Aorn Foundation
- Assets
- $6.2m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 3
- Location
- Denver, CO
- Founding
- 06/1992
- Data as of
- 12/2021
- EIN
- 84-1193583
Organization Overview
Aorn Foundation is located in Denver, CO. The organization was established in 1992. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, Aorn Foundation employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Aorn 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 12/2021, Aorn Foundation generated $1.8m 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 (4.8%) each year. All expenses for the organization totaled $1.7m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (4.4%) 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
TO ADVANCE PATIENT SAFETY BY SUPPORTING THE NURSES WHO MAKE SURGERY SAFE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FUNDED INITIATIVES - THE FOUNDATION COLLECTS FUNDING THAT IS THEN DIRECTED TO AORN FOR VARIOUS MISSION RELATED PROGRAMS FOR WHICH AORN PROVIDES SERVICES.
SCHOLARSHIPS- AWARDS TO INDIVIDUALS PURSUING, OR ADVANCING, A CAREER IN NURSING THROUGH ACADEMIC EDUCATION.
EDUCATION GRANTS- MONIES TO SUPPLEMENT CONFERENCE REGISTRATIONS OR CERTIFICATION COMPLETION.
OTHER VARIOUS PROGRAM SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Colette Palmer Executive Director, Aorn F | Officer | 40 | $186,206 |
Jennifer Patton End 52021 Vice President | OfficerTrustee | 1 | $0 |
Larry Asplin President | OfficerTrustee | 1 | $0 |
Matt Kohut Treasurer | OfficerTrustee | 1 | $0 |
Alex Hodges Start 72021 Vice President | OfficerTrustee | 1 | $0 |
Linda Groah Ex-Officio Trustee, CEO Of Aorn, Inc. | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $148,183 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,477,988 |
| Noncash contributions included in lines 1a–1f | $87,010 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,626,171 |
| Total Program Service Revenue | $0 |
| Investment income | $198,934 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $4,250 |
| Net Income from Fundraising Events | $13,537 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,842,892 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $315,910 |
| Grants and other assistance to Foreign Orgs/Individuals | $10,651 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $209,453 |
| Compensation of current officers, directors, key employees. | $31,418 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $89,803 |
| Pension plan accruals and contributions | $2,106 |
| Other employee benefits | $18,051 |
| Payroll taxes | $4,748 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,319 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $7,467 |
| Fees for services: Other | $5,700 |
| Advertising and promotion | $7,442 |
| Office expenses | $241 |
| Information technology | $0 |
| 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 | $0 |
| Interest | $0 |
| Payments to affiliates | $968,972 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $6,146 |
| All other expenses | $0 |
| Total functional expenses | $1,668,983 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,044,502 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $224,045 |
| 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 | $18,994 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $4,755,263 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $150,000 |
| Total assets | $6,192,804 |
| Accounts payable and accrued expenses | $412,567 |
| Grants payable | $154,085 |
| Deferred revenue | $619,122 |
| 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 | $1,185,774 |
| Net assets without donor restrictions | $2,025,853 |
| Net assets with donor restrictions | $2,981,177 |
| 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 | $6,192,804 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Aorn Foundation has recieved totaling $243,994.
| Awarding Organization | Amount |
|---|---|
Association Of Operating Room Nurses Inc Denver, CO PURPOSE: GENERAL OPERATING SUPPORT | $200,000 |
American Nurses Foundation Inc Silver Spring, MD PURPOSE: ASSISTANCE TO US REGISTERED NURSES RELATED TO COVID-19 | $23,550 |
Integra Foundation Inc Princeton, NJ PURPOSE: 2022 AORN GLOBAL SURGICAL CONFERENCE AND EXPO PROFESSIONAL DEVELOPMENT GRANTS - SUPPORT FOR NURSING EDUCATION | $20,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $444 |
Endowment Analysis
| Beg. Balance | $2,288,908 |
| Earnings | $101,007 |
| Net Contributions | $216,074 |
| Grants | $69,500 |
| Ending Balance | $2,536,489 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Amg Charitable Gift Foundation Greenwood Village, CO | $149,608,626 | $31,189,759 |
Faith Charitable Trust Omaha, NE | $0 | $922,113 |
Peopleforbikes Foundation Boulder, CO | $3,836,789 | $4,747,548 |
Olathe Health System Inc Olathe, KS | $604,759,622 | $8,223,691 |
Grand Teton National Park Foundation Moose, WY | $17,490,260 | $12,374,107 |
Colorado Springs Health Foundation Colorado Springs, CO | $192,761,783 | $20,158,263 |
Community Clinics At Mrh Craig, CO | $2,546,314 | $4,871,469 |
Park City Community Foundation Park City, UT | $23,921,888 | $11,932,031 |
Love Family Affiliated Fund Of The Oklahoma City Community Foundation Oklahoma City, OK | $15,024,266 | $3,226,115 |
Cnm Ingenuity Incoproration Albuquerque, NM | $23,986,328 | $5,524,320 |
Pi Foundation Inc Salt Lake City, UT | $42,544,136 | $12,945,919 |
Sun Angel Foundation Inc Tempe, AZ | $37,255,454 | $9,354,798 |