2025-10-02T11:43:33-05:00 2024-12-31 331498605 PLANTE & MORAN PLLC 8181 E TUFTS AVE SUITE 600 DENVER CO 80237 990 2024-01-01 880245022 STEADMAN PHILIPPON RESEARCH INSTITUTE STEA 9704799797 181 WEST MEADOW DRIVE SUITE 1000 VAIL CO 81657 JEFF GROTON VP OF FINANCE 9704795806 2025-09-30 1 1 DORI J EGGETT P00645252 3037409400 2025-09-30 2024 2025-03-06 01:10:19Z DAN DRAWBAUGH 181 WEST MEADOW DRIVE SUITE 1000 VAIL CO 81657 15197901 0 X WWW.SPRIVAIL.ORG X 1988 CO DEDICATION TO KEEPING PEOPLE PHYSICALLY ACTIVE THROUGH ORTHOPAEDIC RESEARCH AND EDUCATION. 28 27 79 0 0 0 13520110 13631292 250367 400125 63352 38834 58611 81509 13892440 14151760 867237 722737 0 0 8751591 9014316 0 0 1661192 6557549 6464068 16176377 16201121 -2283937 -2049361 15741993 14362541 7127002 7471034 8614991 6891507 X BUILDING ON OUR LEGACY OF EXCELLENCE IN ORTHOPAEDIC SPORTS MEDICINE, SPRI IS UNLOCKING THE SECRETS OF HEALING, FINDING CURES AND ENHANCING LIVES THROUGH GLOBAL LEADERSHIP IN REGENERATIVE MEDICINE, SCIENTIFIC RESEARCH, INNOVATION AND EDUCATION. 0 0 5216845 172737 0 CENTER FOR REGENERATIVE AND PERSONALIZED MEDICINE (CRPM) - CRPM IS COMMITTED TO CONDUCTING THE HIGHEST IMPACT TEAM SCIENCE, LEVERAGING THE EXPERTISE OF THE INSTITUTE'S OTHER SCIENTIFIC DEPARTMENTS. CRPM'S KEY AREA OF FOCUS IS TO ACCELERATE CLINICAL TRANSLATION AND HELP SCIENTIFIC DISCOVERIES AND PROVEN TREATMENTS GET TO PATIENTS FASTER. CRPM'S SCIENTIFIC PROGRAMS INVESTIGATE CELLULAR SCIENCE AND REGENERATIVE MEDICINE TECHNIQUES AND THERAPIES. THESE PROGRAMS ARE: FRACTURE REPAIR AND REGENERATIVE THERAPEUTICS MUSCLE REPAIR AND STEM CELL BIOLOGY BONE AND CARTILAGE REPAIR AND STEM CELL BIOLOGY GENETIC AND CELLULAR ENGINEERING STEM CELL ENGINEERING AND CARTILAGE REGENERATION HEALTH AGING DIAGNOSTICS 2156347 0 0 BIOMEDICAL ENGINEERING (BME) IS A MULTIDISCIPLINARY LABORATORY WHICH APPLIES QUANTITATIVE, ANALYTICAL, AND INTEGRATIVE METHODS TO THE FIELD OF ORTHOPAEDIC MEDICINE. THE MULTITALENTED RESEARCH STAFF INTEGRATES CLINICAL CARE, RESEARCH, AND EDUCATION WITH THE RESOURCES OF WORLD-RENOWNED MEDICAL DOCTORS IN ORDER TO IMPROVE THE TREATMENT OF MUSCULOSKELETAL DISEASES. THIS FOCUSED APPROACH IS DESIGNED TO MAINTAIN AND ENHANCE ATHLETIC PERFORMANCE, HEALTH, AND QUALITY OF LIFE FOR THE PROFESSIONAL, SEMI-PROFESSIONAL, COLLEGIATE, HIGH SCHOOL AND THE RECREATIONALLY ACTIVE INDIVIDUAL THROUGH AN EMPHASIS ON BENCH-TO-BEDSIDE RESEARCH. SEE CONTINUATION ON SCHEDULE O. THE PROGRAMS PROVIDED BY THE DEPARTMENT OF BIOMEDICAL ENGINEERING ARE UNIQUE AND DIVERSE AND THEY ENCOMPASS A COMPLETE RANGE OF SERVICES FOR THE PHYSICALLY ACTIVE OR THOSE WISHING TO RETURN TO AN ACTIVE LIFESTYLE AFTER INJURY. 