Interventional Orthopedics Foundation
- Assets
- $902.1k
- Revenue
- $364.8k
- Investments
- $0.0
- Employees
- 2
- Location
- Denver, CO
- Founding
- 11/2015
- Data as of
- 12/2021
- EIN
- 47-2926130
Organization Overview
Interventional Orthopedics Foundation, operating under the name Interventional Orthobiologics Found, is located in Denver, CO. The organization was established in 2015. According to its NTEE Classification (H99) the organization is classified as: Medical Research N.E.C., under the broad grouping of Medical Research and related organizations. As of 12/2021, Interventional Orthobiologics Found employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Interventional Orthobiologics Found 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, Interventional Orthobiologics Found generated $364.8k 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 (15.7%) each year. All expenses for the organization totaled $583.8k 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 INTERVENTIONAL ORTHOBIOLOGICS FOUNDATIONS PRIMARY FUNCTION IS TO EDUCATE AND SERVE AS A RESOURCE TO PHYSICIANS AND THE PUBLIC SEEKING TO UNDERSTAND THE GROWING FIELD OF INTERVENTIONAL ORTHOPEDICS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PHYSICIAN EDUCATION HAS BECOME OUR CENTRAL FOCUS AT IOF. WITH THE INCEPTION OF IOF'S PHYSICIAN EDUCATION PROGRAM IN 2016, IOF BECAME UNIQUELY POSITIONED TO SET THE STANDARD FOR TEACHING THE FUNDAMENTAL KNOWLEDGE AND SKILLSETS NECESSARY FOR PHYSICIANS TO PRACTICE IN THIS ADVANCED MEDICAL SPECIALTY. IOF HAS INSTRUCTED AND CERTIFIED OVER 500 PHYSICIANS THROUGH OUR STRUCTURED, COMPENTENCY-BASED AND CERTIFED EDUCATION PROGRAM. CLEARLY, THIS PROGRAM IS SUCCESSFULLY CHANNELING PHYSICIANS INTO THIS FIELD, PROVIDING THEM WITH THE APPROPRIATE TREATMENT TECHNIQUES AND IMPACTING THEIR TREATMENT OF PATIENTS. GRANT SUPPORT IS USED TO FURTHER DEVELOP OUR CURRICULUM, PROMOTE OUR EDUCATION PROGRAM THROUGHOUT THE UNITED STATES, AND ENLIST EXPERIENCED INSTRUCTORS WHO ARE ACTIVELY ENGAGED IN EDUCATING PHYSICIANS.
THE ANNUAL INTERVENTIONAL ORTHOPEDIC EDUCATION CONFERENCE FOCUSED ON STEM CELL RESEARCH, WHICH IS EXPECTED TO PLAY A KEY ROLE IN THE FUTURE OF ORTHOPEDIC MEDICINE. THE CONFERENCE SEEKS TO ADVANCE THE FIELD OF INTERVENTIONAL ORTHOPEDIC REGENERATIVE MEDICINE AND HEALTHCARE INNOVATION, THROUGH THE SHARING OF SCIENTIFIC DISCOVERIES, RESEARCH, BEST PRACTICES AND BUSINESS MODELS. ALONG WITH REGULAR PHYSICIAN ATTENDEES AND TO SUPPORT PHYSICIANS-IN-TRAINING, THE FOUNDATION PROVIDES UP TO 400 OF FINANCIAL SUPPORT (STIPEND ALLOWANCE) FOR 53 FOUR YEAR RESIDENTS AND FELLOW PHYSICIANS TO ATTEND THIS CONFERENCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jillian Abramson Executive Di | Officer | 40 | $147,000 |
Greg Lutz MD Treasurer | OfficerTrustee | 1 | $0 |
Don Buford MD President-El | OfficerTrustee | 10 | $0 |
Wayne Mcilwraith DVM Secretary | OfficerTrustee | 1 | $0 |
Chris Centeno MD Board Member | Trustee | 1 | $0 |
Gerard Malanga MD Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $69,230 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,500 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $71,730 |
| Total Program Service Revenue | $291,867 |
| Investment income | $1,079 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $364,758 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $400 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $157,504 |
| Compensation of current officers, directors, key employees. | $19,688 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $78,237 |
| Pension plan accruals and contributions | $350 |
| Other employee benefits | $18,862 |
| Payroll taxes | $19,633 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,050 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $38,099 |
| Advertising and promotion | $17,616 |
| Office expenses | $17,449 |
| Information technology | $11,126 |
| Royalties | $0 |
| Occupancy | $11,288 |
| Travel | $27,831 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $78,151 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $1,900 |
| Total functional expenses | $583,785 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,275 |
| Savings and temporary cash investments | $717,006 |
| 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 | $77,551 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $93,264 |
| Other assets | $0 |
| Total assets | $902,096 |
| Accounts payable and accrued expenses | $348 |
| 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 | $76,756 |
| Total liabilities | $77,104 |
| Net assets without donor restrictions | $824,992 |
| 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 | $902,096 |
Grants Awarded
Over the last fiscal year, Interventional Orthopedics Foundation has awarded $20,201 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
HEALTHLINK MEDICAL CENTER PURPOSE: WOUNDED WARRIOR PROGRAM GRANT | $13,201 |
CHICAGO ARTHRITIS PURPOSE: WOUNDED WARRIOR PROGRAM GRANT | $7,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Critical Path Institute Tucson, AZ | $19,962,086 | $31,176,116 |
Research Corporation Tucson, AZ | $242,008,144 | $26,138,153 |
Southwest Autism Research And Resource Center Phoenix, AZ | $18,925,029 | $16,667,407 |
Biomedical Research Institute Of New Mexico Albuquerque, NM | $13,199,153 | $8,153,350 |
Glenn Foundation For Medical Research Inc Phoenix, AZ | $192,520,690 | $23,653,368 |
Cholangiocarcinoma Foundation Salt Lake City, UT | $4,018,118 | $4,935,665 |
Fractionation Research Inc Stillwater, OK | $7,018,117 | $4,169,009 |
Colorado Wheat Research Foundation Inc Fort Collins, CO | $552,396 | $3,293,864 |
National Community Health Partners Sahuarita, AZ | $263,343 | $3,493,424 |
Institute For Ethnomedicine Inc Provo, UT | $4,594,183 | $3,175,275 |
Saint Paul Vi Institute For The Study Of Human Reproduction Inc Omaha, NE | $6,177,216 | $2,457,723 |
Realm Of Caring Foundation Inc Colorado Springs, CO | $636,138 | $1,085,312 |