Civic Intelligence

Scoliosis Research Society

EIN 23-7181863 • 501(c)3 • Milwaukee, WI

Profile

The purpose of the scoliosis research society is to foster the optimal care of all patients with spinal deformities.

555 East Wells Street 1100Milwaukee, WI 53202

www.srs.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

20th percentile

0.02x

Higher debt load relative to assets than 20% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

24th percentile

0.07x

Higher debt load relative to revenue than 24% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Net Margin

62nd percentile

10%

Higher net margin than 62% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

16th percentile

$40,000

Higher top officer pay than 16% of similar nonprofits.

Top officer pay equals 0.7% of source-year revenue.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Asset Growth

67th percentile

9.8%

Faster asset growth than 67% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Revenue Growth

25th percentile

-4.9%

Faster revenue growth than 25% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets20th percentile

Assets

Up

$23,420,622

Up $3,495,037 (+18%) from 2022

Liabilities

Down

$401,003

Down $248,017 (-38%) from 2022

Net Assets

Up

$23,019,619

Up $3,743,054 (+19%) from 2022

Operations
Liabilities / Revenue24th percentileNet Margin62nd percentile

Revenue

Down

$5,997,056

Down $1,746,297 (-23%) from 2022

Expenses

Up

$5,395,587

Up $89,504 (+1.7%) from 2022

Net Income

Down

$601,469

Down $1,835,801 (-75%) from 2022

Trend Graphs

Balance Sheet Trend

Asset Growth67th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$30M$20M$10M$0Assets 2016: $12,670,512Liabilities 2016: $289,226Net Assets 2016: $12,381,2862016Assets 2017: $14,021,849Liabilities 2017: $173,275Net Assets 2017: $13,848,5742017Assets 2018: $13,469,200Liabilities 2018: $170,017Net Assets 2018: $13,299,1832018Assets 2019: $15,810,968Liabilities 2019: $384,468Net Assets 2019: $15,426,5002019Assets 2020: $17,367,746Liabilities 2020: $401,546Net Assets 2020: $16,966,2002020Assets 2021: $19,613,993Liabilities 2021: $386,628Net Assets 2021: $19,227,3652021Assets 2022: $19,925,585Liabilities 2022: $649,020Net Assets 2022: $19,276,5652022Assets 2024: $23,420,622Liabilities 2024: $401,003Net Assets 2024: $23,019,6192024

Highlighted filing

2024

Assets$23,420,622
Liabilities$401,003
Net Assets$23,019,619
Open 2024 Filing

Operations Trend

Revenue Growth25th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$8.0M$6.0M$4.0M$2.0M$0Revenue 2016: $5,131,487Expenses 2016: $4,742,368Net Income 2016: $389,1192016Revenue 2017: $5,588,664Expenses 2017: $5,387,015Net Income 2017: $201,6492017Revenue 2018: $5,937,807Expenses 2018: $5,417,694Net Income 2018: $520,1132018Revenue 2019: $5,842,920Expenses 2019: $5,122,520Net Income 2019: $720,4002019Revenue 2020: $3,250,108Expenses 2020: $2,744,036Net Income 2020: $506,0722020Revenue 2021: $4,690,080Expenses 2021: $3,221,762Net Income 2021: $1,468,3182021Revenue 2022: $7,743,353Expenses 2022: $5,306,083Net Income 2022: $2,437,2702022Revenue 2024: $5,997,056Expenses 2024: $5,395,587Net Income 2024: $601,4692024

Highlighted filing

2024

Revenue$5,997,056
Expenses$5,395,587
Net Income$601,469
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$23,420,622
Liabilities
$401,003
Net assets
$23,019,619
Revenue
$5,997,056
Expenses
$5,395,587
Net income
$601,469
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$23.4$0.40$23.0$6.00$5.40$0.60
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$19.9$0.65$19.3$7.74$5.31$2.44
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$19.6$0.39$19.2$4.69$3.22$1.47
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$17.4$0.40$17.0$3.25$2.74$0.51
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$15.8$0.38$15.4$5.84$5.12$0.72
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$13.5$0.17$13.3$5.94$5.42$0.52
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$14.0$0.17$13.8$5.59$5.39$0.20
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$12.7$0.29$12.4$5.13$4.74$0.39
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Oct 24, 2025
Return Version
2024v5.2
Gross Receipts
$5,997,771
Mission and Program Overview

