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Nonprofiteer
← FOUNDATION FOR PHYSICAL THERAPY RESEARCH INC

Form 990 for tax year 2022

Filed by FOUNDATION FOR PHYSICAL THERAPY RESEARCH INC.

Totals

Total revenue
$2,697,430
Total expenses
$2,223,112
Contributions and grants received
$1,739,509
Grants paid
$1,137,107
Program service revenue
$0
Investment income
$957,921
Other revenue
$0
Total assets, end of year
$23,792,737
Total liabilities, end of year
$1,429,822
Net assets or fund balances, end of year
$22,362,915
Program services expenses (Part IX)
$1,714,177
Management and general expenses
$171,813
Fundraising expenses
$337,122
Program service expenses (Part III)
$1,714,177

Program services were 77.1% 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.

  • 1d · Related organizations

    $537,779

  • 1f · All other contributions, gifts and grants

    $1,201,730

  • 1g · Noncash contributions included above

    $50,408

  • 3 · Investment income

    total $423,675 · excluded $423,675

  • 7a · Gross sales of assets other than inventory

    securities $841,432

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

    securities $307,186

  • 7c · Gain or loss

    securities $534,246

  • 7d · Net gain or loss

    total $534,246 · excluded $534,246

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $1,137,107 · program services $1,137,107

  • 5 · Compensation of officers, directors and key employees

    total $243,650 · program services $146,190 · management and general $17,056 · fundraising $80,404

  • 7 · Other salaries and wages

    total $396,005 · program services $237,603 · management and general $27,720 · fundraising $130,682

  • 8 · Pension plan contributions

    total $9,568 · program services $5,740 · management and general $670 · fundraising $3,158

  • 9 · Other employee benefits

    total $94,602 · program services $56,762 · management and general $6,622 · fundraising $31,218

  • 10 · Payroll taxes

    total $46,489 · program services $27,893 · management and general $3,255 · fundraising $15,341

  • 11b · Fees: legal

    total $5,348 · program services $2,000 · management and general $3,348

  • 11c · Fees: accounting

    total $16,176 · management and general $16,176

  • 11f · Fees: investment management

    total $14,900 · management and general $14,900

  • 11g · Fees: other

    total $61,640 · program services $34,205 · management and general $27,000 · fundraising $435

  • 12 · Advertising and promotion

    total $6,095 · program services $6,095

  • 13 · Office expenses

    total $39,197 · program services $9,314 · management and general $16,047 · fundraising $13,836

  • 14 · Information technology

    total $54,457 · program services $11,749 · management and general $4,149 · fundraising $38,559

  • 17 · Travel

    total $32,519 · program services $9,955 · management and general $12,738 · fundraising $9,826

  • 19 · Conferences, conventions and meetings

    total $28,623 · program services $22,188 · management and general $3,604 · fundraising $2,831

  • 23 · Insurance

    total $3,382 · management and general $3,382

  • 24a · Other expenses: TAXES/REGISTRATION FEES

    total $10,255 · management and general $113 · fundraising $10,142

  • 24b · Other expenses: DUES/REGISTRATION/FEES

    total $7,392 · program services $7,081 · management and general $311

  • 24c · Other expenses: STAFF TRAINING/CONT. ED

    total $5,320 · management and general $5,320

  • 24d · Other expenses: STAFF TRAINING

    total $2,554 · program services $295 · management and general $1,569 · fundraising $690

  • 24e · All other expenses

    total $7,833 · management and general $7,833

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $779,186 · end of year $439,072

  • 2 · Savings and temporary cash investments

    beginning of year $808,946 · end of year $1,112,329

  • 3 · Pledges and grants receivable

    beginning of year $81,502 · end of year $274,045

  • 4 · Accounts receivable

    beginning of year $91,683 · end of year $7,248

  • 9 · Prepaid expenses and deferred charges

    beginning of year $25,040 · end of year $27,620

  • 11 · Investments: publicly traded securities

    beginning of year $26,633,417 · end of year $21,932,423

  • 17 · Accounts payable and accrued expenses

    beginning of year $74,287 · end of year $18,572

  • 18 · Grants payable

    beginning of year $1,220,817 · end of year $1,411,250

  • 27 · Net assets without donor restrictions

    beginning of year $4,742,405 · end of year $4,014,244

  • 28 · Net assets with donor restrictions

    beginning of year $22,382,265 · end of year $18,348,671

Mission and programs · 2022

Mission

THE FOUNDATION'S MISSION IS TO FUND RESEARCH AND DEVELOP RESEARCHERS TO OPTIMIZE MOVEMENT AND HEALTH.

