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Excelen FY2021 filing

Minneapolis, MNUnknown exempt organization EIN 41-1734062Revenue $965K in FY2021Latest return filed Nov 13, 2024

On file with the IRSexcelen.orgMinneapolis, MN

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Applied and basic research on orthopedic issues such as joint replacement, infection, and implantable devices. Research leads to publication of scientific papers and presentations at conferences and training sessions.

Form 990 Part I, line 1, FY2021. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 41-1734062) · Dispute this line
65¢ of each $1 spent went to programs.
$140K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

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FY2021 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2023
latest Form 990
The latest return is for FY2023, 3 tax years back.
IRS e-file · Filing history
Surplus or deficit
2 of 4
filings with a surplus
Average deficit $456K a year · 90% of revenue · last 4 filings
A surplus in 2 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
65%
of spending
65% of spending went to programs.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$140K
to officers and key staff · 17% of spending
Pay to officers and key staff is 17% of spending.
Part VII, Section A
Cash reserves
6.4 mo
of spending, in cash
6.4 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$2.0M
50% of total assets
Liabilities are 50% of assets.
Pt X · Ln 26
Independent board members
6
of 6 voting members
6 of 6 voting members are independent.
Pt VI · Ln 1a–1b
In line with peersDifferent from peersFar from peersNo peer rangeNo data yetTap a box for the reason.
Revenue
$965K
-24% vs prior year
Spent
$845K
To programs
65%
Net assets
$2.0M
By yearFY2020–FY2023
Revenue
$965K
FY2021▼ -24%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.3M
FY2021$965K
FY2022$402K
FY2023−$618K
Expenses
$845K
FY2021▼ -31%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.2M
FY2021$845K
FY2022$848K
FY2023$921K
Net assets
$2.0M
FY2021▲ +6%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.9M
FY2021$2.0M
FY2022$1.5M
FY2023$0

From the FY2021 Form 990 · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2023) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2023.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

65 cents of each dollar spent went to programs.

Program services 65% · $546K Management & general 33% · $282K Fundraising 2% · $17K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

7 people listed on the 990; $140K paid to officers and key staff (Part VII, Section A).

Part VII, Section A · reportable compensation
Linda Wojcik
President/Ce
$139,526Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Paul Hickey
Director
$0Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2023FY2022FY2021FY2020
Linda Wojcik$150,065$149,358$139,526$130,481

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Excelen executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Researching orthopedic issues like joint replacement and implants, publishing findings, and training professionals.

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1 program · $546K · in their own filed words · FY2021
01

Orthopedic research and educational training of orthopedic resident physicians

Form 990 Part III, line 4, FY2021. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 41-1734062) · Dispute this line
$546Kprogram expense

By the numbers

The FY2021 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$965K
Ln 12
Fees for servicesLn 2g$954K
Gifts and grantsLn 1h$11K
Money outPt IX
$845K
Ln 25
Programscol B$546K
Managementcol C$282K
Fundraisingcol D$17K
Owns and owesPt X
$2.0M
net assets · Ln 32
Cash and savingsLn 1–2$451K
Total assetsLn 16$3.9M
LiabilitiesLn 26$2.0M
PeoplePt VI, VII
7
listed · VII A
PaidVII A1
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$11K
Fees for servicesLn 2g$954K
Total revenueLn 12$965K
Assets in detailPt X, end of year
CashLn 1$451K
Cash and savings togetherLn 1–2$451K
Accounts receivableLn 4$96K
Land, buildings, equipmentLn 10c$3.4M
Total assetsLn 16$3.9M
LiabilitiesLn 26$2.0M
Net assetsLn 32$2.0M
OperationsPt I, VI
EmployeesI 55
VolunteersI 67
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$352K$451K
Land, buildings, equipmentLn 10c$3.5M$3.4M
Total assetsLn 16$4.0M$3.9M
LiabilitiesLn 26$2.2M$2.0M
Net assetsLn 32$1.9M$2.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$150K$99K$37K$14K
Payroll taxesLn 10$36K$24K$9K$3K
TravelLn 17$300$240$60
InterestLn 20$96K$96K
Depreciation, depletion and amortizationLn 22$168K$126K$42K
InsuranceLn 23$25K$18K$6K
Other expenses (24a–d)Ln 24$341K$264K$76K
All other expensesLn 24e$29K$14K$15K
Total functional expensesLn 25$845K$546K$282K$17K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2023 LatestFiled with the IRS Nov 13, 2024 −$618K$921K−$1.5M$0 990 PDF
FY2022Filed with the IRS Aug 23, 2023 $402K$848K−$446K$1.5M 990 PDF
FY2021 ViewingFiled with the IRS Sep 22, 2022 $965K$845K$120K$2.0M 990 PDF
FY2020Filed with the IRS Nov 10, 2021 $1.3M$1.2M$43K$1.9M 990 PDF

Schedules filed Part IV

I · Grants O · Explanations
See the full FY2021 990
Part I · Summary $964,738 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $16,500$10,600
I-9 Program service revenuePrior year $1,252,510$954,138
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $1,269,010$964,738
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $318,443$186,698
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $907,265$658,395
I-18 Total expensesPrior year $1,225,708$845,093
I-19 Revenue less expensesPrior year $43,302$119,645
Part VI · Governance 6 of 6 board members independent, no flags
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $964,738 across 4 lines filed
VIII-1f All other contributions, gifts and grants$10,600
VIII-1h Total contributions, gifts and grants$10,600
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Excluded from tax $954,138$954,138
VIII-12 Total revenueExcluded from tax $954,138$964,738
Part IX · Statement of functional expenses $845,093 across 8 lines filed
IX-7 Other salaries and wagesPrograms $99,320 · Management $36,956 · Fundraising $13,952$150,228
IX-10 Payroll taxesPrograms $23,860 · Management $9,154 · Fundraising $3,456$36,470
IX-17 TravelPrograms $240 · Management $60$300
IX-20 InterestManagement $96,211$96,211
IX-22 Depreciation, depletion and amortizationPrograms $125,837 · Management $41,945$167,782
IX-23 InsurancePrograms $18,493 · Management $6,164$24,657
IX-24 Other expenses (24a–d)Programs $264,305 · Management $76,317$340,622
IX-24e All other expensesPrograms $13,561 · Management $15,262$28,823
IX-25 Total functional expensesPrograms $545,616 · Management $282,069 · Fundraising $17,408$845,093
Part X · Balance sheet $3,941,035 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $351,696$450,762
X-4 Accounts receivableStart of year $111,075$95,789
X-10c Land, buildings and equipment, netStart of year $3,539,946$3,394,484
X-16 Total assetsStart of year $4,025,037$3,941,035
X-17 Accounts payable and accrued expensesStart of year $196,447$210,581
X-23 Secured mortgages and notes payableStart of year $1,962,921$1,745,140
X-26 Total liabilitiesStart of year $2,159,368$1,955,721
X-27 Net assets without donor restrictionsStart of year $1,865,669$1,985,314
X-32 Total net assets or fund balancesStart of year $1,865,669$1,985,314
X-33 Total liabilities and net assetsStart of year $4,025,037$3,941,035
Part XI · Reconciliation of net assets $1,985,314 net assets at year end
XI-1 Total revenue$964,738
XI-2 Total expenses$845,093
XI-3 Revenue less expenses$119,645
XI-4 Net assets at start of year$1,865,669
XI-10 Net assets at end of year$1,985,314

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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