Mission

The purpose of the scoliosis research society is to foster the optimal care of all patients with spinal deformities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$17,255,306$19,758,854▲ $2,503,548
Cash and Non-Interest-Bearing Accounts$1,970,099$1,579,687▼ $390,412
Prepaid Expenses and Deferred Charges$380,560$526,756▲ $146,196
Accounts Receivable$217,774$324,371▲ $106,597
Savings and Temporary Cash Investments$511,429$264,402▼ $247,027
Intangible Assets$265,727$170,932▼ $94,795
Inventories for Sale or Use$70,191$69,476▼ $715
Total Assets$21,328,808$23,420,622▲ $2,091,814
Other Assets Total$657,722$726,144▲ $68,422
Liabilities
Deferred Revenue$336,048$366,080▲ $30,032
Accounts Payable and Accrued Expenses$81,266$34,923▼ $46,343
Total Liabilities$417,314$401,003▼ $16,311
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$14,800,874$16,157,307▲ $1,356,433
Net Assets With Donor Restrictions$6,110,620$6,862,312▲ $751,692
Total Net Assets Fund Balance$20,911,494$23,019,619▲ $2,108,125
Total Liabilities and Net Assets / Fund Balance$21,328,808$23,420,622▲ $2,091,814

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$3,318,060-▲ $363,642-$3,673,152
2023$2,833,231-▲ $489,287-$3,318,060
2022-$3,000,000▼ $166,769-$2,833,231
Compensation and Service Providers
Top Officer Pay16th percentile

Employees

NameTitleBaseTotal
Marinus De Kleuver Md PhdPast President$40,000$40,000

Board Members and Trustees

NameTitle
Ron El-hawary MdCommunication Chair
Munish Gupta MdEducation Chair
Douglas Burton MdResearch Chair
Serena S Hu MdPast President 1
Laurel C Blakemore MdPresident
Suken a Shah MdPresident Elect
Ferran Pellise Md PhdVice President
Christopher AmesDirector
Eric Klineberg MdDirector
Firoz Miyanji Md FrcscDirector
Javier PizonesDirector
Joshua PahysDirector
Kota Watanabe Md PhdDirector
Lindsay Andras MdDirector
Michael VitaleDirector
Michelle WelbornDirector
Praveen MummaneniSecretary
David Skaggs Md MmmTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Executive Director INCManagement555 E WELLS STREET STE 1100, Milwaukee, WI 53202$1,571,452
Revenue and Support

Revenue Composition

Contributions and Grants
$1,749,419
Program Service Revenue
$3,602,503
Investment Income
$513,393
Other Revenue
$131,741
All Other Contributions
$1,749,419
Change in Net Assets
$601,469

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,951,278
Revenue Not Reported on Financial Statements
$45,778
Revenue Not Reported on Form 990
$1,506,656
Total Revenue per Audited Statements
$7,457,934
Total Revenue per Form 990
$5,997,056
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$4,772,726
Grants and Similar Amounts Paid$582,861
Salaries, Compensation, and Employee Benefits$40,000
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Conferences and Meetings$2,335,044$28,017-$2,363,061
Fees for Services Management$581,437$990,015-$1,571,452
Grants to Domestic Orgs$249,118--$249,118
Foreign Grants$231,468--$231,468
Travel$82,103$78,290-$160,393
Office Expenses$105,452$30,475-$135,927
Grants to Domestic Individuals$102,275--$102,275
Depreciation Depletion$23,676$71,119-$94,795
Information Technology$41,896$40,509-$82,405
Fees for Service Investment Mgmnt Fees-$45,778-$45,778
Insurance$30,922$9,904-$40,826
Current Officers, Directors, Trustees, and Key Employees-$40,000-$40,000
Fees for Services Other$28,914$7,500-$36,414
All Other Expenses$21,747$14,393-$36,140
Advertising$2,965$14,459-$17,424
Fees for Services Legal-$17,346-$17,346
Other Expenses$14,849$8,541-$14,849
Fees for Services Accounting-$14,425-$14,425
Total Functional Expenses$3,984,816$1,410,771$0$5,395,587

