Skip to main content
IRS-authorized e-file provider · not the IRS

Nonprofit · EIN 47-2095371

FOUNDATION FOR ARTHROPLASTY RESEARCH AND EDUCATION

Tax-exempt · ROSEMONT, IL 60018

Financials

$120K$243K2023$104K$220K2024
Revenue Expenses · by fiscal year end
Financials of FOUNDATION FOR ARTHROPLASTY RESEARCH AND EDUCATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$103,998$219,736-$115,738$1,771,922$100,000$1,671,922
December 31, 2023990$119,978$242,845-$122,867$1,893,524$175,000$1,718,524
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$23,437
Program service revenue
$0
Investment income
$79,972
Net gain from sales of assets
$20,888
Other revenue
$589

Expenses

Grants and similar amounts paid
$200,000
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Program services (functional)
$200,000
Management and general (functional)
$19,736

Balance sheet and other

Total assets, start of year
$1,893,524
Total assets, end of year
$1,771,922
Total liabilities, end of year
$100,000
Net assets, end of year
$1,671,922
Publicly traded securities
$1,703,602
Net assets without donor restrictions
$1,651,922
Net assets with donor restrictions
$20,000
Gross receipts
$528,995
Employees
0
Volunteers
14
Year formed
2014
State of legal domicile
IL

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensationFrom related orgsOther / benefits
MICHAEL ZARSKIEXECUTIVE DIRECTOR
Officer
0.25$0$400,000$23,810
JAMES BROWNETREASURER
Trustee or director, Officer
0.25$0$20,000$0
JAVAD PARVIZIPRESIDENT/FIRST VP
Trustee or director
0.25$0$0$0
JAMES HUDDLESTONFIRST VP/DIRECTOR
Trustee or director, Officer
0.25$0$0$0
MICHAEL MENEGHINIDIRECTOR
Trustee or director, Officer
0.25$0$0$0
ANTONIA CHENDIRECTOR
Trustee or director, Officer
0.25$0$0$0
RAFAEL SIERRASECRETARY
Trustee or director, Officer
0.25$0$0$0
BRYAN SPRINGERPRESIDENT
Trustee or director, Officer
0.25$0$0$0
990 for the year ended December 31, 2023: 8 people
NameTitleHours / weekCompensationFrom related orgsOther / benefits
MICHAEL ZARSKIEXECUTIVE DIRECTOR
Officer
0.25$0$356,325$24,514
JAMES BROWNETREASURER
Trustee or director, Officer
0.25$0$20,000$0
JAVAD PARVIZIPRESIDENT/FIRST VICE PRESIDENT
Trustee or director, Officer
0.25$0$0$0
JAMES HUDDLESTONFIRST VICE PRESIDENT/2ND VICE PRESIDENT
Trustee or director, Officer
0.25$0$0$0
MICHAEL MENEGHINISECOND VICE PRESIDENT
Trustee or director, Officer
0.25$0$0$0
ANTONIA CHENTHIRD VICE PRESIDENT
Trustee or director, Officer
0.25$0$0$0
RAFAEL SIERRASECRETARY
Trustee or director, Officer
0.25$0$0$0
BRYN SPRINGERPAST PRESIDENT/PRESIDENT
Trustee or director
0.25$0$0$0

Address and contacts

Address (IRS master file)
9400 W HIGGINS RD STE 230, ROSEMONT, IL 60018-4976
Principal officer (990 for 2024)
MICHAEL ZARSKI, 9400 W HIGGINS ROAD 230, ROSEMONT, IL 60018
Signed the 990
MICHAEL ZARSKI, EXECUTIVE DIRECTOR
Phone
(847) 698-1200
Return prepared by
MANN WEITZ & ASSOCIATES LLC

Mission

TO IMPROVE HEALTH AND QUALITY OF LIFE BY SUPPORTING HIP AND KNEE RESEARCH, EDUCATION IN JOINT CARE, AND SCIENTIFIC ADVANCES IN THE TREATMENT OF THE HIP AND KNEE.

990 for the year ended December 31, 2024

Program accomplishments

  • FARE ESTABLISHED A GRANTS COMMITTEE TO AWARD MONETARY GRANTS OR OTHER FORMS OF FINANCIAL AND IN-KIND SUPPORT TO RESEARCH PROJECTS AND EDUCATIONAL ACTIVITIES THAT ADVANCE THE FARE MISSION. THE BOARD AUTHORIZED UP TO $250,000 TO BE USED FOR RESEARCH GRANTS AND A SOLICITATION TO RESEARCHERS TO APPLY FOR GRANTS WAS ISSUED. FARE WORKED WITH THE AAHKS RESEARCH COMMITTEE TO PROVIDE A BLINDED TECHNICAL EVALUATION AND SCORING OF RELEVANT RESEARCH/EDUCATION PROPOSALS IN SUPPORT OF THE FARE GRANTS COMMITTEE.
    Expenses $200,000 · grants $200,000

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
47-2095371
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2015
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Medical research (H50)
Assets (IRS master file)
$1,771,922
Income (IRS master file)
$528,995

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$103,998$219,736$1,771,922IRS
990December 2023$119,978$242,845$1,893,524XML
990December 2022$51,127$245,912$1,859,629IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 47-2095371).

Questions about FOUNDATION FOR ARTHROPLASTY RESEARCH AND EDUCATION

What is the EIN of FOUNDATION FOR ARTHROPLASTY RESEARCH AND EDUCATION?
The employer identification number (EIN) of FOUNDATION FOR ARTHROPLASTY RESEARCH AND EDUCATION is 47-2095371.
Is FOUNDATION FOR ARTHROPLASTY RESEARCH AND EDUCATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2015.
Are donations to FOUNDATION FOR ARTHROPLASTY RESEARCH AND EDUCATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does FOUNDATION FOR ARTHROPLASTY RESEARCH AND EDUCATION file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of FOUNDATION FOR ARTHROPLASTY RESEARCH AND EDUCATION due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did FOUNDATION FOR ARTHROPLASTY RESEARCH AND EDUCATION last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of FOUNDATION FOR ARTHROPLASTY RESEARCH AND EDUCATION?
The 990 for the year ended December 31, 2024 names MICHAEL ZARSKI.
Who are the officers and directors of FOUNDATION FOR ARTHROPLASTY RESEARCH AND EDUCATION?
The 990 for the year ended December 31, 2024 lists 8 people; 0 received compensation from the organization.
How much revenue does FOUNDATION FOR ARTHROPLASTY RESEARCH AND EDUCATION have?
On its 990 for the year ended December 31, 2024 it reported revenue of $103,998, expenses of $219,736 and total assets of $1,771,922 at year end.

Other nonprofits in ROSEMONT

All nonprofits in ROSEMONT · Illinois · Medical research