Podiatry Institute Inc
- Assets
- $557.4k
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 4
- Location
- Decatur, GA
- Founding
- 03/1991
- Data as of
- 12/2021
- EIN
- 58-1906272
Organization Overview
Podiatry Institute Inc is located in Decatur, GA. The organization was established in 1991. According to its NTEE Classification (E30) the organization is classified as: Ambulatory & Primary Health Care, under the broad grouping of Health Care and related organizations. As of 12/2021, Podiatry Institute Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Podiatry Institute 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, Podiatry Institute Inc generated $1.8m 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 (3.5%) each year. All expenses for the organization totaled $1.9m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (3.9%) per year over the past 7 years. 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 SUPPORTIVE, GLOBAL NETWORK OF MEMBERS, COLLEAGUES AND FRIENDS WHICH ENHANCES THE QUALITY OF LIFE FOR PATIENTS WITH FOOT, ANKLE, AND LEG DISORDERS THROUGH INNOVATIVE EDUCATION, RESEARCH AND SERVICE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEMINARS ARE CONDUCTED FOR PRACTICING PODIATRISTS TO UPDATE THEM ON CURRENT PRACTICES AND SURGICAL TECHNIQUES AND VARIOUS COMPANIES PROVIDE SPONSORSHIP FOR THE PROGRAMS.
AMERICAN ACADEMY OF FOOT AND ANKLE OSTESYNTHESIS, LLC - COMPREHENSIVE EDUCATION IN TRAINING OF PODIATRIC RESIDENTS IN THE TECHNIQUES AND SKILLS OF SKELETAL FIXATION TRAUMA AND RECONSTRUCTIVE SURGERY OF THE FOOT AND ANKLE.
CADAVER WORKSHOP PROGRAM - LICENSED DOCTORS FROM OUT OF STATE ATTEND A WEEK LONG CLINIC TO LEARN NEW TECHNIQUES THROUGH OBSERVING SURGERIES AND ATTENDING WORKSHOPS.
MEDICAL MISSIONS - GROUPS OF PHYSICIANS TRAVEL TO VARIOUS COUNTRIES EACH YEAR TO PROVIDE FREE OR DISCOUNTED MEDICAL CARE TO UNDERSERVED AND DESTITUTE PATIENTS. TEXTBOOK ROYALTIES - ASSOCIATES OF THE ORGANIZATION HAVE WRITTEN AND PUBLISHED TEXTBOOKS THAT ARE DISTRIBUTED THROUGH A COMMERCIAL PUBLISHER. FOREGIVENESS OF PPP LOAN RECEIVED IN 2021 56,830.00.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daniel F Vickers Executive Di | Officer | 40 | $116,667 |
Michelle L Butterworth Chairman | OfficerTrustee | $0 | |
Bradley D Castellano Treasurer | OfficerTrustee | $0 | |
Joshua J Mann Vice Chairma | OfficerTrustee | $0 | |
Eugene Timpano Secretary | OfficerTrustee | $0 | |
Andrea Cass Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $1,836,719 |
| Investment income | $39 |
| 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 | $4,691 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,841,449 |
| 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. | $116,667 |
| Compensation of current officers, directors, key employees. | $116,667 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $177,859 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $22,531 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $69,800 |
| Advertising and promotion | $0 |
| Office expenses | $22,820 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $88,587 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,590 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,034 |
| Insurance | $35,164 |
| All other expenses | $0 |
| Total functional expenses | $1,896,511 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $354,105 |
| Savings and temporary cash investments | $136,867 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,400 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,084 |
| Prepaid expenses and deferred charges | $35,369 |
| Net Land, buildings, and equipment | $27,576 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $557,401 |
| Accounts payable and accrued expenses | $175,271 |
| 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 | $117,651 |
| Total liabilities | $292,922 |
| Net assets without donor restrictions | $211,963 |
| Net assets with donor restrictions | $52,516 |
| 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 | $557,401 |
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