Form 990 for tax year 2023
Filed by TWIN CITIES ORTHOPEDICS FOUNDATION.
Totals
- Total revenue
- $1,024,966
- Total expenses
- $1,094,774
- Contributions and grants received
- $1,024,966
- Grants paid
- $278,833
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
- Total assets, end of year
- $320,393
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $320,393
- Program services expenses (Part IX)
- $1,086,699
- Management and general expenses
- $8,075
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $1,086,699
Program services were 99.3% 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
$1,024,966
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $176,560 · program services $176,560
-
2 · Grants to domestic individuals
total $102,273 · program services $102,273
-
7 · Other salaries and wages
total $648,688 · program services $648,688
-
11c · Fees: accounting
total $3,662 · management and general $3,662
-
11g · Fees: other
total $2,265 · program services $2,265
-
13 · Office expenses
total $4,146 · program services $2,365 · management and general $1,781
-
14 · Information technology
total $3,125 · program services $3,125
-
16 · Occupancy
total $12,112 · program services $12,112
-
17 · Travel
total $23,436 · program services $23,436
-
24a · Other expenses: EDUCATION AND RESEARCH
total $84,673 · program services $84,673
-
24b · Other expenses: MEALS
total $23,548 · program services $23,548
-
24c · Other expenses: MISSION TRIP
total $2,000 · program services $2,000
-
24d · Other expenses: DUES, LICENSES AND MEMB
total $1,618 · program services $1,618
-
24e · All other expenses
total $6,668 · program services $4,036 · management and general $2,632
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $390,201 · end of year $320,132
-
2 · Savings and temporary cash investments
end of year $261
-
27 · Net assets without donor restrictions
beginning of year $390,201 · end of year $320,393
Mission and programs · 2023
Mission
TO ADVANCE MUSCULOSKELETAL HEALTH THROUGH COMMUNITY SERVICE, ORTHOPEDIC RESEARCH, EDUCATION, AND TRAINING.
Activities or mission (Part I)
PROMOTING ORTHOPEDIC HEALTH AND RESEARCH, EDUCATION AND TRAINING, AND IMPROVING QUALITY OF LIFE.
-
THE IMPROVEMENT OF MUSCULO-SKELETAL HEALTH THROUGH CLINICAL RESEARCH, EDUCATION, TRAINING, ADVOCACY AND COMMUNITY SERVICE. WE ARE AFFILIATED WITH INFINITE HEALTH COLLABORATIVE PA, THE REGION'S LARGEST NETWORK OF ORTHOPEDIC SURGEONS. WE SPONSOR BOTH CLINICAL AND BASIC SCIENCE RESEARCH INTO INNOVATIVE TREATMENTS FOR ORTHOPEDIC DISEASES. IN ADDITION TO TREATING ORTHOPEDIC CONDITIONS AFTER THEY OCCUR, WE ARE STUDYING WAYS TO DELAY THE ONSET AND PREVENT THE CONDITIONS FROM EVER OCCURRING. TO THIS END, WE ENCOURAGE HEALTHY, ACTIVE LIFESTYLES, PROMOTE COMMUNITY SAFETY INITIATIVES AND OUTREACH PROGRAMS TO PREVENT INJURIES BY MAKING PUBLIC SPACES AND RECREATIONAL AREAS SAFER.
Expenses $1,086,699 · Grants $278,832
As filed on the 2023 return.
Listed in Part VII
-
Jay HempeJAY HEMPE
CFO
- Total calculated
- $0
- Hours/week
- 1
-
Dr David GesenswayDR DAVID GESENSWAY
PRESIDENT
- Total calculated
- $0
- Hours/week
- 5
-
Chris BaileyCHRIS BAILEY
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Dr Kurt AndersonDR KURT ANDERSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Dr Scott AnsethDR SCOTT ANSETH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Dr Adam BakkerDR ADAM BAKKER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Dr David PalmerDR DAVID PALMER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Dr Nicholas MeyerDR NICHOLAS MEYER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Dr Peter SandersDR PETER SANDERS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Robert LapradeROBERT LAPRADE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
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
-
EPA AUDIO VISUAL INC
$44,689
GENERAL OPERATING
-
JDRF MINNESOTA & DAKOTAS CHAPTER
$25,500
GENERAL OPERATING
-
$22,500
GENERAL OPERATING
-
ROLLX VANS
$20,000
GENERAL OPERATING
-
$20,000
GENERAL OPERATING
-
NEXT DAY ACCESS
$10,808
GENERAL OPERATING
-
$10,000
GENERAL OPERATING
-
$10,000
GENERAL OPERATING
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 28 March 2024
- IRS schema version
- 2023v5.0
- Source object
- 202431099349300333
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