The Orthopaedic Learning Center
- Assets
- $8.8m
- Revenue
- $4.4m
- Investments
- $0.0
- Employees
- 9
- Location
- Rosemont, IL
- Founding
- 12/1996
- Data as of
- 12/2021
- EIN
- 36-3999836
Organization Overview
The Orthopaedic Learning Center, operating under the name Olc Education & Conference Center, is located in Rosemont, IL. The organization was established in 1996. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 12/2021, Olc Education & Conference Center employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Olc Education & Conference Center 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, Olc Education & Conference Center generated $4.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.9% each year. All expenses for the organization totaled $3.9m during the year ending 12/2021. While expenses have increased by 0.1% 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
PROVIDING MEDICAL LAB EQUIPMENT, FACILITIES, AND EDUCATIONAL SEMINARS TO LEARNING PHYSICIANS AND STUDENTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
SURGICAL SKILLS COURSES - THE ORGANIZATION PROVIDES FACILITIES AND INSTRUCTORS FOR COURSES RELATING TO ARTHROSCOPIC AND ORTHOPAEDIC SURGICAL SKILLS, DIAGNOSIS, TREATMENT AND FOLLOWUP
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lise Puckorius Chief Executive Officer | 40 | $236,911 | |
Michael G Ciccotti MD President | OfficerTrustee | 2 | $0 |
Christopher P Chiodo MD Vice-President | OfficerTrustee | 2 | $0 |
Steven L Haddad MD Past President | OfficerTrustee | 2 | $0 |
Leslie S Matthews MD MBA Past President | OfficerTrustee | 2 | $0 |
Alan S Curtis MD Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $200,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $541,171 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $741,171 |
| Total Program Service Revenue | $3,693,833 |
| Investment income | $14,794 |
| 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 | $4,449,798 |
| 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. | $270,750 |
| Compensation of current officers, directors, key employees. | $270,750 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $607,124 |
| Pension plan accruals and contributions | $46,340 |
| Other employee benefits | $83,919 |
| Payroll taxes | $60,301 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $670 |
| Fees for services: Accounting | $45,767 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $380,826 |
| Advertising and promotion | $111,712 |
| Office expenses | $16,279 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,232,713 |
| Travel | $21,821 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $12,939 |
| Interest | $9,701 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $225,738 |
| Insurance | $23,146 |
| All other expenses | $174,232 |
| Total functional expenses | $3,909,275 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,449,376 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $760,524 |
| 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 | $683,159 |
| Investments—publicly traded securities | $569,604 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,370,426 |
| Total assets | $8,833,089 |
| Accounts payable and accrued expenses | $532,363 |
| Grants payable | $0 |
| Deferred revenue | $130,472 |
| 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 | $115,280 |
| Other liabilities | $803,811 |
| Total liabilities | $1,581,926 |
| Net assets without donor restrictions | $7,251,163 |
| 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 | $8,833,089 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that The Orthopaedic Learning Center has recieved totaling $1,008,402.
| Awarding Organization | Amount |
|---|---|
American Academy Of Orthopedic Surgeons Rosemont, IL PURPOSE: GENERAL SUPPORT | $1,008,402 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lycee Francais De Chicago Inc Chicago, IL | $48,724,560 | $20,322,112 |
Strada Collaborative Inc Indianapolis, IN | $87,757,237 | $36,146,755 |
Sertoma Centre Inc Alsip, IL | $22,208,490 | $17,472,414 |
Connected Nation Inc Bowling Green, KY | $5,021,239 | $16,572,653 |
National Association Of State Procurement Officials Lexington, KY | $137,920,901 | $31,374,950 |
Cross Trails Medical Center Cape Girardeau, MO | $16,622,925 | $13,747,968 |
Institute For Quality Education Inc Indianapolis, IN | $12,107,092 | $12,010,135 |
Lac Courte Oreilles Ojibwe School Hayward, WI | $14,755,136 | $9,679,407 |
School Smart Kc Inc Kansas City, MO | $7,202,506 | $7,640,451 |
Illinois Cpa Society Chicago, IL | $13,009,574 | $9,942,006 |
Bowling Green Warren County Primary Care Center Inc Bowling Green, KY | $15,935,520 | $7,530,325 |
Chicago Bar Foundation Chicago, IL | $2,729,689 | $8,402,012 |