Congress Medical Foundation
- Assets
- $611.2k
- Revenue
- $503.8k
- Investments
- $245.0k
- Employees
- 0
- Location
- Pasadena, CA
- Founding
- 01/2001
- Data as of
- 12/2021
- EIN
- 95-4815692
Organization Overview
Congress Medical Foundation is located in Pasadena, CA. The organization was established in 2001. According to its NTEE Classification (G05) the organization is classified as: Research Institutes & Public Policy Analysis, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Congress Medical 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, Congress Medical Foundation generated $503.8k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 45.6% each year . All expenses for the organization totaled $701.3k during the year ending 12/2021. While expenses have increased by 54.3% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONDUCTED VARIOUS RESEARCH PROJECTS, STUDIES AND LABS. THE FOLLOWING WERE SOME OF THE TOPICS:1) BIOMECHANICAL EVALUATION OF GRAFT FIXATION CHARACTERISTICS: ARTHREX TENSIONLOC AND S&N DOUBLE SPIKE PLATE 2) BIOMECHANICAL ASSESSMENT OF GLENOID RECONSTRUCTION WITH REMPLISSAGE VERSUS LATARJET IN A BIPOLAR BONE LOSS MODEL 3) A CADAVERIC BIOMECHANICAL STUDY OF GLENOID PARTIAL ARTHROPLASTY FOR ANTERIOR GLENOID BONE EROSION 4) BIOMECHANICAL ASSESSMENT OF GLENOID RECONSTRUCTION WITH REMPLISSAGE VERSUS LATARJET IN A BIPOLAR BONE LOSS MODEL 5) BIOMECHANICAL EVALUATION OF OPEN BANKART AND SOFT TISSUE BRISTOW PROCEDURES IN A 10% GLENOID BONE LOSS ANTERIOR SHOULDER INSTABILITY MODEL 6) PRELIMINARY CADAVERIC STUDY TO DEVELOP AND VALIDATE A CADAVERIC MODEL USING A CUSTOM IMPLANT FOR TROCHLEAR DYSPLASIA 7) BIOMECHANICAL COMPARISON OF TRAPEZIOMETACARPAL JOINT DORSORADIAL LIGAMENT REPAIR WITH AND WITHOUT INTERNAL BRACE AUGMENTATION 8) LATER OF RTSA: CADAVERIC BIOMECHANICAL STUDY 9) CADAVER LAB
PROVIDED A COURSE FOR THE FELLOWS THAT COVERED THE FOLLOWING TOPICS:1) STEP BY STEP BANKART REPAIR 2) LATARJET PROCEDURE 3) SLAP REPAIR 4) POSTERIOR LABRAL REPAIR 5) ROTATOR CUFF REPAIR TIPS AND PEARLS 6) BICEPS-CONTROVERSY, INDICATION, TECHNIQUESHOULDER LAB 7) ACL RECONSTRUCTION TECHNIQUES 8) MENISCAL REPAIR TECHNIQUES 9) PATELLAR STABILIZATION TECHNIQUES 10) OSTEOCHONDRAL ALLOGRAFT TECHNIQUES 11) KNEE LAB
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Costigan Vice President | 3 | $0 | |
Gregory J Adamson President | 5 | $0 | |
Rishi Garg Vice President | 3 | $0 | |
James A Shankwiler C.f.o. | 3 | $0 | |
Michael J Fraipont Secretary | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Thay Q Lee Phd Inc | 12/30/21 | $300,748 |
Michelle Mcgarry Inc | 12/30/21 | $150,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $492,601 |
| Interest on Savings | $0 |
| Dividends & Interest | $8,516 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,646 |
| Capital Gain Net Income | $2,646 |
| Net ST Capital Gain | $2,646 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $70 |
| Total Revenue | $503,833 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $6,673 |
| Occupancy | $125,848 |
| Travel, conferences, and meetings | $12,278 |
| Printing and publications | $0 |
| Other expenses | $544,475 |
| Total operating and administrative expenses | $701,257 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $701,257 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $259,920 |
| Savings and temporary cash investments | $7,590 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $98,685 |
| Other assets | $0 |
| Total assets | $611,186 |
| Accounts payable and accrued expenses | $2,202 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,202 |
Grants Awarded
Over the last fiscal year, Congress Medical Foundation has awarded $13,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
MICHELLE H MCGARRY MS PURPOSE: RESEARCH | $12,000 |
HENRY J KAISER FAMILY FOUNDATION PURPOSE: RESEARCH | $1,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Congress Medical Foundation has recieved totaling $27,270.
| Awarding Organization | Amount |
|---|---|
Joint Restoration Foundation Inc Centennial, CO PURPOSE: GRANT TO SUPPORT JOINT RESTORATION FOUNDATION'S MISSION | $27,270 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Proteogenomics Research Institute For Systems Medicine San Diego, CA | $645,330 | $6,338,425 |
San Diego Spine Foundation San Diego, CA | $2,060,232 | $805,528 |
International Society For Peritoneal Dialysis Los Altos, CA | $2,376,793 | $909,377 |
Global Viral Menlo Park, CA | $1,078,579 | $704,425 |
T1international Usa Portland, OR | $443,314 | $917,203 |
Congress Medical Foundation Pasadena, CA | $611,186 | $503,833 |
Coalition For Reasonable Vaping Regulation San Francisco, CA | $136,490 | $0 |
Whittemore Peterson Institute Reno, NV | $937,641 | $290,630 |
Cardiovascular Institute Of Chicago Phoenix, AZ | $0 | $10,457 |
Rare Science Encinitas, CA | $24,930 | $0 |
Coral Caye Foundation La Habra, CA | $12,974 | $0 |
Arnew Foundation Walnut Creek, CA | $0 | $397 |