Orthopaedic Institute For Children Foundation
- Assets
- $231.5m
- Revenue
- $13.5m
- Investments
- $36.8m
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- 07/1926
- Data as of
- 06/2021
- EIN
- 95-1644029
Organization Overview
Orthopaedic Institute For Children Foundation, operating under the name Orthopaedic Foundation, is located in Los Angeles, CA. The organization was established in 1926. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Orthopaedic 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 06/2021, Orthopaedic Foundation generated $13.5m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.5% each year. All expenses for the organization totaled $2.5m during the year ending 06/2021. 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
THE MISSION OF ORTHOPAEDIC INSTITUTE FOR CHILDREN FOUNDATION IS TO SUPPORT THE MEDICAL CARE, RESEARCH AND EDUCATION ACTIVITIES OF ORTHOPAEDIC HOSPITAL, A 501(C)(3) CORPORATION. ORTHOPAEDIC HOSPITAL PROVIDES CARE FOR CHILDREN WITH MUSCULOSKELETAL DISORDERS, REGARDLESS OF ABILITY TO PAY AND ADVANCES CARE WORLDWIDE THROUGH SCIENTIFIC RESEARCH AND MEDICAL EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FINANCIAL SUPPORT - THE ORTHOPAEDIC INSTITUTE FOR CHILDREN FOUNDATION PROVIDES FINANCIAL SUPPORT TO ORTHOPAEDIC HOSPITAL IN ORDER TO CARRY OUT ITS MISSION TO PROVIDE OUTSTANDING MEDICAL CARE FOR CHILDREN WITH MUSCULOSKELETAL DISORDERS, REGARDLESS OF ABILITY TO PAY, AND ADVANCE CARE WORLDWIDE FOR THOSE PATIENTS THROUGH MEDICAL EDUCATION AND SCIENTIFIC RESEARCH.
COMMUNITY SERVICES - THE ORTHOPAEDIC INSTITUTE FOR CHILDREN FOUNDATION CONDUCTS A NUMBER OF COMMUNITY SERVICES, ONE OF THEM IS THE VOLUNTEER PROGRAM WHICH PROVIDES SUPPORT TO ORTHOPAEDIC HOSPITAL'S PATIENTS AND THEIR IMMEDIATE FAMILY MEMBERS, 403 VOLUNTEERS CONTRIBUTED TO THE PROGRAM FOR FISCAL YEAR 2021.
COMMUNITY OUTHREACH - THE ORTHOPAEDIC INSTITUTE FOR CHILDREN FOUNDATION GRANTS SCHOLARSHIPS TO PATIENTS OF ORTHOPAEDIC HOSPITAL AND TO GRADUATE STUDENTS OF ORTHOPAEDIC HOSPITAL MAGNET HIGH SCHOOL. THE RECIPIENTS ARE EVALUATED UNDER THREE CRITERIA: ACADEMIC RECORDS, COMMUNITY SERVICE AND PERSONAL QUALITIES. GRANTS ARE PAID DIRECTLY TO THE SCHOOLS WHERE STUDENTS ARE ACCEPTED FOR COLLEGE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anthony A Scaduto MD President & CEO | OfficerTrustee | 12 | $0 |
Diemlan Lannie Tonnu Vice President & CFO | Officer | 12 | $0 |
Brad Feld Trustee | Trustee | 2 | $0 |
Corina Villaraigosa Trustee | Trustee | 2 | $0 |
Christine Wright Roper Trustee | Trustee | 2 | $0 |
Harold A Davidson Dba Cra Trustee | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Choura Events Event Planner/production | 6/29/21 | $221,131 |
Jack Nadel Inc Marketing Consultant/services | 6/29/21 | $113,484 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $131,385 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,704,188 |
| Noncash contributions included in lines 1a–1f | $144,624 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,835,573 |
| Total Program Service Revenue | $438,746 |
| Investment income | $2,565,077 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $8,724,072 |
| Net Income from Fundraising Events | -$66,423 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $13,497,422 |
| 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 | $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 | $1,113,814 |
| Pension plan accruals and contributions | $4,826 |
| Other employee benefits | $93,899 |
| Payroll taxes | $62,123 |
| Fees for services: Management | $24,000 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $45,360 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $595,584 |
| Fees for services: Other | $234,866 |
| Advertising and promotion | $0 |
| Office expenses | $124,853 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $244 |
| Travel | $4,794 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $120 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,194 |
| Insurance | $0 |
| All other expenses | $2,678 |
| Total functional expenses | $2,460,151 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $185,663 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $2,155,212 |
| 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 | $34,306 |
| Net Land, buildings, and equipment | $15,430 |
| Investments—publicly traded securities | $177,779,004 |
| Investments—other securities | $36,759,461 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $14,539,430 |
| Total assets | $231,468,506 |
| Accounts payable and accrued expenses | $564,773 |
| Grants payable | $0 |
| Deferred revenue | $26,939 |
| 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 | $5,130,557 |
| Total liabilities | $5,722,269 |
| Net assets without donor restrictions | $169,085,489 |
| Net assets with donor restrictions | $56,660,748 |
| 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 | $231,468,506 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Orthopaedic Institute For Children Foundation has recieved totaling $57,363.
| Awarding Organization | Amount |
|---|---|
Susan F Laffer Tr 01-5-06313-0 Nect Dallas, TX PURPOSE: UNRESTRICTED GENERAL | $31,245 |
Seimer Louise F Charitable Trust Dallas, TX PURPOSE: FUNDING FOR SOCIAL WELFARE PROGRAMS BENEFITING THE PHYSICALLY OR MENTALLY INJURED, DISABLED, OR HANDICAPPED | $14,118 |
Mar Vista Charitable Foundation Minnetonka, MN PURPOSE: SUPPORT OF PUBLIC PROGRAMS | $12,000 |
Endowment Analysis
| Beg. Balance | $30,019,785 |
| Earnings | $7,982,000 |
| Other Expense | $901,000 |
| Ending Balance | $37,100,785 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Southern Calif Glaziers H&w Tr Fund Covina, CA | $29,114,155 | $20,946,347 |
Banner Health Foundation Phoenix, AZ | $138,766,928 | $27,502,678 |
Abc California Health Trust San Diego, CA | $8,208,446 | $18,293,053 |
Montage Health Foundation Monterey, CA | $246,774,163 | $32,937,422 |
Sun Health Foundation Sun City West, AZ | $41,548,364 | $9,339,372 |
Providence St Vincent Medical Foundation Portland, OR | $302,625,014 | $42,114,354 |
Providence Portland Medical Foundation Portland, OR | $219,001,384 | $22,077,699 |
John Muir Foundation Walnut Creek, CA | $65,372,142 | $20,131,142 |
Gallo Union Health Trust Modesto, CA | $21,480,077 | $14,963,749 |
Redwood Community Health Network Petaluma, CA | $4,126,775 | $12,982,178 |
Kuakini Foundation Honolulu, HI | $15,169,850 | $4,896,720 |
Martin Luther King Jr Community Health Foundation Los Angeles, CA | $43,323,066 | $8,250,886 |