Activities or mission (Part I)

FUNDING PHYSICAL THERAPY RESEARCH THROUGH GRANTS, SCHOLARSHIPS AND FELLOWSHIPS.

  • SCIENTIFIC RESEARCH/GRANTS: THE FOUNDATION IS DEDICATED TO THE GOAL OF IMPROVING THE QUALITY AND DELIVERY OF PATIENT CARE. THE FOUNDATION ACCOMPLISHES THIS BY PROVIDING GRANT SUPPORT TO EMERGING INVESTIGATORS TO PROMOTE SCIENTIFICALLY BASED AND CLINICALLY RELEVANT RESEARCH RELATED TO THE EFFECTIVENESS OF PHYSICAL THERAPY PRACTICE. THE FOUNDATION CONTINUES TO SUPPORT RESEARCHERS AROUND THE COUNTRY WHO ARE NOW DEVELOPING NEW TREATMENTS AND APPROACHES IN MANY ARENAS, SUCH AS: ORTHOPEDICS, GERIATRICS, PEDIATRICS, NEUROLOGY, CHRONIC CONDITIONS, AND CARDIOLOGY. THE FOUNDATION HAS DEVELOPED AND FUNDED A CENTER OF EXCELLENCE, COHSTAR FOR HEALTH SERVICES/HEALTH POLICY RESEARCH AND TRAINING, DIRECTING $250,000 IN SUPPORT OF THE GRANT DURING 2022.

    Expenses $900,576 · Grants $812,107

  • EDUCATIONAL: IN 2022, THE FOUNDATION AWARDED $325,000 IN SCHOLARSHIPS AND FELLOWSHIPS TO SUPPORT PHYSICAL THERAPISTS OR PHYSICAL THERAPISTS ASSISTANTS IN THEIR FIRST YEAR OF A POST-PROFESSIONAL DOCTORAL DEGREE PROGRAM (PODS I) AND POST-CANDIDACY PHASE OF POST-PROFESSIONAL DOCTORAL STUDIES (PODS II).

    Expenses $413,940 · Grants $325,000

  • AWARENESS: THE FOUNDATION STRIVES TO RAISE AWARENESS OF FUNDING OPPORTUNITIES ON A WIDE RANGE OF PHYSICAL THERAPY RESEARCH AREAS AND ITS VITAL ROLE FOR PRACTICING PHYSICAL THERAPISTS WHICH RESULTS IN ADVANCING HEALTHCARE AND OPTIMIZING MOVEMENT OF PATIENTS AND INDIVIDUALS ACROSS ALL AGE AND DISEASE SPECTRUMS.

    Expenses $399,661

As filed on the 2022 return.

Listed in Part VII

  • PAUL ROCKAR

    PRESIDENT/CHAIR

    Total calculated
    $0
    Hours/week
    12

  • STUART BINDER-MACLEOD

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    8

  • DONALD JACKSON

    TREASURER

    Total calculated
    $0
    Hours/week
    8

  • REBECCA CRAIK

    SECRETARY

    Total calculated
    $0
    Hours/week
    8

  • DREW BOSSEN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • TERENCE BROWN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • NANCY BYL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • CHRISTOPHER POWERS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • JIMMY MCKAY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • DWAYNE HOFSTATTER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • MARILYN MOFFAT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    8

  • EVA NORMAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • LINDA VAN DILLEN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • JOE FARRELL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • BARBARA MALM

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $243,650
    From this org
    $185,109
    From related orgs
    $0
    Other
    $58,541
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $185,109
    Bonus
    $0
    Other
    $0
    Deferred
    $19,487
    Nontaxable benefits
    $39,054
    Filer's total
    $243,650

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 · 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

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
2022
Filed
28 April 2023
IRS schema version
2022v5.0
Source object
202301229349301855

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