Spinal Research Foundation
- Assets
- $5.0m
- Revenue
- $1.6m
- Investments
- $4.2m
- Employees
- 0
- Location
- Reston, VA
- Founding
- 10/2002
- Data as of
- 12/2021
- EIN
- 55-0803996
Organization Overview
Spinal Research Foundation is located in Reston, VA. The organization was established in 2002. According to its NTEE Classification (H20) the organization is classified as: Birth Defects & Genetic Diseases Research, under the broad grouping of Medical Research and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Spinal Research 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, Spinal Research Foundation generated $1.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 22.7% each year . All expenses for the organization totaled $1.5m during the year ending 12/2021. While expenses have increased by 11.0% 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROGRSS IS A CONTRACT COMPILING MEDICAL DATA AND PATIENT RECORDS RESULTING FROM SPINAL INJURIES.
SRF HOST A WE'VE GOT YOUR BACK GALA: INNOVATIONS IN SPINAL HEALTHCARE. THIS CELEBRATORY EVENT NOT ONLY RAISES FUNDS, IT CELEBRATES INDIVIDUALS AND ORGANIZATIONS WHOSE CONTRIBUTION TO SPINAL HEALTH HAS ADVANCED THE FIELD. THE GALA IS A CELEBRATION OF SRF'S 19 YEARS OF IMPROVING SPINAL HEALTH CARE THROUGH RESEARCH, EDUCATION, PATIENT ADVOCACY, AND COMMUNITY, A NOD TO THE INNOVATIVE FUTURE, AND A CELEBRATION OF HOPE. EACH YEAR 99 MILLION AMERICANS SUFFER FROM DEBILITATING NECK OR BACK PAIN AND IT IS WITH YOUR SUPPORT THAT WE CAN PROVIDE INDIVIDUALS WITH HOPE AND THE NECESSARY TOOLS TO MAKE INFORMED DECISIONS ABOUT THEIR SPINAL HEALTH.
SRF'S PATIENT-FOCUSED AND INTERACTIVE WEBSITE IS A TRUSTED SOURCE FOR INFORMATION AND RESOURCES FOR NECK/BACK PAIN AND SPINAL HEALTHCARE FOR PUBLIC, MEDIA AND GOVERNMENT. THE SITE FEATURES PATIENT SUCCESS STORIES TO HELP INSPIRE OTHERS WITH SIMILAR ISSUES, AS WELL AS SRF'S RESEARCH FINDINGS AND CURRENT PROJECTS. PATIENTS ARE ABLE TO LOG IN AND SHARE THEIR SPINAL CHAMPION STORIES.
SRF HAS LAUNCHED AN INNOVATIVE CLINICAL DATA MANAGEMENT SYSTEM TO COLLECT AND EVALUATE THE EFFECTIVENESS OF SPINAL TREATMENT OPTIONS. WITH SRF,OTHER NATIONAL RESEARCH PARTNERS WILL ALSO PARTICIPATE IN THE COLLECTION OF OUTCOMES DATA FROM PATIENTS AND PHYSICIANS. RESULTS FROM THESE STUDIES ARE SUBMITTED TO SCIENTIFIC PUBLICATIONS AND MEETINGS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rita Roy CEO | 40 | $224,768 | |
Lindsay Orosz Director Of Research | 40 | $55,928 | |
Elizabeth Fredericks Communications Manag | 40 | $52,003 | |
Thomas Schuler President | 8 | $0 | |
Raymond Pugsley Member | 5 | $0 | |
Rina Shah Member | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Lansdowne Resort | 12/30/21 | $75,000 |
Campbell & Company | 12/30/21 | $115,400 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,181,000 |
| Interest on Savings | $33 |
| Dividends & Interest | $166,358 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $262,491 |
| Capital Gain Net Income | $262,491 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,609,882 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $229,263 |
| Other employee salaries and wages | $126,800 |
| Pension plans, employee benefits | $23,809 |
| Interest | $0 |
| Taxes | $32,749 |
| Depreciation | $3,122 |
| Occupancy | $41,956 |
| Travel, conferences, and meetings | $103,699 |
| Printing and publications | $0 |
| Other expenses | $651,318 |
| Total operating and administrative expenses | $1,538,009 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $1,538,009 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $438,154 |
| Savings and temporary cash investments | $299,772 |
| Net Accounts receivable | $6,000 |
| Net Pledges Receivable | $25,000 |
| 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 | $7,159 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $4,190,223 |
| Net Land, buildings, and equipment | $4,775 |
| Other assets | $0 |
| Total assets | $4,971,083 |
| Accounts payable and accrued expenses | $540,027 |
| 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 | $540,027 |
Grants Awarded
Over the last fiscal year, Spinal Research Foundation has awarded $24,819 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
SAN FRANCISCO SPINE INSTITUTE PURPOSE: RESEARCH GRANT | $21,795 |
MEDNET SOLUTIONS INC PURPOSE: RESEARCH STUDY | $3,000 |
RESTON HOSPITAL CENTER PURPOSE: CLINICAL STUDY | $24 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Society Of Human Genetics Rockville, MD | $24,149,284 | $8,094,459 |
Community Health Interventions And Sickle Cell Agency Inc Fayetteville, NC | $519,573 | $2,014,356 |
Spinal Research Foundation Reston, VA | $4,971,083 | $1,609,882 |
National Fragile X Foundation Mclean, VA | $1,539,237 | $1,652,718 |
Rilite Foundation Charlottesville, VA | $256,412 | $479,471 |
Parkinson Association Of The Carolinas Charlotte, NC | $2,104,348 | $268,064 |
Childrens Roads To Recovery Inc Baltimore, MD | $30,652 | $19,883 |
International Neurosurgery Education And Research Foundation Raleigh, NC | $274,447 | $152,970 |
Peoples Clinic Foundation Inc Morehead, KY | $113,820 | $0 |
Pediatric Research And Advocacy Initiative Onley, VA | $131,920 | $12,255 |
Advance The Cure Knoxville, TN | $24,902 | $0 |
Clara Inspired Midlothian, VA | $44,408 | $33,330 |