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← ROTHMAN INSTITUTE ORTHOPAEDIC FOUNDATION

Form 990 for tax year 2023

Filed by ROTHMAN INSTITUTE ORTHOPAEDIC FOUNDATION.

Totals

Total revenue
$861,521
Total expenses
$737,226
Contributions and grants received
$737,797
Grants paid
$535,166
Program service revenue
$0
Investment income
$123,724
Other revenue
$0
Total assets, end of year
$4,109,558
Total liabilities, end of year
$27,899
Net assets or fund balances, end of year
$4,081,659
Program services expenses (Part IX)
$737,226
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$168,551

Program services were 100.0% 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

    $737,797

  • 2a · Program service revenue: JOINT RESEARCH

  • 3 · Investment income

    total $123,724 · excluded $123,724

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 6d · Net rental income or loss

    total $0

  • 7d · Net gain or loss

    total $0

  • 8a · Fundraising events: gross income

    $0

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $535,166 · program services $535,166

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $0

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $0

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $0

  • 10 · Payroll taxes

    total $0

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $0

  • 11c · Fees: accounting

    total $37,347 · program services $37,347

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $0

  • 12 · Advertising and promotion

    total $0

  • 13 · Office expenses

    total $0

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $0

  • 17 · Travel

    total $0

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $0

  • 23 · Insurance

    total $0

  • 24a · Other expenses: RESEARCH

    total $161,613 · program services $161,613 · management and general $0 · fundraising $0

  • 24b · Other expenses: BANK FEES

    total $3,100 · program services $3,100

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $0 · end of year $0

  • 2 · Savings and temporary cash investments

    beginning of year $3,859,778 · end of year $4,000,345

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $0 · end of year $0

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $0 · end of year $0

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

    $193,760

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

    $193,760

  • 11 · Investments: publicly traded securities

    beginning of year $0 · end of year $0

  • 12 · Investments: other securities

    beginning of year $117,386 · end of year $107,599

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $2,248 · end of year $1,614

  • 17 · Accounts payable and accrued expenses

    beginning of year $8,841 · end of year $23,968

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $26,817 · end of year $3,931

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $0 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $1,796,029 · end of year $1,930,511

  • 28 · Net assets with donor restrictions

    beginning of year $2,147,725 · end of year $2,151,148

Mission and programs · 2023

Mission

ROTHMAN INSTITUTE ORTHOPAEDIC FOUNDATION ENGAGES IN AND SUPPORTS BASIC SCIENTIFIC CLINICAL RESEARCH IN DISEASES OF THE SKELETAL SYSTEM AND RELATED ACTIVITIES. THE FOUNDATION ALSO DIRECTLY ENGAGES IN AND SUPPORTS OTHER ORGANIZATIONS WHICH ENGAGE IN RESEARCH AND EDUCATION RELATED TO THE CAUSES, DIAGNOSIS, TREATMENT, PREVENTION, AND CONTROL OF DISEASES OF THE SKELETON IN MAN. THE PRIMARY OBJECTIVES OF ANY RESEARCH PROGRAM ARE TO DEVELOP NEW INFORMATION AND TO DISSEMINATE THIS INFORMATION THROUGH THE PUBLICATION OF ARTICLES AND JOURNALS, THE PRESENTATION OF PAPERS TO MEDICAL AND LAY AUDIENCES, AND NOT TO SATISFY ANY COMMERCIAL OR INDUSTRIAL PURPOSE. THE FOUNDATION DOES NOT ENGAGE IN ACTIVITIES FOR WHICH THE PRIMARY PURPOSE IS TO DIRECTLY PROVIDE TREATMENT OR MEDICAL CARE.

Activities or mission (Part I)

ROTHMAN INSTITUTE ORTHOPAEDIC FOUNDATION ENGAGES IN AND SUPPORTS BASIC SCIENTIFIC CLINICAL RESEARCH IN DISEASES OF THE SKELETAL SYSTEM AND RELATED ACTIVITIES.

  • DIRECT RESEARCH EXPENDITURES AND REIMBURSEMENT OF COSTS TO THOMAS JEFFERSON UNIVERSITY HOSPITAL FOR APPROVED EXPENDITURES IN GENERAL RESEARCH ASSOCIATED WITH ORTHOPAEDIC RESEARCH STUDIES.

    Expenses $168,551 · Grants $535,166

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Alexander Vaccaro

    PRESIDENT/DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Debra Gruenstein Esq

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Bill Rosoff

    director

    Total calculated
    $0
    Hours/week
    0

  • Ray Pennacchia

    director

    Total calculated
    $0
    Hours/week
    0

  • Richard Barnhart

    director

    Total calculated
    $0
    Hours/week
    0

  • John O'Brien

    director

    Total calculated
    $0
    Hours/week
    0

  • Craig Lord

    director

    Total calculated
    $0
    Hours/week
    0

  • Christopher Burch

    director

    Total calculated
    $0
    Hours/week
    0

  • Dean Adler

    director

    Total calculated
    $0
    Hours/week
    0

  • Ed Tufaro

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

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.

Grants on this return

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.

  • Reconstructive Orthopaedic Associates II

    LLC · MEDICAL SERVI · PA

    Directly controlled by NA

Provenance

Return type
form_990
Tax year
2023
Filed
15 November 2024
IRS schema version
2023v5.1
Source object
202403209349310420

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