Interventional Orthopedics Foundation FY2020 filing

Tax-deductible

Denver, CO501(c)(3)Medical ResearchEIN 47-2926130Revenue $286K in FY2020

On file with the IRSinterventionalorthobiologics.org3801 E Florida Ave Ste 635, 80210-2566 · Denver, COTax-exempt since Nov 2015Publicly supported charity — 170(b)(1)(A)(vi)

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The Interventional Orthopedics 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.

501(c)(3) charity; gifts are tax-deductible.
91¢ of each $1 spent went to programs.
$153K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 5
filings with a surplus
Average deficit $149K a year · 27% of revenue · last 5 filings
Concern: a surplus in 0 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
91%
of spending
Looks good: 91% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$153K
to officers and key staff · 24% of spending
Worth a look: pay to officers and key staff is 24% of spending; over 20%.
Pt VII · Sec A
Cash reserves
17 mo
of spending, in cash
Looks good: 17.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$37K
3% of total assets
Looks good: liabilities are 3% of assets; 50% or less.
Pt X · Ln 26
Independent board members
8
of 8 voting members
Looks good: 8 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$286K
Spent
$644K
To programs
91%
Net assets
$1.0M
By yearFY2020–FY2024
Revenue
$286K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$286K
FY2021$365K
FY2022$582K
FY2023$669K
FY2024$881K
Expenses
$644K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$644K
FY2021$584K
FY2022$685K
FY2023$730K
FY2024$886K
Net assets
$1.0M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$1.0M
FY2021$825K
FY2022$798K
FY2023$734K
FY2024$729K

From the FY2020 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Nov 2015.

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

Where the money goes

91 cents of each dollar spent went to programs.

Program services 91% · $587K Management & general 9% · $57K

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

9 people listed on the 990; $153K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Di
$152,654Pt VII · Sec A
President-El
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Jillian Abramson’s $147K as Executive Di is at the 88th percentile of top reported officer pay among 328 $100K–1M medical research nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

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

NameFY2024FY2022FY2021FY2020
Jillian Abramson$147,000$147,000$147,000$152,654

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.

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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

Educates physicians and the public about interventional orthopedics.

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Provided by the organization

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2 programs · $587K · in their own filed words · FY2020
01

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.

$376Kprogram expense
02

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…

$211Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking
Grants paid · 1 grant · $15K · 2020–2020
Unitemized GrantFY2020$14,990