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$5,395,587
Expenses per Audited Statements$5,349,809
Total Expenses per Audited Statements$5,349,809
Expenses Not Reported on Financial Statements$45,778
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
University of Colorado DenverDenver, CO501(c)(3)Research Grant$69,420
Texas Scottish Rite HospitalDallas, TX501(c)(3)Research Grant$30,000
The Curators of the University of MissouriKansas City, MO501(c)(3)Research Grant$20,000
University of Colorado DenverDenver, CO501(c)(3)Research Grant$20,000
University of RochesterRochester, NY501(c)(3)Research Grant$20,000
University of UtahSalt Lake City, UT501(c)(3)Research Grant$20,000
Stanford UniversitySan Francisco, CA501(c)(3)Research Grant$12,443
Washington UniversitySt Louis, MO501(c)(3)Research Grant$12,000
Regents of the University of California DavisLos Angeles, CA501(c)(3)Research Grant$11,100
Regents of the University of California San DiegoLa Jolla, CA501(c)(3)Research Grant$8,697
Orthocarolina Research InstituteCharlotte, NC501(c)(3)Research Grant$7,500
Mayo Clinic ResearchMinneapolis, MN501(c)(3)Research Grant$7,358
Regents of the University of Michigan Office of ResearchAnn Arbor, MI501(c)(3)Research Grant$6,250

International Summary

Offices
0
Employees
0
Spending
$2,351,131

International Compliance

Foreign grant records maintained
No
Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
EuropeProgram ServicesAnnual Meeting--$1,656,343
South AmericaProgram ServicesSpine Deformity Solutions Course--$210,759
EuropeGrants to Recipients Located in Region---$155,168
EuropeProgram ServicesCurrent Concepts in Spine Deformity Courses--$98,435
East Asia & the PacificProgram ServicesSpine Deforemity Solutions Course--$92,341
North AmericaGrants to Recipients Located in Region---$44,300
East Asia & the PacificProgram ServicesEducational Courses--$40,174
East Asia & the PacificGrants to Recipients Located in Region---$32,000
South AmericaProgram ServicesEducational Courses--$21,611
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

“Line 3 explanation - srs is contracted with executive director, inc. (edi) to provide association management services.”

Form 990, Part VI, Section A, Line 6

“Line 6 explanation - srs has six classes of membership (referred to as "fellowship") namely, candidate, active, inactive, associate, emeritus, and honorary.”

Form 990, Part VI, Section A, Line 7A

“Line 7a explanation - the nominating committee presents a final slate of candidates to the srs membership and the candidates are elected upon receiving a majority of the votes cast by active fellows at the annual meeting.”

Form 990, Part VI, Section A, Line 7B

“Line 7b explanation - there are three decisions that require a vote by the members: election of officers, removal of an officer and amendments to the bylaws. Only active members in good standing may vote, and they must vote in person at the annual meeting or at a special meeting, if one is called. Election of officers requires only a simple majority. Amendments and removal of an officer requre a 2/3 majority of those present.”

Form 990, Part VI, Section B, Line 11B

“Line 11b explanation - the board of directors receives and reviews a copy of the form 990 and all applicable schedules. After the board approves of the form, it is signed by a selected officer and filed with the irs.”

Form 990, Part VI, Section B, Line 12C

“Management reviews the disclosure forms and informs the board of any possible conflicts. The forms are kept on file and available for the board of directors to review.”

Form 990, Part VI, Section B, Line 15

“Srs is managed by executive director, inc., a for-profit management company. Srs has no official employees because all staff assigned to srs are employees of the management company. Srs contracts with executive director, inc to provide office facilities, management, record keeping, accounting, storage, other significant services and related overcost. The association management fee is reviewed at least once a year by the board, usually during the budgeting process for the next year. Srs does not have anybody who fits the definition of a key employee. Reasonable compensation for services rendered to or for srs to officers is annually reviewed and approved by the board during the budgeting process.”

Form 990, Part VI, Section C, Line 19

“Srs makes its governing documents, conflict of interest policy, and form 990/990-t available for public inspection upon request. All requests should be made to the srs office and a print or electronic copy of the requested documents will be provided.”

