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← ROTHMAN INSTITUTE ORTHOPAEDIC FOUNDATION

Form 990 for tax year 2024

Filed by ROTHMAN INSTITUTE ORTHOPAEDIC FOUNDATION.

Totals

Total revenue
$364,606
Total expenses
$1,290,262
Contributions and grants received
$225,258
Grants paid
$832,515
Program service revenue
$0
Investment income
$152,762
Other revenue
-$13,414
Total assets, end of year
$3,190,894
Total liabilities, end of year
$65,472
Net assets or fund balances, end of year
$3,125,422
Program services expenses (Part IX)
$1,273,818
Management and general expenses
$16,444
Fundraising expenses
$0
Program service expenses (Part III)
$1,273,818

Program services were 98.7% 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

    $86,986

  • 1f · All other contributions, gifts and grants

    $138,272

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $172,700 · excluded $172,700

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    securities $1,598,918

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

    securities $1,618,856

  • 7c · Gain or loss

    securities -$19,938 · other assets $0

  • 7d · Net gain or loss

    total -$19,938 · excluded -$19,938

  • 8a · Fundraising events: gross income

    $3,050

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

    $86,986

  • 8b · Fundraising events: direct expenses

    $16,464

  • 8c · Net income from fundraising events

    total -$13,414 · excluded -$13,414

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $832,515 · program services $832,515

  • 11c · Fees: accounting

    total $3,325 · management and general $3,325

  • 11g · Fees: other

    total $147,782 · program services $147,782 · management and general $0 · fundraising $0

  • 17 · Travel

    total $11,398 · program services $11,398

  • 24a · Other expenses: Research Expenses

    total $282,123 · program services $282,123

  • 24b · Other expenses: Bank Fees

    total $13,119 · management and general $13,119

  • 24e · All other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $4,000,345 · end of year $464,575

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

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

    $193,760

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

    $193,760

  • 10c · Land, buildings and equipment, net

    end of year $0

  • 11 · Investments: publicly traded securities

    end of year $2,666,968

  • 12 · Investments: other securities

    beginning of year $107,599 · end of year $42,073

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $1,614 · end of year $17,278

  • 17 · Accounts payable and accrued expenses

    beginning of year $23,968 · end of year $0

  • 19 · Deferred revenue

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

  • 22 · Loans and payables to officers and key people

    end of year $0

  • 25 · Other liabilities

    beginning of year $0 · end of year $61,541

  • 27 · Net assets without donor restrictions

    beginning of year $1,930,511 · end of year $1,206,896

  • 28 · Net assets with donor restrictions

    beginning of year $2,151,148 · end of year $1,918,526

Mission and programs · 2024

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 (CONTINUED IN SCHEDULE O)

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 $1,273,818 · Grants $832,515

As filed on the 2024 return.

Listed in Part VII

  • Alexander Vaccaro

    PRESIDENT/DIRECTOR

    Total calculated
    $0

  • Ed Tufaro

    DIRECTOR

    Total calculated
    $0

  • Bill Rosoff

    DIRECTOR

    Total calculated
    $0

  • Christopher Burch

    DIRECTOR

    Total calculated
    $0

  • Craig Lord

    DIRECTOR

    Total calculated
    $0

  • Dean Adler

    DIRECTOR

    Total calculated
    $0

  • Debra Gruenstein ESQ

    DIRECTOR

    Total calculated
    $0

  • John O'Brien

    DIRECTOR

    Total calculated
    $0

  • Ray Pennacchia

    DIRECTOR

    Total calculated
    $0

  • Richard Barnhardt

    DIRECTOR

    Total calculated
    $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.

Provenance

Return type
form_990
Tax year
2024
Filed
18 November 2025
IRS schema version
2024v5.1
Source object
202513219349326276

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