Civic Intelligence

Excelen Center for Bone & Joint Research and Education

990 • Fiscal year 2015 • EIN 41-1734062

Jan 01, 2015 to Dec 31, 2015 • Filed on May 27, 2016

Organization ProfileWWW.EXCELEN.ORG

View Organization Page

700 10th Avenue SouthMinneapolis, MN 55415

(612) 347-0912

Siviq Scores

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

Liabilities / Assets

73rd percentile

0.49x

Higher debt load relative to assets than 73% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Liabilities / Revenue

83rd percentile

1.24x

Higher debt load relative to revenue than 83% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Net Margin

41st percentile

0.5%

Higher net margin than 41% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Top Officer Pay

82nd percentile

$233,761

Higher top officer pay than 82% of similar nonprofits.

Top officer pay equals 11.9% of source-year revenue.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Asset Growth

44th percentile

-0.3%

Faster asset growth than 44% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2014 to 2015

Revenue Growth

86th percentile

35%

Faster revenue growth than 86% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets73rd percentile

Assets

Down

$5,001,977

Down $16,077 (-0.3%) from 2014

Net Assets

Up

$2,569,540

Up $13,916 (+0.5%) from 2014

Liabilities

Down

$2,432,437

Down $29,993 (-1.2%) from 2014

Revenue And Expenses
Liabilities / Revenue83rd percentileNet Margin41st percentile

Revenue

Up

$1,961,504

Up $511,721 (+35%) from 2014

Expenses

Up

$1,951,820

Up $491,489 (+34%) from 2014

Net Income

Up

$9,684

Up $20,232 (+192%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth44th percentile

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

$6.0M$4.0M$2.0M$0Assets 2011: $5,207,951Liabilities 2011: $2,275,199Net Assets 2011: $2,932,7522011Assets 2012: $5,034,981Liabilities 2012: $2,160,809Net Assets 2012: $2,874,1722012Assets 2013: $4,980,236Liabilities 2013: $2,414,064Net Assets 2013: $2,566,1722013Assets 2014: $5,018,054Liabilities 2014: $2,462,430Net Assets 2014: $2,555,6242014Assets 2015: $5,001,977Liabilities 2015: $2,432,437Net Assets 2015: $2,569,5402015Assets 2016: $4,722,239Liabilities 2016: $2,345,174Net Assets 2016: $2,377,0652016Assets 2017: $4,526,264Liabilities 2017: $2,448,688Net Assets 2017: $2,077,5762017Assets 2018: $4,425,447Liabilities 2018: $2,527,243Net Assets 2018: $1,898,2042018Assets 2019: $4,161,378Liabilities 2019: $2,339,011Net Assets 2019: $1,822,3672019Assets 2020: $4,025,037Liabilities 2020: $2,159,368Net Assets 2020: $1,865,6692020Assets 2021: $3,941,035Liabilities 2021: $1,955,721Net Assets 2021: $1,985,3142021Assets 2022: $3,356,122Liabilities 2022: $1,816,955Net Assets 2022: $1,539,1672022Assets 2023: $0Liabilities 2023: $0Net Assets 2023: $02023

Highlighted filing

2015

Assets$5,001,977
Liabilities$2,432,437
Net Assets$2,569,540
Open 2015 Filing

Operations Trend

Revenue Growth86th percentile

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

$2.0M$1.0M$0-$1.0M-$2.0MRevenue 2011: $1,415,954Expenses 2011: $1,513,982Net Income 2011: -$98,0282011Expenses 2012: $1,292,6142012Revenue 2013: $1,201,730Expenses 2013: $1,509,730Net Income 2013: -$308,0002013Revenue 2014: $1,449,783Expenses 2014: $1,460,331Net Income 2014: -$10,5482014Revenue 2015: $1,961,504Expenses 2015: $1,951,820Net Income 2015: $9,6842015Revenue 2016: $1,522,750Expenses 2016: $1,715,225Net Income 2016: -$192,4752016Revenue 2017: $1,378,999Expenses 2017: $1,678,488Net Income 2017: -$299,4892017Revenue 2018: $1,562,352Expenses 2018: $1,741,724Net Income 2018: -$179,3722018Revenue 2019: $1,652,740Expenses 2019: $1,728,577Net Income 2019: -$75,8372019Revenue 2020: $1,269,010Expenses 2020: $1,225,708Net Income 2020: $43,3022020Revenue 2021: $964,738Expenses 2021: $845,093Net Income 2021: $119,6452021Revenue 2022: $401,953Expenses 2022: $848,100Net Income 2022: -$446,1472022Revenue 2023: -$617,701Expenses 2023: $921,466Net Income 2023: -$1,539,1672023

Highlighted filing

2015

Revenue$1,961,504
Expenses$1,951,820
Net Income$9,684
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
May 27, 2016
Return Version
2015v2.1
Gross Receipts
$1,961,504
Mission and Program Overview

