FOUNDATION FOR ORTHOPAEDIC RESEARCH AND EDUCATION INC

EIN: 593555349 501(c)(3) Medical Research

TAMPA, FL

Total Revenue
$4,002,474
Total Expenses
$4,336,904
Total Assets
$1,430,086
Net Assets
$-191,466
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Financial Trends

Organization Details

Formation Year
1999
Legal Domicile
FL
Principal Officer
DEREK PUPELLO
Phone
8139036960
Tax Period
2023-01-01 to 2023-12-31

FOUNDATION FOR ORTHOPAEDIC RESEARCH AND EDUCATION INC, founded in 1999, is a community nonprofit in the Medical Research sector that reported $4.0M in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion.

Mission

THE FOUNDATION FOR ORTHOPAEDIC RESEARCH AND EDUCATION, INC. ("FORE") HAS AS ITS PRIMARY MISSION THE ADVANCEMENT OF ORTHOPAEDIC KNOWLEDGE THROUGH RESEARCH AND EDUCATION, WITH THE GOAL OF IMPROVING THE DIAGNOSIS, TREATMENT, AND CARE OF ALL PERSONS WITH MUSCULOSKELETAL DISORDERS.

Program Service Accomplishments

Program 1
Expenses: $1,923,647 Revenue: $907,444

CLINICAL RESEARCH: THE CLINICAL RESEARCH DEPARTMENT CONDUCTS ORTHOPAEDIC CLINICAL RESEARCH IN THE SUBSPECIALTIES OF UPPER & LOWER EXTREMITIES, SPORTS MEDICINE, JOINT RECONSTRUCTION, TRAUMA AND SPINE...

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CLINICAL RESEARCH: THE CLINICAL RESEARCH DEPARTMENT CONDUCTS ORTHOPAEDIC CLINICAL RESEARCH IN THE SUBSPECIALTIES OF UPPER & LOWER EXTREMITIES, SPORTS MEDICINE, JOINT RECONSTRUCTION, TRAUMA AND SPINE. FORE IS DEDICATED TO PERFORMING EVIDENCE-BASED AND ETHICALLY SOUND CLINICAL RESEARCH THAT WILL ADVANCE ORTHOPAEDIC MEDICINE. RESEARCHERS AT FORE COMPLETED 41 RESEARCH PROJECTS DURING 2023. FORE RESEARCHERS PUBLISHED THE RESULTS OF 20 RESEARCH PROJECTS IN PEER-REVIEWED JOURNALS DURING 2023.

Program 2
Expenses: $1,763,205 Revenue: $1,661,113

CONTINUING MEDICAL EDUCATION (CME): THE ACCME-ACCREDITED CME DEPARTMENT OF FORE PROVIDES OVERSIGHT AND PROGRAM COORDINATION OF NATIONAL CME PROGRAMS. THESE PROGRAMS ARE DESIGNED TO FURTHER THE...

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CONTINUING MEDICAL EDUCATION (CME): THE ACCME-ACCREDITED CME DEPARTMENT OF FORE PROVIDES OVERSIGHT AND PROGRAM COORDINATION OF NATIONAL CME PROGRAMS. THESE PROGRAMS ARE DESIGNED TO FURTHER THE KNOWLEDGE AND SKILLS OF HEALTHCARE PROVIDERS BY CREATING INTERACTIVE EDUCATIONAL EXPERIENCES LED BY THOUGHT LEADERS IN ORTHOPAEDIC MEDICINE. FORE SPONSORED 20 CONFERENCES WITH TOTAL ENROLLMENT OF 1,945 AND 454.75 TOTAL CME CREDIT-HOURS WERE AWARDED DURING 2023.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,237,895
Program Service Revenue $2,568,557
Investment Income $38
Other Revenue $195,984
TOTAL REVENUE $4,002,474

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,746,833
Fundraising Expenses $315,349
Program Expenses $3,686,852
Other Expenses $2,590,071
TOTAL EXPENSES $4,336,904

Year-over-Year Comparison

2023 2022 Change
Revenue $4,002,474 $3,480,202 +0.2%
Expenses $4,336,904 $3,780,338 +0.1%
Net Income $-334,430 $-300,136 +0.1%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Governance

Voting Members
5
Independent Members
5
Employees
17
Volunteers
N/A

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$307,724
Total Directors
5
$307,724
Key Employees
0
$0
Highest Compensated
3
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DEREK PUPELLO PRESIDENT & 65.00
Officer Director
$307,724 $0 $307,724
PETER SIMON EMPLOYEE 40.00
Highest
$167,926 $0 $167,926
SERGIO GUTIERREZ RESEARCH DIR 40.00
Highest
$118,984 $0 $118,984
SUSAN JOHNSON EMPLOYEE 40.00
Highest
$103,421 $0 $103,421
MARK FRANKLE BOARD MEMBER 5.00
Director
$0 $0 $0
RICHARD MUNASSI MD MBA TREASURER 5.00
Officer Director
$0 $0 $0
MARK MIGHELL MD CHAIRMAN 5.00
Officer Director
$0 $0 $0
THOMAS BERNASEK MD SECRETARY 5.00
Officer Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $4,002,474 $4,336,904 $1,430,086 $-334,430
2022 $3,480,202 $3,780,338 $1,204,352 $-300,136
2021 $3,465,860 $3,372,321 $1,560,496 $93,539
2020 $4,144,377 $4,049,240 $1,362,858 $95,137
2019 $5,291,910 $5,903,476 $2,047,401 $-611,566
2018 $5,901,854 $6,400,400 $3,011,995 $-498,546
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