Orthopaedic Hospital
- Assets
- $305.5m
- Revenue
- $60.7m
- Investments
- $0.0
- Employees
- 224
- Location
- Los Angeles, CA
- Founding
- 04/1958
- Data as of
- 06/2022
- EIN
- 95-1644604
Organization Overview
Orthopaedic Hospital, operating under the name Orthopaedic Institute For Children, is located in Los Angeles, CA. The organization was established in 1958. According to its NTEE Classification (E24) the organization is classified as: Specialty Hospitals, under the broad grouping of Health Care and related organizations. As of 06/2022, Orthopaedic Institute For Children employed 224 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Orthopaedic Institute For Children 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 06/2022, Orthopaedic Institute For Children generated $60.7m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.0%) each year. All expenses for the organization totaled $69.9m during the year ending 06/2022. 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
THE MISSION OF LOS ANGELES ORTHOPAEDIC HOSPITAL IS TO PROVIDE OUTSTANDING CARE TO PATIENTS WITH MUSCULOSKELETAL DISORDERS AND THROUGH THE SUPPORT OF THE LOS ANGELES ORTHOPAEDIC HOSPITAL FOUNDATION, TO PROVIDE CARE FOR CHILDREN REGARDLESS OF ABILITY TO PAY AND TO ADVANCE CARE WORLDWIDE FOR ALL MUSCULOSKELETAL PATIENTS THROUGH MEDICAL EDUCATION AND SCIENTIFIC RESEARCH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CLINICAL SERVICES - ORTHOPAEDIC HOSPITAL PROVIDES A WIDE RANGE OF PREVENTIVE, RESTORATIVE, AND REHABILITATIVE HEALTH CARE SERVICES DESIGNED FOR PATIENTS WITH MUSCULOSKELETAL DISORDERS OR HEMOPHILIA.
RESEARCH PROJECTS - ORTHOPAEDIC HOSPITAL CONDUCTS A NUMBER OF BASIC AND CLINICAL RESEARCH PROGRAMS. AMONG THEM ARE IMPROVING THE DURABILITY OF HUMAN JOINT REPLACEMENTS, UNDERSTANDING THE BIOLOGY AND BIOMECHANICS OF FRACTURES AND DEVELOPING NEW SYNTHETIC MATERIALS AND DEVICES TO HELP ORTHOPAEDIC PATIENTS. THE DEPARTMENT ENJOYS A LEADERSHIP POSITION WORLDWIDE FOR THE DEVELOPMENT OF LONGER LASTING MATERIALS FOR JOINT REPLACEMENT.
MEDICAL EDUCATION - AS PART OF ITS ALLIANCE WITH THE UNIVERSITY OF CALIFORNIA, LOS ANGELES (UCLA), ORTHOPAEDIC HOSPITAL PARTICIPATES IN THE EDUCATION OF MEDICAL STUDENTS, ORTHOPAEDIC SURGERY RESIDENTS AND GRADUATE ORTHOPAEDIC SURGEONS. ORTHOPAEDIC HOSPITAL ALSO CONDUCTS A FELLOWSHIP PROGRAM IN PEDIATRIC ORTHOPEDICS. THE PROGRAM IS FULLY ACCREDITED BY THE ACCREDITATION COUNCIL FOR GRADUATE MEDICAL EDUCATION (ACGME).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anthony Scaduto MD President & CEO | OfficerTrustee | 38 | $789,379 |
Cindy Starrett ESQ Director (outgoing) | Trustee | 2 | $0 |
Edward D Fox Jr Director | Trustee | 2 | $0 |
Hilary A Norton Director | Trustee | 2 | $0 |
Jason Silletti Director | Trustee | 2 | $0 |
Joel M Bernstein ESQ Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mcdermott Will & Emery Llp Legal Services | 6/29/22 | $3,941,642 |
Cohnreznick Llp Financial Services | 6/29/22 | $144,508 |
Mckellop Harry Phd Physician Services | 6/29/22 | $121,262 |
Simon Design Marketing Consultant/services | 6/29/22 | $111,181 |
Cr&a Custom Inc Marketing Consultant/services | 6/29/22 | $100,893 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,000,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,000,000 |
| Total Program Service Revenue | $58,711,803 |
| Investment income | $1,013,338 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $60,732,466 |
| 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. | $3,024,523 |
| Compensation of current officers, directors, key employees. | $835,476 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,727,073 |
| Pension plan accruals and contributions | $291,385 |
| Other employee benefits | $898,884 |
| Payroll taxes | $623,250 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,645,653 |
| Fees for services: Accounting | $81,515 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $118,155 |
| Fees for services: Other | $4,725,241 |
| Advertising and promotion | $0 |
| Office expenses | $536,539 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $740,190 |
| Travel | $111,212 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,614 |
| Interest | $387,175 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,510,245 |
| Insurance | $581,114 |
| All other expenses | $222,159 |
| Total functional expenses | $69,911,046 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,284,580 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,296,416 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $17,129,650 |
| Inventories for sale or use | $2,286,043 |
| Prepaid expenses and deferred charges | $776,425 |
| Net Land, buildings, and equipment | $27,815,127 |
| Investments—publicly traded securities | $36,809,063 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $216,065,113 |
| Total assets | $305,462,417 |
| Accounts payable and accrued expenses | $12,514,085 |
| Grants payable | $0 |
| Deferred revenue | $122,681 |
| Tax-exempt bond liabilities | $8,600,000 |
| 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 | $3,037,896 |
| Total liabilities | $24,274,662 |
| Net assets without donor restrictions | $103,437,824 |
| Net assets with donor restrictions | $177,749,931 |
| 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 | $305,462,417 |