Scoliosis Research Society
- Assets
- $19.6m
- Revenue
- $4.7m
- Investments
- $0.0
- Employees
- 0
- Location
- Milwaukee, WI
- Founding
- 06/1972
- Data as of
- 12/2021
- EIN
- 23-7181863
Organization Overview
Scoliosis Research Society is located in Milwaukee, WI. The organization was established in 1972. According to its NTEE Classification (H50) the organization is classified as: Nerve, Muscle & Bone Diseases Research, under the broad grouping of Medical Research and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Scoliosis Research Society 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 12/2021, Scoliosis Research Society generated $4.7m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.6%) each year. All expenses for the organization totaled $3.2m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (6.7%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Scoliosis Research Society has awarded 83 individual grants totaling $2,718,667. 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.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE PURPOSE OF THE SCOLIOSIS RESEARCH SOCIETY IS TO FOSTER THE OPTIMAL CARE OF ALL PATIENTS WITH SPINAL DEFORMITIES.
Describe the Organization's Program Activity:
IMAST (INTERNATIONAL MEETING ON ADVANCED SPINE TECHNIQUES) PROVIDES AN INTERNATIONAL SCIENTIFIC FORUM FOR SPINE PROFESSIONALS TO STAY UP-TO-DATE ON EMERGING NEW TECHNOLOGIES AND TECHNIQUES. SPINE SURGEONS AND OTHER ALLIED HEALTH PROFESSIONAL FROM AROUND THE WORLD DISCUSS, DEBATE, AND DEMONSTRATE RECENT ADVANCES IN SPINE SURGERY.
THE ANNUAL MEETING AND COURSE IS A FORUM FOR THE REALIZATION OF THE SOCIETY'S MISSION AND GOALS, THE IMPROVEMENT OF PATIENT CARE FOR THOSE WITH SPINAL DEFORMITIES. PRESENTATIONS AT THE ANNUAL MEETING & COURSE ARE GIVEN BY LEADING EXPERTS IN THE FIELD AND HAVE VALUE FOR HEALTH CARE PROFESSIONALS WHO TREAT SPINAL DEFORMITIES AT ALL LEVELS AND IN ALL AGES. OVER 100 PAPERS ARE PRESENTED ON AN ARRAY OF TOPICS, INCLUDING ADOLESCENT IDIOPATHIC SCOLIOSIS, GROWING SPINE, KYPHOSIS, ADULT DEFORMITY, TRAUMA, NEUROMUSCULAR SCOLIOSIS AND TUMORS.
SRS COLLABORATES WITH CORPORATE PARTNERS AND THE INTERNATIONAL SPINE STUDY GROUP ON THE ASLS II STUDY. THIS STUDY IS A CONTINATION OF THE ASLS I STUDY WHICH WAS A PROSPECTIVE, RANDOMIZED NIH FUNDED STUDY THAT EVALUATED THE 2 YEAR TREATMENT OUTCOMES OF OPERATIVE AND NON-OPERATIVE TREATMENT FOR ADULT PATIENTS WITH SYMPTOMATIC LUMBAR SCOLIOSIS. ASLS II ALLOWS FOR LONGER TERM FOLLOW UP OF THE PATIENTS IN THE STUDY.
OTHER PROGRAM SERVICES: GLOBAL OUTREACH & WORLD WIDE COURSES; JOURNAL; TRAVELING FELLOWSHIP & SCHOLARSHIPS; RESEARCH; DIRECTED COURSES, SPINE DEFORMITY COURSES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ferran Pellise MD PHD Secretary | OfficerTrustee | 7 | $0 |
Marinus DE Kleuver MD PHD Vice President | OfficerTrustee | 3 | $0 |
Paul D Sponseller MD MBA Past President | OfficerTrustee | 5 | $0 |
David Skaggs MD Mmm Treasurer | OfficerTrustee | 7 | $0 |
Laurel C Blakemore MD Secretary | OfficerTrustee | 7 | $0 |
Serena S Hu MD President Elect | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,821,153 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,821,153 |
| Total Program Service Revenue | $2,252,380 |
| Investment income | $446,980 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $140,773 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $3,213 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,690,080 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $214,914 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $122,443 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $1,178,284 |
| Fees for services: Legal | $8,222 |
| Fees for services: Accounting | $12,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $92,711 |
| Fees for services: Other | $321,273 |
| Advertising and promotion | $4,613 |
| Office expenses | $116,860 |
| Information technology | $128,671 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $69,613 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $736,709 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $23,676 |
| Insurance | $18,526 |
| All other expenses | $12,688 |
| Total functional expenses | $3,221,762 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,643,131 |
| Savings and temporary cash investments | $506,999 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $639,893 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $72,797 |
| Prepaid expenses and deferred charges | $553,057 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $14,373,827 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $87,797 |
| Other assets | $736,492 |
| Total assets | $19,613,993 |
| Accounts payable and accrued expenses | $271,178 |
| Grants payable | $0 |
| Deferred revenue | $115,450 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $386,628 |
| Net assets without donor restrictions | $16,112,954 |
| Net assets with donor restrictions | $3,114,411 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $19,613,993 |
Grants Awarded
Over the last fiscal year, Scoliosis Research Society has awarded $204,794 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
Philadelphia, PA PURPOSE: RESEARCH GRANT | $50,000 |
Redwood City, CA PURPOSE: RESEARCH GRANT | $32,000 |
Denver, CO PURPOSE: RESEARCH GRANT | $20,000 |
La Jolla, CA PURPOSE: RESEARCH GRANT | $17,396 |
Rosemont, IL PURPOSE: BOARD OF SPECIALTY SOCIETIES SUPPORT | $15,000 |
TEXAS SOUTHERN RITE HOSPITAL PURPOSE: RESEARCH GRANT | $14,378 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Scoliosis Research Society has recieved totaling $2,500.
| Awarding Organization | Amount |
|---|---|
Dr Alvin H & Alva Jamison Crawford Family Foundation Cincinnati, OH PURPOSE: GENERAL | $2,500 |
Endowment Analysis
| Beg. Balance | $9,550,244 |
| Earnings | $538,735 |
| Admin Expense | $47,673 |
| Net Contributions | $494,659 |
| Grants | $232,984 |
| Ending Balance | $10,302,981 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Orthopaedic Research And Education Foundation Rosemont, IL | $25,903,586 | $3,855,378 |
Scoliosis Research Society Milwaukee, WI | $19,613,993 | $4,690,080 |
Mpn Research Foundation Chicago, IL | $7,764,367 | $2,570,885 |
Tria Orthopaedic Center Research Institute Bloomington, MN | $166,886 | $691,178 |
Parkinson's Disease Research Society C/O Carol Santi Highland Park, IL | $0 | $653 |
Twin Cities Orthopedics Foundation Golden Valley, MN | $320,872 | $635,273 |
National Bone Marrow Transplant Link Commerce, MI | $214,982 | $260,266 |
Foundation For Arthroplasty Research And Education Rosemont, IL | $2,262,502 | $120,077 |
Fox In The D Novi, MI | $1,809 | $150,946 |
Tremor Research Group Inc Keego Harbor, MI | $591,990 | $326,575 |
Mars Research Inc Gilbert, IA | $58,510 | $0 |
Clear Scoliosis Institute St Cloud, MN | $61,929 | $141,167 |