Andrews Research & Education Foundation Inc
- Assets
- $2.2m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 16
- Location
- Gulf Breeze, FL
- Founding
- 10/2014
- Data as of
- 12/2021
- EIN
- 46-5182138
Organization Overview
Andrews Research & Education Foundation Inc is located in Gulf Breeze, FL. The organization was established in 2014. According to its NTEE Classification (G05) the organization is classified as: Research Institutes & Public Policy Analysis, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. As of 12/2021, Andrews Research & Education Foundation Inc employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Andrews Research & Education 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 12/2021, Andrews Research & Education Foundation Inc generated $2.0m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.9%) each year. All expenses for the organization totaled $2.2m 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
TO BE A LEADER IN THE FIELD OF MUSCULOSKELETAL RESEARCH AND EDUCATION IN ORDER TO ADVANCE THE PREVENTION, TREATMENT, AND REHABILITATION OF ATHLETIC INJURIES AND ENHANCE HUMAN PERFORMANCE AND QUALITY OF LIFE FOR PEOPLE OF ALL AGES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESEARCH - THE ORGANIZATION PARTNERS WITH INDUSTRY LEADERS TO RESEARCH CUTTING EDGE SOLUTIONS THAT IMPACT THE FUTURE OF ORTHOPAEDICS AND SPORTS MEDICINE.
EAGLE FUND - THIS PROGRAM PROVIDES WOUNDED MILITARY PERSONNEL ACCESS TO THE ANDREWS INSTITUTE'S WORLD CLASS PHYSICIANS AND EXOS'S REHABILITATION PROGRAMS. THROUGH THE EAGLE FUND, WOUNDED WARRIORS UNDERGO AN IN-DEPTH EVALUATION TO TAILOR A PERSONALIZED PROGRAM OF RECOVERY TO HELP GET THEM BACK TO DUTY AND A BETTER QUALITY OF LIFE.
FELLOWSHIP - THE FELLOWSHIP PROGRAM PROVIDES GRADUATING RESIDENTS, WHO CHOOSE TO CONTINUE THEIR CAREER IN ORTHOPAEDICS AND SPORTS MEDICINE, AN OPPORTUNITY TO LEARN AND TRAIN WITH MULTIPLE SPECIALTY TRAINED FACULTY IN GULF BREEZE, FLORIDA, DURING A ONE YEAR FELLOWSHIP. DURING THEIR TIME AT THE ORGANIZATION THE FELLOWS ARE EXPOSED TO A WIDE ARRAY OF CLINICAL, SURGICAL AND RESEARCH EXPERIENCE. THEY ARE ALSO PROVIDED WITH THE SKILLS AND TOOLS TO INNOVATE AND SHARE IN THE FIELD OF SPORTS MEDICINE AND ORTHOPAEDICS.
EDUCATION - UNDER THE LEADERSHIP AND REPUTATION OF INTERNATIONALLY RENOWNED ORTHOPAEDIC SURGEON DR. JAMES ANDREWS, THE ORGANIZATION FOCUSES ON DELIVERING EDUCATIONAL TRAINING, INJURY PREVENTION, AND OTHER RELEVANT INFORMATION TO PRACTITIONERS, FACULTY, STUDENTS, AND OTHERS IN THE SPORTS MEDICINE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ashton Hayward President | OfficerTrustee | 40 | $260,964 |
Jen Mostert Finance/executive Director | OfficerTrustee | 40 | $119,708 |
Hong Potomski Executive Director | 40 | $29,615 | |
James R Andrews Chairman Of Board | OfficerTrustee | 1 | $0 |
Sunil Gupta Secretary | OfficerTrustee | 1 | $0 |
J Nixon Daniel III Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Exos Therapy | 12/30/21 | $323,000 |
Joshua Hackel Pi For Miles Study | 12/30/21 | $261,143 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $701,868 |
| All other contributions, gifts, grants, and similar amounts not included above | $267,939 |
| Noncash contributions included in lines 1a–1f | $2,550 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $969,807 |
| Total Program Service Revenue | $1,019,732 |
| Investment income | $1 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $15,856 |
| Net Gain/Loss on Asset Sales | $6,058 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,011,454 |
| 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. | $380,672 |
| Compensation of current officers, directors, key employees. | $32,944 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $518,333 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $124,371 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $8,716 |
| Fees for services: Accounting | $25,088 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $545 |
| Office expenses | $10,023 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $126,025 |
| Travel | $28,416 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $25 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $92,908 |
| Insurance | $22,526 |
| All other expenses | $14,982 |
| Total functional expenses | $2,189,188 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,624,691 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $183,968 |
| 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 | $5,622 |
| Net Land, buildings, and equipment | $360,283 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,174,564 |
| Accounts payable and accrued expenses | $1,110,465 |
| Grants payable | $0 |
| Deferred revenue | $3,000 |
| 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 | $1,113,465 |
| Net assets without donor restrictions | $646,710 |
| Net assets with donor restrictions | $414,389 |
| 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 | $2,174,564 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Andrews Research & Education Foundation Inc has recieved totaling $9,956.
| Awarding Organization | Amount |
|---|---|
Arthroscopy Association Of North America Inc Rosemont, IL PURPOSE: Education | $9,936 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $20 |
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