Civic Intelligence

National STEM Cell Foundation Inc.

990 • Fiscal year 2014 • EIN 83-0392250

Jan 01, 2014 to Dec 31, 2014 • Filed on Nov 13, 2015

Organization ProfileWWW.NATIONALSTEMCELLFOUNDATION.ORG
462 S 4th Street No 1230Louisville, KY 40202

(502) 379-8544

Siviq Scores

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

Liabilities / Assets

35th percentile

0.08x

Higher debt load relative to assets than 35% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Liabilities / Revenue

66th percentile

0.39x

Higher debt load relative to revenue than 66% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Net Margin

73rd percentile

13%

Higher net margin than 73% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Top Officer Pay

20th percentile

$15,000

Higher top officer pay than 20% of similar nonprofits.

Top officer pay equals 1.5% of source-year revenue.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Asset Growth

49th percentile

2.6%

Faster asset growth than 49% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2013 to 2014

Revenue Growth

2nd percentile

-76%

Faster revenue growth than 2% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2013 to 2014

Balance Sheet
Liabilities / Assets35th percentile

Assets

Up

$5,172,529

Up $132,398 (+2.6%) from 2013

Net Assets

Up

$4,771,047

Up $136,664 (+2.9%) from 2013

Liabilities

Down

$401,482

Down $4,266 (-1.1%) from 2013

Revenue And Expenses
Liabilities / Revenue66th percentileNet Margin73rd percentile

Revenue

Down

$1,017,982

Down $3,236,775 (-76%) from 2013

Expenses

Up

$881,318

Up $338,854 (+62%) from 2013

Net Income

Down

$136,664

Down $3,575,629 (-96%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth49th percentile

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

$10M$5.0M$0Assets 2010: $3,198,911Liabilities 2010: $2,974,380Net Assets 2010: $224,5312010Assets 2011: $2,407,776Liabilities 2011: $1,224,484Net Assets 2011: $1,183,2922011Assets 2012: $1,685,178Liabilities 2012: $763,088Net Assets 2012: $922,0902012Assets 2013: $5,040,131Liabilities 2013: $405,748Net Assets 2013: $4,634,3832013Assets 2014: $5,172,529Liabilities 2014: $401,482Net Assets 2014: $4,771,0472014Assets 2015: $4,643,001Liabilities 2015: $1,331,551Net Assets 2015: $3,311,4502015Assets 2016: $4,203,563Liabilities 2016: $1,583,833Net Assets 2016: $2,619,7302016Assets 2017: $9,455,091Liabilities 2017: $1,069,086Net Assets 2017: $8,386,0052017Assets 2018: $8,811,543Liabilities 2018: $769,847Net Assets 2018: $8,041,6962018Assets 2019: $8,347,114Liabilities 2019: $368,968Net Assets 2019: $7,978,1462019Assets 2020: $8,258,969Liabilities 2020: $335,910Net Assets 2020: $7,923,0592020Assets 2021: $8,111,646Liabilities 2021: $167,222Net Assets 2021: $7,944,4242021Assets 2022: $7,677,199Liabilities 2022: $429,384Net Assets 2022: $7,247,8152022Assets 2023: $7,712,406Liabilities 2023: $701,979Net Assets 2023: $7,010,4272023Assets 2024: $7,486,803Liabilities 2024: $408,291Net Assets 2024: $7,078,5122024

Highlighted filing

2014

Assets$5,172,529
Liabilities$401,482
Net Assets$4,771,047
Open 2014 Filing

Operations Trend

Revenue Growth2nd percentile

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

$8.0M$6.0M$4.0M$2.0M$0-$2.0MExpenses 2010: $2,029,9622010Revenue 2011: $1,865,458Expenses 2011: $856,697Net Income 2011: $1,008,7612011Revenue 2012: $563,491Expenses 2012: $824,693Net Income 2012: -$261,2022012Revenue 2013: $4,254,757Expenses 2013: $542,464Net Income 2013: $3,712,2932013Revenue 2014: $1,017,982Expenses 2014: $881,318Net Income 2014: $136,6642014Revenue 2015: $1,089,643Expenses 2015: $2,538,159Net Income 2015: -$1,448,5162015Revenue 2016: $740,076Expenses 2016: $1,544,246Net Income 2016: -$804,1702016Revenue 2017: $6,536,269Expenses 2017: $932,940Net Income 2017: $5,603,3292017Revenue 2018: $893,936Expenses 2018: $1,074,901Net Income 2018: -$180,9652018Revenue 2019: $2,387,680Expenses 2019: $2,718,607Net Income 2019: -$330,9272019Revenue 2020: $972,933Expenses 2020: $1,120,439Net Income 2020: -$147,5062020Revenue 2021: $1,286,461Expenses 2021: $1,371,416Net Income 2021: -$84,9552021Revenue 2022: $1,865,601Expenses 2022: $2,380,812Net Income 2022: -$515,2112022Revenue 2023: $1,340,918Expenses 2023: $1,654,489Net Income 2023: -$313,5712023Revenue 2024: $2,468,330Expenses 2024: $2,402,380Net Income 2024: $65,9502024

