Musculoskeletal Tumor Society
- Assets
- $2.0m
- Revenue
- $930.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Schaumburg, IL
- Founding
- 01/1995
- Data as of
- 12/2023
- EIN
- 95-4480540
Organization Overview
Musculoskeletal Tumor Society is located in Schaumburg, IL. The organization was established in 1995. According to its NTEE Classification (H99) the organization is classified as: Medical Research N.E.C., under the broad grouping of Medical Research and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Musculoskeletal Tumor 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 12/2023, Musculoskeletal Tumor Society generated $930.5k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (2.5%) each year. All expenses for the organization totaled $845.8k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (3.2%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Musculoskeletal Tumor Society has awarded 22 individual grants totaling $845,390. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO ADVANCE THE SCIENCE OF ORTHOPAEDIC ONCOLOGY AND TO PROMOTE HIGH STANDARDS OF PATIENT CARE
Describe the Organization's Program Activity:
Part 3 - Line 4a
ANNUAL MEETING- A FORUM WHERE ORTHOPAEDIC SURGEONS WHO SPECIALIZE IN BONE TUMOR CANCERS CAN BE EDUCATED ON THE LATEST RESEARCH AND TREATMENTS.
OTHER PROGRAMS
SPECIALTY DAY - A ONE DAY PROGRAM FOR ORTHOPAEDIC SURGEONS TO SHAREORTHOPAEDIC ONCOLOGY INFORMATION DURING THE AMERICAN ACADEMY OFORTHOPAEDIC SURGEONS MEETINGS.
GRANTS AND AWARDS - THE BOARD ALLOCATES RESEARCH FUNDING TO ADVANCERESEARCH IN THE SPECIALTY OF ORTHOPAEDICS. THE BOARD IS RESPONSIBLEFOR ESTABLISHING CRITERIA FOR THE DISTRIBUTION OF FUNDS RAISED,CONDUCTING AN INDEPENDENT PEER REVIEW PROCESS, PREPARING PROMOTIONALINFORMATION AND DISTRIBUTING APPLICATIONS FOR RESEARCH GRANTS ANDAWARDS, AND MAKING DECISIONS REGARDING THE AWARDING OF FUNDS FOR RESEARCH CONSISTENT WITH PROGRAM GOALS AND OBJECTIVES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michelle Ghert Immediate Past President | OfficerTrustee | 1 | $0 |
Benjamin Miller President | OfficerTrustee | 1 | $0 |
Rajiv Rajani President-Elect | OfficerTrustee | 1 | $0 |
Francis Lee Secretary | OfficerTrustee | 1 | $0 |
Michael Mott Past President | OfficerTrustee | 1 | $0 |
Alan Blank Member-At-Large | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $125,950 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $145,477 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $271,427 |
| Total Program Service Revenue | $547,075 |
| Investment income | $28,205 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $18,831 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $930,533 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $94,221 |
| Grants and other assistance to domestic individuals. | $23,562 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $118,534 |
| Compensation of current officers, directors, key employees. | $118,534 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $198,015 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,905 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $12,780 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,599 |
| Office expenses | $6,433 |
| Information technology | $34,813 |
| Royalties | $0 |
| Occupancy | $22,582 |
| Travel | $21,689 |
| 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 | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,750 |
| All other expenses | $12,838 |
| Total functional expenses | $845,832 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $172,393 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $8,000 |
| Accounts receivable, net | $40,000 |
| 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 | $51,685 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,645,846 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $54,366 |
| Total assets | $1,972,290 |
| Accounts payable and accrued expenses | $6,856 |
| Grants payable | $10,000 |
| Deferred revenue | $56,800 |
| 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 | $60,502 |
| Total liabilities | $134,158 |
| Net assets without donor restrictions | $1,148,745 |
| Net assets with donor restrictions | $689,387 |
| 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 | $1,972,290 |
Grants Awarded
Over the last fiscal year, Musculoskeletal Tumor Society has awarded $94,221 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
DUKE UNIVERSITY PURPOSE: RESEARCH AWARD | $9,221 |
MCMASTER UNIVERSITY PURPOSE: RESEARCH AWARD | $10,000 |
MEMORIAL SLOAN KETTERING CANCER CENTER PURPOSE: RESEARCH AWARD | $25,000 |
VANDERBILT UNIVERSITY MEDICAL CENTER PURPOSE: RESEARCH AWARD | $25,000 |
THE GENERAL HOSPITAL CORPORATION PURPOSE: RESEARCH AWARD | $25,000 |