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Nonprofiteer
← ORTHOPAEDIC FOOT & ANKLE FOUNDATION

Form 990 for tax year 2024

Filed by ORTHOPAEDIC FOOT & ANKLE FOUNDATION.

Totals

Total revenue
$1,701,279
Total expenses
$1,911,733
Contributions and grants received
$1,507,199
Grants paid
$1,734,294
Program service revenue
$0
Investment income
$194,080
Other revenue
$0
Total assets, end of year
$13,016,636
Total liabilities, end of year
$520,975
Net assets or fund balances, end of year
$12,495,661
Program services expenses (Part IX)
$1,764,546
Management and general expenses
$129,022
Fundraising expenses
$18,165
Program service expenses (Part III)
$1,764,546

Program services were 92.3% 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

    $1,507,199

  • 3 · Investment income

    total $250,881 · excluded $250,881

  • 7a · Gross sales of assets other than inventory

    securities $2,334,912

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

    securities $2,391,713

  • 7c · Gain or loss

    securities -$56,801

  • 7d · Net gain or loss

    total -$56,801 · excluded -$56,801

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,734,294 · program services $1,734,294

  • 11b · Fees: legal

    total $720 · management and general $720

  • 11c · Fees: accounting

    total $31,306 · management and general $31,306

  • 11f · Fees: investment management

    total $82,568 · management and general $82,568

  • 17 · Travel

    total $9,899 · management and general $9,899

  • 19 · Conferences, conventions and meetings

    total $2,591 · management and general $2,591

  • 24a · Other expenses: HUMANITARIAN OUTREACH

    total $30,252 · program services $30,252

  • 24b · Other expenses: FUNDRAISING

    total $18,165 · fundraising $18,165

  • 24c · Other expenses: BANK AND CREDIT CARD FE

    total $1,938 · management and general $1,938

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $345,471 · end of year $119,047

  • 2 · Savings and temporary cash investments

    beginning of year $363,389 · end of year $93,855

  • 3 · Pledges and grants receivable

    beginning of year $75,550 · end of year $220,689

  • 11 · Investments: publicly traded securities

    beginning of year $10,668,575 · end of year $12,583,045

  • 19 · Deferred revenue

    beginning of year $200,000 · end of year $0

  • 25 · Other liabilities

    beginning of year $289,476 · end of year $520,975

  • 27 · Net assets without donor restrictions

    beginning of year $10,417,705 · end of year $11,776,143

  • 28 · Net assets with donor restrictions

    beginning of year $545,804 · end of year $719,518

Mission and programs · 2024

Mission

TO ACTIVELY ADVANCE THE AMERICAN ORTHOPAEDIC FOOT & ANKLE SOCIETY "AOFAS" MISSION BY PROMOTING AND FUNDING EDUCATION, RESEARCH, SOCIAL IMPACT, AND HUMANITARIAN ENDEAVORS.

Activities or mission (Part I)

TO ACTIVELY ADVANCE THE AMERICAN ORTHOPAEDIC FOOT & ANKLE SOCIETY MISSION.

  • SUPPORT RESEARCH AND EDUCATIONAL ACTIVITIES RELATED TO MEDICAL CARE OF THE FOOT AND ANKLE.

    Expenses $1,764,546 · Grants $1,734,294

As filed on the 2024 return.

Listed in Part VII

  • MACALUS HOGAN MD

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • JOSEPH S PARK MD

    PRESIDENT-ELECT

    Total calculated
    $0
    Hours/week
    1

  • SHELDON S LIN MD

    MEMBER-AT-LARGE

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • CASEY HUMBYRD MD

    TREASURER

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • CHRISTOPHER CHIODO MD

    SECRETARY

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • SCOTT ELLIS MD

    MEMBER-AT-LARGE

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • DAVID THORDARSON MD

    MEMBER-AT-LARGE

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • JOHNATHON BACKUS MD

    MEMBER-AT-LARGE

    Total calculated
    $0
    Hours/week
    1

  • CONSTATINE DEMETRACOPOULOS MD

    MEMBER-AT-LARGE

    Total calculated
    $0
    Hours/week
    1

  • PETER MANGONE MD

    PRESIDENT, THROUGH SEPT 2024

    Total calculated
    $0
    Hours/week
    1

  • MICHAEL ARONOW MD

    MEMBER AT LARGE, THROUGH SEPT 2024

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • J KENT ELLINGTON MD

    MEMBER AT LARGE, THROUGH SEPT 2024

    Total calculated
    $0
    Hours/week
    1

  • ELAINE LARKIN-LEIGHTON

    EXECUTIVE DIRECTOR

    Total calculated
    $469,766
    From this org
    $0
    From related orgs
    $429,483
    Other
    $40,283
    Hours/week
    5 + 45 related

    Schedule J breakdown matched by us

    Base
    $0 + $429,483 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $30,500 related
    Nontaxable benefits
    $0 + $9,783 related
    Filer's total
    $0 + $469,766 related

  • CATHERINE POWERS

    DEVELOPMENT SENIOR MGR

    Total calculated
    $169,111
    From this org
    $0
    From related orgs
    $135,372
    Other
    $33,739
    Hours/week
    39 + 1 related

    Schedule J breakdown matched by us

    Base
    $0 + $135,372 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $21,022 related
    Nontaxable benefits
    $0 + $12,717 related
    Filer's total
    $0 + $169,111 related

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

The filer's explanations (Part III)

SCHEDULE J, PART I, LINE 3
THE TOP MANAGEMENT OFFICIAL IS NOT COMPENSATED BY THE REPORTING ORGANIZATION. THE REPORTING ORGANIZATION RELIES ON AMERICAN ORTHOPAEDIC FOOT & ANKLE SOCIETY (AOFAS), A RELATED ORGANIZATION TO ESTABLISH COMPENSATION FOR THE TOP MANAGEMENT OFFICIAL. THE PROCESS OF THE RELATED ORGANIZATION IS THAT THE EXECUTIVE DIRECTOR HAS AN ANNUAL REVIEW BY THE EXECUTIVE COMMITTEE OF THE BOARD. THE EXECUTIVE DIRECTOR'S COMPENSATION IS COMPARED TO DATA ON COMPENSATION OF EXECUTIVE DIRECTORS WITH COMPARABLE POSITIONS AT SIMILAR ORGANIZATIONS. THE EXECUTIVE DIRECTOR HAS A SIGNED LETTER OF AGREEMENT WITH AOFAS THAT DEFINES COMPENSATION FOR SPECIFIED PERIODS OF TIME AND ELIGIBILITY FOR A BONUS. A BONUS IS GIVEN ON THE DECISION OF THE EXECUTIVE COMMITTEE BASED ON THE ANNUAL REVIEW, IS REPORTED TO THE BOARD BY THE PRESIDENT, AND IS DOCUMENTED IN WRITING TO THE EXECUTIVE DIRECTOR BY THE PRESIDENT.

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

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
2024
Filed
16 June 2025
IRS schema version
2024v5.1
Source object
202501839349300935

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