Highlighted filing

2014

Revenue$1,017,982
Expenses$881,318
Net Income$136,664
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Nov 13, 2015
Return Version
2014v5.0
Gross Receipts
$1,017,982
Mission and Program Overview

Mission

Nscf funds adult stem cell research, scholarships for middle-school science teachers, efforts to increase the donor pool for bone marrow transplants and programs that connect children with limited resources to clinical trials for rare diseases.

Fund adult stem cell and regenerative medicine researchthe mission of national stem cell foundation, inc. Is to fund, promote and support research collaboration in the field of adult stem cell and regenerative medicine technologies, improve the lives of people worldwide suffering from conditions that will benefit from advances in the field and make curative therapies accessible to all.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$4,545,222$4,567,316▲ $22,094
Pledges and Grants Receivable$61,418$107,526▲ $46,108
Land, Buildings, and Equipment, Net$5,378$69,557▲ $64,179
Prepaid Expenses and Deferred Charges$7,531$9,002▲ $1,471
Cash and Non-Interest-Bearing Accounts$0$0→ $0
Total Assets$5,040,131$5,172,529▲ $132,398
Other Assets Total$420,582$419,128▼ $1,454
Liabilities
Grants Payable$150,000$275,000▲ $125,000
Mortgage Notes Payable Secured by Investment Property$185,000$0▼ $185,000
Accounts Payable and Accrued Expenses$70,748$126,482▲ $55,734
Total Liabilities$405,748$401,482▼ $4,266
Net Assets / Fund Balance
Unrestricted Net Assets$4,576,162$4,659,521▲ $83,359
Temporarily Rstr Net Assets$58,221$111,526▲ $53,305
Total Net Assets Fund Balance$4,634,383$4,771,047▲ $136,664
Total Liabilities and Net Assets / Fund Balance$5,040,131$5,172,529▲ $132,398

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$64,699$15,425$80,124
Leasehold Improvements$4,858$618$5,476
Other Assets Org$419,128--
Compensation and Service Providers
Top Officer Pay20th percentile

Employees

NameTitleBaseTotal
Diane CornwellChief Financial Officer$15,000$15,000

Board Members and Trustees

NameTitle
Paula GrisantiChairman
Bruce S WolffDirector
John M Cranor IiiDirector
Michael GrisantiDirector
C Dennis RiggsSecretary/treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,004,349
Program Service Revenue
$0
Investment Income
$12,061
Other Revenue
$1,572
All Other Contributions
$1,004,349
Change in Net Assets
$136,664

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,017,982
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$111,310
Total Revenue per Audited Statements
$1,129,292
Total Revenue per Form 990
$1,017,982
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$504,441
Salaries, Compensation, and Employee Benefits$205,629
Other Expenses$171,248
Total Fundraising Expense$27,125
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$504,441--$504,441
Other Salaries and Wages$133,683$21,739$17,008$172,430
Fees for Services Accounting-$33,394-$33,394
Insurance$27,691$390$585$28,666
Occupancy$21,892$3,251$2,766$27,909
Office Expenses$14,259$5,534$1,802$21,595
Conferences and Meetings$16,053-$1,912$17,965
Current Officers, Directors, Trustees, and Key Employees-$15,000-$15,000
Payroll Taxes$10,178$1,652$1,295$13,125
Advertising$8,566-$265$8,831
Fees for Services Other$1,192$7,476$156$8,824
Depreciation Depletion$6,878$1,021$869$8,768
Fees for Services Legal$6,846--$6,846
Other Employee Benefits$3,736$886$452$5,074
Travel$2,850--$2,850
Interest$2,433--$2,433
Other Expenses$132$20$15$167
Total Functional Expenses$763,830$90,363$27,125$881,318

