Current Concepts Foundation
- Assets
- $140.9k
- Revenue
- $5.1k
- Investments
- $92.3k
- Employees
- 0
- Location
- Cleveland, OH
- Founding
- 10/2001
- Data as of
- 12/2022
- EIN
- 34-1914963
Organization Overview
Current Concepts Foundation is located in Cleveland, OH. The organization was established in 2001. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Current Concepts 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, Current Concepts Foundation generated $5.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (16.7%) each year. All expenses for the organization totaled $9.6k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (15.4%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Current Concepts Foundation has awarded 124 individual grants totaling $118,000. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
ORTHOPAEDIC RESEARCH SCHOLARSHIPS AWARDED TO 3 RECIPIENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
A Seth Greenwald D Phil Oxon Chairman Of The Board | 1 | $0 | |
John M Cuckler MD Trustee | 1 | $0 | |
Richard E Jones MD Trustee | 1 | $0 | |
Timothy S Brown MD Trustee | 1 | $0 | |
Antonia F Chen MD Trustee | 1 | $0 | |
Craig J Della Valle MD Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $4,037 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,079 |
| Capital Gain Net Income | $1,079 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $5,116 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $2,500 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $619 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,666 |
| Total operating and administrative expenses | $7,391 |
| Contributions, gifts, grants paid | $2,250 |
| Total expenses and disbursements | $9,641 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $48,568 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| 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 | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $51,611 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $140,869 |
| Accounts payable and accrued expenses | $0 |
| 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 | $915 |
| Total liabilities | $915 |
Grants Awarded
Over the last fiscal year, Current Concepts Foundation has awarded $2,250 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
MOHAMED YOUSEF MD PURPOSE: ORTHOPAEDIC RESEARCH SCHOLARSHIP | $500 |
SUNITA MENGERS MD PURPOSE: ORTHOPAEDIC RESEARCH SCHOLARSHIP | $1,000 |
ASSEM SULTAN MD PURPOSE: ORTHOPAEDIC RESEARCH SCHOLARSHIP | $750 |