Piedmont Orthopedic Foundation
- Assets
- $2.7m
- Revenue
- $708.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Lynchburg, VA
- Founding
- 10/1984
- Data as of
- 12/2021
- EIN
- 56-1297962
Organization Overview
Piedmont Orthopedic Foundation is located in Lynchburg, VA. The organization was established in 1984. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Piedmont Orthopedic Foundation 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, Piedmont Orthopedic Foundation generated $708.2k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.0% each year . All expenses for the organization totaled $573.7k during the year ending 12/2021. While expenses have increased by 23.4% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO ENCOURAGE THE STUDY AND DEVELOPMENT OF THE SCIENCE AND PRACTICE OF ORTHOPEDICS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATIONAL COSTS FOR THE ANNUAL MEETING OF PIEDMONT ORTHOPEDIC SOCIETY. THE SOCIETY PARTNERED WITH DUKE UNIVERSITY SCHOOL OF MEDICINE TO PROVIDE ACCREDITED CONTINUING MEDICAL EDUCATION.
JOHN A FEAGIN INTERNATIONAL LEADERSHIP FORUM PARTNERED WITH DUKE UNIVERSITY SPORTS MEDICINE AND CORPORATE EDUCATION BRINGS TOGETHER A DIVERSE MIX OF LEADERS FROM MEDICINE, BUSINESS, THE MILITARY AND ATHLETICS. FUNDS FROM THE ENDOWMENT ARE USED TO PROVIDE A FOUNDATION IN LEADERSHIP TRAINING TO THE DUKE COMMUNITY AND OUTSIDE ORGANIZATIONS WITH THE EMPHASIS ON OPPORTUNITIES FOR SPORTS MEDICINE FELLOWS, ORTHOPEDIC RESIDENTS, MEDICAL STUDENTS AND UNDERGRADUATE STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gary M Lourie MD President | OfficerTrustee | 2 | $0 |
Mack Aldridge MD Vice President | OfficerTrustee | 2 | $0 |
William C Andrews MD Secretary/treasurer | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $45,550 |
| Fundraising events | $9,680 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $304,409 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $359,639 |
| Total Program Service Revenue | $236,791 |
| Investment income | $51,671 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $62,360 |
| Net Income from Fundraising Events | -$2,275 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $708,186 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $173,755 |
| 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 | $3,050 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $25,695 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $4,386 |
| Information technology | $750 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $231 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $364,028 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,234 |
| All other expenses | $0 |
| Total functional expenses | $573,749 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $372,563 |
| 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 | $0 |
| Investments—publicly traded securities | $2,290,521 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $3,300 |
| Other assets | $6,250 |
| Total assets | $2,672,634 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $0 |
| 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 | $2,672,634 |
| Total liabilities and net assets/fund balances | $2,672,634 |
Grants Awarded
Over the last fiscal year, Piedmont Orthopedic Foundation has awarded $74,373 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Durham, NC PURPOSE: ORTHOPEDIC RESEARCH | $72,205 |
Durham, NC PURPOSE: AITKEN LECTURE SERIES | $2,168 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Piedmont Orthopedic Foundation has recieved totaling $15,000.
| Awarding Organization | Amount |
|---|---|
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: GROWTH | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Childrens Research Institute Washington, DC | $13,958,035 | $66,659,816 |
Stowers Institute For Medical Research Kansas City, MO | $238,524,295 | $116,367,619 |
Paralyzed Veterans Of America Washington, DC | $75,160,828 | $97,544,526 |
Institute For Cancer Research Philadelphia, PA | $148,137,241 | $82,576,402 |
Wistar Institute Of Anatomy & Biology Philadelphia, PA | $414,460,000 | $115,831,000 |
American Association For Cancer Research Philadelphia, PA | $261,131,206 | $103,171,549 |
Foundation For The National Institute Of Health Inc North Bethesda, MD | $221,939,759 | $107,605,691 |
Medstar Health Research Institute Inc Washington, DC | $50,666,334 | $47,234,985 |
Philadelphia Fight Philadelphia, PA | $17,499,427 | $51,561,885 |
Stanley Manne Childrens Research Institute Chicago, IL | $169,123,650 | $39,027,696 |
The Gog Foundation Inc Edgewater, MD | $96,851,330 | $51,133,816 |
Nsabp Foundation Inc Pittsburgh, PA | $90,333,934 | $55,869,172 |