Vail Summit Research And Education Foundation
- Assets
- $230.7k
- Revenue
- $226.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Grand Junction, CO
- Founding
- 08/2014
- Data as of
- 12/2023
- EIN
- 46-1957447
Organization Overview
Vail Summit Research And Education Foundation is located in Grand Junction, CO. The organization was established in 2014. According to its NTEE Classification (B05) the organization is classified as: Research Institutes & Public Policy Analysis, 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. Vail Summit 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 12/2023, Vail Summit Research And Education Foundation generated $226.1k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 6.5% each year. All expenses for the organization totaled $536.9k during the year ending 12/2023. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION PROMOTES MEDICAL RESEARCH. CURRENTLY, THE FOUNDATION IS CONDUCTING SIX CLINICAL RESEARCH STUDIES WHICH HAVE BEEN APPROVED BY THE LOCAL INSTITUTIONAL REVIEW BOARD (IRB). THE FOUNDATION IS ALSO INVOLVED IN THE IMPLEMENTATION AND UTILIZATION OF A STATE-OF-THE ART WEB-BASED CLINICAL OUTCOMES DATEBASE THAT WILL ENABLE USERS TO COLLECT PATIENT-REPORTED OUTCOMES ON ORTHOPAEDIC TREATMENTS COMPILING AND THEN ANALYZING PATIENT DATA BEFORE AND AFTER RECEIVING TREATMENT FOR ORTHOPAEDIC SPORTS MEDICINE INJURIES. THIS WILL MAKE IT POSSIBLE FOR THE FOUNDATION TO EXAMINE OUTCOMES IN ORDER TO DETERMINE OPTIMAL TREATMENT OPTIONS. THE FOUNDATION THEN PLANS TO SHARE ITS FINDINGS LOCALLY, NATIONALLY, AND INTERNATIONALLY THROUGH PRESENTATIONS AT ORTHOPAEDIC CONFERENCES AND PUBLICATIONS IN PEER-REVIEWED JOURNALS.
THE FOUNDATION SUPPORTS MEDICAL EDUCATION FOR PHYSICIANS AND OTHER HEALTH CARE PROFESSIONALS. WEEKLY ACADEMIC SESSIONS ARE CURRENTLY HELD IN WHICH LOCAL PHYSICIANS, PHYSICIAN ASSISTANTS, ATHLETIC TRAINERS, PHYSICAL THERAPISTS, AND MEDICAL ASSISTANTS PARTICIPATED IN ROUNDTABLE DISCUSSIONS OR MORE FORMAL PRESENTATIONS ABOUT VARIOUS ORTHOPAEDIC SPORTS MEDICINE TOPICS. THE PURPOSE OF THESE SESSIONS IS TO INCORPORATE THE LATEST EVIDENCE-BASED RESEARCH INTO DAILY CLINICAL PRACTICE AND TO IMPROVE COHESION AND COMMUNICATION AMONG THE VARIOUS ORTHOPAEDIC CARE PROVIDERS IN ORDER TO PROVIDE IDEAL TREATMENT TO PATIENTS. THE FOUNDATION CONTINUED ITS SUMMER INTERNSHIP PROGRAM AND HOSTED ONE HIGHSCHOOL AND ONE UNDERGRADUATE STUDENT. THE INTERNS SHADOWED EXPERIENCED ORTHOPAEDIC SURGEONS IN CLINICAL PRACTICE AND SURGERY, AS WELL AS PARTICIPATED AS ASSOCIATE RESEARCHERS ON CLINICAL RESEARCH STUDIES CONDUCTED BY THE FOUNDATION.
THE FOUNDATION STARTED A FELLOWSHIP PROGRAM FOR ATC'S COMING OUT OF SCHOOL. THE ATC FELLOWSHIP PROGRAM IS AN ANNUAL PROGRAM DESIGNED TO GIVE HANDS ON EXPRIENCE FOR RECENTLY ACCREDITED ATCS. EACH YEAR THE FOUNDATION OFFERS THIS FELLOWSHIP TO THREE ATCS.THE EXPENSES ASSOCIATED WITH THE FELLOWS INCLUDE THEIR LICENSING AND DUES FOR SOCIETIES AND CONFERENCES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William I Sterett Cso | 1 | $0 | |
John Paul Elton Vice President | 1 | $0 | |
Erik Dorf Treasurer | 1 | $0 | |
Jared Heinze Foundation Manager | 1 | $92,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $226,147 |
| 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 | $226,147 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $92,500 |
| Other employee salaries and wages | $298,861 |
| Pension plans, employee benefits | $0 |
| Interest | $10,304 |
| Taxes | $0 |
| Depreciation | $14,983 |
| Occupancy | $43,384 |
| Travel, conferences, and meetings | $3,582 |
| Printing and publications | $0 |
| Other expenses | $52,917 |
| Total operating and administrative expenses | $529,426 |
| Contributions, gifts, grants paid | $7,514 |
| Total expenses and disbursements | $536,940 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $90,274 |
| 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 | $140,452 |
| Other assets | $0 |
| Total assets | $230,726 |
| Accounts payable and accrued expenses | $352 |
| 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 | $136,205 |
| Total liabilities | $136,557 |
Grants Awarded
Over the last fiscal year, Vail Summit Research And Education Foundation has awarded $7,514 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
CAMILLE KING PURPOSE: FELLOWSHIP | $945 |
GRACE HARKNESS PURPOSE: FELLOWSHIP | $2,941 |
NICOLE HARRISON PURPOSE: FELLOWSHIP | $2,988 |
EMILY WOOD PURPOSE: FELLOWSHIP | $487 |
JESSICA VON ARX PURPOSE: FELLOWSHIP | $153 |