Civic Intelligence

Global Arthroscopy Foundation

EIN 36-4431754 • 501(c)3 • Northbrook, IL

Profile

The global arthroscopy foundation is a non-profit corporation dedicated to teaching orthopedic surgeons from other nations about cutting-edge arthroscopic surgical strategies for operating on and remedying problems with joints.

2325 Wood DrNorthbrook, IL 60062

www.globalarthro.org

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2020

Liabilities / Revenue

62nd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

1st percentile

-39189%

Higher net margin than 1% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

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

501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

10th percentile

-100%

Faster asset growth than 10% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

10th percentile

-80%

Faster revenue growth than 10% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

Down

$0

Down $292,202 (-100%) from 2019

Liabilities

Flat

$0

Flat from 2019

Net Assets

Down

$0

Down $292,202 (-100%) from 2019

Operations
Liabilities / Revenue62nd percentileNet Margin1st percentile

Revenue

Down

$745

Down $2,953 (-80%) from 2019

Expenses

Up

$292,706

Up $285,383 (+3897%) from 2019

Net Income

Down

-$291,961

Down $288,336 (-7954%) from 2019

Trend Graphs

Balance Sheet Trend

Asset Growth10th percentile

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

$400K$300K$200K$100K$0Assets 2016: $340,764Liabilities 2016: $0Net Assets 2016: $340,7642016Assets 2017: $307,254Liabilities 2017: $0Net Assets 2017: $307,2542017Assets 2018: $295,827Liabilities 2018: $0Net Assets 2018: $295,8272018Assets 2019: $292,202Liabilities 2019: $0Net Assets 2019: $292,2022019Assets 2020: $0Liabilities 2020: $0Net Assets 2020: $02020

Highlighted filing

2020

Assets$0
Liabilities$0
Net Assets$0
Open 2020 Filing

Operations Trend

Revenue Growth10th percentile

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

$400K$200K$0-$200K-$400KRevenue 2016: $37,176Expenses 2016: $32,987Net Income 2016: $4,1892016Revenue 2017: $545Expenses 2017: $34,054Net Income 2017: -$33,5092017Revenue 2018: $2,651Expenses 2018: $14,052Net Income 2018: -$11,4012018Revenue 2019: $3,698Expenses 2019: $7,323Net Income 2019: -$3,6252019Revenue 2020: $745Expenses 2020: $292,706Net Income 2020: -$291,9612020

Highlighted filing

2020

Revenue$745
Expenses$292,706
Net Income-$291,961
Open 2020 Filing

Filings

Most recent year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$0
Liabilities
$0
Net assets
$0
Revenue
$745
Expenses
$292,706
Net income
-$291,961
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2020Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.01$2.93$2.92
2019Detailed filing. Detailed filing data is available for this year.$2.92$0.00$2.92$0.04$0.07$0.04
2018Detailed filing. Detailed filing data is available for this year.$2.96$0.00$2.96$0.03$0.14$0.11
2017Detailed filing. Detailed filing data is available for this year.$3.07$0.00$3.07$0.01$0.34$0.34
2016Detailed filing. Detailed filing data is available for this year.$3.41$0.00$3.41$0.37$0.33$0.04
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Oct 21, 2021
Return Version
2020v4.1
Gross Receipts
$745
Mission and Program Overview

Mission

The global arthroscopy foundation is a non-profit corporation dedicated to teaching orthopedic surgeons from other nations about cutting-edge arthroscopic surgical strategies for operating on and remedying problems with joints.

To teach doctors in developing nations to perform arthroscopic medical procedures

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$259,230$0▼ $259,230
Cash and Non-Interest-Bearing Accounts$23,769$0▼ $23,769
Other Notes and Loans Receivable, Net$9,203$0▼ $9,203
Accounts Receivable-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$292,202$0▼ $292,202
Other Assets Total-$0-
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$292,202$0▼ $292,202
Total Net Assets Fund Balance$292,202$0▼ $292,202
Total Liabilities and Net Assets / Fund Balance$292,202$0▼ $292,202
Compensation and Service Providers
Top Officer Pay81st percentile

Board Members and Trustees

NameTitle
Howard J Sweeney MdPresident
James C Esch MdSecretary
Gregory Palutsis MdTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$745
Other Revenue
$0
Change in Net Assets
$-291,961
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$279,890
Other Expenses$12,816
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$279,890--$279,890
Fees for Services Other-$9,203-$9,203
Fees for Services Accounting-$2,368-$2,368
Insurance-$1,245-$1,245
Total Functional Expenses$279,890$12,816$0$292,706
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
One World Surgery CenterDeerfield, IL-The Gift Is Designated to Train Orthopedic Surgeons From Under-resourced Countries and Expand the Use of Arthroscopic Surgery.$279,890
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
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

“President reviews return with preparer.”

Form 990, Part VI, Section C, Line 19

“The foundation makes available by mail all required documents uopn written request.”

Filing and Contact Details

Filer

Filer Name
Global Arthroscopy Foundation
EIN
36-4431754
Phone
8472727491
Address
2325 WOOD DR, NORTHBROOK, IL 60062

Signing Officer

Name
Greg Palutsis
Title
Treasurer
Phone
8477447345
Signed
2021-10-21
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Greg Palutsis
Formed
2001
Legal Domicile
Il
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
0

Preparer

Firm
Wipfli Llp
Address
100 TRI-STATE INTERNATIONAL STE 300, LINCOLNSHIRE, IL 60069
Preparer
Brett a Nepper
Phone
8479410100
Raw XML Appendix318 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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IRS990/GrantsToIndividualsInd00
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IRS990/GrossReceiptsAmt0745
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IRS990/IndoorTanningServicesInd00
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IRS990/MissionDesc0THE GLOBAL ARTHROSCOPY FOUNDATION IS A NON-PROFIT CORPORATION DEDICATED TO TEACHING ORTHOPEDIC SURGEONS FROM OTHER NATIONS ABOUT CUTTING-EDGE ARTHROSCOPIC SURGICAL STRATEGIES FOR OPERATING ON AND REMEDYING PROBLEMS WITH JOINTS.
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0100 TRI-STATE INTERNATIONAL STE 300
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0LINCOLNSHIRE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd060069
ReturnHeader/PreparerPersonGrp/PhoneNum08479410100
ReturnHeader/PreparerPersonGrp/PreparationDt02021-10-21
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0BRETT A NEPPER
ReturnHeader/ReturnTs02021-11-15T11:37:19-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0GREG
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0PALUTSIS
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ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

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