Perry Initiative
- Assets
- $481.3k
- Revenue
- $530.1k
- Investments
- $0.0
- Employees
- 15
- Location
- Newark, DE
- Founding
- 08/2011
- Data as of
- 12/2023
- EIN
- 27-3728166
Organization Overview
Perry Initiative is located in Newark, DE. The organization was established in 2011. According to its NTEE Classification (B03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Education and related organizations. As of 12/2023, Perry Initiative employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Perry Initiative 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 12/2023, Perry Initiative generated $530.1k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 6.4% each year. All expenses for the organization totaled $439.3k during the year ending 12/2023. While expenses have increased by 6.7% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE PERRY INITIATIVE WAS FORMED TO PROMOTE THE ADVANCEMENT OF WOMEN IN ORTHOPAEDIC SURGERY AND ENGINEERING THROUGH MENTORSHIP, STRATEGIC RESEARCH AND ADVOCACY, AND COMMUNITY OUTREACH. THE PERRY INITIATIVE STRIVES TO DEVELOP FUTURE LEADERS IN THE FIELDS OF ORTHOPAEDIC SURGERY AND ENGINEERING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PERRY INITIATIVE IS A NON-PROFIT ORGANIZATION THAT INSPIRES YOUNG WOMEN TO PURSUE CAREERS IN ORTHOPAEDICS THROUGH DAY-LONG OUTREACH PROGRAMS, PERRY OUTREACH PROGRAM - POP FOR HIGH SCHOOL STUDENTS AND FOR FIRST AND SECOND YEAR MEDICAL STUDENTS MEDICAL STUDENT OUTREACH PROGRAM - MSOP. BOTH POP AND MSOP FEATURE LABORATORY-BASED WORKSHOPS THAT INTRODUCE SURGICAL AND ENGINEERING SKILLS ALONG WITH SMALL-GROUP MENTORING FROM PROMINENT WOMEN SURGEONS, BIOMEDICAL ENGINEERS, AND BUSINESS PROFESSIONALS IN ORTHOPAEDICS PROGRAM EVALUATION RESULTS INDICATE THAT BOTH POP AND MSOP ARE EFFECTIVE IN BUILDING THE PIPELINE FOR WOMEN IN THE ORTHOPAEDICS WORKFORCE. FOLLOW UP STUDIES HAVE SHOWN THAT 85 OF POP ALUMNAE ARE PURSUING STEM MAJORS AT THE COLLEGE LEVEL, WITH 25 IN ENGINEERING AND 60 IN THE BIOSCIENCES. THE MSOP HAS HAD A SIMILAR POSITIVE EFFECT ON FIRST AND SECOND YEAR MEDICAL STUDENTS' INTENTIONS TO PURSUE CAREERS IN ORTHOPAEDICS. AFTER PARTICIPATING IN THE PROGRAM, 90 OF THE STUDENTS WHO WERE INITIALLY UNDECIDED ON A SPECIALTY, 100 OF THOSE INITIALLY CONSIDERING ANOTHER SPECIALTY, AND 96 OF THOSE WHO WERE INITIALLY CONSIDERING ORTHOPAEDIC SURGERY INDICATED THAT THEY WERE NOW CONSIDERING OR STRONGLY CONSIDERING APPLYING TO ORTHOPAEDIC SURGERY RESIDENCY PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Laurie Meszaros Dearolf PHD Executive Dir. | OfficerTrustee | 40 | $73,645 |
Traci Beeson Executive Dir. | OfficerTrustee | 40 | $12,167 |
Lisa Lattanza MD Co-President | OfficerTrustee | 1 | $0 |
Kathy Coyner MD Treasurer | OfficerTrustee | 1 | $0 |
Jenni Buckley PHD Co-President | OfficerTrustee | 1 | $0 |
Haydee Brown MD Director | Trustee | 1 | $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 | $209,073 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $209,073 |
| Total Program Service Revenue | $143,850 |
| Investment income | $9,010 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $166,354 |
| 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 | $530,101 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $21,752 |
| Grants and other assistance to domestic individuals. | $2,700 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $96,049 |
| Compensation of current officers, directors, key employees. | $3,842 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $47,484 |
| Pension plan accruals and contributions | $3,097 |
| Other employee benefits | $942 |
| Payroll taxes | $10,835 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $12,510 |
| Fees for services: Accounting | $11,252 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $46,901 |
| Advertising and promotion | $0 |
| Office expenses | $11,923 |
| Information technology | $13,240 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $57,671 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $22,953 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,233 |
| All other expenses | $0 |
| Total functional expenses | $439,336 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $86,497 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $82,201 |
| 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 | $0 |
| Investments—publicly traded securities | $312,553 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $481,251 |
| Accounts payable and accrued expenses | $12,237 |
| Grants payable | $0 |
| 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 | $12,237 |
| Net assets without donor restrictions | $469,014 |
| 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 | $481,251 |