Overview
What is Musculoskeletal Transplant Foundation Inc?
The Musculoskeletal Transplant Foundation Inc, also known as MTF Biologics, is a global nonprofit organization based in Edison, New Jersey. Their mission is to save and heal lives by honoring donated gifts and serving patients. They collaborate with medical, scientific, and organ and tissue donation communities to provide safe, high-quality grafts for various clinical applications. MTF has a strong focus on innovation, advancing the science of transplantation through research and supporting leading professionals in the field. Since its inception in 1987, MTF has received tissue donations from over 160,000 donors. In 2022, they recovered tissue from over 12,000 donors for use in musculoskeletal, burn, general, plastic surgery, wound care, and research applications. That year, they distributed approximately 465,000 units of allograft tissue. MTF's efforts extend beyond providing tissue; they also research and fund grants for research and development in the academic and entrepreneurial sectors. MTF's priorities include maximizing the gift of donation, providing opportunities for surgeons, and increasing the availability of donated human tissue for transplantation.
Official website here: www.mtfbiologics.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 82% (Three-Star out of Four Stars)
The Musculoskeletal Transplant Foundation Inc has received a solid Three-Star rating from Charity Navigator, indicative of a relatively strong performance in accountability and finance. The charity boasts an impressive score of 82 in this category, which highlights effective governance and transparency measures, including a majority of independent board members and rigorous financial oversight.
Strengths of the organization include a high program expense ratio of 94.06%, signifying that a significant portion of its funds is directed towards its mission-related activities. The foundation also excels in maintaining robust policies regarding conflicts of interest, whistleblowing, and document retention, contributing to its overall credibility and trustworthiness.
However, the foundation does have a noted liability to assets ratio of 69.05%, which may raise concerns regarding its financial stability. While the foundation demonstrates strong governance practices, potential donors might want to consider this aspect when assessing the organization’s long-term viability. Overall, the Musculoskeletal Transplant Foundation Inc shows a strong commitment to its mission with effective management practices.
This AI summary has been generated from information found on Charity Navigator.
Is Musculoskeletal Transplant Foundation Inc legitimate?
Musculoskeletal Transplant Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Musculoskeletal Transplant Foundation Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $5,184,233
Professional Fundraising Fees: $0
Other Salaries and Wages: $104,328,688
For more financial information, click here
Official website here: www.mtfbiologics.org
What is the mission statement of Musculoskeletal Transplant Foundation Inc?
The Musculoskeletal Transplant Foundation Inc is a non-profit organization dedicated to saving and healing lives by honoring donated gifts and serving patients. They collaborate with various communities, including the medical, scientific, and organ and tissue donation sectors. The Foundation's main objective is to provide high-quality allograft tissue for transplantation, emphasizing excellence in education, research, recovery, and care for recipients, donors, and their families. The organization maximizes the availability of various types of tissue such as musculoskeletal, cardiovascular, skin, birth, and ocular tissue for transplantation. They support research related to tissue donation, recovery, and transplantation, and educate the public on the importance and benefits of tissue donation and transplantation. The Musculoskeletal Transplant Foundation Inc was incorporated in 1987 as a District of Columbia non-profit membership organization and is recognized as a 501(C)(3) organization. Despite the critical need for various types of tissue for transplantation, the organization remains committed to addressing this demand.
Official website here: www.mtfbiologics.org
Who is the CEO of Musculoskeletal Transplant Foundation Inc?
Joseph A Yaccarino is the President/Ce of Musculoskeletal Transplant Foundation Inc.
Official website here: www.mtfbiologics.org
What is the revenue of Musculoskeletal Transplant Foundation Inc?
Musculoskeletal Transplant Foundation Inc's revenue in 2022 was $490,881,944.
Official website here: www.mtfbiologics.org
Who are the executives of Musculoskeletal Transplant Foundation Inc and what are their salaries?
The average compensation at Musculoskeletal Transplant Foundation Inc during 2022 was $71,484. There are 1532 employees and 14 volunteers at Musculoskeletal Transplant Foundation Inc.
