Spine Intervention Society
- Assets
- $8.4m
- Revenue
- $3.4m
- Investments
- $0.0
- Employees
- 8
- Location
- Hinsdale, IL
- Founding
- 12/1993
- Data as of
- 02/2022
- EIN
- 94-3160988
Organization Overview
Spine Intervention Society is located in Hinsdale, IL. The organization was established in 1993. 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. As of 02/2023, Spine Intervention Society employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Spine Intervention Society 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 02/2022, Spine Intervention Society generated $3.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.1% each year. All expenses for the organization totaled $2.3m during the year ending 02/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Spine Intervention Society has awarded 12 individual grants totaling $669,733. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO LEAD THE ADVANCEMENT OF SCIENCE AND STANDARDS FOR INTERVENTIONAL PAIN MEDICINE
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDES INTERVENTIONAL PAIN EDUCATION FOR PHYSICIANS IN THE FORM OF CONFERENCES, HANDS-ON BIO-SKILLS LABS, PUBLICATIONS, AND ONLINE LEARNING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matthew Smuck MD Past President | Trustee | 4 | $0 |
David J Kennedy MD President | OfficerTrustee | 10 | $0 |
Joshua Rittenberg MD Vice President | OfficerTrustee | 4 | $0 |
Scott Horn MD Secretary | OfficerTrustee | 4 | $0 |
Alison Stout DO Treasurer | OfficerTrustee | 4 | $0 |
Nikolai Bogduk MD Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Science Care Course Lab And F&b Expenses | 2/27/23 | $150,361 |
Bluepay Merchant Fees | 2/27/23 | $115,576 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $209,764 |
| Investment income | $128,803 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $126,135 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $379,806 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,424,801 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $34,700 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $275,476 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $463,326 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $122,590 |
| Payroll taxes | $52,991 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,437 |
| Fees for services: Accounting | $132,509 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $37,875 |
| Fees for services: Other | $44,453 |
| Advertising and promotion | $7,559 |
| Office expenses | $160,292 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $76,027 |
| Travel | $313,889 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $468,729 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $13,910 |
| Insurance | $35,771 |
| All other expenses | $0 |
| Total functional expenses | $2,300,564 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,951,181 |
| Savings and temporary cash investments | $746,874 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,946 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $27,031 |
| Prepaid expenses and deferred charges | $137,765 |
| Investments—publicly traded securities | $4,460,073 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $8,352,167 |
| Accounts payable and accrued expenses | $135,634 |
| Grants payable | $96,464 |
| Deferred revenue | $940,333 |
| 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 | $1,172,431 |
| Net assets without donor restrictions | $7,139,077 |
| Net assets with donor restrictions | $40,659 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $7,179,736 |
Grants Awarded
Over the last fiscal year, Spine Intervention Society has awarded $15,950 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF UTAH PURPOSE: RESEARCH GRANT | $8,000 |
JORDAN-YOUNG INSTITUTE PURPOSE: RESEARCH GRANT | $7,950 |