Overview
What is The Hip Society?
The Hip Society is a renowned nonprofit organization situated in Schaumburg, Illinois. Its primary focus is on bringing together orthopedic surgeons and engineers with a shared interest in hip surgery. They conduct educational events, featuring comprehensive full-day programs divided into symposia and award paper sessions. The organization's mission is to advance the understanding of hip disorders, promote evidence-based treatment, and refine hip surgery techniques to enhance patients' lives. By doing so, The Hip Society plays a significant role in the medical community dedicated to improving hip health.
Official website here: www.hipsoc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96%, Four-Star out of Four Star rating
The Hip Society has received an impressive Four-Star rating from Charity Navigator, reflecting a strong commitment to accountability and finance. With an overall score based entirely on a single beacon score, the charity excels with a 96% in this category, indicating excellent financial health and transparency. This high rating is significant as it suggests that the organization effectively utilizes its resources and adheres to best practices for governance.
One of the organization's notable strengths is its independent board, with all eight members being independent, which ensures unbiased decision-making. Additionally, The Hip Society’s financial oversight is solid, evidenced by their strong audit and oversight committee and absence of any material diversion of assets. The charity also maintains a robust set of governance policies, including conflict of interest and whistleblower policies, which are crucial for maintaining integrity.
Despite the strong performance in accountability and finance, the summary does not provide additional context on the organization's programs or outcomes, which could be important for potential donors and stakeholders. However, the high program expense ratio of 72.88% indicates that a significant portion of funds is directed toward its programs, reinforcing its commitment to mission-driven work.
This AI summary has been generated from information found on Charity Navigator.
Is The Hip Society legitimate?
The Hip Society is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Hip Society 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: $99,030
Professional Fundraising Fees: $0
Other Salaries and Wages: $66,175
For more financial information, click here
Official website here: www.hipsoc.org
What is the mission statement of The Hip Society?
The mission of The Hip Society is centered around advancing the understanding of hip disorders, advocating for evidence-based treatment methods, and refining surgical techniques related to the hip. Their ultimate goal is to enhance the lives of patients by implementing these advancements. They achieve this through organized meetings and educational programs, which invite orthopedic surgeons and engineers with an interest in hip surgery. These events feature symposia and award paper sessions, providing a full day of learning opportunities.
Official website here: www.hipsoc.org
Who is the CEO of The Hip Society?
Mathias Pg Bostrom is the Immediate Past President of The Hip Society.
Official website here: www.hipsoc.org
What is the revenue of The Hip Society?
The Hip Society's revenue in 2022 was $1,236,691.
Official website here: www.hipsoc.org
Who are the executives of The Hip Society and what are their salaries?
There 200 volunteers at The Hip Society.
Here are 13 key members and their salaries:
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- Compensation: $99,030
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- Other: $22,254
Official website here: www.hipsoc.org
Where can I find the form 990 for The Hip Society?
The Hip Society's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.hipsoc.org
Learn more at the official website: www.hipsoc.org
Mission Statement of The Hip Society
The Hip Society, a renowned organization, is dedicated to advancing the understanding of hip disorders. Its primary goal is to promote evidence-based treatments and refine hip surgery techniques with the ultimate aim of enhancing the lives of patients. By bringing together orthopedic surgeons and engineers with a shared interest in hip surgery, The Hip Society organizes meetings and full-day educational programs. These events are structured into symposia and award paper sessions, providing a platform for the exchange of knowledge and the dissemination of innovative practices in the field of hip surgery.
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Impact
October, 2024
The Hip Society significantly advances knowledge and treatment of hip disorders, impacting both patients and the medical community. By hosting meetings and educational programs for orthopedic surgeons and engineers, it fosters collaboration and exchange of ideas to refine surgical techniques and promote evidence-based treatments. This emphasis on education ensures that practitioners stay updated on the latest advancements, ultimately leading to improved patient outcomes. The society's commitment to disseminating research and best practices not only enhances the skill sets of medical professionals but also translates into better surgical strategies and care for patients suffering from hip disorders. Through its efforts, The Hip Society plays a crucial role in enhancing the quality of life for individuals affected by hip-related issues.
This information is meant to be a general summary of The Hip Society. 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: $104,909
- Program Service Revenue: $656,429
- Gross Receipts: $2,891,912
Assets and Liabilities:
- Total Assets: $6,247,099
- Total Liabilities: $338,743
- Net Assets: $5,908,356
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EDUCATION AND REGISTRATION
Revenue
$656,429
Organization Details
Founding Year
1968
Phone
(847) 698-1638Principal Officer
Mathias Pg Bostrom
Main Address
1515 EAST WOODFIELD ROAD, SCHAUMBURG, IL, 60173
Website
www.hipsoc.orgIf you are a representative of The Hip Society and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.