Fellowship Of Orthopeadic Researchers Inc is located in Metairie, LA. The organization was established in 2000. According to its NTEE Classification (H50) the organization is classified as: Nerve, Muscle & Bone 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. Fellowship Of Orthopeadic Researchers 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, Fellowship Of Orthopeadic Researchers Inc generated $748.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (11.2%) each year. All expenses for the organization totaled $1.1m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (3.9%) per year over the past 9 years. 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
BROWN CARTILAGE (CARTILAGE REPAIR & REGENERATION PROGRAM)PATIENTS, WHOSE ACTIVITIES ARE LIMITED DUE TO ARTHRITIC KNEES BUT WHOSE PAIN IS NOT YET SEVERE ENOUGH TO WARRANT A TOTAL KNEE REPLACEMENT, FACE A PAUCITY OF TREATMENT OPTIONS. THE ARTICULAR CARTILAGE REPLACEMENT PROGRAM HAS SUCCESSFULLY DEVELOPED A NOVEL MINIMALLY INVASIVE DEVICE TO REPLACE THE LOST AND DAMAGED CARTILAGE AND BONE IN THE MEDIAL CONDYLE AND THE PATELLA OF THE KNEE IN THESE PATIENTS. THIS TECHNOLOGY HAS BEEN FULLY DEVELOPED INTO A CLINICAL TRIAL READY IMPLANT SYSTEM. DURING 2023, THE FOUNDATION CONTINUED TO EXPLORE PARTNERS AND DONORS TO MAKE THIS TREATMENT AVAILABLE TO PATIENTS. THE INTELLECTUAL PROPERTY DEVELOPED HAS BEEN MAINTAINED AND THE R AND D ACTIVITIES ARE WINDING DOWN. OPPORTUNITIES TO EXPLOIT THE TECHNOLOGY WERE SOUGHT.
BROWN PROSTHESIS (DIRECT TO SKELETON ATTACHMENT PROSTHESIS PROGRAM)THE PROSTHETIC ATTACHMENT PROGRAM DEVELOPED A PROSTHETIC LIMB IN WHICH AN IMPLANT WITHIN THE RESIDUAL LIMB REACTS WITH THE PROSTHETIC SOCKET TO PROVIDE A STABLE, NON-CONTACT CONNECTION BETWEEN THE PATIENT AND THE PROSTHESIS. THE INTERACTION OF THE SPECIALLY DESIGNED MAGNETIC SYSTEMS RESULTS IN A SYSTEM OF FORCES, BY WHICH THE PROSTHESIS AND THE PATIENT'S SKELETON ARE HELD IN MECHANICAL EQUILIBRIUM, ELIMINATING PAIN AND SOFT TISSUE COMPLICATIONS ASSOCIATED WITH TRADITIONAL LIMB PROSTHESES. THIS PROGRAM HAS CONCLUDED AND THE TECHNOLOGY AND KNOWLEDGE GAINED WILL BE TRANSITIONED TO THE MAGNETIC SPINAL APPLICATIONS PROGRAM AS WELL AS SHARED WITH COLLABORATORS. PROTECTION OF INTELLECTUAL PROPERTIES THAT WERE DEVELOPED AS PART OF THIS PROGRAM WILL CONTINUE TO BE AN ONGOING ACTIVITY, HOWEVER, NO EXPENSES WERE INCURRED DURING THE 2023 CALENDAR YEAR.
MAGNETIC SPINAL APPLICATIONS PROGRAM INSTABILITY AND DEGENERATION OF THE SPINE IS A DEBILITATING CONDITION THAT AFFECTS MILLIONS OF PEOPLE. TREATMENTS TYPICALLY INVOLVE SURGICAL STABILIZATION WITH VARYING RESULTS AND WIDE VARIATION IN OUTCOMES. IN 2020, FOR BEGAN RESEARCH AND DEVELOPMENT ON THE MAGNETIC SPINAL APPLICATIONS PROGRAM TO BUILD ON THE TECHNOLOGIES AND APPLY KNOWLEDGE GAINED IN EARLIER RELATED BASIC SCIENCE PROGRAMS. YEAR 2023 ACTIVITIES INCLUDED FURTHER 3-DIMENSIONAL MODELLING OF OPTIMIZED MAGNETIC FIELD CONFIGURATION, SIMULATED IMPLANT DESIGNS, AND THEIR INTERACTIONS WITH MODELS OF THE HUMAN BODY WERE CONDUCTED. OTHER ACTIVITIES AND ACHIEVEMENTS IN 2023 INCLUDED THE DEVELOPMENT AND MANUFACTURE OF A MAGNETIC SYSTEM FOR USE IN THE CERVICAL SPINE. THE REGULATORY STRATEGY WAS IMPLEMENTED AND SAFETY AND EFFICACY TESTING BEGUN ON THE PROTOTYPE SYSTEM. SOURCED VENDORS FOR MAGNETIC MATERIALS AND COATING WERE CONTRACTED AND INITIAL DEVICES DEVELOPED IN COOPERATION.
