Ons Foundation For Clinical Research And Education Inc
- Assets
- $1.3m
- Revenue
- $288.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Greenwich, CT
- Founding
- 03/2008
- Data as of
- 12/2021
- EIN
- 26-1394760
Organization Overview
Ons Foundation For Clinical Research And Education Inc is located in Greenwich, CT. The organization was established in 2008. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ons Foundation For Clinical Research And Education 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 12/2021, Ons Foundation For Clinical Research And Education Inc generated $288.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.3%) each year. All expenses for the organization totaled $240.2k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE ONS FOUNDATION FOR CLINICAL RESEARCH AND EDUCATION, IN ALLIANCE WITH GREENWICH HOSPITAL, WILL STRIVE TO IMPROVE STANDARDS OF EXCELLENCE FOR THE TREATMENT OF MUSCULOSKELETAL DISORDERS THROUGH CLINICAL RESEARCH, PHYSICIAN AND PATIENT EDUCATION, AND COMMUNITY OUTREACH PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ONS FOUNDATION FOR CLINICAL RESEARCH AND EDUCATION, IN ALLIANCE WITH GREENWICH HOSPITAL, WILL STRIVE TO IMPROVE STANDARDS OF EXCELLENCE FOR THE TREATMENT OF MUSCULOSKELETAL DISORDERS THROUGH CLINICAL RESEARCH, PHYSICIAN AND PATIENT EDUCATION, AND COMMUNITY OUTREACH PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amory Fiore MD Director | Trustee | $0 | |
Katherine Vadasdi MD Secretary | Trustee | $0 | |
Joseph Mckee Director | Trustee | $0 | |
Paul E Tramontano Director | Trustee | $0 | |
Joanna Schulman Director | Trustee | $0 | |
Adam Ercoli Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $5,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $90,039 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $95,039 |
| Total Program Service Revenue | $0 |
| Investment income | $28,193 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $165,704 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $288,936 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| 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 | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,515 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $6,047 |
| Advertising and promotion | $0 |
| Office expenses | $1,419 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $22,400 |
| Travel | $89 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,854 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $23,437 |
| Insurance | $4,207 |
| All other expenses | $13,824 |
| Total functional expenses | $240,185 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $205,491 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $10,489 |
| Investments—publicly traded securities | $1,108,757 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,324,737 |
| Accounts payable and accrued expenses | $13,086 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $13,086 |
| Net assets without donor restrictions | $1,311,651 |
| Net assets with donor restrictions | $0 |
| 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 | $1,324,737 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Ons Foundation For Clinical Research And Education Inc has recieved totaling $21,450.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: HEALTH | $10,000 |
Apfelbaum Family Foundation New York, NY PURPOSE: GENERAL FUND | $5,200 |
Leon Lowenstein Foundation Inc New Haven, CT PURPOSE: CHARITABLE | $5,000 |
The Gibbons Foundation Old Greenwich, CT PURPOSE: TO HELP ORGANIZATION IN ITS EXEMPT FUNCTION | $1,250 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Northwell Health Foundation Westbury, NY | $461,901,470 | $139,689,097 |
Childrens Orthopaedic Surgery Foundation Inc Boston, MA | $150,881,893 | $69,430,775 |
Boston Childrens Heart Foundation Boston, MA | $101,329,197 | $54,530,838 |
Catholic Health System Of Long Island Rockville Centre, NY | $580,308,381 | $30,450,419 |
United Breast Cancer Foundation Inc Huntington, NY | $11,258,240 | $32,891,411 |
Chmc Surgical Foundation Inc Boston, MA | $73,400,034 | $31,940,359 |
Cancer Research Fund Of The Damon Runyon-Walter Winchell Foundation New York, NY | $175,580,654 | $20,562,891 |
Newport Hospital Foundation Inc Newport, RI | $132,285,695 | $13,877,816 |
Hudson East River Systems Llc New York, NY | $9,323,421,475 | $81,815,633 |
The Childrens Health Fund New York, NY | $7,589,617 | $9,406,757 |
Bronxcare Health Integrated Services System Inc Bronx, NY | $2,917,349 | $9,136,103 |
Tufts Health Plan Foundation Inc Canton, MA | $128,427,090 | $19,685,263 |