Interventional Orthopedics Foundation
- Assets
- $745.2k
- Revenue
- $668.9k
- Investments
- $0.0
- Employees
- 2
- Location
- Greenwood Village, CO
- Founding
- 11/2015
- Data as of
- 12/2023
- EIN
- 47-2926130
Organization Overview
Interventional Orthopedics Foundation, operating under the name Interventional Orthobiologics Found, is located in Greenwood Village, CO. The organization was established in 2015. According to its NTEE Classification (H99) the organization is classified as: Medical Research N.E.C., under the broad grouping of Medical Research and related organizations. As of 12/2023, Interventional Orthobiologics Found employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Interventional Orthobiologics Found 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, Interventional Orthobiologics Found generated $668.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (6.3%) each year. All expenses for the organization totaled $729.6k during the year ending 12/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE INTERVENTIONAL ORTHOBIOLOGICS FOUNDATIONS PRIMARY FUNCTION IS TO EDUCATE AND SERVE AS A RESOURCE TO PHYSICIANS AND THE PUBLIC SEEKING TO UNDERSTAND THE GROWING FIELD OF INTERVENTIONAL ORTHOPEDICS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PHYSICIAN EDUCATION HAS BECOME OUR CENTRAL FOCUS AT IOF. WITH THE INCEPTION OF IOF'S PHYSICIAN EDUCATION PROGRAM IN 2016, IOF BECAME UNIQUELY POSITIONED TO SET THE STANDARD FOR TEACHING THE FUNDAMENTAL KNOWLEDGE AND SKILLSETS NECESSARY FOR PHYSICIANS TO PRACTICE IN THIS ADVANCED MEDICAL SPECIALTY. IOF HAS INSTRUCTED AND CERTIFIED OVER 1,000 PHYSICIANS THROUGH OUR STRUCTURED, COMPENTENCY-BASED AND CERTIFED EDUCATION PROGRAM. CLEARLY, THIS PROGRAM IS SUCCESSFULLY CHANNELING PHYSICIANS INTO THIS FIELD, PROVIDING THEM WITH THE APPROPRIATE TREATMENT TECHNIQUES AND IMPACTING THEIR TREATMENT OF PATIENTS. GRANT SUPPORT IS USED TO FURTHER DEVELOP OUR CURRICULUM, PROMOTE OUR EDUCATION PROGRAM THROUGHOUT THE UNITED STATES, AND ENLIST EXPERIENCED INSTRUCTORS WHO ARE ACTIVELY ENGAGED IN EDUCATING PHYSICIANS.
THE IOF MAX EXPERIENCE IS THE INTERVENTIONAL ORTHOBIOLOGIC FOUNDATION'S ANNUAL CONFERENCE WHICH FOCUSES ON ORTHOBIOLOGICS RESEARCH AND CLINICAL RESULTS. THIS ALLOWS PHYSICIANS TO UNDERSTAND HOW ORTHOBIOLOGICS CAN PLAY AN IMPORTANT ROLE IN THE TREATMENT OF ORTHOPEDIC CONDITIONS. THE CONFERENCE SEEKS TO ADVANCE THE FIELD OF ORTHOBIOLOGICS BY HAVING REGULAR PHYSICIAN ATTENDEES, AND PHYSICIANS-IN-TRAINING WHO HAVE A 400 STIPEND ALLOWANCE PLUS CONFERENCE REGISTRATION FEES WAIVED FOR UP TO 40 PARTICIPANTS. IN 2023, THE EDUCATIONAL CONFERENCE HAD ABOUT A 20% GROWTH OVER 2022.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jillian Abramson Executive Di | Officer | 40 | $0 |
Ariana Demers DO Rmsk President | OfficerTrustee | 10 | $0 |
Wayne Mcilwraith DVM PHD Frcvs President-El | OfficerTrustee | 1 | $0 |
Don Buford MD Board Member | Trustee | 1 | $0 |
Walter Sussman DO Board Member | Trustee | 1 | $0 |
Mary Ambach MD Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $78,400 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $23,015 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $101,415 |
| Total Program Service Revenue | $566,503 |
| Investment income | $956 |
| 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 | $668,874 |
| 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. | $159,372 |
| Compensation of current officers, directors, key employees. | $19,922 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $83,200 |
| Pension plan accruals and contributions | $339 |
| Other employee benefits | $0 |
| Payroll taxes | $14,099 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $500 |
| Fees for services: Accounting | $1,294 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $11,581 |
| Advertising and promotion | $42,741 |
| Office expenses | $22,801 |
| Information technology | $7,589 |
| Royalties | $0 |
| Occupancy | $8,052 |
| Travel | $7,594 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $241,529 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $384 |
| All other expenses | $1,094 |
| Total functional expenses | $729,560 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $21,346 |
| Savings and temporary cash investments | $553,025 |
| 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 | $77,551 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $93,265 |
| Other assets | $0 |
| Total assets | $745,187 |
| Accounts payable and accrued expenses | $11,244 |
| 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 | $11,244 |
| Net assets without donor restrictions | $733,943 |
| 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 | $745,187 |
Grants Awarded
Over the last fiscal year, Interventional Orthopedics Foundation has awarded $20,201 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CHICAGO ARTHRITIS PURPOSE: WOUNDED WARRIOR PROGRAM GRANT | $7,000 |
HEALTHLINK MEDICAL CENTER PURPOSE: WOUNDED WARRIOR PROGRAM GRANT | $13,201 |