Civic Intelligence

Interventional Orthopedics Foundation

990 • Fiscal year 2023 • EIN 47-2926130

Jan 01, 2023 to Dec 31, 2023 • Filed on Sep 19, 2024

4950 S Yosemite St F2-313Greenwood Village, CO 80111

(303) 469-4431

Siviq Scores

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

Liabilities / Assets

49th percentile

0.02x

Higher debt load relative to assets than 49% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Liabilities / Revenue

49th percentile

0.02x

Higher debt load relative to revenue than 49% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Net Margin

25th percentile

-9.1%

Higher net margin than 25% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Top Officer Pay

54th percentile

$0

Higher top officer pay than 54% of similar nonprofits.

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

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Asset Growth

22nd percentile

-7.2%

Faster asset growth than 22% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Revenue Growth

59th percentile

15%

Faster revenue growth than 59% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Assets

Down

$745,187

Down $57,471 (-7.2%) from 2022

Net Assets

Down

$733,943

Down $64,212 (-8.0%) from 2022

Liabilities

Up

$11,244

Up $6,741 (+150%) from 2022

Revenue

Up

$668,874

Up $86,564 (+15%) from 2022

Expenses

Up

$729,560

Up $44,643 (+6.5%) from 2022

Net Income

Up

-$60,686

Up $41,921 (+41%) from 2022

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2015: $741,768Liabilities 2015: $2,485Net Assets 2015: $739,2832015Assets 2016: $974,712Liabilities 2016: $4,991Net Assets 2016: $969,7212016Assets 2017: $1,204,301Liabilities 2017: $4,544Net Assets 2017: $1,199,7572017Assets 2018: $1,445,468Liabilities 2018: $0Net Assets 2018: $1,445,4682018Assets 2019: $1,402,254Liabilities 2019: $0Net Assets 2019: $1,402,2542019Assets 2020: $1,080,919Liabilities 2020: $36,900Net Assets 2020: $1,044,0192020Assets 2021: $902,096Liabilities 2021: $77,104Net Assets 2021: $824,9922021Assets 2022: $802,658Liabilities 2022: $4,503Net Assets 2022: $798,1552022Assets 2023: $745,187Liabilities 2023: $11,244Net Assets 2023: $733,9432023Assets 2024: $757,752Liabilities 2024: $29,152Net Assets 2024: $728,6002024

Highlighted filing

2023

Assets$745,187
Liabilities$11,244
Net Assets$733,943

Operations Trend

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

$1.5M$1.0M$500K$0-$500KRevenue 2015: $1,201,174Expenses 2015: $461,891Net Income 2015: $739,2832015Revenue 2016: $1,125,953Expenses 2016: $895,515Net Income 2016: $230,4382016Revenue 2017: $1,271,104Expenses 2017: $1,041,068Net Income 2017: $230,0362017Revenue 2018: $1,196,661Expenses 2018: $950,950Net Income 2018: $245,7112018Revenue 2019: $800,479Expenses 2019: $843,693Net Income 2019: -$43,2142019Revenue 2020: $285,662Expenses 2020: $643,897Net Income 2020: -$358,2352020Revenue 2021: $364,758Expenses 2021: $583,785Net Income 2021: -$219,0272021Revenue 2022: $582,310Expenses 2022: $684,917Net Income 2022: -$102,6072022Revenue 2023: $668,874Expenses 2023: $729,560Net Income 2023: -$60,6862023Revenue 2024: $881,020Expenses 2024: $886,363Net Income 2024: -$5,3432024

Highlighted filing

2023

Revenue$668,874
Expenses$729,560
Net Income-$60,686
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Sep 19, 2024
Return Version
2023v5.0
Gross Receipts
$668,874
Mission and Program Overview

Mission

The interventional orthobiologics foundations primary function is to educate and serve as a resource to physicians and the public seeking to understand the growing field of interventional orthopedics.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$616,345$553,025▼ $63,320
Intangible Assets$93,265$93,265→ $0
Land, Buildings, and Equipment, Net$82,062$77,551▼ $4,511
Cash and Non-Interest-Bearing Accounts$10,986$21,346▲ $10,360
Total Assets$802,658$745,187▼ $57,471
Liabilities
Accounts Payable and Accrued Expenses$4,503$11,244▲ $6,741
Total Liabilities$4,503$11,244▲ $6,741
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$798,155$733,943▼ $64,212
Total Net Assets Fund Balance$798,155$733,943▼ $64,212
Total Liabilities and Net Assets / Fund Balance$802,658$745,187▼ $57,471

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$70,686$4,842$75,528
Equipment$6,865$19,904$26,769
Compensation and Service Providers