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$992,628
Expenses per Audited Statements$881,318
Total Expenses per Form 990$881,318
Expenses Not Reported on Form 990$111,310
Expenses Not Reported on Financial Statements$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
National Ms SocietyLouisville, KY501(c)(3)See Part Iv Supplemental Information$128,000
Orthopeadic Research & Education FoundationRosemont, IL501(c)(3)See Part Iv Supplemental Information$125,000
National Ms SocietyLouisville, KY501(c)(3)See Part Iv Supplemental Information$122,000
Orthopeadic Research & Education FoundationRosemont, IL501(c)(3)See Part Iv Supplemental Information$75,000
Orthopeadic Research & Education FoundationRosemont, IL501(c)(3)See Part Iv Supplemental Information$50,000
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
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
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 2

“Paula grisanti, chairman of the board, and michael grisanti, director, have a family relationship.”

Form 990, Part VI, Section A, Line 3

“The organization has contracted its financial management oversight to an outside chief financial officer and its day to day financial duties to a controller.”

Form 990, Part VI, Section B, Line 11

“Form 990 was prepared by outside accounting firm and reviewed in detail by contract cfo, contract controller and board chair. A copy was then sent to each board member for their review before the form 990 was filed.”

Form 990, Part VI, Section B, Line 12C

“Every proposed transaction is reviewed to determine whether a possible conflict could exist. To date no potential conflicts have been identified.”

Form 990, Part VI, Section B, Line 15

“Policy has been adopted; during 2014 the board determined that it was appropriate to pay the chair/ceo a salary beginning 7/1/2014. An outside consulting firm was hired to determine an appropriate salary range for the position. Salary was accrued as of 12/31/2014 but was not paid until may 2015. Contracted cfo and contracted controller are paid on an hourly basis.”

Form 990, Part VI, Section C, Line 19

“The organization makes its governing documents, conflict of interest policy and financial statements available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
National Stem Cell Foundation Inc
EIN
83-0392250
Phone
5023798544
Address
462 S 4TH STREET NO 1230, LOUISVILLE, KY 40202

Signing Officer

Name
Dr Paula Grisanti
Title
Chairman
Phone
5023798544
Signed
2015-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dr Paula Grisanti
Formed
2003
Legal Domicile
Dc
Voting Board Members
5
Independent Board Members
5
Employees
3
Volunteers
5

Preparer

Firm
Mountjoy Chilton Medley Llp
Address
462 S FOURTH ST SUITE 2600, LOUISVILLE, KY 40202-3445
Preparer
Rebecca L Phillips CPA
Phone
5027491900
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

“The process has not changed from the prior year. The organization's board of directors continue to select the independent accountant. The committee continues to meet with the independent auditor at the conclusion of the annual audit.”

Financial Statement Notes

PART X, LINE 2:

“The foundation has received a determination letter from the internal revenue service indicating that it is exempt from income taxes under section 501(c)(3) of internal revenue code and is classified as an organization that is not a private foundation. Accordingly, no provision for income taxes is included in the financial statements. The foundation recognizes uncertain income tax positions using the "more-likely-than-not" approach as defined in the accounting standards codification. No liability for uncertain tax positions has been recorded in the accompanying financial statements. The foundation's 2011 - 2014 tax years remain open and subject to examination.”

