Virginia Orthopaedic Society
- Assets
- $322.8k
- Revenue
- $249.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Richmond, VA
- Founding
- 05/2002
- Data as of
- 12/2022
- EIN
- 54-1233714
Organization Overview
Virginia Orthopaedic Society is located in Richmond, VA. The organization was established in 2002. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Virginia Orthopaedic Society is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2022, Virginia Orthopaedic Society generated $249.3k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.8% each year. All expenses for the organization totaled $247.5k during the year ending 12/2022. While expenses have increased by 3.0% per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE VIRGINIA ORTHOPAEDIC SOCIETY WORKS TO ENHANCE ITS MEMBERS' ABILITY TO PROVIDE THE HIGHEST QUALITY MUSCULOSKELETAL CARE POSSIBLE THROUGH EDUCATION AND PROFESSIONAL DEVELOPMENT WHILE CHAMPIONING THE INTERESTS OF PHYSICIANS AND PATIENTS THROUGH ITS ADVOCACY EFFORTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ANNUAL MEETING PROVIDES FORUM FOR INTERCHANGE OF IDEAS, PRESENTATION OF PAPERS AND EDUCATIONAL SEMINARS RELATED TO THE PRACTICE OF ORTHOPAEDIC MEDICINE.
PROVIDE A NEWSLETTER TO INFORM MEMBERS OF PROFESSIONAL AND REGULATORY DEVELOPMENTS.
MONITOR LEGISLATION AND REGULATIONS AFFECTING THE PRACTICE OF ORTHOPAEDIC MEDICINE AND PROVIDE LEGISLATIVE UPDATES TO MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Holzman MD President-Elect | OfficerTrustee | 2 | $0 |
Gregory Golladay MD President | OfficerTrustee | 2 | $0 |
Blake Moore MD Secretary-Treasurer | OfficerTrustee | 2 | $0 |
Stewart Hinckley Executive Director | Officer | 5 | $0 |
Gautham Gondi MD Past-President | Trustee | 1 | $0 |
Keith Bachmann MD Msv Delegate | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $225,753 |
| Investment income | $6,788 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $16,727 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $249,268 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $56,774 |
| Fees for services: Legal | $250 |
| Fees for services: Accounting | $2,075 |
| Fees for services: Lobbying | $7,200 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,133 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $7,969 |
| Information technology | $6,592 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $95,170 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $607 |
| All other expenses | $3,730 |
| Total functional expenses | $247,479 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $37,042 |
| Savings and temporary cash investments | $11,146 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,000 |
| 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 | $15,744 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $256,836 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $322,768 |
| Accounts payable and accrued expenses | $11,144 |
| Grants payable | $0 |
| Deferred revenue | $18,848 |
| 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 | $29,992 |
| Net assets without donor restrictions | $265,776 |
| Net assets with donor restrictions | $27,000 |
| 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 | $322,768 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Virginia Orthopaedic Society has recieved totaling $35,000.
| Awarding Organization | Amount |
|---|---|
American Association Of Orthopaedic Surgeons Of America Rosemont, IL PURPOSE: STATE SOCIETY ASSISTANCE | $35,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Restaurant Association Washington, DC | $192,667,812 | $96,146,955 |
American Association Of State Highway & Transportation Officials Washington, DC | $177,160,624 | $97,013,353 |
National Federation Of Independent Business Inc Nashville, TN | $77,203,691 | $109,079,617 |
American Beverage Association Washington, DC | $114,967,236 | $101,585,081 |
Credit Union National Association Inc Washington, DC | $67,388,582 | $69,543,852 |
Edison Electric Institute Washington, DC | $198,917,565 | $81,084,181 |
Investment Company Institute Washington, DC | $76,230,571 | $72,478,404 |
Packaging Machinery Manufacturers Institute Inc Herndon, VA | $71,869,344 | $62,733,082 |
Consumer Technology Association Arlington, VA | $357,760,838 | $25,474,279 |
National Retail Federation Inc Washington, DC | $44,909,805 | $48,694,616 |
American Psychiatric Association Washington, DC | $179,554,491 | $53,525,834 |
Srcco Inc Durham, NC | $42,497,453 | $49,465,239 |