Orthocarolina Research Institute Inc

Organization Overview

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.

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.


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Board, Officers & Key Employees

Name (title)Compensation
Christi Cadd
Executive Director
$130,590
William Griffin MD
Chairman
$0
Walter B Beaver MD
Director
$0
Patrick M Connor MD
Director
$0
John L Fraley Jr
Director
$0
Richard E Thigpen
Director
$0

Financial Statements

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

Grants Recieved

Over the last fiscal year, we have identified 6 grants that Orthocarolina Research Institute Inc has recieved totaling $491,626.

Awarding OrganizationAmount
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
View Grant Recipient Profile

Endowment Analysis

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