Nonprofit · EIN 83-0435069
TWIN CITIES ORTHOPEDICS FOUNDATION
Tax-exempt · BLOOMINGTON, MN 55431
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $881,422 | $1,004,363 | -$122,941 | $501,546 | $82,674 | $418,872 |
| December 31, 2023 | 990 | $1,024,966 | $1,094,774 | -$69,808 | $320,393 | $0 | $320,393 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $881,422
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $99,500
- Other salaries and wages
- $673,351
- Salaries, compensation and benefits (total)
- $722,739
- Professional fundraising fees
- $0
- Accounting fees
- $11,592
- Occupancy
- $13,680
- Travel
- $16,729
- Program services (functional)
- $869,641
- Management and general (functional)
- $98,585
- Fundraising (functional)
- $36,137
Balance sheet and other
- Total assets, start of year
- $320,393
- Total assets, end of year
- $501,546
- Total liabilities, end of year
- $82,674
- Net assets, end of year
- $418,872
- Net assets without donor restrictions
- $355,622
- Net assets with donor restrictions
- $63,250
- Gross receipts
- $881,422
- Employees
- 0
- Volunteers
- 20
- Year formed
- 2005
- State of legal domicile
- MN
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.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JAY HEMPE | CFO Officer | 1 | $0 |
| DR DAVID GESENSWAY | PRESIDENT Trustee or director, Officer | 5 | $0 |
| CHRIS BAILEY | TREASURER Trustee or director, Officer | 1 | $0 |
| REBECCA STONE MCGAVER | SECRETARY Trustee or director, Officer | 1 | $0 |
| DR KURT ANDERSON | DIRECTOR Trustee or director | 1 | $0 |
| DR SCOTT ANSETH | DIRECTOR Trustee or director | 1 | $0 |
| DR ADAM BAKKER | DIRECTOR Trustee or director | 1 | $0 |
| DR RYAN HESS | DIRECTOR Trustee or director | 1 | $0 |
| ROBERT LAPRADE | DIRECTOR Trustee or director | 1 | $0 |
| DR NICHOLAS MEYER | DIRECTOR Trustee or director | 1 | $0 |
| DR MARCUS MITTLESTEADT | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 10 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JAY HEMPE | CFO Officer | 1 | $0 |
| DR DAVID GESENSWAY | PRESIDENT Trustee or director, Officer | 5 | $0 |
| CHRIS BAILEY | TREASURER Trustee or director, Officer | 1 | $0 |
| DR KURT ANDERSON | DIRECTOR Trustee or director | 1 | $0 |
| DR SCOTT ANSETH | DIRECTOR Trustee or director | 1 | $0 |
| DR ADAM BAKKER | DIRECTOR Trustee or director | 1 | $0 |
| DR DAVID PALMER | DIRECTOR Trustee or director | 1 | $0 |
| DR NICHOLAS MEYER | DIRECTOR Trustee or director | 1 | $0 |
| DR PETER SANDERS | DIRECTOR Trustee or director | 1 | $0 |
| ROBERT LAPRADE | DIRECTOR Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 3500 AMERICAN BLVD W STE 300, BLOOMINGTON, MN 55431-4442
- In care of
- % JEFFREY C DICK
- Principal officer (990 for 2024)
- DAVID GESENSWAY, 3500 AMERICAN BLVD W 300, BLOOMINGTON, MN 55431
- Signed the 990
- JAY HEMPE, CFO
- Phone
- (952) 345-7704
- Website
- WWW.TCOFOUNDATION.ORG
- Return prepared by
- CLIFTONLARSONALLEN LLP
Mission
TO ADVANCE MUSCULOSKELETAL HEALTH THROUGH COMMUNITY SERVICE, ORTHOPEDIC RESEARCH, EDUCATION, AND TRAINING.
Program accomplishments
- THE IMPROVEMENT OF MUSCULO-SKELETAL HEALTH THROUGH CLINICAL RESEARCH, EDUCATION, TRAINING, ADVOCACY AND COMMUNITY SERVICE. WE ARE AFFILIATED WITH INFINITE HEALTH COLLABORATIVE PA, THE REGION'S LARGEST NETWORK OF ORTHOPEDIC SURGEONS. WE SPONSOR BOTH CLINICAL AND BASIC SCIENCE RESEARCH INTO INNOVATIVE TREATMENTS FOR ORTHOPEDIC DISEASES. IN ADDITION TO TREATING ORTHOPEDIC CONDITIONS AFTER THEY OCCUR, WE ARE STUDYING WAYS TO DELAY THE ONSET AND PREVENT THE CONDITIONS FROM EVER OCCURRING. TO THIS END, WE ENCOURAGE HEALTHY, ACTIVE LIFESTYLES, PROMOTE COMMUNITY SAFETY INITIATIVES AND OUTREACH PROGRAMS TO PREVENT INJURIES BY MAKING PUBLIC SPACES AND RECREATIONAL AREAS SAFER.Expenses $869,641 · grants $99,500
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 83-0435069
- 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
- 2006
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Medical research (H50)
- Assets (IRS master file)
- $501,546
- Income (IRS master file)
- $881,422
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $881,422 | $1,004,363 | $501,546 | XML |
| 990 | December 2023 | $1,024,966 | $1,094,774 | $320,393 | XML |
| 990 | December 2022 | $971,145 | $901,816 | $390,201 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | 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 83-0435069).
Questions about TWIN CITIES ORTHOPEDICS FOUNDATION
- What is the EIN of TWIN CITIES ORTHOPEDICS FOUNDATION?
- The employer identification number (EIN) of TWIN CITIES ORTHOPEDICS FOUNDATION is 83-0435069.
- Is TWIN CITIES ORTHOPEDICS FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2006.
- Are donations to TWIN CITIES ORTHOPEDICS FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does TWIN CITIES ORTHOPEDICS FOUNDATION 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 TWIN CITIES ORTHOPEDICS FOUNDATION 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 TWIN CITIES ORTHOPEDICS FOUNDATION 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 TWIN CITIES ORTHOPEDICS FOUNDATION?
- The 990 for the year ended December 31, 2024 names DAVID GESENSWAY.
- Who are the officers and directors of TWIN CITIES ORTHOPEDICS FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 11 people; 0 received compensation from the organization.
- How much revenue does TWIN CITIES ORTHOPEDICS FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $881,422, expenses of $1,004,363 and total assets of $501,546 at year end.
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