Foundation For Physical Therapy Research Inc
- Assets
- $23.8m
- Revenue
- $2.7m
- Investments
- $0.0
- Employees
- 0
- Location
- Alexandria, VA
- Founding
- 03/1960
- Data as of
- 12/2022
- EIN
- 13-6161225
Organization Overview
Foundation For Physical Therapy Research Inc is located in Alexandria, VA. The organization was established in 1960. According to its NTEE Classification (E50) the organization is classified as: Rehabilitative Care, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Foundation For Physical Therapy Research 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 For Physical Therapy Research Inc generated $2.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.4% each year. All expenses for the organization totaled $2.2m during the year ending 12/2022. While expenses have increased by 1.9% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
FUNDING PHYSICAL THERAPY RESEARCH THROUGH GRANTS, SCHOLARSHIPS AND FELLOWSHIPS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCIENTIFIC RESEARCH/GRANTS: THE FOUNDATION IS DEDICATED TO THE GOAL OF IMPROVING THE QUALITY AND DELIVERY OF PATIENT CARE. THE FOUNDATION ACCOMPLISHES THIS BY PROVIDING GRANT SUPPORT TO EMERGING INVESTIGATORS TO PROMOTE SCIENTIFICALLY BASED AND CLINICALLY RELEVANT RESEARCH RELATED TO THE EFFECTIVENESS OF PHYSICAL THERAPY PRACTICE. THE FOUNDATION CONTINUES TO SUPPORT RESEARCHERS AROUND THE COUNTRY WHO ARE NOW DEVELOPING NEW TREATMENTS AND APPROACHES IN MANY ARENAS, SUCH AS: ORTHOPEDICS, GERIATRICS, PEDIATRICS, NEUROLOGY, CHRONIC CONDITIONS, AND CARDIOLOGY. THE FOUNDATION HAS DEVELOPED AND FUNDED A CENTER OF EXCELLENCE, COHSTAR FOR HEALTH SERVICES/HEALTH POLICY RESEARCH AND TRAINING, DIRECTING $250,000 IN SUPPORT OF THE GRANT DURING 2022.
EDUCATIONAL: IN 2022, THE FOUNDATION AWARDED $325,000 IN SCHOLARSHIPS AND FELLOWSHIPS TO SUPPORT PHYSICAL THERAPISTS OR PHYSICAL THERAPISTS ASSISTANTS IN THEIR FIRST YEAR OF A POST-PROFESSIONAL DOCTORAL DEGREE PROGRAM (PODS I) AND POST-CANDIDACY PHASE OF POST-PROFESSIONAL DOCTORAL STUDIES (PODS II).
AWARENESS: THE FOUNDATION STRIVES TO RAISE AWARENESS OF FUNDING OPPORTUNITIES ON A WIDE RANGE OF PHYSICAL THERAPY RESEARCH AREAS AND ITS VITAL ROLE FOR PRACTICING PHYSICAL THERAPISTS WHICH RESULTS IN ADVANCING HEALTHCARE AND OPTIMIZING MOVEMENT OF PATIENTS AND INDIVIDUALS ACROSS ALL AGE AND DISEASE SPECTRUMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Rockar President/chair | OfficerTrustee | 12 | $0 |
Stuart Binder-Macleod Vice President | OfficerTrustee | 8 | $0 |
Donald Jackson Treasurer | OfficerTrustee | 8 | $0 |
Rebecca Craik Secretary | OfficerTrustee | 8 | $0 |
Drew Bossen Director | Trustee | 2 | $0 |
Terence Brown Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $537,779 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,201,730 |
| Noncash contributions included in lines 1a–1f | $50,408 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,739,509 |
| Total Program Service Revenue | $0 |
| Investment income | $423,675 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $534,246 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,697,430 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,137,107 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $243,650 |
| Compensation of current officers, directors, key employees. | $17,056 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $396,005 |
| Pension plan accruals and contributions | $9,568 |
| Other employee benefits | $94,602 |
| Payroll taxes | $46,489 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,348 |
| Fees for services: Accounting | $16,176 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $14,900 |
| Fees for services: Other | $61,640 |
| Advertising and promotion | $6,095 |
| Office expenses | $39,197 |
| Information technology | $54,457 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $32,519 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $28,623 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,382 |
| All other expenses | $7,833 |
| Total functional expenses | $2,223,112 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $439,072 |
| Savings and temporary cash investments | $1,112,329 |
| Pledges and grants receivable | $274,045 |
| Accounts receivable, net | $7,248 |
| 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 | $27,620 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $21,932,423 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $23,792,737 |
| Accounts payable and accrued expenses | $18,572 |
| Grants payable | $1,411,250 |
| 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 | $1,429,822 |
| Net assets without donor restrictions | $4,014,244 |
| Net assets with donor restrictions | $18,348,671 |
| 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 | $23,792,737 |