH 500

PHYSICIANS COMMITTEE FOR RESPONSIBLE MEDICINE

5100 WISCONSIN AVE NW SUITE 400
WASHINGTON,DC200164131 		NONE PC EMPLOYEE DONATION MATCH 50

PLANNED PARENTHOOD FEDERATION OF AMERICA

4751 N 15TH STREET
PHOENIX,AZ85014 		NONE PC EMPLOYEE DONATION MATCH 111

ROSEWOOD ELEMENTARY

2370 TYLER STREET
JENISON,MI49548 		NONE PC EMPLOYEE DONATION MATCH 50

SOUTHERN POVERTY LAW CENTER

400 WASHINGTON AVE
MONTGOMERY,AL36104 		NONE PC EMPLOYEE DONATION MATCH 103

WORLD WILDLIFE FUND INC

1250 TWENTY-FOURTH STREET NW PO BOX
97180
WASHINGTON,DC200907180 		NONE PC EMPLOYEE DONATION MATCH 102

ARBORETUM FOUNDATION

2300 ARBORETUM DR E
SEATTLE,WA98112 		NONE PC EMPLOYEE DONATION MATCH 100

LOWER CAPE OUTREACH COUNCIL INC

19 BREWSTER CROSS ROAD
ORLEANS,MA02653 		NONE PC EMPLOYEE DONATION MATCH 100

MSPCA-ANGELL

350 SOUTH HUNTINGTON AVENUE
JAMAICA PLAIN,MA02130 		NONE PC EMPLOYEE DONATION MATCH 50

SUSAN G KOMEN FOR THE CURE

13770 NOEL ROAD SUITE 801889
DALLAS,TX75380 		NONE PC EMPLOYEE DONATION MATCH 605

LEGAL DEFENSE FUND

40 RECTOR STREET
NEW YORK,NY10006 		NONE PC EMPLOYEE DONATION MATCH 26

CANINES FOR DISABLED KIDS

65 JAMES STREET 210
WORCESTER,MA01603 		NONE PC EMPLOYEE DONATION MATCH 54

ANTI-DEFAMATION LEAGUE

605 THIRD AVENUE
NEW YORK,NY10158 		NONE PC EMPLOYEE DONATION MATCH 52

SIMON WIESENTHAL CENTER

1399 S ROXBURY DR
LOS ANGELES,CA90035 		NONE PC EMPLOYEE DONATION MATCH 56
Total .................................right arrow 3a 28,045
bApproved for future payment
Total ................................. right arrow 3b 0
Form 990-PF (2024)
Form 990-PF (2024)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		    14 126,979  
4 Dividends and interest from securities ....     14 779,980  
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....          
6 Net rental income or (loss) from personal property          
7 Other investment income .....     15 6,239,293  
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 -1,768  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aEDUCATION/LEARNING PROGRAMS 		        2,072,178
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 0 7,144,484 2,072,178
13Total. Add line 12, columns (b), (d), and (e)..................
13
9,216,662
(See worksheet in line 13 instructions to verify calculations.)
Part XV-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
DownArrow 		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
instructions.)
11A JBJS PUBLISHES INFORMATION ABOUT THE MUSCULOSKELETAL SYSTEM, INCLUDING RELATED CME ACTIVITIES, LEARNING SYSTEMS, AND LIVE COURSES AND EVENTS TO ASSIST ORTHOPEDISTS WITH CERTIFICATION AND RECERTIFICATION PROCESS.
Form 990-PF (2024)
Form 990-PF (2024)
Page 13
Part XVI
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
1
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Yes
No
a
Transfers from the reporting foundation to a noncharitable exempt organization of:
(1) Cash...................................
1a(1)
 
No
(2) Other assets.................................
1a(2)
 
No
b
Other transactions:
(1) Sales of assets to a noncharitable exempt organization....................
1b(1)
 
No
(2) Purchases of assets from a noncharitable exempt organization..................
1b(2)
 
No
(3) Rental of facilities, equipment, or other assets.......................
1b(3)
 
No
(4) Reimbursement arrangements...........................
1b(4)
 
No
(5) Loans or loan guarantees.............................
1b(5)
 
No
(6) Performance of services or membership or fundraising solicitations................
1b(6)
 
No
c
Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
1c
 
No
d
If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
(a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
2a
Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
b
If "Yes," complete the following schedule.

