Overview
What is Piedmont Orthopedic Foundation Inc?
Piedmont Orthopedic Foundation Inc is a charitable organization situated in Lynchburg, Virginia, with an address at 4717 John Scott Drive. Their primary mission is to foster the study and advancement of orthopedics, both scientifically and practically. To achieve this goal, they collaborate with esteemed institutions like Duke University School of Medicine to provide accredited continuing medical education. They achieve their objectives by granting funds from their assets, adhering to the criteria set by Section 501(C)(3) of the Internal Revenue Code. The foundation's activities focus on educational costs related to the annual gathering of the Piedmont Orthopedic Society, contributing to the expansion of knowledge in the field of orthopedics.
Official website here: www.piedmontorthopedicsociety.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 69%, earning a Two-Star out of Four Star rating. The Piedmont Orthopedic Foundation Inc has been rated for its accountability and financial health, achieving an overall score of 69. While the organization has a strong presence of independent board members and a commendable program expense ratio of 91.33%, which indicates that most of its expenditures directly benefit its programs, it still falls short in various governance practices.
Strengths of the foundation include a full independent board and no material diversion of assets, which suggests a solid financial foundation and responsible management of funds. The organization also maintains thorough documentation of board meeting minutes, contributing to its transparency in operations and decision-making.
However, significant limitations are apparent, particularly in its governance policies. The absence of a conflict of interest policy, whistleblower policy, and document retention and destruction policy indicates potential vulnerabilities in organizational oversight. These gaps in governance may undermine stakeholder confidence and suggest areas for improvement to meet higher accountability standards.
This AI summary has been generated from information found on Charity Navigator.
Is Piedmont Orthopedic Foundation Inc legitimate?
Piedmont Orthopedic Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Piedmont Orthopedic 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.piedmontorthopedicsociety.org
What is the mission statement of Piedmont Orthopedic Foundation Inc?
The Piedmont Orthopedic Foundation Inc's mission is centered around encouraging the advancement of orthopedics. This is achieved through granting funds derived from the organization's assets, exclusively for charitable, educational, and scientific purposes, in accordance with Section 501(C)(3) of the Internal Revenue Code. The primary objective is to support studies and the development of orthopedics, ultimately contributing to the progress of the field. The foundation also covers educational costs for the annual meeting of the Piedmont Orthopedic Society. In collaboration with Duke University School of Medicine, they provide accredited continuing medical education, further enhancing the knowledge and skills of professionals in the orthopedic field.
Official website here: www.piedmontorthopedicsociety.org
Who is the CEO of Piedmont Orthopedic Foundation Inc?
William Andrews is the President of Piedmont Orthopedic Foundation Inc.
Official website here: www.piedmontorthopedicsociety.org
What is the revenue of Piedmont Orthopedic Foundation Inc?
Piedmont Orthopedic Foundation Inc's revenue in 2022 was $733,608.
Official website here: www.piedmontorthopedicsociety.org
Who are the executives of Piedmont Orthopedic Foundation Inc and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.piedmontorthopedicsociety.org
Where can I find the form 990 for Piedmont Orthopedic Foundation Inc?
Piedmont Orthopedic Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.piedmontorthopedicsociety.org
Learn more at the official website: www.piedmontorthopedicsociety.org
Mission Statement of Piedmont Orthopedic Foundation Inc
Piedmont Orthopedic Foundation Inc is dedicated to fostering the advancement and understanding of orthopedics. This is achieved through the distribution of funds derived from the organization's assets, with the primary focus on charitable, educational, and scientific pursuits that align with Section 501(C)(3) of the Internal Revenue Code. By doing so, Piedmont Orthopedic Foundation Inc supports the ongoing study and application of orthopedics, contributing to the betterment of the field.
To further its mission, Piedmont Orthopedic Foundation Inc has provided financial assistance for educational costs associated with the annual meeting of the Piedmont Orthopedic Society. In a collaborative effort with Duke University School of Medicine, the society has also offered accredited continuing medical education, ensuring that professionals in the field remain updated with the latest advancements. This commitment to education and professional development is a testament to Piedmont Orthopedic Foundation Inc's dedication to promoting the science and practice of orthopedics.
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Impact
July, 2024
Piedmont Orthopedic Foundation Inc's impact lies in its dedication to encouraging the study and development of the science and practice of orthopedics. Through grants from its assets, the organization focuses on charitable, educational, and scientific purposes that qualify under Section 501(c)(3) of the Internal Revenue Code. By supporting educational costs for events like the annual meeting of the Piedmont Orthopedic Society and partnering with reputable institutions like Duke University School of Medicine to provide accredited continuing medical education, the foundation plays a vital role in advancing orthopedic research and knowledge.
This information is meant to be a general summary of Piedmont Orthopedic 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: $104,972
- Program Service Revenue: $225,456
- Gross Receipts: $1,243,516
Assets and Liabilities:
- Total Assets: $2,845,987
- Total Liabilities: $0
- Net Assets: $2,845,987
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEETINGS
Revenue
$225,456
Organization Details
Founding Year
1963
Phone
(434) 942-5610Principal Officer
William Andrews
Main Address
4717 JOHN SCOTT DRIVE, LYNCHBURG, VA, 24503
NTEE Category
Code: H9DZ - Medical research
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