Orthopaedic Research and Education Foundation
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$4,255,766
Contributions
76%
Other
15%
Investments
8%
Government Grants
0%
Fundraising Events
0%
Program Services
0%
Membership Dues
0%
Expenses in 2024
$5,238,185
Salaries & Benefits
44%
Grants
25%
Other
15%
Offices, Occupancy & IT
7%
Fees to Service Providers
4%
Advertising & Promotion
4%
Depreciation
<1%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$3,219,832
$3,251,613
+1%
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$0
$0
-
Membership Dues
$0
$0
-
Investments
$324,472
$354,395
+9%
Other
$97,649
$649,758
+565%
Total Revenues
$3,641,953
$4,255,766
+17%
Expenses
2023
2024
Change
Grants
$2,130,495
$1,321,355
-38%
Benefits to Members
$0
$0
-
Salaries & Benefits
$2,146,586
$2,285,758
+6%
Fees to Service Providers
$148,794
$224,993
+51%
Advertising & Promotion
$192,338
$209,517
+9%
Offices, Occupancy & IT
$414,978
$384,902
-7%
Interest
$0
$0
-
Depreciation
$11,432
$9,983
-13%
Other
$529,535
$801,677
+51%
Total Expenses
$5,574,158
$5,238,185
-6%
Net income
2023
2024
Change
Net income
-$1,932,205
-$982,419
+49%
Functional Expenses
Summary
2023
2024
Change
Program
$4,167,691
$3,846,993
-8%
Admin
$514,207
$523,979
+2%
Fundraising
$892,260
$867,213
-3%
Total Expenses
$5,574,158
$5,238,185
-6%
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