Form 990 for tax year 2022
Filed by FOUNDATION FOR ORTHOPAEDIC RESEARCH AND EDUCATION INC.
Totals
- Total revenue
- $3,480,202
- Total expenses
- $3,780,338
- Contributions and grants received
- $714,689
- Grants paid
- $0
- Program service revenue
- $2,590,625
- Investment income
- $94
- Other revenue
- $174,794
- Total assets, end of year
- $1,204,352
- Total liabilities, end of year
- $1,061,388
- Net assets or fund balances, end of year
- $142,964
- Program services expenses (Part IX)
- $3,179,612
- Management and general expenses
- $434,225
- Fundraising expenses
- $166,501
- Program service expenses (Part III)
- $3,179,612
Program services were 84.1% 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
$714,689
-
2a · Program service revenue: CLINICAL RESEARCH STUDIES
total $1,082,378 · related or exempt $1,082,378
-
2b · Program service revenue: VENDOR SUPPORT
total $770,417 · related or exempt $770,417
-
2c · Program service revenue: COURSE REGISTRATION
total $593,679 · related or exempt $593,679
-
2d · Program service revenue: COURSE SPONSORSHIP & INCIDENT
total $144,151 · related or exempt $144,151
-
3 · Investment income
total $94 · excluded $94
-
11a · Other revenue: MANAGEMENT FEES
total $174,794 · related or exempt $174,794
-
11e · Other revenue, total
$174,794
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $307,724 · program services $249,256 · management and general $58,468
-
7 · Other salaries and wages
total $1,265,860 · program services $1,039,032 · management and general $226,828
-
9 · Other employee benefits
total $133,550 · program services $96,759 · management and general $36,791
-
10 · Payroll taxes
total $137,545 · program services $75,206 · management and general $62,339
-
12 · Advertising and promotion
total $7,258 · program services $5,844 · fundraising $1,414
-
13 · Office expenses
total $189,796 · program services $102,987 · management and general $11,569 · fundraising $75,240
-
14 · Information technology
total $36,372 · program services $36,178 · management and general $194
-
16 · Occupancy
total $99,844 · program services $96,130 · management and general $3,714
-
17 · Travel
total $12,618 · program services $11,863 · management and general $22 · fundraising $733
-
19 · Conferences, conventions and meetings
total $904,379 · program services $834,490 · management and general $502 · fundraising $69,387
-
20 · Interest
total $4,026 · program services $4,026
-
22 · Depreciation, depletion and amortization
total $159,884 · program services $159,466 · management and general $418
-
23 · Insurance
total $4,546 · management and general $4,546
-
24a · Other expenses: SURGICAL TRAINING
total $285,924 · program services $270,755 · management and general $10,476 · fundraising $4,693
-
24b · Other expenses: BAD DEBT EXPENSE
total $173,130 · program services $173,130
-
24c · Other expenses: PROFESSIONAL FEES
total $32,716 · program services $4,358 · management and general $18,358 · fundraising $10,000
-
24d · Other expenses: RESEARCH PROJECT
total $25,166 · program services $20,132 · fundraising $5,034
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $218,398 · end of year $53,049
-
4 · Accounts receivable
beginning of year $512,974 · end of year $424,694
-
9 · Prepaid expenses and deferred charges
beginning of year $268,341 · end of year $196,761
-
10a · Land, buildings and equipment: cost or other basis
$2,019,158
-
10b · Land, buildings and equipment: accumulated depreciation
$1,546,064
-
10c · Land, buildings and equipment, net
beginning of year $560,793 · end of year $473,094
-
15 · Other assets
end of year $56,754
-
17 · Accounts payable and accrued expenses
beginning of year $539,835 · end of year $669,692
-
19 · Deferred revenue
beginning of year $234,778 · end of year $218,343
-
24 · Unsecured notes and loans payable
beginning of year $147,905 · end of year $144,241
-
25 · Other liabilities
beginning of year $194,878 · end of year $29,112
-
27 · Net assets without donor restrictions
beginning of year $339,110 · end of year $94,474
-
28 · Net assets with donor restrictions
beginning of year $104,000 · end of year $48,490
Mission and programs · 2022
Mission
THE FOUNDATION FOR ORTHOPAEDIC RESEARCH AND EDUCATION, INC. ("FORE") HAS AS ITS PRIMARY MISSION THE ADVANCEMENT OF ORTHOPAEDIC KNOWLEDGE THROUGH RESEARCH AND EDUCATION, WITH THE GOAL OF IMPROVING THE DIAGNOSIS, TREATMENT, AND CARE OF ALL PERSONS WITH MUSCULOSKELETAL DISORDERS.
