Twin Cities Orthopedics Foundation
- Assets
- $320.4k
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Bloomington, MN
- Founding
- 02/2006
- Data as of
- 12/2023
- EIN
- 83-0435069
Organization Overview
Twin Cities Orthopedics Foundation is located in Bloomington, MN. The organization was established in 2006. 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. Twin Cities Orthopedics 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, Twin Cities Orthopedics Foundation generated $1.0m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 12.1% each year . All expenses for the organization totaled $1.1m during the year ending 12/2023. While expenses have increased by 19.2% 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.
Since 2015, Twin Cities Orthopedics Foundation has awarded 34 individual grants totaling $421,122. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTING ORTHOPEDIC HEALTH AND RESEARCH, EDUCATION AND TRAINING, AND IMPROVING QUALITY OF LIFE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE IMPROVEMENT OF MUSCULO-SKELETAL HEALTH THROUGH CLINICAL RESEARCH, EDUCATION, TRAINING, ADVOCACY AND COMMUNITY SERVICE. WE ARE AFFILIATED WITH INFINITE HEALTH COLLABORATIVE PA, THE REGION'S LARGEST NETWORK OF ORTHOPEDIC SURGEONS. WE SPONSOR BOTH CLINICAL AND BASIC SCIENCE RESEARCH INTO INNOVATIVE TREATMENTS FOR ORTHOPEDIC DISEASES. IN ADDITION TO TREATING ORTHOPEDIC CONDITIONS AFTER THEY OCCUR, WE ARE STUDYING WAYS TO DELAY THE ONSET AND PREVENT THE CONDITIONS FROM EVER OCCURRING. TO THIS END, WE ENCOURAGE HEALTHY, ACTIVE LIFESTYLES, PROMOTE COMMUNITY SAFETY INITIATIVES AND OUTREACH PROGRAMS TO PREVENT INJURIES BY MAKING PUBLIC SPACES AND RECREATIONAL AREAS SAFER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jay Hempe CFO | Officer | 1 | $0 |
Dr David Gesensway President | OfficerTrustee | 5 | $0 |
Chris Bailey Treasurer | OfficerTrustee | 1 | $0 |
Dr Kurt Anderson Director | Trustee | 1 | $0 |
Dr Scott Anseth Director | Trustee | 1 | $0 |
Dr Adam Bakker Director | Trustee | 1 | $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 | $1,024,966 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,024,966 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $1,024,966 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $176,560 |
| Grants and other assistance to domestic individuals. | $102,273 |
| 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 | $648,688 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,662 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,265 |
| Advertising and promotion | $0 |
| Office expenses | $4,146 |
| Information technology | $3,125 |
| Royalties | $0 |
| Occupancy | $12,112 |
| Travel | $23,436 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $6,668 |
| Total functional expenses | $1,094,774 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $320,132 |
| Savings and temporary cash investments | $261 |
| 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 | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $320,393 |
| 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 | $320,393 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $320,393 |
Grants Awarded
Over the last fiscal year, Twin Cities Orthopedics Foundation has awarded $163,497 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
EPA AUDIO VISUAL INC PURPOSE: GENERAL OPERATING | $44,689 |
JDRF MINNESOTA & DAKOTAS CHAPTER PURPOSE: GENERAL OPERATING | $25,500 |
FRIENDS OF KAFIKA HOUSE PURPOSE: GENERAL OPERATING | $22,500 |
UNITED HEROES LEAGUE PURPOSE: GENERAL OPERATING | $20,000 |
NEXT DAY ACCESS PURPOSE: GENERAL OPERATING | $10,808 |
PARTNERS4HOPE TANZANIA PURPOSE: GENERAL OPERATING | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Scoliosis Research Society Milwaukee, WI | $19,925,585 | $7,743,353 |
Tria Orthopaedic Center Research Institute Bloomington, MN | $0 | $854,796 |
Twin Cities Orthopedics Foundation Bloomington, MN | $320,393 | $1,024,966 |
Mars Research Inc Gilbert, IA | $64,074 | $0 |
Clear Scoliosis Institute St Cloud, MN | $61,929 | $141,167 |
Foundation For Advancement Of Spinal Knowledge Minneapolis, MN | $279,833 | $0 |
Bennett Clayton Foundation For Children With Oi St Peter, MN | $561,568 | $17,906 |