Civic Intelligence

J Robert Gladden Orthopaedic Society

990 • Fiscal year 2016 • EIN 36-4245550

Jan 01, 2016 to Dec 31, 2016 • Filed on Jul 24, 2017

9400 W Higgins Road Suite 500Rosemont, IL 60018

(847) 384-4233

Siviq Scores

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

Liabilities / Assets

41st percentile

0.02x

Higher debt load relative to assets than 41% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Liabilities / Revenue

59th percentile

0.07x

Higher debt load relative to revenue than 59% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Net Margin

6th percentile

-53%

Higher net margin than 6% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Top Officer Pay

49th percentile

$0

Higher top officer pay than 49% of similar nonprofits.

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

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Asset Growth

14th percentile

-13%

Faster asset growth than 14% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Revenue Growth

7th percentile

-43%

Faster revenue growth than 7% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Assets

Down

$552,434

Down $80,860 (-13%) from 2015

Net Assets

Down

$544,040

Down $52,835 (-8.9%) from 2015

Liabilities

Down

$8,394

Down $28,025 (-77%) from 2015

Revenue

Down

$114,882

Down $86,407 (-43%) from 2015

Expenses

Up

$175,388

Up $10,892 (+6.6%) from 2015

Net Income

Down

-$60,506

Down $97,299 (-264%) from 2015

Historical Trend

Balance Sheet Trend

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

$1.0M$500K$0Assets 2010: $678,652Liabilities 2010: $96,167Net Assets 2010: $582,4852010Assets 2011: $551,794Liabilities 2011: $48,528Net Assets 2011: $503,2662011Assets 2012: $561,048Liabilities 2012: $68,607Net Assets 2012: $492,4412012Assets 2013: $538,423Liabilities 2013: $29,445Net Assets 2013: $508,9782013Assets 2014: $575,096Liabilities 2014: $7,447Net Assets 2014: $567,6492014Assets 2015: $633,294Liabilities 2015: $36,419Net Assets 2015: $596,8752015Assets 2016: $552,434Liabilities 2016: $8,394Net Assets 2016: $544,0402016Assets 2017: $530,939Liabilities 2017: $17,319Net Assets 2017: $513,6202017Assets 2018: $554,241Liabilities 2018: $22,172Net Assets 2018: $532,0692018Assets 2019: $474,371Liabilities 2019: $17,164Net Assets 2019: $457,2072019Assets 2020: $517,081Liabilities 2020: $63,411Net Assets 2020: $453,6702020Assets 2021: $688,557Liabilities 2021: $142,435Net Assets 2021: $546,1222021Assets 2022: $749,777Liabilities 2022: $156,879Net Assets 2022: $592,8982022Assets 2023: $833,894Liabilities 2023: $143,849Net Assets 2023: $690,0452023Assets 2024: $932,484Liabilities 2024: $138,368Net Assets 2024: $794,1162024

Highlighted filing

2016

Assets$552,434
Liabilities$8,394
Net Assets$544,040

Operations Trend

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

$800K$600K$400K$200K$0-$200KExpenses 2010: $341,4902010Expenses 2011: $314,1492011Expenses 2012: $281,2482012Revenue 2013: $270,520Expenses 2013: $262,870Net Income 2013: $7,6502013Revenue 2014: $253,061Expenses 2014: $198,509Net Income 2014: $54,5522014Revenue 2015: $201,289Expenses 2015: $164,496Net Income 2015: $36,7932015Revenue 2016: $114,882Expenses 2016: $175,388Net Income 2016: -$60,5062016Revenue 2017: $116,833Expenses 2017: $155,180Net Income 2017: -$38,3472017Revenue 2018: $208,759Expenses 2018: $182,216Net Income 2018: $26,5432018Revenue 2019: $139,010Expenses 2019: $224,911Net Income 2019: -$85,9012019Revenue 2020: $230,833Expenses 2020: $246,197Net Income 2020: -$15,3642020Revenue 2021: $204,723Expenses 2021: $118,614Net Income 2021: $86,1092021Revenue 2022: $287,808Expenses 2022: $223,602Net Income 2022: $64,2062022Revenue 2023: $681,909Expenses 2023: $590,269Net Income 2023: $91,6402023Revenue 2024: $682,341Expenses 2024: $660,214Net Income 2024: $22,1272024

