Piedmont Orthopedic Foundation
- Assets
- $2.9m
- Revenue
- $641.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Lynchburg, VA
- Founding
- 10/1984
- Data as of
- 12/2023
- EIN
- 56-1297962
Organization Overview
Piedmont Orthopedic Foundation is located in Lynchburg, VA. The organization was established in 1984. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Piedmont Orthopedic 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, Piedmont Orthopedic Foundation generated $641.7k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 9.5% each year. All expenses for the organization totaled $622.0k during the year ending 12/2023. While expenses have increased by 18.9% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO ENCOURAGE THE STUDY AND DEVELOPMENT OF THE SCIENCE AND PRACTICE OF ORTHOPEDICS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATIONAL COSTS FOR THE ANNUAL MEETING OF PIEDMONT ORTHOPEDIC SOCIETY. THE SOCIETY PARTNERED WITH DUKE UNIVERSITY SCHOOL OF MEDICINE TO PROVIDE ACCREDITED CONTINUING MEDICAL EDUCATION.
JOHN A FEAGIN INTERNATIONAL LEADERSHIP FORUM PARTNERED WITH DUKE UNIVERSITY SPORTS MEDICINE AND CORPORATE EDUCATION BRINGS TOGETHER A DIVERSE MIX OF LEADERS FROM MEDICINE, BUSINESS, THE MILITARY AND ATHLETICS. FUNDS FROM THE ENDOWMENT ARE USED TO PROVIDE A FOUNDATION IN LEADERSHIP TRAINING TO THE DUKE COMMUNITY AND OUTSIDE ORGANIZATIONS WITH THE EMPHASIS ON OPPORTUNITIES FOR SPORTS MEDICINE FELLOWS, ORTHOPEDIC RESIDENTS, MEDICAL STUDENTS AND UNDERGRADUATE STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gary M Lourie MD President | OfficerTrustee | 2 | $0 |
Mack Aldridge MD Vice President | OfficerTrustee | 2 | $0 |
William C Andrews MD Secretary/treasurer | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $77,300 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $169,478 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $246,778 |
| Total Program Service Revenue | $208,889 |
| Investment income | $77,523 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $108,473 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $641,663 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $672 |
| 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 | $26,726 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,005 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,260 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $26,380 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $5,042 |
| Information technology | $570 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $8,454 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $542,370 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,234 |
| All other expenses | $0 |
| Total functional expenses | $622,001 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $356,647 |
| 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 | $0 |
| Investments—publicly traded securities | $2,500,702 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $3,300 |
| Other assets | $5,000 |
| Total assets | $2,865,649 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $0 |
| 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 | $2,865,649 |
| Total liabilities and net assets/fund balances | $2,865,649 |
Grants Awarded
Over the last fiscal year, Piedmont Orthopedic Foundation has awarded $42,785 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
DUKE UNIVERSITY DEPARTMENT OF ORTHOPAEDIC SURGERY PURPOSE: ORTHOPEDIC RESEARCH | $20,000 |
VA INSTITUTE OF MEDICAL RESEARCH PURPOSE: ORTHOPEDIC RESEARCH | $22,785 |