Overview
What is The Foundation For Spinal Restoration?
The Foundation for Spinal Restoration, based in Santa Monica, California, is a dedicated nonprofit organization. Their primary focus is on advancing the treatment of spinal disorders through innovative research on surgical techniques, injectables, and therapy for correcting spinal curvatures. Beyond this, they engage in investigating biologics, stem cells, implants, and testing devices and surgical methods for the clinical treatment of degenerative diseases and abnormalities of the spine. This work is integral to their mission, which involves evaluating and improving treatment options for individuals suffering from such conditions.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 44%, Zero-Star out of Four Star rating.
The Foundation For Spinal Restoration has received a low overall rating, primarily due to significant deficiencies in financial reporting and transparency. While the organization has a fully independent board, it lacks essential financial statements, which has severely impacted its Accountability & Finance score. The charity's program expense ratio is relatively low at 53.52%, indicating that more than half of its expenses are not allocated to program services, which raises concerns about resource allocation.
Strengths include the presence of a majority independent board and a low liabilities-to-assets ratio, demonstrating financial stability in terms of debt management. However, the absence of key governance policies and missing financial documentation reflects a lack of adherence to best practices in nonprofit management. These issues could hinder the organization's credibility and effectiveness in serving its mission.
Overall, potential donors and supporters should approach The Foundation For Spinal Restoration with caution, given its poor financial transparency and governance practices. Improving these areas would be essential for enhancing trust and efficacy in fulfilling its objectives.
This AI summary has been generated from information found on Charity Navigator.
Is The Foundation For Spinal Restoration legitimate?
The Foundation For Spinal Restoration is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Foundation For Spinal Restoration 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of The Foundation For Spinal Restoration?
The Foundation For Spinal Restoration's mission is to advance the evaluation and clinical application of various treatments for degenerative diseases and abnormalities of the spine. This includes investigating biologics, stem cells, implants, and testing surgical techniques and devices. The organization's primary objective is to contribute to the development of innovative treatments for spinal disorders, such as therapy for correcting spinal curvatures. They conduct research on novel surgical, injectable, and other techniques to potentially improve spinal health.
Who is the CEO of The Foundation For Spinal Restoration?
Hyun W Bae Md is the President of The Foundation For Spinal Restoration.
What is the revenue of The Foundation For Spinal Restoration?
The Foundation For Spinal Restoration's revenue in 2022 was $1,362,243.
Who are the executives of The Foundation For Spinal Restoration and what are their salaries?
Here are 4 key members and their salaries:
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Where can I find the form 990 for The Foundation For Spinal Restoration?
The Foundation For Spinal Restoration's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of The Foundation For Spinal Restoration
The Foundation for Spinal Restoration is devoted to advancing the evaluation of innovative biologics, stem cells, implants, and surgical techniques for the clinical treatment of degenerative diseases and abnormalities of the spine. In simpler terms, this organization aims to explore and test various methods, including novel surgical procedures, injectables, and techniques, to address spinal disorders, including the correction of spinal curvatures. Their mission is to contribute to the development of effective treatments for spinal issues, ultimately improving the quality of life for those affected.
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Impact
July, 2024
The Foundation For Spinal Restoration has made a significant impact on the field of medical research by conducting cutting-edge studies on novel surgical techniques, injectables, and other methods for treating spinal disorders. Their research focuses on evaluating biologics, stem cells, implants, and devices for the clinical treatment of degenerative diseases and abnormalities of the spine. This work has the potential to revolutionize the way spinal conditions are treated, offering new hope for patients suffering from spinal disorders.
This information is meant to be a general summary of The Foundation For Spinal Restoration. 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: $711
- Program Service Revenue: $438,543
- Gross Receipts: $1,362,243
Assets and Liabilities:
- Total Assets: $2,328,204
- Total Liabilities: $473
- Net Assets: $2,327,731
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RESEARCH
Revenue
$438,543
Organization Details
Phone
(855) 952-7746Principal Officer
Hyun W Bae Md
Main Address
2811 WILSHIRE BLVD 850, SANTA MONICA, CA, 90403
NTEE Category
Code: H9B - Medical research
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