Musculoskeletal Orthopedic Research And Education Foundation
- Assets
- $861.7k
- Revenue
- $682.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Phoenix, AZ
- Founding
- 09/2011
- Data as of
- 12/2022
- EIN
- 27-0170045
Organization Overview
Musculoskeletal Orthopedic Research And Education Foundation is located in Phoenix, AZ. The organization was established in 2011. According to its NTEE Classification (H90) the organization is classified as: Medical Disciplines 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. Musculoskeletal Orthopedic Research And Education 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, Musculoskeletal Orthopedic Research And Education Foundation generated $682.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (7.1%) each year. All expenses for the organization totaled $884.9k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (7.6%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
MORE FOUNDATION CONDUCTS PIONEERING RESEARCH THAT AIMS TO IDENTIFY AND DISSEMINATE NEW STANDARDS OF CARE IN THE TREATMENT OF MUSCULOSKELETAL AND NEUROLOGICAL DISORDERS. OUR CLINICAL TRIALS ARE OPTIMIZING METHODS TO REPLACE DAMAGED KNEE AND SHOULDER JOINTS AS WELL AS TO FIX FRACTURES RELATED TO TRAUMA AND AGING. OUR BIOMECHANICAL STUDIES PIONEER NEW ROBOTIC TECHNOLOGIES FOR SIMULATING THE FUNCTION OF JOINT REPLACEMENTS AND SEEK TO OPTIMIZE THE TREATMENTS OF FRACTURED BONES AND REPAIRED SOFT TISSUES. OUR NEUROLOGY EXPERTS ARE EXAMING THE EFFECTS OF REPEATED HEAD IMPACT ON THE DEVELOPING BRAIN OF YOUTH ATHLETES ENGAGED IN CONTACT SPORTS.
MORE FOUNDATION CONDUCTED MULTIPLE EDUCATIONAL PROGRAMS THAT EDUCATE SURGEONS, PHYSICIAN'S ASSISTANTS, AND REHABILITATION THERAPISTS FROM THE MEDICAL COMMUNITY IN CUTTING EDGE TREATMENT AND REHABILITATION TECHNIQUES. PROGRAMS INCLUDED GUEST PROFESSORS FROM RENOWNED INSTITUTIONS ACCROSS NORTH AMERICA LEADING LECTURES AND HANDS-ON TRAINING LABS.
MORE FOUNDATION IS PROUD TO GIVE BACK TO THE COMMUNITY BY CONDUCTING PROGRAMS THAT ENHANCE ACCESS TO HEALTHCARE RESOURCES AND KNOWLEDGE IN THE COMMUNITY. OUR VETERANS TRANSPORTATION PROGRAM PROVIDES RELIABLE RIDES TO VETERANS FROM ALL BRANCHES OF MILITARY TO AND FROM MEDICAL APPOINTMENTS THROUGHOUT MARICOPA COUNTY, WHILE OUR HELPING HANDS PROGRAM PROVIDES FREE PROSTHETIC LIMBS TO CHILDREN WITH UPPER LIMB DIFFERENCES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marc Jacofsky Executive Director | 20 | $0 | |
Melissa Addington Secretary Treasurer | 1 | $0 | |
Jason Scalise MD Chair | 1 | $0 | |
Dr Gunner Andersson Member | 1 | $0 | |
Jennifer Mcgreevy Member | 1 | $0 | |
Dr Wael Barsoum MD Vice Chair | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $161,834 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $520,542 |
| Total Revenue | $682,376 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $53,488 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $2,883 |
| Printing and publications | $0 |
| Other expenses | $110,944 |
| Total operating and administrative expenses | $869,897 |
| Contributions, gifts, grants paid | $15,000 |
| Total expenses and disbursements | $884,897 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $104,735 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $134,976 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $12,187 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $138,531 |
| Other assets | $471,280 |
| Total assets | $861,709 |
| Accounts payable and accrued expenses | $3,768 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $1,469,567 |
| Total liabilities | $1,473,335 |
Grants Awarded
Over the last fiscal year, Musculoskeletal Orthopedic Research And Education Foundation has awarded $21,324 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
396 TRIPS FOR 172 INDIVIDUALS PURPOSE: TRAVEL ASSISTANCE FOR MILITARY VETERANS' MEDICAL APPOINTMENTS | $16,400 |
1 INDIVIDUAL PURPOSE: FREE PROSTHETIC HANDS FOR CHILDREN | $4,924 |