Raw XML AppendixShowing 400 of 476 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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IRS990/Desc0THE NATIONAL STEM CELL FOUNDATION (NSCF) SUPPORTS RESEARCH AND CLINICAL TRIALS IN THE FIELD OF ADULT STEM CELL AND REGENERATIVE MEDICINE TECHNOLOGIES IN FOUR PRIMARY FOCUS AREAS: AUTOIMMUNE DISEASE, NEURODEGENERATIVE DISEASE, RARE CHILDHOOD DISORDERS AND REGENERATIVE REPAIR. NSCF LOOKS FOR RESEARCH THAT NEEDS A PHILANTHROPIC BOOST TO MOVE FROM LABORATORY RESEARCH INTO CLINICAL TRIALS FOR PEOPLE IN NEED - WITH A PREFERENCE FOR PLATFORM TECHNOLOGIES WITH APPLICATION ACROSS A NUMBER OF DISORDERS. THE SUCCESSFULL TRANSLATION OF SCIENTIFIC BREAKTHROUGHS MEANS HOPE AND HELP FOR PATIENTS AND THEIR FAMILIES WORLDWIDE, BUT THE WIDESPREAD AVAILABITY OF TREATMENTS TO ELIMINATE THE NEED FOR ONGOING CARE WILL ALSO DRIVE SIGNIFICANT DOLLARS FROM THE CURRENT COST OF HEALTHCARE.
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IRS990/OccupancyGrp/TotalAmt027909
IRS990/OfficeExpensesGrp/FundraisingAmt01802
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt05534
IRS990/OfficeExpensesGrp/ProgramServicesAmt014259
IRS990/OfficeExpensesGrp/TotalAmt021595
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0420582
IRS990/OtherAssetsTotalGrp/EOYAmt0419128
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt0452
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0886
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt03736
IRS990/OtherEmployeeBenefitsGrp/TotalAmt05074
IRS990/OtherExpensesGrp/Desc0DUES AND MEMBERSHIPS
IRS990/OtherExpensesGrp/Desc1MISCELLANEOUS OPERATION
IRS990/OtherExpensesGrp/FundraisingAmt015
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt020
IRS990/OtherExpensesGrp/ProgramServicesAmt03000
IRS990/OtherExpensesGrp/ProgramServicesAmt1132
IRS990/OtherExpensesGrp/TotalAmt03000
IRS990/OtherExpensesGrp/TotalAmt1167
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0OTHER INCOME
IRS990/OtherRevenueMiscGrp/ExclusionAmt01572
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt01572
IRS990/OtherRevenueTotalAmt01572
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt017008
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt021739
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0133683
IRS990/OtherSalariesAndWagesGrp/TotalAmt0172430
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt01295
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt01652
IRS990/PayrollTaxesGrp/ProgramServicesAmt010178
IRS990/PayrollTaxesGrp/TotalAmt013125
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt061418
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0107526
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt07531
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt09002
IRS990/PrincipalOfficerNm0DR PAULA GRISANTI
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0112193
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0264537
IRS990/PYInvestmentIncomeAmt03934734
IRS990/PYOtherExpensesAmt0198341
IRS990/PYOtherRevenueAmt07830
IRS990/PYProgramServiceRevenueAmt0200000
IRS990/PYRevenuesLessExpensesAmt03712293
IRS990/PYSalariesCompEmpBnftPaidAmt079586
IRS990/PYTotalExpensesAmt0542464
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt04254757
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0136664
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt04545222
IRS990/SavingsAndTempCashInvstGrp/EOYAmt04567316
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0DESCRIPTION: ACCRUED ROYALTY FEES DATE: 04/21/11 AMOUNT: 1400000.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SCHEDULE A, PART VI, LIST OF UNUSUAL GRANTS:
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt01004349
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0112193
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0563050
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0464817
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt01540484
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt03684893
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt012061
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0550
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0441
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0641
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0568
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt014261
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0200000
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt01572
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt07830
IRS990ScheduleA/OtherIncome170Grp/TotalAmt09402
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.62090
IRS990ScheduleA/PublicSupportPY170Pct00.72630
IRS990ScheduleA/PublicSupportTotal170Amt02302815
IRS990ScheduleA/SubstantialContributorsTotAmt01382078
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt01004349
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0112193
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0563050
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0464817
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt01540484
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt03684893
IRS990ScheduleA/TotalSupportAmt03708556
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt0111310
IRS990ScheduleD/DonatedServicesUseFcltsAmt0111310
IRS990ScheduleD/EquipmentGrp/BookValueAmt064699
IRS990ScheduleD/EquipmentGrp/DepreciationAmt015425
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt080124
IRS990ScheduleD/ExpensesNotReportedAmt0111310
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0881318
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt04858
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0618
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt05476
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0419128
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0OTHER PROGRAM RELATED ASSETS
IRS990ScheduleD/RevenueNotReportedAmt0111310
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01017982
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION HAS RECEIVED A DETERMINATION LETTER FROM THE INTERNAL REVENUE SERVICE INDICATING THAT IT IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF INTERNAL REVENUE CODE AND IS CLASSIFIED AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION. ACCORDINGLY, NO PROVISION FOR INCOME TAXES IS INCLUDED IN THE FINANCIAL STATEMENTS. THE FOUNDATION RECOGNIZES UNCERTAIN INCOME TAX POSITIONS USING THE "MORE-LIKELY-THAN-NOT" APPROACH AS DEFINED IN THE ACCOUNTING STANDARDS CODIFICATION. NO LIABILITY FOR UNCERTAIN TAX POSITIONS HAS BEEN RECORDED IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE FOUNDATION'S 2011 - 2014 TAX YEARS REMAIN OPEN AND SUBJECT TO EXAMINATION.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt069557