Highlighted filing

2016

Revenue$114,882
Expenses$175,388
Net Income-$60,506
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Jul 24, 2017
Return Version
2016v3.0
Gross Receipts
$114,882
Mission and Program Overview

Mission

The j. Robert gladden orthopaedic society (the society) is a national nonprofit corporation organized and operated exclusively for scientific, educational, and charitable activities to be carried on for the purpose of encouraging, promoting, and advancing the science and medical art and practice of orthopaedic surgery among under-represented minorities; to encourage the education of the general minority population in the practice and availability of orthopaedic care by developing, publishing, and copyrighting educational materials; and to encourage and to support orthopaedic related studies among minority populations.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$427,815$340,650▼ $87,165
Accounts Receivable$99,573$96,823▼ $2,750
Prepaid Expenses and Deferred Charges$480$1,864▲ $1,384
Total Assets$633,294$552,434▼ $80,860
Other Assets Total$105,426$113,097▲ $7,671
Liabilities
Deferred Revenue$20,000--
Accounts Payable and Accrued Expenses$16,419$8,394▼ $8,025
Total Liabilities$36,419$8,394▼ $28,025
Net Assets / Fund Balance
Temporarily Rstr Net Assets$396,939$336,138▼ $60,801
Unrestricted Net Assets$105,360$113,146▲ $7,786
Permanently Rstr Net Assets$94,576$94,756▲ $180
Total Net Assets Fund Balance$596,875$544,040▼ $52,835
Total Liabilities and Net Assets / Fund Balance$633,294$552,434▼ $80,860

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$113,097--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2016$105,486$180▲ $7,671-$113,337
2015$112,993$60▼ $7,567-$105,486
2014$107,754$1,120▲ $4,119-$112,993
2013$103,687$75▲ $8,887$-4,895$107,754
2012$93,290$4,150▲ $10,685$-4,438$103,687
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$5,080
Program Service Revenue
$109,780
Investment Income
$22
Other Revenue
$0
All Other Contributions
$5,080
Change in Net Assets
$-60,506

Audited Revenue Reconciliation

Revenue per Audited Statements
$114,882
Revenue Not Reported on Form 990
$7,671
Total Revenue per Audited Statements
$122,553
Total Revenue per Form 990
$114,882
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$105,634
Grants and Similar Amounts Paid$69,754
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$57,754--$57,754
Fees for Services Management-$45,322-$45,322
Conferences and Meetings$40,390--$40,390
Grants to Domestic Individuals$12,000--$12,000
Fees for Services Accounting-$5,950-$5,950
Insurance-$2,099-$2,099
All Other Expenses-$1,744-$1,744
Other Expenses$2,518$1,462-$1,462
Office Expenses-$1,209-$1,209
Total Functional Expenses$112,662$62,726$0$175,388

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$175,388
Total Expenses per Audited Statements$175,388
Total Expenses per Form 990$175,388
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
University of RochesterRochester, NY3Research$20,000
Charles R Drew Univ of Med & SciencLos Angeles, CA3Research$10,000
Nyu School of MedicineNew York, NY-Research$10,000
Tri-county Orthopaedic Center PaLady Lake, FL3Research$10,000
Regents of the Univ of CaliforniaLa Jolla, CA-Research$7,754
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
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, Page 6, Part VI, Line 3

Management duties are performed by employees of the american academy of orthopaedic surgeons.

