Overview
What is Louisville Orthopedic Research & Education Foundation Inc?
Louisville Orthopedic Research & Education Foundation Inc is a nonprofit organization based in Louisville, Kentucky, specifically at 201 Abraham Flexner Way, with a focus on advancing research in the field of orthopedic surgery. This includes studies related to total joint replacement, sports medicine, fractures, and osteoporosis. The foundation is actively engaged in conducting medical research in collaboration with the University of Louisville Hospital, a qualified 501(c)(3) organization. Their mission is to identify high-risk patients for failure during revision total hip replacement procedures, contributing to improved patient care in orthopedic surgeries. The foundation's activities extend to supporting research in this area and fostering advancements in orthopedic medicine.
What are the reviews and ratings of this charity?
Charity Navigator Rating: One-Star out of Four Stars (50%)
The Louisville Orthopedic Research & Education Foundation Inc has received a One-Star rating from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. The organization scored poorly in key areas, particularly due to the lack of independent board members and missing essential governance policies, which raises questions about its transparency and oversight.
Despite its low rating, the foundation has demonstrated a commendable program expense ratio of 79.69%, suggesting that the majority of its resources are directed towards its mission-related activities. However, the absence of critical policies, such as a conflict of interest policy and whistleblower protections, indicates potential vulnerabilities in its operational governance.
Overall, while the foundation is effectively utilizing its resources for program activities, the significant gaps in accountability measures limit its overall effectiveness and trustworthiness. Prospective donors and stakeholders should consider these factors when evaluating their support for the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Louisville Orthopedic Research & Education Foundation Inc legitimate?
Louisville Orthopedic Research & Education Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Louisville Orthopedic Research & Education 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
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What is the mission statement of Louisville Orthopedic Research & Education Foundation Inc?
The Louisville Orthopedic Research & Education Foundation Inc's mission revolves around conducting research in the field of orthopedic surgery, focusing on total joint replacement, sports medicine, fractures, and osteoporosis. They actively engage in this research in collaboration with the University Medical Center, Inc. Specifically, they are involved in a funded study aimed at identifying high-risk patients for failure during revision total hip replacement procedures. Their work is geared towards advancing knowledge and potential improvements in these orthopedic areas.
Who is the CEO of Louisville Orthopedic Research & Education Foundation Inc?
Arthur L Malkani Md is the President of Louisville Orthopedic Research & Education Foundation Inc.
What is the revenue of Louisville Orthopedic Research & Education Foundation Inc?
Louisville Orthopedic Research & Education Foundation Inc's revenue in 2023 was $77,826.
Who are the executives of Louisville Orthopedic Research & Education Foundation Inc and what are their salaries?
Here are 3 key members and their salaries:
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- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
Where can I find the form 990 for Louisville Orthopedic Research & Education Foundation Inc?
Louisville Orthopedic Research & Education Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Louisville Orthopedic Research & Education Foundation Inc
Louisville Orthopedic Research & Education Foundation Inc is dedicated to advancing research in the field of orthopedic surgery, specifically focusing on total joint replacement, sports medicine, fractures, and osteoporosis. Their mission is to actively engage in ongoing medical research in conjunction with the University of Louisville Hospital, a qualified 501(c)(3) organization. One of their notable initiatives involves funding a study aimed at identifying high-risk patients who may experience failure during revision total hip replacement procedures. This foundation plays a vital role in pushing the boundaries of orthopedic medicine through continuous research efforts.
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Impact
August, 2024
Louisville Orthopedic Research & Education Foundation Inc's impact lies in advancing medical research in the field of orthopedic surgery, specifically focusing on total joint replacement, sports medicine, fractures, and osteoporosis. By funding studies that help identify high-risk patients for failure undergoing revision total hip replacement, the foundation directly contributes to improving patient outcomes and quality of life. Through its continuous active involvement in medical research in conjunction with the University of Louisville Hospital, the foundation plays a crucial role in enhancing knowledge and innovation within the orthopedic surgery field. Its commitment to research and education serves as a cornerstone for driving advancements in orthopedic care and contributing to the overall well-being of patients.
This information is meant to be a general summary of Louisville Orthopedic Research & Education 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 2023.
- Investment Income: -$36,460
- Gross Receipts: $534,540
Assets and Liabilities:
- Total Assets: $996,374
- Total Liabilities: $0
- Net Assets: $996,374
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Organization Details
Founding Year
1998
Phone
(502) 464-3507Principal Officer
Arthur L Malkani Md
Main Address
201 ABRAHAM FLEXNER WAY 100, LOUISVILLE, KY, 402023841
NTEE Category
Code: H50 - Medical research
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