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0419128
IRS990ScheduleD/TotalExpensesPerForm990Amt0881318
IRS990ScheduleD/TotalRevenuePerForm990Amt01017982
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01129292
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0992628
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt0125000
IRS990ScheduleI/RecipientTable/CashGrantAmt175000
IRS990ScheduleI/RecipientTable/CashGrantAmt250000
IRS990ScheduleI/RecipientTable/CashGrantAmt3128000
IRS990ScheduleI/RecipientTable/CashGrantAmt4122000
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc1501(C)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc2501(C)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc3501(C)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc4501(C)(3)
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0SEE PART IV SUPPLEMENTAL INFORMATION
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1SEE PART IV SUPPLEMENTAL INFORMATION
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt2SEE PART IV SUPPLEMENTAL INFORMATION
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt3SEE PART IV SUPPLEMENTAL INFORMATION
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt4SEE PART IV SUPPLEMENTAL INFORMATION
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0ORTHOPEADIC RESEARCH & EDUCATION FOUNDATION
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1ORTHOPEADIC RESEARCH & EDUCATION FOUNDATION
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt2ORTHOPEADIC RESEARCH & EDUCATION FOUNDATION
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt3NATIONAL MS SOCIETY
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt4NATIONAL MS SOCIETY
IRS990ScheduleI/RecipientTable/RecipientEIN0366009467
IRS990ScheduleI/RecipientTable/RecipientEIN1366009467
IRS990ScheduleI/RecipientTable/RecipientEIN2366009467
IRS990ScheduleI/RecipientTable/RecipientEIN3135661935
IRS990ScheduleI/RecipientTable/RecipientEIN4135661935
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt06300 N RIVER ROAD 700
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt16300 N RIVER ROAD 700
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt26300 N RIVER ROAD 700
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt31201 STORY AVENUE 200
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt41201 STORY AVENUE 200
IRS990ScheduleI/RecipientTable/USAddress/CityNm0ROSEMONT
IRS990ScheduleI/RecipientTable/USAddress/CityNm1ROSEMONT
IRS990ScheduleI/RecipientTable/USAddress/CityNm2ROSEMONT
IRS990ScheduleI/RecipientTable/USAddress/CityNm3LOUISVILLE
IRS990ScheduleI/RecipientTable/USAddress/CityNm4LOUISVILLE
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0IL
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1IL
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd2IL
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd3KY
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd4KY
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd060018
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd160018
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd260018
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd340206
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd440206
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION MEETS REGULARLY WITH REPRESENTATIVES FROM THE GRANT RECIPIENT(S) AND RECEIVES UPDATES AND REPORTS REGARDING EXPENDITURE OF THE FUNDS.
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt1NAME OF ORGANIZATION OR GOVERNMENT: ORTHOPEADIC RESEARCH & EDUCATION FOUNDATION (H) MATCHING FUNDS FOR RESEARCH AT UNC CHAPEL HILL TO SUPPORT 3-D TISSUE ENGINEERING FOR OSTEOCHONDRAL GRAFTS NAME OF ORGANIZATION OR GOVERNMENT: ORTHOPEADIC RESEARCH & EDUCATION FOUNDATION (H) MATCHING FUNDS FOR RESEARCH AT USCF FOR NEWLY DISCOVERED MUSCLE STEM CELL TO REPAIR ROTATOR CUFF INJURIES NAME OF ORGANIZATION OR GOVERNMENT: ORTHOPEADIC RESEARCH & EDUCATION FOUNDATION (H) MATCHING FUNDS FOR RESEARCH AT UNIVERSITY OF WISCONSIN USING A COMBINATION STEM CELL AND GENE THERAPY TO PROMOTE AND ENHANCE LIGAMENT REPAIR NAME OF ORGANIZATION OR GOVERNMENT: NATIONAL MS SOCIETY (H) MATCHING FUNDS FOR RESEARCH AT STANFORD UNIVERSITY CONVERTING SKIN CELLS INTO MYELIN-PRODUCING CELLS FOR THE TREATMENT OF CHILDREN WITH HEREDITARY DYSMYELINATION (PMD) NAME OF ORGANIZATION OR GOVERNMENT: NATIONAL MS SOCIETY (H) MATCHING FUNDS FOR RESEARCH AT UNIFORMED SERVICES UNIVERSITY OF THE HEALTH SCIENCES TO ENHANCE MYELIN REGENERATION BY TARGETING NATURALLY OCCURRING CELLS IN THE CENTRAL NERVOUS SYSTEM
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc1PART II, LINE 1, COLUMN (H):
IRS990ScheduleI/Total501c3OrgCnt02
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0PAULA GRISANTI, CHAIRMAN OF THE BOARD, AND MICHAEL GRISANTI, DIRECTOR, HAVE A FAMILY RELATIONSHIP.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION HAS CONTRACTED ITS FINANCIAL MANAGEMENT OVERSIGHT TO AN OUTSIDE CHIEF FINANCIAL OFFICER AND ITS DAY TO DAY FINANCIAL DUTIES TO A CONTROLLER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2FORM 990 WAS PREPARED BY OUTSIDE ACCOUNTING FIRM AND REVIEWED IN DETAIL BY CONTRACT CFO, CONTRACT CONTROLLER AND BOARD CHAIR. A COPY WAS THEN SENT TO EACH BOARD MEMBER FOR THEIR REVIEW BEFORE THE FORM 990 WAS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3EVERY PROPOSED TRANSACTION IS REVIEWED TO DETERMINE WHETHER A POSSIBLE CONFLICT COULD EXIST. TO DATE NO POTENTIAL CONFLICTS HAVE BEEN IDENTIFIED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4POLICY HAS BEEN ADOPTED; DURING 2014 THE BOARD DETERMINED THAT IT WAS APPROPRIATE TO PAY THE CHAIR/CEO A SALARY BEGINNING 7/1/2014. AN OUTSIDE CONSULTING FIRM WAS HIRED TO DETERMINE AN APPROPRIATE SALARY RANGE FOR THE POSITION. SALARY WAS ACCRUED AS OF 12/31/2014 BUT WAS NOT PAID UNTIL MAY 2015. CONTRACTED CFO AND CONTRACTED CONTROLLER ARE PAID ON AN HOURLY BASIS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. THE ORGANIZATION'S BOARD OF DIRECTORS CONTINUE TO SELECT THE INDEPENDENT ACCOUNTANT. THE COMMITTEE CONTINUES TO MEET WITH THE INDEPENDENT AUDITOR AT THE CONCLUSION OF THE ANNUAL AUDIT.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART XII, LINE 2C:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0KY
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00

