Ao North America Charitable Fund
- Assets
- $17.0m
- Revenue
- $4.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Wayne, PA
- Founding
- 07/2019
- Data as of
- 12/2022
- EIN
- 83-0890149
Organization Overview
Ao North America Charitable Fund is located in Wayne, PA. The organization was established in 2019. 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. Ao North America Charitable Fund 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 12/2022, Ao North America Charitable Fund generated $4.0m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 12.9% each year . All expenses for the organization totaled $3.6m during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTING EXCELLENCE IN PATIENT CARE AND OUTCOMES THROUGH EDUCATION, MENTORSHIPS AND RESEARCH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AO NORTH AMERICA CHARITABLE FUND IS A NONPROFIT ORGANIZATION DEDICATED TO SUPPORTING OUR MEMBER SPECIALTIES THROUGH EDUCATION, MENTORSHIP, AND RESEARCH FOCUSED ON THE BEST OUTCOMES FOR PATIENTS. AO NORTH AMERICA SUPPORTS A SIGNIFICANT NUMBER OF EDUCATIONAL EVENTS IN VARIOUS FORMATS, COVERING ALL ASPECTS OF SURGERY AND REACHING OUT TO SURGEONS AT EVERY STAGE OF THEIR CAREERS, AND ALSO PROVIDES GRANTS TO AO NORTH AMERICA CHARITABLE FUND FOR RESEARCH AND FELLOWSHIP ACTIVITIES.EDUCATION AND COMMUNITY DEVELOPMENT: AO NORTH AMERICA (AO NA) IS A LEADING PROVIDER OF EDUCATIONAL EVENTS IN THE UNITED STATES AND CANADA, IN VARIOUS FORMATS, COVERING ALL ASPECTS OF THE ORTHOPAEDIC, SPINE, CRANIOMAXILLOFACIAL, AND VETERINARY SURGERY. THE ORGANIZATION ALSO REACHES OUT TO SURGEONS AT EVERY STAGE OF THEIR CAREERS. AONA CF AND AONA, INC OFFERED 147 EDUCATIONAL EVENTS LAST YEAR. A TOTAL OF 11,900 PARTICIPANTS ATTENDED.
FELLOWSHIP: AONA CF AND AONA, INC. ADMINISTER COMPREHENSIVE FELLOWSHIP PROGRAMS. AONA OFFERS INTENSIVE OPPORTUNITIES FOR FULLY TRAINED ORTHOPEDISTS AND NEUROLOGISTS INTERESTED IN SURGERY. AONA, INC AND AONA CF PROVIDED FUNDING FOR 199 FELLOWS LAST YEAR.
RESEARCH: AO NORTH AMERICA CHARITABLE FUND PERFORMS SPINE RESEARCH -FROM EXPERIMENTAL TO CLINICAL STUDIES. AONA CF RETAINS A LEADERSHIP POSITION IN THE SPINE CARE COMMUNITY BY FOSTERING INNOVATION AND EVIDENCE-BASED CLINICAL PRACTICES. THE ORGANIZATION FUNDED ONE RESEARCH STUDY LAST YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amy Kapatkin President | OfficerTrustee | 0.5 | $25,000 |
Mark Lee Secretary | OfficerTrustee | 5 | $5,000 |
Denis Marcellin-Little Treasurer | OfficerTrustee | 0.5 | $5,000 |
James P Stannard Chairman | OfficerTrustee | 0.5 | $10,000 |
John France Director | Trustee | 0.5 | $5,000 |
Michael Suk Director | Trustee | 0.5 | $5,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $1,500,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $11,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,511,000 |
| Total Program Service Revenue | $1,576,582 |
| Investment income | $716,233 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $175,811 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,979,626 |
| 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 | $502,055 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $62,500 |
| 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 | $0 |
| Fees for services: Legal | $32,650 |
| Fees for services: Accounting | $40,259 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $38,641 |
| Fees for services: Other | $23,636 |
| Advertising and promotion | $0 |
| Office expenses | $106,213 |
| Information technology | $16,003 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $872,456 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,400 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $14,413 |
| All other expenses | $0 |
| Total functional expenses | $3,574,093 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $522,137 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,841 |
| 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 | $17,332 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $16,409,529 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $16,950,839 |
| Accounts payable and accrued expenses | $303,804 |
| Grants payable | $0 |
| Deferred revenue | $1,019,345 |
| 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 | $2,483,452 |
| Total liabilities | $3,806,601 |
| Net assets without donor restrictions | $13,144,238 |
| 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 | $16,950,839 |