Illinois Center For Orthopedic Research And Education Foundation
- Assets
- $35.1k
- Revenue
- $64.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Hinsdale, IL
- Founding
- 06/2019
- Data as of
- 12/2021
- EIN
- 38-4091905
Organization Overview
Illinois Center For Orthopedic Research And Education Foundation is located in Hinsdale, IL. The organization was established in 2019. According to its NTEE Classification (T23) the organization is classified as: Private Operating Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Illinois Center For Orthopedic Research And Education 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, Illinois Center For Orthopedic Research And Education Foundation generated $64.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (6.3%) each year. All expenses for the organization totaled $33.2k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (40.1%) per year over the past 2 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ronak M Patel MD President | 0 | $0 | |
Joseph Ornelas PHD Executive Director | 0 | $0 | |
Ashraf H Darwish MD Treasurer | 0 | $0 | |
Steven C Chudik MD Secretary | 0 | $0 | |
Bryant S Ho MD Vice President | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $64,656 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $64,656 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $7,595 |
| Total operating and administrative expenses | $16,181 |
| Contributions, gifts, grants paid | $17,000 |
| Total expenses and disbursements | $33,181 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $35,087 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $35,087 |
| 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 | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Illinois Center For Orthopedic Research And Education Foundation has awarded $17,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
SAMANTHA WATSON PURPOSE: STIPEND AND HOLIDAY BONUS | $7,375 |
YASEMIN KINGHAM PURPOSE: STIPEND AND HOLIDAY BONUS | $3,375 |
JACOB BARNHART PURPOSE: STIPEND | $3,125 |
NAIKIL CHARI PURPOSE: STIPEND | $3,125 |
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|---|---|---|
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Fmc Aquatic Opportunities Chicago, IL | $22,984,375 | $1,955,015 |
Johnson Foundation Inc Racine, WI | $58,249,744 | $4,338,703 |
Drumm Center For Children Inc Independence, MO | $21,203,192 | $3,719,217 |
Coregiving Co Chicago, IL | $192,857 | $1,890,844 |
Dn Leadership Inc Louisville, KY | $2,441,151 | $7,192,611 |