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$286K
Ln 12
Fees for servicesLn 2g$223K
Gifts and grantsLn 1h$61K
Investment incomeLn 3$1K
Money outPt IX
$644K
Ln 25
Programscol B$587K
Managementcol C$57K
Owns and owesPt X
$1.0M
net assets · Ln 32
Cash and savingsLn 1–2$910K
Total assetsLn 16$1.1M
LiabilitiesLn 26$37K
PeoplePt VI, VII
9
listed · VII A
PaidVII A1
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$61K
Fees for servicesLn 2g$223K
Investment incomeLn 3$1K
Total revenueLn 12$286K
Assets in detailPt X, end of year
CashLn 1$36K
SavingsLn 2$874K
Cash and savings togetherLn 1–2$910K
Land, buildings, equipmentLn 10c$78K
Total assetsLn 16$1.1M
LiabilitiesLn 26$37K
Net assetsLn 32$1.0M
OperationsPt I, VI
EmployeesI 52
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 FY20End FY20
Cash and savingsLn 1–2$1.2M$910K
Land, buildings, equipmentLn 10c$78K$78K
Total assetsLn 16$1.4M$1.1M
LiabilitiesLn 26$0$37K
Net assetsLn 32$1.4M$1.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$15K$15K
Pay of current officers, directors and key staffLn 5$163K$142K$20K
Other salaries and wagesLn 7$81K$71K$10K
Payroll taxesLn 10$18K$16K$2K
Accounting feesLn 11c$1K$1K
Other fees for servicesLn 11g$40K$36K$4K
Advertising and promotionLn 12$9K$9K
Office expensesLn 13$24K$20K$4K
Information technologyLn 14$15K$13K$2K
OccupancyLn 16$12K$8K$5K
TravelLn 17$16K$16K$361
Conferences, conventions and meetingsLn 19$196K$196K
InsuranceLn 23$1K$1K
Other expenses (24a–d)Ln 24$50K$44K$6K
All other expensesLn 24e$1K$280$1K
Total functional expensesLn 25$644K$587K$57K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $881K$886K−$5K$729K 990 PDF
FY2023 $669K$730K−$61K$734K 990 PDF
FY2022 $582K$685K−$103K$798K 990 PDF
FY2021 $365K$584K−$219K$825K 990 PDF
FY2020 Viewing $286K$644K−$358K$1.0M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (6 parts)
Part I · Summary $285,662 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $69,929$61,122
I-9 Program service revenuePrior year $729,877$223,390
I-10 Investment incomePrior year $673$1,150
I-11 Other revenue$0
I-12 Total revenuePrior year $800,479$285,662
I-13 Grants and similar amounts paidPrior year $53,550$14,990
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $241,475$262,064
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $548,668$366,843
I-18 Total expensesPrior year $843,693$643,897
I-19 Revenue less expensesPrior year −$43,214−$358,235
Part VI · Governance 8 of 8 board members independent, no flags
VI-1a Voting members of the governing body8
VI-1b Independent voting members8
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 $285,662 across 6 lines filed
VIII-1b Membership dues$47,700
VIII-1f All other contributions, gifts and grants$13,422
VIII-1h Total contributions, gifts and grants$61,122
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $223,390$223,390
VIII-3 Investment incomeExcluded from tax $1,150$1,150
VIII-12 Total revenueRelated to mission $223,390 · Excluded from tax $1,150$285,662
Part IX · Statement of functional expenses $643,897 across 15 lines filed
IX-2 Grants to domestic individualsPrograms $14,990$14,990
IX-5 Pay of current officers, directors and key staffPrograms $142,470 · Management $20,353$162,823
IX-7 Other salaries and wagesPrograms $71,090 · Management $10,156$81,246
IX-10 Payroll taxesPrograms $15,746 · Management $2,249$17,995
IX-11c Accounting feesManagement $1,050$1,050
IX-11g Other fees for servicesPrograms $36,145 · Management $3,745$39,890
IX-12 Advertising and promotionPrograms $9,375$9,375
IX-13 Office expensesPrograms $19,867 · Management $4,181$24,048
IX-14 Information technologyPrograms $12,937 · Management $1,732$14,669
IX-16 OccupancyPrograms $7,607 · Management $4,632$12,239
IX-17 TravelPrograms $16,037 · Management $361$16,398
IX-19 Conferences, conventions and meetingsPrograms $196,226$196,226
IX-23 InsuranceManagement $1,338$1,338
IX-24 Other expenses (24a–d)Programs $44,308 · Management $5,813$50,121
IX-24e All other expensesPrograms $280 · Management $1,209$1,489
IX-25 Total functional expensesPrograms $587,078 · Management $56,819 · Fundraising $0$643,897
Part X · Balance sheet $1,080,919 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $193,753$36,134
X-2 Savings and temporary cash investmentsStart of year $1,037,166$873,969
X-10c Land, buildings and equipment, netStart of year $77,551$77,551
X-14 Intangible assetsStart of year $93,265$93,265
X-16 Total assetsStart of year $1,402,254$1,080,919
X-25 Other liabilities$36,900
X-26 Total liabilitiesStart of year $0$36,900
X-27 Net assets without donor restrictionsStart of year $1,402,254$1,044,019
X-32 Total net assets or fund balancesStart of year $1,402,254$1,044,019
X-33 Total liabilities and net assetsStart of year $1,402,254$1,080,919
Part XI · Reconciliation of net assets $1,044,019 net assets at year end
XI-1 Total revenue$285,662
XI-2 Total expenses$643,897
XI-3 Revenue less expenses−$358,235
XI-4 Net assets at start of year$1,402,254
XI-10 Net assets at end of year$1,044,019

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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