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← ORTHOPAEDIC RESEARCH AND EDUCATION FOUNDATION

Form 990 for tax year 2022

Filed by ORTHOPAEDIC RESEARCH AND EDUCATION FOUNDATION.

Totals

Total revenue
$3,641,953
Total expenses
$5,574,158
Contributions and grants received
$3,219,832
Grants paid
$2,130,495
Program service revenue
$0
Investment income
$422,121
Other revenue
$0
Total assets, end of year
$22,252,031
Total liabilities, end of year
$4,921,101
Net assets or fund balances, end of year
$17,330,930
Program services expenses (Part IX)
$4,167,691
Management and general expenses
$514,207
Fundraising expenses
$892,260
Program service expenses (Part III)
$4,167,691

Program services were 74.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $3,219,832

  • 3 · Investment income

    total $324,472 · excluded $324,472

  • 7a · Gross sales of assets other than inventory

    securities $3,771,673

  • 7b · Less cost or other basis and sales expenses

    securities $3,674,024

  • 7c · Gain or loss

    securities $97,649

  • 7d · Net gain or loss

    total $97,649 · excluded $97,649

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,130,495 · program services $2,130,495

  • 5 · Compensation of officers, directors and key employees

    total $361,644 · program services $229,282 · management and general $52,664 · fundraising $79,698

  • 7 · Other salaries and wages

    total $1,351,077 · program services $846,760 · management and general $201,366 · fundraising $302,951

  • 8 · Pension plan contributions

    total $80,891 · program services $64,072 · management and general $5,770 · fundraising $11,049

  • 9 · Other employee benefits

    total $238,879 · program services $122,717 · management and general $48,290 · fundraising $67,872

  • 10 · Payroll taxes

    total $114,095 · program services $85,315 · management and general $10,515 · fundraising $18,265

  • 11a · Fees: management

    total $86,527 · program services $43,789 · management and general $21,074 · fundraising $21,664

  • 11b · Fees: legal

    total $7,199 · program services $3,643 · management and general $1,753 · fundraising $1,803

  • 11c · Fees: accounting

    total $22,200 · program services $11,235 · management and general $5,407 · fundraising $5,558

  • 11f · Fees: investment management

    total $32,868 · program services $16,368 · management and general $8,403 · fundraising $8,097

  • 12 · Advertising and promotion

    total $192,338 · program services $103,822 · management and general $10,380 · fundraising $78,136

  • 13 · Office expenses

    total $72,071 · program services $34,106 · management and general $23,836 · fundraising $14,129

  • 14 · Information technology

    total $161,604 · program services $101,494 · management and general $23,986 · fundraising $36,124

  • 16 · Occupancy

    total $181,303 · program services $38,212 · management and general $36,146 · fundraising $106,945

  • 17 · Travel

    total $30,744 · program services $17,322 · management and general $2,261 · fundraising $11,161

  • 19 · Conferences, conventions and meetings

    total $361,469 · program services $232,413 · management and general $12,040 · fundraising $117,016

  • 22 · Depreciation, depletion and amortization

    total $11,432 · program services $7,180 · management and general $1,696 · fundraising $2,556

  • 23 · Insurance

    total $87,221 · program services $74,684 · management and general $5,003 · fundraising $7,534

  • 24a · Other expenses: Bad debt

    total $40,000 · management and general $40,000

  • 24b · Other expenses: Dues and subscriptions

    total $7,614 · program services $4,782 · management and general $1,130 · fundraising $1,702

  • 24c · Other expenses: Miscellaneous

    total $2,487 · management and general $2,487

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $231 · end of year $232

  • 2 · Savings and temporary cash investments

    beginning of year $3,764,516 · end of year $2,510,564

  • 3 · Pledges and grants receivable

    beginning of year $1,075,865 · end of year $1,487,666

  • 9 · Prepaid expenses and deferred charges

    beginning of year $91,304 · end of year $54,606

  • 10a · Land, buildings and equipment: cost or other basis

    $181,754

  • 10b · Land, buildings and equipment: accumulated depreciation

    $167,611

  • 10c · Land, buildings and equipment, net

    beginning of year $25,575 · end of year $14,143

  • 11 · Investments: publicly traded securities

    beginning of year $12,757,300 · end of year $13,343,812

  • 15 · Other assets

    beginning of year $4,607,697 · end of year $4,841,008

  • 17 · Accounts payable and accrued expenses

    beginning of year $194,009 · end of year $514,904

  • 18 · Grants payable

    beginning of year $3,062,602 · end of year $3,560,624

  • 25 · Other liabilities

    beginning of year $619,079 · end of year $845,573

  • 27 · Net assets without donor restrictions

    beginning of year -$239,896 · end of year -$1,667,970

  • 28 · Net assets with donor restrictions

    beginning of year $18,686,694 · end of year $18,998,900

Mission and programs · 2022

Mission

The Orthopaedic Research and Education Foundation (OREF) mission is improving lives by supporting excellence in orthopaedic research. OREF's vision is that it will be the leader in supporting orthopaedic research to improve function, eliminate pain and restore mobility.