-
CLINICAL RESEARCH: THE CLINICAL RESEARCH DEPARTMENT CONDUCTS ORTHOPAEDIC CLINICAL RESEARCH IN THE SUBSPECIALTIES OF UPPER & LOWER EXTREMITIES, SPORTS MEDICINE, JOINT RECONSTRUCTION, TRAUMA AND SPINE. FORE IS DEDICATED TO PERFORMING EVIDENCE-BASED AND ETHICALLY SOUND CLINICAL RESEARCH THAT WILL ADVANCE ORTHOPAEDIC MEDICINE. RESEARCHERS AT FORE COMPLETED 41 RESEARCH PROJECTS DURING 2022. FORE RESEARCHERS PUBLISHED THE RESULTS OF 20 RESEARCH PROJECTS IN PEER-REVIEWED JOURNALS DURING 2022.
Expenses $1,276,637 · Revenue $1,082,378
-
CONTINUING MEDICAL EDUCATION (CME): THE ACCME-ACCREDITED CME DEPARTMENT OF FORE PROVIDES OVERSIGHT AND PROGRAM COORDINATION OF NATIONAL CME PROGRAMS. THESE PROGRAMS ARE DESIGNED TO FURTHER THE KNOWLEDGE AND SKILLS OF HEALTHCARE PROVIDERS BY CREATING INTERACTIVE EDUCATIONAL EXPERIENCES LED BY THOUGHT LEADERS IN ORTHOPAEDIC MEDICINE. FORE SPONSORED 20 CONFERENCES WITH TOTAL ENROLLMENT OF 1,945 AND 454.75 TOTAL CME CREDIT-HOURS WERE AWARDED DURING 2022.
Expenses $1,318,754 · Revenue $1,508,247
-
CONTINUING MEDICAL EDUCATION (CME): THE ACCME-ACCREDITED CME DEPARTMENT OF FORE PROVIDES OVERSIGHT AND PROGRAM COORDINATION OF NATIONAL CME PROGRAMS. THESE PROGRAMS ARE DESIGNED TO FURTHER THE KNOWLEDGE AND SKILLS OF HEALTHCARE PROVIDERS BY CREATING INTERACTIVE EDUCATIONAL EXPERIENCES LED BY THOUGHT LEADERS IN ORTHOPAEDIC MEDICINE. FORE SPONSORED 20 CONFERENCES WITH TOTAL ENROLLMENT OF 1,945 AND 454.75 TOTAL CME CREDIT-HOURS WERE AWARDED DURING 2022.
Expenses $584,221
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Derek PupelloDEREK PUPELLO
PRESIDENT &
- Total calculated
- $307,724
- From this org
- $307,724
- From related orgs
- $0
- Other
- $0
- Hours/week
- 65
Schedule J breakdown matched by us
- Base
- $307,724
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- not reported
- Filer's total
- $307,724
-
Peter SimonPETER SIMON
EMPLOYEE
- Total calculated
- $187,928
- From this org
- $187,928
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $187,928
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- not reported
- Filer's total
- $187,928
-
Sergio GutierrezSERGIO GUTIERREZ
RESEARCH DIR
- Total calculated
- $121,185
- From this org
- $121,185
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Susan JohnsonSUSAN JOHNSON
EMPLOYEE
- Total calculated
- $104,424
- From this org
- $104,424
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Richard Munassi MD MBARICHARD MUNASSI MD MBA
TREASURER
- Total calculated
- $0
- Hours/week
- 5
-
Mark Mighell MDMARK MIGHELL MD
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 5
-
Thomas Bernasek MDTHOMAS BERNASEK MD
SECRETARY
- Total calculated
- $0
- Hours/week
- 5
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.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 26 January 2024
- IRS schema version
- 2022v5.0
- Source object
- 202410309349300726
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
The source document this was parsed from is served over the API, which is where bulk and document access live.