Civic Intelligence

Growing Spine Foundation

990 • Fiscal year 2019 • EIN 26-2957409

Jan 01, 2019 to Dec 31, 2019 • Filed on Nov 13, 2020

555 E Wells StreetMilwaukee, WI 53202

(414) 276-6445

Siviq Scores

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

Liabilities / Assets

23rd percentile

0.00x

Higher debt load relative to assets than 23% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

25th percentile

0.01x

Higher debt load relative to revenue than 25% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

57th percentile

6.1%

Higher net margin than 57% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

36th percentile

$0

Higher top officer pay than 36% of similar nonprofits.

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

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

35th percentile

-1.0%

Faster asset growth than 35% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

6th percentile

-43%

Faster revenue growth than 6% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Assets

Down

$1,704,543

Down $17,038 (-1.0%) from 2018

Net Assets

Up

$1,697,227

Up $36,244 (+2.2%) from 2018

Liabilities

Down

$7,316

Down $53,282 (-88%) from 2018

Revenue

Down

$597,895

Down $451,847 (-43%) from 2018

Expenses

Up

$561,651

Up $70,496 (+14%) from 2018

Net Income

Down

$36,244

Down $522,343 (-94%) from 2018

Historical Trend

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2011: $652,664Liabilities 2011: $0Net Assets 2011: $652,6642011Assets 2015: $863,818Liabilities 2015: $91,846Net Assets 2015: $771,9722015Assets 2016: $975,181Liabilities 2016: $35,695Net Assets 2016: $939,4862016Assets 2017: $1,201,192Liabilities 2017: $34,521Net Assets 2017: $1,166,6712017Assets 2018: $1,721,581Liabilities 2018: $60,598Net Assets 2018: $1,660,9832018Assets 2019: $1,704,543Liabilities 2019: $7,316Net Assets 2019: $1,697,2272019Assets 2020: $1,710,592Liabilities 2020: $6,274Net Assets 2020: $1,704,3182020Assets 2021: $0Liabilities 2021: $0Net Assets 2021: $02021

Highlighted filing

2019

Assets$1,704,543
Liabilities$7,316
Net Assets$1,697,227

Operations Trend

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

$1.5M$1.0M$500K$0-$500KExpenses 2011: $247,0282011Revenue 2015: $436,015Expenses 2015: $535,471Net Income 2015: -$99,4562015Revenue 2016: $571,931Expenses 2016: $400,369Net Income 2016: $171,5622016Revenue 2017: $661,079Expenses 2017: $501,944Net Income 2017: $159,1352017Revenue 2018: $1,049,742Expenses 2018: $491,155Net Income 2018: $558,5872018Revenue 2019: $597,895Expenses 2019: $561,651Net Income 2019: $36,2442019Revenue 2020: $195,913Expenses 2020: $299,686Net Income 2020: -$103,7732020Revenue 2021: $94,880Expenses 2021: $15,848Net Income 2021: $79,0322021

Highlighted filing

2019

Revenue$597,895
Expenses$561,651
Net Income$36,244
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Nov 13, 2020
Return Version
2019v5.0
Gross Receipts
$597,895
Mission and Program Overview

Mission

To improve the care of patients with early onset scoliosis and related deformities through research, education and advocacy.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$790,278$949,290▲ $159,012
Pledges and Grants Receivable$494,802$415,765▼ $79,037
Cash and Non-Interest-Bearing Accounts$405,440$317,062▼ $88,378
Savings and Temporary Cash Investments$18,158$18,249▲ $91
Accounts Receivable$3,659$0▼ $3,659
Intangible Assets$5,847$2,506▼ $3,341
Prepaid Expenses and Deferred Charges$2,399$997▼ $1,402
Land, Buildings, and Equipment, Net$998$674▼ $324
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Inventories for Sale or Use-$0-
Total Assets$1,721,581$1,704,543▼ $17,038
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$60,598$7,316▼ $53,282
Total Liabilities$60,598$7,316▼ $53,282
Net Assets / Fund Balance
Net Assets With Donor Restrictions$1,302,538$1,197,175▼ $105,363
Net Assets Without Donor Restrictions$358,445$500,052▲ $141,607
Total Net Assets Fund Balance$1,660,983$1,697,227▲ $36,244
Total Liabilities and Net Assets / Fund Balance$1,721,581$1,704,543▼ $17,038