Activities or mission (Part I)

Improving lives by supporting excellence in orthopaedic research.

  • Grant program: The purpose of OREF is to support research into the causes and treatment of musculoskeletal diseases and injuries. OREF's niche is supporting surgeon-researchers and PHD-researchers in basic science/translation, clinical, and health services research.

    Expenses $4,167,691 · Grants $2,130,495 · Revenue $2,130,495

  • OREF's education program offers new orthopaedic medical researchers the opportunity to develop their research interests and skills. Through educational programming, OREF supports emerging talent to help them successfully pursue research careers.

As filed on the 2022 return.

Listed in Part VII

  • Thomas P Sculco MD

    President

    Total calculated
    $0
    Hours/week
    5

  • Joshua J Jacobs MD

    President Elect

    Total calculated
    $0
    Hours/week
    5

  • Richard F Kyle MD

    Past President

    Total calculated
    $0
    Hours/week
    5

  • Andrew N Pollak MD

    Secretary/Treasurer

    Total calculated
    $0
    Hours/week
    5

  • Francis Y Lee MD PhD

    Chair RGC

    Total calculated
    $0
    Hours/week
    5

  • Jeffrey S Abrams MD

    Chair, Innovations & Partnership

    Total calculated
    $0
    Hours/week
    5

  • Richard F Santore MD

    Chair-Individual Developme

    Total calculated
    $0
    Hours/week
    5

  • Annunziato Amendola MD

    Trustee

    Total calculated
    $0
    Hours/week
    5

  • Daniel J Berry MD

    Trustee

    Total calculated
    $0
    Hours/week
    5

  • David C Templeman MD

    Trustee

    Total calculated
    $0
    Hours/week
    5

  • Eric V Dremel

    Trustee

    Total calculated
    $0
    Hours/week
    5

  • B Sonny Bal MD JD MBA PhD

    Trustee

    Total calculated
    $0
    Hours/week
    5

  • Evalina Burger-Van der Walt MD

    Trustee

    Total calculated
    $0
    Hours/week
    5

  • James R Ficke MD

    Trustee

    Total calculated
    $0
    Hours/week
    5

  • Jeremie M Axe MD

    Trustee

    Total calculated
    $0
    Hours/week
    5

  • John D Kelly IV MD

    Trustee

    Total calculated
    $0
    Hours/week
    5

  • Karen L Hackett

    Trustee

    Total calculated
    $0
    Hours/week
    5

  • Mary Lloyd Ireland MD

    Trustee

    Total calculated
    $0
    Hours/week
    5

  • Michael M Chau MD PhD

    Trustee

    Total calculated
    $0
    Hours/week
    5

  • Michael P Bolognesi MD

    Trustee

    Total calculated
    $0
    Hours/week
    5

  • Nicholas M Bernthal MD

    Trustee

    Total calculated
    $0
    Hours/week
    5

  • Stuart Weinstein MD

    Trustee

    Total calculated
    $0
    Hours/week
    5

  • Lee Grossman

    CEO

    Total calculated
    $388,553
    From this org
    $324,493
    From related orgs
    $0
    Other
    $64,060
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $324,493
    Bonus
    $0
    Other
    $0
    Deferred
    $31,523
    Nontaxable benefits
    $32,537
    Filer's total
    $388,553

  • Deborah Cummins

    VP of Research and Grants

    Total calculated
    $178,269
    From this org
    $136,086
    From related orgs
    $0
    Other
    $42,183
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $136,086
    Bonus
    $0
    Other
    $0
    Deferred
    $12,054
    Nontaxable benefits
    $30,129
    Filer's total
    $178,269

  • Edward Hoover

    Senior VP of Development

    Total calculated
    $199,725
    From this org
    $145,009
    From related orgs
    $0
    Other
    $54,716
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $145,009
    Bonus
    $0
    Other
    $0
    Deferred
    $12,891
    Nontaxable benefits
    $41,825
    Filer's total
    $199,725

  • Karen Pubentz

    Sr. Director of Communicat

    Total calculated
    $161,906
    From this org
    $138,009
    From related orgs
    $0
    Other
    $23,897
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $138,009
    Bonus
    $0
    Other
    $0
    Deferred
    $6,469
    Nontaxable benefits
    $17,428
    Filer's total
    $161,906

  • John Johnson

    Campaigns Director

    Total calculated
    $120,366
    From this org
    $108,644
    From related orgs
    $0
    Other
    $11,722
    Hours/week
    40

  • Dan Krupp

    Corporate Relations/Innova

    Total calculated
    $160,595
    From this org
    $147,484
    From related orgs
    $0
    Other
    $13,111
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $147,484
    Bonus
    $0
    Other
    $0
    Deferred
    $7,781
    Nontaxable benefits
    $5,330
    Filer's total
    $160,595

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • Charitable Remainder Trusts

    T · Charitable trusts · IL

Provenance

Return type
form_990
Tax year
2022
Filed
15 February 2024
IRS schema version
2022v5.0
Source object
202420469349302357

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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