Mission

Applied and basic research on orthopedic issues such as joint replacement, infection, and implantable devices. Research leads to publication of scientific papers and presentations at conferences and training sessions.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$4,627,419$4,473,229▼ $154,190
Cash and Non-Interest-Bearing Accounts$188,943$321,369▲ $132,426
Accounts Receivable$134,973$140,670▲ $5,697
Intangible Assets$55,598$55,588▼ $10
Prepaid Expenses and Deferred Charges$11,121$11,121→ $0
Total Assets$5,018,054$5,001,977▼ $16,077
Liabilities
Mortgage Notes Payable Secured by Investment Property$2,142,080$2,071,396▼ $70,684
Accounts Payable and Accrued Expenses$320,350$361,041▲ $40,691
Total Liabilities$2,462,430$2,432,437▼ $29,993
Net Assets / Fund Balance
Unrestricted Net Assets$2,555,624$2,569,540▲ $13,916
Total Net Assets Fund Balance$2,555,624$2,569,540▲ $13,916
Total Liabilities and Net Assets / Fund Balance$5,018,054$5,001,977▼ $16,077

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,989,568$693,304$3,682,872
Equipment$115,762$1,184,568$1,300,330
Land$1,070,000-$1,070,000
Leasehold Improvements$297,899$137,535$435,434
Compensation and Service Providers
Top Officer Pay82nd percentile

Employees

NameTitleFull / Part TimeBaseTotal
Timothy S MowbrayCEO/presidenFT$233,761$233,761
Timothy S MowbrayCEO/president-$233,761$233,761

Board Members and Trustees

NameTitle
Peter Delange MbaBoard Chair
Rich Jansen Pharm DVice Chair
David DurenbergerDirector
Robert ShermanDirector
Jennifer MarroneSecretary
Patricia H KlossTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$674,756
Program Service Revenue
$1,286,748
Investment Income
$0
Other Revenue
$0
All Other Contributions
$674,756
Change in Net Assets
$9,684

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,961,504
Total Revenue per Audited Statements
$1,961,504
Total Revenue per Form 990
$1,961,504
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,146,129
Salaries, Compensation, and Employee Benefits$805,691
Total Fundraising Expense$43,481
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$556,683$62,875$35,344$654,902
Depreciation Depletion$181,908$59,225-$241,133
Payroll Taxes$128,175$14,477$8,137$150,789
All Other Expenses$105,920$40,691-$146,611
Interest-$75,683-$75,683
Other Expenses$69,847$51,069-$69,847
Travel$26,006$6,502-$32,508
Insurance$16,243$5,414-$21,657
Total Functional Expenses$1,592,403$315,936$43,481$1,951,820

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$1,951,820
Expenses per Audited Statements$1,947,588
Total Expenses per Audited Statements$1,947,588
Expenses Not Reported on Financial Statements$4,232
Other Expense Adjustments$4,232
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

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Patrice H KlossDirectorLegal ExpensesNo$13,019
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 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
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

“A copy of this return is given to the executive committee for review. After the return has been reviewed and approved it is filed.”

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

“The policy is reviewed by the executive committee”

Form 990, Page 6, Part VI, Line 15A

“OUTSIDE CONSULTING FIRM”

Form 990, Page 6, Part VI, Line 19

“Public disclosure takes place through declarations made in other grants, nih, dod,etc.”

Filing and Contact Details

Filer

Filer Name
Excelen
EIN
41-1734062
Phone
6123470912
Address
700 10TH AVENUE SOUTH, MINNEAPOLIS, MN 55415

Signing Officer

Name
Timothy S Mowbray
Title
CEO/president
Phone
6123366600
Signed
2016-05-27
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Timothy S Mowbray
Voting Board Members
6
Independent Board Members
6
Employees
14
Volunteers
10

Preparer

Firm
Hinrichs & Associates Ltd
Address
1000 SHELARD PARKWAY SUITE 110, MINNEAPOLIS, MN 55426
Preparer
Anthony J Hinrichs
Phone
9525428010
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

“Orthopedic research and educational training of orthopedic resident physicians”

Form 990, Part XI, Line 9

“Book / tax depreciation difference 4,232 total 4,232”

Financial Statement Notes

Schedule D, Page 4, Part XII, Line 4B

“Book / tax depreciation difference 4,232”