(a) Name of organization (b) Type of organization (c) Description of relationship
Sign Here
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
right arrow right arrow
May the IRS discuss this return
with the preparer shown below?
See instructions.
Signature of officer or trustee Date Title
Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date Check if self-
employed right arrow		 PTIN
Firm's name Right Arrow
 Firm's EIN Right Arrow
Firm's address Right Arrow


 Phone no.
Form 990-PF (2024)
Additional Data


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description

TY 2024 AccountingFeesSchedule
Name:
THE JOURNAL OF BONE AND JOINT
 
SURGERY INC
EIN:
04-2104359
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING 60,000 0 0 60,000

TY 2024 InvestmentsCorpStockSchedule
Name:
THE JOURNAL OF BONE AND JOINT
 
SURGERY INC
EIN:
04-2104359
Name of Stock End of Year Book Value End of Year Fair Market Value
MUTUAL FUNDS - FIXED INCOME 9,880,815 9,880,815
MUTUAL FUNDS - EQUITIES 13,672,341 13,672,341
MUTUAL FUNDS - REAL ESTATE 1,452,752 1,452,752

TY 2024 InvestmentsOtherSchedule2
Name:
THE JOURNAL OF BONE AND JOINT
 
SURGERY INC
EIN:
04-2104359
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
INVESTMENT IN ORTHOEVIDENCE, INC. FMV 695,142 695,142

TY 2024 LegalFeesSchedule
Name:
THE JOURNAL OF BONE AND JOINT
 
SURGERY INC
EIN:
04-2104359
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
LEGAL 38,608 0 0 38,608


TY 2024 OtherAssetsSchedule
Name:
THE JOURNAL OF BONE AND JOINT
 
SURGERY INC
EIN:
04-2104359
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
CAPITALIZED PROGRAM COSTS 225,391 210,604 210,604
GOODWILL 335,250 260,750 260,750
OFFICE LEASE DEPOSIT 52,332 52,332 52,332
RIGHT OF USE ASSSET 1,081,247 763,568 763,568


TY 2024 OtherDecreasesSchedule
Name:
THE JOURNAL OF BONE AND JOINT
 
SURGERY INC
EIN:
04-2104359
Description Amount
UNREALIZED LOSSES ON CURRENCY ADJUSTMENTS 62,156


TY 2024 OtherExpensesSchedule
Name:
THE JOURNAL OF BONE AND JOINT
 
SURGERY INC
EIN:
04-2104359
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ROYALTIES PAID 46,323 0 46,323 0
OFFICE COSTS AND SUPPLIES 51,386 0 1,306 50,080
MARKETING 244,490 0 100 244,390
INSURANCE 54,048 0 0 54,048
TELEPHONE AND INTERNET 23,757 0 0 23,757
BANK FEES 64,602 0 21,331 43,270
INFORMATION TECHNOLOGY 129,728 0 1,425 128,303
ACCRUAL TO CASH ADJUSTMENT 0 0 0 311,942


TY 2024 OtherIncomeSchedule2
Name:
THE JOURNAL OF BONE AND JOINT
 
SURGERY INC
EIN:
04-2104359
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
ROYALTY FROM PUBLISHER 6,239,293 6,239,293  
EDUCATION/LEARNING PROGRAMS 2,072,178   2,072,178


TY 2024 OtherIncreasesSchedule
Name:
THE JOURNAL OF BONE AND JOINT
 
SURGERY INC
EIN:
04-2104359
Description Amount
UNREALIZED GAINS ON INVESTMENTS 1,438,207


TY 2024 OtherLiabilitiesSchedule
Name:
THE JOURNAL OF BONE AND JOINT
 
SURGERY INC
EIN:
04-2104359
Description Beginning of Year - Book Value End of Year - Book Value
OPERATING LEASE LIABILITIES 1,182,525 842,600


TY 2024 OtherProfessionalFeesSchedule
Name:
THE JOURNAL OF BONE AND JOINT
 
SURGERY INC
EIN:
04-2104359
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INVESTMENT MANAGEMENT FEES 58,496 58,496 0 0
OUTSIDE SERVICES 411,852 100,000 14,739 297,113


TY 2024 TaxesSchedule
Name:
THE JOURNAL OF BONE AND JOINT
 
SURGERY INC
EIN:
04-2104359
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FEDERAL EXCISE TAXES 90,500 0 0 0