Foundation For Physical Medicine And Rehabilitation
- Assets
- $2.7m
- Revenue
- $430.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Rosemont, IL
- Founding
- 03/2003
- Data as of
- 12/2022
- EIN
- 04-3630273
Organization Overview
Foundation For Physical Medicine And Rehabilitation is located in Rosemont, IL. The organization was established in 2003. According to its NTEE Classification (H12) the organization is classified as: Fund Raising & Fund Distribution, 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. Foundation For Physical Medicine And Rehabilitation 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 12/2022, Foundation For Physical Medicine And Rehabilitation generated $430.2k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.4% each year. All expenses for the organization totaled $361.1k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Foundation For Physical Medicine And Rehabilitation has awarded 82 individual grants totaling $1,143,672. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION'S MISSION IS TO ENHANCE HEALTH AND FUNCTION THROUGH EDUCATION AND RESEARCH IN THE FIELD OF PHYSICAL MEDICINE AND REHABILIATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION FOR PHYSICAL MEDICINE AND REHABILITATION IS DEDICATED TO RESTORING HEALTH, IMPROVING FUNCTION, MINIMIZING PAIN AND ENHANCING QUALITY OF LIFE FOR INDIVIDUALS WITH DISABILITY THROUGH RESEARCH AND EDUCATION IN PHYSICAL MEDICINE AND REHABILITATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sam Wu MD MPH Mha Treasurer | OfficerTrustee | 2 | $0 |
Bruce E Becker MD Past-President | OfficerTrustee | 2 | $0 |
Diana D Cardenas MD President | OfficerTrustee | 2 | $0 |
Felicia Ambrose MD Secretary | OfficerTrustee | 2 | $0 |
Thiru Annaswamy MD Director-At-Large (outgoing) | Trustee | 0 | $0 |
N Lynn Gerber MD Director-At-Large (outgoing) | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $8,500 |
| Related organizations | $0 |
| Government grants | $16,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $237,552 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $262,052 |
| Total Program Service Revenue | $0 |
| Investment income | $87,813 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $80,960 |
| Net Income from Fundraising Events | -$669 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $430,156 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $122,371 |
| Grants and other assistance to domestic individuals. | $8,400 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $152,801 |
| Compensation of current officers, directors, key employees. | $34,251 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $10,101 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,538 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $19,587 |
| Fees for services: Investment Management | $12,867 |
| Fees for services: Other | $5,266 |
| Advertising and promotion | $0 |
| Office expenses | $5,001 |
| Information technology | $7,235 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $4,581 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $11,235 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $114 |
| Total functional expenses | $361,097 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $158,845 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $25,245 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $2,481,205 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $16,741 |
| Total assets | $2,682,036 |
| Accounts payable and accrued expenses | $38,291 |
| 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 | $21,677 |
| Total liabilities | $59,968 |
| Net assets without donor restrictions | $1,454,986 |
| Net assets with donor restrictions | $1,167,082 |
| 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 | $2,682,036 |
Grants Awarded
Over the last fiscal year, Foundation For Physical Medicine And Rehabilitation has awarded $118,000 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
ASSOCIATION OF ACADEMIC PHYSIATRISTS PURPOSE: 2022 RREMS PROGRAM GRANT | $12,000 |
SPAULDING REHABILITATION HOSPITAL PURPOSE: 2022 MATERSON ERF RESEARCH GRANT | $10,000 |
SHIRLEY RYAN ABILITY LAB PURPOSE: 2022 MATERSON ERF RESEARCH GRANT | $10,000 |
UNIVERSITY OF UTAH PURPOSE: 2022 SCOTT NADLET RESEARCH GRANT | $30,000 |
UNIVERSITY OF TEXAS HEALTH SCIENCE PURPOSE: 2022 MIDCAREER INVESTIGATOR GRANT | $20,000 |
CRAIG HOSPITAL FOUNDATION PURPOSE: 2022 MATERSON ERF RESEARCH GRANT | $10,000 |