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$674$944$1,618

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2019$734,365$8,677▲ $159,011-$902,053
2018$727,361$1,606▲ $5,398-$734,365
2017$671,719$22,007▲ $33,635-$727,361
2016$614,843$60,924▼ $4,048-$671,719
2015$622,551$16,368▼ $24,076-$614,843
Compensation and Service Providers

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Executive Director IncManagement555 E Wells Street, Milwaukee, WI 53202$189,770
Childrens Spine FoundationResearchPO BOX 397, Valley Forge, PA 19481$109,920
Revenue and Support

Revenue Composition

Contributions and Grants
$193,632
Program Service Revenue
$245,160
Investment Income
$159,103
Other Revenue
$0
All Other Contributions
$193,632
Change in Net Assets
$36,244
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$561,651
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$265,586--$265,586
Conferences and Meetings$134,932--$134,932
Fees for Services Management$68,100$4,800-$72,900
Information Technology$39,506$88-$39,594
Travel$16,495--$16,495
Other Expenses$9,826$456-$10,282
Office Expenses$7,890$1,927-$9,817
Depreciation Depletion$324$3,341-$3,665
Advertising$2,759--$2,759
Fees for Services Legal$2,625--$2,625
Insurance-$2,081-$2,081
Fees for Services Accounting-$915-$915
Total Functional Expenses$548,043$13,608$0$561,651
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Line 3: Description of Delegated Duties to Management Company

Gsf is in contract with executive director, inc., an association management company.

Form 990, Part VI, Line 11B: Form 990 Review Process

The organizations form 990 and all applicable schedules are reviewed by the officers and made available to the board members. Upon officer approval, the forms are signed and filed with the appropriate taxing authorities.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

Gsf's conflict of interest policy covers officers, directors, any person serving on a committee with board-delegated powers, and if in the future, executive staff. Persons are annually required to disclose any financial or business interests which could give rise to conflicts. If new interests arise during the year covered persons are required to disclose any new interest immediately. The person with conflict will be excused from discussion and the board of directors will determine whether a conflict exists as it relates to any proposed transaction. Depending on the conflict the board will determine whether to take no action, assure full disclosure to the board and other individuals covered by the policy, ask the person to refrain from participation in related discussions/decisions within the organization, or ask the person to resign or be removed from their position in gsf.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

Gsf makes its governing documents, conflict of interest policy, and form 990 available for public inspection upon request. All requests should be in writing to the gsf office.

Filing and Contact Details

Filer

Filer Name
Growing Spine Foundation
EIN
26-2957409
Phone
4142766445
Address
555 E WELLS STREET, MILWAUKEE, WI 53202

Signing Officer

Name
Behrooz a Akbarnia Md
Title
President
Signed
2020-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Behrooz a Akbarnia Md
Formed
2008
Legal Domicile
CA
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
7

Preparer

Firm
Ritz Holman LLP
Address
330 E Kilbourn Ste 550, Milwaukee, WI 53202-3144
Preparer
Katy L Sommer
Phone
4142711451
Supplemental Narrative

Financial Statement Notes

Part V, Line 4: Intended uses of the endowment fund.

The endowment funds are intended to be used for support of growing spine research and education.

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IRS990/ProgramServiceRevenueGrp/Desc0EDUCATIONAL CONFERENCE
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IRS990/ProgSrvcAccomActy2Grp/Desc0THE INTERNATIONAL CONGRESS ON EARLY ONSET SCOLIOSIS AND GROWING SPINE (ICEOS) WAS HELD IN ATLANTA, GEORGIA AND ATTRACTED SURGEONS FROM ALL OVER THE WORLD. THE CME-ACCREDITED COURSE INCLUDES A MIX OF INVITED LECTURES, FREE PAPERS, DEBATES, CASE DISCUSSIONS, AND NON-CME SURGICAL TECHNIQUE FORUMS UNDER THE DIRECTOR OF INTERNATIONAL FACULTY LEADERS IN THE GROWING SPINE FIELD. THE COURSE IS DESIGNED FOR ORTHOPAEDIC AND NEUROLOGICAL SURGEONS, FELLOWS AND RESIDENTS WHO INCLUDE PEDIATRIC SPINAL DEFORMITY SURGERY IN THEIR PRACTICIES. NURSES, NURSE PRACTITIONERS, PHYSICIAN ASSISTANTS, AND PHYSICIANS PROVIDING NON-OPERATIVE CARE OF SPINAL DEFORMITIES MAY ALSO BENEFIT.
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ENDOWMENT FUNDS ARE INTENDED TO BE USED FOR SUPPORT OF GROWING SPINE RESEARCH AND EDUCATION.

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