1450626 0 0 THE CENTER FOR OUTCOMES-BASED ORTHOPAEDIC RESEARCH (COOR) PURSUES PATIENT-CENTERED OUTCOMES RESEARCH, WHICH HAS BEEN DEFINED AS THE STUDY OF THE END RESULTS OF MEDICAL TREATMENT, WHICH IS INTENDED TO PROVIDE SCIENTIFIC EVIDENCE TO SUPPORT PATIENT AND PHYSICIAN DECISIONS REGARDING MEDICAL TREATMENT. THE INSTITUTE'S OUTCOMES RESEARCH IS BASED ON PHYSICIAN/PATIENT ASSESSMENT OF IMPROVEMENT IN FUNCTION, QUALITY OF LIFE AND PATIENT SATISFACTION. OUTCOMES RESEARCH PROVIDES A TOOL TO LINK THE PATIENT'S PERSPECTIVE TO THE EFFECTIVENESS OF HEALTH TREATMENT. THIS ALLOWS FOR INCREASED PARTICIPATION BY PATIENTS IN THE DECISION-MAKING PROCESS REGARDING THE KIND OF CARE THEY DESIRE. OUR GOAL IN COOR IS TO LEARN FROM PATIENTS AND VALIDATE TREATMENT PROTOCOLS IN AN EFFORT TO IMPROVE THE QUALITY OF HEALTH CARE FOR EVERY PATIENT. 2928389 550000 127025 SURGICAL SKILLS LABORATORY; EDUCATION AND FELLOWSHIP PROGRAM; DEPARTMENT OF TECHNOLOGY AND MULTIMEDIA COMMUNICATIONS, AND IMAGING RESEARCH 2928389 550000 127025 11752207 1 1 0 0 0 0 0 0 0 1 1 0 0 1 1 1 0 1 0 0 0 0 0 0 1 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 1 48 0 1 79 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 28 27 1 0 0 0 0 0 0 1 1 0 0 1 1 0 0 1 0 1 1 0 AL AR CA FL GA IL KS KY MA MD MI MN MS NC NH NJ NM NY OR PA RI SC TN UT VA WI WV HI X JEFF GROTON 9704795806 181 W MEADOW DRIVE VAIL CO 81657 DAN DRAWBAUGH CEO/PRESIDENT 16.00 0.00 X X 513750 0 689 DR MARC PHILIPPON CO-CHAIR 1.00 0.00 X X 0 0 0 ROBERT BOURNE BOARD MEMBER 1.00 0.00 X 0 0 0 WILL COOK BOARD MEMBER 1.00 0.00 X 0 0 0 ANDY DALY BOARD MEMBER 1.00 0.00 X 0 0 0 TOM GORRIE BOARD MEMBER 1.00 0.00 X 0 0 0 DR TOM HACKETT BOARD MEMBER 1.00 0.00 X 0 0 0 TED HARTLEY BOARD MEMBER 1.00 0.00 X 0 0 0 ROBERT HURST BOARD MEMBER 1.00 0.00 X 0 0 0 VANESSA KERZNER BOARD MEMBER 1.00 0.00 X 0 0 0 DORIS KIRCHNER BOARD MEMBER 1.00 0.00 X 0 0 0 CHRIS LINDLEY BOARD MEMBER 1.00 0.00 X 0 0 0 DR PETER MILLETT BOARD MEMBER 1.00 0.00 X 0 0 0 CYNTHIA L NELSON BOARD MEMBER 1.00 0.00 X 0 0 0 MARY K NOYES BOARD MEMBER 1.00 0.00 X 0 0 0 SENENNE PHILIPPON BOARD MEMBER 1.00 0.00 X 0 0 0 STEVEN READ BOARD MEMBER 1.00 0.00 X 0 0 0 KEVIN RUDOLPH BOARD MEMBER 1.00 0.00 X 0 0 0 DAMARIS SKOURAS BOARD MEMBER 1.00 0.00 X 0 0 0 GEN PETE DAWKINS BOARD MEMBER 1.00 0.00 X 0 0 0 FRANK KRAUSER BOARD MEMBER 1.00 0.00 X 0 0 0 LARRY MULLEN JR BOARD MEMBER 1.00 0.00 X 0 0 0 AL PERKINS BOARD MEMBER 1.00 0.00 X 0 0 0 ALEX RAMPELL BOARD MEMBER 1.00 0.00 X 0 0 0 GARY S ROSENBACH