Civic Intelligence

Excelen Center for Bone & Joint Research and Education

990 • Fiscal year 2018 • EIN 41-1734062

Jan 01, 2018 to Dec 31, 2018 • Filed on Jun 04, 2019

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

83rd percentile

0.57x

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

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

89th percentile

1.62x

Higher debt load relative to revenue than 89% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

19th percentile

-11%

Higher net margin than 19% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

76th percentile

$120,306

Higher top officer pay than 76% of similar nonprofits.

Top officer pay equals 7.7% of source-year revenue.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

36th percentile

-2.2%

Faster asset growth than 36% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

68th percentile

13%

Faster revenue growth than 68% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets83rd percentile

Assets

Down

$4,425,447

Down $100,817 (-2.2%) from 2017

Net Assets

Down

$1,898,204

Down $179,372 (-8.6%) from 2017

Liabilities

Up

$2,527,243

Up $78,555 (+3.2%) from 2017

Revenue And Expenses
Liabilities / Revenue89th percentileNet Margin19th percentile

Revenue

Up

$1,562,352

Up $183,353 (+13%) from 2017

Expenses

Up

$1,741,724

Up $63,236 (+3.8%) from 2017

Net Income

Up

-$179,372

Up $120,117 (+40%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth36th 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

2018

Assets$4,425,447
Liabilities$2,527,243
Net Assets$1,898,204
Open 2018 Filing

Operations Trend

Revenue Growth68th 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

2018

Revenue$1,562,352
Expenses$1,741,724
Net Income-$179,372
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Jun 4, 2019
Return Version
2018v3.1
Gross Receipts
$1,562,352
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$4,210,992$4,015,259▼ $195,733
Cash and Non-Interest-Bearing Accounts$192,271$191,407▼ $864
Accounts Receivable$83,364$111,498▲ $28,134
Prepaid Expenses and Deferred Charges$36,002$107,283▲ $71,281
Intangible Assets$3,635--
Total Assets$4,526,264$4,425,447▼ $100,817
Liabilities
Mortgage Notes Payable Secured by Investment Property$2,221,287$2,135,538▼ $85,749
Accounts Payable and Accrued Expenses$277,058$438,959▲ $161,901
Other Liabilities$-49,657$-47,254▲ $2,403
Total Liabilities$2,448,688$2,527,243▲ $78,555
Net Assets / Fund Balance
Unrestricted Net Assets$2,077,576$1,898,204▼ $179,372
Total Net Assets Fund Balance$2,077,576$1,898,204▼ $179,372
Total Liabilities and Net Assets / Fund Balance$4,526,264$4,425,447▼ $100,817

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,668,171$1,140,840$3,809,011
Equipment$44,307$1,277,235$1,321,542
Land$1,070,000-$1,070,000
Leasehold Improvements$232,781$202,653$435,434
Compensation and Service Providers
Top Officer Pay76th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Linda WojcikExecutive DiFT$120,306$120,306
Timothy S MowbrayPresidentFT$117,000$117,000

Board Members and Trustees

NameTitle
Peter Delange MbaBoard Chair
Rich Jansen Pharm DVice Chair
Brian BeaubienDirector
David DurenbergerDirector
Paul HickeyDirector
Patricia H KlossTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$50,750
Program Service Revenue
$1,511,602
Investment Income
$0
Other Revenue
$0
All Other Contributions
$50,750
Change in Net Assets
$-179,372

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,562,352
Total Revenue per Audited Statements
$1,562,352
Total Revenue per Form 990
$1,562,352
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,202,355
Salaries, Compensation, and Employee Benefits$539,369
Total Fundraising Expense$18,603
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$361,640$79,952$17,550$459,142
Depreciation Depletion$152,807$50,936-$203,743
All Other Expenses$12,272$90,898-$103,170
Interest-$101,054-$101,054
Payroll Taxes$63,885$15,289$1,053$80,227
Other Expenses$59,924$6,658-$66,582
Travel$22,825$5,706-$28,531
Insurance$14,673$4,891-$19,564
Total Functional Expenses$1,367,737$355,384$18,603$1,741,724

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,741,724
Total Expenses per Audited Statements$1,741,724
Total Expenses per Form 990$1,741,724
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$1,952
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Debt Issuance Costs, Net$-47,254
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
President
Phone
6123366600
Signed
2019-06-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Timothy S Mowbray
Voting Board Members
6
Independent Board Members
6
Employees
8
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 Appendix378 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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IRS990ScheduleA/HospitalNameAndAddressGrp/SupportedOrganizationName/BusinessNameLine2Txt0HENNEPIN COUNTY MEDICAL CENTER
IRS990ScheduleA/MedicalResearchOrganizationInd0X
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt02668171
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01140840
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt03809011
IRS990ScheduleD/EquipmentGrp/BookValueAmt044307
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01277235
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01321542
IRS990ScheduleD/ExpensesSubtotalAmt01741724
IRS990ScheduleD/LandGrp/BookValueAmt01070000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01070000
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0232781
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0202653
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0435434
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0-47254
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DEBT ISSUANCE COSTS, NET
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IRS990ScheduleD/TotalBookValueLandBuildingsAmt04015259
IRS990ScheduleD/TotalExpensesPerForm990Amt01741724
IRS990ScheduleD/TotalLiabilityAmt0-47254
IRS990ScheduleD/TotalRevenuePerForm990Amt01562352
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IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01741724
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IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0DIRECTOR
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt01952
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
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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0MN
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt04526264
IRS990/TotalAssetsEOYAmt04425447
IRS990/TotalAssetsGrp/BOYAmt04526264
IRS990/TotalAssetsGrp/EOYAmt04425447
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt050750
IRS990/TotalEmployeeCnt08
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt018603
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0355384
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01367737
IRS990/TotalFunctionalExpensesGrp/TotalAmt01741724
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt02448688
IRS990/TotalLiabilitiesEOYAmt02527243
IRS990/TotalLiabilitiesGrp/BOYAmt02448688
IRS990/TotalLiabilitiesGrp/EOYAmt02527243
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02077576
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01898204
IRS990/TotalProgramServiceExpensesAmt01367737
IRS990/TotalProgramServiceRevenueAmt01511602
IRS990/TotalReportableCompFromOrgAmt0237306
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01511602
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01562352
IRS990/TotalVolunteersCnt010
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt04526264
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt04425447
IRS990/TravelGrp/ManagementAndGeneralAmt05706
IRS990/TravelGrp/ProgramServicesAmt022825
IRS990/TravelGrp/TotalAmt028531
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt02077576
IRS990/UnrestrictedNetAssetsGrp/EOYAmt01898204
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/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0TIMOTHY S MOWBRAY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum06123366600
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-06-04
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/AtSubmissionCreationDeviceId0250421F0F7944D2F1B5D744DAA01AB73C0BFE177
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId07F8DA1CA24E96FDB236727D7A786CEDCD9823B05
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0167.68.16.49
ReturnHeader/FilingSecurityInformation/IPDt02019-07-01
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm016:43:31
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/PreparationDt02019-07-01
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ANTHONY J HINRICHS
ReturnHeader/ReturnTs02019-07-01T16:43:31-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-01-01
ReturnHeader/TaxPeriodEndDt02018-12-31
ReturnHeader/TaxYr02018

Document Assets

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$4,425,447
Liabilities
$2,527,243
Net assets
$1,898,204
Revenue
$1,562,352
Expenses
$1,741,724
Net income
-$179,372
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