Civic Intelligence

Foundation for Advancement of Spinal Knowledge

990EZ • Fiscal year 2023 • EIN 20-1628324

Jan 01, 2023 to Dec 31, 2023 • Filed on Mar 28, 2024

913 E 26th St Ste 600Minneapolis, MN 55404

(612) 775-6230

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

94th percentile

0.96x

Higher debt load relative to assets than 94% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

99th percentile

8.62x

Higher debt load relative to revenue than 99% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Net Margin

9th percentile

-57%

Higher net margin than 9% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Top Officer Pay

78th percentile

$0

Higher top officer pay than 78% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Asset Growth

60th percentile

7.1%

Faster asset growth than 60% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

71st percentile

28%

Faster revenue growth than 71% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Assets

Up

$279,833

Up $18,577 (+7.1%) from 2022

Net Assets

Down

$11,104

Down $17,894 (-62%) from 2022

Liabilities

Up

$268,729

Up $36,471 (+16%) from 2022

Revenue

Up

$31,184

Up $6,775 (+28%) from 2022

Expenses

Down

$49,076

Down $5,175 (-9.5%) from 2022

Net Income

Up

-$17,892

Up $11,950 (+40%) from 2022

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$400K$200K$0-$200KAssets 2010: $392,940Net Assets 2010: $392,9402010Assets 2011: $381,194Liabilities 2011: $02011Assets 2012: $250,316Liabilities 2012: $02012Assets 2013: $219,946Net Assets 2013: $219,9462013Assets 2014: $323,076Liabilities 2014: $133,591Net Assets 2014: $189,4852014Assets 2015: $274,892Liabilities 2015: $124,994Net Assets 2015: $149,8982015Assets 2016: $231,559Liabilities 2016: $124,909Net Assets 2016: $106,6502016Assets 2017: $200,733Liabilities 2017: $124,909Net Assets 2017: $75,8242017Assets 2018: $221,151Liabilities 2018: $180,409Net Assets 2018: $40,7422018Assets 2019: $220,666Liabilities 2019: $157,137Net Assets 2019: $63,5292019Assets 2020: $203,269Liabilities 2020: $157,260Net Assets 2020: $46,0092020Assets 2021: $270,868Liabilities 2021: $212,028Net Assets 2021: $58,8402021Assets 2022: $261,256Liabilities 2022: $232,258Net Assets 2022: $28,9982022Assets 2023: $279,833Liabilities 2023: $268,729Net Assets 2023: $11,1042023Assets 2024: $195,114Liabilities 2024: $264,185Net Assets 2024: -$69,0712024

Highlighted filing

2023

Assets$279,833
Liabilities$268,729
Net Assets$11,104

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$200K$100K$0-$100K-$200KRevenue 2010: $59,131Expenses 2010: $141,548Net Income 2010: -$82,4172010Revenue 2011: $21,359Expenses 2011: $33,105Net Income 2011: -$11,7462011Revenue 2012: $28Expenses 2012: $130,906Net Income 2012: -$130,8782012Revenue 2013: $23Expenses 2013: $30,393Net Income 2013: -$30,3702013Revenue 2014: $324Expenses 2014: $30,785Net Income 2014: -$30,4612014Revenue 2015: $1,065Expenses 2015: $40,652Net Income 2015: -$39,5872015Revenue 2016: $128Expenses 2016: $43,376Net Income 2016: -$43,2482016Revenue 2017: $15,897Expenses 2017: $46,723Net Income 2017: -$30,8262017Revenue 2018: $40,437Expenses 2018: $75,519Net Income 2018: -$35,0822018Revenue 2019: $79,518Expenses 2019: $56,731Net Income 2019: $22,7872019Revenue 2020: $31,742Expenses 2020: $49,262Net Income 2020: -$17,5202020Revenue 2021: $74,542Expenses 2021: $61,711Net Income 2021: $12,8312021Revenue 2022: $24,409Expenses 2022: $54,251Net Income 2022: -$29,8422022Revenue 2023: $31,184Expenses 2023: $49,076Net Income 2023: -$17,8922023Revenue 2024: $30,971Expenses 2024: $111,146Net Income 2024: -$80,1752024

Highlighted filing

2023

Revenue$31,184
Expenses$49,076
Net Income-$17,892
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Mar 28, 2024
Return Version
2023v5.0
Gross Receipts
$31,184
Mission and Program Overview