Document Assets

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Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$5,172,529
Liabilities
$401,482
Net assets
$4,771,047
Revenue
$1,017,982
Expenses
$881,318
Net income
$136,664
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.49$0.41$7.08$2.47$2.40$0.07
2023Detailed filing. Detailed filing data is available for this year.$7.71$0.70$7.01$1.34$1.65$0.31
2022Detailed filing. Detailed filing data is available for this year.$7.68$0.43$7.25$1.87$2.38$0.52
2021Detailed filing. Detailed filing data is available for this year.$8.11$0.17$7.94$1.29$1.37$0.08
2020Detailed filing. Detailed filing data is available for this year.$8.26$0.34$7.92$0.97$1.12$0.15
2019Detailed filing. Detailed filing data is available for this year.$8.35$0.37$7.98$2.39$2.72$0.33
2018Detailed filing. Detailed filing data is available for this year.$8.81$0.77$8.04$0.89$1.07$0.18
2017Detailed filing. Detailed filing data is available for this year.$9.46$1.07$8.39$6.54$0.93$5.60
2016Detailed filing. Detailed filing data is available for this year.$4.20$1.58$2.62$0.74$1.54$0.80
2015Detailed filing. Detailed filing data is available for this year.$4.64$1.33$3.31$1.09$2.54$1.45
2014Detailed filing. Detailed filing data is available for this year.$5.17$0.40$4.77$1.02$0.88$0.14
2013Detailed filing. Detailed filing data is available for this year.$5.04$0.41$4.63$4.25$0.54$3.71
2012Summary only. Only limited summary data is available for this year.$1.69$0.76$0.92$0.56$0.82$0.26
2011Summary only. Only limited summary data is available for this year.$2.41$1.22$1.18$1.87$0.86$1.01
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.20$2.97$0.22$2.03