Foundation Of Orthopedics And Complex Spine Inc
- Assets
- $1.4m
- Revenue
- $740.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Garden City, NY
- Founding
- 09/1999
- Data as of
- 12/2022
- EIN
- 13-4047356
Organization Overview
Foundation Of Orthopedics And Complex Spine Inc is located in Garden City, NY. The organization was established in 1999. 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. Foundation Of Orthopedics And Complex Spine 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 12/2022, Foundation Of Orthopedics And Complex Spine Inc generated $740.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (16.6%) each year. All expenses for the organization totaled $823.5k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (13.0%) per year over the past 8 years. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO OBTAIN RESOURCES OF HUMAN CAPITAL, MONITARY, IN-KIND, RESTRICTED AND NON-RESTRICTED GIFTS AND GRANTS TO HELP PROVIDE ACCESS TO OPTIMAL ORTHOPEDIC AND SPINE CARE FOR THE UNDERSERVED IN GHANA AND OTHER COUNTRIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE ACCESS TO OPTIMUM SURGICAL AND NON SURGICAL CARE IN GHANA AND OTHER COUNTRIES FOR UNDERSERVED INDIVIDUALS WITH DISABLING MUSCULOSKELETAL DISORDERS, INCLUDING COMPLEX SPINE DEFORMITIES, JOINT DISABILITIES, AND PEDIATRIC ORTHOPEDIC AILMENTS; AND TO SUPPORT RESEARCH EFFORTS TO ACQUIRE THE KNOWLEDGE TO ADVANCE THE DIAGNOSIS TREATMENT, PREVENTION, AND CONTROL OF INJURIES AND DISEASES TO THE MUSCULOSKELETAL SYSTEM, PARTICULARLY THE SPINE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Oheneba Boachie-Adjei MD Founder And CEO | OfficerTrustee | 1 | $0 |
Kwadwo Boachie-Adjei Chairman | OfficerTrustee | 1 | $0 |
Edward Baiden Treasurer | OfficerTrustee | 1 | $0 |
Rolan Akosah Director | Trustee | 1 | $0 |
Mary Anne Choo Director | Trustee | 1 | $0 |
Andrew Cohn Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $6,200 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $611,144 |
| Noncash contributions included in lines 1a–1f | $339,636 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $617,344 |
| Total Program Service Revenue | $0 |
| Investment income | $1,250 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $122,335 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $740,929 |
| 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 | $208,161 |
| 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 | $51,377 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $47,000 |
| Fees for services: Accounting | $20,060 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $18,289 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,344 |
| 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 | $3,552 |
| All other expenses | $18,787 |
| Total functional expenses | $823,462 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,027,831 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $93,489 |
| Accounts receivable, net | $0 |
| 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 | $4,040 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $262,011 |
| Total assets | $1,387,371 |
| Accounts payable and accrued expenses | $121,432 |
| 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 | $121,432 |
| Net assets without donor restrictions | $499,933 |
| Net assets with donor restrictions | $766,006 |
| 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 | $1,387,371 |
Grants Awarded
Over the last fiscal year, Foundation Of Orthopedics And Complex Spine Inc has awarded $10,750 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN ACADEMY OF ORTHOPEDIC SURGEONS PURPOSE: SCHOLARSHIP FOR ORTHOPEDIC RESIDENTS FROM WEST AFRICA | $5,000 |
WE CAN LEAD PURPOSE: EDUCATIONAL ASSISTANCE AND INTERNATIONAL DEVELOPMENT, RELIEF SERVICES | $750 |
CURVY GIRLS FOUNDATION INC PURPOSE: ENCOURAGE SPONSORSHIP | $5,000 |