Mission

The foundation for the advancement of spinal knowledge was established in 2004 at abbott northwestern hospital, minneapolis, minnesota. We closely work with active spine surgeons at the twin cities spine center. We are pursuing biomechanical research for better treatment of various spinal diseases. The foundation has a biomechanics lab equipped with advanced spine testing machines and dedicated to the spine research program. Our mission is to raise funds to support research and education for the progress of spinal knowledge in order to improve patient care in the following areas. Research: concentrate research efforts on the basic science (biomechanical, cellular, and molecular) of spines to challenge current assumptions,validate new findings, and test their safety, efficacy, and utility. Education: globally communicate new technique via publications, conferences, and training. Patient care: develop a plan for implementation of new knowledge in clinical care of patients. Medical instru

Program Services

DescriptionGrantsExpenses
ENGAGE IN BASIC SCIENCE STUDIES IN THE AREAS OF BIOMECHANICS, NEUROPHYSIOLOGY AND ANATOMY.-$47,557
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
EIMAN SHAFA MDPresident-$0--
BENJAMIN MUELLER MDVice Preside-$0--
OMAR RAMOS MDSecretary-$0--
BAYARD CARLSON MDTreasurer-$0--
Filing and Contact Details

Filer

Filer Name
Foundation for Advancement of
EIN
20-1628324
Phone
6127756230
Address
913 E 26TH ST STE 600, MINNEAPOLIS, MN 55404

Signing Officer

Name
Benjamin Mueller Md
Title
Vice President
Phone
6127756230
Signed
2024-03-28

Preparer

Firm
Enestvedt & Christensen Llp
Address
200 HIGHWAY 13 W STE 200, BURNSVILLE, MN 55337-2549
Preparer
Adam Decknatel CPA
Phone
9528947880
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16

Expenses office supplies 470 general liability insurance 704 bank fees 69 cadavers 7,159 recording fee 25 course labor 1,256 miscellaneous 614 total 10,297

Form 990-ez, Part II, Line 24

Accounts receivable 32,831 0 furniture & equipment 74,706 74,706 less accumulated depreciation 74,706 74,706 total 32,831 0

Form 990-ez, Part II, Line 26

Accounts payable and accrued expenses 14,351 14,228 protocol 44,032 44,032 idloscoll 48,640 48,640 long term outcomes study 32,237 32,237 exp trial 18,000 18,000 due to twin cities spine center 75,000 0 oberg 0 79,363 novel comp 0 32,229

Form 990-ez, Part III

The foundation for the advancement of spinal knowledge was established in 2004 at abbott northwestern hospital, minneapolis, minnesota. We closely work with active spine surgeons at the twin cities spine center. We are pursuing biomechanical research for better treatment of various spinal diseases. The foundation has a biomechanics lab equipped with advanced spine testing machines and dedicated to the spine research program. Our mission is to raise funds to support research and education for the progress of spinal knowledge in order to improve patient care in the following areas. Research: concentrate research efforts on the basic science (biomechanical, cellular, and molecular) of spines to challenge current assumptions,validate new findings, and test their safety, efficacy, and utility. Education: globally communicate new technique via publications, conferences, and training. Patient care: develop a plan for implementation of new knowledge in clinical care of patients. Medical instruments: design medical instruments for research and clinical applications.

