Civic Intelligence

Excelen Center for Bone & Joint Research and Education

990 • Fiscal year 2017 • EIN 41-1734062

Jan 01, 2017 to Dec 31, 2017 • Filed on Jun 13, 2018

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

81st percentile

0.54x

Higher debt load relative to assets than 81% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

90th percentile

1.78x

Higher debt load relative to revenue than 90% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

13th percentile

-22%

Higher net margin than 13% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

81st percentile

$137,002

Higher top officer pay than 81% of similar nonprofits.

Top officer pay equals 9.9% of source-year revenue.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

22nd percentile

-4.2%

Faster asset growth than 22% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

21st percentile

-9.4%

Faster revenue growth than 21% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets81st percentile

Assets

Down

$4,526,264

Down $195,975 (-4.2%) from 2016

Net Assets

Down

$2,077,576

Down $299,489 (-13%) from 2016

Liabilities

Up

$2,448,688

Up $103,514 (+4.4%) from 2016

Revenue And Expenses
Liabilities / Revenue90th percentileNet Margin13th percentile

Revenue

Down

$1,378,999

Down $143,751 (-9.4%) from 2016

Expenses

Down

$1,678,488

Down $36,737 (-2.1%) from 2016

Net Income

Down

-$299,489

Down $107,014 (-56%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth22nd 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

2017

Assets$4,526,264
Liabilities$2,448,688
Net Assets$2,077,576
Open 2017 Filing

Operations Trend

Revenue Growth21st 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

2017

Revenue$1,378,999
Expenses$1,678,488
Net Income-$299,489
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Jun 13, 2018
Return Version
2017v2.3
Gross Receipts
$1,378,999
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$4,386,666$4,210,992▼ $175,674
Cash and Non-Interest-Bearing Accounts$143,743$192,271▲ $48,528
Accounts Receivable$123,840$83,364▼ $40,476
Prepaid Expenses and Deferred Charges$18,002$36,002▲ $18,000
Intangible Assets$7,868$3,635▼ $4,233
Total Assets$4,680,119$4,526,264▼ $153,855
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,998,213$2,221,287▲ $223,074
Accounts Payable and Accrued Expenses$346,961$277,058▼ $69,903
Other Liabilities$-42,120$-49,657▼ $7,537
Total Liabilities$2,303,054$2,448,688▲ $145,634
Net Assets / Fund Balance
Unrestricted Net Assets$2,377,065$2,077,576▼ $299,489
Total Net Assets Fund Balance$2,377,065$2,077,576▼ $299,489
Total Liabilities and Net Assets / Fund Balance$4,680,119$4,526,264▼ $153,855

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,819,836$989,175$3,809,011
Equipment$66,671$1,250,496$1,317,167
Land$1,070,000-$1,070,000
Leasehold Improvements$254,485$180,949$435,434
Compensation and Service Providers
Top Officer Pay81st percentile

Employees

NameTitleFull / Part TimeBaseTotal
Timothy S MowbrayCEO/presidenFT$137,002$137,002

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
$86,400
Program Service Revenue
$1,292,599
Investment Income
$0
Other Revenue
$0
All Other Contributions
$86,400
Change in Net Assets
$-299,489

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,378,999
Total Revenue per Audited Statements
$1,378,999
Total Revenue per Form 990
$1,378,999
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,143,650
Salaries, Compensation, and Employee Benefits$534,838
Total Fundraising Expense$21,382
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$367,311$63,680$20,369$451,360
Depreciation Depletion$155,504$51,835-$207,339
All Other Expenses$46,595$45,296-$91,891
Interest-$88,188-$88,188
Other Expenses$121,306$88,165-$88,165
Payroll Taxes$70,921$11,544$1,013$83,478
Travel$30,224$7,556-$37,780
Insurance$16,834$5,611-$22,445
Total Functional Expenses$1,295,231$361,875$21,382$1,678,488

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,678,488
Total Expenses per Audited Statements$1,678,488
Total Expenses per Form 990$1,678,488
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$6,608
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Debt Issuance Costs, Net$-49,657
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
2018-06-13
Discuss with paid preparer
Yes

Organization Details

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

Raw XML Appendix369 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/EquipmentGrp/DepreciationAmt01250496
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01317167
IRS990ScheduleD/ExpensesSubtotalAmt01678488
IRS990ScheduleD/LandGrp/BookValueAmt01070000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01070000
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0254485
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0180949
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0435434
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0-49657
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DEBT ISSUANCE COSTS, NET
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IRS990ScheduleD/TotalBookValueLandBuildingsAmt04210992
IRS990ScheduleD/TotalExpensesPerForm990Amt01678488
IRS990ScheduleD/TotalLiabilityAmt0-49657
IRS990ScheduleD/TotalRevenuePerForm990Amt01378999
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01378999
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01678488
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IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0PATRICE H KLOSS
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0DIRECTOR
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt06608
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/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
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0MN
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt04680119
IRS990/TotalAssetsEOYAmt04526264
IRS990/TotalAssetsGrp/BOYAmt04680119
IRS990/TotalAssetsGrp/EOYAmt04526264
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt086400
IRS990/TotalEmployeeCnt010
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt021382
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0361875
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01295231
IRS990/TotalFunctionalExpensesGrp/TotalAmt01678488
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt02303054
IRS990/TotalLiabilitiesEOYAmt02448688
IRS990/TotalLiabilitiesGrp/BOYAmt02303054
IRS990/TotalLiabilitiesGrp/EOYAmt02448688
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02377065
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02077576
IRS990/TotalProgramServiceExpensesAmt01295231
IRS990/TotalProgramServiceRevenueAmt01292599
IRS990/TotalReportableCompFromOrgAmt0137002
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01292599
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01378999
IRS990/TotalVolunteersCnt010
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt04680119
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt04526264
IRS990/TravelGrp/ManagementAndGeneralAmt07556
IRS990/TravelGrp/ProgramServicesAmt030224
IRS990/TravelGrp/TotalAmt037780
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt02377065
IRS990/UnrestrictedNetAssetsGrp/EOYAmt02077576
IRS990/UponRequestInd0X
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IRS990/USAddress/CityNm0MINNEAPOLIS
IRS990/USAddress/StateAbbreviationCd0MN
IRS990/USAddress/ZIPCd055415
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0WWW.EXCELEN.ORG
IRS990/WhistleblowerPolicyInd0true
IRS990/WrittenPolicyOrProcedureInd0true
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0TIMOTHY S MOWBRAY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO/PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum06123366600
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-06-13
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
ReturnHeader/Filer/USAddress/ZIPCd055415
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId074E2F59BAD8C7455383966CBD4B3F2E29783587C
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0369B8059A9915DF27F7270DC0ED199D7F149CA52
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0167.68.16.49
ReturnHeader/FilingSecurityInformation/IPDt02018-07-09
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm010:48:58
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0411629155
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0HINRICHS & ASSOCIATES LTD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01000 SHELARD PARKWAY SUITE 110
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MINNEAPOLIS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd055426
ReturnHeader/PreparerPersonGrp/PhoneNum09525428010
ReturnHeader/PreparerPersonGrp/PreparationDt02018-07-09
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ANTHONY J HINRICHS
ReturnHeader/ReturnTs02018-07-09T10:48:58-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-01-01
ReturnHeader/TaxPeriodEndDt02017-12-31
ReturnHeader/TaxYr02017

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$4,526,264
Liabilities
$2,448,688
Net assets
$2,077,576
Revenue
$1,378,999
Expenses
$1,678,488
Net income
-$299,489
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