Board Members and Trustees

NameTitle
Ariana Demers Do RmskPresident
Wayne Mcilwraith Dvm Phd FrcvsPresident-el
Chris Williams MdBoard Member
Don Buford MdBoard Member
Imran Siddiqui Md RmskBoard Member
Jason Markle DoBoard Member
Mary Ambach MdBoard Member
Walter Sussman DoBoard Member
Jillian AbramsonExecutive Di
Revenue and Support

Revenue Composition

Contributions and Grants
$101,415
Program Service Revenue
$566,503
Investment Income
$956
Other Revenue
$0
All Other Contributions
$23,015
Change in Net Assets
$-60,686
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$472,550
Salaries, Compensation, and Employee Benefits$257,010
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Conferences and Meetings$241,326$203-$241,529
Current Officers, Directors, Trustees, and Key Employees$139,450$19,922-$159,372
Other Salaries and Wages$72,800$10,400-$83,200
Advertising$41,700$1,041-$42,741
Office Expenses$5,115$17,686-$22,801
Payroll Taxes$12,337$1,762-$14,099
Fees for Services Other$11,033$548-$11,581
Occupancy$7,007$1,045-$8,052
Travel$4,744$2,850-$7,594
Information Technology$6,126$1,463-$7,589
Other Expenses$11,000$5,186-$5,186
Fees for Services Accounting-$1,294-$1,294
All Other Expenses-$1,094-$1,094
Fees for Services Legal$500--$500
Insurance$336$48-$384
Pension Plan Contributions$297$42-$339
Total Functional Expenses$664,926$64,634$0$729,560
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
Backup withholding compliance
Yes
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
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

The executive director and the accountant review the 990 prior to filing with the irs.

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

The board will authorize and oversee an annual review of the administration of the conflict of interest policy. The review shall consider the level of compliance with the policy, the continuing suitability of the policy, and whether the policy should be modified and improved.

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

The compensation of the executive director will be determined by the board, or by an officer or committee to which such authority has been delegated by the board, except as provided in the corporation's conflict of interest policy. The compensation of all other staff and officers will be as determined by the executive director, after consultation with the board to the extent reasonably feasible. The person(s) determining compensation will 1. Obtain data on the compensation of officers holding similar positions of authority within comparable organizations. 2. Set the compensation based on such data and an evaluation of the officer's performance and experience as related to the requirements of the position. 3. Document the basis for the determination, including the comparison data used, the requirements of the position and the evaluation of the officer's performance and experience. No payment of compensation will be made in any manner to result in the imposition of any liability under section 4958 of the internal revenue code.

Form 990, Page 6, Part VI, Line 19

Governing documents, the conflict of interest policy, and the 990 are made available to the public through the foundation's website at www.interventionalorthobiologics.org.

Filing and Contact Details

Filer

Filer Name
Interventional Orthobiologics
EIN
47-2926130
Phone
3034694431
Address
4950 S YOSEMITE ST F2-313, GREENWOOD VILLAGE, CO 80111

Signing Officer

Name
Jillian Abramson
Title
Executive Director
Phone
7209749800
Signed
2024-09-19
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jillian Abramson
Formed
2015
Legal Domicile
Co
Voting Board Members
8
Independent Board Members
8
Employees
2

Preparer

Firm
Taylor Roth and Company
Address
800 GRANT ST STE 205, DENVER, CO 80203-2944
Preparer
Ken Roth
Phone
3038308109
Supplemental Narrative

Additional Explanations

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

Physician education has become our central focus at iof. With the inception of iof's physician education program in 2016, iof became uniquely positioned to set the standard for teaching the fundamental knowledge and skillsets necessary for physicians to practice in this advanced medical specialty. Iof has instructed and certified over 1,000 physicians through our structured, compentency-based and certifed education program. Clearly, this program is successfully channeling physicians into this field, providing them with the appropriate treatment techniques and impacting their treatment of patients. Grant support is used to further develop our curriculum, promote our education program throughout the united states, and enlist experienced instructors who are actively engaged in educating physicians.

