Orthocarolina Research Institute Inc is located in Charlotte, NC. The organization was established in 2002. According to its NTEE Classification (H50) the organization is classified as: Nerve, Muscle & Bone Diseases Research, under the broad grouping of Medical Research and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Orthocarolina Research Institute Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Orthocarolina Research Institute Inc generated $2.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.7% each year. All expenses for the organization totaled $2.3m during the year ending 12/2021. While expenses have increased by 5.2% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE, DEVELOP AND CONDUCT STATE OF THE ART SCIENTIFIC RESEARCH AND EDUCATIONAL PROGRAMS FOR THE ADVANCEMENT OF ORTHOPEDIC CARE. OCRI WORKS BOTH INDEPENDENTLY AS WELL AS IN COLLABORATIONS WITH UNIVERSITIES, HOSPITALS, PHARMACEUTICAL AND DEVICE COMPANIES AND OTHER ACADEMIC AND RESEARCH ORGANIZATIONS TO FURTHER PROMOTE THE MISSION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE INSTITUTE'S MISSION AND PRIORITIES ARE CENTRALLY FOCUSED ON (1) IMPROVED ORTHOPEDIC PATIENT CARE AND (2) HIGH QUALITY EVIDENCE-BASED RESEARCH TO DEVELOP NEW AND INNOVATIVE ORTHOPEDIC DEVICES AND TECHNOLOGIES WHOSE GOAL IS TO ANSWER CLINICAL QUESTIONS FOR IMPROVED OUTCOMES. THE INSTITUTE LEADS ONGOING FDA-REGULATED CLINICAL TRIALS AND INVESTIGATOR-INITIATED SCIENTIFIC ACADEMIC STUDIES. RESEARCH IS DISSEMINATED THROUGH PEER REVIEWED JOURNAL PUBLICATIONS WITH GREATER THAN 85 PUBLICATIONS ANNUALLY.
OPERATION WALK CAROLINAS PROVIDES HIP AND KNEE JOINT REPLACEMENT SURGERIES AT NO COST TO PATIENTS IN UNDERSERVED COUNTRIES WHO HAVE NO ACCESS TO THIS LEVEL OF CARE. IN ADDITION, THE MEDICAL TEAM SPENDS TIME TEACHING THE ORTHOPEDIC SURGEONS, NURSES, PHYSICAL THERAPISTS AND OTHER HEALTHCARE PROFESSIONALS IN THAT COUNTRY ON THE MOST ADVANCED TECHNIQUES AND TREATMENTS FOR DISEASES OF THE HIP AND KNEE JOINTS IN ORDER TO BETTER SERVE THEIR PATIENTS. HEALTHCARE PROFESSIONALS FROM THE CHARLOTTE AREA NON-PROFIT HOSPITAL SYSTEMS COLLABORATE WITH THE ORTHOCAROLINA PHYSICIAN TEAM TO COMPLETE SURGERIES ON THOSE MOST SEVERE CASES.
THE INSTITUTE'S MISSION IS FOCUSED ON ADVANCING BOTH RESEARCH AND EDUCATION IN ORTHOPEDICS. THE ORTHOCAROLINA RESEARCH INSTITUTE HOSTS AN EDUCATIONAL CME (CONTINUING MEDICAL EDUCATION) SYMPOSIUM, KNOWN AS OSCAR MILLER DAY, FOR 350-400 ORTHOPEDIC PROVIDERS AND ALLIED HEALTH CARE PROFESSIONALS EACH YEAR. THIS SYMPOSIUM IS OVER 40 YEARS OLD AND IS MARKETED TO THE SOUTH EASTERN U.S. TOPICS ARE ROTATED ANNUALLY.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Christi Cadd Executive Director | Officer | 45 | $130,590 |
William Griffin MD Chairman | OfficerTrustee | 1.5 | $0 |
Walter B Beaver MD Director | Trustee | 0.1 | $0 |
Patrick M Connor MD Director | Trustee | 0.1 | $0 |
John L Fraley Jr Director | Trustee | 0.1 | $0 |
Richard E Thigpen Director | Trustee | 0.1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $17,239 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $1,998,487 |
Noncash contributions included in lines 1a–1f | $160,000 |
Total Revenue from Contributions, Gifts, Grants & Similar | $2,015,726 |
Total Program Service Revenue | $889,967 |
Investment income | $0 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | -$6,126 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $2,899,567 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $160,000 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $0 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $0 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $0 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $19,863 |
Advertising and promotion | $745 |
Office expenses | $21,319 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $35,170 |
Travel | $5,989 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $21,923 |
All other expenses | $85,345 |
Total functional expenses | $2,251,473 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $501,818 |
Savings and temporary cash investments | $5,087 |
Pledges and grants receivable | $700,000 |
Accounts receivable, net | $391,756 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $34,967 |
Net Land, buildings, and equipment | $0 |
Investments—publicly traded securities | $0 |
Investments—other securities | $3,048,292 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $16,000 |
Total assets | $4,697,920 |
Accounts payable and accrued expenses | $277,447 |
Grants payable | $0 |
Deferred revenue | $0 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $0 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $0 |
Total liabilities | $277,447 |
Net assets without donor restrictions | $3,014,342 |
Net assets with donor restrictions | $1,406,131 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Retained earnings, endowment, accumulated income, or other funds | $0 |
Total liabilities and net assets/fund balances | $4,697,920 |
Over the last fiscal year, we have identified 6 grants that Orthocarolina Research Institute Inc has recieved totaling $491,626.
Awarding Organization | Amount |
---|---|
Duke Endowment Charlotte, NC PURPOSE: TO REDUCE OPIOID PRESCRIPTIONS BY TESTING AND EVALUATING OPIOID-FREE SURGICAL PROCEDURES AND TO DISSEMINATE FINDINGS NATIONALLY. | $300,000 |
Foundation For The Carolinas Charlotte, NC PURPOSE: CHARITABLE GIFT | $124,744 |
American Orthopaedic Foot & Ankle Society Rosemont, IL PURPOSE: 2021 FELLOWSHIP GRANT | $33,455 |
Mayo Clinic Rochester, MN PURPOSE: SUPPORT CHARITABLE PROGRAMS | $26,764 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HEALTH | $6,500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $163 |
Organization Name | Assets | Revenue |
---|---|---|
Orthocarolina Research Institute Inc Charlotte, NC | $4,697,920 | $2,899,567 |
Cmt Research Foundation Inc Atlanta, GA | $2,731,283 | $1,687,608 |
The Hawkins Foundation Greenville, SC | $716,420 | $1,020,383 |
Hinri Labs Inc Atlanta, GA | $567,106 | $658,184 |
American Bone Health Raleigh, NC | $504,031 | $955,795 |
Jordan Research Foundation Virginia Beach, VA | $371,366 | $282,143 |
Biodynamic Craniosacral Therapy Association Of North America Raleigh, NC | $110,337 | $0 |
Tennessee Orthopaedic Foundation For Education And Research Tofer Knoxville, TN | $20,669 | $0 |
The Georgia Foundation For Physical Therapy Inc Smyrna, GA | $177,535 | $0 |
Tarlov Cyst Disease Foundation Knoxville, TN | $172,554 | $0 |
Education And Research Foundation Columbia, SC | $92,107 | $0 |
Nashville Sports Medicine Foundation Inc Nashville, TN | $2,993 | $0 |