Setting Scoliosis Straight Foundation
- Assets
- $5.5m
- Revenue
- $963.0k
- Investments
- $0.0
- Employees
- 18
- Location
- El Cajon, CA
- Founding
- 04/2009
- Data as of
- 12/2022
- EIN
- 26-2957475
Organization Overview
Setting Scoliosis Straight Foundation is located in El Cajon, CA. The organization was established in 2009. 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. As of 12/2022, Setting Scoliosis Straight Foundation employed 18 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Setting Scoliosis Straight 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 12/2022, Setting Scoliosis Straight Foundation generated $963.0k 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 (10.9%) each year. All expenses for the organization totaled $1.6m during the year ending 12/2022. 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
THE SPECIFIC PURPOSES OF THIS CORPORATION ARE TO ADVANCE THE ART AND SCIENCE OF MEDICINE IN THE SPECIALITY OF ORTHOPEDICS WITH AN EMPHASIS ON SPINAL DEFORMITIES IN PEDIATRICS BY FURTHERING EDUCATION OF MEDICAL PRACTITIONERS AND PATIENTS, SUPPORTING AND CONDUCTING RESEARCH PROJECTS AND CLINICAL ACTIVITIES, AND ENGAGING IN ANY OTHER RELATED ACTIVITIES IN FURTHERANCE OF THESE CHARITABLE, EDUCATIONAL AND PUBLIC PURPOSES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO ADVANCE THE TREATMENT OF SCOLIOSIS AND SPINAL DEFORMITY FOR CHILDREN THROUGH RESEARCH AND EDUCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michelle Marks Secretary | OfficerTrustee | 40 | $142,238 |
Suken Shah MD President | OfficerTrustee | 1 | $0 |
Firoz Miyanji MD VP Of Research | Trustee | 1 | $0 |
Amer Samdani MD VP Of Education | Trustee | 1 | $0 |
Peter Newton MD Executive Dir. | Trustee | 1 | $0 |
David Clements MD Executive Dir. | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $47,464 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $230,265 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $277,729 |
| Total Program Service Revenue | $1,326,252 |
| Investment income | -$620,858 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$24,776 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $4,608 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $962,955 |
| 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. | $142,238 |
| Compensation of current officers, directors, key employees. | $78,235 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $541,395 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $125,140 |
| Payroll taxes | $59,692 |
| Fees for services: Management | $8,248 |
| Fees for services: Legal | $4,965 |
| Fees for services: Accounting | $12,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,542 |
| Advertising and promotion | $1,688 |
| Office expenses | $1,276 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $6,227 |
| Travel | $11,757 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,733 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $17,080 |
| All other expenses | $14,855 |
| Total functional expenses | $1,607,410 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $19,676 |
| Savings and temporary cash investments | $2,174,016 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $363,782 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $3,626 |
| Prepaid expenses and deferred charges | $36,703 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $2,885,396 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,483,199 |
| Accounts payable and accrued expenses | $210,166 |
| Grants payable | $0 |
| Deferred revenue | $415,422 |
| 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 | $625,588 |
| Net assets without donor restrictions | $4,857,611 |
| 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 | $5,483,199 |