Tria Orthopaedic Center Research Institute
- Assets
- $166.9k
- Revenue
- $691.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Bloomington, MN
- Founding
- 10/2006
- Data as of
- 12/2021
- EIN
- 20-0033919
Organization Overview
Tria Orthopaedic Center Research Institute is located in Bloomington, MN. The organization was established in 2006. 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. Tria Orthopaedic Center Research Institute 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, Tria Orthopaedic Center Research Institute generated $691.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.6% each year. All expenses for the organization totaled $1.8m during the year ending 12/2021. While expenses have increased by 2.6% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
IMPROVE PATIENT CARE AND ENHANCE THE MEDICAL PROFESSION THROUGH EDUCATION AND RESEARCH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O - EXEMPT PURPOSE AND ACHIEVEMENTS FOR A DESCRIPTION OF PROGRAM SERVICE ACCOMPLISHMENTS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Deborah C Bohn MD Treasurer | OfficerTrustee | 3 | $0 |
Gary Fetzer MD Secretary | OfficerTrustee | 3 | $0 |
Bradley Nelson MD Chair | OfficerTrustee | 3 | $0 |
Steve C Housh Director | Trustee | 3 | $0 |
Marc Tompkins MD Director | Trustee | 3 | $0 |
Nico P Pronk PHD Director | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $195,795 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $195,795 |
| Total Program Service Revenue | $495,383 |
| 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 | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $691,178 |
| 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 | $0 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,238,322 |
| Advertising and promotion | $5,826 |
| Office expenses | $2,613 |
| Information technology | $11,528 |
| Royalties | $0 |
| Occupancy | $296,283 |
| Travel | $3,725 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $53,946 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $10,052 |
| All other expenses | $0 |
| Total functional expenses | $1,839,120 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,201 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $160,852 |
| 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 | $833 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $166,886 |
| Accounts payable and accrued expenses | $10,288,790 |
| Grants payable | $0 |
| Deferred revenue | $3,050 |
| 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 | $10,291,840 |
| Net assets without donor restrictions | -$10,124,954 |
| Net assets with donor restrictions | $0 |
| 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 | $166,886 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Tria Orthopaedic Center Research Institute has recieved totaling $7,452.
| Awarding Organization | Amount |
|---|---|
Arthroscopy Association Of North America Inc Rosemont, IL PURPOSE: Education | $7,452 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Scoliosis Research Society Milwaukee, WI | $19,613,993 | $4,690,080 |
Tria Orthopaedic Center Research Institute Bloomington, MN | $166,886 | $691,178 |
Twin Cities Orthopedics Foundation Golden Valley, MN | $320,872 | $635,273 |
Mars Research Inc Gilbert, IA | $58,510 | $0 |
Clear Scoliosis Institute St Cloud, MN | $61,929 | $141,167 |
Foundation For Advancement Of Spinal Knowledge Minneapolis, MN | $270,868 | $0 |
Bennett Clayton Foundation For Children With Oi St Peter, MN | $578,175 | $4,151 |