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IRS990/ProgramServiceRevenueGrp/Desc0CONFERENCE REGISTRATIONS
IRS990/ProgramServiceRevenueGrp/Desc1CADAVER REGISTRATION
IRS990/ProgramServiceRevenueGrp/Desc2CONFERENCE EXHIBITORS
IRS990/ProgramServiceRevenueGrp/Desc3OTHER EARNED REVENUE
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IRS990/ProgSrvcAccomActy2Grp/Desc0THE IOF MAX EXPERIENCE IS THE INTERVENTIONAL ORTHOBIOLOGIC FOUNDATION'S ANNUAL CONFERENCE WHICH FOCUSES ON ORTHOBIOLOGICS RESEARCH AND CLINICAL RESULTS. THIS ALLOWS PHYSICIANS TO UNDERSTAND HOW ORTHOBIOLOGICS CAN PLAY AN IMPORTANT ROLE IN THE TREATMENT OF ORTHOPEDIC CONDITIONS. THE CONFERENCE SEEKS TO ADVANCE THE FIELD OF ORTHOBIOLOGICS BY HAVING REGULAR PHYSICIAN ATTENDEES, AND PHYSICIANS-IN-TRAINING WHO HAVE A 400 STIPEND ALLOWANCE PLUS CONFERENCE REGISTRATION FEES WAIVED FOR UP TO 40 PARTICIPANTS. IN 2023, THE EDUCATIONAL CONFERENCE HAD ABOUT A 20% GROWTH OVER 2022.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0PHYSICIAN EDUCATION HAS BECOME OUR CENTRAL FOCUS AT IOF. WITH THE INCEPTION OF IOF'S PHYSICIAN EDUCATION PROGRAM IN 2016, IOF BECAME UNIQUELY POSITIONED TO SET THE STANDARD FOR TEACHING THE FUNDAMENTAL KNOWLEDGE AND SKILLSETS NECESSARY FOR PHYSICIANS TO PRACTICE IN THIS ADVANCED MEDICAL SPECIALTY. IOF HAS INSTRUCTED AND CERTIFIED OVER 1,000 PHYSICIANS THROUGH OUR STRUCTURED, COMPENTENCY-BASED AND CERTIFED EDUCATION PROGRAM. CLEARLY, THIS PROGRAM IS SUCCESSFULLY CHANNELING PHYSICIANS INTO THIS FIELD, PROVIDING THEM WITH THE APPROPRIATE TREATMENT TECHNIQUES AND IMPACTING THEIR TREATMENT OF PATIENTS. GRANT SUPPORT IS USED TO FURTHER DEVELOP OUR CURRICULUM, PROMOTE OUR EDUCATION PROGRAM THROUGHOUT THE UNITED STATES, AND ENLIST EXPERIENCED INSTRUCTORS WHO ARE ACTIVELY ENGAGED IN EDUCATING PHYSICIANS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE EXECUTIVE DIRECTOR AND THE ACCOUNTANT REVIEW THE 990 PRIOR TO FILING WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD WILL AUTHORIZE AND OVERSEE AN ANNUAL REVIEW OF THE ADMINISTRATION OF THE CONFLICT OF INTEREST POLICY. THE REVIEW SHALL CONSIDER THE LEVEL OF COMPLIANCE WITH THE POLICY, THE CONTINUING SUITABILITY OF THE POLICY, AND WHETHER THE POLICY SHOULD BE MODIFIED AND IMPROVED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE COMPENSATION OF THE EXECUTIVE DIRECTOR WILL BE DETERMINED BY THE BOARD, OR BY AN OFFICER OR COMMITTEE TO WHICH SUCH AUTHORITY HAS BEEN DELEGATED BY THE BOARD, EXCEPT AS PROVIDED IN THE CORPORATION'S CONFLICT OF INTEREST POLICY. THE COMPENSATION OF ALL OTHER STAFF AND OFFICERS WILL BE AS DETERMINED BY THE EXECUTIVE DIRECTOR, AFTER CONSULTATION WITH THE BOARD TO THE EXTENT REASONABLY FEASIBLE. THE PERSON(S) DETERMINING COMPENSATION WILL 1. OBTAIN DATA ON THE COMPENSATION OF OFFICERS HOLDING SIMILAR POSITIONS OF AUTHORITY WITHIN COMPARABLE ORGANIZATIONS. 2. SET THE COMPENSATION BASED ON SUCH DATA AND AN EVALUATION OF THE OFFICER'S PERFORMANCE AND EXPERIENCE AS RELATED TO THE REQUIREMENTS OF THE POSITION. 3. DOCUMENT THE BASIS FOR THE DETERMINATION, INCLUDING THE COMPARISON DATA USED, THE REQUIREMENTS OF THE POSITION AND THE EVALUATION OF THE OFFICER'S PERFORMANCE AND EXPERIENCE. NO PAYMENT OF COMPENSATION WILL BE MADE IN ANY MANNER TO RESULT IN THE IMPOSITION OF ANY LIABILITY UNDER SECTION 4958 OF THE INTERNAL REVENUE CODE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4GOVERNING DOCUMENTS, THE CONFLICT OF INTEREST POLICY, AND THE 990 ARE MADE AVAILABLE TO THE PUBLIC THROUGH THE FOUNDATION'S WEBSITE AT WWW.INTERVENTIONALORTHOBIOLOGICS.ORG.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 2, PART III, LINE 4A
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/USAddress/AddressLine1Txt04950 S YOSEMITE ST F2-313
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ReturnHeader/BuildTS02024-08-08 14:25:15Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JILLIAN ABRAMSON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum07209749800
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-09-19
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0INTERVENTIONAL ORTHOBIOLOGICS
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0FOUNDATION
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0203746583
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0TAYLOR ROTH AND COMPANY
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0DENVER
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ReturnHeader/PreparerPersonGrp/PreparationDt02024-09-19

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