Raw XML Appendix386 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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IRS990ScheduleD/BuildingsGrp/DepreciationAmt0693304
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt03682872
IRS990ScheduleD/EquipmentGrp/BookValueAmt0115762
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01184568
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01300330
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt04232
IRS990ScheduleD/ExpensesSubtotalAmt01947588
IRS990ScheduleD/LandGrp/BookValueAmt01070000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01070000
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0297899
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0137535
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0435434
IRS990ScheduleD/OtherExpensesNotIncludedAmt04232
IRS990ScheduleD/RevenueSubtotalAmt01961504
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0BOOK / TAX DEPRECIATION DIFFERENCE 4,232
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 4, PART XII, LINE 4B
IRS990ScheduleD/TotalBookValueLandBuildingsAmt04473229
IRS990ScheduleD/TotalExpensesPerForm990Amt01951820
IRS990ScheduleD/TotalRevenuePerForm990Amt01961504
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01961504
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01947588
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IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
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IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0PATRICE H KLOSS
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0DIRECTOR
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt013019
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0LEGAL EXPENSES
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ORTHOPEDIC RESEARCH AND EDUCATIONAL TRAINING OF ORTHOPEDIC RESIDENT PHYSICIANS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A COPY OF THIS RETURN IS GIVEN TO THE EXECUTIVE COMMITTEE FOR REVIEW. AFTER THE RETURN HAS BEEN REVIEWED AND APPROVED IT IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE POLICY IS REVIEWED BY THE EXECUTIVE COMMITTEE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3OUTSIDE CONSULTING FIRM
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4PUBLIC DISCLOSURE TAKES PLACE THROUGH DECLARATIONS MADE IN OTHER GRANTS, NIH, DOD,ETC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5BOOK / TAX DEPRECIATION DIFFERENCE 4,232 TOTAL 4,232
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XI, LINE 9
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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0MN
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalAssetsEOYAmt05001977
IRS990/TotalAssetsGrp/BOYAmt05018054
IRS990/TotalAssetsGrp/EOYAmt05001977
IRS990/TotalCompGreaterThan150KInd0true
IRS990/TotalContributionsAmt0674756
IRS990/TotalEmployeeCnt014
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt043481
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0315936
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01592403
IRS990/TotalFunctionalExpensesGrp/TotalAmt01951820
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt02462430
IRS990/TotalLiabilitiesEOYAmt02432437
IRS990/TotalLiabilitiesGrp/BOYAmt02462430
IRS990/TotalLiabilitiesGrp/EOYAmt02432437
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02555624
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02569540
IRS990/TotalProgramServiceExpensesAmt01588171
IRS990/TotalProgramServiceRevenueAmt01286748
IRS990/TotalReportableCompFromOrgAmt0233761
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01286748
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01961504
IRS990/TotalVolunteersCnt010
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt05018054
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt05001977
IRS990/TravelGrp/ManagementAndGeneralAmt06502
IRS990/TravelGrp/ProgramServicesAmt026006
IRS990/TravelGrp/TotalAmt032508
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IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt02555624
IRS990/UnrestrictedNetAssetsGrp/EOYAmt02569540
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0700 10TH AVE SOUTH
IRS990/USAddress/CityNm0MINNEAPOLIS
IRS990/USAddress/StateAbbreviationCd0MN
IRS990/USAddress/ZIPCd055415
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0WWW.EXCELEN.ORG
IRS990/WhistleblowerPolicyInd0true
IRS990/WrittenPolicyOrProcedureInd0true
ReturnHeader/BuildTS02016-09-27 15:27:22Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0TIMOTHY S MOWBRAY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO/PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum06123366600
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-05-27
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0EXCELEN
ReturnHeader/Filer/BusinessNameControlTxt0EXCE
ReturnHeader/Filer/EIN0411734062
ReturnHeader/Filer/PhoneNum06123470912
ReturnHeader/Filer/USAddress/AddressLine1Txt0700 10TH AVENUE SOUTH
ReturnHeader/Filer/USAddress/CityNm0MINNEAPOLIS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MN
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0411629155
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0HINRICHS & ASSOCIATES LTD
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MINNEAPOLIS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd055426
ReturnHeader/PreparerPersonGrp/PhoneNum09525428010
ReturnHeader/PreparerPersonGrp/PreparationDt02016-06-06
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ANTHONY J HINRICHS
ReturnHeader/ReturnTs02016-06-06T10:56:58-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-01-01
ReturnHeader/TaxPeriodEndDt02015-12-31
ReturnHeader/TaxYr02015

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$5,001,977
Liabilities
$2,432,437
Net assets
$2,569,540
Revenue
$1,961,504
Expenses
$1,951,820
Net income
$9,684
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.62$0.92$1.54
2022Detailed filing. Detailed filing data is available for this year.$3.36$1.82$1.54$0.40$0.85$0.45
2021Detailed filing. Detailed filing data is available for this year.$3.94$1.96$1.99$0.96$0.85$0.12
2020Detailed filing. Detailed filing data is available for this year.$4.03$2.16$1.87$1.27$1.23$0.04
2019Detailed filing. Detailed filing data is available for this year.$4.16$2.34$1.82$1.65$1.73$0.08
2018Detailed filing. Detailed filing data is available for this year.$4.43$2.53$1.90$1.56$1.74$0.18
2017Detailed filing. Detailed filing data is available for this year.$4.53$2.45$2.08$1.38$1.68$0.30
2016Detailed filing. Detailed filing data is available for this year.$4.72$2.35$2.38$1.52$1.72$0.19
2015Detailed filing. Detailed filing data is available for this year.$5.00$2.43$2.57$1.96$1.95$0.01
2014Detailed filing. Detailed filing data is available for this year.$5.02$2.46$2.56$1.45$1.46$0.01
2013Detailed filing. Detailed filing data is available for this year.$4.98$2.41$2.57$1.20$1.51$0.31
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.03$2.16$2.87$1.29
2011Summary only. Only limited summary data is available for this year.$5.21$2.28$2.93$1.42$1.51$0.10