Rothman Institute Orthopaedic Foundation
- Assets
- $3.4m
- Revenue
- $561.0k
- Investments
- $332.7k
- Employees
- 0
- Location
- Philadelphia, PA
- Founding
- 08/1985
- Data as of
- 12/2021
- EIN
- 22-2620085
Organization Overview
Rothman Institute Orthopaedic Foundation is located in Philadelphia, PA. The organization was established in 1985. 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. Rothman Institute Orthopaedic Foundation 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, Rothman Institute Orthopaedic Foundation generated $561.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.1% each year. All expenses for the organization totaled $272.7k during the year ending 12/2021. 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
ROTHMAN INSTITUTE ORTHOPAEDIC FOUNDATION ENGAGES IN AND SUPPORTS BASIC SCIENTIFIC CLINICAL RESEARCH IN DISEASES OF THE SKELETAL SYSTEM AND RELATED ACTIVITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DIRECT RESEARCH EXPENDITURES AND REIMBURSEMENT OF COSTS TO THOMAS JEFFERSON UNIVERSITY HOSPITAL FOR APPROVED EXPENDITURES IN GENERAL RESEARCH ASSOCIATED WITH ORTHOPAEDIC RESEARCH STUDIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alexander Vaccaro President/director | OfficerTrustee | 0 | $0 |
Chelsey Conway Director | OfficerTrustee | 0 | $0 |
Debra Gruenstein ESQ Director | Trustee | 0 | $0 |
Bill Rosoff Director | Trustee | 0 | $0 |
Ray Pennacchia Director | Trustee | 0 | $0 |
Richard Barnhart Director | Trustee | 0 | $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 | $480,150 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $480,150 |
| Total Program Service Revenue | $45,287 |
| Investment income | $35,551 |
| 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 | $560,988 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $142,422 |
| 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 | $25,733 |
| 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 | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $594 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $272,727 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,447,353 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $162 |
| Investments—publicly traded securities | $1,665,344 |
| Investments—other securities | $332,749 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,124 |
| Total assets | $3,448,732 |
| Accounts payable and accrued expenses | $19,571 |
| Grants payable | $0 |
| Deferred revenue | $132,856 |
| 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 | $15,000 |
| Total liabilities | $167,427 |
| Net assets without donor restrictions | $1,764,938 |
| Net assets with donor restrictions | $1,516,367 |
| 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 | $3,448,732 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Rothman Institute Orthopaedic Foundation has recieved totaling $254,316.
| Awarding Organization | Amount |
|---|---|
Omega Medical Grants Association Rosemont, IL PURPOSE: FELLOWSHIP | $195,500 |
The Knee Society Inc Schaumburg, IL PURPOSE: RESEARCH | $25,000 |
Cervical Spine Research Society Inc Milwaukee, WI PURPOSE: RESEARCH GRANT | $15,000 |
Arthroscopy Association Of North America Inc Rosemont, IL PURPOSE: Education | $10,452 |
American Orthopaedic Foot & Ankle Society Rosemont, IL PURPOSE: 2021 FELLOWSHIP GRANT | $8,364 |
Endowment Analysis
| Beg. Balance | $1,577,919 |
| Earnings | $160,355 |
| Other Expense | $150 |
| Ending Balance | $1,738,124 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Association For Frontotemporal Degeneration King Of Prussia, PA | $44,796,969 | $12,057,958 |
Childrens Oncology Group Foundation Philadelphia, PA | $22,837,173 | $7,487,855 |
Hope For Depression Research Foundation New York, NY | $59,831,359 | $6,866,948 |
Israel Cancer Research Fund Inc New York, NY | $17,015,756 | $7,146,502 |
International Rett Syndrome Foundation Cincinnati, OH | $7,416,506 | $4,132,287 |
Fox Chase Cancer Center Foundation Philadelphia, PA | $63,333,365 | $6,307,847 |
Fraternal Order Of Eagles Foundation Grove City, OH | $12,562,333 | $4,443,136 |
Urology Care Foundation Inc Linthicum, MD | $76,869,441 | $7,067,880 |
Cancer Free Kids Pediatric Cancer Research Alliance Loveland, OH | $921,722 | $1,755,418 |
American Foundation For Children With Aids Inc Harrisburg, PA | $518,393 | $1,638,509 |
The Childrens Cancer Foundation Inc Columbia, MD | $1,439,343 | $1,526,844 |
The Naspghan Foundation Ambler, PA | $6,522,780 | $1,880,637 |