Cartilage Research Foundation Inc
- Assets
- $349.6k
- Revenue
- $32.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Morgantown, IN
- Founding
- 07/2009
- Data as of
- 12/2021
- EIN
- 35-2146840
Organization Overview
Cartilage Research Foundation Inc is located in Morgantown, IN. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cartilage Research Foundation Inc 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, Cartilage Research Foundation Inc generated $32.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.2% each year. All expenses for the organization totaled $8.9k during the year ending 12/2021. 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
TO PROMOTE EDUCATION AND SUPPORT BASIC SCIENCES AND CLINICAL RESEARCH IN THE FIELD OF ARTICULAR AND MENISCAL CARTILAGE TO BENEFIT PATIENTS WITH CARTILAGE PATHOLOGY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DEVELOP STRATEGIES AND TREATMENT TO PREVENT THE INITIATION OF PROGRESSION CARTILAGE PROBLEMS AS WELL AS FORMULATE EVIDENCE BASED TREAT ALGORITHMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian Cole MD President | OfficerTrustee | 5 | $0 |
Wayne Gersoff MD Vice President | OfficerTrustee | 5 | $0 |
James Cook DVM Secretary | OfficerTrustee | 5 | $0 |
Jack Farr MD Treasurer | OfficerTrustee | 5 | $0 |
Andreas Gomoll MD Member | Trustee | 5 | $0 |
Thomas Minas MD Member | Trustee | 5 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $32,556 |
| Investment income | $12 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| 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 | $32,568 |
| 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. | $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 | $2,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,029 |
| Advertising and promotion | $0 |
| Office expenses | $19 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $5,381 |
| All other expenses | $0 |
| Total functional expenses | $8,929 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $275,420 |
| Savings and temporary cash investments | $74,219 |
| 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 | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $349,639 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| 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 | $349,639 |
Grants Awarded
Over the last fiscal year, Cartilage Research Foundation Inc has awarded $54,500 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Somerville, MA PURPOSE: RESEARCH PROJECTS | $44,000 |
New York, NY PURPOSE: GENERAL MISSION OF ORGANZIATION | $10,500 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Cartilage Research Foundation Inc has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Fidelity Investments Charitable Gift Fund Boston, MA PURPOSE: FOR GRANT RECIPIENT'S EXEMPT PURPOSES | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Orthopaedic Research And Education Foundation Rosemont, IL | $25,903,586 | $3,855,378 |
Scoliosis Research Society Milwaukee, WI | $19,613,993 | $4,690,080 |
Child Neurology Education And Research Foundation Lexington, KY | $4,583,151 | $3,554,448 |
Mpn Research Foundation Chicago, IL | $7,764,367 | $2,570,885 |
Parkinson's Disease Research Society C/O Carol Santi Highland Park, IL | $0 | $653 |
Foundation For Arthroplasty Research And Education Rosemont, IL | $2,262,502 | $120,077 |
Indiana Parkinson Foundation Noblesville, IN | $162,652 | $0 |
Tri-State Multiple Sclerosis Association Inc Evansville, IN | $1,107,999 | $140,176 |
Northwestern Arthritis & Rehabiltation Institute Chicago, IL | $19,210 | $0 |
Louisville Orthopedic Research & Educational Foundation Inc Louisville, KY | $836,896 | $135,717 |
Illinois Orthopaedic Foundation Glenview, IL | $77,239 | $0 |
Cartilage Research Foundation Inc Morgantown, IN | $349,639 | $32,568 |