Filing and Contact Details

Filer

Filer Name
Scoliosis Research Society
EIN
23-7181863
Phone
4142899107
Address
555 EAST WELLS STREET 1100, MILWAUKEE, WI 53202

Signing Officer

Name
Gregory Mundis Jr
Title
Treasurer
Phone
4142899107
Signed
2025-10-24
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Laurel Blakemore Md
Formed
1966
Legal Domicile
Il
Voting Board Members
18
Independent Board Members
17
Employees
0
Volunteers
20

Preparer

Firm
Ritz Holman Llp
Address
330 E KILBOURN AVE SUITE 222, MILWAUKEE, WI 53202
Preparer
Katy L Sommer
Phone
4142711451
Supplemental Narrative

Financial Statement Notes

PART V, LINE 4:

“Set up to fund grants for research into the causes of new and improved methods of treatment for and potential cures for idiopathic scoliosis.”

PART X, LINE 2:

“The organization is exempt from income tax under section 501(c)(3) of the internal revenue code and is classified as other than a private foundation. However, income from certain activities (primarily advertising income) not directly related to the organization's tax-exempt purpose is subject to taxation as unrelated business income. As of december 31, 2024, the organization had a tax asset of $4,378 for estimated payments in excess of actual unrelated business income tax (ubit). Estimated tax payments and prior year overpayments applied to 2024 tax totaled $403. Total unrelated business income tax expense for the year ended december 31, 2024, was $632. Management has reviewed all tax positions recognized in previously filed tax returns in the u.s. Federal and state jurisdictions and those expected to be taken in future tax returns. As of december 31, 2024, the organization had no amounts related to unrecognized income tax benefits and no amounts related to accrued interest and penalties. The organization does not anticipate any significant changes to unrecognized income tax benefits over the next year.”

Raw XML AppendixShowing 400 of 849 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.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt081266
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt034923
IRS990/AccountsReceivableGrp/BOYAmt0217774
IRS990/AccountsReceivableGrp/EOYAmt0324371
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0THE PURPOSE OF THE SCOLIOSIS RESEARCH SOCIETY IS TO FOSTER THE OPTIMAL CARE OF ALL PATIENTS WITH SPINAL DEFORMITIES.
IRS990/AdvertisingGrp/ManagementAndGeneralAmt014459
IRS990/AdvertisingGrp/ProgramServicesAmt02965
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IRS990/Form990PartVIISectionAGrp/TitleTxt0PAST PRESIDENT 1
IRS990/Form990PartVIISectionAGrp/TitleTxt1PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2PRESIDENT ELECT
IRS990/Form990PartVIISectionAGrp/TitleTxt3PAST PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt4TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt5VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt6SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt7EDUCATION CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt8COMMUNICATION CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt9RESEARCH CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
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IRS990/ProgSrvcAccomActy2Grp/Desc0THE ANNUAL MEETING AND COURSE IS A FORUM FOR THE REALIZATION OF THE SOCIETY'S MISSION AND GOALS, THE IMPROVEMENT OF PATIENT CARE FOR THOSE WITH SPINAL DEFORMITIES. PRESENTATIONS AT THE ANNUAL MEETING & COURSE ARE GIVEN BY LEADING EXPERTS IN THE FIELD AND HAVE VALUE FOR HEALTH CARE PROFESSIONALS WHO TREAT SPINAL DEFORMITIES AT ALL LEVELS AND IN ALL AGES. OVER 100 PAPERS ARE PRESENTED ON AN ARRAY OF TOPICS, INCLUDING ADOLESCENT IDIOPATHIC SCOLIOSIS, GROWING SPINE, KYPHOSIS, ADULT DEFORMITY, TRAUMA, NEUROMUSCULAR SCOLIOSIS AND TUMORS.
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IRS990/ProgSrvcAccomActy3Grp/Desc0SPINE DEFORMITY SOLUTIONS: A HANDS-ON COURSE: PROVIDES AN OPPORTUNITY FOR PARTICIPANTS TO EXPAND THEIR KNOWLEDGE AND IMPROVE THEIR SKILLS THROUGH TRAINING AND DISCUSSIONS WITH LEADING SPINAL DEFORMITY SURGEONS FROM AROUND THE WORLD.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0296886
IRS990/ProgSrvcAccomActyOtherGrp/Desc0OTHER PROGRAM SERVICES: GLOBAL OUTREACH & WORLD WIDE COURSES; JOURNAL; TRAVELING FELLOWSHIP & SCHOLARSHIPS; RESEARCH; DIRECTED COURSES, SPINE DEFORMITY COURSES
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