Journal Of Bone And Joint Surgery Inc
- Assets
- $28.2m
- Revenue
- $9.2m
- Investments
- $23.6m
- Employees
- 34
- Location
- Needham, MA
- Founding
- 02/1956
- Data as of
- 12/2023
- EIN
- 04-2104359
Organization Overview
Journal Of Bone And Joint Surgery Inc is located in Needham, MA. The organization was established in 1956. According to its NTEE Classification (A33) the organization is classified as: Printing & Publishing, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2023, Journal Of Bone And Joint Surgery Inc employed 34 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Journal Of Bone And Joint Surgery 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 12/2023, Journal Of Bone And Joint Surgery Inc generated $9.2m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.4%) each year. All expenses for the organization totaled $9.4m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (2.4%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Journal Of Bone And Joint Surgery Inc has awarded 120 individual grants totaling $214,083. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
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".
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.
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joshua Jacobs MD Chair | 5 | $15,000 | |
James Carpenter MD Vice-Chair | 2 | $15,000 | |
Judith Baumhauer MD Treasurer | 2 | $15,000 | |
Thomas Vail MD Secretary | 2 | $15,000 | |
Frank Cutitta Trustee | 2 | $15,000 | |
John Flynn Trustee | 2 | $15,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
University Of Mn Physicians | 12/30/23 | $656,478 |
Focus Technology | 12/30/23 | $271,476 |
Area9 Innovation Inc | 12/30/23 | $191,064 |
Area9 Lyceum Inc | 12/30/23 | $90,939 |
Codearium Inc | 12/30/23 | $78,356 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $45,000 |
| Interest on Savings | $135,513 |
| Dividends & Interest | $646,427 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $325,493 |
| Capital Gain Net Income | $348,216 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $8,051,331 |
| Total Revenue | $9,203,764 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $176,250 |
| Other employee salaries and wages | $3,483,980 |
| Pension plans, employee benefits | $873,081 |
| Interest | $0 |
| Taxes | $100,500 |
| Depreciation | $634,753 |
| Occupancy | $379,947 |
| Travel, conferences, and meetings | $215,336 |
| Printing and publications | $2,394,853 |
| Other expenses | $572,029 |
| Total operating and administrative expenses | $9,370,414 |
| Contributions, gifts, grants paid | $29,337 |
| Total expenses and disbursements | $9,399,751 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,539,841 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $127,884 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $310,769 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $754,336 |
| Net Land, buildings, and equipment | $918,651 |
| Other assets | $1,694,220 |
| Total assets | $28,189,187 |
| Accounts payable and accrued expenses | $1,064,983 |
| Grants payable | $0 |
| Deferred revenue | $939,045 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $1,182,525 |
| Total liabilities | $3,186,553 |
Grants Awarded
Over the last fiscal year, Journal Of Bone And Joint Surgery Inc has awarded $29,337 in support to 22 organizations.
| Grant Recipient | Amount |
|---|---|
ALS THERAPY INSTITUTE PURPOSE: EMPLOYEE DONATION MATCH | $100 |
ALL HANDS AND HEARTS PURPOSE: EMPLOYEE DONATION MATCH | $73 |
AMNESTY INTERNATIONAL USA PURPOSE: EMPLOYEE DONATION MATCH | $425 |
BUDDY DOG HUMANE SOCIETY PURPOSE: EMPLOYEE DONATION MATCH | $50 |
AMERICAN JEWISH WORLD SERVICE PURPOSE: EMPLOYEE DONATION MATCH | $216 |
ANIMAL RESCUE LEAGUE PURPOSE: EMPLOYEE DONATION MATCH | $50 |