Here are 30 key members and their salaries:
- Compensation: $804,340
- Related: $0
- Other: $49,435
- Compensation: $637,326
- Related: $0
- Other: $40,589
- Compensation: $563,535
- Related: $0
- Other: $39,756
- Compensation: $524,899
- Related: $0
- Other: $41,948
- Compensation: $524,051
- Related: $0
- Other: $37,178
- Compensation: $494,911
- Related: $0
- Other: $45,348
- Compensation: $464,478
- Related: $0
- Other: $49,435
- Compensation: $443,321
- Related: $0
- Other: $49,435
- Compensation: $468,082
- Related: $0
- Other: $19,539
- Compensation: $432,507
- Related: $0
- Other: $40,589
- Compensation: $425,348
- Related: $0
- Other: $42,726
- Compensation: $382,708
- Related: $0
- Other: $46,513
- Compensation: $398,414
- Related: $0
- Other: $15,470
- Compensation: $365,168
- Related: $0
- Other: $43,836
- Compensation: $380,977
- Related: $0
- Other: $22,222
- Compensation: $329,296
- Related: $0
- Other: $26,404
- Compensation: $75,000
- Related: $0
- Other: $0
- Compensation: $35,000
- Related: $0
- Other: $0
- Compensation: $32,500
- Related: $0
- Other: $0
- Compensation: $27,500
- Related: $0
- Other: $0
- Compensation: $27,500
- Related: $0
- Other: $0
- Compensation: $25,500
- Related: $0
- Other: $0
- Compensation: $25,000
- Related: $0
- Other: $0
- Compensation: $25,000
- Related: $0
- Other: $0
- Compensation: $25,000
- Related: $0
- Other: $0
- Compensation: $22,500
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.mtfbiologics.org
Where can I find the form 990 for Musculoskeletal Transplant Foundation Inc?
Musculoskeletal Transplant Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.mtfbiologics.org
Learn more at the official website: www.mtfbiologics.org
Mission Statement of Musculoskeletal Transplant Foundation Inc
The Musculoskeletal Transplant Foundation, or MTF, is a distinguished nonprofit organization dedicated to saving and healing lives through the use of donated gifts. Their mission is threefold: first, they prioritize the provision of high-quality allograft tissue for transplantation. Second, they champion education, research, recovery, and care for recipients, donors, and their families. Lastly, they advocate for the health and welfare of the public by maximizing the availability of various types of tissue, including bone, dermal, and birth tissue, and supporting related research.
Established in 1987, MTF operates as a 501(c)(3) organization in the district of Columbia. The critical need for musculoskeletal, cardiovascular, skin, birth, and ocular tissue for transplantation necessitates their continuous efforts. MTF's unwavering commitment to excellence in education, research, recovery, and care has made them a trusted partner for the medical, scientific, and organ and tissue donation communities. They place great importance on the significance of tissue donation and transplantation, and dedicate themselves to educating the public on these important topics.
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Impact
October, 2024
Musculoskeletal Transplant Foundation Inc (MTF) plays a vital role in healthcare by transforming lives through tissue donation and transplantation. By honoring the gifts of over 160,000 donors since its inception in 1987, MTF provides safe, high-quality allograft tissues that are essential for a variety of medical applications. In 2022 alone, MTF recovered tissue from over 6,000 donors specifically for musculoskeletal and bone applications, significantly contributing to patient care in orthopedic, burn, and reconstructive surgeries.
MTF's collaborative approach with medical and scientific communities fosters innovation in transplantation practices, ensuring the best possible outcomes for patients. This partnership drives advancements in research, supporting projects both internally and with global researchers, thereby enhancing the field of transplant science.
Their efforts also extend to public education about the importance of tissue donation, increasing awareness, and promoting understanding of its life-saving potential. With approximately 465,000 units of allograft tissue distributed in 2022, MTF actively works to meet the growing demands for tissue and continues to develop new solutions for complex clinical challenges. Ultimately, MTF's mission to save and heal lives through the honorable act of tissue donation resonates deeply within the communities it serves.
This information is meant to be a general summary of Musculoskeletal Transplant Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $16,624,402
- Program Service Revenue: $466,009,432
- Gross Receipts: $494,970,218
Assets and Liabilities:
- Total Assets: $324,084,626
- Total Liabilities: $219,946,619
- Net Assets: $104,138,007
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TISSUE PROCESSING & DISTRIB.
Revenue
$449,194,987
DONOR SCREENING
Revenue
$9,566,433
DISTRIBUTION RIGHTS PAYMENTS
Revenue
$7,248,012
Organization Details
Founding Year
1987
Phone
(732) 661-0202Principal Officer
Joseph A Yaccarino
Main Address
125 MAY STREET, EDISON, NJ, 088373264
Website
www.mtfbiologics.orgNTEE Category
Code: E60 - Health
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