Louisiana Orthopaedic Association
- Assets
- $847.5k
- Revenue
- $229.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Richmond, VA
- Founding
- 05/1980
- Data as of
- 12/2021
- EIN
- 72-0888676
Organization Overview
Louisiana Orthopaedic Association is located in Richmond, VA. The organization was established in 1980. According to its NTEE Classification (S40) the organization is classified as: Business & Industry, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Louisiana Orthopaedic Association is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2021, Louisiana Orthopaedic Association generated $229.9k 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 (4.0%) each year. All expenses for the organization totaled $180.1k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (3.3%) 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROFESSIONAL MEDICAL EDUCATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOLD AN ANNUAL CONFERENCE TO EDUCATE MEMBERS ON RECENT MEDICAL DEVELOPMENTS.
PROVIDE A NEWSLETTER TO INFORM MEMBERS OF PROFESSIONAL AND REGULATORY DEVELOPMENTS.
RESEARCH LEGISLATION AND REGULATIONS AFFECTING THE PRACTICE OF ORTHOPAEDIC SURGERY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cindy Bishop Executive Director | Officer | 35 | $65,900 |
Dr Claude Williams IV President | OfficerTrustee | 4 | $0 |
Dr Matthew Williams First Vice President | OfficerTrustee | 2 | $0 |
Dr Leslie Sisco-Wise Second Vice President | OfficerTrustee | 2 | $0 |
Dr Steven Hale Treasurer | OfficerTrustee | 2 | $0 |
Dr Ricardo Rodriguez Councilor To The Aaos | OfficerTrustee | 2 | $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 | $2,750 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,750 |
| Total Program Service Revenue | $168,279 |
| Investment income | $46,327 |
| 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 | $229,856 |
| 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. | $60,675 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $45,000 |
| Fees for services: Legal | $250 |
| Fees for services: Accounting | $2,640 |
| Fees for services: Lobbying | $6,400 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $5,279 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $5,148 |
| Information technology | $5,072 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $36,703 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $631 |
| All other expenses | $0 |
| Total functional expenses | $180,067 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $183,941 |
| Savings and temporary cash investments | $48,257 |
| 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 | $9,964 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $605,352 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $847,514 |
| Accounts payable and accrued expenses | $21,403 |
| Grants payable | $0 |
| Deferred revenue | $118,165 |
| 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 | $139,568 |
| Net assets without donor restrictions | $705,446 |
| Net assets with donor restrictions | $2,500 |
| 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 | $847,514 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Louisiana Orthopaedic Association has recieved totaling $46,000.
| Awarding Organization | Amount |
|---|---|
American Association Of Orthopaedic Surgeons Of America Rosemont, IL PURPOSE: STATE SOCIETY ASSISTANCE | $46,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Soundexchange Inc Washington, DC | $739,346,856 | $68,696,516 |
Ltc Reinsurance Pcc Washington, DC | $2,201,458,175 | $98,451,933 |
Green Business Certification Inc Washington, DC | $85,505,548 | $44,270,395 |
Council Of Better Business Bureaus Inc Arlington, VA | $12,407,236 | $29,190,679 |
Alliance For Lifetime Income Washington, DC | $7,619,918 | $19,897,111 |
Ltc Reinsurance Pcc Washington, DC | $361,855,078 | $23,669,640 |
Urac Washington, DC | $81,439,201 | $26,248,621 |
Virginia Equine Alliance Warrenton, VA | $24,647,483 | $20,710,903 |
North American Meat Institute Washington, DC | $15,669,601 | $11,771,364 |
Yaplus Arlington, VA | $14,080,198 | $11,268,285 |
Structured Finance Industry Group Inc Washington, DC | $15,991,884 | $10,124,152 |
Virginia Utility Protection Service Inc Roanoke, VA | $16,444,690 | $8,907,059 |