Orthopedic Athletic & Reconstructive FY2020 filing

Houston, TXUnknown exempt organization EIN 76-0257078Revenue $15K in FY2020

On file with the IRS6400 Fannin Street No 1700 · Houston, TX

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Medical research in orthopedics via clinical encounters/conferences & support of education

82¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

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FY2020 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2022
latest Form 990
Worth a look: the latest return is for FY2022, 4 tax years back; more than 3 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 3
filings with a surplus
Average deficit $127K a year · 374% of revenue · last 3 filings
Concern: a surplus in 1 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
82%
of spending
Looks good: 82% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
7 mo
of spending, in cash
Plus $270K in investments, Pt X · Ln 11–13
Looks good: 7.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
2
of 3 voting members
Looks good: 2 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$15K
Spent
$79K
To programs
82%
Net assets
$319K
By yearFY2020–FY2022
Revenue
$15K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$15K
FY2021$87K
FY2022$34
Expenses
$79K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$79K
FY2021$8K
FY2022$398K
Net assets
$319K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$319K
FY2021$398K
FY2022$0

From the FY2020 Form 990 (year ending June 2020) · see the original

990 PDF Claim
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2022) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2022.

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

Where the money goes

82 cents of each dollar spent went to programs.

Program services 82% · $64K Management & general 18% · $14K

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

3 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
Secretary/Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Orthopedic Athletic & Reconstructive executive salaries →

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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 15aNo

Programs and updates

Advance orthopedic medicine through research, patient care, and educational events.

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Provided by the organization

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3 programs · $64K · in their own filed words · FY2019
01

Support rice university student education through grant to fund scholarships.

$50Kprogram expense
02

Participation in conferences to derive medical research information.

$12Kprogram expense
03

DIAGNOSIS/TREATMENT of patients in HOSPITALS/CLINICS/SPORTS medicine facilities to derive medical research information.

$3Kprogram 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 · 2 grants · $427K · 2019–2021
William Marsh Rice UniversityTX · FY2021$377,000

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$15K
Ln 12
Investment incomeLn 3$15K
Money outPt IX
$79K
Ln 25
Programscol B$64K
Managementcol C$14K
Owns and owesPt X
$319K
net assets · Ln 32
Cash and savingsLn 1–2$49K
Total assetsLn 16$319K
LiabilitiesLn 26$0
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b2
2In more detail
Revenue in detailPt VIII
Investment incomeLn 3$15K
Gains on assetsLn 7$8K
Total revenueLn 12$15K
Assets in detailPt X, end of year
CashLn 1$4K
SavingsLn 2$45K
Cash and savings togetherLn 1–2$49K
InvestmentsLn 11–13$270K
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$319K
LiabilitiesLn 26$0
Net assetsLn 32$319K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$10K$49K
InvestmentsLn 11–13$373K$270K
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$382K$319K
LiabilitiesLn 26$0$0
Net assetsLn 32$382K$319K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$50K$50K
Accounting feesLn 11c$12K$12K
Investment management feesLn 11f$3K$3K
Office expensesLn 13$586$578$8
Information technologyLn 14$670$670
OccupancyLn 16$911$911
Conferences, conventions and meetingsLn 19$12K$12K
Other expenses (24a–d)Ln 24$622$622
Total functional expensesLn 25$79K$64K$14K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2022 Latest $34$398K−$398K$0 990 PDF
FY2021 $87K$8K$79K$398K 990 PDF
FY2020 Viewing $15K$79K−$64K$319K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $15,203 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $5,611$15,203
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $5,611$15,203
I-13 Grants and similar amounts paidPrior year $10,000$50,000
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $17,280$28,749
I-18 Total expensesPrior year $27,280$78,749
I-19 Revenue less expensesPrior year −$21,669−$63,546
Part VI · Governance 2 of 3 board members independent, 4 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members2
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $15,203 across 3 lines filed
VIII-3 Investment incomeExcluded from tax $7,465$7,465
VIII-7 Net gain or loss on sales of assetsExcluded from tax $7,738$7,738
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $15,203$15,203
Part IX · Statement of functional expenses $78,749 across 8 lines filed
IX-1 Grants to domestic organizationsPrograms $50,000$50,000
IX-11c Accounting feesManagement $11,827$11,827
IX-11f Investment management feesManagement $2,616$2,616
IX-13 Office expensesPrograms $578 · Management $8$586
IX-14 Information technologyPrograms $670$670
IX-16 OccupancyPrograms $911$911
IX-19 Conferences, conventions and meetingsPrograms $11,517$11,517
IX-24 Other expenses (24a–d)Programs $622$622
IX-25 Total functional expensesPrograms $64,298 · Management $14,451 · Fundraising $0$78,749
Part X · Balance sheet $318,904 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $4,810$3,675
X-2 Savings and temporary cash investmentsStart of year $5,035$44,891
X-10c Land, buildings and equipment, netStart of year $0$0
X-11 Publicly traded securitiesStart of year $372,605$270,338
X-16 Total assetsStart of year $382,450$318,904
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $382,450$318,904
X-33 Total liabilities and net assetsStart of year $382,450$318,904
Part XI · Reconciliation of net assets $318,904 net assets at year end
XI-1 Total revenue$15,203
XI-2 Total expenses$78,749
XI-3 Revenue less expenses−$63,546
XI-4 Net assets at start of year$382,450
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$318,904

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

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