Childrens Orthopaedic Surgery Foundation Inc

Organization Overview

Childrens Orthopaedic Surgery Foundation Inc is located in Boston, MA. The organization was established in 1988. According to its NTEE Classification (E12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Health Care and related organizations. As of 09/2021, Childrens Orthopaedic Surgery Foundation Inc employed 47 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Childrens Orthopaedic Surgery Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 09/2021, Childrens Orthopaedic Surgery Foundation Inc generated $69.4m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 8.3% each year. All expenses for the organization totaled $66.6m during the year ending 09/2021. While expenses have increased by 10.2% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Since 2018, Childrens Orthopaedic Surgery Foundation Inc has awarded 28 individual grants totaling $1,341,407. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE FOUNDATION PROVIDES ORTHOPAEDIC SURGERY SERVICES, MEDICAL RESEARCH, AND (SEE SCHEDULE O) EDUCATIONAL SERVICES TO BOSTON CHILDREN'S HOSPITAL AND HARVARD MEDICAL SCHOOL. THE FOUNDATION ALSO PROVIDES CARE FOR PATIENTS LOCATED IN MASSACHUSETTS IN NEED OF ORTHOPAEDIC SERVICES, REGARDLESS OF THEIR ABILITY TO PAY, AS WELL AS PROVIDING AND SUPPORTING HOSPITAL AND COMMUNITY BASED SERVICES THAT ARE LIMITED IN THE COMMUNITY.

Describe the Organization's Program Activity:

THE FOUNDATION PROVIDES ORTHOPAEDIC SURGERY SERVICES PRIMARILY TO PATIENTS AT BOSTON CHILDREN'S HOSPITAL AND AT SATELLITE LOCATIONS. THE FOUNDATION MAY CHARGE FOR PATIENT CARE AND OTHER MEDICAL SERVICES, PROVIDED THAT ANY NET INCOME IS USED EXCLUSIVELY FOR THE CHARITABLE, SCIENTIFIC, AND EDUCATIONAL PURPOSES FOR WHICH THE FOUNDATION WAS CREATED. THE FOUNDATION ALSO PROVIDES CARE FOR PATIENTS IN NEED OF ORTHOPAEDIC SERVICES REGARDLESS OF THEIR ABILITY TO PAY, AS WELL AS PROVIDING AND SUPPORTING HOSPITAL AND COMMUNITY BASED SERVICES THAT ARE LIMITED IN THE COMMUNITY.


THE FOUNDATION CARRIES ON AND PROMOTES BASIC AND APPLIED MEDICAL RESEARCH AND EDUCATION IN THE FIELD OF ORTHOPAEDICS BY TEACHING STUDENTS AND OTHER MEDICAL AND SCIENTIFIC PERSONNEL; BY PROVIDING OR SUPPLEMENTING INCOME TO RESEARCH PERSONNEL THROUGH FELLOWSHIPS, RESEARCH GRANTS, AND STIPENDS; AND BY GIVING LECTURES AND PUBLISHING INFORMATION CONCERNING PROBLEMS AND RESEARCH RESULTS IN THE FIELD OF PEDIATRIC ORTHOPAEDICS IN ORDER TO EDUCATE THE GENERAL PUBLIC AND THE MEDICAL PROFESSION.


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Board, Officers & Key Employees

Name (title)Compensation
Mininder S Kocher MD
Director
$1,775,901
Lyle J Micheli MD
Physician
$1,407,927
Benton E Heyworth MD
Director
$1,152,686
Benjamin J Shore MD
Director
$1,036,194
Eduardo N Novais MD
Director
$983,581
Peter M Waters MD
President (10/21-6/21)
$925,182

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Massachusetts General Physicians Organiz
Physiatry Services
$2,069,588
Harvard Medical Faculty Physicians
Physician Services
$555,625
Brigham And Women's Physicians Organizat
Physician Services
$139,610
Beth Israel Deaconess Medical Center
Physician Services
$121,292
Coles & Bodoin
Financial Counseling
$107,800
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$356,188
Government grants $1,643,440
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$1,999,628
Total Program Service Revenue$66,541,194
Investment income $946,656
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$56,703
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $69,430,775

Grants Awarded

Over the last fiscal year, Childrens Orthopaedic Surgery Foundation Inc has awarded $609,961 in support to 9 organizations.

Grant RecipientAmount

BOSTON CHILDREN'S HOSPITAL

Org PageRecipient Profile

Boston, MA

PURPOSE: General Support

$519,458

ORTHOPAEDIC RESEARCH AND EDUCATION FOUNDATION

Org PageRecipient Profile

Rosemont, IL

PURPOSE: General Support

$30,000

HARVARD MEDICAL SCHOOL

Org PageRecipient Profile

Cambridge, MA

PURPOSE: General Support

$25,000

CHILDREN'S SPINE FOUNDATION

Org PageRecipient Profile

Layton, UT

PURPOSE: General Support

$10,500

OSTEOGENESIS IMPERFECTA FOUNDATION

Org PageRecipient Profile

Gaithersburg, MD

PURPOSE: General Support

$5,003

SETTING SCOLIOSIS STRAIGHT

Org PageRecipient Profile

El Cajon, CA

PURPOSE: General Support

$5,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Childrens Orthopaedic Surgery Foundation Inc has recieved totaling $48,000.

Awarding OrganizationAmount
Omega Medical Grants Association

Rosemont, IL

PURPOSE: FELLOWSHIPS

$38,000
Childrens Sport Medicine Foundation Inc

Boston, MA

PURPOSE: General support

$10,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$2,162,597
Net Contributions$1,643,440
Other Expense$1,643,440
Ending Balance$2,162,597

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