Zimmer Biomet Foundation Inc
- Assets
- $20.6m
- Revenue
- $5.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Warsaw, IN
- Founding
- Data as of
- 12/2022
- EIN
- 83-2382526
Organization Overview
Zimmer Biomet Foundation Inc is located in Warsaw, IN. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Zimmer Biomet Foundation 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 12/2022, Zimmer Biomet Foundation Inc generated $5.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (36.8%) each year. All expenses for the organization totaled $6.8m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Zimmer Biomet Foundation Inc has awarded 127 individual grants totaling $16,213,901. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
ZIMMER BIOMET FOUNDATION, INC. PROVIDED FINANCIAL SUPPORT, PAYING CHARITABLE EXPENSES INCURRED BY MOVEMENT IS LIFE, INC. DIRECTLY, A PUBLIC CHARITY WHICH ADDRESSES HEALTH DISPARITIES IN ORTHOPEDICS IN UNDERSERVED COMMUNITIES AND POPULATIONS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Senior Vice President And Secretary | 1 | $0 | |
Name Not Listed Vice President And Controller | 1 | $0 | |
Name Not Listed President | 1 | $0 | |
Name Not Listed Vice President And Assistant Secretary (term Beg 02/18/22) | 1 | $0 | |
Name Not Listed Senior Vice President | 1 | $0 | |
Name Not Listed Assistant Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $5,000,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $50,000 |
| Total Revenue | $5,050,000 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $212,306 |
| Total operating and administrative expenses | $218,634 |
| Contributions, gifts, grants paid | $6,550,588 |
| Total expenses and disbursements | $6,769,222 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $20,608,812 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Other assets | $0 |
| Total assets | $20,608,812 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
Grants Awarded
Over the last fiscal year, Zimmer Biomet Foundation Inc has awarded $10,550,588 in support to 51 organizations.
| Grant Recipient | Amount |
|---|---|
AKHUWAT USA PURPOSE: SUPPORT OF DISASTER RELIEF EFFORTS | $20,000 |
ALLEN J LYNCH MEDAL OF HONOR FOUNDATION PURPOSE: GENERAL SUPPORT TO ASSIST IN EDUCATION | $2,000 |
AMERICAN ACADEMY OF ORTHOPAEDIC SURGEONS PURPOSE: GENERAL SUPPORT TO ASSIST IN HEALTH & HUMAN SERVICES | $15,000 |
AMERICAN NATIONAL RED CROSS & ITS PURPOSE: SUPPORT OF DISASTER RELIEF EFFORTS | $10,000 |
AMERICARES FOUNDATIONS INC PURPOSE: SUPPORT OF DISASTER RELIEF EFFORTS | $20,000 |
BAKER BOYS CLUB DBA BAKER YOUTH CLUB PURPOSE: GENERAL COMMUNITY SUPPORT DURING HOLIDAYS | $2,000 |