BOARD MEMBER 1.00 0.00 X 0 0 0 KENNETH SCHANZER BOARD MEMBER 1.00 0.00 X 0 0 0 MIKE SHANNON BOARD MEMBER 1.00 0.00 X 0 0 0 GAY L STEADMAN BOARD MEMBER 1.00 0.00 X 0 0 0 GEOFF GRAY CFO/TREASURER 16.00 0.00 X 160405 0 6406 JOHNNY HUARD CHIEF SCIENTIFIC OFFICER 40.00 0.00 X 646016 0 15810 LEE JONES VP OF DEVELOPMENT 40.00 0.00 X 343296 0 12499 SCOTT TASHMAN DEVELOPMENT DIRECTOR 40.00 0.00 X 291489 0 20839 KRISTIN MORGAN DIRECTOR OF PHILANTHROPY 40.00 0.00 X 189292 0 9886 SUZANNE PAGE VICE PRESIDENT OF OPERATIONS 40.00 0.00 X 296394 0 12707 2440642 0 78836 19 0 1 0 CASSIDY & ASSOCIATES 607 FOURTEENTH STREET NW SUITE 400 WASHINGTON DC 20005 GOVERNMENT RELATIONS 180000 ROBERT HARDIE 1101 VERBENA COURT SILVER SPRING MD 20906 GOVERNMENT RELATIONS 123500 2 161994 46517 2108534 11314247 1128295 13631292 VAIL HIP SYMPOSIUM 900099 166933 166933 VAIL SCIENTIFIC SUMMIT 900099 106167 106167 LAB RENTAL 900099 85575 85575 PRODUCTION SERVICES 900099 41450 41450 400125 62119 62119 55131 55131 939315 886958 75642 52357 -75642 -23285 -23285 67056 161994 83541 -16485 -16485 OTHER INCOME 900099 42863 42863 42863 14151760 400125 0 120343 722737 722737 681250 681250 7007835 5336151 1008692 662992 183965 118662 42934 22369 620053 476043 99981 44029 521213 395109 87463 38641 249560 47014 202546 64675 64675 17176 17176 1293352 893705 80314 319333 173713 1322 172391 342117 220891 72421 48805 281943 155395 99362 27186 613364 459533 84884 68947 480956 333274 70363 77319 30761 18472 9460 2829 557868 536529 17626 3713 106100 62851 40777 2472 SUPPLIES 842046 825888 16158 MEDICAL SUPPLIES 595639 595639 0 0 EVENTS 426676 289293 909 136474 EMPLOYEE EXPENSES 139714 81911 45681 12122 248408 181788 45050 21570 16201121 11752207 2787722 1661192 2622776 1944201 2613434 1444500 1482173 1189678 143944 187184 9584261 7958024 1228203 1626237 270435 0 227050 227050 7153978 7743691 15741993 14362541 2001708 1710738 0 35230 5125294 5725066 7127002 7471034 X 992671 252049 7622320 6639458 8614991 6891507 15741993 14362541 -2049361 325877 0 X 0 1 X 1 1 1 X 14704813 15043952 13301274 13520110 13631292 70201441 14704813 15043952 13301274 13520110 13631292 70201441 26541799 43659642 44998 39857 47345 157974 117250 407424 13467 46648 42863 102978 70711843 1065005 0.61740 0.69180 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER REVENUE - 2020 AMOUNT: $ 0. 2021 AMOUNT: $ 0. 2022 AMOUNT: $ 13,467. 2023 AMOUNT: $ 46,648. 2024 AMOUNT: $ 42,863. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3129222 466763 3595985 2981352 147870 3129222 3469500 -488148 2981352 2287268 1000000 254327 72095 3469500 2119821 167447 2287268 0.00000 0.00000 1.00000 1 0 2559746 2400786 158960 6625015 5258712 1366303 399500 298526 100974 1626237 ASSETS HELD AT VAIL HEALTH FOUNDATION 2932795 RIGHT-OF-USE LEASED ASSETS 3595985 INTERCOMPANY RECEIVABLE - SPRI GOLF 389581 FINANCE LEASED ASSETS 268891 INTERCOMPANY RECEIVABLE - SPRI LEASING 556439 7743691 DUE TO/FROM SPRI LEASING CORP. 2442495 RIGHT-OF-USE LEASE LIABILITIES 3282571 5725066 X 15365912 325877 905451 1231328 14134584 17176 17176 14151760 16824425 640480 640480 16183945 17176 17176 16201121 PART V, LINE 4: THE ENDOWMENT IS HELD BY THE FOUNDATION AND IS MANAGED ACCORDING TO THE FOUNDATION'S INVESTMENT POLICIES THAT ATTEMPT TO PROVIDE A PREDICTABLE STREAM OF FUNDING TO PROGRAMS SUPPORTED BY THE ENDOWMENT WHILE SEEKING TO MAINTAIN THE PURCHASING POWER OF THE ENDOWMENT ASSETS. ENDOWMENT ASSETS INCLUDE THOSE ASSETS OF DONOR-RESTRICTED FUNDS THAT THE FOUNDATION MUST HOLD ON BEHALF OF THE INSTITUTE IN PERPETUITY. THE FOUNDATION WILL MAKE DISTRIBUTIONS FROM THE ENDOWMENT FUND ANNUALLY IN ACCORDANCE WITH THE FOUNDATION'S SPENDING POLICY. PART X, LINE 2: THE INSTITUTE IS A NOT-FOR-PROFIT CORPORATION AND IS EXEMPT FROM TAX UNDER THE PROVISIONS OF INTERNAL REVENUE CODE SECTION 501(C)(3). ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE INSTITUTE AND RECOGNIZE A TAX LIABILITY IF THE INSTITUTE HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE IRS OR OTHER APPLICABLE TAXING AUTHORITIES. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE INSTITUTE AND CONCLUDED THAT, AS OF DECEMBER 31, 2024 AND 2023, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE INSTITUTE IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. PART XI, LINE 2D - OTHER ADJUSTMENTS: SUBSIDIARY REVENUE REPORTED ON SEPARATE RETURNS 821,910. FUNDRAISING EXPENSES INCLUDED ON STATEMENT OF REVENUE 83,541. PART XII, LINE 2D - OTHER ADJUSTMENTS: SUBSIDIARY EXPENSES REPORTED ON SEPARATE RETURNS 556,939. FUNDRAISING EXPENSES INCLUDED ON STATEMENT OF REVENUE 83,541. SANCTUARY GOLF TOURNAMENT 229050 161994 67056 47000 22902 2110 11529 229050 161994 67056 47000 22902 2110 11529 83541 -16485 1 UNITED STATES OLYMPIC & PARALYMPIC COMMITTEE ONE OLYMPIC PLAZA COLORADO SPRINGS CO 80909 131548339 501(C)3 550000 0 NATIONAL MEDICAL SERVICE RESEARCH PROVIDER UNIVERSITY OF CALIFORNIA SAN FRANCISCO 505 PARNASSUS AVE SAN FRANCISCO CA 94143 946036493 501(C)3 115647 0 GENERAL SUPPORT UNIVERSITY OF TEXAS HEALTH SCIENCES CENTER 7000 FANNIN UCT 1000 HOUSTON TX 770305400 741761309 501(C)3 57089 0 GENERAL SUPPORT 1 0 PART I, LINE 