Form 990, Page 6, Part VI, Line 6

The society consists of seven (7) classes of membership: active, resident/fellow, affiliate, medical student, emeritus, inactive and honorary. All active, affiliate and emeritus members in good standing may cast votes on matters before the society. Only active and emeritus members are eligible to hold office in the society.

Form 990, Page 6, Part VI, Line 7A

The board of directors are elected by majority vote of the membership.

Form 990, Page 6, Part VI, Line 11B

An independent certified public accounting firm (cpa) prepares the society's form 990 and submits the form to the society's management for review. Within the management, the form is reviewed by a certified public accountant with extensive non profit accounting experience. The management company submits the form to the society's treasurer for review. An electronic copy of the form is also provided to all voting members of the board for review. Questions and comments on the form by the treasurer and board members are directed back to the cpa and internal accountant for resolution. After all discussion points are resolved, the forms are finalized and provided to the treasurer for final review and signature.

Form 990, Page 6, Part VI, Line 12C

Interested parties must disclose their position prior to engaging in any transaction that gives rise to conflict. The conflict is then evaluated by the executive committee.

Form 990, Page 6, Part VI, Line 19

Governing documents are available upon request and excerpts are available on the website.

Filing and Contact Details

Filer

Filer Name
J Robert Gladden Orthopaedic
EIN
36-4245550
Phone
8473844233
Address
9400 W HIGGINS ROAD SUITE 500, ROSEMONT, IL 60018

Signing Officer

Name
Lawrence Wells Md
Title
Treasurer
Phone
8473844233
Signed
2017-07-24
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Claudia L Thomas Md
Formed
1998
Legal Domicile
Il
Voting Board Members
15
Independent Board Members
15
Employees
0
Volunteers
40

Preparer

Firm
Kutchins Robbins & Diamond Ltd
Address
1101 PERIMETER DR STE 760, SCHAUMBURG, IL 60173
Preparer
Chad Porter
Phone
8472401040
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The j. Robert gladden orthopaedic society (the society) is a national nonprofit corporation organized and operated exclusively for scientific, educational, and charitable activities to be carried on for the purpose of encouraging, promoting, and advancing the science and medical art and practice of orthopaedic surgery among under-represented minorities; to encourage the education of the general minority population in the practice and availability of orthopaedic care by developing, publishing, and copyrighting educational materials; and to encourage and to support orthopaedic related studies among minority populations.

Financial Statement Notes

Schedule D, Page 2, Part V, Line 4

The society's endowment funds are to be held in perpetuity and investment income is to be utilized for the society's mission.

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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.32$1.38$7.94$6.82$6.60$0.22
2023Detailed filing. Detailed filing data is available for this year.$8.34$1.44$6.90$6.82$5.90$0.92
2022Detailed filing. Detailed filing data is available for this year.$7.50$1.57$5.93$2.88$2.24$0.64
2021Detailed filing. Detailed filing data is available for this year.$6.89$1.42$5.46$2.05$1.19$0.86
2020Detailed filing. Detailed filing data is available for this year.$5.17$0.63$4.54$2.31$2.46$0.15
2019Detailed filing. Detailed filing data is available for this year.$4.74$0.17$4.57$1.39$2.25$0.86
2018Detailed filing. Detailed filing data is available for this year.$5.54$0.22$5.32$2.09$1.82$0.27
2017Detailed filing. Detailed filing data is available for this year.$5.31$0.17$5.14$1.17$1.55$0.38
2016Detailed filing. Detailed filing data is available for this year.$5.52$0.08$5.44$1.15$1.75$0.61
2015Detailed filing. Detailed filing data is available for this year.$6.33$0.36$5.97$2.01$1.64$0.37
2014Detailed filing. Detailed filing data is available for this year.$5.75$0.07$5.68$2.53$1.99$0.55
2013Detailed filing. Detailed filing data is available for this year.$5.38$0.29$5.09$2.71$2.63$0.08
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.61$0.69$4.92$2.81
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.52$0.49$5.03$3.14
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.79$0.96$5.82$3.41
Peer Organizations

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