Civic Intelligence

Interventional Orthopedics Foundation

990 • Fiscal year 2019 • EIN 47-2926130

Jan 01, 2019 to Dec 31, 2019 • Filed on Apr 02, 2020

403 Summit Boulevard Suite 104Broomfield, CO 80021

(303) 469-4431

Siviq Scores

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

Liabilities / Assets

15th percentile

0.00x

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

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

15th percentile

0.00x

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

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

26th percentile

-5.4%

Higher net margin than 26% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

83rd percentile

$147,000

Higher top officer pay than 83% of similar nonprofits.

Top officer pay equals 18.4% of source-year revenue.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

26th percentile

-3.0%

Faster asset growth than 26% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

9th percentile

-33%

Faster revenue growth than 9% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Assets

Down

$1,402,254

Down $43,214 (-3.0%) from 2018

Net Assets

Down

$1,402,254

Down $43,214 (-3.0%) from 2018

Liabilities

Flat

$0

Flat from 2018

Revenue

Down

$800,479

Down $396,182 (-33%) from 2018

Expenses

Down

$843,693

Down $107,257 (-11%) from 2018

Net Income

Down

-$43,214

Down $288,925 (-118%) from 2018

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

2019

Assets$1,402,254
Liabilities$0
Net Assets$1,402,254

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

2019

Revenue$800,479
Expenses$843,693
Net Income-$43,214
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Apr 2, 2020
Return Version
2019v5.0
Gross Receipts
$800,479
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.

The interventional orthopedics 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$1,221,525$1,037,166▼ $184,359
Cash and Non-Interest-Bearing Accounts$53,127$193,753▲ $140,626
Intangible Assets$93,265$93,265→ $0
Land, Buildings, and Equipment, Net$77,551$77,551→ $0
Accounts Receivable-$519-
Total Assets$1,445,468$1,402,254▼ $43,214
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,445,468$1,402,254▼ $43,214
Total Net Assets Fund Balance$1,445,468$1,402,254▼ $43,214
Total Liabilities and Net Assets / Fund Balance$1,445,468$1,402,254▼ $43,214

Asset Categories

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

Employees

NameTitleFull / Part TimeBaseTotal
Jillian AbramsonExecutive DiFT$147,000$147,000

Board Members and Trustees

NameTitle
Gerard Malanga MdPresident
Rahul Desai MdPresident-el
Ariana Demers MdBoard Member
Chris Centeno MdBoard Member
Don Buford MdBoard Member
Richard Striano DcBoard Member
Wayne Mcilwraith DvmSecretary
Greg Lutz MdTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$69,929
Program Service Revenue
$729,877
Investment Income
$673
Other Revenue
$0
All Other Contributions
$2,810
Change in Net Assets
$-43,214
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$548,668
Salaries, Compensation, and Employee Benefits$241,475
Grants and Similar Amounts Paid$53,550
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Conferences and Meetings$190,810$1,395-$192,205
Current Officers, Directors, Trustees, and Key Employees$128,625$18,375-$147,000
Other Salaries and Wages$64,582$9,226-$73,808
Fees for Services Other$65,331$114-$65,445
Grants to Domestic Individuals$53,550--$53,550
Office Expenses$15,928$25,502-$41,430
Travel$32,045--$32,045
Advertising$25,583--$25,583
Payroll Taxes$14,818$2,117-$16,935
Information Technology$11,287$4,846-$16,133
Occupancy$800$14,140-$14,940
Insurance-$4,950-$4,950
Other Expenses$4,371$9,250-$4,371
Pension Plan Contributions$3,265$467-$3,732
All Other Expenses$1,642$1,002-$2,644
Fees for Services Accounting-$1,050-$1,050
Total Functional Expenses$751,259$92,434$0$843,693
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.interventionalorthopedics.org.

Filing and Contact Details

Filer

Filer Name
Interventional Orthopedics
EIN
47-2926130
Phone
3034694431
Address
403 SUMMIT BOULEVARD SUITE 104, BROOMFIELD, CO 80021

Signing Officer

Name
Jillian Abramson
Title
Executive Director
Phone
7209749800
Signed
2020-04-02
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 500 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/ProgSrvcAccomActy2Grp/Desc0THE ANNUAL INTERVENTIONAL ORTHOPEDIC EDUCATION CONFERENCE FOCUSED ON STEM CELL RESEARCH, WHICH IS EXPECTED TO PLAY A KEY ROLE IN THE FUTURE OF ORTHOPEDIC MEDICINE. THE CONFERENCE SEEKS TO ADVANCE THE FIELD OF INTERVENTIONAL ORTHOPEDIC REGENERATIVE MEDICINE AND HEALTHCARE INNOVATION, THROUGH THE SHARING OF SCIENTIFIC DISCOVERIES, RESEARCH, BEST PRACTICES AND BUSINESS MODELS. ALONG WITH REGULAR PHYSICIAN ATTENDEES AND TO SUPPORT PHYSICIANS-IN-TRAINING, THE FOUNDATION PROVIDES UP TO 750 OF FINANCIAL SUPPORT (STIPEND ALLOWANCE) FOR 53 FOUR YEAR RESIDENTS AND FELLOW PHYSICIANS TO ATTEND THIS CONFERENCE.
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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 500 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.INTERVENTIONALORTHOPEDICS.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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ReturnHeader/BuildTS02020-09-22 18:59:49Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JILLIAN ABRAMSON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum07209749800
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-04-02
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0INTERVENTIONAL ORTHOPEDICS
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ReturnHeader/FilingSecurityInformation/IPDt02020-04-02
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ReturnHeader/FilingSecurityInformation/IPTm012:29:56
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0203746583
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0TAYLOR ROTH AND COMPANY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0800 GRANT ST STE 205
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0DENVER
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CO
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