SCOLIOSIS MAGNETIC SPINE APPLICATION PROGRAM SCOLIOSIS IS A SIDEWAYS CURVATURE OF THE SPINE MOST OFTEN DIAGNOSED IN ADOLESCENTS. THE CAUSE OF MOST SCOLIOSIS IS UNKNOWN AND TERMED "ADOLESCENT IDIOPATHIC SCOLIOSIS OR AIS. IN GENERAL, SCOLIOSIS IS A PROGRESSIVE CONDITION, MEANING THAT IN SOME PATIENTS IT HAS A TENDENCY TO WORSEN WITH AGE WITHOUT CLINICALLY MEANINGFUL INTERVENTION. THE FOR APPROACH TO TREATING AIS IS INTENDED TO REDUCE THE EXTENT AND FREQUENCY OF OPERATIVE INTERVENTIONS, THUS REDUCING THE OVERALL MORBIDITY AND RISK TO THE PATIENT. THE OVERALL GOAL OF THE SCOLIOSIS SPINE PROGRAM IS TO DEVELOP A METHOD TO TREAT AIS USING MAGNET TECHNOLOGY TO CORRECT SPINE CURVATURE AND PREVENT SCOLIOTIC CURVE PROGRESSION. THE SCOLIOSIS PROGRAM BEGAN IN 2023 AND MAJOR ACTIVITIES INCLUDED TRANSITIONING AND BUILDING UPON THE MAGNET SPINE APPLICATIONS TO BE UTILIZED IN THE SCOLIOSIS APPLICATION. IN ADDITION, PROTECTION OF INTELLECTUAL PROPERTIES FOR MAG. SPINE APP. PROGRAM WILL CONTINUE.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Samantha L Salkeld Director | 40 | $150,755 | |
Stephen D Cook PHD Director | 40 | $232,802 | |
Laura Patron Staff | 40 | $111,204 | |
Liam Nolan Staff | 40 | $71,671 |
Statement of Revenue | |
---|---|
Contributions, Gifts, Grants & Similar | $712,500 |
Interest on Savings | $2 |
Dividends & Interest | $37,235 |
Net Rental Income | $0 |
Net Gain on Sale of Assets | -$1,733 |
Capital Gain Net Income | $0 |
Net ST Capital Gain | $0 |
Income Modifications | $0 |
Profit on Inventory Sales | $0 |
Other Income | $0 |
Total Revenue | $748,004 |
Statement of Expenses | |
---|---|
Compensation of officers, directors, trustees, etc | $620,509 |
Other employee salaries and wages | $45,650 |
Pension plans, employee benefits | $14,960 |
Interest | $0 |
Taxes | $41,464 |
Depreciation | $23,696 |
Occupancy | $48,294 |
Travel, conferences, and meetings | $4,336 |
Printing and publications | $342 |
Other expenses | $76,742 |
Total operating and administrative expenses | $1,089,706 |
Contributions, gifts, grants paid | $0 |
Total expenses and disbursements | $1,089,706 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $245,035 |
Savings and temporary cash investments | $719,508 |
Net Accounts receivable | $0 |
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 | $0 |
Net Investments - land, buildings, equipment | $0 |
Investments—mortgage loans | $0 |
Investments—other | $0 |
Net Land, buildings, and equipment | $73,377 |
Other assets | $0 |
Total assets | $1,037,920 |
Accounts payable and accrued expenses | $66,402 |
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 | $66,402 |
Organization Name | Assets | Revenue |
---|---|---|
Spine Institute Of Louisiana Foundation Inc Shreveport, LA | $612,749 | $1,425,848 |
Fellowship Of Orthopeadic Researchers Inc Metairie, LA | $1,037,920 | $748,004 |
Carrell Clinic Foundation Dallas, TX | $274,271 | $82,143 |
Ryans Lake Hunting & Fishing Club Lufkin, TX | $53,994 | $0 |
Jefferson Davis Community Hospital Prentiss, MS | $1,163,850 | $0 |
Memorial Bone & Joint Research Foudation Houston, TX | $0 | $19,080 |
Spine Group Of Texas Research Foundation Houston, TX | $27,620 | $0 |
Texas Hip And Knee Foundation Fort Worth, TX | $154,384 | $0 |
Foundation For Southwest Orthopedic Research Houston, TX | $20,061 | $0 |
Hipkneearkansas Foundation Little Rock, AR | $68,952 | $70 |
Arkansas Spinal Cord Foundation Inc Little Rock, AR | $521 | $0 |
Shazia And Meraj Siddiqui Foundation Inc Batesville, AR | $4,017 | $0 |