2: THE INSTITUTE MONITORS THE USE OF GRANT FUNDS THROUGH APPROVAL BY THE CEO AND DURING THE BUDGET PROCESS. X X X 0 0 0 0 0 0 0 1 0 JOHNNY HUARD CHIEF SCIENTIFIC OFFICER 447016 0 175000 0 24000 0 13800 0 2010 0 661826 0 0 0 DAN DRAWBAUGH CEO/PRESIDENT 413750 0 100000 0 0 0 0 0 689 0 514439 0 0 0 LEE JONES VP OF DEVELOPMENT 233296 0 110000 0 0 0 10916 0 1583 0 355795 0 0 0 SCOTT TASHMAN DEVELOPMENT DIRECTOR 256489 0 35000 0 0 0 12238 0 8601 0 312328 0 0 0 SUZANNE PAGE VICE PRESIDENT OF OPERATIONS 213394 0 83000 0 0 0 8491 0 4216 0 309101 0 0 0 KRISTIN MORGAN DIRECTOR OF PHILANTHROPY 146792 0 42500 0 0 0 4329 0 5557 0 199178 0 0 0 GEOFF GRAY CFO/TREASURER 118405 0 42000 0 0 0 4796 0 1610 0 166811 0 0 0 PART I, LINE 7 THE AMOUNTS AND DECISION OF WHETHER THE ORGANIZATION'S OFFICERS RECEIVE A BONUS IS AT THE DISCRETION OF THE COMPENSATION COMMITTEE AND THE BOARD OF DIRECTORS. X 4 532926 FMV X MEDICAL SUPPLIES 1 595369 FMV 0 1 0 FORM 990, PART VI, SECTION A, LINE 1A THE BOARD OF DIRECTORS SHALL APPOINT FROM ITS MEMBERS AN EXECUTIVE COMMITTEE CONSISTING OF SUCH NUMBER OF DIRECTORS AS MAY BE DETERMINED BY THE BOARD OF DIRECTORS FROM TIME TO TIME (THE "EXECUTIVE COMMITTEE"). THE EXECUTIVE COMMITTEE SHALL CONSTITUTE A STANDING COMMITTEE OF THE FOUNDATION AND IS AUTHORIZED TO EXECUTE ALL POWERS AND TO PERFORM ALL DUTIES OF THE BOARD IN THE INTERIM BETWEEN REGULAR OR SPECIAL MEETINGS OF THE BOARD OF DIRECTORS, EXCEPT AS SET FORTH IN THE BYLAWS. FORM 990, PART VI, SECTION A, LINE 2 MARC PHILIPPON MD AND SENNENE PHILIPPON ARE BOARD MEMBERS WHO HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PROVIDED TO CERTAIN MANAGEMENT AND DESIGNATED MEMBERS OF THE EXECUTIVE COMMITTEE FOR REVIEW PRIOR TO FILING THE TAX RETURN. A COMPLETE COPY OF THE 990 IS PROVIDED TO THE ENTIRE BOARD OF DIRECTORS BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 15 THE CEO'S COMPENSATION WAS DETERMINED BY THE EXECUTIVE COMMITTEE. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS ARE AVAILABLE ON THE SECRETARY OF STATE OF COLORADO WEBSITE. THE AUDITED FINANCIAL STATEMENTS ARE POSTED ON THE INSTITUTE'S WEBSITE. SPRI LEASING CORPORATION 181 WEST MEADOW DRIVE SUITE 1000 VAIL CO 81657 272763010 MEDICAL DIAGNOSTICS CO SPRI C 723245 2455767 1.00000 1 SPRI GOLF INC 181 WEST MEADOW DRIVE SUITE 1000 VAIL CO 81657 882346200 SPORTS INSTRUCTION CO SPRI C 98665 45220 1.00000 1 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 SPRI LEASING CORPORATION L 234962 FAIR MARKET VALUE SPRI GOLF INC L 210151 FAIR MARKET VALUE SPRI LEASING CORPORATION C 46517 FAIR MARKET VALUE