Orthopaedic Research Society
- Assets
- $7.5m
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 11
- Location
- Rosemont, IL
- Founding
- 06/1982
- Data as of
- 12/2021
- EIN
- 36-3180285
Organization Overview
Orthopaedic Research Society is located in Rosemont, IL. The organization was established in 1982. According to its NTEE Classification (H90) the organization is classified as: Medical Disciplines Research, under the broad grouping of Medical Research and related organizations. As of 12/2021, Orthopaedic Research Society employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Orthopaedic Research Society 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, Orthopaedic Research Society generated $2.3m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.5%) each year. All expenses for the organization totaled $2.1m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (3.0%) per year over the past 7 years. 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 ORTHOPAEDIC RESEARCH SOCIETY (THE "SOCIETY") IS A NONPROFIT CORPORATION ORGANIZED TO SUPPORT, DEVELOP, AND ENCOURAGE RESEARCH AND SPONSOR EDUCATIONAL ACTIVITIES IN FIELDS RELATED TO ORTHOPAEDIC SURGERY. THE SOCIETY WAS INCORPORATED IN THE STATE OF ILLINOIS IN 1982. PRIOR TO 1982, A PREDECESSOR ORGANIZATION OPERATED IN CANADA AS AN UNINCORPORATED ASSOCIATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEETINGS, SYMPOSIA AND WORKSHOPS HELD TO PROMOTE, ENCOURAGE AND SUPPORT RESEARCH AND EDUCATIONAL ACTIVITIES IN THE FIELDS OF ORTHOPAEDIC SURGERY AND MUSCULOSKELETAL DISEASES
JOURNAL OF ORTHOPAEDIC RESEARCH AND JOURNAL OF ORTHOPAEDIC RESEARCH SPINE -MEDICAL JOURNALS TO DISSEMINATE THE EXPANDING BODY OF KNOWLEDGE AND TECHNIQUES OF ORTHOPAEDIC SURGERY TO PROFESSIONALS IN THE FIELD
WORKSHOPS AND EDUCATION - TO PROVIDE EDUCATIONAL ACTIVITIES AND WORKSHOPS IN THE FIELDS OF ORTHOPAEDIC SURGERY AND MUSCULOSKELETAL DISEASES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brenda Frederick Executive Director | Officer | 40 | $227,284 |
Peter Amadio MD President | OfficerTrustee | 1 | $0 |
Susanna Chubinskaya PHD Past President | OfficerTrustee | 1 | $0 |
Marjolein Van Der Meulen PHD 1st Vice President | OfficerTrustee | 1 | $0 |
Kurt Hankenson DVM PHD 2nd Vice President | OfficerTrustee | 1 | $0 |
X Edward Guo PHD Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $125,287 |
| All other contributions, gifts, grants, and similar amounts not included above | $44,481 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $169,768 |
| Total Program Service Revenue | $1,784,830 |
| Investment income | $80,768 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $257,043 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,301,601 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $54,727 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $227,284 |
| Compensation of current officers, directors, key employees. | $27,274 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $620,536 |
| Pension plan accruals and contributions | $77,711 |
| Other employee benefits | $139,564 |
| Payroll taxes | $53,619 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,594 |
| Fees for services: Accounting | $15,224 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $46,802 |
| Fees for services: Other | $43,751 |
| Advertising and promotion | $0 |
| Office expenses | $20,573 |
| Information technology | $40,461 |
| Royalties | $0 |
| Occupancy | $87,888 |
| Travel | $24,904 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $272,021 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $22,308 |
| Insurance | $30,479 |
| All other expenses | $0 |
| Total functional expenses | $2,113,217 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,377,967 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $98,969 |
| 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 | $352,133 |
| Net Land, buildings, and equipment | $34,878 |
| Investments—publicly traded securities | $5,602,180 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,324 |
| Total assets | $7,471,451 |
| Accounts payable and accrued expenses | $177,975 |
| Grants payable | $0 |
| Deferred revenue | $826,085 |
| 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 | $156,837 |
| Other liabilities | $0 |
| Total liabilities | $1,160,897 |
| Net assets without donor restrictions | $5,293,596 |
| Net assets with donor restrictions | $1,016,958 |
| 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 | $7,471,451 |
Grants Awarded
Over the last fiscal year, Orthopaedic Research Society has awarded $50,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Salt Lake City, UT PURPOSE: RESEARCH | $25,000 |
UNIVERSITY OF WISCONSIN PURPOSE: RESEARCH | $25,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Orthopaedic Research Society has recieved totaling $124,000.
| Awarding Organization | Amount |
|---|---|
Zimmer Biomet Foundation Inc Warsaw, IN PURPOSE: GENERAL SUPPORT OF SCIENTIFIC PROGRAMS | $100,000 |
American Academy Of Orthopedic Surgeons Rosemont, IL PURPOSE: GENERAL SUPPORT | $24,000 |
Endowment Analysis
| Beg. Balance | $237,514 |
| Earnings | $32,760 |
| Ending Balance | $270,274 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Regenstrief Foundation Inc Indianapolis, IN | $0 | $6,850,830 |
Mercy Research Springfield, MO | $1,873,704 | $4,182,009 |
Wicell Research Institute Inc Madison, WI | $4,969,313 | $7,939,160 |
American Burn Association Inc Chicago, IL | $2,908,439 | $4,571,563 |
Dermatology Foundation Evanston, IL | $62,543,237 | $7,135,637 |
Foundation For Anesthesia Education And Research Schaumburg, IL | $35,213,980 | $3,655,249 |
Angelman Syndrome Foundation Inc Aurora, IL | $2,249,648 | $3,676,179 |
American Academy Of Sleep Medicine Foundation Darien, IL | $17,841,323 | $3,412,660 |
Anesthesia Patient Safety Foundation Schaumburg, IL | $16,092,814 | $2,466,002 |
Orthopaedic Research Society Rosemont, IL | $7,471,451 | $2,301,601 |
The Knee Society Inc Schaumburg, IL | $4,620,112 | $1,876,790 |
Oral And Maxillofacial Surgery Foundation Rosemont, IL | $19,223,310 | $2,359,091 |