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← PHYSICAL THERAPY FUND

Form 990 for tax year 2023

Filed by PHYSICAL THERAPY FUND.

Totals

Total revenue
$234,053
Total expenses
$118,647
Contributions and grants received
$228,053
Grants paid
$95,000
Program service revenue
$0
Investment income
$68,398
Other revenue
-$62,398
Total assets, end of year
$4,199,544
Total liabilities, end of year
$13,172
Net assets or fund balances, end of year
$4,186,372
Program services expenses (Part IX)
$110,137
Management and general expenses
$8,510
Fundraising expenses
$0
Program service expenses (Part III)
$110,137

Program services were 92.8% 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.

  • 1c · Fundraising events

    $119,000

  • 1f · All other contributions, gifts and grants

    $109,053

  • 3 · Investment income

    total $61,453 · excluded $61,453

  • 7a · Gross sales of assets other than inventory

    securities $902,685

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

    securities $895,740

  • 7c · Gain or loss

    securities $6,945

  • 7d · Net gain or loss

    total $6,945 · excluded $6,945

  • 8a · Fundraising events: gross income

    $42,360

  • 8a · Fundraising events: contributions included on line 1c

    $119,000

  • 8b · Fundraising events: direct expenses

    $104,758

  • 8c · Net income from fundraising events

    total -$62,398 · excluded -$62,398

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $95,000 · program services $95,000

  • 11c · Fees: accounting

    total $3,647 · program services $3,647

  • 11f · Fees: investment management

    total $6,063 · management and general $6,063

  • 13 · Office expenses

    total $4,360 · program services $4,360

  • 17 · Travel

    total $2,630 · program services $2,630

  • 24a · Other expenses: LECTURE FEES

    total $3,000 · program services $3,000

  • 24b · Other expenses: MAINTENANCE / REPAIR

    total $1,500 · program services $1,500

  • 24e · All other expenses

    total $2,447 · management and general $2,447

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $243,661 · end of year $175,250

  • 3 · Pledges and grants receivable

    beginning of year $28,626 · end of year $100,644

  • 4 · Accounts receivable

    beginning of year $100,629 · end of year $7,625

  • 9 · Prepaid expenses and deferred charges

    beginning of year $5,000 · end of year $22,500

  • 11 · Investments: publicly traded securities

    beginning of year $3,423,453 · end of year $3,893,525

  • 17 · Accounts payable and accrued expenses

    beginning of year $6,859 · end of year $4,172

  • 19 · Deferred revenue

    beginning of year $31,280 · end of year $9,000

  • 28 · Net assets with donor restrictions

    beginning of year $3,763,230 · end of year $4,186,372

Mission and programs · 2023

Mission

THE PHYSICAL THERAPY FUND PROVIDES RESEARCH AND EDUCATIONAL SUPPORT FOR PHYSICAL THERAPY.

  • THE PHYSICAL THERAPY FUND GRANTS SCHOLARSHIPS FOR RESEARCH/EDUCATION IN THE FIELD OF PHYSICAL THERAPY. SPEAKERS DISCUSS RELEVANT TOPICS AT THE LEADERSHIP CONFERENCE WHILE INTERNS CONTRIBUTE TO RESEARCH/EDUCATION ISSUES.

    Expenses $110,137 · Grants $95,000

As filed on the 2023 return.

Listed in Part VII

  • KIM NIXON-CAVE

    PRESIDENT

    Total calculated
    $16,500
    From this org
    $0
    From related orgs
    $16,500
    Other
    $0
    Hours/week
    1 + 20 related

  • CYNTHIA ARMSTRONG

    VICE PRESIDENT

    Total calculated
    $16,500
    From this org
    $0
    From related orgs
    $16,500
    Other
    $0
    Hours/week
    1 + 20 related

  • KYLE COVINGTON

    SECRETARY

    Total calculated
    $20,000
    From this org
    $0
    From related orgs
    $20,000
    Other
    $0
    Hours/week
    1 + 20 related

  • STEVEN WENTZ

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • BERNADETTE YORK

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • CARMEN ELLIOTT

    EXECUTIVE DIRECTOR

    Total calculated
    $223,211
    From this org
    $0
    From related orgs
    $188,251
    Other
    $34,960
    Hours/week
    12 + 28 related

    Schedule J breakdown matched by us

    Base
    $0 + $188,251 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $28,481 related
    Nontaxable benefits
    $0 + $6,479 related
    Filer's total
    $0 + $223,211 related

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

None.

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

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
2 October 2024
IRS schema version
2023v5.1
Source object
202433029349300013

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