The Orthopedic Foundation
- Assets
- $1.3m
- Revenue
- $554.2k
- Investments
- $1.2m
- Employees
- 0
- Location
- Westerville, OH
- Founding
- 11/2000
- Data as of
- 12/2021
- EIN
- 31-1700139
Organization Overview
The Orthopedic Foundation is located in Westerville, OH. The organization was established in 2000. 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. Orthopedic 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, Orthopedic Foundation generated $554.2k in total revenue. All expenses for the organization totaled $420.7k during the year ending 12/2021. While expenses have increased by 57.1% 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
THE ORTHOPEDIC FOUNDATION IS A CHARITABLE ORGANIZATION DEDICATED TO IMPROVING THE QUALITY OF PATIENT CARE AND MEDICAL SERVICES THROUGH A COMMITMENT TO RESEARCH, EDUCATION, AND PREVENTION OF ORTHOPEDIC AND NEUROLOGIC DISORDERS.WE BELIEVE THAT QUALITY MEDICAL CARE AND SERVICE REQUIRES A SCIENTIFIC COMMITMENT TO EXCELLENCE, COMPASSIONATE DEDICATION TO SERVICE AND AN ENTHUSIASTIC WILLINGNESS TO TEACH. WE WILL PRIMARILY UTILIZE QUALIFIED PHYSICIANS AND SURGEONS TO ACCOMPLISH THIS MISSION. RESEARCH WILL BE CONDUCTED AND SPONSORED IN THE FIELDS OF ORTHOPEDIC SURGERY, NEUROLOGY, NEUROSURGERY, PAIN MANAGEMENT, AND PHYSICAL MEDICINE AND REHABILITATION. EDUCATIONAL PROGRAMS WILL BE PROVIDED FOR PATIENTS, PHYSICIANS AND HEALTH CARE PROVIDERS IN VARIOUS FORMS, INCLUDING LECTURES, SEMINARS, AND FELLOWSHIPS. PREVENTION PROGRAMS WILL INCORPORATE OUR RESEARCH AND EDUCATIONAL EXPERTISE TO IMPACT ORTHOPEDIC AND NEUROLOGIC PROBLEMS ENCOUNTERED WITHIN OUR COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION:1. FROM 2003 THROUGH 2007 THE FOUNDATION OFFERED AN ORTHOPEDIC ADULT RECONSTRUCTION AND SPORTS MEDICINE POST-RESIDENCY AND FELLOWSHIP PROGRAM. GOALS WERE CONTINUED MEDICAL EDUCATION POST-RESIDENCY FOR ADDITIONAL CLINICAL AND RESEARCH TRAINING OF PHYSICIANS. PHYSICIAN TIME FOR THE FELLOWSHIP EDUCATION AND PROGRAM ARE IN-KIND DONATIONS BY PHYSICIANS OF THEIR TIME AND SERVICE.2. FROM 2006, WITH THE COMPLETION OF THE FOUNDATION'S RESEARCH PAVILION AND EDUCATION AND LEARNING CENTERS, THROUGH 2013, THE FOUNDATION, IN CONJUNCTION WITH VARIOUS MEDICAL DEVICE MANUFACTURERS, HEALTH PROVIDERS, AND HEALTH-SERVICE ORGANIZATIONS, PRESENTED COURSES AND SEMINARS FOR PHYSICIANS AND OTHER HEALTH CARE PROFESSIONALS. THE COURSES DEALT WITH VARIOUS NEURO-MUSCULOSKELETAL MEDICAL TOPICS AND THE USE OF VARIOUS MEDICAL DEVICES. IN 2019, WE PROVIDED 10 OHIO UNIVERSITY HERITAGE COLLEGE OF OSTEOPATHIC MEDICINE SUMMER RESEARCH INTERNSHIPS WORKING WITH THE PHYSICIANS AT ORTHONEURO. STUDENTS WORKED WITH THE PHYSICIANS COLLECTING DATA FOR SEVERAL DIFFERENT STUDIES. MANY OF THE STUDENTS WOULD HAVE PRESENTED THEIR RESEARCH AT THE OHIO OSTEOPATHIC SYMPOSIUM IN APRIL 2020 HAD THE EVENT NOT BEEN CANCELLED DUE TO GLOBAL PANDEMIC CONCERNS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carl C Berasi DO Chairman Emeritus | OfficerTrustee | 1 | $0 |
Daryl R Sybert DO Chairman | OfficerTrustee | 1 | $0 |
Heather Benjamin Executive Director | OfficerTrustee | 2 | $0 |
Mark E Gittins DO Trustee | Trustee | 1 | $0 |
Richard Barnhart Trustee | Trustee | 1 | $0 |
Ken Johnson DO Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $147,717 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $362,580 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $510,297 |
| Total Program Service Revenue | $0 |
| Investment income | $44,885 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $70,703 |
| Net Income from Fundraising Events | -$71,694 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $554,191 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,100 |
| Grants and other assistance to domestic individuals. | $11,000 |
| 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 | $4,685 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $8,696 |
| Fees for services: Other | $340,705 |
| Advertising and promotion | $2,251 |
| Office expenses | $12,329 |
| Information technology | $6,617 |
| Royalties | $0 |
| Occupancy | $20,902 |
| 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 | $0 |
| Insurance | $7,744 |
| All other expenses | $0 |
| Total functional expenses | $420,712 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $117,270 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,212,648 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,329,918 |
| Accounts payable and accrued expenses | $0 |
| 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 | $2,239 |
| Total liabilities | $2,239 |
| Net assets without donor restrictions | $1,327,679 |
| 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 | $1,329,918 |
Grants Awarded
Over the last fiscal year, The Orthopedic Foundation has awarded $12,500 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Atlanta, GA PURPOSE: RESEARCH / ANNUAL CAMPAIGN | $10,000 |
Columbus, OH PURPOSE: GENERAL DONATION | $2,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ao North America Charitable Fund Wayne, PA | $19,731,276 | $3,259,490 |
Child Neurology Education And Research Foundation Lexington, KY | $4,583,151 | $3,554,448 |
The Orthopedic Foundation Westerville, OH | $1,329,918 | $554,191 |
Beacon Orthopaedic Research & Education Foundation Cincinnati, OH | $118,608 | $377,702 |
National Bone Marrow Transplant Link Commerce, MI | $214,982 | $260,266 |
International Consensus Meeting On Infection Philadelphia, PA | $1,032,904 | $236,397 |
Fox In The D Novi, MI | $1,809 | $150,946 |
Indiana Parkinson Foundation Noblesville, IN | $162,652 | $0 |
Tri-State Multiple Sclerosis Association Inc Evansville, IN | $1,107,999 | $140,176 |
Tremor Research Group Inc Keego Harbor, MI | $591,990 | $326,575 |
Kenneth H Campbell Foundation For Neurological Research Cincinnati, OH | $877,414 | $129,937 |
John Lachman Orthopedic Research Fund Inc St Davids, PA | $486,321 | $43,779 |