Foundation For Orthopaedic Research And Education Inc
- Assets
- $1.4m
- Revenue
- $4.0m
- Investments
- $0.0
- Employees
- 17
- Location
- Tampa, FL
- Founding
- 07/1999
- Data as of
- 12/2023
- EIN
- 59-3555349
Organization Overview
Foundation For Orthopaedic Research And Education Inc is located in Tampa, FL. The organization was established in 1999. According to its NTEE Classification (H90) the organization is classified as: Medical Disciplines Research, under the broad grouping of Medical Research and related organizations. As of 12/2023, Foundation For Orthopaedic Research And Education Inc employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Foundation For Orthopaedic Research And Education Inc 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, Foundation For Orthopaedic Research And Education Inc generated $4.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (7.9%) each year. All expenses for the organization totaled $4.3m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (6.9%) per year over the past 7 years. 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 FOUNDATION FOR ORTHOPAEDIC RESEARCH AND EDUCATION, INC. ("FORE") HAS AS ITS PRIMARY MISSION THE ADVANCEMENT OF ORTHOPAEDIC KNOWLEDGE THROUGH RESEARCH AND EDUCATION, WITH THE GOAL OF IMPROVING THE DIAGNOSIS, TREATMENT, AND CARE OF ALL PERSONS WITH MUSCULOSKELETAL DISORDERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CLINICAL RESEARCH: THE CLINICAL RESEARCH DEPARTMENT CONDUCTS ORTHOPAEDIC CLINICAL RESEARCH IN THE SUBSPECIALTIES OF UPPER & LOWER EXTREMITIES, SPORTS MEDICINE, JOINT RECONSTRUCTION, TRAUMA AND SPINE. FORE IS DEDICATED TO PERFORMING EVIDENCE-BASED AND ETHICALLY SOUND CLINICAL RESEARCH THAT WILL ADVANCE ORTHOPAEDIC MEDICINE. RESEARCHERS AT FORE COMPLETED 41 RESEARCH PROJECTS DURING 2023. FORE RESEARCHERS PUBLISHED THE RESULTS OF 20 RESEARCH PROJECTS IN PEER-REVIEWED JOURNALS DURING 2023.
CONTINUING MEDICAL EDUCATION (CME): THE ACCME-ACCREDITED CME DEPARTMENT OF FORE PROVIDES OVERSIGHT AND PROGRAM COORDINATION OF NATIONAL CME PROGRAMS. THESE PROGRAMS ARE DESIGNED TO FURTHER THE KNOWLEDGE AND SKILLS OF HEALTHCARE PROVIDERS BY CREATING INTERACTIVE EDUCATIONAL EXPERIENCES LED BY THOUGHT LEADERS IN ORTHOPAEDIC MEDICINE. FORE SPONSORED 20 CONFERENCES WITH TOTAL ENROLLMENT OF 1,945 AND 454.75 TOTAL CME CREDIT-HOURS WERE AWARDED DURING 2023.
CONTINUING MEDICAL EDUCATION (CME): THE ACCME-ACCREDITED CME DEPARTMENT OF FORE PROVIDES OVERSIGHT AND PROGRAM COORDINATION OF NATIONAL CME PROGRAMS. THESE PROGRAMS ARE DESIGNED TO FURTHER THE KNOWLEDGE AND SKILLS OF HEALTHCARE PROVIDERS BY CREATING INTERACTIVE EDUCATIONAL EXPERIENCES LED BY THOUGHT LEADERS IN ORTHOPAEDIC MEDICINE. FORE SPONSORED 20 CONFERENCES WITH TOTAL ENROLLMENT OF 1,945 AND 454.75 TOTAL CME CREDIT-HOURS WERE AWARDED DURING 2023.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Derek Pupello President & | OfficerTrustee | 65 | $307,724 |
Peter Simon Employee | 40 | $167,926 | |
Sergio Gutierrez Research Dir | 40 | $118,984 | |
Susan Johnson Employee | 40 | $103,421 | |
Mark Frankle Board Member | Trustee | 5 | $0 |
Richard Munassi MD MBA Treasurer | OfficerTrustee | 5 | $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 | $1,237,895 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,237,895 |
| Total Program Service Revenue | $2,568,557 |
| Investment income | $38 |
| 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 | $4,002,474 |
| 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. | $307,724 |
| Compensation of current officers, directors, key employees. | $58,468 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,231,873 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $108,111 |
| Payroll taxes | $99,125 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $30,388 |
| Office expenses | $280,725 |
| Information technology | $14,628 |
| Royalties | $0 |
| Occupancy | $96,273 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,184,706 |
| Interest | $10,115 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $165,713 |
| Insurance | $6,475 |
| All other expenses | $0 |
| Total functional expenses | $4,336,904 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $76,070 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $788,725 |
| 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 | $133,570 |
| Net Land, buildings, and equipment | $404,079 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $27,642 |
| Total assets | $1,430,086 |
| Accounts payable and accrued expenses | $1,107,853 |
| Grants payable | $0 |
| Deferred revenue | $286,385 |
| 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 | $140,473 |
| Other liabilities | $86,841 |
| Total liabilities | $1,621,552 |
| Net assets without donor restrictions | -$374,013 |
| Net assets with donor restrictions | $182,547 |
| 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 | $1,430,086 |