Raw XML Appendix156 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990EZ/PrimaryExemptPurposeTxt0THE FOUNDATION FOR THE ADVANCEMENT OF SPINAL KNOWLEDGE WAS ESTABLISHED IN 2004 AT ABBOTT NORTHWESTERN HOSPITAL, MINNEAPOLIS, MINNESOTA. WE CLOSELY WORK WITH ACTIVE SPINE SURGEONS AT THE TWIN CITIES SPINE CENTER. WE ARE PURSUING BIOMECHANICAL RESEARCH FOR BETTER TREATMENT OF VARIOUS SPINAL DISEASES. THE FOUNDATION HAS A BIOMECHANICS LAB EQUIPPED WITH ADVANCED SPINE TESTING MACHINES AND DEDICATED TO THE SPINE RESEARCH PROGRAM. OUR MISSION IS TO RAISE FUNDS TO SUPPORT RESEARCH AND EDUCATION FOR THE PROGRESS OF SPINAL KNOWLEDGE IN ORDER TO IMPROVE PATIENT CARE IN THE FOLLOWING AREAS. RESEARCH: CONCENTRATE RESEARCH EFFORTS ON THE BASIC SCIENCE (BIOMECHANICAL, CELLULAR, AND MOLECULAR) OF SPINES TO CHALLENGE CURRENT ASSUMPTIONS,VALIDATE NEW FINDINGS, AND TEST THEIR SAFETY, EFFICACY, AND UTILITY. EDUCATION: GLOBALLY COMMUNICATE NEW TECHNIQUE VIA PUBLICATIONS, CONFERENCES, AND TRAINING. PATIENT CARE: DEVELOP A PLAN FOR IMPLEMENTATION OF NEW KNOWLEDGE IN CLINICAL CARE OF PATIENTS. MEDICAL INSTRU
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXPENSES OFFICE SUPPLIES 470 GENERAL LIABILITY INSURANCE 704 BANK FEES 69 CADAVERS 7,159 RECORDING FEE 25 COURSE LABOR 1,256 MISCELLANEOUS 614 TOTAL 10,297
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE FOUNDATION FOR THE ADVANCEMENT OF SPINAL KNOWLEDGE WAS ESTABLISHED IN 2004 AT ABBOTT NORTHWESTERN HOSPITAL, MINNEAPOLIS, MINNESOTA. WE CLOSELY WORK WITH ACTIVE SPINE SURGEONS AT THE TWIN CITIES SPINE CENTER. WE ARE PURSUING BIOMECHANICAL RESEARCH FOR BETTER TREATMENT OF VARIOUS SPINAL DISEASES. THE FOUNDATION HAS A BIOMECHANICS LAB EQUIPPED WITH ADVANCED SPINE TESTING MACHINES AND DEDICATED TO THE SPINE RESEARCH PROGRAM. OUR MISSION IS TO RAISE FUNDS TO SUPPORT RESEARCH AND EDUCATION FOR THE PROGRESS OF SPINAL KNOWLEDGE IN ORDER TO IMPROVE PATIENT CARE IN THE FOLLOWING AREAS. RESEARCH: CONCENTRATE RESEARCH EFFORTS ON THE BASIC SCIENCE (BIOMECHANICAL, CELLULAR, AND MOLECULAR) OF SPINES TO CHALLENGE CURRENT ASSUMPTIONS,VALIDATE NEW FINDINGS, AND TEST THEIR SAFETY, EFFICACY, AND UTILITY. EDUCATION: GLOBALLY COMMUNICATE NEW TECHNIQUE VIA PUBLICATIONS, CONFERENCES, AND TRAINING. PATIENT CARE: DEVELOP A PLAN FOR IMPLEMENTATION OF NEW KNOWLEDGE IN CLINICAL CARE OF PATIENTS. MEDICAL INSTRUMENTS: DESIGN MEDICAL INSTRUMENTS FOR RESEARCH AND CLINICAL APPLICATIONS.
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART III
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.95$2.64$0.69$0.31$1.11$0.80
2023Detailed filing. Detailed filing data is available for this year.$2.80$2.69$0.11$0.31$0.49$0.18
2022Detailed filing. Detailed filing data is available for this year.$2.61$2.32$0.29$0.24$0.54$0.30
2021Detailed filing. Detailed filing data is available for this year.$2.71$2.12$0.59$0.75$0.62$0.13
2020Detailed filing. Detailed filing data is available for this year.$2.03$1.57$0.46$0.32$0.49$0.18
2019Detailed filing. Detailed filing data is available for this year.$2.21$1.57$0.64$0.80$0.57$0.23
2018Detailed filing. Detailed filing data is available for this year.$2.21$1.80$0.41$0.40$0.76$0.35
2017Detailed filing. Detailed filing data is available for this year.$2.01$1.25$0.76$0.16$0.47$0.31
2016Detailed filing. Detailed filing data is available for this year.$2.32$1.25$1.07$0.00$0.43$0.43
2015Detailed filing. Detailed filing data is available for this year.$2.75$1.25$1.50$0.01$0.41$0.40
2014Detailed filing. Detailed filing data is available for this year.$3.23$1.34$1.89$0.00$0.31$0.30
2013Detailed filing. Detailed filing data is available for this year.$2.20$2.20$0.00$0.30$0.30
2012Summary only. Only limited summary data is available for this year.$2.50$0.00$0.00$1.31$1.31
2011Summary only. Only limited summary data is available for this year.$3.81$0.00$0.21$0.33$0.12
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.93$3.93$0.59$1.42$0.82