Physical Therapy Fund
- Assets
- $3.8m
- Revenue
- $418.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Alexandria, VA
- Founding
- 11/1994
- Data as of
- 12/2022
- EIN
- 54-1732481
Organization Overview
Physical Therapy Fund is located in Alexandria, VA. The organization was established in 1994. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Physical Therapy Fund 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 12/2022, Physical Therapy Fund generated $418.4k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 20.2% each year . All expenses for the organization totaled $95.9k during the year ending 12/2022. While expenses have increased by 2.0% per year over the past 8 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE PHYSICAL THERAPY FUND PROVIDES RESEARCH AND EDUCATIONAL SUPPORT FOR PHYSICAL THERAPY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PHYSICAL THERAPY FUND GRANTS SCHOLARSHIPS FOR RESEARCH/EDUCATION IN THE FIELD OF PHYSICAL THERAPY. SPEAKERS DISCUSS RELEVANT TOPICS AT THE ANNUAL CONFERENCE WHILE INTERNS CONTRIBUTE TO RESEARCH/EDUCATION ISSUES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Deirdre Daley President | OfficerTrustee | 1 | $0 |
Kyle Covington Secretary | OfficerTrustee | 1 | $0 |
Kim Nixon-Cave Vice President | OfficerTrustee | 1 | $0 |
Patricia Slough Treasurer | OfficerTrustee | 1 | $0 |
Bernadette York Director | Trustee | 1 | $0 |
Carmen Elliott Executive Director (started April) | Officer | 12 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $82,190 |
| Related organizations | $8,641 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $167,688 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $258,519 |
| Total Program Service Revenue | $0 |
| Investment income | $21,484 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $162,482 |
| Net Income from Fundraising Events | -$24,045 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $418,440 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $76,000 |
| 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 | $7,060 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,388 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $5,141 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $3,943 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | -$1,585 |
| Total functional expenses | $95,947 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $243,661 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $28,626 |
| Accounts receivable, net | $100,629 |
| 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 | $5,000 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $3,423,453 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,801,369 |
| Accounts payable and accrued expenses | $6,859 |
| Grants payable | $0 |
| Deferred revenue | $31,280 |
| 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 | $38,139 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $3,763,230 |
| 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 | $3,801,369 |
Grants Awarded
Over the last fiscal year, Physical Therapy Fund has awarded $277,688 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
FOUNDATION FOR PHYSICAL THERAPY PURPOSE: RESEARCH | $249,629 |
EDUCATION SECTION PURPOSE: EDUCATIONAL OFFERINGS | $28,059 |