Spinal Research Foundation
- Assets
- $3.4m
- Revenue
- $1.2m
- Investments
- $2.1m
- Employees
- 0
- Location
- Reston, VA
- Founding
- 10/2002
- Data as of
- 12/2023
- 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 12/2023, Spinal Research Foundation generated $1.2m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 13.9% each year . All expenses for the organization totaled $1.9m during the year ending 12/2023. While expenses have increased by 10.9% per year over the past 9 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
2023
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 HOSTS THE ANNUAL WE'VE GOT YOUR BACK RACE FOR SPINAL HEALTH. IT IS THE NATION'S LARGEST 5K EVENT THAT CELEBRATES HEALTHY SPINES AND BENEFITS THOSE SUFFERING WITH NECK AND BACK PAIN. THIS FAMILY FRIENDLY RUN/WALK CONSISTS OF A TIMED 5K RACE, A ONE MILE FUN WALK AND WELLNESS FAIR FOR ALL.
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 |
|---|---|---|---|
Thomas Schuler President | 8 | $0 | |
Gordon Taylor Treasurer | 5 | $0 | |
Jennifer Marron Secretary | 5 | $0 | |
Raymond Pugsley Member | 5 | $0 | |
Rita Roy CEO | 40 | $250,537 | |
Brian Nault Chairman | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Pinkston Inc | 12/30/23 | $191,246 |
Community Counseling Service Co Llc | 12/30/23 | $282,803 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,069,237 |
| Interest on Savings | $21,233 |
| Dividends & Interest | $69,583 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $74,886 |
| Capital Gain Net Income | $74,886 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,234,939 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $256,086 |
| Other employee salaries and wages | $395,159 |
| Pension plans, employee benefits | $43,366 |
| Interest | $0 |
| Taxes | $44,196 |
| Depreciation | $8,054 |
| Occupancy | $110,987 |
| Travel, conferences, and meetings | $122,273 |
| Printing and publications | $0 |
| Other expenses | $278,892 |
| Total operating and administrative expenses | $1,886,615 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $1,886,615 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $54,551 |
| Savings and temporary cash investments | $622,555 |
| Net Accounts receivable | $212,980 |
| 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 | $11,728 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $2,076,844 |
| Net Land, buildings, and equipment | $37,100 |
| Other assets | $363,234 |
| Total assets | $3,378,992 |
| Accounts payable and accrued expenses | $813,065 |
| 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 | $404,947 |
| Total liabilities | $1,218,012 |
Grants Awarded
Over the last fiscal year, Spinal Research Foundation has awarded $24,819 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
RESTON HOSPITAL CENTER PURPOSE: CLINICAL STUDY | $24 |
SAN FRANCISCO SPINE INSTITUTE PURPOSE: RESEARCH GRANT | $21,795 |
MEDNET SOLUTIONS INC PURPOSE: RESEARCH STUDY | $3,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Society Of Human Genetics Rockville, MD | $21,022,392 | $6,905,083 |
Community Health Interventions And Sickle Cell Agency Inc Fayetteville, NC | $519,573 | $2,014,356 |
Spinal Research Foundation Reston, VA | $3,378,992 | $1,234,939 |
National Fragile X Foundation Washington, DC | $3,572,020 | $1,802,073 |
Rilite Foundation Charlottesvle, VA | $1,994 | $709,396 |
Parkinson Association Of The Carolinas Charlotte, NC | $1,804,121 | $292,713 |
Eastern Society For Pediatric Research Inc McLean, VA | $217,712 | $0 |
International Neurosurgery Education And Research Foundation Raleigh, NC | $207,034 | $85,667 |
International Mammalian Genome Society Inc Oak Ridge, TN | $295,098 | $0 |
Pediatric Research And Advocacy Initiative Onley, VA | $44,499 | $2,725 |
Peoples Clinic Foundation Inc Morehead, KY | $88,572 | $0 |
Advance The Cure Knoxville, TN | $20,453 | $0 |
Clara Inspired Midlothian, VA | $61,494 | $50,180 |
Childrens Roads To Recovery Inc Baltimore, MD | $28,603 | $23,904 |
The Hope For Holt Foundation Charlotte, NC | $849 | $0 |